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    India–Afghanistan Joint Working Group on Trade Holds Virtual Meeting; Reviews Measures to Strengthen Bilateral Trade and Economic Cooperation
    PM Surya Ghar Yojana 2026: How to Get Rs 78,000 Solar Subsidy & Cut Your Electricity Bill
    Japan's JCR upgrades India's sovereign rating to 'A-', cites solid growth, improved financial system
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September 2, 2026
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Trade facilitation and customs cooperation drive follow-up action on connectivity, regulatory coordination, investment promotion and bilateral commercial engagement.
India-Afghanistan bilateral trade and economic cooperation is being advanced through institutional engagement on trade facilitation, customs cooperation, connectivity, investment and commercial exchange. Priority areas include customs and data-sharing cooperation, visa facilitation for traders, banking and financial cooperation, pharmaceutical and agricultural trade, energy cooperation, tariff concessions, cargo connectivity and port-related matters. Follow-up action covers regulatory cooperation, improved connectivity, investment promotion and business-to-business engagement.
September 2, 2026
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Residential rooftop solar subsidy requires eligibility, prior approval, registered installation, net metering, commissioning, and verified bank details for direct transfer.
PM Surya Ghar Muft Bijli Yojana provides central financial assistance for eligible grid-connected residential rooftop solar systems, capped at Rs. 78,000 for systems of three kilowatts or more. Applicants must be Indian citizens who own a suitable house, hold a valid electricity connection, and have not received an earlier solar-panel subsidy. Applications require portal registration, distribution-company feasibility approval, installation through a registered vendor, net metering, inspection, commissioning and submission of bank details. Assistance is transferred directly after verification. State-specific net-metering procedures, approvals and additional incentives may apply.
September 2, 2026
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Sovereign credit rating upgrade reflects solid growth, stronger financial systems, and improving fiscal and external resilience.
JCR upgrades India's foreign-currency and local-currency long-term issuer ratings to A- with a stable outlook, citing sustained economic growth, productivity-oriented policies and improved financial-system soundness. Fiscal constraints include elevated deficits, intergovernmental fiscal transfers, electoral-cycle sensitivity, and high combined government debt and interest burdens. Greater emphasis on infrastructure capital expenditure has improved the quality of fiscal spending. External resilience is supported by a contained current account deficit, services surplus and foreign-exchange reserves exceeding short-term external debt.
September 2, 2026
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Personal insolvency bench constitution and repayment-plan eligibility remain contested where a larger tribunal bench stays a third-member order.
Personal insolvency proceedings raised a challenge to the National Company Law Tribunal's authority to constitute a five-member bench after a split verdict. The challenge contended that the mechanism for differing views permits reference to another member or members, but does not authorise a five-member bench. The larger bench stayed the third member's order, restricted asset alienation, and suspended an order permitting settlement of personal-guarantee claims. The dispute concerned the validity of that bench, the split-verdict reference procedure, repayment-plan eligibility, and pending creditor appeals.
September 2, 2026
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Digital lending app verification enables borrowers to identify regulated lenders, grievance channels, and warning signs before accepting loans.
GoCredit's Loan App Checker allows borrowers to search lending apps against the public Digital Lending App directory and identify the regulated lender, grievance contact and RBI Ombudsman escalation route where a match exists. Regulatory reporting by regulated entities enables app-level verification, while borrowers should also check the lender named in app disclosures and loan agreements. A directory listing is a regulated-entity disclosure, not RBI approval or endorsement. Unmatched apps should be assessed through verification steps and reported through official channels where appropriate.
September 2, 2026
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Rupee depreciation in early trade reflected oil-price pressures, risk aversion, higher Treasury yields and broad dollar strength.
Early foreign-exchange trading saw the rupee weaken against the US dollar amid renewed US-Iran tensions, risk aversion, higher Brent crude prices, and a stronger dollar. Safe-haven demand, inflation concerns linked to potential oil-supply disruption, expectations of a September Federal Reserve rate increase, and higher US Treasury yields supported the broad dollar rally. RBI monitoring of the rupee's decline was noted.
September 2, 2026
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Responsible AI governance requires ethical safeguards, privacy protection, accountability and adaptive oversight to build lasting corporate stakeholder trust.
Responsible artificial intelligence governance requires continuous innovation, inclusive development, responsible deployment and trust-based governance. AI systems should be ethical, safe, transparent, fair and human-centric, with safeguards for privacy, bias, security and accountability. Proportionate and adaptive regulation should provide clear accountability, standards, monitoring, auditability and grievance redressal. Good governance, cybersecurity, personal data protection and responsible AI together strengthen organisational resilience, stakeholder trust, transparency and sustainable innovation.
September 2, 2026
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E-auction of surplus public land enables transparent outright sale of RINL parcels through registered, KYC-verified bidding.
National Land Monetization Corporation will facilitate the e-auction and outright sale of 459 encumbrance-free RINL land parcels, including residential plots and parcels suited for commercial and logistics use. Competitive bidding will occur through the RailTel E-Nivida e-procurement platform. Participation requires online registration, KYC verification, and plot-wise submission of an earnest money deposit within prescribed timelines. The process supports transparent monetisation of surplus land and non-core public assets.
September 2, 2026
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Competition approval for infrastructure finance restructuring covers acquisition, minority transfer, investment divestment, and merger of regulated NBFCs.
Competition Commission of India approval applies to the acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd., a subsequent minority share acquisition by ICICI Bank Limited, and Aseem's divestment of its shareholding in NIIF Infrastructure Finance Limited to National Investment and Infrastructure Fund II. Following the acquisition, Climate Finance India Private Limited is intended to merge into Aseem as the surviving entity. The entities involved include RBI-registered non-deposit taking NBFCs operating in infrastructure finance, investment and credit, and infrastructure debt financing.
September 2, 2026
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Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
Competition Commission approval covers KCIL's acquisition of up to 100% equity shareholding in AFCPL and 100% equity shareholding in ASHPL. The combination includes KCIL issuing equity shares and optionally convertible debentures to AHLL, representing 9.9% fully diluted shareholding as partial consideration, together with a further KCIL equity investment by Arvon Investments Pte. Ltd. KCIL operates mother and baby care hospitals, while AFCPL provides assisted reproductive treatment and reproductive-medicine services.
September 1, 2026
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Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.
September 1, 2026
Show AI Summary
Foreign exchange market dynamics: rupee appreciation reflected portfolio inflows, domestic growth, and possible central-bank intervention amid external pressures.
The rupee appreciated against the US dollar, supported by domestic growth, controlled fiscal slippage, portfolio-related inflows and possible Reserve Bank of India intervention. Its gains were limited by weak equity markets, rising crude oil prices and a stronger dollar. External geopolitical tensions and hawkish US monetary signals remained potential pressures. Domestic indicators showed strong economic activity, while the current account deficit widened because of a higher merchandise trade deficit. Foreign portfolio inflows continued despite investors remaining net sellers during the year.
September 1, 2026
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Current account deficit widened as merchandise trade deficit increased, notwithstanding stronger services receipts, remittances, and foreign direct investment inflows.
India's current account deficit widened in the first quarter of 2026-27 as the merchandise trade deficit increased. Higher net services receipts, increased personal transfer receipts and lower net primary-income outgo partly supported the external account. Financial-account movements included higher net foreign direct investment inflows, a shift in foreign portfolio investment from net inflow to net outflow, and lower net inflows through non-resident deposits and external commercial borrowings. Foreign exchange reserves declined on a balance-of-payments basis during the quarter.
September 1, 2026
Show AI Summary
Technology-enabled tax compliance and enforcement supported higher commercial tax collections, while GST rate reductions moderated sectoral net GST growth.
Technology-enabled tax administration supported commercial tax and net GST collection growth in Andhra Pradesh during August 2026 and the cumulative period through August. AI-based analytics and scrutiny, IGST reversals, UPI-based enforcement, registration verification, Aadhaar authentication, digital payment enablement, predictive analytics and data sharing strengthened compliance, scrutiny and revenue mobilisation. Petroleum VAT, professional tax, liquor VAT and IGST settlement also increased, while GST rate reductions moderated net GST performance in specified product sectors.
September 1, 2026
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Windfall gains tax on petroleum exports rises for petrol and diesel while aviation turbine fuel levy is reduced.
Special additional excise duty and road and infrastructure cess on petroleum-product exports are revised with effect from 1 September 2026. The export duty on diesel is increased, the levy on aviation turbine fuel is marginally reduced, and a duty is imposed on petrol exports. Existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall-tax framework seeks to support domestic fuel availability and deter exporters from benefiting from domestic and international price differences.
September 1, 2026
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Automated Free Sale and Commerce Certificate issuance reduces manual scrutiny while preserving risk-based review for eligible exporters.
DGFT has enabled automated issuance of Free Sale and Commerce Certificates through its portal for eligible exporters of items not covered by the Drugs & Cosmetics Act, 1940. Applications satisfying prevailing framework and automated processing parameters may be issued without manual scrutiny. Applications requiring verification or not meeting those parameters may be routed for manual processing, while auto-approved applications may be flagged later for risk-based review. The mechanism seeks faster, more transparent and predictable processing while retaining necessary oversight.
September 1, 2026
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Five-day banking and equitable performance incentives drive planned nationwide bank union strike amid unresolved pension demands.
United Forum of Bank Unions has proposed nationwide strike action over delayed five-day banking, the performance-linked incentive framework, and unresolved pension demands. Five-day banking was agreed under the 12th Bipartite Settlement/9th Joint Note with extended Monday-to-Friday working hours, but remains pending for implementation. Unions challenge the incentive scheme for departing from a uniform, bank-performance-linked approach and for disproportionately benefiting senior officers. The dispute is under conciliation and pending before the Delhi High Court, while pension updation, a uniform dearness allowance formula, and an old pension scheme option remain unresolved.
September 1, 2026
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Equity market volatility intensified as higher crude prices, geopolitical tensions and tighter monetary expectations weakened domestic investor sentiment.
Indian equity markets closed marginally lower as higher crude oil prices, US-Iran tensions, and expectations of prolonged tight United States monetary policy weakened risk appetite. The phased Closing Auction Session contributed to a late recovery in the benchmark index. Rising crude prices and global bond yields triggered broad-based selling across several domestic sectors, while foreign institutional equity sales and weakness in overseas markets added to pressure despite stronger-than-expected domestic economic growth.
September 1, 2026
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GST revenue collections show higher gross and net receipts alongside increased refunds and state-level settlement data.
GST revenue collections for August 2026 recorded total gross GST revenue of Rs. 1,99,853 crore, reflecting 14.8% growth over August 2025. Total refunds were Rs. 31,795 crore, including domestic refunds and export IGST refunds processed through ICEGATE. After adjustment of refunds, total net GST revenue was Rs. 1,68,057 crore, representing 8.3% growth. SGST collections and the SGST component of IGST settlement were separately identified for States and Union Territories, with post-settlement SGST aggregating Rs. 95,531 crore.
September 1, 2026
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Trade facilitation and customs preparedness feature in AILBIEA's Silver Jubilee knowledge conference on liquid bulk commerce.
AILBIEA's Silver Jubilee programme focuses on trade facilitation, customs modernisation, GST dispute preparedness and maritime-risk issues affecting liquid bulk trade. The Knowledge Conference includes sessions on the Authorised Economic Operator advantage, next-generation customs technology, GST Appellate Tribunal-era dispute preparedness, and geopolitical risks to sea-borne trade. It also marks the launch of AGS 360, integrating port information, vessel tracking, port-call estimates and maritime intelligence.

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Delhi Laws (Special Provisions) Bill, 2011 Passed Sh Kamal Nath Directs DDA to consider Public Feedback before finalizing MPD-2021

December 14, 2011

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Press Information Bureau

Government of India

Ministry of Urban Development

14-December-2011 18:12 IST

The Parliament today passed the “The National Capital Territory of Delhi Laws (Special Provisions) Second Bill, 2011” to make special provisions for the National Capital Territory of Delhi (NCTD) for a further period of three years from 1st January, 2012 to 31st December, 2014. This is in continuation of the National Capital Territory of Delhi Laws (Special Provisions) Act, 2011 which is valid up to 31 December 2011.

The proposed act will provide temporary relief and minimize avoidable hardship and irreparable loss to the people of NCTD, while facilitating realistic revision of Master Plan for Delhi (MPD-2021) and ensuring its smooth implementation by maintaining status quo in the entire National Capital Territory of Delhi.

No punitive action shall be taken till 31st December, 2014, in any area of NCTD provided compliance is made to such directions, as the Central Government may give from time to time, and that any punitive action required to be taken by the local authorities shall be carried only with the specific approval of the Administrator of Delhi.

Despite the protection being provided certain fundamental safety measures such as structural stability, fire safety, etc. as provided under the relevant building bye laws, will not be compromised. Also no relief shall be available from encroachment on public land, except where explicitly covered under the Act.

Urbanisation is a natural part of the developmental process and in the last couple of decades has gathered significant momentum. The urban population has increased from 285 million in 2001 to 400 million in 2011 and by 2030 is likely to reach over 600 million. The number of towns has increased from 5161 in 2001 to 7935 in 2011.

The increase in population of Delhi in the last 20 years has been more than its total population till 1980. Delhi Master Plans, including MPD 2021have not been able to cope with this growth momentum leading to increase in unauthorized colonies, slums and Jhuggi-jhompris and associated problems. 

The current Master Plan for Delhi (MPD-2021) has provided for its review and revision every five years, to account for such modifications and corrections that emerge based on ground realities. The first review of MPD-2021 has already commenced and is expected to lead to the necessary modifications including land use and development norms. Therefore, it is expedient to introduce a legal framework to ensure that no hardship is imposed on people until the revision of Master Plan is completed.

Sh Kamal Nath has directed DDA to create an enabling structure for the receipt of suggestions from the public and to ensure that all suggestions are considered before arriving at the revised Master Plan. DDA has been directed to create Master Plan review cells, each responsible for a particular area of Delhi to be headed by an officer of appropriate seniority. The names of these officers along with other details would be published in newspapers so that the public and other associations may make their representations to them. The public is encouraged to continue sending their suggestions to these officers, irrespective of the last date for receipt of suggestions being over. DDA has also been told to hold “Open House” in each of the areas and visit the areas in order to factor in the ground realities. The DDA would create a designated space on their website, where each and every suggestion would be posted.

In addition to the team created by the Hon’ble LG for the review of MPD – 2021, Minister Nath has constituted an Apex Committee under the Chairmanship of Hon’ble LG. The other members of the Apex Committee would include Secretary (Urban Development), Secretary (HUPA) and Chief Secretary, Delhi. This Apex Committee would formally submit the revised MPD – 2021 for the consideration of the Minister. The Committee may submit its reports and recommendations in parts. It is expected that the first report of the Committee will be submitted to the Ministry of Urban Development not later than June 30, 2012.

It is also proposed to simultaneously constitute an Expert Committee that will examine the possibility of enhancing FAR for different uses and areas in Delhi. Agreeing with the Approach paper to the 12th Five Year Plan Minister Nath stated that there is very inefficient use of urban land in India. This is because of very low FAR permitted in India.  There is a bias in India against vertical cities as compared to land - intensive horizontal cities. This needs to be examined holistically.

DDA has further been directed to set up an on-line system for conversion of properties from leasehold to freehold. This would go a long way in providing relief to the public.

It is also proposed to create a Delhi Urban Regulatory and Appellate Authority. This body would be given the responsibility to hear and recommend to the Ministry of Urban Development temporary/permanent land use changes in the Master/Zonal plans and prescribe the procedure for land use changes, to vet the local area plans of local authorities, to review building regulations and examine suggestions in respect of changes in building regulations, to consider cases of building regulations beyond normal compounding limits and to review the development charges of DDA.                

Several steps had been taken to finalise norms, policy guidelines, feasible strategies and lay down orderly arrangements to deal with the problem of encroachments and unauthorized developments in Delhi. However, a lot of  work remains incomplete - the Delhi Urban Shelter Improvement Board has not yet completed the survey to identify eligible slum dwellers all over Delhi; a draft Bill is under preparation by GNCTD to address the issues concerning hawkers and urban street vendors; MCD has sent only 140 redrafted layout plans for unauthorized colonies, and GNCTD is in the process of fixing the boundary on these scrutinised/ redrafted layout plans;  a two years time frame is required to finalise the farm house policy; for schools, dispensaries, religious institutions and cultural institutions, the scrutiny of individual cases is required to be taken up and eligible institutions shall have to be referred to the respective local authorities for requisite clearances and approvals and cases involving incompatible land use will need to be processed for change of land use; Guidelines for Redevelopment of Godowns Clusters existing in non-conforming areas is yet to be framed; more time is needed for preparation and orderly implementation of redevelopment plans for Special Areas (i.e. Walled City, Walled City Extension and Karol Bagh). 

The Delhi Laws (Special Provisions) Act, 2006 was introduced on 19th May, 2006 for one year.  This has been followed by subsequent legislations. The last such legislation made viz. the National Capital Territory of Delhi Laws (Special Provisions) Act, 2011 will cease to operate after 31.12.2011. 

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