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    Five held in UP's Bareilly for alleged fake Ayushman cards racket
    MSMEs are the true builders of India’s economic resilience: LG Sinha
    RBI MPC preferred wait-and-watch stance amid food and fuel inflation risks: Minutes
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    PSB Confluence 2026 concludes with actionable strategies across seven themes for Public Sector Banks and Public Financial Institutions
    Previous LDF govt didn't fulfil many obligations related to Vizhinjam port: CM Satheesan
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    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.
    August 19, 2026
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    Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
    Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
    August 19, 2026
    Show AI Summary
    AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
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    August 19, 2026
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    Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
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    August 19, 2026
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    Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
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    August 19, 2026
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    Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
    Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
    August 19, 2026
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    Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
    Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.
    August 19, 2026
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    India-Japan investment partnership prioritises technology, manufacturing and infrastructure collaboration, with Uttar Pradesh positioned for deeper Japanese commercial engagement.
    India-Japan economic cooperation is positioned for deeper investment and commercial partnerships in manufacturing, technology, infrastructure, energy, defence, artificial intelligence, semiconductors, critical minerals, batteries and next-generation mobility. Uttar Pradesh is identified as a prospective destination for Japanese investment because of its workforce, connectivity, manufacturing base, MSME sector, export capacity, transport infrastructure and industrial clusters. Investment facilitation is associated with reforms in ease of doing business, digital public infrastructure and multimodal logistics.
    August 19, 2026
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    Carbon border adjustment compliance requires reliable emissions data, reporting, accreditation and verification throughout exporters' supply chains.
    European Union Carbon Border Adjustment Mechanism compliance requires exporters to address covered products, embedded-emissions calculation, data collection, reporting, accreditation and verification. Preparedness across the export value chain depends on timely emissions data from suppliers and other stakeholders, supported by credible verification mechanisms. Capacity-building and engagement seek to facilitate workable compliance with evolving sustainability-related international trade requirements.
    August 19, 2026
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    Youth banking engagement promotes sustained customer relationships through digital access, campus outreach and financial support across evolving life stages.
    Public Sector Banks and Public Financial Institutions are urged to implement actionable strategies with clear ownership and realistic timelines. Youth banking engagement is to be strengthened through a focused campaign, a common digital access platform and physical outreach, supporting young customers' evolving financial needs. Priority sector lending requires granular monitoring, early identification of target gaps and productive credit flow to intended beneficiaries. Agriculture and horticulture value-chain financing may cover farmer producer organisations, storage, processing, logistics and market linkages, while credit card strategies include digital onboarding, cross-selling and RuPay-UPI integration.
    August 18, 2026
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    Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
    Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.

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      MSME pharma companies get additional one year to upgrade facilities under Schedule M

      January 5, 2025

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      New Delhi, Jan 4 (PTI) The Health Ministry on Saturday gave small and medium pharma companies with a turnover of less than Rs 250 crore an additional 12 months to implement the revised good manufacturing practices under Schedule M of the Drugs and Cosmetics Act.

      They should now comply with improved manufacturing practices by December 31, 2025. The extension comes following requests by manufacturing units to upgrade their facilities, the ministry said in a statement.

      Good Manufacturing Practices (GMP) are being implemented in the country to build and bring quality into products by way of control on materials, methods, machines, processes, personnel and facility/environment etc, the ministry said.

      There are around 10,500 manufacturing units in the country out of which around 8,500 fall under the MSME category.

      India is a major exporter of medicines to low and middle-income countries (LMIC) that require WHO GMP certification. Currently, there are around 2000 units in the MSME category in the country having WHO GMP certification.

      The pharmaceutical manufacturing and quality domain has developed and progressed significantly in the last 15-20 years, the statement said.

      "Our understanding of the domain has increased because of development in pharmaceutical and manufacturing sciences. Linkage between manufacturing and product quality and interdependence between the two has been established," the statement said. To keep pace with the fast-changing pharmaceutical manufacturing and quality domain, the government revised the GMP mentioned in the current Schedule 'M' of Drugs and Cosmetics Act.

      "This would bring our GMP recommendations and compliance expectation at par with global standards, specially to those of WHO, and ensure production of globally acceptable quality of drug," the statement said.

      The new Schedule M was notified in December 2023.

      In order to have a smooth transition from the present Schedule M to the revised Schedule M, it was decided to provide a transition period of 6 months and 12 months for large manufacturers (more than Rs 250 crore turnover) and MSMEs (less than Rs 250 crore turnover) respectively and the notification was published on 5th January 2024.

      Accordingly, the Central Drugs Standard Control Organization (CDSCO), in collaboration with states and UTs, chalked out an aggressive nationwide plan for stakeholders to make them aware about the new Schedule M including its requirements, importance and technical justification, resource availability etc, the statement said.

      Till date, CDSCO has completed 15 awareness sessions at different cities and manufacturing hubs. As many as 36,855 attendees have attended these session in hybrid mode and these have been received very well by the industry, especially MSMEs, it said.

      As per the notification, units with annual turnover of more than Rs 250 crore were to comply with the revised Scheduled M standards from July 1, 2023.

      For units with annual turnover of less than Rs 250 crore (MSMEs), the date of implementation of revised Schedule M was January 1, 2025, the statement said.

      Representations have come from various industry associations representing the pharma MSME sector for the extension of this deadline. The main reasons for seeking the extension are arranging for finances for upgradation and time for implementation of the required changes, the statement stated.

      The issue of providing the extension in the implementation date has been discussed in detail.

      In order to facilitate the upgradation of facilities of the MSME units, a draft notification has been issued by the Department of Health and Family Welfare that they will be given three months' time to register with CDSCO and share the plan of upgradation with CDSCO.

      A twelve months extension will be provided for such units i.e. until 31.12.2025. The statement said that after three months, an audit of these facilities will be conducted, and depending on the status of implementation of the plan, action will be taken if the upgradation which has been committed is not being executed.

      Till date, CDSCO has inspected over 800 manufacturing units and 252 public testing labs till now. The observations from the units being audited and the feedback coming from stakeholders clearly show the improvement on the ground towards the implementation of GMP standards by MSMEs.

      There is awareness and sensitisation all around and there are a good number of units that have initiated the upgradation process, the statement said This augurs well for the production of safe, efficacious and quality pharmaceuticals and drugs in the country. PTI PLB RT RT

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