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August 28, 2026
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Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
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August 27, 2026
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August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
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August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.

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Customs, DGFT & SEZ

Centre allocates 145 Crores rupees to Nagaland for the purpose of Unity Mall in Dimapur

June 22, 2023

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Centre allocates 145 Crores rupees to Nagaland for the purpose of Unity Mall in Dimapur

Efforts such as Krishi UDAN scheme, expanding railway connectivity to be undertaken to improve logistics facilities for ODOP products from Nagaland

Organic certification will play major role in insuring better access for Indian products in foreign markets and help gain better prices for farmers: Sumita Dawra, Special Secretary, DPIIT

Department for the Promotion of Industry and Internal Trade  and Invest India in collaboration with the Department of Industries and Commerce, Nagaland, and Press Information Bureau Kohima organized an ODOP Sampark event on the 21st of June 2023 at the Hotel Vivor, Kohima, Nagaland. The event was graced by the Smt. Sumita Dawra, Special Secretary, DPIIT, Govt. of India, Shri R. Ramakrishnan, IAS, Development Commissioner, Govt. of Nagaland and Shri Kekhrievor Kevichusa, Commissioner & Secretary, Industries & Commerce, Govt of Nagaland

The event was organized to create awareness regarding the efforts of DPIIT, Ministry of Commerce and Industry, Govt of India through its two flagship Initiative One District One Product (ODOP) and PM Gati Shakti (Logistics).

Smt. Sumita Dawra, Special Secretary, DPIIT, Govt. of India highlighted the efforts of DPIIT and Invest India in conducting a National Programme for Organic Production (NPOP) Drive in Kohima, Nagaland on 20th June 2023 for Chilli from Nagaland.

  • The workshop was attended by over 30 farmers of Chili from Kohima, Nagaland.
  • The documentation for the organic certification for over 15 chili farmers from Kohima was done during the workshop and the remaining will be completed soon after the verification of their documents.
  • This will play a major role in ensuring better access for Indian products in foreign markets like the EU, Switzerland, etc, and help gain better prices for the farmers.
  • She also highlighted that efforts will be undertaken to improve the logistics facilities for ODOP products from Nagaland like chili, turmeric, kiwi, pineapple, etc, through the Krishi UDAN scheme, expanding railway connectivity, etc.
  • She also noted that the Union Budget 2023-24 has allocated Rs 5000 crore for the construction of Unity Malls across the country. This will function as a one-stop marketplace for ODOP products across the country.
  • It was also highlighted that INR 145 Crores has been allocated for the proposed Unity Mall planned by the State government in Dimapur.
  • The One District One Product Awards have been instituted by DPIIT to acknowledge the extraordinary work done by States/ UTs, Districts, and Indian Missions Abroad, for the economic development of the State and contribute towards the realization of the Hon’ble Prime Minister’s vision of Atmanirbhar Bharat through the ODOP approach.  The Awards will be launched on 25th June 2023 in the Rashtriya Puraskar Portal.

The local officials representing the Department of Industries, Agriculture, Horticulture and APEDA also highlighted the need for an integrated Customs Depo, a dedicated Krishi rail wagon up to Dimapur, and connectivity under the Krishi Udan Scheme for connectivity of organic products.

  • The Special Secretary also assured that these matters will be proactively taken up with all concerned Ministries/Departments under the PM Gati Shakti National Master Plan.

The official from DPIIT Invest also highlighted the efforts  under the ODOP Initiative for the empowerment of Indian products through interventions like Design sensitization workshops, ODOP GeM Bazaar on Government e-Marketplace, ODOP exhibitions, etc.

The event also witnessed an ODOP Exhibition of ODOP products from Nagaland including Chili, fish, coffee, turmeric, etc. It also provided an opportunity for the media to interact with ODOP farmers from Nagaland. The farmers were also able to raise their concerns with the officials for the promotion and empowerment of producers from Nagaland.

  • A review meeting on PM GatiShakti National Master Plan (NMP) under the chairpersonship of Special Secretary (Logistics) with officials of Govt of Nagaland being organized at Kohima on 21st June 2023. The objective of the meeting is to promote wider adoption of PM GatiShakti for holistic planning, bring more vigor and build synergy with all the stakeholders of the PM GatiShakti NMP.
  • The meeting was addressed by Sh Jan e Alam, Chief Secretary, Govt of Nagaland and Ms Sumita Dawra, Special Secretary (Logistics), DPIIT
  • Over 30 officials of Govt of Nagaland comprising the members from Empowered Group of Secretaries (EGoS) and Network Planning Group (NPG) of State attended the meeting.
  • PM GatiShakti is a transformative approach which was launched on October 13th, 2021 by the Hon’ble Prime Minister for planning & building Next Generation Infrastructure in the country, thereby promoting multimodal logistics connectivity to improve both Ease of Living as well as Ease of Doing Business.
  • Special Secretary in her presentation addressed the adoption of PM GatiShakti with a holistic approach and demonstrations of best practices by Ministries and States. Deliberations on requirements for State Master Planning, with special attention on data quality management, area development approach for developing economic centres in the North East, strengthening the North East corridor through adequate multimodal connectivity, Area planning approach for upcoming infrastructure projects, use of technology for improving logistics efficiency were the main highlights of the meeting.
  • Since the launch of PM GatiShakti National Master Plan, the Nagaland State has created requisite framework in terms of Institutional Arrangements/Policy Formulation for alignment with PM GatiShakti framework. Empowered Group of Secretaries (EGoS), Network Planning Group (NPG), and Technical Support Unit (TSU) have been constituted in the State comprising various departments like Power, Roads, Urban Development, Tourism, Transport etc. As on 13th June, 2023 out of 30 mandatory data layers, twenty-two (total/partial) have been integrated in the State Master Plan (SMP) platform. Data layers such has Forest, Eco sensitive zones, Village habitations, Economic areas, Roads, etc have been integrated.
  • As part of Special Assistance Scheme for the States under Part-II for the FY 2022-23, an amount of Rs 28.43 crores was disbursed for the projects mentioned
  • Modern Aggregation Centre at Longnak, Mokokchung District
  • Modern Aggregation Centre at Changtongya, Mokokchung District
  • Integrated warehouse and distribution center at Meluri, Phek District
  • PM GatiShakti Data center at Kohima
  • Modern Aggregation Centre at Pfutsero, Phek District
  • Five projects submitted as part of State Annual Action Plan have been mapped on the SMP. Development of Customised tools important for economic and social infrastructure planning and for decision making is under discussion with BISAG-N

  • To complement the PM GatiShakti NMP, the National Logistics Policy (NLP) was launched to address the components of improving efficiency in logistics services and human resource through streamlining processes, regulatory framework, skill development, mainstreaming logistics in higher education and adoption of suitable technologies. To bring a holistic focus on Logistics at State level, Nagaland State Logistics Policy is under final draft stage with State.
  • The State participated in the Fourth Regional Workshop of PM GatiShakti for North East Regional Workshop which was conducted on 24-25th March 2023 in Guwahati, Assam.
  • State has been regularly participating in zonal review meetings and interacts with DPIIT officials for better coordination on the adoption of PM GatiShakti.
  • The training and capacity building of Govt officers from the State have been done at BISAG-N, Gandhinagar
  • The meeting concluded with the following remarks from Ms Sumita Dawra, Special Secretary, Logistics, DPIIT, Govt. of India requesting the State on the following:

  • Use NMP/SMP for planning all upcoming infrastructure projects.

  • Improve data mapping and authenticity of data on the data layers mapped on SMP.
  • Focus on development of economic centres in the North East through appropriate infrastructure and logistics development.
  • Usage of SMP for Area Development Approach on the identified area
  • Identify critical infrastructure gaps and ensure they are taken up for connectivity projects.
  • Onboarding of social sector departments of the State in PM Gatishakti for Planning of social infrastructure
  • Leverage local remote sensing agencies / space agencies for development of geo-tagged data, under guidance of BISAG-N, Ahmedabad
  • Sensitizing and penetration of PMGS adoption at district level for effective area development planning, to improve both Ease of Doing Business and Ease of Living of citizens.
  • Annexture

    Background on ODOP

    The ODOP initiative is a visionary program aligned with the Hon’ble Prime Minister's vision of fostering inclusive development across all districts of India. The objective is to identify and promote a distinct product from each district, thereby creating a niche identity for them. By focusing on these chosen products, ODOP aims to drive holistic socio-economic growth and improve market accessibility.  Over 1000 products have been selected from all 761 districts of the country. The products are selected by the State Government in consultation with district administration.

    The ODOP initiative covers a wide range of products spanning textiles, agricultural produce, processed goods, pharmaceuticals, and industrial items. The aim is to promote and harness the diverse expertise present in different sectors and communities across the country. 

By identifying and addressing challenges throughout the supply chain, enhancing market reach, and providing dedicated support to producers, ODOP aims to transform districts into prominent market hubs for their chosen products. Through this comprehensive approach, ODOP is set to empower districts, promote entrepreneurship, and contribute to the overall economic growth and prosperity of the nation.

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