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    Rupee rises 22 paise to close at 94.51 against US dollar
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    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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FCNR(B) deposits strengthen foreign-exchange liquidity and support rupee appreciation alongside foreign portfolio inflows into government securities.
Foreign-currency inflows through FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened foreign-exchange liquidity and supported appreciation of the rupee against the US dollar. Foreign portfolio investment in government securities was linked to the abolition of withholding tax and long-term capital gains tax on such investment. Currency-market conditions were also influenced by foreign institutional equity purchases, global risk appetite, crude-oil prices and geopolitical tensions.
September 3, 2026
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Electric vehicle adoption can reduce transport import dependence while domestic battery manufacturing increases projected long-term savings.
Electric-vehicle adoption across road-transport segments is projected to reduce dependence on imported petrol and diesel, notwithstanding continuing battery imports. Accelerated electrification could reduce vehicle-related import expenditure substantially by 2050 because reduced oil imports are expected to exceed battery-import costs. Domestic cell-manufacturing capacity may further increase savings by combining rapid vehicle electrification with battery localisation.
September 3, 2026
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Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
Women's access to credit for livelihood expansion is to extend beyond Self-Help Groups to individual women members. Loan accessibility concerns include distance from bank branches, repeated visits to complete formalities, and inconsistent banking procedures. Regular State Rural Livelihood Mission meetings, bank participation, training, helplines, process improvements and coordination with bankers are intended to reduce barriers. Loan formalities are to be standardised across banks through a uniform process involving RBI and NABARD.
September 3, 2026
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Industrial development facilitation prioritises infrastructure, services, policy utilisation, and dry-port trade connectivity for businesses and agro-based farmers.
Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.
September 3, 2026
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Regulated fintech infrastructure recognition highlights integrated payment, identity and collections capabilities across embedded financial product delivery.
Decentro operates an integrated fintech infrastructure platform combining payment acceptance, identity verification, banking and AI-led collections through a unified integration layer. It holds Payment Aggregator authorisations for online and physical payments, a Payment Service Provider licence through its GIFT City entity, and certification for offline identity-verification workflows. These capabilities support embedded financial products, payment acceptance, lending collections and related financial workflows for enterprise users.
September 3, 2026
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Responsible NBFC and HFC growth requires technology-enabled inclusion, proportionate regulation, sound governance, liquidity discipline, customer protection and cyber resilience.
NBFCs and HFCs can complement bank-led credit delivery through last-mile reach, sector-specific expertise, digital infrastructure, consent-based data sharing and cash-flow-based underwriting. Sustainable growth requires strong liquidity risk management, governance, compliance culture, diversified funding, stress testing, early-warning systems, dynamic provisioning and sound underwriting standards. Proportionate scale-based regulation, digital lending standards and a substance-over-form approach seek to support innovation while preserving financial stability. Customer protection, responsible lending, grievance redressal, fair recovery conduct, cyber resilience and protection of customer data remain essential.
September 3, 2026
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Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.
September 3, 2026
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Digital textile printing enables flexible industrial production, shorter lead times, reduced screen dependency and sustainability-focused manufacturing for export markets.
Digital textile printing is presented as an industrial alternative to conventional screen printing, allowing direct production from digital design files with faster design changes, shorter lead times and flexibility across varying order quantities. Single-pass systems support high-volume production through fixed printing units and continuous fabric movement, while multipass platforms provide flexible production across natural, synthetic and specialised textiles. Digital production is associated with printing closer to demand, eliminating physical screens, reducing unnecessary production, and addressing wastewater reduction, chemical compliance, traceability and responsible manufacturing expectations.
September 3, 2026
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Economic growth and infrastructure investment were presented as supporting exports, skilled employment, connectivity, and long-term development.
Economic growth, export expansion and infrastructure investment are presented as interconnected drivers of India's development, global standing and employment opportunities. Infrastructure expenditure, railway expansion and improved transport connectivity are identified as measures intended to facilitate movement, simplify transportation, support trade and exports, and strengthen industrial and commercial activity. These measures are associated with the objective of a developed India by 2047 and enhanced employment, business and growth opportunities.
September 3, 2026
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Co-location and dark fibre settlement addressed allegations of preferential market-data access and speed advantages in trading.
SEBI's co-location and dark fibre matters involving NSE concerned allegations that certain stockbrokers obtained unfair preferential speed advantages to access market data and execute trades ahead of other investors. NSE pursued settlement applications covering both matters, and revised settlement terms increased the cumulative amount. Payments made by NSE together completed the agreed settlement amount.
September 3, 2026
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Preferential tariff treatment remains the condition for finalising the bilateral trade agreement and improving Indian export competitiveness.
Finalisation of the India-US Bilateral Trade Agreement is contingent on the United States extending preferential tariff treatment to India relative to competing supplier countries. Further negotiations are required following changes in the United States tariff environment. A comparative tariff advantage is intended to improve the price competitiveness of Indian goods in the United States market, particularly against competitors benefiting from lower duties under least-developed-country preferences or trade agreements.
September 3, 2026
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MSME secured lending equity capital, subject to regulatory approval, supports expansion without management-control change in operations.
Business Nextgen Finance Private Limited, a non-deposit taking non-banking financial company registered with the Reserve Bank of India, has raised Rs 215 crore in equity capital to expand secured credit for micro, small and medium enterprises. The transaction received prior Reserve Bank of India approval. The capital base will support secured lending scale-up, geographic expansion, technology investment and wider access to formal credit in underserved markets. The investment does not involve a change in management or day-to-day control.
September 3, 2026
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Money-laundering probes into narcotics trafficking rely on predicate police and narcotics cases and examine cross-border linkages.
Money-laundering investigation under the Prevention of Money Laundering Act involves coordinated searches in connection with multiple narcotics-trafficking matters. The investigation is founded on police and Narcotics Control Bureau FIRs and linked chargesheets concerning separate drug-trafficking allegations, including alleged trafficking in methamphetamine, marijuana and MDMA with suspected cross-border linkages.
September 3, 2026
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Conversational AI account management enables businesses to access payment information, settlement support, refunds, and payment links through WhatsApp.
RAY is a conversational AI account manager on WhatsApp that enables businesses to access payment information, support, and operational actions through messages or voice notes. It can provide payment summaries, analyse payment activity, monitor settlement status, generate payment links, and issue refunds. The AI assistant is designed to proactively identify payment-health issues, flag settlement events, recommend actions, and use merchant-specific context to support payment management without dashboard navigation.
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.

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Smriti Irani Leads a Transformative Gender Equity Agenda at Davos 2025

January 27, 2025

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Davos, Switzerland (NewsVoir) Smriti Irani, Chairperson of the Alliance for Global Good Gender Equity and Equality, emerged as a transformative force, leading several key initiatives on Gender Equity and Equality agenda at Davos along the sidelines of the World Economic Forum (WEF) 2025, championing gender equity as a critical driver of global economic growth and social progress.

With an agenda grounded in actionable solutions, Ms. Irani’s leadership at the summit highlighted the moral imperative of gender parity and showcased its undeniable business case. Through a series of high-profile engagements with world leaders, industry titans, and media influencers, Ms. Irani advocated for embedding gender equity into global economic frameworks. Her narrative was clear and resonant: Gender equity is more than a societal aspiration; it is an economic necessity capable of unlocking trillions in global GDP.

In a pivotal meeting with Singaporean President Tharman Shanmugaratnam, Ms. Irani discussed innovative policy frameworks, including gender-responsive trade agreements and integrating women entrepreneurs into global value chains. This dialogue laid the groundwork for collaborative solutions, leveraging Singapore’s policy expertise and the Alliance’s grassroots momentum.

An impactful meeting with Bill Gates further reinforced the Alliance’s mission to create systemic change. The duo explored collaborative approaches to dismantle barriers in healthcare, digital skilling, and leadership. Mr. Gates expressed strong support for the Alliance’s data-driven strategy, emphasizing scalable solutions with measurable impact.

Ms. Irani’s meeting with Børge Brende, President of WEF, marked a reflective moment, highlighting the Alliance’s achievements since its inception in 2024. She emphasized milestones such as the Commonwealth Partnership for gender-inclusive programs and the SAWIE (South Asian Women in Energy) initiative, a collaborative effort to amplify women’s leadership in the energy sector.

Ms. Smriti Irani’s leadership shone brightly during WEF sessions that seamlessly combined data-driven insights with human stories of resilience. The session “Women at the Fulcrum of Global Economies,” moderated by Ms. Smriti Irani and co-hosted by the Bill and Melinda Gates Foundation highlighted women’s control of 50% of global wealth by 2030 and the importance of tapping their potential by integrating women into the workforce, with data suggesting it could contribute an additional $1.6–$2.3 trillion to global GDP.

At the Alliance’s flagship “We-Lead Lounge,” Ms. Smriti Irani convened global stakeholders to address critical gaps in leadership and representation across technology, healthcare, and sustainability. The discussions, ranging from the future of work to women’s role in climate action, yielded commitments to skilling initiatives and gender-inclusive policies.

A hallmark of Ms. Irani’s strategy was her focus on measurable impact. Collaborations with corporate leaders like Naspers CEO Phuthi Mahanyele-Dabengwa and Salesforce SVP Naomi Morenzoni emphasized equipping women with digital skills to lead in emerging sectors such as technology and e-commerce. These discussions laid the foundation for long-term initiatives aimed at integrating women into the digital economy.

Ms. Smriti Irani also prioritized healthcare advancements, partnering with organizations like GAVI and the Coalition for Health Innovation and Collaboration (CHIC) to expand access for underserved women globally.

Recognizing the power of media in driving systemic change, Ms. Irani collaborated with TIME Magazine’s Viktoria Degtar and others to amplify women’s leadership stories. These efforts aimed to ensure that women’s contributions resonate globally, shifting narratives and creating inclusive platforms for recognition. At Davos 2025, Smriti Irani demonstrated a results-oriented approach to fostering sustainable, inclusive growth. Her leadership cemented the Alliance’s position as a global catalyst for gender equity, setting a pragmatic, scalable model for economic and social transformation.

About Alliance for Global Good - Gender Equity and Equality The Alliance for Global Good - Gender Equity and Equality is a landmark initiative launched by India at the World Economic Forum Annual Meeting 2024 in Davos, Switzerland, reflecting Prime Minister Shri Narendra Modi’s vision of “Women-led Development.” Supported by WEF, CII, Bill and Melinda Gates Foundation, and over 10,000 industry partners including Tata, Bayer, Uber, and Mastercard, the Alliance aims to foster global collaboration on women’s health, education, and enterprise. Anchored by the CII Centre for Women Leadership, it builds on commitments from the G20 Leaders’ Declaration and aligns with India’s ethos of Vasudhaiva Kutumbakam – “One Earth, One Family, One Future.” With WEF as a network partner and Invest India as an institutional partner, the Alliance is set to drive impactful change through best practices, investments, and knowledge sharing, furthering inclusive growth and bridging gender gaps globally.

About Smriti Irani Smriti Zubin Irani is a seasoned politician and social activist with over two decades of experience in public service. A three-time Member of Parliament, she gained national prominence by creating history in 2019, defeating the then-Congress President in Amethi, a constituency previously seen as a Congress stronghold. She has served in the Union Cabinet under Prime Minister Narendra Modi in key portfolios, including Women & Child Development, Minority Affairs (as the first non-Muslim Minister), Human Resource Development, Information & Broadcasting, and Textiles. Known for her dedication to policy reform and inclusivity, she was India’s youngest Cabinet Minister in Modi 1.0 and 2.0 and the first woman to lead the HRD and Textiles Ministries. She has represented India in global forums, including the Inter-Parliamentary Union, and was named a Young Global Leader by the World Economic Forum in 2015. Smriti Irani’s activism extends to gender equity, disability inclusion, and women’s empowerment.

(Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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