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    RBI's USD-INR Swap Facility Sparks Unprecedented Forex Inflows into India, Banks Raise USD 73 Billion in eleven weeks
    Rupee falls 4 paise to 95.74 against US dollar in early trade
    Former cop Waze files fresh plea in Mumbai court, wants PMLA case against him dropped
    Rupee settles 1 paisa higher at 95.70 against US dollar
    Ontario's premier: Canada should be ready to cut electricity, critical minerals as trade woes worsen
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August 25, 2026
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USD-INR forex swap facility accelerates foreign-currency mobilisation through non-resident deposits and institutional borrowing, strengthening India's external buffers.
USD-INR forex swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings enabled banks to access foreign-currency funding through a special swap window. FCNR(B) deposits formed the principal component of the reported foreign-exchange inflows, reflecting participation by non-resident Indians. The FCNR(B) window was scheduled for early closure after the stated mobilisation objective was achieved ahead of schedule, and the inflows were presented as strengthening external buffers through long-term non-resident deposits and institutional funding.
August 25, 2026
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Foreign-exchange intervention moderated rupee depreciation as crude prices, importer dollar demand and geopolitical uncertainty sustained currency-market pressure.
Foreign-exchange conditions reflected a marginal weakening of the rupee against the US dollar, influenced by elevated crude-oil prices, importer demand for dollars, weaker Asian equities and geopolitical uncertainty. The currency remained within a narrow trading band, with RBI dollar sales described as moderating sharper depreciation. The RBI's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised substantial foreign-exchange inflows, indicating support from non-resident Indian participants.
August 24, 2026
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Prior government sanction for public servants is contested as essential before money-laundering proceedings may validly proceed for official-duty acts.
Prior prosecution sanction is asserted to be a jurisdictional precondition for money-laundering proceedings against a public servant for acts connected with official duty. A former police officer challenges cognizance and process for want of sanction under the criminal procedure framework and the Maharashtra Police Act, relying on sanctions subsequently granted for co-accused public servants. The allegations concern collection of funds through the officer and their alleged laundering through an educational trust.
August 24, 2026
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Rupee exchange-rate movement gained marginal support from foreign equity inflows despite crude oil, importer demand and geopolitical pressures.
Rupee exchange-rate movement against the US dollar reflected a marginal appreciation, supported by foreign fund inflows into domestic equities. Trading remained within a narrow range amid pressures from higher crude oil prices, continuing importer demand, and geopolitical concerns. Market conditions also included a stronger dollar index, lower Brent crude futures, domestic equity declines, and net foreign institutional investment. Elevated oil prices and geopolitical uncertainty indicated a slight negative bias, while possible US dollar weakness could support the rupee.
August 24, 2026
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Retaliatory trade measures may target electricity, critical minerals and integrated automotive supply chains amid escalating cross-border tariff disputes.
Canada-United States trade relations involve escalating tariffs and contemplated reciprocal restrictions affecting goods, automotive production, electricity exports and critical-mineral supplies. Potential Canadian countermeasures include limiting or increasing the price of Ontario electricity exports and restricting supplies of critical minerals, with oil and potash also identified as possible leverage. The automotive sector faces particular exposure because Ontario production and supply chains are integrated with United States manufacturing. Negotiations also raised concern over limits on Canada's ability to conclude trade agreements with other countries without United States approval.
August 24, 2026
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Mandatory biometric updates for students support continued Aadhaar authentication and access to education, scholarship and benefit-related services.
Mandatory Biometric Update camps have been launched in schools across Tamulpur district, Assam, for eligible students aged 5 to 17 years to update Aadhaar biometrics. Aadhaar biometrics require updating on attaining five years of age and again on attaining fifteen years. Timely updating supports continued Aadhaar authentication and helps avoid difficulties in accessing services where authentication is applicable, including school admissions, entrance-examination registration, scholarships and Direct Benefit Transfer schemes.
August 24, 2026
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Electricity tariff affordability requires immediate review, withdrawal of higher consumer charges, and relief measures for economically weaker households.
Electricity tariff increase in Jammu and Kashmir has been opposed as imposing an unjustified and unaffordable financial burden on domestic consumers amid rising household costs. Immediate review and withdrawal of the increase are sought, together with measures to reduce electricity costs for domestic consumers, particularly economically weaker sections, and ensure affordable, reliable power supply.
August 24, 2026
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Wheat export liberalisation replaces prohibitions to support farm prices while domestic stocks are expected to protect consumer supply.
Wheat and wheat-product exports are liberalised with immediate effect by revising their export policy from prohibited to free. The change covers wheat, wheat flour, maida, semolina and wholemeal atta, replacing the earlier export-ban framework and simplifying exports previously permitted through licences. The measure aims to support farmers amid depressed domestic prices, while adequate domestic availability and buffer stocks are expected to meet demand and moderate consumer prices.
August 24, 2026
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Food safety compliance failures trigger licence suspensions for deficient hygiene, storage, refrigeration, sanitation and valid licensing practices.
Food safety enforcement measures resulted in suspension of food licences or registrations where establishments failed hygiene, food handling, storage, refrigeration, sanitation and licensing requirements. Deficiencies included unsafe temperature control, unclean refrigeration equipment, improper food storage and thawing, inadequate sanitisation, deteriorated or expired materials, deficient oil-quality checks, artificial colouring, pest infestation, cross-contamination risks and inadequate drainage. One outlet was also found to be operating under the name of an establishment without a valid food licence, resulting in suspension of its registration certificate.
August 24, 2026
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Central Board Governance expands through appointments of part-time non-official directors for defined terms, alongside central bank and government representatives.
Appointments to the Reserve Bank of India's Central Board expand its part-time, non-official director membership. Syed Akbaruddin, Annie George Mathew and Janmejaya Kumar Sinha have been appointed for four years from 24 August 2026, or until further orders, whichever occurs earlier. The Central Board also includes the Governor, deputy governors, the economic affairs secretary and the financial services secretary.
August 24, 2026
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Electricity tariff adjustment is linked to inflation and transmission losses, while free household units remain separately implemented.
Electricity tariff increase of 6.83 per cent after four years is presented as necessary in light of inflation and rising costs. Reducing transmission and distribution losses is identified as a means of limiting future tariff increases. Provision of 200 units of free electricity for poor and needy households through solar panels under the Muft Bijli Yojana is treated as distinct from tariff revisions.
August 24, 2026
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Sugar supply management measures target speculative stockpiling through imports, stockholding limits and earlier crushing to moderate prices.
Sugar supply is characterised as adequate, and higher prices are attributed principally to speculative buying and advance stockpiling, alongside lower output, seasonal demand and global price pressures rather than an actual shortage. Duty-free raw sugar imports and stockholding limits are intended to augment availability, curb speculative accumulation and stabilise market sentiment. Imports, existing stocks, special crushing and an earlier crushing season are expected to moderate prices and improve festive-period supply. Ethanol diversion is not identified as a cause of the price movement.
August 24, 2026
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Wheat export policy shifts to free trade, lifting restrictions on wheat flour, maida, semolina and wholemeal atta exports.
Wheat export policy has been revised from prohibited to free with immediate effect, lifting the export ban on wheat and related wheat products. The liberalised export treatment extends to wheat flour, maida, semolina and wholemeal atta. The restriction had been imposed to address rising domestic prices, and its removal is expected to improve international wheat availability.
August 24, 2026
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Bogus input tax credit fraud investigation examines fabricated invoices, circular transactions, layered funds and alleged proceeds of crime.
Investigation into alleged bogus input tax credit fraud involved searches under the anti-money-laundering framework. The alleged scheme involved fabricated invoices and e-way bills without actual movement of goods, circular transactions, layered funds, cash withdrawals and bogus or non-existent entities. GST authorities identified fraudulent availment of input tax credit causing wrongful loss to the government exchequer. The investigation focused on tracing alleged proceeds of crime, identifying beneficiaries, and securing documentary and digital evidence.
August 24, 2026
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Sugar crystallization process integration combines evaporator upgrades, continuous boiling, heat recovery and automation for efficient plantation white sugar production.
Sugar manufacturing process integration is proposed through strengthening an existing evaporator station and adding a sugar crystallization section to convert syrup production into plantation white sugar production. The scope covers design, engineering, equipment supply, erection and commissioning of condensate heaters, falling film evaporators, heat-recovery systems, continuous pans, vacuum systems and crystallizers. Continuous massecuite boiling will use chamber-specific control, while evaporator recirculation and online chemical-cleaning provisions support process control and low-grade vapour utilisation.
August 24, 2026
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Competitive examination preparation supports career pathways in civil services, public employment, management, defence, research and international higher education.
Career-development and competitive-examination preparation is offered alongside academic programmes for civil services, government and public-sector employment, banking, engineering higher education, management, defence, teaching, research and overseas education. UPSC, SSC-CGL, Bank PO, GATE, CAT, CDS, UGC-NET, GRE, GMAT and IELTS preparation includes courses, workshops, mentorship, expert guidance and examination-specific resources. Access to examinations, admissions and career opportunities remains subject to applicable eligibility, selection and institutional criteria.
August 24, 2026
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Corporate governance professionals gain expanded training infrastructure as Hyderabad's new Chapter Office supports Company Secretaries and students.
Institute of Company Secretaries of India has inaugurated a Chapter Office in Hyderabad to expand infrastructure for professional education, training, examinations, meetings, capacity-building programmes and stakeholder engagement. The facility is intended to support Company Secretaries and students and enable wider professional and educational activities. Company Secretaries are identified as corporate governance professionals, with expanding regulatory requirements and the formalisation and listing of micro, small and medium enterprises creating potential demand for qualified professionals.
August 24, 2026
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Diversified pharmaceutical growth combines branded portfolio expansion, contract manufacturing, merchant exports, and regulatory registrations for international market development.
Curis Lifesciences Limited plans a diversified pharmaceutical strategy spanning domestic branded products, contract manufacturing and international market development. Its majority acquisition of Uninova Lifesciences is intended to strengthen own-brand marketing, distribution and portfolio expansion, including injectable products through third-party manufacturing. International initiatives include merchant exports in Kenya and a Nigerian joint venture pursuing own-brand regulatory registrations alongside contract-manufacturing and export opportunities. Commercial development in Nigeria remains contingent on relevant licences and purchase orders, while projections are subject to regulatory, market and other business factors.
August 24, 2026
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Insolvency framework reform prioritises efficient resolution, value maximisation, stakeholder coordination, institutional strengthening and technology-enabled asset recovery.
Insolvency and Bankruptcy Code, 2016, entered its tenth year amid deliberations on legislative amendments, resolution timelines, stakeholder interests and value maximisation. Key areas included resolution plans and tax implications, liquidation processes, recent judicial developments, stakeholder coordination, and the roles of insolvency professionals, regulators, banking institutions and adjudicatory processes. Technological innovation, including artificial intelligence for asset tracing and recovery, alongside regulatory strengthening, capacity building and stakeholder collaboration, was emphasised for the future development of the insolvency ecosystem.
August 24, 2026
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Bilateral economic and financial cooperation will advance through investment dialogues, business engagement, financial-sector partnerships, and global economic discussions.
Official visits to Canada and the United States are scheduled to strengthen bilateral economic and financial partnerships, deepen investment linkages, and advance cooperation on global economic priorities. Engagements include an Economic and Financial Dialogue, investment and business roundtables, corporate meetings, and discussions on financial-sector cooperation, technology, innovation, critical minerals, resilient supply chains, and a Comprehensive Economic Partnership Agreement. Participation in the G20 Finance Ministers and Central Bank Governors Meeting will address global economic growth, stability, and international financial cooperation.

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Customs, DGFT & SEZ

DPIIT conducts over 1,300 programs to foster deeper understanding of Intellectual Property Rights

December 17, 2024

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The DPIIT has implemented many measures to enhance awareness of intellectual property rights and mitigate instances of fraudulent activities involving the abuse or misrepresentation of IP rights for personal or financial gains. These scams/activities can take various forms, but often revolve around deception or the unlawful use of IP, leading to financial losses or reputational damage. These may include passing off of fake goods as authentic / genuine, brand tarnishing activities, cyber-squatting, patent infringements, copyright violations including unauthorized reproduction / distribution / sale of pirated copies of copyrighted materials etc.

Since 2017, a comprehensive framework for awareness initiatives has been established across key sectors, including academia, law enforcement agencies, and industry organizations. The Cell for IPR Promotion & Management under DPIIT has conducted over 1,300 programs, including awareness sessions, workshops, and training, all aimed at fostering a deeper understanding of IPR, and how to combat counterfeiting / piracy prevalent on both offline and online platforms.

Over 130 programs on IP Enforcement have been conducted for various law enforcement agencies including police, customs and judiciary, pan India in association with IP experts in various fields such as:-

Judiciary- A total of 58 programs have been conducted for judges and legal professionals, aimed at enhancing their understanding of evolving legal frameworks in intellectual property and its application in the digital space. These sessions are designed to support informed and efficient decision-making in legal proceedings regarding IP infringements.

Customs – 26 programs have been held for customs officials, focusing on strengthening their knowledge of counterfeit goods, crime investigations, and the efficient management of border control operations.

Police – 49 programs have been organized for police, with a focus on improving their skills in investigating intellectual property violations, applying criminal law, and interacting with the public.

In addition, over 400 programs have been conducted in academic institutions, some of which were in collaboration with DPIIT-IPR Chairs and Atal Tinkering Labs. More than 4600 academic institutions have been covered till date. Over 400 programs have been conducted to support industry, some of which were in collaboration with the Ministry of Micro, Small, and Medium Enterprises (MSMEs). These initiatives enable entrepreneurs and startups to understand the significance of safeguarding their IP, register their IP thereby reducing vulnerabilities to IP infringements.

Following additional measures were also taken:

Launched IPR Enforcement guidelines to assist Police Officials in handling IPR infringement matters.

  • Anti- piracy videos were made featuring prominent Bollywood stars for wider outreach. The same were aired in theatres and were also disseminated through Youtube.
  • A Short Video Contest on Anti-Counterfeiting was conducted to raise awareness regarding Counterfeit products among Students.
  • Mandatory IPR training for regular and in-service officers in all State Police Academies through issuing a direction of the Ministry of Home Affairs.
  • In partnership with NIXI and MCDCU, approximately 380 copyright-infringing websites with over 186 million hits were removed.
  • IP Nani comic (India’s First IP Mascot) was made and released
  • Published educational articles in Teacher Plus magazine
  • Anti-Piracy Video Campaign using cartoon characters – Motu and Patlu were run to raise awareness in kids on IP piracy
  • To reach out to the remotest corners, SATCOMs on IPR are also being conducted - 1,00,000 students reached, reaching 2700+ rural schools
  • Digitally launched Miss IPR comic – Taking forward the legacy of IP Nani
  • Launched 17 promotional videos covering prominent Indian GIs for wider dissemination.
  • Conducted Facebook Live sessions with Atal Innovation Mission conducted for Atal Tinkering Labs students and teachers
  • A GI Digital Catalogue featuring over 400 registered GIs was developed. This catalogue includes high-definition photographs, short videos, and engaging descriptions highlighting each GI's name, uniqueness, history, and region.
  • The National Intellectual Property Awareness Mission (NIPAM) was launched in December 2021 with the aim of raising intellectual property (IP) awareness and providing basic IPR training across educational institutions, including in rural and remote areas as well. This NIPAM program also makes the youth and students aware about the evil consequence of use of counterfeit and pirated products. To date, over 9,000 awareness programs have been held, benefiting approximately 23.4 lakh individuals, including 21.14 lakh students and 2.25 lakh faculty members who may help foster such awareness amongst all. Nearly half of the participants (49%) were women. These programs have been successfully conducted across all 28 states and 8 Union Territories.

To enhance the Intellectual Property Ecosystem in the Country, the Government of India had introduced the National IPR Policy in 2016 encompassing all IPRs into a single vision document setting in place an institutional mechanism for the implementation, monitoring and review of IP laws.

The policy has seven objectives designed to create an environment that encourages innovation and creativity by providing stronger protection and incentives for inventors, artists, and creators. There are several measures undertaken to achieve the given objectives. Among measures taken are compliance and timeline reduction in IP filing and disposal, fee rebate for Startups, MSMEs, Educational Institutions and expedited examination for certain categories of applicants. Following are some of the key measures taken:

(i) Startup Intellectual Property Protection (SIPP) Scheme: The scheme for Startups Intellectual Property Protection (SIPP) was launched in 2016 to provide pro bono facilitation to the startups for filing and processing of their patent, design, or trademark applications through government empanelled IP facilitators. The scheme was extended to all Indian innovators/ creators using the services of the Technology and Innovation Support Centers (TISCs) established in India with effect from September 06, 2019. In November, 2022, the scheme was revised and facilitation fees was notably increased by at least 100% to further encourage the IP facilitators to provide quality services to the eligible applicants.

(ii) Scheme for pedagogy and research in IPRs for Holistic Education & Academia’ (SPRIHA): Under this Scheme, DPIIT has appointed IPR Chair Professors at higher educational institutions to promote the study, education, research, and awareness of IPR. Initially, 18 universities were included in the scheme. However, from the year 2023 to till date, 20 new universities were added, bringing the total to 38, which includes prestigious institutions like National Law Universities and Indian Institutes of Technology. By providing financial and institutional support, the scheme enables universities to conduct research, specialized training, awareness programs, and workshops. This scheme encourages collaboration between academia and government, ensuring that IP- related research leads to tangible societal benefits. This holistic approach not only strengthens IP education but also aligns academic outputs with national IP policy goals, contributing to India’s vision of becoming an innovation-driven economy.

(iii) Modernisation & Digitisation of IP offices - IP office has been modernized and workflow processes have been streamlined. Virtual hearings facility has been extended to all wings including Trademark and Copyright for faster disposal of applications. AI and ML based Search Technology has also been introduced in Trade Marks. IP Saarthi Chatbot has been designed to provide instant support and guidance to the users on the IP registration/ grant processes.

(iv) The National Intellectual Property Awards are conferred annually in 13 categories, including Best Police Unit (District/Zone in a Commissionerate), Cyber Cell, and Customs Office, based on criteria such as FIRs filed, charge sheets, convictions, raids conducted, and the value of seized materials, one more step to recognize and encourage effective IP enforcement in India.

(v) Compliance Reductions - Patents (Amendment) Rules, 2024 were notified to simplify patent acquisition. Certificate of Inventorship was introduced to recognize inventors. Other changes included giving a Grace period for claiming patent protection, simplifying Form 3/ Form 27 compliance. Vide Trademark Rules amendment in 2017, the number of filing forms have been reduced and simplified from around 75 forms down to 8 forms.

(vi) WIPO’s Technology and Innovation Support Center (TISC) program, play a key role in advancing R&D and IP commercialization by providing innovators and entrepreneurs in India with services to protect and leverage intellectual property. Department has established 34 Technology and Innovation Support Centers (TISC) across country in various Universities, Academic Institutions and State Councils for Science &Technology. Their activities include offering access to patent databases, guidance on IP management, and support for IP valuation and licensing. TISCs also connect IP creators with potential investors and market opportunities, facilitating the commercialization of innovations.

(vii) Fee reductions: In order to enhance the IP ecosystem, fee rebates have been given to startups to encourage them protect their IP. Up to 80% fee rebate in patents, 50% in trademarks, and 75% in designs is being given to startups and small entities.

Measures have been undertaken to safeguard sensitive information about IP applications. Under the provisions of the Patents Act, a patent application is not made open to the public for eighteen months from the filing date or the priority date, unless the applicant submits a request for early publication. Additionally, the application, specification, and other related documents are not referred to the examiner for examination until the application is published. Designs are published only after registration.

Further, the Government has taken measures to ensure the safety and security of IP applications related data. All data has been securely uploaded to the cloud, providing better protection against data loss and preventing unauthorized data access.

This information has been provided by the Union Minister for State for Commerce and Industry, Shri Jitin Prasada in a written reply in the Lok Sabha today.

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