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    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
    Rassense Becomes First Indian CFS Company to Cross 5,000+ Employees; On Track to Cross INR 600 Crore in Revenue
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    Hoping to work towards further expanding scope of India-Japan trade pact: Goyal
    Bajaj Finance Personal Loan Offers Limited-Time Rewards During Loan Utsav 2026
    Commerce and Industry Minister Shri Piyush Goyal Highlights India’s Growing Startup Ecosystem at India–Japan Startup Roundtable in Tokyo
    Sugar prices rise again by Re 1 per kg to Rs 65 in retail market
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August 27, 2026
Show AI Summary
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.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
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Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.
August 27, 2026
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Foreign exchange inflows through deposit and borrowing measures provided near-term rupee support amid lower crude prices.
Reserve Bank special measures relating to FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings were identified as attracting foreign-exchange inflows and providing near-term support to the rupee. The Reserve Bank became a net dollar buyer in June after two months of sales to support the rupee. The FCNR(B) window remained open until August 31, while the market outlook anticipated broader rupee depreciation over subsequent weeks.
August 27, 2026
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Preferential trade agreement exploration advances bilateral market access, pharmaceutical cooperation, investment partnerships, and diversified trade.
India-Morocco economic cooperation is expanded through the seventh Joint Commission framework, targeting deeper and more diversified trade, investment, industrial collaboration and market access across goods and services. An India-Morocco Joint Working Group is to examine bilateral trade opportunities and the feasibility of a preferential trade agreement, including tariff and non-tariff barriers, improved market access and trade facilitation. Cooperation also addresses pharmaceutical market authorisation and approval timelines, food safety, sustainable agriculture, renewable energy, artificial intelligence, healthcare, and phosphates and fertilisers.
August 26, 2026
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Hybrid cyber fraud exploits stolen smartphones and intercepted verification codes to compromise digital banking and payment accounts.
Hybrid cyber fraud combines physical smartphone theft with digital financial exploitation. Offenders obtain screen-lock credentials, steal devices and use control of the active SIM card to intercept verification codes and reset UPI and digital banking credentials. Preventive measures include withholding PINs, passwords and OTPs; avoiding storage of financial and identity records on phones; and immediately blocking the SIM card and freezing digital banking and UPI services after a theft.
August 26, 2026
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CEPA review aims to expand bilateral trade engagement, address export barriers, and support regulatory registrations for exporters.
India and Japan are considering a review of the Comprehensive Economic Partnership Agreement to make the bilateral trade framework more contemporary and expand its scope, scale and commercial opportunities. The review is linked to balanced trade and to identifying export barriers arising from procedural requirements, language issues and time involved in market access. Regulatory compliance assistance may support product registrations required for overseas markets, including costly chemical registrations and pharmaceutical registrations.
August 26, 2026
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Personal loan reward eligibility depends on successful campaign-period disbursal, alongside review of borrowing costs and repayment capacity.
Loan Utsav 2026 provides a limited-period reward bundle to eligible customers whose personal loan is successfully disbursed during the campaign period, subject to applicable terms and conditions. Personal loans are collateral-free and available subject to eligibility, customer profile, documentation and applicable loan terms. Applicants may choose a loan amount and repayment tenure based on their requirements. Extended tenures can reduce monthly EMI obligations but may increase total interest payable. Customers should review interest rates, EMI, processing charges, other loan costs and repayment capacity before accepting a loan offer.
August 26, 2026
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Deep-tech investment cooperation advances through capital corridors, innovation bridges, manufacturing integration and startup pitching platforms for cross-border growth.
India-Japan startup cooperation is proposed to advance through a deep-tech capital corridor, a two-way innovation bridge, manufacturing and technology integration, and joint startup pitching platforms. Collaboration is directed towards patient capital, early-stage research, deep-tech commercialisation, technology validation, precision manufacturing, investment and market access. The partnership also emphasises MSME integration with startups and global supply chains, co-investment mechanisms, plug-and-play infrastructure, and institutional links among universities, research institutions, incubators and industry.
August 26, 2026
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Sugar price-control measures combine raw-sugar imports, stockholding limits and export restrictions to curb retail price pressures.
Sugar price-control measures combine authorised raw-sugar imports, stockholding limits for dealers and bulk consumers, and an existing export prohibition to address elevated domestic prices. Imports are permitted within the specified period, while stockholding restrictions seek to curb speculation and hoarding. Retail prices continued to rise despite lower ex-mill prices, and the regulatory approach focuses on augmenting supply, limiting stock accumulation, and preventing export-related pressure on domestic availability.
August 26, 2026
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Alternative dispute resolution enabled settlement of long-pending disputes, alongside reporting on court administration and regulatory compliance concerns.
Legal developments include resolution of long-pending tenancy, commercial and property disputes through a special Lok Adalat mechanism, including a digitally signed international settlement. Other matters concern a challenge to a riot-related murder conviction, allegations of administrative irregularities and selective case listing, fast-track court pendency, cancellation of a recruitment process following suspected examination malpractice, fraudulent identity documents used to claim citizenship, medical-qualification standards, and opposition to uranium exploration and mining.
August 26, 2026
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MSME co-lending supports digital paperless credit delivery through rural banks for underserved rural and semi-urban enterprises.
SIDBI-RRB MSME co-lending arrangement is proposed for expansion to increase credit access for micro, small and medium enterprises in rural and semi-urban areas. The arrangement combines SIDBI's understanding of MSME credit requirements with Regional Rural Banks' local reach. SIDBI's Co-Lending Origination Platform provides an end-to-end digital credit process intended to enable faster, paperless loan processing, in-principle sanction communication, documentation and direct account disbursement without branch visits.

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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