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    Rupee falls 8 paise to 95.38 against US dollar in early trade
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August 11, 2026
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Rupee exchange-rate pressure intensified as crude oil, regional uncertainty and weaker equities constrained the local currency in early trade.
Foreign-exchange market conditions placed the rupee under pressure against the US dollar amid West Asia uncertainty, higher crude oil prices, and weaker domestic equity markets. Foreign institutional investor inflows and Reserve Bank of India intervention supported the rupee and limited further depreciation. Reported dollar sales through state-run banks helped contain downside pressure despite rising Brent crude prices and uncertainty concerning the Strait of Hormuz.
August 10, 2026
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GST refund facilitation expands provisional input tax credit refunds and removes the minimum threshold for export-related IGST refunds.
Punjab's GST amendments facilitate voluntary compliance and reduce procedural burdens by allowing a 90 per cent provisional input tax credit refund in inverted duty structure cases and removing the minimum threshold for IGST refunds on exported goods. Additional measures cap annual fee increases by private unaided educational institutions, establish digital open universities for technology-enabled higher education, protect trees and green cover, and address common infrastructure, panchayati raj, and contractual engagement of outsourced State personnel.
August 10, 2026
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Video-conference statements for an approver application were declined, requiring the accused's statement to be recorded before consideration.
Special CBI Court rejected an accused's request to record her statement through video conferencing in a bank-fraud prosecution. The accused had sought to become an approver, and her statement was required to be recorded before consideration of that application. She and her husband had previously become approvers in a related money-laundering matter involving alleged fraudulent Letters of Undertaking.
August 10, 2026
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Fuel price transparency highlights allegations over excise duty, consumer retail costs, and profit disclosures by state-run oil marketing companies.
Fuel pricing, central excise duty and profits of state-run oil marketing companies are examined through allegations that retail fuel prices and tax policy imposed excessive costs on consumers while generating substantial company profits. The criticism contrasts high crude-price periods with lower retail prices and lower excise duty against a later period in which reduced crude prices were allegedly not passed through to consumers. Profit-margin disclosure is also raised as a transparency issue, with parliamentary information described as covering oil prices, global crude prices and company profits.
August 10, 2026
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Discharge in money-laundering proceedings turns on whether pre-charge material sufficiently establishes the alleged offence.
Discharge in a money-laundering prosecution was sought before a special PMLA court concerning alleged siphoning and laundering of loans advanced to Jet Airways by Canara Bank. The prosecution was directed to respond, subject to the applicant not seeking adjournment. Discharge is available after filing of a chargesheet and before framing of charges where the material before the court is insufficient to establish the alleged offence. The proceedings arise from a CBI FIR concerning alleged bank fraud involving Jet Airways and associated persons.
August 10, 2026
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High-speed rail indigenisation and infrastructure performance monitoring require skills development, comparative planning, measurable station assessments and freight-terminal dashboards.
Parliamentary oversight calls for accelerated indigenisation of high-speed rail components, capacity-building through international expertise, and comparative study of successful high-speed rail systems for future corridors. Redeveloped stations should be assessed through measurable indicators concerning passenger use, accessibility, cleanliness, commercial occupancy, maintenance and feedback, with completed-project practices documented and shared. Operational cargo terminals and cargo-related facilities should be monitored through a digital dashboard covering utilisation, rake performance, mechanisation, connectivity, safety compliance and customer satisfaction.
August 10, 2026
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MSME and export promotion framework expands finance, technology, infrastructure, sustainability and global-market support for enterprise growth.
Haryana Progressive MSME and Export Promotion Policy 2026 creates a five-year framework for MSME growth through financial incentives, institutional support, industrial infrastructure, technology adoption and export facilitation. Identified thrust-sector enterprises may receive capital and interest subsidies, stamp duty reimbursement, employment assistance, insurance support, and incentives for automation, artificial intelligence, testing and research. Proposed venture capital and credit guarantee funds seek to improve institutional and collateral-free finance. Export support covers international certifications, credit, insurance, freight, e-commerce, trade fairs, documentation, compliance and buyer connections, alongside sustainability and inclusive entrepreneurship measures.
August 10, 2026
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Employee data exposure alerts trigger review of alleged password spraying and MFA fatigue, with customer and operational systems unaffected.
Employee data exposure alerts prompted TCS to review allegations concerning limited basic employee information that appears to be more than four years old. No indication exists that customer data, customer systems, or operational systems have been affected. The alleged vectors involve password spraying and multi-factor authentication fatigue. TCS states that safeguards against these techniques have been in place for more than two years, its controls remain effective, and monitoring and further assessment will continue.
August 10, 2026
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Mustard honey export demonstrates FPO-led aggregation, quality-focused production and industry collaboration for international agricultural market access.
Mustard honey export from Tripura to Dubai marks the first international shipment by Dergang Farmer Producer Organisation, supported through export-oriented aggregation and market linkage initiatives. The export creates overseas market access for local beekeepers and farmers, diversifies the honey value chain, and encourages quality-focused production. Industry collaboration supported bee production and an export-oriented supply chain, while capacity building, quality assurance, value addition and market linkages can strengthen agricultural exports and farmer participation in international markets.
August 10, 2026
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Digital banking evidence gains recognition through a modernised framework for physical and electronic records, with privacy and security safeguards.
The Bankers' Books Evidence Bill, 2026, modernises the evidentiary framework for bankers' books by permitting banking records to be produced in physical or electronic form in legal proceedings. It recognises electronic, digital and virtual records and enables the Central Government to extend the regime to other regulated financial entities, supporting a uniform financial-sector evidentiary framework. The framework seeks secure and transparent use of banking records while safeguarding customer privacy, confidentiality and data security.
August 10, 2026
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Illicit opioid medicine exports exposed through concealed cargo, clandestine manufacturing, repacking, and attempted transnational trafficking to Nigeria.
Illicit manufacture and attempted export of controlled opioid medicines were detected in a network producing, concealing, storing and exporting Tramadol Hydrochloride tablets to Nigeria. A consignment declared as Pregabalin capsules contained concealed Tramadol Hydrochloride and Tapentadol tablets. Investigation identified clandestine manufacture, repacking and preparation for export, with searches yielding tablet-compression machinery and raw materials. Tramadol is a psychotropic substance under the Narcotic Drugs and Psychotropic Substances Act, while Tapentadol is regulated under the Drugs and Cosmetics Act and its rules.
August 10, 2026
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Summons compliance under anti-money-laundering law faces appellate scrutiny after acquittal over unproven email service allegations.
Delhi High Court required Arvind Kejriwal to reply to Enforcement Directorate petitions challenging his acquittal in proceedings concerning alleged non-compliance with summonses. The trial court found that the agency had not proved intentional disobedience, service of summons through email, or lawful issuance of electronic summons under the Prevention of Money Laundering Act. The appellate challenge concerns proof of service, validity of electronic summons, and intentional non-compliance.
August 10, 2026
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Pesticide residue concerns drive organic farming, school agriculture initiatives, infrastructure financing and climate-resilience support for farmers.
Food-safety concerns arising from pesticide residues and toxic substances are to be addressed through organic vegetable farming, household cultivation and the Kathir school-farming initiative. Kathir provides for institutional farming, teacher and committee support, markets, student training and clubs, with possible academic weightage for agricultural participation. Agricultural infrastructure financing supports post-harvest management, value addition, processing, packing, marketing and exports. Additional measures include banking support, agricultural technology adoption, women-farmer support and schemes addressing climate-related floods and drought.
August 10, 2026
Show AI Summary
Digital EODC processing removes physical duty challans through authenticated payment verification for export authorisation closure.
Export Obligation Discharge Certificate processing under the Advance Authorisation and Export Promotion Capital Goods schemes no longer requires physical duty-payment challans for voluntary customs-duty payments made on or after 1 August 2026. Authenticated licence-wise payment information is electronically transmitted from Customs/ICEGATE to DGFT systems and mapped to the relevant authorisation. Exporters can verify payment details on the customer portal, while Regional Authorities use corresponding back-office records, replacing manual submission and verification for authorisation closure.
August 10, 2026
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Trusted service-call numbering requires verified utilities and logistics entities to use dedicated numbers exclusively for transactional and service communications.
The 1601-series is introduced for verified utilities, courier and logistics entities making service and transactional voice calls. Numbers must be allocated directly to eligible entities, not intermediaries or aggregators, following verification by telecom service providers and an undertaking of exclusive use. Promotional voice calls are prohibited on this series and remain associated with the 140-series. The framework separates these calls from the 1600-series reserved for regulated financial-sector and government-to-citizen communications, supporting consumer recognition of legitimate calls and reducing impersonation risks.
August 10, 2026
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GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
August 10, 2026
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Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
August 10, 2026
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Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
August 10, 2026
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Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
August 10, 2026
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Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.

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News and Press Release

Delhi Budget 2015-16 – Highlights

July 1, 2015

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1.     Budget of Government of NCT of Delhi in 2015-16 is proposed at ₹ 41129 crore

  • Plan Budget   ₹ 19000 crore
  • Non-Plan Budget   ₹ 22129 crore

2.     The total estimated expenditure of  Rs. 41 129 crore in 2015-16 is 18 per cent higher than the Revised Estimates of ₹ 34790 crore in 2014-15.

3.1   This is the first ''Swaraj Budget'' of the Country based on valuable inputs, suggestions  of the citizens, academicians, subject matter experts, trade organizations. RWAs, civil society, Corporate sector etc. It is India's first Participatory Budget.

3.2    A new initiative "Swaraj Fund" with a budget provision of ₹ 253 crore is proposed to be created enabling the citizens to prioritize implementation of programmes selected  by them for the development of their area.

3.3   An allocation of ₹ 20 crore is proposed for each of the  11 Assembly Constituencies as a pilot under Swaraj Fund. For remaining  59 Assembly Constituencies an amount of ₹ 50 lakh each is proposed.

3.4   Delhi government accorded the right to the citizens to take the decisions in the process of governance.

4.     A new agency "Delhi Urban Development Agency (DUDA)" is proposed to he set up in each Revenue District to execute the works recommended by Citizens under Swaraj Fund and Hon'ble MLA under MLA Fund.

5.     Total financial support of Rs.  5908 crore is proposed to the local bodies in 2015-16 which is 14.4% of the total budget.

6.1   Government has initiated the process of city governance system and delivery of public services in a most transparent and efficient manner to weed out graft and to make Delhi the first corruption-free State.

6.2   To eliminate possible corruption in issuance of various certificates at the SDM's office Government has launched the e-district services.

7.     Government has taken significant measures like reducing electricity hills. Supplying free `lifeline' water upto 20,000 litre per month for betterment of the life of citizens. An amount of ₹ 1690 crore for subsidy is proposed.

8.     Government of Delhi has decided to create buffer stock of onion & potato and will release it in the market during scarcity of the commodity.

9.     Free Wi-Fi services shall be launched in all colleges and rural areas during 2015-16.

10.    A High power committee has been constituted to review the existing licensing System and to suggest measures to simplify the process. The recommendations of this committee shall be submitted by 31st  July, 2015.

11.   Delhi will soon become the most preferred location for doing business because of case and speed of decision making.

12.   To coordinate requests from International Organizations and other Governments of the World a cell in Finance & Planning Department will be set up.

13.1  Education is the first priority of the government. An amount of ₹ 4570 crore under plan is proposed in 2015-16.  It is more than 106% more than the last year's expenditure of Rs.  2219 crore. It is for the first time in the country, any government  doubled outlay on education.

13.2   Agenda of the government is to provide modern facilities and infrastructure in all 1011 government schools.

13.3   50 schools  will  be  developed  as  Model  Schools  with  modern  facilities and infrastructure. Subsequently all schools to become Model schools. 236 new schools planned.

13.4   CCTV cameras in all the classrooms of government schools will be installed.

13.5   It is expected to recruit 20,000 regular teachers by the end of year to improve student-teacher ratio.

13.6    A Higher Education & Skill Development Guarantee Scheme will be launched. wherein students can get education loan upto  Rs. 10 lakh without any collateral or margin money.

13.7   The interest rates shall be lower than the usual interest rates for educational loan to female students.

13.8   To encourage sports activities the Government has launched the `Pay and Play scheme,' under which common man can avail the facilities in government sports complexes and stadia on nominal user charges.

13.9   Delhi government is working to set up a Skill University for vocational and skill development diploma / degree courses. An amount of' ₹ 310 crore proposed for promotion of Vocational education.

13.10  It is planned to give two certificates to every student when he / she passes 10+2 – one for general education and the other for skill education.    

13.11  Increase in intake capacity of each Government polytechnic planned for 100 seats.

13.12  It is proposed to open three new ITIs in Ranhola. Chhatarpur  and  Bakkarwala. Five new Polytechnics are proposed to be set up; one each in North. North East, Central. New Delhi and West districts of Delhi.

13.13  Netaji Subhash Institute of Technology will he upgraded into a University. It will enhance the student strength from 3000 to 12000 over a period of five years.

13.14  Incubation centre will be setup in Universities & Colleges to promote Research & Development.

14.1    Three new hospitals with total bed capacity of 1800 are planned at Nangloi, Siraspur and Madipur.

14.2    It is planned to remodel and upgrade 11 existing hospitals which will add  4000 more beds in next two years.

14.3    Government is planning to set up 500 "Mohalla Clinic" in all parts of Delhi in the current financial year.

14.4    Five centralized labs with modern facility will be set up in North, South, East, West and Central Delhi to provide diagnostic services to the patients visiting Mohalla Clinic.

14.5    Government is planning to set up an Advance Trauma Care Centre in LN Hospital for sports injury rehabilitation with 100 trauma beds including ICU and OT facilities.

14.6    Online booking of free bed facility in 42 private hospitals for the economical weaker sections is to be made available.

14.7    To maintain health data, record of registration and treatment at different  Hospitals  of Delhi Govt., Health Card to be issued individually.

14.8    Free  medicine  will  be  provided  to  the  citizens  of Delhi  through  charitable clinics/dispensaries.

15.1    Government will procure about 1380 semi low floor buses. 500 midi buses for DTC. Around 1000 more buses under Cluster scheme will be deployed by the end of 2016.

15.2     It is  proposed  to  bring 10.000   buses  of different  specifications,  to  meet  the differentiated needs of commuters, from the private sector under the PPP Cluster scheme.

15.3     About 5500 new auto permits are being released for plying in the NCR.

15.4    It is proposed to construct about 1200 new Bus Queue Shelters.

15.5     About 304 new Mini buses on 64 Metro Feeder routes to be inducted in the current year.

15.6    In order to provide last mile connectivity. Govt. is promoting e-Rickshaw in Delhi. Subsidy of Rs.  15000 on purchase of e-Rickshaw will be provided.

15.7    Delhi Government has made it mandatory for all public transport vehicles including taxis and autos to install GPS for tracking of the vehicle.

15.8    It is proposed to install CCTV cameras in all DTC and Cluster buses.

15.9    Delhi Government has decided to depute marshals in all DTC and Cluster buses to allay the fear of crime and reassure the women commuters of safety and security.

15.10  Passenger Information System to provide real-time information will be introduced.

16.1    Delhi Government is planning to start six Working Women Hostels with active participation from the private sector.

16.2    Government is planning to provide 300 creche facilities in slums and  JJ clusters under Integrated Child Development Scheme.

16.3    Construction of new Old Age Homes is proposed to be started in the current year at Kanti Nagar, Chittranjan Park, Rohini, Paschim Vihar and Chattarpur in Phase I.

16.4    Delhi Government has decided to give compensation of  Rs. 1 crore to the family of Defence Personnel, Paramilitary Force Personnel who have sacrificed their lives while on duty and who are residents of Delhi. The same amount of compensation  will also be given for the sacrifice made by Delhi Police, Delhi Home Guards. Delhi Civil Defence Personnel while discharging their duties.

16.5    Government decided to give ex-gratia relief to the farmers at the rate of  Rs. 20000 per acre to compensate the crop damage caused due to unreasonable rain.

16.6    Shramik Vikas Mission has been launched to ensure payment of notified minimum wages, better welfare facilities to the construction workers and their families.

17.1     A new Water Treatment Plant will be set up in Iradatnagar and existing water treatment plants at Chandrawal and Wazirabad  will be rehabilitated to increase the water production to meet the rising demand of the city.

17.2     A new portal "Public Monitoring of Water Tankers" has been launched enabling people for effective, continuous and strict monitoring of water tankers. More than 400 tankers have been fitted with GPS and water sensors and their movement is being monitored continuously through a web based system.

17.3     A new scheme, "Jan Jal  Prabandhan Yojana" will be launched to involve the community in management of water and sewerage services in a decentralized manner.

17.4     A mobile app will be launched for "Self Meter Reading  and Bill Generation”  to provide water and sewer services to citizens in efficient and friendly manner.

18.      To check unauthorized construction in future, GSDL, will provide satellite image data on  a  regular  interval  to  Revenue  Department  with  clearly  marking  any  new encroachment   /  unauthorized construction  for appropriate action  by  authorities concerned.

19.      An Energy Conservation Fund will be created in the current financial year to finance Energy Efficient Projects and Street Lighting etc.

20.1    To improve air quality about 12  lakh saplings will be planted in the current financial year by all concerned Government Agencies.

20.2    To promote eco-friendly transport in NCT of Delhi  owners of newly purchased Battery operated 4 wheelers and 2 wheelers will be given subsidy by Government of Delhi, in addition to subsidy introduced by Govt. of India.

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