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September 23, 2026
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Monetary policy tightening may follow resilient growth as inflation, conflict risks, and weather pressures reshape economic projections.
FY27 GDP growth projections were raised to a range of 6.9%-7.1% on stronger June-quarter activity, resilient demand, investment, consumption, exports, capital inflows and limited supply disruptions. Growth may moderate as energy costs reduce purchasing power, activity slows and weather risks persist. Policy-rate tightening is projected as an inflation response, with forecasts of a 25-basis-point increase and temporary rate rises to offset price pressures.
September 23, 2026
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Fisheries subsidy disciplines require transparent reporting, domestic monitoring, and coordinated implementation to address harmful subsidies and IUU fishing.
Fisheries subsidy disciplines target support linked to illegal, unreported and unregulated fishing, fishing of overfished stocks subject to rebuilding conditions, and fishing on the unregulated high seas. Members accepting the Agreement must implement and administer these disciplines and comply with notification and transparency obligations. Effective implementation depends on reliable fisheries data, monitoring and reporting systems, vessel registration, inter-agency coordination and technical capacity.
September 23, 2026
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Essential banking service continuity requires Sunday operations by public sector and regional rural banks during the proposed strike.
Public Sector Banks and Regional Rural Banks will function normally on Sunday, 27 September 2026, to prevent an extended interruption to public banking needs during the proposed nationwide strike. Reserve Bank approval covers full operation of branches, offices, ATM-link branches and Currency Chests, alongside measures intended to maintain uninterrupted essential banking services.
September 23, 2026
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Money laundering allegations in public recruitment describe CSR-linked payments, examination manipulation, and candidate payments treated as proceeds of crime.
Money-laundering allegations concerning state public-service examinations identify two alleged streams of proceeds of crime: corporate social responsibility funding allegedly routed to an institution controlled by the former commission chairman in return for favouring selected candidates, and money allegedly collected from candidates and families for advance access to examination papers and secured selection. The alleged CSR payment was projected as legitimate institutional funding, while candidate-related collections were allegedly possessed, used, transferred, or projected as legitimate transactions.
September 23, 2026
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Banking service continuity measures require public sector and regional rural banks to operate on Sunday during the proposed strike.
Banking-service contingency arrangements require Public Sector Banks and Regional Rural Banks to operate normally on Sunday, 27 September 2026, ahead of a proposed three-day bank strike. Reserve Bank approval permits bank branches, offices, ATM-linked branches and currency chests to remain fully operational. Customers are advised to use mobile banking, ATMs, internet banking, BC Points and UPI if the strike occurs, and to complete essential transactions in advance.
September 23, 2026
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Inflation-driven monetary tightening may accompany strong growth as demand, price increases and adverse supply conditions shape rate expectations.
Inflationary pressures, robust demand, price rises and adverse supply developments are expected to lead to policy-rate tightening by RBI. Fitch anticipates a 25-basis-point rate rise in October, further tightening in early 2027, followed by easing in 2028. Growth projections were upgraded following stronger-than-expected June-quarter activity, but activity is expected to moderate as the effects of GST rationalisation and income-tax cuts recede, manufacturing and services slow, and below-normal monsoon conditions affect activity.
September 23, 2026
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GDP growth forecast rises as domestic demand, investment, and public capital spending sustain economic resilience amid external risks.
India's GDP growth forecast for the current fiscal year is raised to 7 per cent, supported by investment demand, resilient consumption, manufacturing and services activity, lower-than-expected supply disruptions, and sustained capital inflows. Domestic demand, infrastructure expenditure, regulatory reforms, and improving private investment are expected to support growth. Inflation is projected to remain within the central bank's target range, subject to risks from geopolitical uncertainty, commodity prices, and weather-related disruption. Fiscal management is supported by public capital expenditure and robust direct-tax revenue.
September 23, 2026
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Primary and secondary investment funds ammunition manufacturing expansion, increasing small-caliber capacity and establishing medium-caliber production.
Hughes Precision Manufacturing Pvt. Ltd. completed a Rs. 250+ crore investment round through primary and secondary investments. The capital will expand small-caliber ammunition capacity from approximately 80 million to 220 million rounds and establish a dedicated medium-caliber ammunition manufacturing facility. The expansion broadens its product portfolio and is supported by an order book exceeding Rs. 1,000 crore, including domestic defence and export orders scheduled for execution over approximately two years.
September 23, 2026
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GDP growth outlook signals resilient expansion, but inflation, weaker rural demand, and supply pressures may prompt monetary tightening.
India's FY 2026-27 GDP growth forecast is raised to 6.9 per cent from 6.4 per cent, reflecting strong June-quarter growth and economic resilience. Economic momentum is projected to moderate as slower manufacturing and services expansion, below-normal monsoon rains, and rising inflation constrain demand. Strong demand, price increases and adverse supply conditions are expected to lead to monetary tightening.
September 23, 2026
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FEMA scrutiny of insolvency acquisitions examines fund flows and possible indirect control by potentially ineligible resolution participants.
FEMA investigation concerns suspected foreign-exchange contraventions and the source and movement of funds used to acquire control of McNally Bharat Engineering Company Limited following its corporate insolvency resolution process. The inquiry also examines whether the process may have enabled persons potentially ineligible under Section 29A of the Insolvency and Bankruptcy Code, 2016, to regain indirect control of the company.
September 23, 2026
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Export facilitation reforms integrate local support, digital trade intelligence, and streamlined Free Trade Agreement procedures to improve market access.
Export facilitation reforms contemplate integrated Commerce and Industry offices and trained local personnel to provide exporters with common access points and district-level handholding support. The Trade Connect platform is envisaged to provide product-wise and HSN-code-wise tariff, Free Trade Agreement and procedural information, supported by digital and AI-enabled tools. Reforms also address electronic verification of Certificates of Origin, integration across the export cycle, digitalisation, simplified trade documentation, reduced compliance burden, and adherence to international quality standards.
September 23, 2026
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Monetary policy outlook: resilient growth and persistent inflation support a projected policy-rate increase amid weather and geopolitical risks.
India's FY27 growth outlook is revised upward to 7 per cent from 6.6 per cent, supported by industrial activity, consumption, goods exports and government investment. Consumer inflation is projected to average 5.1 per cent. Persistent inflationary pressures, solid growth, conflict in West Asia and weather-related risks are expected to support higher interest rates, while below-normal monsoon rainfall may affect agricultural output and food inflation.
September 23, 2026
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Trade partnership frameworks seek diversified market access through proposed economic agreements, investment cooperation, stronger business linkages, and improved connectivity.
Trade and market-access cooperation is to be advanced through a proposed Comprehensive Economic Partnership Agreement with Chile, a proposed Free Trade Agreement with Peru, and expansion of the Preferential Trade Agreement with MERCOSUR. The frameworks seek mutually beneficial outcomes while respecting respective sensitivities and priorities. Diversified trade, investment and business partnerships are envisaged through stronger business-to-business linkages, improved connectivity and more predictable market access.
September 23, 2026
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September 23, 2026
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Bilateral comprehensive trade agreement negotiations aim for conclusion at the G20, supporting diversification and renewed economic ties.
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September 23, 2026
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Diesel export restrictions may worsen refinery constraints and consumer fuel costs amid global refining capacity disruptions.
Possible restrictions on diesel exports are being considered to address rising domestic diesel prices amid disruption to global refining capacity. Oil industry representatives oppose an export ban, contending that it could aggravate refinery-sector constraints and worsen supply conditions. They advocate increased supply and operational flexibility instead of new export restrictions, while farm-state senators support a diesel export ban.
September 22, 2026
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District-led economic development will align local resources, enterprise support and export promotion to strengthen regional economic opportunities.
The Uttar Pradesh Enabling District-Led Economic Growth project is proposed to convert district-specific resources into investment, employment, entrepreneurship and export opportunities. Its framework combines economic activity with stronger local administration and major investment proposals suited to local needs. Economic diversification is to expand manufacturing and services alongside agriculture, while local products are to receive improved design, packaging and access to global markets. Proposed measures also include enterprise development, women entrepreneurship, skills training, healthcare, agricultural processing and polyhouse development.
September 22, 2026
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Healthcare access integration enables local outpatient ticketing and appointment booking through banking correspondents, alongside employee banking and patient-support initiatives.
The partnership integrates SKIMS outpatient ticketing and appointment booking with J&K Bank's Banking Correspondent network on a six-month pilot basis, enabling local access for patients in rural and remote areas. J&K Bank serves as SKIMS's banking partner, offers customised employee banking benefits, supports hospital infrastructure through corporate social responsibility assistance, enables public contributions to the poor-patient endowment fund through a mobile application, and provides digital financial literacy and wealth-management programmes.

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Customs, DGFT & SEZ

Government approves Six (6) Proposals of Foreign Direct Investment (FDI)

April 24, 2017

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Based on the recommendations of the Foreign Investment Promotion Board in its 244th meeting held on 29th March 2017, the Government has approved six FDI proposals and recommended one proposal for the Cabinet Committee on Economic Affairs (CCEA) as per details enclosed.

The following six (06) proposals have been approved:

S. No

Item No

Name of the applicant

Gist of the proposal

Sector

FDI (Rs.  crore)

1

5

M/s PMC Group International

Approval has been sought for:  (i) undertaking foreign investment upto 100%, through a newly incorporated Indian company M/s PMC YM-Pharma Private Limited and (ii) PMC YM-Pharma would purchase the manufacturing facility of an existing Indian pharmaceutical company Yegna Manojavam Drugs and Chemicals Limited.

Pharma

65.00

2

6

M/s Enaltec Labs Private Limited

Post facto approval has been sought for issuance of CCPS to Medtech Limited, UAE in February 2012 and subsequent transfer of such CCPS by Medtech to Scitech Limited, UAE in March 2013.

Pharma

No fresh inflow

3

20

M/s Powervision Export and Import India Private Limited 

M/s Powervision Export and Import India Private Limited has sought approval for foreign investment by a Bangladeshi citizen, which is an existing shareholder and director of the company.

Whole sale Trading

3.38

4

21

M/s Crown Cement Manufacturing India Pvt Ltd

Approval has been sought for foreign investment from a Bangladeshi entity, M/s M.I. Cement.

Manufacturing

15.51

5

23

M/s Bigtec Pvt. Ltd (Bigtec)

Bigtec, an Indian Company, has sought post facto approval for swap of shares to its holding Company, M/s Bigtec Innovations Private Limited (BIPL), also an Indian Company, in the fair exchange ratio (for every 1 share of Bigtec, 2 shares of BIPL was allotted).

Pharma

Nil

6

26

M/s Entrepreneur India Media Private Limited

Approval has been sought for undertaking the additional business of publishing scientific and technical magazines

Publishing

0.80

 

The following one (01) proposal has been recommended for CCEA approval:

S. No

Item No

Name of the applicant

Gist of the proposal

Sector

FDI (Rs.  crore)

1

24

M/s Gland Pharma Limited

M/s Gland Pharma Limited, a brownfield pharmaceutical Indian company, is seeking approval for its initial acquisition of up to 86.08% by M/s Shanghai Fosun Pharmaceutical (Group) Company Limited, a public listed company incorporated in China through its subsidiaries outside India namely M/s Fosun Pharma Industrial Pte. Ltd. , M/s Fosun Industrial Co Limited,  Ample Up Limited, M/s Lustrous Star Limited and M/s Regal Gesture Limited  and subsequently, Fosun also has the contractual right to acquire 100% shares of Gland Pharma from the other shareholders of the Company in one or more tranches.

Pharma

4,315.00

 

The following eleven (11) proposals have been deferred:

S. No.

Item No

Name of the applicant

Gist of the proposal

Sector

1

2

M/s Geodis Overseas Pvt. Ltd

M/s Geodis Overseas Pvt. Ltd, 100% foreign owned Indian company, has sought approval to carry additional activity related to facilitation of cargo/goods insurance solutions to its customers through existing insurance companies operating in India.

Referral Service/Insurance Service

2

4

M/s Sistema Shyam TeleServices Limited

Approval has been sought by M/s Sistema Shyam TeleServices Limited  for the exit of the resident shareholders and transfer of their holdings to the existing foreign shareholders i.e. M/s Sistema Joint Stock Financial Corporation, Russia and Federal Agency for the State Property Management (Rosimushchestvo), thereby increasing the foreign shareholding in the company from existing 73.95% to 100% and also consequently increasing the foreign shareholding in its downstream company i.e. M/s Shyam Internet Services Limited to 100%.

Telecom

3

8

M/s Hindustan Ports Private Limited

Approval has been sought by M/s Hindustan Ports Private Limited (HPPL), for issuance of equity shares of HPPL to the non-resident shareholders of South Asia Ports Limited, P & O Ports (Kulpi) Private Limited, P & O Ports (Mundra) Private Limited and P & O Ports(Chennai) Limited (the Mauritian companies) and DP World Private Limited (an Indian company) (collectively referred as transferor companies) under a Scheme of Amalgamation and Arrangement of the Transferor Companies with HPPL.

Development of Port/ Amalgamation

4

10

M/s Datawind Innovations Private Limited

M/s Datawind Innovations Private Limited, an existing foreign owned company, presently engaged in the activity of internet delivery platform and manufacturing and trading of computer tablets and smartphones, has sought approval to diversify into additional line of business of providing telecom services.

Telecom

5

11

M/s Vodafone Mobile Services Limited  (No. 4413)

M/s Vodafone Mobile Services Limited, a 100% foreign owned Indian company, has sought post-facto approval for the scheme of amalgamation among Vodafone Mobile Services Limited, Vodafone Digilink Limited, Vodafone South Limited, Vodafone East Limited and Vodafone Cellular Limited.

Telecom

6

12

M/s Vodafone Mobile Services Limited  (No. 4416)

M/s Vodafone Mobile Services Limited, a 100% foreign owned Indian company, has sought post-facto approval for the scheme of amalgamation among Vodafone Mobile Services Limited, Vodafone Spacetel Limited and Vodafone West Limited.

Telecom

7

15

Ubiquity SRL

Approval has been sought for the foreign direct investment by Ubiquity S. R. L, by way of acquisition of 100% shares of M/s Solutions Infini Technologies (India) Private Limited, a company operating in telecom sector, in four tranches.

Telecom

8

17

M/s G4S Secure Solutions (India) Private Limited

M/s G4S Secure Solutions (India) Private Limited, engaged in private security agency services, has sought confirmation/post facto approval for regularization of foreign investment of 49% by G4S Holdings India Limited, UK.

Private Security Agency Services

9

18

M/s HSBC Securities and Capital Markets (India) Private Limited

Approval has been sought by M/s HSBC Securities and Capital Markets (India) Private Limited for: (i) Merger of two FIPB approval letters (ii) Incorporating a WoS which will act as a trustee company to HSBC Mutual Fund and (iii) To undertake additional activities of referral services by HSBC Invest Direct Financial Services (India) Limited, which is a subsidiary of the applicant.

Financial Services

10

19

M/s Ghel Rendev India Private Limited

M/s Ghel Rendev India Private Limited, a newly incorporated company, has sought approval for investment by Mr. Mostaq Ahmmed, a Bangladeshi Citizen, being one of the Directors of the Company and initial subscriber to the share Capital of the company. As per the MoA the foreign investor Mr. Mostaq Ahmmed will hold 60% equity shares of the company and the remaining 40% shares will be held by resident Indian.

Power Sector

11

25

M/s Celon Laboratories Limited

Approval has been sought for: (i) deletion of Clause 2 (downstream investment  by Celon Laboratories is made through funds From internal accrual only)  of the approval letter dated 3.8.2015

(ii) deletion of Clause 5 (approval is further subject to compounding for the existing foreign equity of 63.09% against the approved foreign equity of 54.26%) of the approval letter dated 16.10.2015

Pharma

 

The following five (05) proposals have been rejected:

S. No.

Item No

Name of the applicant

Gist of the proposal

Sector

1

1

M/s PERI India Pvt. Ltd

Approval has been sought to allow capitalization of outstanding creditors (for purchase of materials) to the extent of Euro 5,000,000 (Euros five million only) standing in the name of PERI GmbH, into 13,85,000 equity shares of PERI India at ₹ 270 per share.

Trading

2

3

M/s Limpkin Telecom Private Limited

Approval has been sought to bring in 100% foreign investment  by Ms. Jorden Elizabeth, a UK citizen in M/s Limpkin Telecom Private Limited

Telecom

3

13

M/s LS Cable India Private Limited

M/s LS Cable India Private Limited, a wholly foreign owned company, presently engaged in manufacturing of insulated wire and cable, has sought approval for issue of shares against second hand machinery.

Manufacturing

4

14

M/s Maxaim Network Private Limited

M/s Maxaim Network Private Limited, a newly incorporated Indian company, has sought approval for investment by M Shoeb Chowdhury, a Bangladeshi Citizen, being initial subscriber to the share Capital of the company.  Till date, no capital has been infused in paid up capital of the company by M Shoeb.

Wholesale

Trading

5

16

M/s Xerox India Limited

M/s Xerox India Limited, a foreign owned public limited company, engaged in the wholesale trading of xerographic equipment, document processing products and global document outsourcing business, has sought approval/confirmation that it has taken the requisite approvals from the FIPB from time to time and was engaged in, inter alia, cash and carry wholesale trading business during the interim period 2000-2003, in compliance with all the applicable laws.

Wholesale

Trading

The following three (03) proposals do not lie before FIPB:

S. No.

Item No

Name of the applicant

Gist of the proposal

Sector

1

7

M/s Marketvistas Consumer Insights Private Limited

M/s Marketvistas Consumer Insights Private Limited, engaged in market research, has sought approval for a proposed increase in equity stake by the existing foreign investor.

Market Research

2

9

M/s Laguna Clothing Private Limited

M/s Laguna Clothing Private Limited, a foreign owned private limited company, engaged in manufacture and export of shirts, has sought approval for conversion into a Limited Liability Partnership.

LLP

 

3

22

M/s Otto Waste Systems (India) Private Limited

Approval has been sought for change of business model by appointing a contract manufacturer in India and carry out the manufacturing activity in India through the contract manufacturer and selling locally manufactured products to the customers in India.

Manufacturing

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Acts Income Tax