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    IC Electricals Secures Approx. ₹6 Crore Railway Orders and ₹1 Crore Export Order
    Additional Information related to GDP Estimates Received After Release of Q1 Estimates of FY 2026-27
    Union Minister of Commerce & Industry Shri Piyush Goyal Chairs CEO Roundtable on Ease of Doing Business for Scaling India’s Data Centre Ecosystem
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September 2, 2026
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Railway equipment purchase orders and export order expand IC Electricals' domestic and international business pipeline.
IC Electricals Company Limited has secured railway purchase orders for electrical and electronic supplies and an export order, creating combined order inflow across domestic railway operations and international markets. Its product portfolio includes regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, alternators, traction motors, and permanent magnet alternators with controllers. Forward-looking statements on business plans, projects, and research and development remain subject to risks and uncertainties and may differ materially from actual results.
September 2, 2026
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Double deflation explains negative manufacturing GVA deflators when input prices rise faster than output prices.
Double deflation in manufacturing separately deflates gross output and intermediate consumption, with real GVA derived from their difference. Where input prices rise faster than output prices, nominal GVA may grow more slowly than real GVA, producing a negative implicit GVA deflator despite rising output and input prices. A negative manufacturing GVA deflator therefore does not establish a fall in manufactured-product prices or lower real growth. The implicit GDP deflator is a derived ratio between current-price and constant-price GDP and differs from CPI and WPI because of their distinct coverage, weights, and price concepts.
September 2, 2026
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Data centre ease-of-doing-business reforms target reliable power, prepared land, streamlined approvals and building standards for faster infrastructure deployment.
Ease-of-doing-business reforms for India's data-centre ecosystem focus on faster and sustainable infrastructure deployment through reliable power, ready-to-use land, streamlined approvals and suitable building regulations. Proposed power measures include cluster-based transmission planning, first-day sanctioned load, dual feeders and cross-border renewable-energy procurement. Data-centre-ready land banks and power-ready parcels are intended to reduce development timelines. The National Building Code 2026 recognises data centres under Group E and contains a dedicated annex on fire-risk assessment and data-centre-specific performance indicators.
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
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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
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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.

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News and Press Release

PM Gati Shakti: Transforming India's Infrastructure and Connectivity

October 14, 2024

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On the 75th Independence Day, Prime Minister Narendra Modi announced the ‘PM Gati Shakti’ initiative during his address to the nation from the ramparts of the Red Fort. The National Master Plan for Multi-modal Connectivity, launched on October 13, 2021, is set to celebrate its third anniversary this Sunday. This digital platform is designed to bring various Ministries, including Railways and Roadways, to ensure integrated planning and coordinated execution of infrastructure projects. The initiative aims to provide seamless and efficient connectivity for the movement of people, goods, and services across various modes of transport, thereby enhancing last-mile connectivity and reducing travel time.

PM Gati Shakti incorporates the infrastructure schemes of various Ministries and State Governments such as Bharatmala, Sagarmala, inland waterways, dry/land ports, and UDAN. PM Gati Shakti incorporates the infrastructure schemes of various Ministries and State Governments such as Bharatmala, Sagarmala, inland waterways, dry/land ports, and UDAN.

Gati Shakti: Central Ministries and State Participation

The PM Gati Shakti National Master Plan (NMP) has onboarded 44 Central Ministries and 36 States/UTs and a total of 1,614 data layers have also been integrated. To ensure data accuracy, key infrastructure ministries have finalised Standard Operating Procedures (SOPs) for a three-tier system. SOPs for 8 infrastructure ministries and 15 social sector ministries have been notified, with development continuing for other ministries and States/UTs. A ‘Compendium on PM Gati Shakti National Master Plan’ on data management, prepared by DPIIT, outlines the stakeholder responsibilities.

A ‘Compendium of PM Gati Shakti Volume I and Volume II’ has been developed and launched, that highlights the success stories of PM Gati Shakti. A milestone of assessing 208 big-ticket infrastructure projects worth Rs. 15.39 lakh Crores, of various Ministries adhering to PM Gati Shakti principles has been achieved. Additionally, 434 projects under three economic corridors of the Ministry of Railways have been evaluated and shared with the PMO and they are Energy, Mineral, and Cement Corridors, High Traffic Density Corridors and Rail Sagar.

District-Level Integration

A District Master Plan (DMP) portal is being developed to extend PM Gati Shakti to the district level. This portal will aid district authorities in collaborative planning, infrastructure gap identification, and scheme implementation. A beta version of this portal has already been created for 28 aspirational districts, and user accounts were provided to these districts on September 18th, 2024. Trial runs of the portal are ongoing, with orientation programs in October 2024. The DMP portals for all the country's districts will be developed in a phased manner and completed by March 31, 25.

Key Accomplishments under PM GatiShakti National Master Plan (NMP)

The PM GatiShakti NMP has resulted in numerous achievements across various sectors, significantly improving project planning, speed, and execution.

  • The Ministry of Road Transport and Highways (MoRTH) planned over 8,891 km of roads using NMP, while the Ministry of Railways (MoR) used NMP to plan more than 27,000 km of railway lines. MoR also accelerated the completion of Final Location Surveys (FLS), completing 449 FLS in FY ’22 compared to 57 in FY ’21.
  • The Ministry of Petroleum and Natural Gas (MoPNG) streamlined the process for Detail Route Survey (DRS), reducing the time required to create reports from 6-9 months to just one day using electronic DRS (eDRS).
  • Using NMP principles, a 13 GW renewable energy project from Leh (Ladakh) to Kaithal (Haryana) achieved optimal alignment of the ‘Green Energy Corridor’ for inter-state transmission.
  • Goa used the NMP platform to develop a disaster management plan for flood-prone areas along the Amona River.
  • The Uttar Pradesh government employed the State Master Plan (SMP) portal to identify locations for new schools in underserved areas via the Pahunch Portal.
  • Gujarat planned its 300 km coastal corridor using NMP, which reduced the number of NoC permissions required for clearance from 28 to 13, enhancing connectivity between four districts while boosting tourism.
  • The Department of School Education and Literacy used the NMP portal to link PM Shri Schools with local industries for district-specific skill training.
  • The Ministry of Health and Family Welfare identified internet shadow areas and mapped sites for new healthcare facilities using NMP.
  • The Ministry of Skill Development & Entrepreneurship utilized NMP to identify suitable locations for new training institutes near economic clusters.
  • The Ministry of Rural Development integrated schemes such as PMGSY and PMAY-G for better asset planning and implementation.
  • The Ministry of Tribal Affairs identified infrastructure gaps for Particularly Vulnerable Tribal Groups (PVTG) using the PM JanMan portal.

These accomplishments highlight the NMP's broad utility in improving planning, efficiency, and collaboration across various ministries and sectors.

National Logistics Policy (NLP) 2022: Progress and Key Initiatives

The National Logistics Policy (NLP) was launched on 17th September 2022 to boost India’s economic growth by creating an integrated, efficient, and cost-effective logistics network. The policy aims to reduce logistics costs, improve India's Logistics Performance Index (LPI) ranking to be among the top 25 countries by 2030, and promote data-driven decision-making. Implementation is driven by the Comprehensive Logistics Action Plan (CLAP), focusing on areas such as digital logistics systems, asset standardization, human resource development, state engagement, and EXIM logistics.

The policy emphasizes training and capacity-building efforts in collaboration with the Capacity Building Commission (CBC). Training modules are integrated with Central and Administrative Training Institutes through webinars, workshops, and digital platforms.

State Logistics Plans (SLPs): 26 States and Union Territories have aligned with the National Logistics Policy (NLP) by notifying their State Logistics Policies to enhance focus on logistics in public policy.

LEADS Survey: The fifth edition of the Logistics Ease Across Different States (LEADS) report was launched in December 2023, with the sixth edition released in January 2024. LEADS assesses logistics ease based on infrastructure and services across States and UTs.

Unified Logistics Integrated Platform (ULIP): ULIP integrates 33 logistics-related systems across 10 Ministries, promoting innovation. Currently, over 930 private companies are registered, with 95 applications made live and 185 companies signing NDAs. ULIP also integrates GST data for end-to-end cargo tracking.

Logistics Data Bank (LDB): For tracking and tracing 100% of India’s containerized EXIM cargo, the Logistics Data Bank (LDB), has been developed. LDB uses RFID technology through the Internet of Things (IoT), Big Data and Cloud-based solutions to provide real-time tracking of EXIM container movement in India. It is a single window, cloud-based logistics visualization solution which provides container movement tracking using only the container numbers; from the Ports to Inland Container Depot’s/ Container Freight Stations; and across the port associated Parking Plazas, Toll Plaza & Railways.

Improving LPI Rank

A dedicated LPI Action Plan has been created, involving multiple ministries (MoRTH, MoR, MoPSW, MoCA) to address logistics challenges across six LPI parameters. Continuous engagement with the World Bank has resulted in discussions on logistics efficiency, reforms, and LPI methodology, along with a national workshop held in February 2024.

The policy incorporates global best practices, collaborating with the Asian Development Bank (ADB) and Korea’s LPI improvement strategies. A round table with the World Bank was held in the U.S. in March 2024 to discuss innovative approaches and logistics improvements for India.

Through these efforts, NLP is driving India towards a more efficient logistics ecosystem while enhancing global competitiveness.

Gati Shakti Sanchar Portal

Universal and equitable access to Broadband services across the country, especially in the rural areas- is one of the most important visions of Prime Minister Narendra Modi. In line with the PM Gati Shakti National Master Plan, “Gati Shakti Sanchar” portal was launched for Centralised Right of Way (RoW) approvals on May 14, 2022.

The Gati Shakti Sanchar portal is a major reform brought in to facilitate faster rollout of telecom infrastructure. It is a Centralised Right of Way (RoW) Portal that enables applicants such as Telecom Service Providers/Infrastructure Providers / Internet Service Providers (TSP/IP/ISPs) to apply for RoW approvals. As on October 11, 2024, 2.11 lakh applications have been approved.

The portal is integrated with all 36 States /UTs and with relevant central ministries viz. Ministry of Railways (MoR), Ministry of Road, Transport and Highways (MoRTH), Ministry of Environment, Forest and Climate Change (MoEFCC) and Ministry of Defence (MoD).

5G services were launched in India on 1st October 2022. More than 13 Cr subscribers have begun to use 5G services, making it the fastest roll-out of 5G anywhere in the world. To further improve telecom connectivity in the country, Government is implementing various schemes.

A total of 41,160 mobile towers have been sanctioned with an outlay of Rs. 41,331 Cr to

provide 4G connectivity to about 55 thousand villages.

Scope of BharatNet program has been expanded to connect all inhabited villages with an

outlay of 1.88 Lakh Cr

Conclusion

The PM Gati Shakti initiative represents a transformative approach to infrastructure development in India, aiming to create a seamless and efficient multimodal transportation network. By integrating the efforts of various ministries and leveraging advanced technologies, this initiative seeks to enhance connectivity and reduce logistics costs across the nation. The Gati Shakti Sanchar portal further supports this vision by streamlining the Right of Way approvals process, accelerating telecom infrastructure rollout, and facilitating the rapid deployment of 5G services across the country. With these combined efforts, India is well-positioned to achieve its ambitious goals of Aatmanirbharta.

References

https://pmgatishakti.gov.in/pmgatishakti/login

https://www.india.gov.in/spotlight/pm-gati-shakti-national-master-plan-multi-modal-connectivity

https://pmgatishakti.gov.in/pmgatishakti/about_pmgati

PMGATISHAKTI TRANSFORMING INDIA’S INFRASTRUCTURE - https://static.pib.gov.in/WriteReadData/specificdocs/documents/2023/apr/doc2023427188001.pdf

https://www.pib.gov.in/PressReleasePage.aspx?PRID=1825332

Rajya Sabha Unstarred Question No. 56 Dated February 02, 2024

https://gatishaktisanchar.gov.in/

https://pib.gov.in/PressNoteDetails.aspx?NoteId=152010&ModuleId=3

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