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August 4, 2026
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Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
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August 4, 2026
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August 4, 2026
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The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
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Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
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August 4, 2026
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Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
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MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
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imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
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August 4, 2026
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WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
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August 4, 2026
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Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
August 4, 2026
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Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
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Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
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Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
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Customs, DGFT & SEZ

Finance and Corporate Affairs Minister inaugurates ‘Kendriya GST Parisar’ residential complex for CGST officers at Kharghar, Navi Mumbai

September 15, 2022

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Finance and Corporate Affairs Minister inaugurates ‘Kendriya GST Parisar’ residential complex for CGST officers at Kharghar, Navi Mumbai

We need to better utilize AI, data-analytics, IoT and other technologies to identify fraudulent practices, such as detection of tax evasion and better train officials on these aspects : Nirmala Sitharaman

The next residential project of CBIC is coming up at Wadala over a 40 acres plot, with more than 4000 residential units and three office towers: Revenue Secretary

Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman inaugurated ‘Kendriya GST Parisar’, a residential project for officers and staff of CGST Mumbai Zone under the Central Board of Indirect Taxes and Customs (CBIC), at Kharghar, Navi Mumbai today. The Finance Minister ceremonially handed over the keys to the first five allottees, who are officers of different ranks and cadres of the CBIC. Union Minister of State Finance Sh. Pankaj Chaudhary was also present on the occasion. Revenue Secretary Shri Tarun Bajaj, CBIC Chairman Shri Vivek Johri, Member (Administration) of CBIC Smt. Sungita Sharma, Principal Chief Commissioner CGST Mumbai Zone Shri Ashok Kumar Mehta and other senior officers from CBIC and officers and staff from CGST Mumbai Zone Mumbai zone were present amongst the dignitaries.

Kendriya GST Parisar is a spacious residential project with well thought layout and located at one of the most preferred locations In Navi Mumbai. The project sits at a crossroads of connectivity to major avenues of Mumbai and Pune and has quick and easy access to hospitals and Educational Institutes. The inauguration of project in Amrit Kaal during the Azadi Ka Amrit Mahotsav showcases the strength of New India.

Addressing the gathering, Finance Minister expressed special appreciation to former Chairman of CBIC and his team for taking up the project and getting it cleared and executed. Smt. Sitharaman said that it gives her immense satisfaction to be in places where projects for welfare of Finance Ministry’s field formations are taken up and completed. Noting that the project has been completed in record time and cost by the public sector organization NBCC even during the pandemic, Finance Minister said that, “it is exemplary and proves that government organisations can excel and compete with the private sector as well”. In this context, she said that Government and Quasi-Government organizations had in earlier times been looked at with a sense of uncertainty. “Today is a rare occasion when a project is completed within time and cost, without compromising quality and keeping the future in mind”, said the Finance Minister.

Speaking about the achievements of CBIC, the Finance Minister said, “You keep doing good work, generating revenues, you are noticed for it, PM made a special appreciative mention recently on level of GST revenues”. The Finance Minister also spoke about the need for training CBIC officials for better utilization of Artificial Intelligence, Data-analytics, IoT and other technologies to identify fraudulent practices, such as detection of tax evasion.

The FM was appreciative of the Central Intelligence Unit team of CGST Mumbai Zone for fantastic data analysis and mining tools used for large scale tax evasion resulting in big recovery and booking of offenders. He also lauded the effort of the department to take care of future needs and development required for the second phase for welfare of officers and staff.

Minister of State for Finance Shri Pankaj Chaudhary appreciated the team that implemented the project for completion of the work at a cost of Rs 100 crores, which is less than the allocated project cost of Rs 110 crores. He also lauded the effort of the department to take care of future needs and development required for the second phase for welfare of officers and staff.

Revenue Secretary Shri Tarun Bajaj said, it is very important to take care of the tax officers, especially in terms of their accommodation, if good productivity is to be expected from them. In this context, there has been emphasis for the last year and a half to clear all such projects, he added.

The Revenue Secretary informed that another housing project of CBIC is coming up at Wadala in Mumbai. It is a huge project on a 40 acres plot. In the first phase 770-780 flats and one office tower will be constructed. This will be followed by construction of around 4000 residential units along with two office towers in the next phase.

Chairman CBIC Sh. Vivek Johri said 7% of GDP and 40% of foreign Trade is contributed by Mumbai. Mumbai Customs Zone give 25% and Mumbai CGST 18% of GST revenue in Country whereas 14% workforce of CBIC is in Mumbai itself. In order to meet the aspirations of staff and officers of Mumbai, second phase of 160 flats in the Kharghar would be constructed soon.

The Principal Chief Commssioner of CGST Mumbai Zone Ashok Kumar Mehta informed that CGST Mumbai Zone, the highest revenue collecting zone in the country, had collected more than Rs. 1,18,000 crores in the last fiscal. Rs. 11,000 crore of tax evasion was detected by the zone in last 12 months, he added.

Kendriya GST Parisar:

The project was completed in record 14 months despite two waves of COVID 19 affecting work and within stipulated timelines of agreement. It is a State of the art structure, green and sustainable and conforming to GRIHA3 norms. The plot 20000 sq mtrs has a built up area of 30534 sq. mtrs thus the average cost of construction pegged at Rs 32,750 per sq mt or Rs 3044 per sq feet. The cost of Rs. 3044 per sq feet is far less than average cost of construction in Mumbai which is more than Rs 6000 per sq feet. The flats are spacious nicely ventilated with best fittings, fixtures and lightings. 187 Residential quarters for all class of officers and staff has been constructed viz: type II (42 flats), type III (70 flats), type IV (Special) (20 flats), type V (9 flats), and type VI (2 flats).

AFFORDABLE HOUSING is one of Mumbai's most pressing issues. The General Pool Residential Scheme provides housing for Central Government employees, but with an increase in employment and applicants from all over India, there is a shortage of quarters and a long waiting list. As a result, this project has taken a significant step toward resolving the residential issues that government employees face. CBIC is making significant efforts to develop housing project for the welfare of officers and staff all over India wherever there is shortage of Government accommodation.

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