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    DFS Organises Workshop to Strengthen Implementation of Reservation Policy Across Public Financial Institutions
    DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem and Drive Innovation
    Union Minister of Commerce and Industry Shri Piyush Goyal Strengthens India-Singapore Economic Partnership through High-Level Bilateral and Business E...
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August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
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Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
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
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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.

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Union Minister of Commerce & Industry Sh. Piyush Goyal highlights the role of PM GatiShakti in evidence-based decision making enhancing ease of living and ease of doing business

October 19, 2023

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Sh. Goyal launches training module on ‘Role of CBIC in PM GatiShakti’ showcasing use of PM GatiShakti for streamlining customs operation for promoting logistics efficiency

DPIIT conducts workshop on development of Digital Learning Resources for Capacity Building on PM GatiShakti National Master Plan

Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution, and Textiles, Sh. Piyush Goyal highlighted the role of PM GatiShakti in project prioritization, optimization and evidence-based decision making for enhancing ease of living and ease of doing business. While addressing the Workshop on ‘Development of Digital Learning Resources for Capacity Building on PM GatiShakti National Master Plan’, organised yesterday by the Department for Promotion of Industry and Internal Trade (DPIIT) in collaboration with the Capacity Building Commission (CBC), the Minister said that data-driven training and capacity building is important for ensuring wider adoption of PM GatiShakti principles for the multimodal infrastructure and logistics development.

Shri Goyal also launched a training module on ‘Role of CBIC in PM GatiShakti’, developed for the Ministry of Finance which showcases use of PM GatiShakti for streamlining customs operation for promoting logistics efficiency. The Workshop was also graced by the Chairman, CBC, Sh. Adil Zainulbhai; Special Secretary (Logistics), DPIIT, Smt. Sumita Dawra; and Member, CBC, Sh. Praveen Pardeshi.

Special Secretary (Logistics), DPIIT highlighted the transformative approach of PM GatiShakti initiative that has enabled Ministries/ Departments and States/ UTs to efficiently plan big ticket infrastructure projects. She said that a huge capex push for overall capital investment of INR 10 lakh crores shall aid people centric development via effective and integrated planning of resources.

Chairman, CBC appreciated the massive participation from CTIs, state ATIs, Central Ministries and industry experts for the joint workshop showcasing the innate principle of PM GatiShakti – ‘the whole of government approach’.

The Workshop focused on institutionalizing and regularising training and capacity building of Government Officials on PM GatiShakti principles; Deliberating upon the content, structure and design of sector-specific training modules on implementation of PM GatiShakti approach in planning and development of Infrastructure and Logistics. These training modules, included in Foundation/ Induction / mid career courses of all the CTIs and State ATIs, shall also familiarize the officers with data-driven decision-making in the Logistics Sector.

The workshop was broadly divided into two sessions. Session 1 was a panel discussion on Mainstreaming PM GatiShakti approach in Curriculum of CTIs and State ATIs for a developed India; and Session 2 observed discussion and deliberations in 4 parallel breakout groups for focussed group discussion on Sector-specific training needs & course content and framework for effective delivery mechanism.

Key takeaways from the workshop was:

  • To provide access to dummy data-based application modules (based on successful case studies) at induction-level for enriched PM GatiShakti experience.
  • Establishment of induction labs for simulation-based learning.
  • Facilitate the development of interactive digital courses based on the training need assessment while integrating the PM GatiShakti principles for training of all officers.
  • Conversion of existing courses in CTIs and State ATIs into digital courses at IGoT platform.
  • Explore the possibility of building capacities for developing spatial transformation plans/predictive plans using AI, Blockchain, and other advanced technologies.

To mainstream regular training and capacity building courses on PM GatiShakti principles at Central Training Institutes (CTIs) and State Administrative Training Institutes (State ATIs), a joint workshop on ‘Development of Digital Learning Resources for Capacity Building on PM GatiShakti National Master Plan’, was held yesterday by Department for Promotion of Industry and Internal Trade (DPIIT) in collaboration with Capacity Building Commission (CBC).

Over 70 participants covering Officials from selected CTIs including Lal Bahadur Shastri National Academy of Administration (LBSNAA), National Academy of Indian Railways; state ATIs such as Maharashtra Remote Sensing Application Centre (MRSAC), Haryana Institute of Public Administration (HIPA); concerned line Ministries/Department, and representatives from CBC empanelled agencies, attended the workshop.

For wider adoption in planning for economic and social infrastructure at district and block level, PM GatiShakti is further integrated in the Aspirational Blocks Programme. The CTIs and State ATIs will act as resource centres and support the government official in rigorous utilization of PM GatiShakti NMP for holistic area-development planning.

The workshop is one of the measures undertaken for Logistics Human Resources Development & Capacity Building Strategy of National Logistics Policy. Other initiatives taken includes the following:

  • To sensitise CTIs and State ATIs on the integration of courses on PM GatiShakti into their ongoing curricula, a Webinar was held with all CTIs and State ATIs along with CBC on 4th August 2023.As on date, 17 CTIs and 19 State ATIs have appointed Nodal officers for the same.
  • A MoU between DPIIT and Gati Shakti Vishwavidyalaya regarding capacity building in logistics was signed on 4th October 2023.

Since the launch of PM GatiShakti on 13 October, 2023, 39 Ministries of Govt of India, and all 36 States/UTs have been onboarded on PM GatiShakti platform. Significant achievements have been made and showcased at various national and international forums. This includes G-20 Seminar on Trade Infrastructure at 3rd Trade and Investment working group (TIWG) at Kevadia, Exhibition at B-20, 2023 Regional Cooperation and Integration Conference in Georgia, and five regional workshops across the country. This flagship initiative has also garnered attention from various countries such as Nepal, Japan and Vietnam. Furthermore, a ‘Compendium of PM GatiShakti’ on success stories of PM GatiShakti usage by both Central Ministries & States/UTs has been published.

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