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    Five held in UP's Bareilly for alleged fake Ayushman cards racket
    MSMEs are the true builders of India’s economic resilience: LG Sinha
    RBI MPC preferred wait-and-watch stance amid food and fuel inflation risks: Minutes
    Bihar Police arrests man over alleged exam irregularities
    United Arab Emirates suspends trade with Iran after coming under renewed missile fire
    RBI minutes: Governor Malhotra awaits more clarity on inflation, opts for rate hold
    Instant Credit Card Application With JioFinance: Step-by-Step Guide
    Union Minister of Commerce & Industry Shri Piyush Goyal leaves for Singapore for 4th India-Singapore Ministerial Roundtable and 4th India-Singapore Bu...
    IDFC FIRST Bank successfully accesses international debt capital markets with maiden US$500 million bond issuance
    Any attempt to defame CAS by manipulation will be dealt with sternly, warns Sebi's Pandey
    Rupee falls 2 paise to settle at 95.76 against US dollar
    QualityKiosk Establishes Hyderabad Engineering Hub to Advance AI Reliability, Agentic Engineering and AI Assurance for Global Enterprises
    ED raids SP leader Azam Khan's Trust and university in UP
    Rupee rises 1 paisa to 95.73 against US dollar in early trade
    CCI approves acquisition of 23% equity shareholding of TM International Logistics by Tata Steel Ltd
    CCI approves acquisition of additional shareholding of Acko Technology & Services Pvt Ltd. by General Atlantic Singapore ACK Pte. Ltd
    Union Minister of Commerce & Industry Shri Piyush Goyal invites Japanese businesses to deepen investments and partnerships in India
    Department of Commerce Organises Awareness Session on EU CBAM Regulations for Exporters
    PSB Confluence 2026 concludes with actionable strategies across seven themes for Public Sector Banks and Public Financial Institutions
    Previous LDF govt didn't fulfil many obligations related to Vizhinjam port: CM Satheesan
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    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.
    August 19, 2026
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    MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
    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.
    August 19, 2026
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    Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
    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.
    August 19, 2026
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    Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
    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.
    August 19, 2026
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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.
    August 19, 2026
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    Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
    Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
    August 19, 2026
    Show AI Summary
    Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
    Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
    August 19, 2026
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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.
    August 19, 2026
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    International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
    IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
    August 19, 2026
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    Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
    Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
    August 19, 2026
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    Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
    Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
    August 19, 2026
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    AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
    QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
    August 19, 2026
    Show AI Summary
    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.
    August 19, 2026
    Show AI Summary
    Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
    Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
    August 19, 2026
    Show AI Summary
    Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
    Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
    August 19, 2026
    Show AI Summary
    Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
    Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.
    August 19, 2026
    Show AI Summary
    India-Japan investment partnership prioritises technology, manufacturing and infrastructure collaboration, with Uttar Pradesh positioned for deeper Japanese commercial engagement.
    India-Japan economic cooperation is positioned for deeper investment and commercial partnerships in manufacturing, technology, infrastructure, energy, defence, artificial intelligence, semiconductors, critical minerals, batteries and next-generation mobility. Uttar Pradesh is identified as a prospective destination for Japanese investment because of its workforce, connectivity, manufacturing base, MSME sector, export capacity, transport infrastructure and industrial clusters. Investment facilitation is associated with reforms in ease of doing business, digital public infrastructure and multimodal logistics.
    August 19, 2026
    Show AI Summary
    Carbon border adjustment compliance requires reliable emissions data, reporting, accreditation and verification throughout exporters' supply chains.
    European Union Carbon Border Adjustment Mechanism compliance requires exporters to address covered products, embedded-emissions calculation, data collection, reporting, accreditation and verification. Preparedness across the export value chain depends on timely emissions data from suppliers and other stakeholders, supported by credible verification mechanisms. Capacity-building and engagement seek to facilitate workable compliance with evolving sustainability-related international trade requirements.
    August 19, 2026
    Show AI Summary
    Youth banking engagement promotes sustained customer relationships through digital access, campus outreach and financial support across evolving life stages.
    Public Sector Banks and Public Financial Institutions are urged to implement actionable strategies with clear ownership and realistic timelines. Youth banking engagement is to be strengthened through a focused campaign, a common digital access platform and physical outreach, supporting young customers' evolving financial needs. Priority sector lending requires granular monitoring, early identification of target gaps and productive credit flow to intended beneficiaries. Agriculture and horticulture value-chain financing may cover farmer producer organisations, storage, processing, logistics and market linkages, while credit card strategies include digital onboarding, cross-selling and RuPay-UPI integration.
    August 18, 2026
    Show AI Summary
    Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
    Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.

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      News and Press Release

      NCAVES India Forum 2021

      January 29, 2021

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      The NCAVES India Forum 2021, organised by the Ministry of Statistics and Programme Implementation (MoSPI) in a virtual format, with live sessions on January 14, 21 and 28, 2021,concluded on the January 28, 2021. The event covered a wide range of topics pertaining to the System of Environmental Economic Accounting (SEEA). The first live session was dedicated to the discussion on the efforts made by India and the international agencies in the domain of environmental accounting and the second live session held on January 21, 2021 focussed on the Policy Demand for NCA in India and emerging opportunities for NCA to support national priorities in India. The focus of concluding session today was the achievements in natural capital accounting at the sub-national leveland the prospects of natural capital accounts in India. In addition, MoSPI released the India EVL Tool giving a synoptic view of the environmental valuation studies conducted in India during the past twenty years. The recordings of the live session for both the days are available at http://ncavesindiaforum.in.

      The event witnessed enormous participation from all over the globe. Some of the highlights of the Forum are given in the following paragraphs.

      The Hon’ble Union Minister of State (Independent Charge) of Ministry of Statistics and Programme Implementation and Ministry of Planning, Rao Inderjit Singh, emphasized that the Ministry’s constant endeavour to provide timely, quality statistics would enable evidence-based policy-making.

      The Hon’ble Union Minister of Environment, Forest and Climate Change, Shri Prakash Javadekar stressed that a holistic approach should be adopted taking into consideration both the environmental conservation as well as growth of the country. He highlighted that the Government is firmly proceeding to guide the country on the path of sustainable development and looks forward to evolving a comprehensive view of the natural resources and ecosystems.

      Hon’ble Minister of State for Environment, Forest and Climate Change, Shri Babul Supriyo highlighted that the State Governments play a major role in the ensuring that the development activities are devoid of any negative effect on the environment and that the need of the hour is to work collaboratively with states and local governments to implement laws that protect environment.

      In the first session on 14th Jan 2021, His Excellency Mr. Ugo Astuto, Ambassador of the EU Delegation to India, complimented MOSPI on its efforts and stressed the importance of natural capital accounting to build science-based, data driven policies and in monitoring their implementation. The importance of protecting the natural capital and addressing the concerns of sustainability were stressed by all the dignitaries including by Ms. Inger Andersen, Under Secretary General and Executive Director, UNEP, Ms. Elizabeth Mrema, Executive Secretary, Convention on Biological Diversity (CBD) and Mr. Elliott Harris, Assistant Secretary General and Chief Economist, UN. They endorsed the use of SEEA as an integrated information system that can help take the right decisions to counter the present day challenges, including those of climate change and the biodiversity crisis.

      Emphasizing the relevance of environment accounting to the Indian context, Ms.Renata Dessallien, UN Resident Coordinator, pointed out that holistic growth or development can only be concretized by ensuring planetary well-being.

      Dr. Kshatrapati Shivaji, Secretary, MoSPI highlighted that MoSPI is geared up to redefine its roles and responsibilities in line with the national priorities and to strengthen India’s national statistical system to provide timely inputs for policy and stronger dissemination practices for public. He also informed that the adoption of the System of Environmental Economic Accounting (SEEA) is one of the initiatives taken up by the Ministry in this direction.

      There were interesting presentations and deliberations on the use of the System of Environmental Economic Accounting (SEEA) by eminent dignitaries including Mr. Stefan Schweinfest, Director, UNSD, Ms. Susan Gardner, Director, UNEP, Ms. Karin Erika Kemper, Director, World Bank, Mr. Bert Kroese, Chair, UN Committee of Experts on Environmental Economic Accounting and Ms. Gemma Van Halderen, Director, UNESCAP. There was a general consensus that the SEEA framework can be used effectively to enable decisions that can ensure sustainability. The efforts made by MoSPI to implement the SEEA using a modular approach were complimented by all dignitaries.

      The Forum witnessed the policy makers urging the statistical community to give greater impetus to the work of environmental accounting, since it could help make informed economic decisions. Representing the group of policy makers were Prof K. Vijay Raghavan, Principal Scientific Adviser, Dr. Sanjeev Sanyal, Principal Economic Adviser, M/o Finance, Shri Ram Mohan Johri, Director General, Office of the Comptroller and Auditor General of India and Ms. ChhaviJha, JS(NRM), Ministry of Agriculture & Farmers Welfare. The same sentiment was echoed by the business sector and the academia as well, who were represented by CII and TERI.

      During the Forum, efforts made at the sub-national level were also highlighted, with presentations on studies in Himachal Pradesh, Uttarakhand, Rajasthan and Karnataka. In addition, the Forum witnessed deliberations from Organisations active in the field in India such as National Remote Sensing Centre, Forest Survey of India, Soil and Land Use Survey of India, National Biodiversity Authority (NBA), Wetlands International, Wildlife Institute of India (WII) and World Resources Institute(WRI).

      In the second session held on January 21, 2021, MoSPI announced its plan to develop a “Strategy for Environmental Economic Accounting for India”. The first round of deliberations on the content of this Strategy was initiated in the panel discussion on the “Prospects of NCA in India”. The panelists– Mr. AtulBagai, Country Director, UNEP, Mr. Makoto Shimizu from SIAP and Mr. Thomas Danielewitz, World Bank – shared their perspectives on the matter and also discussed some of the initiatives taken up by their organisations aligned with the proposed MOSPI strategy.

      Dr. Shailja Sharma, DG(Statistics), MoSPI gave insights into MoSPI’s future course of action planned for the implementation of the SEEA framework and described in detail about the efforts taken by the Ministry in alignment with the global objectives. She also announced the Ministry’s plans to develop a Strategy for Environmental Economic Accounting, that would be released on the National Statistics Day on June 29, 2021.

      The web-portal developed for the Forum had about 150 resources on environmental accounting including regular data series and research publications. The Ministry expresses its gratitude to all the stake holders, national and international delegates for making the event a huge success. The Ministry looks forward to collaborate with the national and international organizations for enhancing the scope of the environment statistics and environmental accounts in India.

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