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    Rs 53 lakh cr transferred to govt beneficiaries through DBT, mostly to Jan Dhan accounts in 12 years
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    Jio Platforms gets Sebi nod to launch IPO
    PM Jan Dhan Yojana has had unparalleled impact, transformative outcomes: PM Modi
    Bajaj Finance Personal Loan Offers Flexible Repayment Options with Loan Utsav 2026 Benefits
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    Senior citizen threatened with terror funding case probe, duped of Rs 7.2 crore
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    ED freezes assets worth Rs 33 crore after raids against Gurugram realty group
    CARD91 Launches SpendFlow, a Commercial Card Platform Built for Enterprise Requirements
    Will talk to Japan on increasing basmati rice exports from India: Goyal
    Will consider Air India's biz strategy, other factors before deciding on additional fund requests: Singapore Airlines
    Commerce and Industry Minister Shri Piyush Goyal Concludes Japan Visit; Calls for Greater Japanese Investment and Stronger Industrial Partnerships wit...
    PM Jan Dhan Yojana Completes 12 Years of Transforming India’s Financial Inclusion Landscape
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August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
Show AI Summary
Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.

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Customs, DGFT & SEZ

Data on ECB/FCCB for September 2010

December 1, 2010

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The Reserve Bank of India has released the data on External Commercial Borrowings (ECB) and Foreign Currency Convertible Bonds (FCCB), both through Automatic Route and Approval Route, for the month of September 2010.

Data on ECB/FCCB for the month of September 2010

* I AUTOMATIC ROUTE

 

ECB/ FCCB

Borrower

Equivalent Amount in USD

Purpose

Maturity Period (Appx)

1

ECB

Acclaris Business Solutions Pvt. Ltd.   #

538,726

Modernisation

6 Years 10 Months

2

ECB

Dozco (India) Pvt. Ltd.    #

1,000,000

General Corporate Purpose

3 Years

3

ECB

Dozco (India) Pvt. Ltd.    #

500,000

General Corporate Purpose

3 Years 10 Months

4

ECB

Dozco (India) Pvt. Ltd.    #

1,150,000

General Corporate Purpose

3 Years 1 Month

5

ECB

Dozco (India) Pvt. Ltd.    #

1,200,000

General Corporate Purpose

3 Years 6 Months

6

ECB

Rosti Technical Plastics (India) Pvt. Ltd

5,000,000

Import of Capital Goods

4 Years 9 Months

7

ECB

Divekar Wallstabe & Schneider Precision Seals  Pvt. Ltd.

1,534,624

Rupee Expenditure Local Capital Goods

5 Years 7 Months

8

ECB

Johnson Matthey India Pvt. Ltd.

7,304,816

Import of Capital Goods

3 Years 4 Months

9

ECB

Jhajjar Power Ltd.

100,000,000

Power

13 Years 2 Months

10

ECB

IPCA Laboratories Ltd. 

10,000,000

Rupee Expenditure Local Capital Goods

4 Years

11

ECB

Tag Offshore Ltd.

5,200,000

Import of Capital Goods

8 Years 4 Months

12

ECB

Johnson Matthey Chemicals (India) Pvt.Ltd

6,261,271

Modernisation

3 Years 3 Months

13

ECB

Coromandel International Ltd.

10,000,000

Rupee Expenditure Local Capital Goods

5 Years 4 Months

14

ECB

Inox Air Products Ltd.

8,000,000

Rupee Expenditure Local Capital Goods

6 Years 1 Month

15

ECB

Krishna Ishizaki Auto Ltd.

2,959,922

Import of Capital Goods 

8 Years 8 Months

16

ECB

Westfalia Metal Components India Pvt. Ltd.

260,886

New Project

4 Years 2 Months

17

ECB

Torrecid India Pvt. Ltd.

500,000

Rupee Expenditure Local Capital Goods

3 Years 1 Month

18

ECB

Posco Maharashtra Steel Pvt. Ltd.

143,000,000

Import of Capital Goods

8 Years 1 Month

19

ECB

Jhajjar Power Ltd.

188,000,000

Power

13 Years 1 Month

20

ECB

Advik Hitech Pvt. Ltd.

2,500,000

Rupee Expenditure Local Capital Goods

5 Years

21

ECB

Nagata India Pvt.Ltd. 

1,101,979

Import of Capital Goods

5 Years

22

ECB

HPCL Mittal Energy Ltd.

43,639,494

New Project

10 Years 1 Month

23

ECB

Supreme Industries Ltd 

10,000,000

Import of Capital Goods

4 Years

24

ECB

TVS Energy Ltd.

10,763,461

New Project

11 Years

25

ECB

Alkem Laboratories Ltd.

15,000,000

Rupee Expenditure Local Capital Goods 

4 Years

26

ECB

Ampacet Speciality Products Pvt. Ltd.

6,522,157

Import of Capital Goods

5 Years 7 Months

27

ECB

Triton Valves Ltd.

3,200,000

Rupee Expenditure Local Capital Goods

5 Years

28

ECB

Dhunseri Petrochem & Tea Ltd.

36,000,000

Modernisation

9 Years 1 Month

29

ECB

Power Finance Corporation Ltd.

240,000,000

Power

6 Years 1 Month

30

ECB

Mapal India Pvt.Ltd.

652,216

New Project

4 Years 4 Months

31

ECB

Honda Siel Cars India Ltd.

20,000,000

Rupee Expenditure Local Capital Goods

3 Years 4 Months

32

ECB

Aurobindo Pharma Ltd.

40,000,000

Modernisation

5 Years 3 Months

33

ECB

Powerica Ltd.

10,000,000

Power

3 Years

34

ECB

Rane Brake Lining Ltd 

4,200,000

Modernisation

5 Years

35

ECB

Ensto India Pvt. Ltd.

456,551

New Project

5 Years

36

ECB

Jay Shree Tea & Industries Ltd.

10,000,000

Rupee Expenditure Local Capital Goods

3 Years 3 Months

37

ECB

NTN NEI Manufacturing India Pvt.Ltd

2,723,128

Import of Capital Goods

6 Years 1 Month

38

ECB

Positive Packaging Industries Ltd

3,000,000

Modernisation

5 Years

39

ECB

Sterling Agro Industries Ltd.

17,167,548

Power

5 Years 11 Months

40

ECB

Citrix R&D India Pvt Ltd.

2,400,000

Modernisation

6 Years 11 Months

41

ECB

Foods Fats & Fertilizers Ltd.

3,300,000

Rupee Expenditure Local Capital Goods

5 Years

42

ECB

Baxter (India) Private Limited.

25,720,000

Rupee Expenditure Local Capital Goods

12 Years 2 Months

43

ECB

Nagarjuna Fertilisers & Chemicals Ltd.

12,431,673

Power

8 Years 6 Months

44

ECB

Star Panel Boards Ltd.

1,434,875

Import of Capital Goods

4 Years 1 Month

45

ECB

Ceekay Daikin Ltd.

4,200,000

Rupee Expenditure Local Capital Goods

4 Years 9 Months

46

ECB

Asian Hotels (North) Ltd.

53,000,000

Overseas Acquisition

8 Years 1 Month

47

ECB

Himadri Chemicals & Industries Ltd.

9,175,759

Power

9 Years 11 Months

48

ECB

Adani Power Ltd.

25,000,000

Power

6 Years 4 Months

49

ECB

Inox Air Products Ltd.

12,000,000

Rupee Expenditure Local Capital Goods

6 Years 1 Month

50

ECB

Bajajsons Limited

2,750,000

Rupee Expenditure Local Capital Goods

5 Years 3 Months

51

ECB

Riddhi Siddhi Gluco Biols Ltd.

10,112,278

Rupee Expenditure Local Capital Goods

9 Years 7 Months

52

ECB

Sangsin Brake India Pvt. Ltd.

2,500,000

Import of Capital Goods

4 Years

53

ECB

BMW India Pvt. Ltd.

19,566,472

Modernisation

4 Years

54

ECB

Mobis India Limited

20,000,000

Rupee Expenditure Local Capital Goods

3 Years 1 Month

 

 

Automatic Route Total

1,172,927,837

 

 

* Based on Form 83 submitted for allotment of Loan Registration Number

# clarifications sought from the company in regard to conformity with end-use requirement, eligibility of the borrower and other parameters of ECB

 

II APPROVAL ROUTE

1

ECB

LCP Building Products Pvt.Ltd.

449,256

Construction of Factory Building

9 Years 1 Month

2

ECB

Agilent Technologies (International) Pvt.Ltd.

2,000,000

Rupee Expenditure Local Capital Goods

4 Years

3

ECB

Rural Electrification Corporation Ltd.

400,000,000

Power

5 Years

4

ECB

IDEA Cellular Ltd.

150,000,000

Refinance of INR loan 3-G Spectrum Fee

5 Years 1 Month

5

ECB

Reliance Industries Ltd.

1,000,000,000

Import of Capital Goods and Services

7 Years 1 Month

6

ECB

Indian Railway Finance Corporation Ltd.

350,000,000

Rupee Expenditure Local Capital Goods

5 Years

7

ECB

Cashpor Micro Credit

652,216

Onward/Sub-lending.

8 Years 1 Month

8

ECB

Ocean Sparkle Ltd

15,000,000

Import of Capital Goods

7 Years 2 Month

 

 

Approval Route Total

1,918,101,472

 

 

 

 

Grand Total

3,091,029,309

 

 

Topics

Acts Income Tax