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    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
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August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
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Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
Show AI Summary
Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
August 19, 2026
Show AI Summary
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.

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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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