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    VinFast India Partners with Federal Bank to Strengthen Dealer Financing Ecosystem
    Sugar prices soar to Rs 70 per kg ahead of festive season in Bengal, jaggery also dearer
    Rupee gains 9 paise to 95.65 against US dollar in early trade
    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
    Over 745 gram gold paste seized at IGI; Customs nab carrier, receiver
    Quebec remains cautious on Canada-US trade deal as Ottawa pushes to restore US alcohol
    No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31; caps sugar stock for bulk consumers
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31
    DFS Organises Workshop to Strengthen Implementation of Reservation Policy Across Public Financial Institutions
    DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem and Drive Innovation
    Union Minister of Commerce and Industry Shri Piyush Goyal Strengthens India-Singapore Economic Partnership through High-Level Bilateral and Business E...
    A Vision for Responsible AI, Resilient Banking - Keynote Address [Contributions by RBI colleagues Ms. Chandni Trehan Saluja and Ms. Kavita Gangwal, De...
    Razorpay Launches Multi-Currency Account, Helping Exporters Retain International Earnings in Foreign Currencies
    DB HiTek to Make Debut at electronica India 2026, Targeting Growth in Indian Market
    BJP demands Vijayan’s resignation from Keralam LoP post over ED findings in CMRL case
    Pakistan seeks USD 10 bn US facility to bolster forex stability
    DRI busts a wildlife trafficking syndicate involved in illicit trade of ivory artefacts
    Japan reports record exports, imports for July as energy costs climb
    Five held in UP's Bareilly for alleged fake Ayushman cards racket
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August 21, 2026
Show AI Summary
Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
Show AI Summary
Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
Show AI Summary
Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
Show AI Summary
Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
August 19, 2026
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Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.

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Corp. Laws, SEBI & IBC

Expenditure on Social Services increased by more than one percentage points as proportion of GDP during last five years: Economic Survey

July 4, 2019

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Expenditure on Social Services increased by more than one percentage points as proportion of GDP during last five years: Economic Survey

Large sections of population benefit from social security schemes, more than 5 crore Farmers have benefitted under PM Kisan 2019

Proportion of Women with Bank Accounts increased from 15.5% in 2005-06 to 53% in 2015-16

The Economic Survey 2018-19 highlights the importance of investing in social infrastructure, especially education and health, as a key priority in the development strategy to achieve inclusive growth. “It is recognized that ending poverty and other deprivations must go hand in hand with strategies that improve health and education, reduce inequality and spur economic growth in a sustainable manner”, says the Economic Survey. India is working seriously to meet its commitments towards Sustainable Development Goals 2030. The Economic Survey 2018-19 was tabled in Parliament today by the Union Minister of Finance and Corporate Affairs, Smt Nirmala Sitharaman.

Trends in Expenditure on Social Services:

Expenditure on Social Services by the Centre and States increased from 7.68 lakh crores in 2014-15 to 13.94 lakh crore in 2018-19 (BE). As a proportion of GDP, the expenditure on social services has registered an increase of more than 1 percentage points during the period from 2014-15 to 2018-19 (BE), from 6.2 per cent in 2014-15 to 7.3 per cent in 2018-19 (BE). The expenditure on education, as percentage of GDP increased from 2.8% to 3% between to 2014-15 to 2018-19 (BE). Similarly, expenditure on health increased from 1.2% to 1.5% during the same period as percentage of GDP.

Women Empowerment:

The Government has initiated several programmes like Beti Bachao, Beti Padhao (BBBP), Ujjwala Scheme, Poshan Abhiyaan, Pradhan Mantri Matra Vandara Yojana etc. to mainstream women and make women active agents of change in the society. Over time, women’s participation in household decision making has improved significantly. As per NFHS-4, participation of currently married women in household decision making has increased from 76.5 % in 2005-06 to 84% in 2015-16 at all India level. The financial inclusion of women has also shown a considerable upswing at all India level. The proportion of women having a bank or saving account that they themselves use has increased from 15.5% in 2005-06 to 53% in 2015-16. Gender budgeting has been taken up across ministries in a mission mode in order to ensure gender sensitive formulation of schemes and programmes.

Social Protection Schemes:     

The Economic Survey highlights the large number of social protection schemes taken up by the government during the last five years as a part of its commitment to provide social security to the people of the country. Under the PM KISAN 2019, around 3.10 crore small farmers have received the first tranche of ₹ 2000 and 2.10 crore farmers have got the second instalment, as on 23rd April, 2019. As on 30th December, 2018, 6.18 lakh people had benefitted from PMJAY under Ayushmaan Bharat and 39.48 lakh e-cards were issued. 5.33 lakh villages in 25 States/UTs have been declared Open Defecation Free(ODF) under Swachh Bharat Mission and the country will be ODF by 2nd October, 2019.

Similarly, as on 31st October, 2018, gross enrollment under Pradhan Mantri Suraksha Bima Yojana was 14.27 crore. Gross enrollment under Pradhan Mantri Jeevan Jyoti Bima Yojana was 5.57 crore as on 31st October, 2018. Under Pradhan Mantri Rojgar Protsahan Yojana, 12% of employer contribution to EPFO of the new employees’ drawing salary upto ₹ 15000 per month is given by government for the initial three years. Social security schemes including Atal Pension Yojana, Atal Bimit Vyakti Kalyan Yojana, Pradhan Mantri Vaya Vandana Yojana, Pradhan Mantri Awas Yojana among others have brought large direct benefits to the people.

Education:

According to the Economic Survey, as per Educational Statistics at a Glance (ESAG), 2018, the thrust on providing primary education has yielded results across social categories and gender. Over the years, remarkable progress has been made in respect of female participation up-to secondary level and Gross Enrolment Rate (GER) for girls has exceeded that of boys. For the first time, class wise and subject wise learning outcomes till class VIII have been developed to achieve quality in education. The Samagra Shiksha launched in 2018-19 aims at ensuring inclusive and quality education from pre-school to senior secondary stage.  Initiatives such as Beti Bachao, Beti Padhao together with ICT-driven initiatives such as e-Pathshala and Saransh facilitate an increasing outreach of the education system. The Economic Survey recognizes that transition to higher levels of schooling, high drop-out rates at secondary levels and shortage of teachers as main areas of concern.

Health:

The Economic Survey states that Maternal Mortality Ratio (MMR) declined by 37 points from 167 per lakh live births in 2011-13 to 130 per lakh live births in 2014-16. The Under-5 Mortality Rate (U5MR) has declined at a faster pace during 2008-16 registering a decline of 6.7 per cent per year as compared to 3.3 per cent compound annual decline observed over 1990-2007. New initiatives to improve maternal and new-born health include LaQshya-Quality Improvement Initiative – to reduce preventable maternal and new-born mortality, morbidity and still births associated with care around delivery, Pradhan Mantri Surakshit Matritva Abhiyan to provide quality ante-natal care to pregnant women on the 9th of every month. To address the issue of affordability, alternative healthcare is an option. The National AYUSH Mission aims to provide cost effective and equitable AYUSH healthcare throughout the country by improving access to these services.

Skilling and Employment:

To improve the employability of the labour force, skill development is given emphasis through the National Policy on Skill Development & Entrepreneurship, the Pradhan Mantri Kaushal Vikas Yojana, Pradhan Mantri Kaushal Kendras, National Apprenticeship Promotion Scheme etc. Introduction of skill vouchers- a financing instrument given to beneficiaries that enables them to sign-up for vocational education courses at any training institute, incentivizing industry to set up training institutions in PPP mode, involvement of local industry in curriculum development; training modules; provision of equipment; training of trainers etc. can go a long way in proper skill development as per Economic Survey.

To measure labour market indicators at more frequent intervals, the Periodic Labour Force Survey (PLFS) was launched to yield annual estimates of the labour force on employment and unemployment along with quarterly estimates for urban areas. As per EPFO data, around 8.15 lakh net formal employment was generated in March, 2019.

The quality of life of people can be substantially improved by improving connectivity, which will enhance their access to medical services, schools, markets and other social services. Under Pradhan Mantri Gram Sadak Yojana (PMGSY) since 2014, around 1,90,000 km of rural roads has been constructed. MGNREGS has been instrumental and a guiding factor for tackling rural poverty and unemployement by providing employment to the rural poor and unskilled people. It has generated 267.96 crore person days of employment during 2018-19. Under Pradhan Mantri Awas Yojana as against a target of completing one crore pucca houses with basic amenities by 31st March, 2019, about 1.54 crore houses were completed.

India’s march towards achieving SDGs is firmly anchored in investing in human capital and inclusive growth.

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