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    PM urges farmers to adopt 'chemical-free farming' to tap rising global demand for such food items
    Govt rolls out foreign asset disclosure scheme for small taxpayers
    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
    Govt cuts windfall gains tax on petrol, diesel, ATF exports
    Modi warns of weaponisation of resources, sea routes; urges energy self-reliance
    Current account deficit widens to USD 6.2 bn in Jun: RBI data
    Concessional swap facility attracts USD 56.85 bn forex inflows: RBI
    DFS Highlights Mechanism for Timely Redressal of Insurance Policyholders’ Grievances
    Forex kitty jumps USD 14.14 bn to USD 707 bn in one of the biggest weekly expansions
    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
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    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
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    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
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    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.
    August 14, 2026
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    Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
    India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
    August 14, 2026
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    Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
    The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
    August 14, 2026
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    Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
    Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
    August 14, 2026
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    Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
    India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
    August 14, 2026
    Show AI Summary
    Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
    Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
    August 14, 2026
    Show AI Summary
    Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
    Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
    August 14, 2026
    Show AI Summary
    International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
    International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
    August 14, 2026
    Show AI Summary
    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
    August 14, 2026
    Show AI Summary
    International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
    IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
    August 14, 2026
    Show AI Summary
    Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
    Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
    August 13, 2026
    Show AI Summary
    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
    Show AI Summary
    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    August 13, 2026
    Show AI Summary
    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.

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      G Square Unveils G Square Regal Park in Vandalur: Redefining Urban Living with Unmatched Connectivity

      February 4, 2025

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      Chennai: G Square, India’s largest real estate developer, is launching its latest project, G Square Regal Park, in Vandalur. Just a 5 minutes drive from Tambaram, bang on the GST Road, Vandalur enjoys excellent connectivity to all parts of the City. Oragadam, the automobile hub, is 10 minutes away; Gateway IT Park SEZ is just 2 minutes away while the OMR is easily reached via Perungalathur and Pallavaram. It is literally the most ideal central location for a family whose members have to reach different parts of the city, say, the father working in Oragadam, the mother in the Secretariat, the daughter in the OMR IT Park or the son studying in SRM! Their combined commute time from Vandalur will unquestionably be the least compared to any other area.

      GST Road is rightly known as the Southern Chennai’s lifeline. One of the main reasons for this is the unmatched multi-modal connectivity it offers. Much unlike the OMR or ECR – GST Road has almost everything a citizen could ask for – local train service, Metro Bus Service, all Southern buses, all Southbound trains, and now Metro, aside from the International Airport. No wonder that GST has seen and is continuing to see unabated development even beyond 60 kms from Chennai’s periphery. Presence of a diverse bouquet of educational and other institutions on this road is a testimony to this fact.

      Areas along GST Road, such as Guduvanchery and Urapakkam, are already experiencing extensive growth due to their proximity to prominent IT firms such as Accenture, Zoho, Capgemini, and Infosys. Similarly, localities like Potheri, and Kattankulathur, which host noteworthy educational institutions and healthcare facilities such as the SRM Group of Institutions, VIT Chennai, Tagore Engineering College, B. S. Abdur Rahman Crescent Institute of Science and Technology, Narayana E Techno School, Velammal New Gen Kids, Sacred Heart School, SRM Hospital, Rela Hospital, Chettinad Hospital, Hindu Mission, Guduvanchery Medic Centre Pvt Ltd (Deepam Hospitals), and OneHealth Hospital, are witnessing a constant rise in real estate appreciation. Adding to its significance, the Tamil Nadu government has revived its eight-lane expansion project, allocating ₹12.8 crore to complete pending work on the Perungalathur flyover. This project aims to improve traffic flow and safety on one of the city’s busiest highways.

      4550 is greater than 6000! Yes, you read it right. 4550 is greater than 6000! Stumped? Please read on to find out the how and why!! One of G Square’s standout attributes is its ability to offer premium projects at competitive prices. For G Square Regal Park, plots are priced at ₹4550 per sq.ft. onwards, compared to competitors who charge approximately ₹6,000 per sq.ft. in the area. This affordability is achieved through the company’s extensive experience of over 12 years in acquiring and managing large-scale land developments. By managing and handling large parcels of land and leveraging its ability to procure prime properties, G Square consistently delivers larger, strategically located projects like Regal Park at unmatched prices. The project will feature plot sizes ranging from 550 to 4600 sq.ft., catering to diverse needs and making it ideal for homeowners and investors alike.

      Additionally, the project will include G Square’s latest addition to its real estate portfolio—apartments and villas. G Square Regal Park will feature 52 apartments ranging from 534 to 1228 sq.ft., 16 individual villas with sizes ranging from 1150 to 1163 sq.ft., and 6 twin villas ranging from 2313 to 2325 sq.ft. Apartments are priced at ₹4599 per sq.ft. against the market price of ₹5799, while villas are available at ₹5699 per sq.ft. against the market price of ₹7000. This expansion ensures a variety of housing options that cater to diverse buyer preferences, all within a premium yet affordable community.

      Additionally, Vandalur benefits from proximity to The Chennai Outer Ring Road (CORR), a transformative masterplan set to make Vandalur a thriving urban hotspot while not giving away the serene environment. CORR road provides seamless access to the Chennai Peripheral Ring Road. This key infrastructure connects Ennore and Mahabalipuram, enabling end-to-end commutes while completely bypassing city traffic. CORR offers unmatched connectivity and development opportunities, with seamless access to 4 important national highways (NH4, NH5, NH45 and NH 205) and proximity to key growth hubs like Poonamallee and Oragadam. The masterplan emphasizes sustainability through eco-sensitive development and water body conservation, ensuring a balanced approach to urbanization. For Vandalur, this means rising property values, a surge in affordable housing projects with improved amenities, and increased job opportunities driven by nearby industrial hubs. This visionary blueprint positions Vandalur as the next big destination in Chennai’s urban evolution.

      A plot in G Square Regal Park at the inaugural offer price of Rs. 4550 per sft coming with the benefits of worry-free title, security of property, excellent amenities and committed delivery would be much greater in value compared the price of about Rs. 6000 charged by Competition in this area. That is how 4550 becomes greater than 6000! Commenting on the launch, Mr. Bala Ramajeyam, Managing Director of G Square Realtors Private Limited, stated, “At G Square, we are proud to launch our latest project, G Square Regal Park, in Vandalur. This development will be a gamechanger for potential homebuyers and investors due to its strategic location just minutes away from GST Road and close to the IT hub. Its unmatched connectivity to all four sides of the city makes it unlike anything seen before. Our ability to acquire prime properties, combined with our expertise in land aggregation, allows us to deliver high-value projects such as these that blend connectivity, affordability, and immense appreciation potential and such an investment opportunity with reasonable price should not be missed.” Renowned for developing premium plotted communities within city limits, G Square continues to reshape urban living with its strategic approach to delivering projects that blend location, amenities, and affordability.

      G Square’s developments also stand out as expansive communities, unlike the smaller layouts typically offered by competitors in peripheral areas. Additionally, G Square's projects, located in prime urban areas, have consistently shown significant appreciation in value, offering guaranteed returns and making them a preferred choice for both homeowners and investors. Building on its success in the plotted development sector, G Square is now venturing into newer verticals such as apartments and villas in addition to plots, expanding its portfolio while continuing to offer unmatched quality and value in prime locations.

      With a presence across cities like Chennai, Coimbatore, Trichy, Hyderabad, Mysuru, and beyond, G Square continues to lead India’s real estate sector with over 127 completed projects. Its commitment to delivering quality developments at affordable prices, backed by a strong reputation for zero legal issues and customer trust, solidifies its position as a market leader in transforming urban landscapes. With a remarkable track record of catering to over 15,000 satisfied customers and aggregating nearly 4,000 acres of land, G Square stands as a testament to excellence in real estate development.

      What are you now waiting for? Hurry and complete the booking of your cherished Plot in G Square Regal Park, Vandalur! For more information, please reach out to: [email protected] (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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