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August 20, 2026
A Vision for Responsible AI, Resilient Banking - Keynote Address [Contributions by RBI colleagues Ms. Chandni Trehan Saluja and Ms. Kavita Gangwal, Deputy General Managers; and Shri Bharadwaj Bantu, Assistant General Manager, are gratefully acknowledged] delivered by Shri Shirish Chandra Murmu, Deputy Governor, Reserve Bank of India, at the fourth edition of the CNBC-TV18 Banking Transformation Summit, Mumbai, August 19, 2026
Show AI Summary
Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
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August 20, 2026
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Show AI Summary
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August 20, 2026
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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.
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Show AI Summary
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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.
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MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
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Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
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Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
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Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
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Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
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IDFC FIRST Bank successfully accesses international debt capital markets with maiden US$500 million bond issuance
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International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
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August 19, 2026
Any attempt to defame CAS by manipulation will be dealt with sternly, warns Sebi's Pandey
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Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
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August 19, 2026
Rupee falls 2 paise to settle at 95.76 against US dollar
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Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
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AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
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ED raids SP leader Azam Khan's Trust and university in UP
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Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.

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Income Tax

Facilities for New Start-Ups

November 20, 2019

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Startup India Initiative was launched on 16th January 2016. The Startup India Action Plan with 19 Action Points intends to build a strong eco-system for nurturing innovation and startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Action Plan is divided across the following areas:

  1. Simplification and Handholding
  2. Funding Support and Incentives
  3. Industry- Academia Partnership and Incubation

The incentives being provided to startups under Startup India initiative to overcome their initial hurdles are given below:

  1. Self-Certification under 6 Labour Laws & 3 Environmental Laws
  2. Relaxations in Public Procurement Norms
  3. Faster exit under the Bankruptcy Code
  4. Rebates on Patent & Trademark filing fees, support from facilitators and expedited examination of Patent application
  5. Income Tax exemption under Section 80 IAC of Income Tax Act
  6. Exemption from Income Tax on investments received above fair market value under clause (ii) of the proviso to clause (viib) of sub-section (2) of section 56 of the Income Tax Act
  7. Funding support under the Fund of Funds for startups
  8. Guidance and facilitation support from Startup India Hub

The details of Startups founded all over country is not compiled, however, various initiatives undertaken under Startup India initiative have resulted in increase in recognition of Startups by DPIIT since the launch of the initiative as under: 

Fiscal Year

Number of startups recognized

2016-2017

746

2017-2018

7961

2018-2019

8618

2019-2020 (Till November 5, 2019)

7141

The data on number of startups which are still functional for three years or have failed in three years of their launch is not compiled. As per data self-reported by startups, a total of 3 startups from Pratapgarh have been recognized by DPIIT. List of state-wise and industry-wise startups recognized by DPIIT since the launch of the initiative in 2016 based on data self-reported by startups are at Annexure I and Annexure II, respectively. Product-based data of the recognized startup by DPIIT is not compiled.

 ANNEXURE-I

List of State/UT-wise number of Startups recognized by DPIIT 

State/UT

2016

2017

2018

2019 (Till 5th November 2019)

Andaman and Nicobar Islands

0

1

2

5

Andhra Pradesh

4

103

162

140

Arunachal Pradesh

0

0

2

2

Assam

10

35

68

57

Bihar

1

48

149

135

Chandigarh

9

22

27

32

Chhattisgarh

11

57

121

143

Dadra and Nagar Haveli

0

3

0

2

Daman and Diu

0

1

1

0

Delhi

75

743

1187

1152

Goa

2

20

44

32

Gujarat

29

298

452

514

Haryana

28

271

487

591

Himachal Pradesh

0

9

17

25

Jammu and Kashmir

2

15

48

37

Jharkhand

2

35

88

80

Karnataka

67

886

1213

1374

Kerala

24

172

332

563

Madhya Pradesh

7

107

297

272

Maharashtra

93

1104

1661

1778

Manipur

0

4

7

4

Meghalaya

0

0

2

6

Mizoram

0

0

2

1

Nagaland

1

4

2

2

Odisha

4

115

168

142

Pondicherry

0

3

16

6

Punjab

7

31

70

81

Rajasthan

14

140

246

300

Sikkim

0

1

0

2

Tamil Nadu

54

271

459

489

Telangana

20

328

511

492

Tripura

0

0

4

5

Uttar Pradesh

29

413

791

709

Uttarakhand

4

45

69

84

West Bengal

8

181

275

255

 ANNEXURE-II

List of industry-wise number of startups recognized by DPIIT 

Industry

2016

2017

2018

2019(Till 5th November 2019)

Advertising

0

54

92

89

Aeronautics/Aerospace & Defence

0

24

78

87

Agriculture

0

174

319

427

AI

0

73

218

288

Analytics

0

64

102

106

Animation

0

5

13

12

AR/VR (Augmented + Virtual Reality)

0

40

66

81

Architecture/Interior Design

0

19

52

56

Art & Photography

0

35

32

32

Automotive

0

82

141

158

Chemicals

0

21

41

54

Computer Vision

0

23

33

33

Construction

0

83

212

282

Dating/Matrimonial

0

3

8

11

Design

0

53

105

79

Education

0

313

767

658

Enterprise Software

0

148

249

263

Events

0

22

40

52

Fashion

0

59

111

102

Finance Technology

0

160

237

362

Food & Beverages

0

179

365

450

Green Technology

0

128

274

310

Healthcare & Lifesciences

0

424

768

808

House-Hold Services

0

38

76

78

Human Resources

0

53

149

171

Internet of Things

0

143

265

246

IT Services

0

610

1417

1351

Marketing

0

73

243

226

Media & Entertainment

0

96

166

197

Nanotechnology

0

12

21

20

Non-Renewable Energy

0

12

27

31

Other Specialty Retailers

0

30

66

63

Pets & Animals

0

12

22

24

Professional & Commercial Services

0

190

388

400

Real Estate

0

34

80

95

Renewable Energy

0

142

292

262

Retail

0

116

241

224

Robotics

0

28

71

81

Safety

0

10

27

26

Security Solutions

0

36

87

84

Social Impact

0

37

64

73

Social Network

0

60

82

105

Sports

0

25

40

54

Technology Hardware

0

152

260

286

Telecommunication & Networking

0

53

105

83

Textiles & Apparel

0

61

100

105

Transportation & Storage

0

100

164

216

Travel & Tourism

0

72

199

211

Not Reported

505

1085

5

0

 This information was given by the Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Lok Sabha today.

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