Concessional agricultural credit supports working capital, crop diversification, allied activities, and digital expansion under the Kisan Credit Card scheme. The Kisan Credit Card-Modified Interest Subvention Scheme provides concessional institutional credit to reduce farmers' interest burdens and improve timely working-capital access. The scheme is reported to support cropping intensity, multi-season cultivation, diversified crop portfolios, timely input use, and credit discipline through the Prompt Repayment Incentive. It also supports dairy, livestock, and fisheries-based income diversification. Credit-delivery measures include collateral-free lending, digital platforms, simplified applications, coverage expansion, and awareness campaigns. State-wise data tracks operative accounts, outstanding credit, and non-performing Kisan Credit Card accounts.
Banking inclusion expands rural access while digital credit systems and payment security controls address service delivery and cyber fraud. Banking inclusion is pursued by providing banking outlets within a five-kilometre radius of inhabited villages, with branch expansion permitted subject to rural-coverage requirements and continuing assessment of uncovered areas. Agricultural credit delivery uses digital loan, beneficiary-verification, processing and claim-settlement systems. Digital payment security measures require minimum controls for payment channels and include fraud-intelligence sharing, artificial-intelligence-based identification of money-mule activity, digital lending-app analysis, cyber-incident reporting, public awareness campaigns and electronic-banking training.
Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support. Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.
Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms. Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection. MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance. Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks. Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock. Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations. Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds. Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures. Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment. Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks. Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential. The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears. Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements. Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives. Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs. GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds. Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers. PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
The Prime Minister, Dr. Manmohan Singh has inaugurated the four year long celebrations of Swami Vivekananda's 150th birth anniversary in New Delhi today. Following is the text of the PM's speech on the occasion:
"I am honoured to be present here today on this very happy occasion of the inauguration of the four year long celebration of 150th Birth Anniversary of Swami Vivekananda.
It was on a September day in 1893 that a young man from India, dressed in the traditional saffron robes of a Hindu monk, addressed the Parliament of Religions in Chicago. It was the first time he had gone abroad and it was the first time he was speaking in public. Yet his first few words beginning with his greetings to the 'sisters and brothers of America' electrified the audience and brought forth an applause that lasted for over two minutes.
Swami Vivekananda's Chicago address is a proud moment in India's history and it heralded the arrival of one of India's greatest spiritual leaders on the world stage.
Swami Vivekanandaji dedicated his life to the service of his motherland and to the spiritual awakening of Indian people. He worked to instill pride in his countrymen in their cultural heritage. He tried to build a national consciousness that was modern, rational and universal.
It is a deep honour for me to be able to offer my homage to this great noble son of India, who by his words and his work inspired millions of people in our country as well as in foreign lands.
Swami Vivekananda's dress was that of a sanyasi; his calling was that of a religious leader and profound spiritual thinker. But he was not an ordinary man and his intellect and vitality would not allow him to be confined to a life of renunciation. Swami Vivekananda was always engaged with the people and he worked for their well-being and for their betterment. He travelled the length and breadth of the country and sought to enrich Indian religious thought by emphasizing the importance of work and commitment to the people in his teachings.
Vivekananda tried to spread his ideas by speaking directly to the people, especially to the youth. He believed that the absence of self-respect was at the root of India's weakness. He exhorted the people to inculcate self-respect. He wanted every Indian to be proud of being an Indian and being capable of saying that every Indian is my brother or sister. His message broke through the shackles of caste and creed and spoke of a language of universal brotherhood.
When Mahatma Gandhi visited Belur Math on Swami Vivekananda's birthday in 1921, he said, "I have gone through his works very thoroughly, and after having gone through them, the love that I had for my country became a thousand-fold."
What Gandhiji said captures the great importance of spreading Swami Vivekananda's ideas and ideals among the youth in our country today. He personified the eternal energy of the youth and their restless quest for truth. It is entirely fitting that the Government of India has declared 12th January, the birthday of Swami Vivekananda, as National Youth Day. We must work to rekindle the eternal message of this great patriot and son of India.
To carry forward his ideas, Swami Vivekananda established the Ramakrishna Mission, an organization that would be devoted to spreading the message of his spiritual master, Ramakrishna Paramhansa, while working for the welfare of the people. It is a tribute to his vision that the Ramakrishna Mission continues to earn enormous goodwill among the people a hundred years after its establishment. The monastic order has 172 branches across the globe, of which 128 are in India. The Ramakrishna Mission is widely recognized for its commendable work in the areas of value based education, culture, health, women's empowerment, youth and tribal welfare and relief and rehabilitation.
I fervently hope that Swami Vivekananda's 150th birth anniversary will be an occasion to expand the activities and good work being done by the Ramakrishna Mission. I can assure the Mission of our government's full support and co-operation in the fulfillment of the noble mission.
The Government of India has set up a National Committee, under the chairmanship of the Prime Minister, to guide the conduct of the commemorations of the 150th Birth Anniversary of Swami Vivekananda in a befitting manner.
During its first meeting last year, a number of constructive suggestions were made for events and activities to popularize the teachings of Swami Vivekananda during this anniversary year. These suggestions include the publication of his complete works, international conferences and seminars on his teachings, establishing chairs in universities, annual lectures, encouraging research in inter-faith dialogue and involving states and local organizations in commemorating Swami Vivekananda's travels in India. I expect that these ideas would soon be translated in to concrete plans of action which could be ready for implementation by the year 2013.
The Government of India has already approved a film on Swami Vivekananda by the Public Service Broadcasting Trust.
We should make special efforts to commemorate Swami Vivekananda's Address in Chicago. I understand that there is a plaque placed at the spot in the Art Institute of Chicago where the historic address was delivered and that the City of Chicago has also named the stretch of the Avenue on which the Art Institute of Chicago is located as the Swami Vivekananda way. We are working on a suitable commemorative event in Chicago.
Swami Vivekananda had very definite and enlightened views on education. He conceived of education as the primary means of rebuilding Indian society. He once said:
'The education which does not help the common mass of people to equip themselves for the struggle for life, which does not bring out strength of character, a spirit of philanthropy, and the courage of a lion - is it worth the name? Real education is that which enables one to stand on one's own legs.'
Our government has approved in principle a grant of Rs. 100 crores for a "Value Education Project" of the Ramakrishna Mission. I sincerely hope that the project will help to inculcate in our children a moral compass and a value system that provides a bulwark against the tide of commercialism and consumerism that is sweeping our societies.
I wish to end by returning to the life and message of Swami Vivekananda. He was born when India was under colonial subjugation but was never overcome with either despondency or cynicism. He confronted reality and worked tirelessly to change it. He said:
'To succeed, you must have tremendous perseverance, tremendous will. "I will drink the ocean," says the persevering soul, "at my will mountains will crumble up." Have that sort of energy, that sort of will, work hard, and you will reach the goal.'
Swami Vivekananda believed in the people of India. We need to rededicate ourselves to that belief and to his mission of building a self-confident India where each citizen has the right to his or her own self-respect, dignity and well being. With these words I once again express my great happiness for being present on this very auspicious occasion."
National Committee to guide commemorations, promote value education and institutionalize Vivekananda's social and cultural initiatives.
The Government of India has established a National Committee, chaired by the Prime Minister, to guide four years of commemorative activities for Swami Vivekananda, translating suggestions-publication of his works, international conferences, university chairs, annual lectures, research in inter faith dialogue, state and local involvement, and a commemorative event in Chicago-into implementable plans; government approval in principle extends to a Value Education Project of the Ramakrishna Mission and to a film project, with an express assurance of support and cooperation to expand the Mission's welfare, education, health and outreach programmes.
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