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September 3, 2026
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Money laundering investigation examines alleged diversion of bank loans from a power project to group entities and personal use.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
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Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
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September 3, 2026
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Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
September 3, 2026
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Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
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Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
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Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
GIFT-IFSC's IBUs mobilised foreign-currency liquidity under the RBI's FCNR(B) deposit swap facility, with 20 IBUs sanctioning USD 54.02 billion and disbursing approximately USD 52.82 billion as at 31 August 2026. Between April and August 2026, IBUs disbursed USD 11.62 billion in External Commercial Borrowings, while Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges. These activities support cross-border financing, international capital-market access and foreign-exchange inflows.
September 3, 2026
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Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
Operational leadership for bilateral economic engagement is strengthened through the appointment of Shuchita Sonalika as the first Chief Operating Officer of the Canada-India Business Council. The appointment is directed toward enhancing the council's capacity to support expanding investment and economic relations between Canada and India, in coordination with its board, members and partners. Sonalika brings international affairs experience in advancing India's economic partnerships across global markets.
September 3, 2026
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Regulatory certainty and compliance reforms support investment facilitation, infrastructure development, MSME credit access, and reduction of bank non-performing assets.
Regulatory certainty, ease of compliance and investment facilitation are identified as central elements of India's economic reform orientation. The Insolvency and Bankruptcy Code is included among reforms supporting regulatory certainty, reduced paperwork and easier compliance. Policy priorities include infrastructure development, artificial intelligence and data centres, credit access for MSMEs, reduction of banks' non-performing assets, fiscal discipline, and investment facilitation by central and state governments.
September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
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September 2, 2026
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Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
Foreign capital inflows and modest foreign institutional equity purchases supported rupee appreciation against the US dollar despite weak domestic equities, elevated crude oil prices and a stronger dollar. RBI monitoring and apparent currency-market intervention supported the rupee amid risk aversion, higher US Treasury yields and concerns over crude supply disruptions. Forthcoming US employment data remained relevant to dollar and rupee direction.
September 2, 2026
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Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
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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.
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September 2, 2026
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Legal and regulatory issues include safeguards for arrest and detention of transgender persons, consultation requirements in Bar Council policy-making, and procedural accountability in electoral administration and policing. Personal insolvency proceedings raise questions about tribunal powers to constitute an expanded bench. Hospitality operators are expected to comply strictly with food-safety and hygiene norms. Proposed restrictions on minors' social-media accounts address cyberbullying, online exploitation, and harmful screen exposure.
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.
September 2, 2026
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Double deflation explains negative manufacturing GVA deflators when input prices rise faster than output prices.
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September 2, 2026
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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.

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Customs, DGFT & SEZ

India Pavilion in Hannover Messe 2015 to incorporate core sectors of Make in India

March 23, 2015

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India partner country at Hannover Messe 2015

Large scale participation is being made by India in Hannover Messe 2015, by branding the Make in India slogan of the Government in a widespread manner in Germany and other neighbouring European countries. Speaking to the media persons at a Press Conference, the Minister of State for Commerce & Industry (Independent Charge), Smt. Nirmala Sitharaman said that the India Pavilion is being constructed by the Department of Industrial Policy and Promotion (DIPP) to project India’s brand image by incorporating many of the key core sectors of the Indian portfolio forming part of the Make in India campaign.

The Minister further said that India is gearing up to take advantage of the status of Partner Country given by Hannover Messe for the 2015 participation. The Hannover Fair attracts nearly two lakh global leaders in business, technology, industrial scientists and policy makers.  The Fair would be held in Germany from April 13-17, 2015. 

By adopting the theme of Make in India, the country is branding strongly in the forthcoming fair in Germany during April 2015. Apart from over 100 CEOs of top companies confirming to participate in the fair, more than 300 Indian companies are also participating as exhibitors in the various sectors forming part of the Fair. The Government has made Export Promotion Council for Engineering Exports (EEPC India) the lead agency. CII and FICCI are the other partners associated. The Prime Minister Shri Narendra Modi would be reaching out the global business and technology leaders on the new initiatives of the Indian Government for doing business in India and to support this, various Ministries like the IT, Skill Development and Entrepreneurship, Heavy Industry etc. would be hosting seminars on topics relevant to the new Government’s initiatives.

Some of the highlights of India’s participation in HM 2015 are:

  • ‘Make in India’ the flagship programme of the Government to develop and market India to global investors has been decided as the theme for participation.
  • Since India is the Partner Country, branding / publicity for projecting India’s participation as also highlighting the ‘Make in India’ is being done extensively at Hannover city / airport / fairground etc.
  • About 300 Indian companies including public sector giants would be participating in the five - day fair, seeking technology collaborations, business tie-ups and showcasing India’s capabilities in global trade. India was a Partner Country at the Hannover Messe last in 2006.
  • Indian Government is seizing the participation in the fair as an opportunity to increase its global presence in commodities & services, apart from utilizing the event for attracting investments into India as part of the ‘Make in India’ 
  • Prime Minister would be present for the inaugural function on 12th April, 2015 evening as also during the forenoon of 13th April 2015.
  • Prime Minister would be utilizing this opportunity to reach out to the world about India’s initiatives in doing business and opening up of FDI regime etc.
  • Inauguration of the fair would be jointly done by Chancellor and PM on 12th April, 2015 in the evening since India is the Partner Country.
  • On 13th April, 2015, Chancellor and PM would be opening the India Pavilion in Hall No. 6 and this would be followed by a joint Walk Through of selected stalls of India and Germany.
  • After the ‘Walk Through’ Chancellor and Prime Minister jointly would attend the inaugural session of Indo-German Business Summit which would be attended by hundreds of CEOs from both Germany and India. Make in India is the topic for discussion in IGBS.
  • India is participating with more than 300 companies in the 10th Sectoral Core Themes of HM 2015 (like energy, wind, industrial automation, industrial supply etc.)
  • More than 100 top CEOs are participating and they would be interacting with the German CEOs as part of the IGBS, as also have one to one interaction for developing business opportunities.
  • Apart from IGBS India is hosting 6 Seminars to highlight the new initiatives of the Government and seeking induction of German technology / investment on the following topics; the key officials of the concerned Ministries of GoI would be involved in these seminars:
  • New sunrise in electronics and electricals
  • Smart Cities - the Urban Challenge
  • Renewable Energy
  • Strategy for skilling India
  • Heavy Engineering & Motion Drive and Automation
  • Digital India
  • 12 State Governments have confirmed participation and the State Pavilion, adjacent to India Pavilion, has been created to display the State profile. The States of Maharashtra, Andhra Pradesh, Punjab, Gujarat, Rajasthan and U.P. are separately hosting investments seminars during the fair.
  • India is hosting the Partner Country Night on 15.4.2015 in which CIM would be inviting participants.
  • To demonstrate India-Germany linkage in Yoga, Yoga display is being made on all the five days of the fair.

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