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    Central Bureau of Narcotics (CBN) and PHARMEXCIL Sign Memorandum of Understanding to Boost Legitimate Pharmaceutical Exports and Strengthen Regulatory...
    RBI's USD-INR Swap Facility Sparks Unprecedented Forex Inflows into India, Banks Raise USD 73 Billion in eleven weeks
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August 25, 2026
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Voluntary pharmaceutical export compliance framework promotes legitimate trade while safeguarding controlled substances through information sharing and coordinated capacity building.
The Memorandum of Understanding creates a cooperative framework for legitimate pharmaceutical exports and safeguards against diversion of narcotic drugs, psychotropic substances and controlled precursors. A voluntary, non-binding code of conduct will recommend industry practices without imposing obligations beyond applicable law. Cooperation includes identifying export bottlenecks, streamlining procedures for compliant exporters, capacity-building programmes, lawful and confidential information sharing, and nomination of company contact persons to coordinate voluntary compliance measures.
August 25, 2026
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USD-INR forex swap facility accelerates foreign-currency mobilisation through non-resident deposits and institutional borrowing, strengthening India's external buffers.
USD-INR forex swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings enabled banks to access foreign-currency funding through a special swap window. FCNR(B) deposits formed the principal component of the reported foreign-exchange inflows, reflecting participation by non-resident Indians. The FCNR(B) window was scheduled for early closure after the stated mobilisation objective was achieved ahead of schedule, and the inflows were presented as strengthening external buffers through long-term non-resident deposits and institutional funding.
August 25, 2026
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Foreign-exchange intervention moderated rupee depreciation as crude prices, importer dollar demand and geopolitical uncertainty sustained currency-market pressure.
Foreign-exchange conditions reflected a marginal weakening of the rupee against the US dollar, influenced by elevated crude-oil prices, importer demand for dollars, weaker Asian equities and geopolitical uncertainty. The currency remained within a narrow trading band, with RBI dollar sales described as moderating sharper depreciation. The RBI's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised substantial foreign-exchange inflows, indicating support from non-resident Indian participants.
August 24, 2026
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Prior government sanction for public servants is contested as essential before money-laundering proceedings may validly proceed for official-duty acts.
Prior prosecution sanction is asserted to be a jurisdictional precondition for money-laundering proceedings against a public servant for acts connected with official duty. A former police officer challenges cognizance and process for want of sanction under the criminal procedure framework and the Maharashtra Police Act, relying on sanctions subsequently granted for co-accused public servants. The allegations concern collection of funds through the officer and their alleged laundering through an educational trust.
August 24, 2026
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Rupee exchange-rate movement gained marginal support from foreign equity inflows despite crude oil, importer demand and geopolitical pressures.
Rupee exchange-rate movement against the US dollar reflected a marginal appreciation, supported by foreign fund inflows into domestic equities. Trading remained within a narrow range amid pressures from higher crude oil prices, continuing importer demand, and geopolitical concerns. Market conditions also included a stronger dollar index, lower Brent crude futures, domestic equity declines, and net foreign institutional investment. Elevated oil prices and geopolitical uncertainty indicated a slight negative bias, while possible US dollar weakness could support the rupee.
August 24, 2026
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Retaliatory trade measures may target electricity, critical minerals and integrated automotive supply chains amid escalating cross-border tariff disputes.
Canada-United States trade relations involve escalating tariffs and contemplated reciprocal restrictions affecting goods, automotive production, electricity exports and critical-mineral supplies. Potential Canadian countermeasures include limiting or increasing the price of Ontario electricity exports and restricting supplies of critical minerals, with oil and potash also identified as possible leverage. The automotive sector faces particular exposure because Ontario production and supply chains are integrated with United States manufacturing. Negotiations also raised concern over limits on Canada's ability to conclude trade agreements with other countries without United States approval.
August 24, 2026
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Mandatory biometric updates for students support continued Aadhaar authentication and access to education, scholarship and benefit-related services.
Mandatory Biometric Update camps have been launched in schools across Tamulpur district, Assam, for eligible students aged 5 to 17 years to update Aadhaar biometrics. Aadhaar biometrics require updating on attaining five years of age and again on attaining fifteen years. Timely updating supports continued Aadhaar authentication and helps avoid difficulties in accessing services where authentication is applicable, including school admissions, entrance-examination registration, scholarships and Direct Benefit Transfer schemes.
August 24, 2026
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Electricity tariff affordability requires immediate review, withdrawal of higher consumer charges, and relief measures for economically weaker households.
Electricity tariff increase in Jammu and Kashmir has been opposed as imposing an unjustified and unaffordable financial burden on domestic consumers amid rising household costs. Immediate review and withdrawal of the increase are sought, together with measures to reduce electricity costs for domestic consumers, particularly economically weaker sections, and ensure affordable, reliable power supply.
August 24, 2026
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Wheat export liberalisation replaces prohibitions to support farm prices while domestic stocks are expected to protect consumer supply.
Wheat and wheat-product exports are liberalised with immediate effect by revising their export policy from prohibited to free. The change covers wheat, wheat flour, maida, semolina and wholemeal atta, replacing the earlier export-ban framework and simplifying exports previously permitted through licences. The measure aims to support farmers amid depressed domestic prices, while adequate domestic availability and buffer stocks are expected to meet demand and moderate consumer prices.
August 24, 2026
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Food safety compliance failures trigger licence suspensions for deficient hygiene, storage, refrigeration, sanitation and valid licensing practices.
Food safety enforcement measures resulted in suspension of food licences or registrations where establishments failed hygiene, food handling, storage, refrigeration, sanitation and licensing requirements. Deficiencies included unsafe temperature control, unclean refrigeration equipment, improper food storage and thawing, inadequate sanitisation, deteriorated or expired materials, deficient oil-quality checks, artificial colouring, pest infestation, cross-contamination risks and inadequate drainage. One outlet was also found to be operating under the name of an establishment without a valid food licence, resulting in suspension of its registration certificate.
August 24, 2026
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Central Board Governance expands through appointments of part-time non-official directors for defined terms, alongside central bank and government representatives.
Appointments to the Reserve Bank of India's Central Board expand its part-time, non-official director membership. Syed Akbaruddin, Annie George Mathew and Janmejaya Kumar Sinha have been appointed for four years from 24 August 2026, or until further orders, whichever occurs earlier. The Central Board also includes the Governor, deputy governors, the economic affairs secretary and the financial services secretary.
August 24, 2026
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Electricity tariff adjustment is linked to inflation and transmission losses, while free household units remain separately implemented.
Electricity tariff increase of 6.83 per cent after four years is presented as necessary in light of inflation and rising costs. Reducing transmission and distribution losses is identified as a means of limiting future tariff increases. Provision of 200 units of free electricity for poor and needy households through solar panels under the Muft Bijli Yojana is treated as distinct from tariff revisions.
August 24, 2026
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Sugar supply management measures target speculative stockpiling through imports, stockholding limits and earlier crushing to moderate prices.
Sugar supply is characterised as adequate, and higher prices are attributed principally to speculative buying and advance stockpiling, alongside lower output, seasonal demand and global price pressures rather than an actual shortage. Duty-free raw sugar imports and stockholding limits are intended to augment availability, curb speculative accumulation and stabilise market sentiment. Imports, existing stocks, special crushing and an earlier crushing season are expected to moderate prices and improve festive-period supply. Ethanol diversion is not identified as a cause of the price movement.
August 24, 2026
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Wheat export policy shifts to free trade, lifting restrictions on wheat flour, maida, semolina and wholemeal atta exports.
Wheat export policy has been revised from prohibited to free with immediate effect, lifting the export ban on wheat and related wheat products. The liberalised export treatment extends to wheat flour, maida, semolina and wholemeal atta. The restriction had been imposed to address rising domestic prices, and its removal is expected to improve international wheat availability.
August 24, 2026
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Bogus input tax credit fraud investigation examines fabricated invoices, circular transactions, layered funds and alleged proceeds of crime.
Investigation into alleged bogus input tax credit fraud involved searches under the anti-money-laundering framework. The alleged scheme involved fabricated invoices and e-way bills without actual movement of goods, circular transactions, layered funds, cash withdrawals and bogus or non-existent entities. GST authorities identified fraudulent availment of input tax credit causing wrongful loss to the government exchequer. The investigation focused on tracing alleged proceeds of crime, identifying beneficiaries, and securing documentary and digital evidence.
August 24, 2026
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Sugar crystallization process integration combines evaporator upgrades, continuous boiling, heat recovery and automation for efficient plantation white sugar production.
Sugar manufacturing process integration is proposed through strengthening an existing evaporator station and adding a sugar crystallization section to convert syrup production into plantation white sugar production. The scope covers design, engineering, equipment supply, erection and commissioning of condensate heaters, falling film evaporators, heat-recovery systems, continuous pans, vacuum systems and crystallizers. Continuous massecuite boiling will use chamber-specific control, while evaporator recirculation and online chemical-cleaning provisions support process control and low-grade vapour utilisation.
August 24, 2026
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Competitive examination preparation supports career pathways in civil services, public employment, management, defence, research and international higher education.
Career-development and competitive-examination preparation is offered alongside academic programmes for civil services, government and public-sector employment, banking, engineering higher education, management, defence, teaching, research and overseas education. UPSC, SSC-CGL, Bank PO, GATE, CAT, CDS, UGC-NET, GRE, GMAT and IELTS preparation includes courses, workshops, mentorship, expert guidance and examination-specific resources. Access to examinations, admissions and career opportunities remains subject to applicable eligibility, selection and institutional criteria.
August 24, 2026
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Corporate governance professionals gain expanded training infrastructure as Hyderabad's new Chapter Office supports Company Secretaries and students.
Institute of Company Secretaries of India has inaugurated a Chapter Office in Hyderabad to expand infrastructure for professional education, training, examinations, meetings, capacity-building programmes and stakeholder engagement. The facility is intended to support Company Secretaries and students and enable wider professional and educational activities. Company Secretaries are identified as corporate governance professionals, with expanding regulatory requirements and the formalisation and listing of micro, small and medium enterprises creating potential demand for qualified professionals.
August 24, 2026
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Diversified pharmaceutical growth combines branded portfolio expansion, contract manufacturing, merchant exports, and regulatory registrations for international market development.
Curis Lifesciences Limited plans a diversified pharmaceutical strategy spanning domestic branded products, contract manufacturing and international market development. Its majority acquisition of Uninova Lifesciences is intended to strengthen own-brand marketing, distribution and portfolio expansion, including injectable products through third-party manufacturing. International initiatives include merchant exports in Kenya and a Nigerian joint venture pursuing own-brand regulatory registrations alongside contract-manufacturing and export opportunities. Commercial development in Nigeria remains contingent on relevant licences and purchase orders, while projections are subject to regulatory, market and other business factors.
August 24, 2026
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Insolvency framework reform prioritises efficient resolution, value maximisation, stakeholder coordination, institutional strengthening and technology-enabled asset recovery.
Insolvency and Bankruptcy Code, 2016, entered its tenth year amid deliberations on legislative amendments, resolution timelines, stakeholder interests and value maximisation. Key areas included resolution plans and tax implications, liquidation processes, recent judicial developments, stakeholder coordination, and the roles of insolvency professionals, regulators, banking institutions and adjudicatory processes. Technological innovation, including artificial intelligence for asset tracing and recovery, alongside regulatory strengthening, capacity building and stakeholder collaboration, was emphasised for the future development of the insolvency ecosystem.

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21 bills passed by the Parliament during Budget Session- 2012 Pawan Kumar Bansal says Government very keen on Passing of the Lokpal Bill

May 23, 2012

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Press Information Bureau

Government of India

Ministry of Parliamentary Affairs

23-May-2012 19:13 IST

The Union Minister of Parliamentary Affairs & Water Resources Shri Pawan Kumar Bansal said that the government is very keen on passing of the Lokpal Bill the earliest possible. He was addressing a Press Conference on the conclusion of the Budget Session- 2012 in New Delhi today. The Budget Session of the Parliament which commenced on 12th March 2012 has been adjourned sine die on 22nd May 2012.

During the Budget Session, 21 Government Bills were introduced in Lok Sabha and 5 Bills were introduced in the Rajya Sabha. In all, 21 Bills were passed by Lok Sabha as well as the Rajya Sabha, which included one Ordinance replacing Bill. Some of the important Bills passed were the Judicial Standards and Accountability Bill, 2012; the Indian Medical Council (Amendment) Bill, 2012; the Right of Children to free and Compulsory Education (Amendment) Bill, 2012; the North-Eastern Areas (Reorganisation) and Other Related Laws (Amendment) Bill, 2012; the Constitution (Scheduled Tribes) Order (Second Amendment) Bill, 2012; the Central Educational Institutions (Reservation in Admission) Amendment Bill, 2012; the Rajiv Gandhi National Institute of Youth Development Bill, 2012; the Copyright (Amendment) Bill, 2012; the Anand Marriage (Amendment) Bill, 2012; and the Protection of Children from Sexual Offences Bill, 2012.

During the Session, 34 sittings of both the Houses of Parliament were held. Of these, 14 sittings were held in the first part and 20 sittings were held in the second part of the Session.

The first part of this Budget Session commenced on 12 March, 2012 with the Address by the President to the members of both the Houses assembled together in Central Hall. Both the Houses were in recess from 31st March, 2012 to 23rd April 2012 to enable the Standing Committees to examine the Demands for Grants of various Ministries/Departments and submit their Reports thereon. The second part of the Budget Session commenced on 24 April, 2012, after the recess.

Both the Houses discussed the Motion of Thanks on the President’s Address, a copy of which was laid on the Table of the House on 12 March, 2012. Motion of Thanks on the President’s Address was adopted in the Lok Sabha on 19 March, 2012. In Rajya Sabha also it was discussed and adopted after a debate during the first part of the session.

The session was mainly devoted to transaction of the financial business. The Budget (Railways) and Budget (General) for the year 2012-13, were presented on 14th and 16th March, 2012 respectively.

After a combined discussion on the Budget (Railways) for 2012-13, Demands for Grants on Account (Railways) for 2012-13, Supplementary Demands for Grants (Railways) for 2011-12 and Demands for Excess Grants (Railways) for 2009-10, the Demands were voted and the related Appropriation Bills were passed by the Lok Sabha. The Demands for Grants (Railways) for 2012-13 were discussed in the 2nd half of the session on 25th and 26th April, 2012. The demands were voted in full and the related Appropriation Bill was passed by the Lok Sabha and returned by the Rajya Sabha.

The two Houses also held a combined discussion on the Budget (General) for 2012-13, Demands for Grants on Account (General) for 2012-13, the Supplementary Demands for Grants (General) for 2011-12 and Demands for Excess Grants (General) for 2009-10. The Demands were voted and the related Appropriation Bills were passed by the Lok Sabha and later returned by the Rajya Sabha.

During the second part of the session in the Lok Sabha, the Demands for Grants for 2012-2013, in respect of the Ministries of Health and Family Welfare, Urban Development, Home Affairs and Commerce and Industry, were discussed before being voted in full. All the other outstanding Demands for Grants in respect of Budget (General) for 2012-2013 of the remaining Ministries were submitted to the vote of the Lok Sabha on 3rd May, 2012 and voted in full and the related Appropriation Bill was passed and subsequently returned by the Rajya Sabha. During this period, the Rajya Sabha discussed the working of Ministries of (i) Labour and Employment (ii) Coal and (iii) Defence.

The Lok Sabha also discussed the Finance Bill, 2012 on 7 and 8 May, 2012. The two houses considered the Finance Bill, 2012 before it was passed/ returned.

The Lok Sabha had debates on matters of Public Importance under Rule 193 on (i) the situation arising out of widespread discontentment among the working class due to faulty Government policies; (ii) need to bring comprehensive policy changes in the Civil Aviation sector due to large scale mismanagement in the affairs of national carrier, i.e., Air India and also some other private carriers and need to look into the problems being faced by the workforce engaged in the civil aviation sector; (iii) steps taken by the Government to protect the river Ganga from pollution and the Himalayas from ruthless exploitation. The Ministers concerned replied to the debates. Two discussions on situation arising out of faulty policy for procurement of food grains and inadequate facilities for their storage and Centre-State relations remained part-discussed. In the Rajya Sabha three short duration discussions were held under Rule 176.

During the session, five important matters were raised by way of Calling Attention, namely the (i) situation arising out of incident of child separation of an Indian couple by the Norway authorities; (ii) need to include Bhojpuri language in the Eighth Schedule to the Constitution; (iii) situation arising out of non-implementation of wage revision of Industrial Development Bank of India employees; (iv) situation arising out of severe drought in Karnataka; and (v) situation arising out of shortage of Drinking Water in the Country, particularly in Jhunjunu and Churu Districts of Rajasthan. In response to the two Calling Attentions, the Ministers concerned made a statement each and also replied to the clarifications sought by the members. As many as 56 statements were made by the Ministers on various other important subjects, including five statements by the Minister of Parliamentary Affairs on Government Business.

Members of both the Houses of Parliament had a Special Sitting on Sunday, the 13 May, 2012 to commemorate the 60th Anniversary of the First Sitting of Parliament of India. The Houses discussed the topic “Sixty years Journey of the Indian Parliament”. A resolution was unanimously passed by both the Houses at the conclusion of the discussion solemnly reaffirming total and binding commitment of the Parliament to the ideals cherished by the founding fathers of the Constitution.

YSK

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