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    NBCC moves SC for RERA exemptions to complete 16 stalled Supertech projects
    DFS Hosts PSB Confluence 2026: Day 1 Deliberations focus on Four themes- Deposit Mobilisation, Banking for Youth, Supporting the Investment Cycle and ...
    Govt to soon announce high-level panel on 'Banking for Viksit Bharat': FM
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    Govt to soon announce high-level panel on 'Banking for Viksit Bharat'
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    Colombian president asks Trump to suspend tariffs to help earthquake recovery
    Mission Samudra to be launched alongside Vizhinjam’s EXIM operations
    Europe emerges top destination for India's electric car shipments in Q1
    Govt sets LPG production targets for refiners; Reliance gets largest quota
    PM urges MSMEs to tap opportunities from FTAs
    PM urges farmers to adopt 'chemical-free farming' to tap rising global demand for such food items
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    Need one or two Indian pharma firms to be among global top 5: PM Modi
    Small taxpayers with€™ foreign assets to face 30 pc tax plus penalty; disclosure scheme opens till Dec 31
    PM urges MSMEs to tap opportunities from FTAs
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    August 17, 2026
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    RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
    RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
    August 17, 2026
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    Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
    PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
    August 17, 2026
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    Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
    Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
    August 17, 2026
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    FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
    Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
    August 17, 2026
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    Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
    High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
    August 17, 2026
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    Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
    The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
    August 17, 2026
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    SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
    SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
    August 17, 2026
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    FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
    The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
    August 16, 2026
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    Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
    Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
    August 16, 2026
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    Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
    Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
    August 16, 2026
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    Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
    India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
    August 16, 2026
    Show AI Summary
    LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
    Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
    August 16, 2026
    Show AI Summary
    Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
    Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
    August 15, 2026
    Show AI Summary
    Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
    Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
    August 15, 2026
    Show AI Summary
    Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
    FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
    August 15, 2026
    Show AI Summary
    Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
    Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
    August 15, 2026
    Show AI Summary
    Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
    FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
    August 15, 2026
    Show AI Summary
    Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
    Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
    August 15, 2026
    Show AI Summary
    Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
    Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
    August 15, 2026
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    Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
    Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.

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      DELLORTO at AUTO EXPO 2025. Evolution of Emotions

      January 18, 2025

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      New Delhi [India], January 18: At AutoExpo 2025, DELLORTO is emphasizing its DN4. The focus is on four key aspects that define its strong Italian identity, which continues to evoke emotions. More importantly, it seeks to share these emotions with its world—a universe made up of passionate motor enthusiasts, friends, and brand partners, as well as all the visitors that will liven up the stand during the event.

      An ideal journey through our products, the most innovative items of today, and the technologies of the near future.

      The stand will feature vehicles equipped with DELLORTO products such as the Aprilia 457 and the FANTIC ISSIMO CITY L1 electric scooter.

      AutoExpo is the occasion to witness another evolution of the products that have made history and shaped the brand: a new carburettor named after its creator, Eng. Giuseppe Dell’Orto, the company’s president: PHDG DELLORTO's booth will be divided into 4 main areas: Motorsport, Injection, Electric, and Aftermarket.

      These elements intertwine to create the double helix of the DELLORTO DN4, which runs along the walls of the stand for visitors to explore at AutoExpo 2025. It’s a world of passion for motors in continuous evolution.

      DELLORTO FOR TOMORROW’S MOBILITY At AUTO EXPO 2025, DELLORTO will showcase its history and passion for motorsports, presented through four thematic areas: Motorsport, Injection, Electric, and Aftermarket.

      Throttle bodies, electronic control units, fuel pumps, and a wide range of products linked to the E-POWER project.

      1. MOTORSPORT For DELLORTO, Motorsport is the ultimate testing ground for developing innovative and sustainable solutions. From the throttle bodies of the Aprilia MotoGP to those used in the Porsche GT3 Supercup, from Kart carburettors to the ECU for Moto3, DELLORTO continually supports the development and adoption of renewable fuel-based solutions. In parallel, it remains a key partner in the MotoE championship, which represents the pinnacle of electric propulsion in motorcycling. This simultaneous commitment to both combustion and electric motors reflects the company’s strategy of providing new solutions for electromobility, while also strengthening its position in the combustion engine sector.

      2. INJECTION DELLORTO supports the evolution of combustion engines towards zero environmental impact, while maintaining the soul and character that excite all motorcyclists. The new ride-by-wire system finally makes solutions available, even for small and medium-sized single and two-cylinder motorbikes, that were previously reserved for high-end multi-cylinder motorbikes. In 2025, the current ride-by-cable system will also be updated with the introduction of riding modes, alongside the debut of a Lite version designed for simpler and more affordable applications. The development of throttle bodies continues with unique solutions like innovative bypass systems or oval throttles with aerodynamic shafts. These are just a few examples of innovations that combine smooth operation with quick response and low emissions with high performance, ensuring success not just on the track but also on the road. DELLORTO’s fuel supply modules are future-proof, capable of handling fuels with up to 30% ethanol, and are used in a wide range of applications, from small scooters to large motorcycles. Another key aspect is the gradual phase-out of fossil fuels. In 2024, the DoPOWER 1.0 ECU for Moto3 managed engines running on 40% defossilized fuels, and starting in 2025, DELLORTO injection systems will be mass-produced for fuels containing up to 20% renewable sources—a first but crucial step towards the mobility of the future.

      3. ELECTRIC DELLORTO is expanding its range of solutions for electric mobility, covering a power and range spectrum that meets all urban mobility needs, from scooters to lightweight transport vehicles, including three- and four-wheeled vehicles.

      The three strengths of DELLORTO's electric offerings are low voltage (below 60V), air cooling, and a modular, scalable architecture that facilitates vehicle integration.

      The VID product family (VCU-Inverter-DC/DC) integrates vehicle control, electric motor CONTROLLER and a 12V onboard network converter into a single device.

      VID is the “carburettor” of an Electric Vehicle and Dellorto present it in 3 SIZEs able to follow a scalable vehicle configuration: VID165 – VID250 – VID360, from 45km/h up to 100km/h Removable batteries can be conveniently charged from a regular household socket, thanks to chargers available in two power sizes to meet every need.

      With the sophisticated Battery Management System (BMS), up to 8 batteries can be used in parallel in a coordinated manner, providing greater autonomy or power for vehicles that require it.

      These solutions developed for urban mobility have also found applications in adjacent sectors where DELLORTO has applied an automotive approach: Industrial, Agriculture, Logistics, and Energy storage.

      Thanks to the experience gained in the development of lithium batteries for traction, DELLORTO now offers 12V lithium starter batteries that are lightweight, compact, and equipped with BMS that communicates with the vehicle.

      DELLORTO believes that in the future, the majority of engines will feature some form of electrification, and the ongoing developments lay the foundation for acquiring the necessary know-how to meet the challenges of sustainable mobility.

      4. AFTERMARKET The carburettor, named PHDG, was conceived, designed, and championed by the engineer Giuseppe Dell’Orto, the company’s current president. Notably, the last two letters of the new carburettor’s name are his initials—a tribute from the entire DELLORTO family to their President. Born in 1940, Giuseppe Dell’Orto holds a degree in mechanical engineering and grew up professionally in foundries and machine shops. He has been the driving force of the company for over 50 years, with a lifelong passion for engines that led him to follow in the footsteps of his father and uncles, the company’s founders. Today, as President, he is still at the forefront, actively supporting the third generation in managing the company and creating new products like the PHDG carburettor.

      «The idea behind this year's AUTOEXPO is essentially tied to who we are and what we do. Even when considering the challenges of the future, it is unimaginable to succeed without combining the skills, knowledge, and strengths we have developed over more than 90 years of activity.

      For us, the DN4 DELLORTO, represented at the fair by all our products, the vehicles they equip, and the emotions they bring to our many supporters and brand friends, is a process made possible by both past and present technologies and the invaluable know-how derived from our global team and the valuable partnerships we’ve built over time.

      All of these are essential ingredients in creating the products of tomorrow, united by the red thread of passion for motors and the quality of a product that is international but proudly Made in Italy. These emotions have been carried by our family-run brand for three generations and are now being directed towards a future that is as challenging as it is fascinating.» (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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