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    Build Credit Awareness with a Free Credit Score Check from Bajaj Finance
    CARD91 Introduces Five-Point Credit Lifecycle Consistency Framework for Credit Line on UPI
    RBI's Proposed Shift from Revolving Credit to Term Loans: SwiffyLabs Lending Platform Already Supports the New Construct
    The US and Canada could pull back from an all-out trade war. It's not clear that they will
    Indian Community in Japan Playing Key Role in Strengthening India-Japan Ties: Commerce and Industry Minister Shri Piyush Goyal
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August 26, 2026
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Credit awareness through regular score and report review supports responsible borrowing, error detection, and informed credit management.
Free online access to the Credit Pulse Report is available through the Bajaj Finance website. Users verify their registered mobile number through OTP authentication, provide identifying particulars including PAN and date of birth, and then view the available credit score. The report may be reviewed and downloaded to examine repayment history, active credit accounts, recent enquiries and other recorded credit information. Periodic review can help identify unfamiliar accounts, inaccurate repayment records, overdue amounts, unupdated information and changes in credit utilisation.
August 26, 2026
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Credit lifecycle consistency requires facility-specific treatment so UPI-linked credit records, repayments and customer obligations remain aligned.
CARD91's Credit Lifecycle Consistency Framework calls for facility-specific treatment of Credit Line on UPI transactions and continuing credit events. Credit limits, outstanding balances, repayments, refunds, reversals and EMI conversions should be accurately connected to the relevant customer account and applied according to the underlying facility's terms. Bank policy, customer consent, transaction controls and portfolio actions should remain aligned. Customer-facing applications, statements and alerts should consistently reflect available credit, outstanding obligations and repayment schedules, while disputes and manual corrections follow documented, reviewable processes.
August 26, 2026
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Non-revolving credit lines require term-loan structures supporting multiple drawdowns without replenishing sanctioned limits for NBFC lending products.
Proposed restrictions on revolving credit facilities for most NBFCs would generally require credit products to operate as term loans, rather than facilities in which principal repayment automatically restores the available borrowing limit. Compliance may require technology capable of managing multiple drawdowns within an approved sanction, separate repayment schedules, amortisation and servicing workflows, while preventing repaid principal from replenishing the sanctioned limit.
August 26, 2026
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Reciprocal trade tariffs intensify as negotiations confront market access, cultural protections, industrial safeguards, and sovereignty concerns.
US-Canada tariff escalation involves reciprocal import duties following failed negotiations over market access and trade in dairy, alcoholic beverages, automobiles, steel, aluminium and softwood lumber. United States tariff action relies on a rarely used trade-law power permitting duties against countries considered to discriminate against American businesses, without a prior investigation or stated time limit. Negotiations also raised concerns about protection of major industries, cultural protections and Canada's freedom to conclude trade agreements with other countries.
August 26, 2026
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Diaspora engagement supports skilled mobility, investment links, remittances, and citizen welfare while encouraging compliance with local laws.
Indian diaspora engagement in Japan supports bilateral goodwill, business links, investment opportunities and people-to-people ties. Skilled Indian professionals are encouraged to understand local requirements, learn Japanese language and culture, and pursue opportunities in healthcare, trades, engineering, artificial intelligence, accountancy and maritime work. Diaspora members are also encouraged to maintain connections with India, contribute through digital education and knowledge-sharing, and comply with local laws and regulations. Remittances and government support for citizens' welfare, safety and crisis assistance abroad are recognised as important aspects of diaspora engagement.
August 26, 2026
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Semiconductor and AI cooperation advances through industry engagement, investment facilitation, and accelerated economic partnership review.
India-Japan cooperation in semiconductors and artificial intelligence is being strengthened through industry engagement, investment facilitation, technology partnerships and an economic-security-oriented framework. India's semiconductor strategy covers chip design, machinery and materials, fabrication, ATMP/OSAT, research, and talent development, supported by Semicon India initiatives. Bilateral engagement also seeks to address industry concerns, expand manufacturing and innovation partnerships, and accelerate review of the Comprehensive Economic Partnership Agreement to reflect emerging economic opportunities.
August 26, 2026
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Virtual trader engagement platform strengthens weekly grievance feedback, policy information sharing, and institutional dialogue between government and trading communities.
The Virtual Conference Interaction Meetings provide a weekly, accessible forum for retail traders to engage with the Government, receive information on relevant schemes, policies and reforms, and submit grievances and suggestions. The platform enables recurring concerns to be identified and communicated to concerned Ministries and Departments for consideration and redressal. It seeks to strengthen institutionalised dialogue, feedback, transparency, trust and cooperation between the Government and the trader community.
August 26, 2026
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Competition clearance for full acquisition permits Cyient to acquire Tao Digital Solutions, a global digital transformation and technology services provider.
Competition Commission of India approved Cyient Limited's acquisition of 100% of Tao Digital Solutions Inc.'s share capital from its existing shareholders. The full share capital acquisition transfers complete ownership of Tao Digital Solutions to Cyient. Tao Digital Solutions provides global digital transformation and technology services, including product engineering, managed services, cybersecurity, payments, digitization and AI, cloud services, and data services, and operates in India through its wholly owned subsidiary, Tao Digital India Private Limited.
August 26, 2026
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Competition clearance for full coal-sector acquisition addresses limited Indian market links through metallurgical and thermal coal sales.
Competition approval covers Yancoal Australia Limited's acquisition of 100% equity interest and warrants in Kestrel Coal Group Pty Ltd. The target holds an 80% interest in the Kestrel Joint Venture, which operates a Queensland coal mine producing principally metallurgical coal and a smaller volume of thermal coal. Neither the acquirer nor the target has a physical presence in India. Their Indian nexus is limited to coal exports and the joint venture's sales of metallurgical coal into India.
August 25, 2026
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Customs classification of unassembled vehicle imports requires fresh hearing after reserved tax challenge was released without verdict.
The dispute concerns customs classification of imported unassembled vehicle parts. Customs authorities allege that parts imported in separate shipments should have been declared as completely knocked down (CKD) units, attracting the higher duty applicable to CKD imports, rather than as individual components subject to lower duty. The manufacturer contests the resulting customs demand. Proceedings have been released for fresh hearing before the regular indirect-tax writ bench, with status quo maintained for four weeks.
August 25, 2026
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Retaliatory tariffs on imported goods escalate trade measures, targeting key sectors while maintaining support for affected domestic businesses.
Canada has imposed retaliatory tariffs on United States-origin industrial and consumer goods following increased United States tariffs on Canadian goods. Effective 8 September, the measures apply at rates of 15%, 25% and 50% across more than 700 products, including steel, aluminium, appliances, dairy products, seafood, furniture, clothing, pulp and paper, and electronics. Existing countertariffs on automobiles remain in force. The measures seek to protect domestic businesses and reduce imports, supported by assistance for affected workers and businesses amid risks to integrated cross-border supply chains.
August 25, 2026
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Foreign-exchange market intervention and lower crude prices supported rupee appreciation, while USD/INR remained range-bound amid shifting dollar conditions.
Foreign-exchange market conditions supported rupee appreciation against the US dollar, driven by stronger domestic equity markets, a weaker US dollar and lower crude oil prices. The USD/INR pair remained broadly range-bound, with oil-price movements and Reserve Bank intervention identified as key near-term influences. The special USD-INR foreign-exchange swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings mobilised substantial foreign-exchange inflows.
August 25, 2026
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Section 301 tariffs may have lower impact where major exports remain outside their scope amid resilient domestic demand.
Economic resilience is attributed to buoyant domestic demand, increased manufacturing and services activity, improving liquidity conditions, credit growth, investment activity and rebounding foreign capital inflows. Recovery in the southwest monsoon improved kharif sowing and reservoir storage, partly mitigating agricultural-sector risks. US Section 301 tariffs are expected to have a comparatively lower effect because major Indian exports to the United States, including smartphones, petroleum products and pharmaceuticals, remain outside their scope. Foreign direct investment improved with higher gross inflows, while outward foreign direct investment continued to decline.
August 25, 2026
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BIS certification exemptions may be structured for high-tech manufacturers to ensure timely equipment imports and support domestic manufacturing operations.
Mandatory Bureau of Indian Standards (BIS) certification requirements for equipment and components used by high-technology manufacturers may be addressed through a proposed exemption framework. Possible exemptions may be structured at the company, industry, product, project or bulk level to support timely availability of imported equipment, goods and services for manufacturing operations. The approach is directed at high-technology industries generally, particularly semiconductor and artificial intelligence sectors, while addressing delays associated with mandatory certification and complex procedures for specialised imported parts and equipment.
August 25, 2026
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Corporate social responsibility should prioritise measurable community outcomes, transparency, capable implementing agencies, and strategic integration with sustainability objectives.
Corporate social responsibility should prioritise measurable community outcomes rather than expenditure alone. Effective CSR depends on community-responsive design, capable implementing agencies, rigorous monitoring, social audits, and transparent use of technology and data. Public sector enterprises may use thematic priorities, convergence with government programmes, and institutional collaboration to replace isolated interventions with strategic CSR. CSR capacity building encompasses legal and regulatory frameworks, governance, project planning, impact assessment, reporting, ESG and the Social Stock Exchange.
August 25, 2026
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Regional rural bank performance highlights improved profitability, asset quality, priority-sector lending, financial inclusion, and digital banking expansion.
Regional Rural Banks achieved prescribed priority-sector lending targets and sub-targets, expanded financial inclusion through new Pradhan Mantri Jan Dhan Yojana accounts, and recorded improvement in profitability, asset quality, and credit-deposit ratio. Digital banking adoption is to be accelerated to improve operational efficiency, customer experience, and banking access in rural and remote areas. Sponsor Banks are expected to strengthen information-technology infrastructure and support increased area-specific credit flows and innovative lending.
August 25, 2026
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Ethanol-blended fuel policy faces calls for consumer-focused review amid sugar supply pressures and older-vehicle compatibility concerns.
Consumer-focused review of the ethanol-blended fuel policy is sought because higher ethanol diversion may affect domestic sugar availability and prices, potentially requiring sugar imports that could reduce claimed foreign-exchange savings from lower petroleum imports. The review should address ethanol and sugar production, domestic prices, imports, and consumer, environmental and economic concerns. Availability of lower-blend fuel alongside E20 is advocated for owners of older vehicles, with consumer choice between E10 and E20 supporting a comprehensive reassessment.
August 25, 2026
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Economic resilience remains supported by domestic demand, manufacturing, liquidity and capital inflows despite external trade and geopolitical risks.
Economic resilience is attributed to buoyant domestic demand, sustained manufacturing and services activity, and double-digit merchandise trade growth. Improved southwest monsoon conditions supported kharif sowing and partly reduced agricultural risks, although geopolitical frictions and fresh United States tariffs remained external risks. Supply-side pressures raised consumer price inflation, while stable core inflation indicated limited cost pass-through. Easing liquidity, credit growth, investment activity and rebounding foreign capital inflows supported financial and external-sector conditions.
August 25, 2026
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Sugar price controls combine raw sugar imports, stockholding limits, and export restrictions to curb retail inflation.
Sugar market intervention combines permitted imports of raw sugar, stockholding limits for dealers and bulk consumers, and an existing export ban to address sharp increases in retail and wholesale prices. Limits on inventories held by trade participants and large industrial consumers are intended to curb speculation and hoarding. Although ex-mill rates declined after the import decision and anti-hoarding measures, the reduction had not yet translated fully into retail prices. The measures seek to supplement domestic availability and restrain practices that may intensify consumer-price increases.
August 25, 2026
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Tariff escalation drives retaliatory planning, industry protection measures, supply-chain uncertainty, and proposed symbolic geographic renaming amid cross-border trade tensions.
United States-Canada trade tensions have intensified after tariffs were imposed on Canadian goods following unsuccessful bilateral talks. Canada is expected to pursue retaliatory measures, potentially using targeted action to protect workers and businesses rather than matching tariffs directly. Further tariff threats concern vehicles, auto parts and steel. Integrated cross-border supply chains in automotive, energy, agriculture and manufacturing face increased costs and consumer-price uncertainty. Consideration of renaming Lake Ontario as "Lake America" has also been linked to the escalating dispute.

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Techniques of Improving Quality, Reliability and Productivity Can be Applied to Clean up Administration, Improve Reliability of Public Services and Increase Agricultural Productivity : FM

February 8, 2011

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Union Finance Minister, Shri Pranab Mukherjee has said that the techniques of improving quality, reliability and productivity can be applied to clean up administration, improve reliability of public services and increase agricultural productivity. He said that Indian Statistical Institute (ISI) can play a lead role in these areas that can bring about a positive change for the nation at large. Shri Mukherjee was speaking at the inaugural function of the International Congress on International Congress on Productivity, Quality, Reliability, Optimisation and Modelling-ICPQROM-2011 organized by the ISI along with the other two premier organisations Quality Council of India and Defence Research and Development Organisation (DRDO), here today. The International Congress was inaugurated by the Prime Minister of India.

Remembering Prof. P C Mahalanobis, the founder of ISI, Finance Minister Shri Mukherjee said it was he who had realized the need for launching a Statistical Quality Control (SQC) movement for large scale training of industrial managers, executives, engineers, technicians and also government officials. The Finance Minister further said that Indian Industry has benefited a lot from training and problem solving services offered by ISI at an affordable price. 

Finance Minister Shri Mukherjee said that the quality movement now brings together many subjects including reliability, optimization and modelling techniques. He said that the successful applications of these techniques help industries to improve quality of whatever they do. Shri Mukherjee said that in India many sectors like pharmaceuticals, high tech manufacturing, automobiles, design engineering, IT and ITES have successfully used these techniques to improve the quality of their offerings significantly. The Finance Minister said that in many of these fields, India is now considered to be a force to reckon with – a significant change from the scenario that we had a few decades back, the Minister said. 

Shri Mukherjee said that with the passage of time, the form of the quality challenge has changed. With the massive development of computing technology and the huge advancement of the internet, the availability of data has increased manifold, he said. The Finance Minister said that the quality requirements also have become very stringent and now there is a lot of focus on various services and on areas like marketing and human resources. He said that this has required new techniques and approaches to be developed and researchers and practitioners in this field have experimented with many approaches. The Finance Minister further said that the Indian Statistical Institute has played a key role in this area by promoting application of statistical methodologies in many areas. Even within industries these methodologies are being used in hitherto untapped areas like finance, sales, advertisements, customer relationship management and security, said the Minister. 

The Text of the speech of the Finance Minister delivered at the occasion of inauguration of the International Congress on International Congress on Productivity, Quality, Reliability, Optimisation and Modelling-ICPQROM-2011is as follows: 

“It is a great pleasure to address for the International Congress on Productivity, Quality, Reliability, Optimization and Modelling with the very apt theme of ‘A journey towards excellence’. It is a matter satisfaction that this congress is being organized by the Indian Statistical Institute along with the other two premier organisations Quality Council of India and Defence Research and Development Organisation (DRDO). 

The Indian Statistical Institute has all along been pioneer in the quality movement in India. In fact, Prof. P C Mahalanobis, the founder of ISI, was a polymath who had studied physics and mathematics, had deep interest in literature and finally turned to economics and statistics. Furthermore, he had realized the need for launching a Statistical Quality Control (SQC) movement and invited Dr. Walter Shewhart to India for three months during the winter of 1947 – 48. He realized the need for large scale training of industrial managers, executives, engineers, technicians and also government officials. At the same time he understood that industries should be supported for problem solving and accordingly SQC units were set up in different places from 1953 onwards. His untiring efforts to sustain the movement brought about large dividends – he invited all the top experts of the field and organized several seminars / conferences – to keep up the momentum. Indian industry benefited a lot from the large scale training and problem solving services offered by the Institute at an affordable price 

The seed sown by Prof. Mahalanobis has now grown into a huge tree over time. The SQC movement has grown into a full-fledged quality movement. It has been realized by industrialists as well as policy makers within the Government that quality and productivity are essential for growth in any field – be it business or administration. The quality movement now brings together many subjects including reliability, optimization and modelling techniques. The successful applications of these techniques help industries to improve quality of whatever they do. In India many sectors like pharmaceuticals, high tech manufacturing, automobiles, design engineering, IT and ITES have successfully used these techniques to improve the quality of their offerings significantly. So much so that in many of these fields India is now considered to be a force to reckon with – a significant change from the scenario that we had a few decades back. 

With the passage of time, the form of the quality challenge has changed. With the massive development of computing technology and the huge advancement of the internet, the availability of data has increased manifold. The quality requirements also have become very stringent and now there is a lot of focus on various services and on areas like marketing and human resources. This has required new techniques and approaches to be developed. Researchers and practitioners in this field have experimented with many approaches. The Indian Statistical Institute has played a key role in this area by promoting application of statistical methodologies in many areas. Even within industries these methodologies are being used in hitherto untapped areas like finance, sales, advertisements, customer relationship management and security. 

Quality Council of India (QCI) functioning under the aegis of the Department of Industrial Policy and Promotion is responsible for establishment and operation of national accreditation structure. QCI, being a joint venture of the government and the industry association, is a successful example of public-private partnership in the field of accreditation and quality control. Accreditation facilitates international trade by way of establishing equivalence and global acceptance of certification, inspection and testing being undertaken by various conformity assessment bodies, in areas of quality, environment, food safety etc. QCI through its National Quality Campaign has been promoting quality by enabling manufacturers and suppliers of goods and services to apply quality standards and tools and simultaneously empowering consumers to demand quality goods and services. The promotion of quality encompasses all segments including manufacturing, health, education and public services. 

DRDO, as we all know, is working for indigenous development of weapons, sensors & platforms required for the Armed Forces. DRDO also has been playing a crucial role in expanding and deepening the knowledge-base of life sciences in the country through strengthening and use of national resources including know-how and expertise. 

Institutions of research should continuously strive for excellence; constantly review their own performance through self appraisal. There is a need for our research institutions to develop linkages with the field and the intended beneficiaries. The pace of technology dissemination from the lab to the ultimate users in the industry and agriculture is slow. To enhance the productivity we must devise efficient and cost effective ways for transfer of technology. We also need to spend more and more on technology up- gradation and skill development to remain competitive and keep improving the quality of our products and services

Over the years, the exercises carried out in development and implementation of statistical methodologies for solving problems of a wide variety have led to accumulation of rich and varied experiences. On the one hand, practitioners have found innovative solutions and interesting ways to implement them. On the other hand academicians have developed newer tools and methodologies. The exchange of ideas, therefore, will be very valuable. In particular, many ideas will be generated that can be applied to different walks of life. The techniques of improving quality, reliability and productivity can be applied to clean up administration, improve reliability of public services and increase agricultural productivity. I believe that the ISI can play a lead role in these areas that can bring about a positive change for the nation at large. 

I am sure that in this conference a massive exchange of knowledge and ideas will take place. There will be learning from each other and also development of deep understanding regarding the issues involved in implementation of methodologies to reap the benefits of scientific development. I sincerely hope that this conference, with the overwhelming participation of experts that it has and the tremendous enthusiasm that it has generated, will facilitate a journey towards excellence.” 

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