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    AssetPlus Launches Portfolio Management Services to Help MFD Partners Grow and Retain High-Net-Worth Clients
    APEDA Facilitates Flag-Off of 18 MT of NPOP-Certified Ethnic Rice from Tripura for Export to Austria and the Netherlands
    VR LIVIN’s ‘THE FIRST’ Records Sale of 20 Villas Within Two Days of Launch
    IAAPI Calls for GST Rationalisation to Support Growth and Consumer Demand in India’s Amusement Industry
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September 3, 2026
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Portfolio management services distribution enables certified mutual fund distributors to digitally onboard and report for eligible high-net-worth clients through AssetPlus.
AssetPlus has launched Portfolio Management Services for certified Mutual Fund Distributor partners to digitally onboard, track, manage and report PMS investments for eligible high-net-worth clients. PMS distribution requires NISM Series-XXI-A certification and operates within the APRN distributor-registration framework. PMS comprises individually managed portfolios run by SEBI-registered Portfolio Managers and held in clients' demat accounts. The minimum investment is Rs. 50 lakh, and offerings are governed by the SEBI (Portfolio Managers) Regulations, 2020. The platform provides daily reconciliation of holdings, performance and valuations.
September 3, 2026
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NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.
September 3, 2026
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Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
VR LIVIN Ventures LLP launched 'THE FIRST', an 83-villa gated residential community in Madhavaram, North Chennai, which recorded sales of 20 villas during its first two launch days. The development includes smart-home villas and more than 50 lifestyle amenities, with access to nearby metro connectivity and social infrastructure. It forms part of the company's intended expansion of residential projects in Chennai and other South Indian locations.
September 3, 2026
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GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
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Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
September 3, 2026
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Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.
September 3, 2026
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Money laundering investigation examines alleged diversion of bank loans from a power project to group entities and personal use.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
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Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
September 3, 2026
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Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
September 3, 2026
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Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
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Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
September 3, 2026
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Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
GIFT-IFSC's IBUs mobilised foreign-currency liquidity under the RBI's FCNR(B) deposit swap facility, with 20 IBUs sanctioning USD 54.02 billion and disbursing approximately USD 52.82 billion as at 31 August 2026. Between April and August 2026, IBUs disbursed USD 11.62 billion in External Commercial Borrowings, while Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges. These activities support cross-border financing, international capital-market access and foreign-exchange inflows.
September 3, 2026
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Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
Operational leadership for bilateral economic engagement is strengthened through the appointment of Shuchita Sonalika as the first Chief Operating Officer of the Canada-India Business Council. The appointment is directed toward enhancing the council's capacity to support expanding investment and economic relations between Canada and India, in coordination with its board, members and partners. Sonalika brings international affairs experience in advancing India's economic partnerships across global markets.
September 3, 2026
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Regulatory certainty and compliance reforms support investment facilitation, infrastructure development, MSME credit access, and reduction of bank non-performing assets.
Regulatory certainty, ease of compliance and investment facilitation are identified as central elements of India's economic reform orientation. The Insolvency and Bankruptcy Code is included among reforms supporting regulatory certainty, reduced paperwork and easier compliance. Policy priorities include infrastructure development, artificial intelligence and data centres, credit access for MSMEs, reduction of banks' non-performing assets, fiscal discipline, and investment facilitation by central and state governments.
September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
Japan Credit Rating Agency upgraded India's foreign-currency and local-currency long-term issuer ratings to A-, citing solid economic growth, strengthened growth-oriented policies and improved financial-system soundness. Improved banking asset quality, insolvency mechanisms, government capital infusion and stronger central-bank supervision support financial resilience. Fiscal quality has improved through greater infrastructure-focused capital expenditure and restraint in current spending, while a contained current-account deficit, services surplus and substantial foreign-exchange reserves support resilience to external shocks.
September 2, 2026
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Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
Foreign capital inflows and modest foreign institutional equity purchases supported rupee appreciation against the US dollar despite weak domestic equities, elevated crude oil prices and a stronger dollar. RBI monitoring and apparent currency-market intervention supported the rupee amid risk aversion, higher US Treasury yields and concerns over crude supply disruptions. Forthcoming US employment data remained relevant to dollar and rupee direction.
September 2, 2026
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Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
September 2, 2026
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Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
September 2, 2026
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GST bribery allegations led to a trap operation against officials and an intermediary in a quarrying matter.
Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
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State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
Haryana's SGST collections increased by 29 per cent during April-August of financial year 2026-27, exceeding the national growth rate of 16 per cent. August 2026 post-settlement SGST revenue rose by 21 per cent, compared with national average growth of 13 per cent. Haryana accounted for less than 4 per cent of national GST taxpayers but contributed approximately 7.7 per cent of aggregate national SGST, CGST and IGST collections. VAT/CST collections rose by 13.8 per cent during the same period.

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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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