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    ED arrests ex-panchayat CEO who allotted govt funds for fake marriages during COVID lockdown
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September 4, 2026
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Money laundering allegations over fraudulent marriage-assistance disbursements prompted investigation into false credentials and ineligible beneficiary payments.
Alleged money laundering arose from fraudulent disbursement of marriage-assistance funds intended for daughters of registered construction workers. The allegations include approvals and releases for suspicious marriage cases, use of bank accounts opened or misused on false credentials, multiple cash withdrawals, and extension of benefits to ineligible persons. Investigation under the Prevention of Money Laundering Act followed an economic-offences FIR concerning suspected misuse of the welfare scheme.
September 4, 2026
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Money-laundering allegations: discharge plea attributes airline's financial collapse to macroeconomic conditions and denies loan siphoning through sales agents.
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September 4, 2026
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Foreign exchange market conditions supported rupee appreciation, while oil prices and geopolitical tensions limited potential gains.
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September 4, 2026
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Offer-for-sale IPO clearance enables existing exchange shareholders to monetise holdings, while sale proceeds remain outside the exchange.
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September 4, 2026
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Equity market resilience was tempered by profit booking, geopolitical tensions, global rate expectations and domestic liquidity.
Equity markets registered a recovery after four consecutive losing sessions, led by buying in metal, private banking, oil and gas, housing finance, telecommunication, insurance, commodities and financial services shares. The benchmark equity index closed higher, while the broader index recorded a modest gain after retreating from an intraday level above the psychological threshold during the newly introduced Closing Auction Session. Investor sentiment was supported by easing interest-rate concerns, strong earnings momentum, resilient economic growth and domestic demand, but was constrained by profit booking, geopolitical tensions and crude-oil price risks.
September 4, 2026
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IPO regulatory clearance enables further public issue preparations, with existing shareholders proposing a complete offer for sale.
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September 4, 2026
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September 4, 2026
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Rupee exchange-rate movement reflects foreign-currency deposit inflows, central-bank intervention, oil-price risks and changing market risk appetite.
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September 3, 2026
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September 3, 2026
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September 3, 2026
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Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
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September 3, 2026
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Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.

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Customs, DGFT & SEZ

APEDA hosts Capacity Building Programme and Buyer Meet in Mirzapur to unlock agricultural export potential

February 15, 2024

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To tap into the export potential of agricultural and processed food products from Eastern Uttar Pradesh, also known as Purvanchal, Agricultural and Processed Food Products Export Development Authority (APEDA) organized the 'Agri-Export: Capacity Building cum Buyer-Seller Meet' in Mirzapur yesterday. The event was graced by the Union Minister of State for Commerce and Industry, Smt. Anupriya Patel, as the Chief Guest. A host of other dignitaries led by Sh. Ram Shakal, Member of Parliament (Rajya Sabha), senior Government officials, representatives from exporter associations, Farmer Producer Organizations (FPOs), stakeholders and public representatives of the area graced the event. The event drew a very enthusiastic response from farmers with over 1500+ farmers attending the event.

In her keynote address, Smt. Anupriya Patel stressed the significance of increasing agricultural exports, highlighting their potential in not only contributing to the nation’s foreign exchange but also significantly raising incomes of the farmers, being the largest sector in terms of employment. She reiterated the commitment of the Government of India in raising farmers' income and well-being, citing various schemes of the Government of India and underscored the resolve of the Department of Commerce to facilitate their access to global markets. She also underscored the government's focus on infrastructure development across diverse agricultural sectors such as horticulture, spices, and marine products. She highlighted one such upcoming significant project, the 'Sardar Vallabhbhai Patel Niryat Suvidha Kendra' coming up in Chunar, Mirzapur, Uttar Pradesh, which, when completed in the near term, will significantly boost agricultural exports from the region, making Poorvanchal an agri export Hub of the nation.

Chairman, APEDA, Shri Abhishek Dev expressed the government's commitment to enhancing export opportunities for FPOs and farmers by focusing on market linkages and augmenting export infrastructure. He informed that APEDA, which celebrated its 38th Foundation day on 13th February, 2024 is fully committed towards boosting incomes of all stakeholders in the agri export value chain, particularly the farmers, by providing them the requisite training and exposure to emerging market opportunities. He reiterated that APEDA will continue to organise such events in the near future, for the benefit of all the stakeholders.

The 'Sardar Vallabhbhai Patel Niryat Suvidha Kendra' marks a significant milestone in advancing agricultural and allied sector exports. This newly developing infrastructure is envisioned to serve as a comprehensive single-window system catering to the needs of FPOs, farmers, exporters, and other stakeholders. The project spread in an area of 5 Acres in the Chunar sub-division of Mirzapur district boasts a modern packhouse with all the requisite facilities. Further, the project also boasts a training facility which will benefit all the farmers and FPO’s/FPC’s of the region. Finally, the project will also have offices of major export-oriented government bodies namely, MPEDA, Spices Board, IIP, EIC which will serve the agri-export ecosystem of the region.

With APEDA's intervention, the Purvanchal region now boasts crucial export facilities like cold rooms at Varanasi Airport, quarantine and custom clearance services, and the activation of the airport for agri air cargo, all of which were previously lacking in 2019. The Varanasi Airport's handling of 702 MT of perishable cargo until December 23, surpassing last year's figure of 561 MT, truly reflects a notable advancement in the region's agri-export capabilities. APEDA also facilitated in inviting leading buyers from across India, organizing Buyer Seller Meets with FPOs and farmers to directly connect them with international markets.

It may be emphasized that APEDA's initiatives have propelled Uttar Pradesh to become the third-largest exporting state in the financial year 2023-24 (April 23 to Nov 23), trailing only Gujarat and Maharashtra. APEDA's successful tapping of the Gangetic belt's potential has empowered FPOs and exporters to bolster agri-exports from the region. Approximately 50 FPOs have been promoted as exporters for agri exports, with over 20 actively engaged in both direct and deemed exports.

A diverse range of agricultural products, including fresh fruits and vegetables such as Green Chilies, Mangoes, Tomatoes, Okra, Potato, Water Chestnut, Cranberry, Banana, Jimikand, Ivy Gourd, Bottle Gourd, Pointed Gourd, Arvi, Ginger, fresh marigold, and rice, have been exported, underscoring the region's capacity to meet global demand.

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