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    AssetPlus Launches Portfolio Management Services to Help MFD Partners Grow and Retain High-Net-Worth Clients
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September 3, 2026
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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
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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.
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Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
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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.
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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.
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Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
September 3, 2026
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Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
September 3, 2026
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Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
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Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
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Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
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September 3, 2026
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Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
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September 3, 2026
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September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
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September 2, 2026
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September 2, 2026
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Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
September 2, 2026
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Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
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Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
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State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
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Customs, DGFT & SEZ

DRI seizes 4 bags containing opiate derivative/heroin with 395 kg at Piplav Port, Gujarat

April 29, 2022

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DRI seizes 4 bags containing opiate derivative/heroin with 395 kg at Piplav Port, Gujarat

DRI crackdown on drug smuggling syndicates results in seizure of more than 3,300 kg of Heroin, 320 kg of Cocaine and 230 kg of Hashish between January and December 2021

Acting on intelligence jointly developed by DRI and ATS Gujarat, a container is being examined by DRI at Pipavav port, Gujarat in the presence of officers of ATS, Gujarat. The said container having gross weight of 9,760 kg was declared to contain ‘thread’. On a detailed examination on 28.04.2022, out of 100 jumbo bags, four suspicious bags having a total weight of 395 kg, containing threads showed the presence of opiate derivative/Heroin in the field testing done by the regional Forensic Science Laboratory.

Bales of thread soaked in Heroin, recovered at Pipavav Port.

It appeared that the drug syndicate used this unique modus operandi in which threads were soaked in a solution containing narcotic drug – heroin which were then dried, made into bales and packed in bags. These bags were shipped along with other bags having bales of normal threads so that it would go unnoticed by the authorities. The modus operandi in this case would have required the extraction of Heroin mixed in the threads. Examination and seizure proceedings by DRI under the provisions of the NDPS Act, 1985 are continuing.

The year 2021 has witnessed substantial seizures of drugs like Heroin, Cocaine, Hashish and psychotropic substances and precursors like Methamphetamine and Pseudoephedrine by the DRI. More than 3,300 kg of Heroin, 320 kg of Cocaine and 230 kg of Hashish were seized between January and December 2021. In addition, 170 kg of Pseudoephedrine and 67 kg of Methamphetamine were seized during this period.

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Methamphetamine tablets recovered from fuel tank of a vehicle

Since January 2022, sustained efforts have yielded substantial results. Apart from the record seizures of 3,000 kg Heroin from a consignment of Talc in September 2021 at Mundra Port and 205 kg of Heroin from a consignment of Gypsum in April 2022 at Kandla Port, officers of DRI in two cases, booked in quick succession in February and March, 2022, seized Heroin from cargo containers at the container depot at Tughlakabad, New Delhi. In the first case 34.7 kg Heroin was seized from four containers declared to contain Rock Salt and in the second case 2.4 kg Heroin was seized in the form of sediment from a consignment of Pomegranate juice.

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Heroin recovered from Gypsum at Kandla Port.           

Syndicates have also tried to push narcotics like Yaba and Heroin from the Indo-Myanmar border and Hashish from the Indo-Nepal border, into India through the land borders. DRI officers have also intercepted such consignments from these borders, sometimes ingeniously concealed inside vehicles. DRI in one instance in February, 2022 seized one Lakh Yaba (Methamphetamine) tablets and affected multiple seizures of Heroin in North-East India, smuggled into India from Myanmar.

With easing of restrictions and opening of International Air travel after the restrictions imposed due to the Covid-19 pandemic were lifted, the numbers of air passengers arriving into India have increased. In the last two months, DRI has booked multiple cases of seizure of Heroin concealed in baggage and in the form of pills swallowed by body carriers. In one such major case, DRI seized 16 kg of Heroin in March 2022 concealed in the baggage of three passengers, who had arrived at Kolkata airport.

Multiple cases including seizure of 4.4 kg, 5.9 kg and 8.4 kg of Heroin in three separate seizures at Ahmedabad, seizure of 2.2 kg, 1.7 kg and 2.25 kg Heroin in the form of ingested capsules in three different seizures at New Delhiseizure of 3.2 kg Heroin at Hyderabad and seizure of 4 kg and 7.9 kg Heroin in two different cases at Chennai have been affected by the DRI in the recent past. In the last two months, DRI has also booked three cases involving seizure of 3.7 kg of Cocaine in the form of ingested capsules from passengers arriving into India. Apart from these, a number of cases have been booked by the Airport Customs based on specific inputs provided by the DRI including seizure of about 17.90 Kg Heroin at IGI Airport on 10.04.2022 which was being carried by a serving officer of the Kenyan administration.

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Ingested Heroin recovered from the passengers at the Airport

Air passengers have increasingly tried different ways and means to deceive DRI officers, including laminating the Heroin finely into their baggage which are almost invisible to the naked eye. Ingenious concealment methods like use of shampoos and food items to conceal the Heroin have also been observed. The most challenging cases are the ones where Air passengers are used as the body carriers, who ingest laminated pills of contraband, to smuggle them into India which not only require high level of intelligence work to precisely identify such carriers, but partly due to the inherent risks to the life of the carrier.

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