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    UCO Bank launches IFSC Banking Unit at GIFT City
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August 13, 2026
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International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
August 13, 2026
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Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
August 13, 2026
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Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
August 13, 2026
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GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
August 13, 2026
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Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
August 13, 2026
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Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
August 13, 2026
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Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
August 13, 2026
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Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
August 13, 2026
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Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
August 13, 2026
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Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
August 13, 2026
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Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
August 13, 2026
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EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
August 13, 2026
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Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
August 13, 2026
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Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.
August 13, 2026
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Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
August 13, 2026
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Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
August 13, 2026
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CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
CBDC-based Direct Benefit Transfer under the Pradhan Mantri Garib Kalyan Anna Yojana will credit eligible beneficiaries' food subsidies as programmable Digital Rupee tokens directly into CBDC wallets. Beneficiaries may use these credits to purchase foodgrains from empanelled merchants through secure, real-time and traceable payments, replacing conventional bank-account transfers. The model is intended to improve traceability, reduce leakages and cash handling, enable real-time monitoring of subsidy use, and provide a scalable framework for CBDC integration with welfare schemes.
August 13, 2026
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Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
India and the Southern African Customs Union have signed Terms of Reference to commence negotiations for a Preferential Trade Agreement. Negotiations are envisaged on trade in goods and market access, rules of origin, customs procedures and trade facilitation, trade remedies including bilateral safeguards, sanitary and phytosanitary measures, technical barriers to trade, dispute settlement, and legal and horizontal provisions. The Terms of Reference establish the negotiating framework only; preferential tariff treatment and other operative commitments depend on conclusion of a final agreement.
August 12, 2026
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Prepaid plan restructuring eliminates mid-tier daily-data options and channels subscribers toward higher-priced plans with expanded data access.
Bharti Airtel has discontinued prepaid plans combining 1.5 GB daily data allowances with unlimited calling, directing subscribers towards higher-priced plans with expanded data access, including unlimited 5G data. The restructuring reduces low-priced unlimited-data offerings and changes the pricing architecture for customers using discontinued mid-tier plans. Management links tariff repair to differentiated mobile-plan categories and sustained average revenue per user growth.
August 12, 2026
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Insolvency professional conduct faces money-laundering allegations over re-admitted claims, creditor committee changes, and a connected resolution applicant.
Enforcement action under the Prevention of Money Laundering Act concerns allegations that an insolvency professional re-admitted claims earlier rejected as spurious and fraudulent during the Corporate Insolvency Resolution Process. The alleged re-admission altered the Committee of Creditors' composition and facilitated consideration of a resolution plan allegedly submitted for, and funded through an entity controlled by, a company promoter under investigation for diversion of bank-loan funds. Adverse findings reportedly included acting beyond authority by relying on fabricated and improperly submitted material.

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New ​T​echnologies needed to solve ​S​anitation and ​S​olid ​W​aste ​M​anagement issues in India : Shri Bindeshwar Pathak

June 1, 2018

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New ​T​echnologies needed to solve ​S​anitation and ​S​olid ​W​aste ​M​anagement issues in India : Shri Bindeshwar Pathak

Two day Thematic Seminar on “Water and Sanitation” concludes in Pune.

Legendary inventor and founder of the internationally recognised

 ​''​Sulabh International​''​, Shri Bindeshwar Pathak said that new technologies are the need of the hour to deal with the issues of sanitation and solid waste management in India.

Shri. Pathak  was  making his remarks as the Lead Speaker at the Valedictory Session of the two-day Thematic Seminar on ‘Water and Sanitation’ which concluded here today in Pune, Maharashtra. Shri Bindeshwar Pathak said, “First we have to decide about technology because 2.3 billion people have no access to water. Today number of Tier 1 cities is 498. They have sewage treatment capacity of 11553.68 MLD which is just 32% of total sewage generation. And the number is even more troubling in tier 2 cities.”

Speaking further on the occasion, Shri Pathak dwelt on his invention of the two-pit pour flush toilet system which is now being further developed and promoted by the Government .He explained its various benefits in view of the diverse nature and high density of population in India.

This was the 7th Thematic Seminar in the series as a lead-up event to the 3rd Annual Meeting of the Asian Infrastructure Investment Bank (AIIB)’s which is being hosted by India in last week of June 2018 in Mumbai. The Seminar was being organised by the Ministry of Finance, Government of India in collaboration with Research and Information System for Developing Countries (RIS) as Knowledge Partner in partnership with Federation of Indian Chambers of Commerce and Industry (FICCI) and Mahratta Chamber of Commerce Industries and Agriculture (MCCIA). The AIIB is a new Multilateral Development Bank with more than 80 member countries headquartered in Beijing. India is the second largest shareholder after China and is keen to leverage this platform to provide leadership on future infrastructure for an Asian Century and also leverage the portfolio of the AIIB to finance its selected infrastructure initiatives.

Shri S.T. Devare, Chairman, Research Advisory Council, Research and Information System for Developing Countries (RIS) , and Shri Deepak Mukhi , Sabyasachi Saha were present among others at the Valedictory Session on the second day here in Pune today .  

During the two-day long Seminar, leading experts and academicians opined that while India was making significant strides in Water and Sanitation sector, what needed was a holistic and integrated approach as well as creating public awareness and change in their mind set to have larger public participation in sustainability of outcomes.

Earlier in the Session, Dr. Sabyasachi Saha, Assistant Professor, RIS, gave a detailed Report based on the discussions held during the two day seminar. He said, "Water and Sanitation is mother of all infrastructure. Government is taking robust measures to provide piped water to households" 

Following are the Key Outcomes and Policy Recommendations of the two day Seminar on “Water and Sanitation”:

User Charges for Water and Water Tariff: It has been argued that people are ready to pay for quality services and due to water scarcity and water quality issues people are in any case paying coping charges. Poor do not benefit from low user charges. They end up paying much more to vendors. So, operational cost recovery is a feasible objective. The modalities of this are being worked out. It was suggested that non-revenue water supply in cities have to be significantly reduced.

Institutional Provisions: Water is a State subject in India, which comes in the way of comprehensive national planning and programme in this sector. It was suggested that a fresh look on the subject may be necessary to effectively address issues of watershed management, and regulation.

Watershed Management and Water-intensity of Agriculture: It was pointed out that river-linking initiatives are misnomer, and the correct approach should be linking of water basins and sources of surface water for sustainable water management. It was also highlighted that due to poor understanding and planning several water scarce states end up having water intensive cropping patterns; case in point is Punjab.  On the other hand as an encouraging example it was highlightedthat Chhattisgarh discourages rice production during Rabi season and subsidizes wheat production.

Private Sector Participation: Interventions in these sectors and utilities in most cases are publicly funded. However, given the nature of challenges the private sector can be a source of innovation and solutions. It is generally perceived that it is difficult for the private sector to invest in water and sanitation. The range of issues includes tendering process, revenue/tariff risk and lack of focus on issues of water quality beyond flow and supply. The successful cases of PPP models in water supply from Manila and Nagpur were discussed in detail. In Nagpur sewage water is being recycled for non-potable use in the industry. It was suggested that the DBO contracts have to be effective. Right incentives for recycling and waste segregation have to be provided to tackle the challenges of landfill. Decentralized solutions and use of technology for water supply and sanitation have been strongly advocated.

Other Highlights of the Proceedings

In terms of better management of water – water footprint assessment of the private industry could be adopted. Moreover, significant R&D is required in areas like scenario building software to inform policymakers and citizens of the implications of different patterns of water use. This would improve the response from both.

Urban areas mostly source water from water basins located at a distance. This has significant cost implications. In order to keep these basins recharged and free from contamination, interventions in terms of industrial waste management and reduction of fertilizer use have to be adopted. This has social and political implications.

Conservation of water is equally important for ecological balance and protection of species. Water wastage through modern but perceivably misguided household purification devices and bottled water supply, needs fresh examination and mitigation.

It was highlighted that 498 Class I cities in India had treatment plants with average of only 32 percent of treatment and 225 Class II cities have treatment plants with a further poor average of 8 percent of treatment of the total waste generated. To improve the situation, decentralized waste management may be promoted.

  • There has been a call made to reduce food waste, plastic usage and general reduction of waste through public awareness.
  • Use of bio-toilets by the Indian Railway is a best practice and a success story from India in terms of timelines and coverage. Such decentralized waste management technologies can be adopted by urban housing societies as well.
  • Finally, there is a need to improve spatial data generation by use of technologies for effective planning and monitoring for water and  sanitation.

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