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August 22, 2026
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Independent PMLA proceedings require separate anticipatory bail assessment; predicate-offence protection alone cannot establish pre-arrest protection.
Protection in a predicate-offence FIR does not automatically extend to independent PMLA proceedings. Anticipatory bail in a money-laundering investigation must be assessed under the applicable PMLA condition and on the material connecting the applicant to alleged proceeds of crime. Relevant considerations include the financial trail, recorded statements, bank-account analysis, compliance with summonses, cooperation with inquiry, and the need for personal participation in evidence collection and confrontation with documentary and digital material.
August 22, 2026
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Financial accessibility for Divyangjans requires compliance standards, practical implementation measures and stronger institutional capacity across financial services.
Accessibility of financial services for Divyangjans was examined through a workshop focused on public sector banks, insurance companies, regulators and public financial institutions. Discussions covered accessibility standards, compliance requirements, legal provisions, practical implementation challenges and institutional best practices under the Sugamya Bharat initiative. Participants considered operational measures to strengthen institutional capacity, inclusivity and equitable access to financial services.
August 22, 2026
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Audit quality enhancement for small and medium auditors emphasises technology, global standards, inspection insights and stronger financial reporting.
Audit quality and financial reporting reliability were the focus of NFRA's outreach programme for small and medium audit firms. The programme promoted professional capacity-building, alignment with contemporary global standards, adoption of appropriate audit technology, and the public-interest role of the accountancy profession. Technical sessions covered audit strategy documentation, risks of material misstatement, and practical lessons from audit-firm oversight to support improved day-to-day audit practice and high-quality financial reporting.
August 22, 2026
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Cartelisation by agro-input dealer associations attracted monetary sanctions, cease-and-desist directions, and mandatory competition-compliance training for responsible officials.
Cartelisation by the two agro-input dealer associations and named individuals contravened Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002. Monetary sanctions were imposed, and association office-bearers were held liable under Section 48. The parties and liable officials were directed to cease and desist from future anti-competitive conduct and to organise competition-compliance training to promote awareness and compliance within the associations.
August 22, 2026
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Circular economy partnerships promote resilient value chains, resource efficiency and sustainable growth alongside evolving India-EU trade integration.
India-Finland circular economy cooperation is being developed through business, technology, investment and commercial partnerships supporting resource-efficient and sustainable growth. Discussions focused on competitive and resilient value chains based on circularity, traceability, resource efficiency and sustainable business practices. Circular economy principles extend beyond waste management into product design, value chains, resource use, skills development and new business models. The India-EU free trade agreement remains subject to legal review and formal ratification and is not yet in force.
August 22, 2026
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Bid rigging through pre-bid exchange of sensitive price information attracted penalties and cease-and-desist directions in tyre procurement.
Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.
August 22, 2026
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Import tariffs on Canadian products trigger potential retaliatory levies after bilateral negotiations fail to reach agreement.
Import tariffs on Canadian products are set to be imposed by the United States at a 50% rate after bilateral negotiations did not produce an agreement. The measures cover products including hockey sticks and tongue depressors and affect a limited share of Canada's annual exports to the United States. Canada has indicated possible retaliatory levies, intensifying the bilateral trade dispute.
August 21, 2026
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Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
August 21, 2026
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Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
August 21, 2026
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Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
August 21, 2026
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Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
August 21, 2026
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Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
August 21, 2026
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Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
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Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
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Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
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Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
August 21, 2026
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Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
August 21, 2026
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.

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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