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    Sugar prices rise again by Re 1 per kg to Rs 65 in retail market
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August 26, 2026
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Sugar price-control measures combine raw-sugar imports, stockholding limits and export restrictions to curb retail price pressures.
Sugar price-control measures combine authorised raw-sugar imports, stockholding limits for dealers and bulk consumers, and an existing export prohibition to address elevated domestic prices. Imports are permitted within the specified period, while stockholding restrictions seek to curb speculation and hoarding. Retail prices continued to rise despite lower ex-mill prices, and the regulatory approach focuses on augmenting supply, limiting stock accumulation, and preventing export-related pressure on domestic availability.
August 26, 2026
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Alternative dispute resolution enabled settlement of long-pending disputes, alongside reporting on court administration and regulatory compliance concerns.
Legal developments include resolution of long-pending tenancy, commercial and property disputes through a special Lok Adalat mechanism, including a digitally signed international settlement. Other matters concern a challenge to a riot-related murder conviction, allegations of administrative irregularities and selective case listing, fast-track court pendency, cancellation of a recruitment process following suspected examination malpractice, fraudulent identity documents used to claim citizenship, medical-qualification standards, and opposition to uranium exploration and mining.
August 26, 2026
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MSME co-lending supports digital paperless credit delivery through rural banks for underserved rural and semi-urban enterprises.
SIDBI-RRB MSME co-lending arrangement is proposed for expansion to increase credit access for micro, small and medium enterprises in rural and semi-urban areas. The arrangement combines SIDBI's understanding of MSME credit requirements with Regional Rural Banks' local reach. SIDBI's Co-Lending Origination Platform provides an end-to-end digital credit process intended to enable faster, paperless loan processing, in-principle sanction communication, documentation and direct account disbursement without branch visits.
August 26, 2026
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Input tax credit mismatch alone cannot support fraud-based GST demand without an assessing officer's recorded satisfaction of fraud or suppression.
Section 74 GST demand proceedings require the assessing officer's independent satisfaction of fraud, wilful misstatement or suppression of facts. An input tax credit mismatch or alleged short payment alone cannot establish these conditions. Unsupported assertions of suppression for invoking extended limitation are insufficient, and audit objections cannot replace the assessing officer's satisfaction. A show cause-cum-demand notice lacking factual allegations of a deliberate device to evade tax or avail excess input tax credit is vulnerable.
August 26, 2026
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Fraudulent Aadhaar procurement exposes identity-verification gaps and prompts disclosure, expedited investigation, deportation, and statutory review measures.
Fraudulent procurement of Aadhaar and other identity documents by foreign nationals who infiltrate borders may undermine identity verification, immigration control and national security. Coordinated action is required to trace and deport such persons, prevent re-entry, strengthen document verification, and complete investigations without delay. Amendments to the Aadhaar Act are to be considered to assist investigating agencies, while a dedicated procedure is required to address border infiltration and human trafficking. Aadhaar enrolment records are to be supplied to police, followed by timely deportation proceedings.
August 26, 2026
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Foreign investment liberalisation proposals receive industry support, subject to preserving AIF treatment, grandfathering, and prospective application.
Proposed foreign-investment liberalisation, including treatment of stakes below 10 per cent and a greater role for market forces in valuation, is welcomed. Preservation of the existing treatment of Alternative Investment Funds under the IOCC framework is emphasised, together with grandfathering of transactions and funds undertaken under the current regulatory position. Newly introduced requirements should operate prospectively to support a simpler, predictable and investment-friendly foreign-investment framework.
August 26, 2026
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India market expansion guides Nestle 's volume-led growth, export-hub development and long-term investment without compromising product quality.
Nestle 's India strategy focuses on volume-led growth, wider consumer reach, portfolio development, efficiency improvements and sustained long-term investment. Growth is intended to combine increased household penetration with pricing, premiumisation, affordability and value offerings. India is also intended to develop further as a production and export hub for global markets, supported by manufacturing capacity and expanding overseas supplies. Product quality and consumer interests remain constraints on the pace of expansion.
August 26, 2026
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Credit awareness through regular score and report review supports responsible borrowing, error detection, and informed credit management.
Free online access to the Credit Pulse Report is available through the Bajaj Finance website. Users verify their registered mobile number through OTP authentication, provide identifying particulars including PAN and date of birth, and then view the available credit score. The report may be reviewed and downloaded to examine repayment history, active credit accounts, recent enquiries and other recorded credit information. Periodic review can help identify unfamiliar accounts, inaccurate repayment records, overdue amounts, unupdated information and changes in credit utilisation.
August 26, 2026
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Credit lifecycle consistency requires facility-specific treatment so UPI-linked credit records, repayments and customer obligations remain aligned.
CARD91's Credit Lifecycle Consistency Framework calls for facility-specific treatment of Credit Line on UPI transactions and continuing credit events. Credit limits, outstanding balances, repayments, refunds, reversals and EMI conversions should be accurately connected to the relevant customer account and applied according to the underlying facility's terms. Bank policy, customer consent, transaction controls and portfolio actions should remain aligned. Customer-facing applications, statements and alerts should consistently reflect available credit, outstanding obligations and repayment schedules, while disputes and manual corrections follow documented, reviewable processes.
August 26, 2026
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Non-revolving credit lines require term-loan structures supporting multiple drawdowns without replenishing sanctioned limits for NBFC lending products.
Proposed restrictions on revolving credit facilities for most NBFCs would generally require credit products to operate as term loans, rather than facilities in which principal repayment automatically restores the available borrowing limit. Compliance may require technology capable of managing multiple drawdowns within an approved sanction, separate repayment schedules, amortisation and servicing workflows, while preventing repaid principal from replenishing the sanctioned limit.
August 26, 2026
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Reciprocal trade tariffs intensify as negotiations confront market access, cultural protections, industrial safeguards, and sovereignty concerns.
US-Canada tariff escalation involves reciprocal import duties following failed negotiations over market access and trade in dairy, alcoholic beverages, automobiles, steel, aluminium and softwood lumber. United States tariff action relies on a rarely used trade-law power permitting duties against countries considered to discriminate against American businesses, without a prior investigation or stated time limit. Negotiations also raised concerns about protection of major industries, cultural protections and Canada's freedom to conclude trade agreements with other countries.
August 26, 2026
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Diaspora engagement supports skilled mobility, investment links, remittances, and citizen welfare while encouraging compliance with local laws.
Indian diaspora engagement in Japan supports bilateral goodwill, business links, investment opportunities and people-to-people ties. Skilled Indian professionals are encouraged to understand local requirements, learn Japanese language and culture, and pursue opportunities in healthcare, trades, engineering, artificial intelligence, accountancy and maritime work. Diaspora members are also encouraged to maintain connections with India, contribute through digital education and knowledge-sharing, and comply with local laws and regulations. Remittances and government support for citizens' welfare, safety and crisis assistance abroad are recognised as important aspects of diaspora engagement.
August 26, 2026
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Semiconductor and AI cooperation advances through industry engagement, investment facilitation, and accelerated economic partnership review.
India-Japan cooperation in semiconductors and artificial intelligence is being strengthened through industry engagement, investment facilitation, technology partnerships and an economic-security-oriented framework. India's semiconductor strategy covers chip design, machinery and materials, fabrication, ATMP/OSAT, research, and talent development, supported by Semicon India initiatives. Bilateral engagement also seeks to address industry concerns, expand manufacturing and innovation partnerships, and accelerate review of the Comprehensive Economic Partnership Agreement to reflect emerging economic opportunities.
August 26, 2026
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Virtual trader engagement platform strengthens weekly grievance feedback, policy information sharing, and institutional dialogue between government and trading communities.
The Virtual Conference Interaction Meetings provide a weekly, accessible forum for retail traders to engage with the Government, receive information on relevant schemes, policies and reforms, and submit grievances and suggestions. The platform enables recurring concerns to be identified and communicated to concerned Ministries and Departments for consideration and redressal. It seeks to strengthen institutionalised dialogue, feedback, transparency, trust and cooperation between the Government and the trader community.
August 26, 2026
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Competition clearance for full acquisition permits Cyient to acquire Tao Digital Solutions, a global digital transformation and technology services provider.
Competition Commission of India approved Cyient Limited's acquisition of 100% of Tao Digital Solutions Inc.'s share capital from its existing shareholders. The full share capital acquisition transfers complete ownership of Tao Digital Solutions to Cyient. Tao Digital Solutions provides global digital transformation and technology services, including product engineering, managed services, cybersecurity, payments, digitization and AI, cloud services, and data services, and operates in India through its wholly owned subsidiary, Tao Digital India Private Limited.
August 26, 2026
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Competition clearance for full coal-sector acquisition addresses limited Indian market links through metallurgical and thermal coal sales.
Competition approval covers Yancoal Australia Limited's acquisition of 100% equity interest and warrants in Kestrel Coal Group Pty Ltd. The target holds an 80% interest in the Kestrel Joint Venture, which operates a Queensland coal mine producing principally metallurgical coal and a smaller volume of thermal coal. Neither the acquirer nor the target has a physical presence in India. Their Indian nexus is limited to coal exports and the joint venture's sales of metallurgical coal into India.
August 25, 2026
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Customs classification of unassembled vehicle imports requires fresh hearing after reserved tax challenge was released without verdict.
The dispute concerns customs classification of imported unassembled vehicle parts. Customs authorities allege that parts imported in separate shipments should have been declared as completely knocked down (CKD) units, attracting the higher duty applicable to CKD imports, rather than as individual components subject to lower duty. The manufacturer contests the resulting customs demand. Proceedings have been released for fresh hearing before the regular indirect-tax writ bench, with status quo maintained for four weeks.
August 25, 2026
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Retaliatory tariffs on imported goods escalate trade measures, targeting key sectors while maintaining support for affected domestic businesses.
Canada has imposed retaliatory tariffs on United States-origin industrial and consumer goods following increased United States tariffs on Canadian goods. Effective 8 September, the measures apply at rates of 15%, 25% and 50% across more than 700 products, including steel, aluminium, appliances, dairy products, seafood, furniture, clothing, pulp and paper, and electronics. Existing countertariffs on automobiles remain in force. The measures seek to protect domestic businesses and reduce imports, supported by assistance for affected workers and businesses amid risks to integrated cross-border supply chains.
August 25, 2026
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Foreign-exchange market intervention and lower crude prices supported rupee appreciation, while USD/INR remained range-bound amid shifting dollar conditions.
Foreign-exchange market conditions supported rupee appreciation against the US dollar, driven by stronger domestic equity markets, a weaker US dollar and lower crude oil prices. The USD/INR pair remained broadly range-bound, with oil-price movements and Reserve Bank intervention identified as key near-term influences. The special USD-INR foreign-exchange swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings mobilised substantial foreign-exchange inflows.
August 25, 2026
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Section 301 tariffs may have lower impact where major exports remain outside their scope amid resilient domestic demand.
Economic resilience is attributed to buoyant domestic demand, increased manufacturing and services activity, improving liquidity conditions, credit growth, investment activity and rebounding foreign capital inflows. Recovery in the southwest monsoon improved kharif sowing and reservoir storage, partly mitigating agricultural-sector risks. US Section 301 tariffs are expected to have a comparatively lower effect because major Indian exports to the United States, including smartphones, petroleum products and pharmaceuticals, remain outside their scope. Foreign direct investment improved with higher gross inflows, while outward foreign direct investment continued to decline.

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BJP CMs hail Budget as 'milestone' for Viksit Bharat; nothing on jobs, inflation, say oppn leaders

February 1, 2025

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Lucknow/Shimla, Feb 1 (PTI) Chief ministers of states BJP-ruled states in Uttar Pradesh, Haryana, Uttarakhand and Rajasthan hailed the Union Budget announced on Saturday as a milestone in creating a "self-reliant" and "developed" India.

The reaction by leaders of opposition-ruled states was rather mixed, with Himachal Pradesh Chief Minister saying the Budget fails to address concerns regarding unemployment, poverty and inflation while the National Conference, the ruling party in Jammu and Kashmir, said the announcements made by Finance Minister Nirmala Sitharaman were "balanced".

In a series of posts on X in Hindi, UP Chief Minister Yogi Adityanath lauded the move to make income up to Rs 12 lakh tax-free, saying it will improve the lifestyle of the middle-class.

Adityanath said the Budget "will prove to be a milestone in accomplishing the goal of Viksit Bharat".

He lauded the decision to provide term loan up to Rs 2 crore to 5 lakh women, SC/ST entrepreneurs in the next 5 years. He said crores of youth will get new opportunities when the Centre of Excellence of Skilling' and 'Centre of Excellence in AI for Education' are established.

Kisan Credit Card loan limit was raised from Rs 3 lakh to Rs 5 lakh, which will help farmers in the country, the UP CM said.

Deputy chief ministers Keshav Prasad Maurya and Brajesh Pathak also praised the Budget, saying it will benefit the poor, youth, farmers and women, while it also focuses on tax exemption and infrastructure development.

Former deputy CM of UP and Rajya Sabha MP Dinesh Sharma said the Union Budget 2025-26 is "a booster" of policies and schemes to the economy that will "make India a world superpower".

UP BJP chief Bhupendra Singh Chaudhary said the Budget will "make the poor, youth, farmers and women economically strong" and will prove helpful in achieving the goal of Viksit Bharat.

Samajwadi Party chief Akhilesh Yadav said the Budget provides no plan to reduce inflation or unemployment and makes no announcement on the legal right on Minimum Support Price (MSP) on crops or loan waivers for farmers.

Yadav said the BJP government is misleading the common people through false figures and is "silent" in the Budget on the "faulty" GST.

"The government is also showing false hopes to the middle class. It is looting the people through other means. The government, which is making noise about the economy all over the world, is not able to organise a Kumbh in a safe manner," he said. A stampede at the Maha Kumbh killed at least 30 and injured 60 people.

Rajasthan Chief Minister Bhajanlal Sharma said he believes the Budget's focus on "Make for World" will help make the country "a global economic power". Sharma highlighted the Budget's emphasis on balanced and inclusive development, noting significant relief provided to the middle class, economic support for farmers, and strengthened provisions for the MSME sector.

BJP state president Madan Rathore hailed the Union Budget as a boon for the middle class, particularly due to the income tax exemption on income up to Rs 12 lakh. He believes the Budget will be a milestone for the welfare and upliftment of people and will significantly contribute to a developed India.

State Congress chief Govind Singh Dotasra said the Budget failed to address the needs of the common people in Rajasthan and only benefits capitalist "friends" of the government which will widen the gap between the rich and poor.

Chief Minister Nayab Singh Saini said Haryana being an agriculture-based state will greatly benefit from the Budget. "The loan limit on the Kisan Credit Card has been increased from Rs 3 lakh to Rs 5 lakh. In addition, 100 districts with low agricultural productivity will be prioritised under the 'Dhan Dhanya Krishi Yojana'," he said praising the Budget.

Saini said the 5-year mission to boost cotton production will strengthen the textile industry. Loan limit has been increased from Rs 10 crore to Rs 20 crore for start-ups, while the loan guarantee cover for the the MSME sector has been raised from Rs 5 crore to Rs 10 crore, he said.

The Haryana CM added that the Budget includes significant announcements for the education and health sectors.

Former chief minister and Congress leader Bhupinder Singh Hooda slammed the Budget, saying it provides no roadmap for job creation or reducing inflation.

He said there were no announcements for farmers and there was no mention of a guarantee on MSP on farm produce.

Congress leader and Sirsa MP Kumari Selja said the Budget lacks bold reforms and is "a budget of promises" without concrete implementation plans.

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said the Budget fails to address critical issues of unemployment, rising prices, and growing inequality. It also fails to expand rail network in Himachal Pradesh, which was essential for economic growth in the state.

He said tough conditions are attached to interest-free loans given to states for capital expenditure making it difficult for small states like Himachal Pradesh.

"It's an anti-poor budget and not futuristic. It is a total opportunistic budget," he added.

Uttarakhand Chief Minister Pushkar Singh Dhami on Saturday welcomed the Union Budget, saying it has given a big relief to the middle class by exempting annual income of up to Rs 12 lakh from income tax. He said Uttarakhand will get direct and indirect benefits from the many schemes announced.

Dhami said the Budget incorporates Uttarakhand's request for setting up a Centre of Excellence for Artificial Intelligence (AI) and Cyber Security in the state. The government has announced five National Centres of Excellence in the country and 50,000 Atal Tinkering Labs in government schools, he said.

The CM said Uttarakhand will also benefit from the extension of the Udan scheme in 120 more cities across the country. Medical services will expand in the state by setting up cancer centres in all districts of the country over the next 3 years, he said.

The ruling National Conference in J-K said the Union Budget looks balanced and exempting income tax up to Rs 12 lakh was "a good thing".

National Conference chief spokesman Tanvir Sadiq said he would expect J-K would be part of the 50 new tourism destinations and the medical tourism initiative announced in the Budget.

People's Conference president Sajad Lone, however, said there was not much in the Budget for Jammu and Kashmir, adding that allocation has been reduced by Rs 1,000 crore.

PDP spokesman Iqbal Tramboo said the Budget by the finance minister was "only a jugglery of words". There was not "even a mention of Jammu and Kashmir in the Budget", he said.

The Congress unit in J-K said the Budget was more focused on Bihar and election-bound Delhi for "political considerations". J-K Congress chief Tariq Hameed Karra said except for a "long-overdue minor relief" for the salaried class in the income tax slabs, Karra said there was no relief for the rest.

Karra added that there was no announcement on increasing the income or savings of people by providing alternate means of earning.

J-K BJP chief Sat Sharma said the "people-friendly" Budget has taken care of all sections of the society. PTI COR NAV CDN CHS AG ALM MIJ TAS SKY SKY

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