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    September 3, 2026
    Rupee rises 22 paise to close at 94.51 against US dollar
    September 3, 2026
    Electrifying India's vehicles can cut its import bill by USD 125 billion by 2050: Study
    September 3, 2026
    Loans to go beyond SHGs, women to get access to credit to expand livelihoods: Union minister Chouhan
    September 3, 2026
    MIDC's role not just selling plots, but creation of conducive environment for development: CEO
    September 3, 2026
    Decentro Wins Three Industry Honours for Fintech Infrastructure Innovation and Leadership in 2026
    September 3, 2026
    Marching ahead with Responsibility and Growth - Keynote Address[Contributions by RBI colleague Shri Mohammed Majidullah, General Manager] delivered by...
    September 3, 2026
    CCI directs Trustees’ Association of India, IDBI Trusteeship Services Ltd, Axis Trustee Services and SBI CAP Trustee Company to cease and desist fro...
    September 3, 2026
    The Digital Textile Printer Revolution: How Konica Minolta NASSENGER is Preparing India for the Next Global Textile Opportunity
    September 3, 2026
    Union minister Goyal hails 7.8 pc GDP growth; lauds Modi, takes dig at Oppn
    September 3, 2026
    SC disposes of SEBI's pleas against NSE after Rs 1500-crore settlement
    September 3, 2026
    India-US trade pact to be finalised once US offers preferential rate: Goyal
    September 3, 2026
    Business Nextgen Finance Raises Rs 215 Crore in Equity to Accelerate MSME Lending
    September 3, 2026
    Drugs: ED raids in 4 states; over 2 dozen offenders, foreign links under scanner
    September 3, 2026
    Razorpay Launches a Conversational AI Account Manager 'RAY' on WhatsApp For Businesses, in Partnership with IndusInd Bank
    September 3, 2026
    AssetPlus Launches Portfolio Management Services to Help MFD Partners Grow and Retain High-Net-Worth Clients
    September 3, 2026
    APEDA Facilitates Flag-Off of 18 MT of NPOP-Certified Ethnic Rice from Tripura for Export to Austria and the Netherlands
    September 3, 2026
    VR LIVIN’s ‘THE FIRST’ Records Sale of 20 Villas Within Two Days of Launch
    September 3, 2026
    IAAPI Calls for GST Rationalisation to Support Growth and Consumer Demand in India’s Amusement Industry
    September 3, 2026
    ED raids multiple locations in Keralam in hybrid ganja smuggling money laundering case
    September 3, 2026
    Rupee jumps 47 paise to 94.26 against US dollar in early trade
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September 3, 2026
Rupee rises 22 paise to close at 94.51 against US dollar
Show AI Summary
FCNR(B) deposits strengthen foreign-exchange liquidity and support rupee appreciation alongside foreign portfolio inflows into government securities.
Foreign-currency inflows through FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened foreign-exchange liquidity and supported appreciation of the rupee against the US dollar. Foreign portfolio investment in government securities was linked to the abolition of withholding tax and long-term capital gains tax on such investment. Currency-market conditions were also influenced by foreign institutional equity purchases, global risk appetite, crude-oil prices and geopolitical tensions.
September 3, 2026
Electrifying India's vehicles can cut its import bill by USD 125 billion by 2050: Study
Show AI Summary
Electric vehicle adoption can reduce transport import dependence while domestic battery manufacturing increases projected long-term savings.
Electric-vehicle adoption across road-transport segments is projected to reduce dependence on imported petrol and diesel, notwithstanding continuing battery imports. Accelerated electrification could reduce vehicle-related import expenditure substantially by 2050 because reduced oil imports are expected to exceed battery-import costs. Domestic cell-manufacturing capacity may further increase savings by combining rapid vehicle electrification with battery localisation.
September 3, 2026
Loans to go beyond SHGs, women to get access to credit to expand livelihoods: Union minister Chouhan
Show AI Summary
Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
Women's access to credit for livelihood expansion is to extend beyond Self-Help Groups to individual women members. Loan accessibility concerns include distance from bank branches, repeated visits to complete formalities, and inconsistent banking procedures. Regular State Rural Livelihood Mission meetings, bank participation, training, helplines, process improvements and coordination with bankers are intended to reduce barriers. Loan formalities are to be standardised across banks through a uniform process involving RBI and NABARD.
September 3, 2026
MIDC's role not just selling plots, but creation of conducive environment for development: CEO
Show AI Summary
Industrial development facilitation prioritises infrastructure, services, policy utilisation, and dry-port trade connectivity for businesses and agro-based farmers.
Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.
September 3, 2026
Decentro Wins Three Industry Honours for Fintech Infrastructure Innovation and Leadership in 2026
Show AI Summary
Regulated fintech infrastructure recognition highlights integrated payment, identity and collections capabilities across embedded financial product delivery.
Decentro operates an integrated fintech infrastructure platform combining payment acceptance, identity verification, banking and AI-led collections through a unified integration layer. It holds Payment Aggregator authorisations for online and physical payments, a Payment Service Provider licence through its GIFT City entity, and certification for offline identity-verification workflows. These capabilities support embedded financial products, payment acceptance, lending collections and related financial workflows for enterprise users.
September 3, 2026
Marching ahead with Responsibility and Growth - Keynote Address[Contributions by RBI colleague Shri Mohammed Majidullah, General Manager] delivered by Shri Shirish Chandra Murmu, Deputy Governor, at the 7th NBFC and HFC Summit in Mumbai on September 03, 2026
Show AI Summary
Responsible NBFC and HFC growth requires technology-enabled inclusion, proportionate regulation, sound governance, liquidity discipline, customer protection and cyber resilience.
NBFCs and HFCs can complement bank-led credit delivery through last-mile reach, sector-specific expertise, digital infrastructure, consent-based data sharing and cash-flow-based underwriting. Sustainable growth requires strong liquidity risk management, governance, compliance culture, diversified funding, stress testing, early-warning systems, dynamic provisioning and sound underwriting standards. Proportionate scale-based regulation, digital lending standards and a substance-over-form approach seek to support innovation while preserving financial stability. Customer protection, responsible lending, grievance redressal, fair recovery conduct, cyber resilience and protection of customer data remain essential.
September 3, 2026
CCI directs Trustees’ Association of India, IDBI Trusteeship Services Ltd, Axis Trustee Services and SBI CAP Trustee Company to cease and desist from anti-competitive conduct
Show AI Summary
Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.
September 3, 2026
The Digital Textile Printer Revolution: How Konica Minolta NASSENGER is Preparing India for the Next Global Textile Opportunity
Show AI Summary
Digital textile printing enables flexible industrial production, shorter lead times, reduced screen dependency and sustainability-focused manufacturing for export markets.
Digital textile printing is presented as an industrial alternative to conventional screen printing, allowing direct production from digital design files with faster design changes, shorter lead times and flexibility across varying order quantities. Single-pass systems support high-volume production through fixed printing units and continuous fabric movement, while multipass platforms provide flexible production across natural, synthetic and specialised textiles. Digital production is associated with printing closer to demand, eliminating physical screens, reducing unnecessary production, and addressing wastewater reduction, chemical compliance, traceability and responsible manufacturing expectations.
September 3, 2026
Union minister Goyal hails 7.8 pc GDP growth; lauds Modi, takes dig at Oppn
Show AI Summary
Economic growth and infrastructure investment were presented as supporting exports, skilled employment, connectivity, and long-term development.
Economic growth, export expansion and infrastructure investment are presented as interconnected drivers of India's development, global standing and employment opportunities. Infrastructure expenditure, railway expansion and improved transport connectivity are identified as measures intended to facilitate movement, simplify transportation, support trade and exports, and strengthen industrial and commercial activity. These measures are associated with the objective of a developed India by 2047 and enhanced employment, business and growth opportunities.
September 3, 2026
SC disposes of SEBI's pleas against NSE after Rs 1500-crore settlement
Show AI Summary
Co-location and dark fibre settlement addressed allegations of preferential market-data access and speed advantages in trading.
SEBI's co-location and dark fibre matters involving NSE concerned allegations that certain stockbrokers obtained unfair preferential speed advantages to access market data and execute trades ahead of other investors. NSE pursued settlement applications covering both matters, and revised settlement terms increased the cumulative amount. Payments made by NSE together completed the agreed settlement amount.
September 3, 2026
India-US trade pact to be finalised once US offers preferential rate: Goyal
Show AI Summary
Preferential tariff treatment remains the condition for finalising the bilateral trade agreement and improving Indian export competitiveness.
Finalisation of the India-US Bilateral Trade Agreement is contingent on the United States extending preferential tariff treatment to India relative to competing supplier countries. Further negotiations are required following changes in the United States tariff environment. A comparative tariff advantage is intended to improve the price competitiveness of Indian goods in the United States market, particularly against competitors benefiting from lower duties under least-developed-country preferences or trade agreements.
September 3, 2026
Business Nextgen Finance Raises Rs 215 Crore in Equity to Accelerate MSME Lending
Show AI Summary
MSME secured lending equity capital, subject to regulatory approval, supports expansion without management-control change in operations.
Business Nextgen Finance Private Limited, a non-deposit taking non-banking financial company registered with the Reserve Bank of India, has raised Rs 215 crore in equity capital to expand secured credit for micro, small and medium enterprises. The transaction received prior Reserve Bank of India approval. The capital base will support secured lending scale-up, geographic expansion, technology investment and wider access to formal credit in underserved markets. The investment does not involve a change in management or day-to-day control.
September 3, 2026
Drugs: ED raids in 4 states; over 2 dozen offenders, foreign links under scanner
Show AI Summary
Money-laundering probes into narcotics trafficking rely on predicate police and narcotics cases and examine cross-border linkages.
Money-laundering investigation under the Prevention of Money Laundering Act involves coordinated searches in connection with multiple narcotics-trafficking matters. The investigation is founded on police and Narcotics Control Bureau FIRs and linked chargesheets concerning separate drug-trafficking allegations, including alleged trafficking in methamphetamine, marijuana and MDMA with suspected cross-border linkages.
September 3, 2026
Razorpay Launches a Conversational AI Account Manager 'RAY' on WhatsApp For Businesses, in Partnership with IndusInd Bank
Show AI Summary
Conversational AI account management enables businesses to access payment information, settlement support, refunds, and payment links through WhatsApp.
RAY is a conversational AI account manager on WhatsApp that enables businesses to access payment information, support, and operational actions through messages or voice notes. It can provide payment summaries, analyse payment activity, monitor settlement status, generate payment links, and issue refunds. The AI assistant is designed to proactively identify payment-health issues, flag settlement events, recommend actions, and use merchant-specific context to support payment management without dashboard navigation.
September 3, 2026
AssetPlus Launches Portfolio Management Services to Help MFD Partners Grow and Retain High-Net-Worth Clients
Show AI Summary
Portfolio management services distribution enables certified mutual fund distributors to digitally onboard and report for eligible high-net-worth clients through AssetPlus.
AssetPlus has launched Portfolio Management Services for certified Mutual Fund Distributor partners to digitally onboard, track, manage and report PMS investments for eligible high-net-worth clients. PMS distribution requires NISM Series-XXI-A certification and operates within the APRN distributor-registration framework. PMS comprises individually managed portfolios run by SEBI-registered Portfolio Managers and held in clients' demat accounts. The minimum investment is Rs. 50 lakh, and offerings are governed by the SEBI (Portfolio Managers) Regulations, 2020. The platform provides daily reconciliation of holdings, performance and valuations.
September 3, 2026
APEDA Facilitates Flag-Off of 18 MT of NPOP-Certified Ethnic Rice from Tripura for Export to Austria and the Netherlands
Show AI Summary
NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.
September 3, 2026
VR LIVIN’s ‘THE FIRST’ Records Sale of 20 Villas Within Two Days of Launch
Show AI Summary
Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
VR LIVIN Ventures LLP launched 'THE FIRST', an 83-villa gated residential community in Madhavaram, North Chennai, which recorded sales of 20 villas during its first two launch days. The development includes smart-home villas and more than 50 lifestyle amenities, with access to nearby metro connectivity and social infrastructure. It forms part of the company's intended expansion of residential projects in Chennai and other South Indian locations.
September 3, 2026
IAAPI Calls for GST Rationalisation to Support Growth and Consumer Demand in India’s Amusement Industry
Show AI Summary
GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
ED raids multiple locations in Keralam in hybrid ganja smuggling money laundering case
Show AI Summary
Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
September 3, 2026
Rupee jumps 47 paise to 94.26 against US dollar in early trade
Show AI Summary
Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.

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Corp. Laws, SEBI & IBC

Press Communique.

July 12, 2011

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Press Information Bureau

Government of India

Presidents Secretariat

12-July-2011 13:31 IST

Press Communique

The President of India, on the recommendation of the Prime Minister, has accepted the resignation of the following members from the Council of Ministers, with immediate effect:-

1.          Shri Dayanidhi Maran,

Minister of Textiles

2.          Shri Murli Deora,

Minister of Corporate Affairs

3.          Shri B.K. Handique,

Minister of Development of North Eastern Region

4.          Dr. M.S. Gill,

Minister of Statistics and Programme Implementation

5.          Shri Kanti Lal Bhuria,

Minister of Tribal Affairs

6.          Shri A. Sai Prathap

Minister of State for Heavy Industries & Public Enterprises

7.          Shri Arun S. Yadav,

Minister of State for Agriculture & Food Processing Industries

 Rastrapati Bhawan

New Delhi,12 July, 2011

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Acts Income Tax
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