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    Lokta Opens Its Agentic Loan Servicing Platform to NBFCs Up to Rs 100 crore, with No Platform Fee for Up to Two Years
    RTI seeks Aadhaar date-of-birth changes after pre-poll Bihar pension hike; UIDAI says no such data
    IC Electricals Secures Approx. ₹6 Crore Railway Orders and ₹1 Crore Export Order
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    CCI approves acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd. and related transactions
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September 2, 2026
Show AI Summary
NBFC loan servicing governance retains lender control through deterministic decision rules, maker-checker controls, reconciled migration and optional AI assistance.
Lokta Next 100 offers RBI-registered NBFCs with loan books up to Rs 100 crore post-approval loan servicing, accounting, reporting, analytics, collections, recovery and partner-management functions, excluding pure-play microfinance NBFCs. Credit, approval and money decisions remain with the lender. Maker-checker approval applies to every change, and migration requires line-by-line reconciliation before cutover. Records remain lender-owned, hosted in India and exportable. AI may propose changes but cannot post to the ledger; deterministic lender-policy rules decide changes. Platform fees are deferred for up to 24 months, subject to stated loan-book thresholds.
September 2, 2026
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RTI access to maintained records does not require creation of Aadhaar date-of-birth update data on demand.
UIDAI did not maintain separate Aadhaar data on date-of-birth updates in Bihar following the announced social security pension enhancement, including month-wise or district-wise compilations. No internal review or flagging of unusual update patterns was available or applicable in its records. The Central Information Commission clarified that the RTI framework does not require a public authority to create, compile or generate information that it does not maintain in the form requested. The initial CPIO response treating the information as outside the RTI Act was considered inappropriate.
September 2, 2026
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IC Electricals Company Limited has secured railway purchase orders for electrical and electronic supplies and an export order, creating combined order inflow across domestic railway operations and international markets. Its product portfolio includes regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, alternators, traction motors, and permanent magnet alternators with controllers. Forward-looking statements on business plans, projects, and research and development remain subject to risks and uncertainties and may differ materially from actual results.
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Double deflation explains negative manufacturing GVA deflators when input prices rise faster than output prices.
Double deflation in manufacturing separately deflates gross output and intermediate consumption, with real GVA derived from their difference. Where input prices rise faster than output prices, nominal GVA may grow more slowly than real GVA, producing a negative implicit GVA deflator despite rising output and input prices. A negative manufacturing GVA deflator therefore does not establish a fall in manufactured-product prices or lower real growth. The implicit GDP deflator is a derived ratio between current-price and constant-price GDP and differs from CPI and WPI because of their distinct coverage, weights, and price concepts.
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Data centre ease-of-doing-business reforms target reliable power, prepared land, streamlined approvals and building standards for faster infrastructure deployment.
Ease-of-doing-business reforms for India's data-centre ecosystem focus on faster and sustainable infrastructure deployment through reliable power, ready-to-use land, streamlined approvals and suitable building regulations. Proposed power measures include cluster-based transmission planning, first-day sanctioned load, dual feeders and cross-border renewable-energy procurement. Data-centre-ready land banks and power-ready parcels are intended to reduce development timelines. The National Building Code 2026 recognises data centres under Group E and contains a dedicated annex on fire-risk assessment and data-centre-specific performance indicators.
September 2, 2026
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Trade facilitation and customs cooperation drive follow-up action on connectivity, regulatory coordination, investment promotion and bilateral commercial engagement.
India-Afghanistan bilateral trade and economic cooperation is being advanced through institutional engagement on trade facilitation, customs cooperation, connectivity, investment and commercial exchange. Priority areas include customs and data-sharing cooperation, visa facilitation for traders, banking and financial cooperation, pharmaceutical and agricultural trade, energy cooperation, tariff concessions, cargo connectivity and port-related matters. Follow-up action covers regulatory cooperation, improved connectivity, investment promotion and business-to-business engagement.
September 2, 2026
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Residential rooftop solar subsidy requires eligibility, prior approval, registered installation, net metering, commissioning, and verified bank details for direct transfer.
PM Surya Ghar Muft Bijli Yojana provides central financial assistance for eligible grid-connected residential rooftop solar systems, capped at Rs. 78,000 for systems of three kilowatts or more. Applicants must be Indian citizens who own a suitable house, hold a valid electricity connection, and have not received an earlier solar-panel subsidy. Applications require portal registration, distribution-company feasibility approval, installation through a registered vendor, net metering, inspection, commissioning and submission of bank details. Assistance is transferred directly after verification. State-specific net-metering procedures, approvals and additional incentives may apply.
September 2, 2026
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Sovereign credit rating upgrade reflects solid growth, stronger financial systems, and improving fiscal and external resilience.
JCR upgrades India's foreign-currency and local-currency long-term issuer ratings to A- with a stable outlook, citing sustained economic growth, productivity-oriented policies and improved financial-system soundness. Fiscal constraints include elevated deficits, intergovernmental fiscal transfers, electoral-cycle sensitivity, and high combined government debt and interest burdens. Greater emphasis on infrastructure capital expenditure has improved the quality of fiscal spending. External resilience is supported by a contained current account deficit, services surplus and foreign-exchange reserves exceeding short-term external debt.
September 2, 2026
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Personal insolvency bench constitution and repayment-plan eligibility remain contested where a larger tribunal bench stays a third-member order.
Personal insolvency proceedings raised a challenge to the National Company Law Tribunal's authority to constitute a five-member bench after a split verdict. The challenge contended that the mechanism for differing views permits reference to another member or members, but does not authorise a five-member bench. The larger bench stayed the third member's order, restricted asset alienation, and suspended an order permitting settlement of personal-guarantee claims. The dispute concerned the validity of that bench, the split-verdict reference procedure, repayment-plan eligibility, and pending creditor appeals.
September 2, 2026
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Digital lending app verification enables borrowers to identify regulated lenders, grievance channels, and warning signs before accepting loans.
GoCredit's Loan App Checker allows borrowers to search lending apps against the public Digital Lending App directory and identify the regulated lender, grievance contact and RBI Ombudsman escalation route where a match exists. Regulatory reporting by regulated entities enables app-level verification, while borrowers should also check the lender named in app disclosures and loan agreements. A directory listing is a regulated-entity disclosure, not RBI approval or endorsement. Unmatched apps should be assessed through verification steps and reported through official channels where appropriate.
September 2, 2026
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Rupee depreciation in early trade reflected oil-price pressures, risk aversion, higher Treasury yields and broad dollar strength.
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Responsible AI governance requires ethical safeguards, privacy protection, accountability and adaptive oversight to build lasting corporate stakeholder trust.
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September 2, 2026
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E-auction of surplus public land enables transparent outright sale of RINL parcels through registered, KYC-verified bidding.
National Land Monetization Corporation will facilitate the e-auction and outright sale of 459 encumbrance-free RINL land parcels, including residential plots and parcels suited for commercial and logistics use. Competitive bidding will occur through the RailTel E-Nivida e-procurement platform. Participation requires online registration, KYC verification, and plot-wise submission of an earnest money deposit within prescribed timelines. The process supports transparent monetisation of surplus land and non-core public assets.
September 2, 2026
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Competition approval for infrastructure finance restructuring covers acquisition, minority transfer, investment divestment, and merger of regulated NBFCs.
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September 2, 2026
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Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
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September 1, 2026
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September 1, 2026
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Current account deficit widened as merchandise trade deficit increased, notwithstanding stronger services receipts, remittances, and foreign direct investment inflows.
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September 1, 2026
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Technology-enabled tax compliance and enforcement supported higher commercial tax collections, while GST rate reductions moderated sectoral net GST growth.
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Customs, DGFT & SEZ

Government Approves 19 Proposals of Foreign Direct Investment (FDI) Amounting to about ₹ 2326.72 Crore

July 24, 2014

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Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 11th June, 2014, the Government has approved Nineteen (19) proposals of Foreign Direct Investment (FDI) amounting to ₹ 2326.72crore approximately.

Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 11.6.2014.

1. Following Nineteen (19) proposals have been approved:

Sl. No

Name of the applicant

Gist of the proposal

Proposed FDI

Sector

1

M/s TTK Protective Devices Limited, Chennai

(No. 11/2014-FC-I)

Proposal for transfer of shares from Resident to Non-Residents, who are private equity/ Institutional Investors prior to a subsequent merger with the lsited group company TTK Healthcare subject to Court approval.

₹ 48.20 crore

Pharmaceutical

2

M/s Reckitt Benckiser (India) Limited

(No. 17/2014-FC-I)

Permission to acquire 23.72% paid up share capital of M/s Reckitt Benckiser Healthcare India Limited from its foreign investors M/s Reckitt Benckiser (Singapore) Pte. Ltd., Singapore

₹ 725 Crore (approx.)

Pharmaceutical

3

M/s Pfizer Limited, Mumbai

No. FC-II 84(2012)/76(2012)

Proposal for issuance of equity shares of Pfizer Ltd.’s to shareholders of Wyeth Ltd pursuant on amalgamation of the latter with Pfizer Ltd. Both the companies are in the Pharmaceutical sectors.

Nil

Pharmaceutical

4

M/s Dr. Willmar Schwabe India Private Limited

No. FC-II 96(1994)/106(1994)

No. 14/AM/2014

Proposal to undertake manufacturing and distribution of homeopathic, herbal and phyto medicines and cosmetics products manufactured in India by way of retail sale and/or wholesale;  and distribution of homeopathic, herbal and phyto medicines and cosmetics products imported by the company by way of wholesaledistribution.

Nil

Pharmaceutical

5

M/s AT&T Global Network Services India Private Limited, New Delhi

Proposal for increasing foreign equity participation from existing 74% to 100% by way of buy back of shares from Indian investor

Not indicated

Telecom

6

M/s EGN BV, The Netherlands

No. FC-II 119(2006)/75(2006)

Proposal for increasing foreign equity participation in M/s Orange Business Services India Network Private Limited, engaged in telecom sector, from 74% to 100%.

₹ 10.00 crore (approx.)

Telecom

7

M/s The Walt Disney Company (Southeast Asia) Pte. Limited, Singapore

No. FC-II 216(2000)/195(2000)

Proposal to infuse additional capital in M/s UTV Software Communication Limited by way of subscription to equity capital up to ₹ 1,100 crore and also make additional investments from time to time

₹ 1100 Crore

Broadcasting

8

M/s News Laundry Media Private Limited

No. 8/2014-FC-I

Proposal for acquisition of shares by M/s Digital Media Laboratory Pte Ltd., Singapore.

0.0125 Crore

Broadcasting

9

M/s J2 Global Ireland Limited

(23/2014-FC-I)

Proposal seeking permission to invest in a proposed LLP with an initial amount equal to US$ 250,000 to increase to $ 10 million in the activity of software development and technology based services.

₹ 15 Crore (Approx)

(US$ 250,000)

IT

10

M/s Morgan Stanley Global Services Mauritius, Mauritius

(No. 63/2014-FC-I)

Proposal for foreign investment in a Limited Liability Partnership (LLP) to be engaged in the I.T. sector and proposed to be formed in India

Rs.27.00 Crore (approx.) (USD 44,99,100)

IT

11

M/s Life Positive Private Limited

(No. FC-II70/2013)

(No. 01/AM/2014)

Proposal for inclusion of additional activities in the FIPB approval granted to M/s Life Positive Private Limited, engaged in publishing of magazine

Nil

Print Media

12

M/s SBICAP Ventures Limited

(No. 33/2014-FC-I)

Proposal by Department for International Development, UK for investment into NEEV Fund, proposed to be registered with the SEBI, as  a Category I Alternative Investment Fund- Infrastructure Fund under SEBI, Regulations, 2012 (AIF).

₹ 396.00 Crore

(£3,60,00,000/-)

Financial

13

M/s BNP Paribas India Holding Private Limited

(No. FC-II68(2011)/83(2011)

Proposal to commence offering ‘trusteeship services for private trusts and charitable trusts’ and ‘estate planning’ services to its clients in India through a new company to be established.

Nil

Financial

14

M/s Brightstar Infrastructure Pvt Ltd,Mumbai

(No. 197/2013-FC-I)

Proposal seeking Post –Facto approval for the allotment of 4,50,000 share warrants of ₹ 10 /- each to the foreign investor- M/s  Shubham SA Investments LLC.

Nil

Construction and Development

15

M/s Speciality Restaurants Limited. (SRL) Kolkata

(No. 27/2014-FC-I)

Proposal seeking post-facto approval for issuance of 1,66,924 warrants in 2007 to M/s SAIF III Mauritius  Company Limited

Nil

Construction and Development

16

M/s Amsted Aikon Rail Ventures Private Limited, Delhi

(No. 37/2014-FC-I)

Proposal seeking post-facto approval for infusing the investment received for manufacturing of rail components in the capital of M/s Amsted Steel Foundries (India) Private Limited, its wholly owned subsidiary.

Nil

Others

17

M/s Lladro S.A (Earlier known as M/s Lladro Commercial S.A

(No. 3/SIA/RT/2006)

 

Proposal for enhancement of equity participation from 26% to 51% in M/s SPA Lifestyle Private Limited, engaged in single brand product retail trading of LLADRO products.

₹ 1.20 crore

Single Brand Retail trading

18

M/s Bulgari International Corporation (BIC) NV, The Netherlands

(No. 17/SIA/RT/2013)

Proposal for investment up to 51% in M/s Luxco India Retail Private Limited to undertake single brand retail trading of ‘BVLGARI’ products

₹ 2.6758 Crore (Approx) (USD 445,191)

Single Brand Retail trading

19

M/s Luxury Lifestyle Trading India Private Limited

(No. 19/SIA/RT/2013)

Proposal to undertake single brand retail trading of ‘Stefano Ricci’ products.

₹ 1.63 crore (Approx) (USD 270,940)

Single Brand Retail trading

 

2.  The following six (6) proposals have been rejected:

Sl. No.

Name of the applicant

Gist of the proposal

Sector

1

M/s George Institute for Global Health, Hyderabad

(No. 50/2014-FC-I)

Proposal seeking post-facto approval and regularization for the allotment of 16,78,492 fully paid up equity shares of ₹ 10/- each.

Pharmaceutical

2

M/s Multi Commodity Exchange of India Private Limited.

(FC-II 42(2010)/78(2010)

Proposal seeking post-facto approval in respect of the foreign investment made by M/s Alexandra Mauritius Ltd prior to issue of Press Note 2 of 2008 when FDI in that sector was brought under approval route

Financial

3

M/s India- Pacific Alliance Pvt Ltd

(No. 16/2014-FC-I)

Proposal for issuance and allot shares to M/s Pacific Alliance Capital Group, USA against the inward remittance received from M/s Pacific Alliance International, LLC, USA in 2006

Construction and Development

4

ShMehulSehgal , Delhi

(No. 18/2014-FC-I)

Proposal for setting up a LLP in India to carry out the business of processing and trading of steel with foreign capital contribution of 98% by M/s Rellek Group LLC.

Trading

5

M/s Felsomat India Private Limited, Bangalore

(No. 26/2014-FC-I)

Proposal seeking Post-facto approval for allotment of equity shares towards preliminary expenses of ₹ 1,00,000 for the incorporation of the company.

Manufacturing

6

M/s BIESSE Manufacturing Company Pvt Ltd, Bangalore

(No. 207/2013-FC-I)

Proposal for conversion of import payables into equity share capital.

Manufacturing

3.  The following seven (7) proposals have been deferred: 

Sl. No

Name of the applicant

Gist of the proposal

Sector

1

M/s AhlconParenterals (India) Limited, Delhi

No. FC.II 82(2012)/76(2012)

Proposal for increasing the foreign equity from 75% up to 100% through a delisting offer

Pharmaceutical

2

M/s ARKRAY Healthcare Private Limited, Mumbai

(No. 48/2014-FC-I)

Proposal for issuance of fresh equity to its existing promoter entities and purchase/ acquire the IVD business of an existing listed diagnostics company on slump sale basis.

Pharmaceutical

3

M/s HBM Private Equity India, Mauritius

(No. 216/2013-FC-I)

Proposal to purchase equity shares of M/s Marck biosciences Ltd from a domestic entity.

Pharmaceutical

4

M/s Indian Rotorcraft Limited, Mumbai

No. FC.II 87(2011)/50(2011)

Proposal for (i) undertaking final assembly of AgustaWesland’s helicopters for export to global customers or offered to Indian Civil market only and (ii) to change the name of foreign investor through a merger within the group

Defence

5

M/s UBMMedica India Private Limited, Bengaluru

(No. FC.II 365(2001)/393(2001)

Proposal seeking post facto approval for transfer of 20% equity shares from resident Indian to non-resident entity and approval for transfer of entire shares from existing foreign shareholder to another foreign entity

Print Media

6

M/s Life Positive Private Limited.

(No. FC-II 70/2013)

(No. 21/AM/2014)

Proposal for increase in Foreign Equity Participation from the existing 96% to 99% of the equity of the Company and Induction of further FDI of ₹ 4,60,75,900 by the Foreign Collaborators.

 

Print Media

7

M/s Aviation Solutions (INDIA) Private Limited, Mumbai

(No. 38/2014-FC-I)

Proposal seeking permission for 51% Foreign Direct Investment in ground handling services of Civil Aviation Sector

Civil Aviation

 

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