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    NBCC moves SC for RERA exemptions to complete 16 stalled Supertech projects
    DFS Hosts PSB Confluence 2026: Day 1 Deliberations focus on Four themes- Deposit Mobilisation, Banking for Youth, Supporting the Investment Cycle and ...
    Govt to soon announce high-level panel on 'Banking for Viksit Bharat': FM
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    Mission Samudra to be launched alongside Vizhinjam’s EXIM operations
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    August 17, 2026
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    RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
    RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
    August 17, 2026
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    Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
    PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
    August 17, 2026
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    Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
    Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
    August 17, 2026
    Show AI Summary
    FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
    Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
    August 17, 2026
    Show AI Summary
    Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
    High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
    August 17, 2026
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    Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
    The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
    August 17, 2026
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    SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
    SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
    August 17, 2026
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    FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
    The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
    August 16, 2026
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    Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
    Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
    August 16, 2026
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    Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
    Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
    August 16, 2026
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    Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
    India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
    August 16, 2026
    Show AI Summary
    LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
    Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
    August 16, 2026
    Show AI Summary
    Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
    Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      NextGenInnov8 Announces Publication of Case Study on Young Innovator Aditya Pachpande, Aligned with India's Push for STEM and Innovation Education

      February 18, 2025

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      PUNE, India, Feb. 18, 2025 /PRNewswire/ -- NextGenInnov8, a forward-thinking organization fostering innovation among youth, is proud to announce the publication of a comprehensive case study on its young co-founder, Aditya Pachpande. The academic work, titled 'Child Leader Standing on a Precipice: A Case Study of NextGenInnov8', highlights Aditya's extraordinary journey as a young innovator, edupreneur, and changemaker.

      Published in the Emerald Emerging Markets Case Studies (EEMCS), this study serves as an inspiration for educators, students, and policymakers, highlighting the role of experiential learning and leadership at an early age. The case study also aligns with India's National Education Policy (NEP) 2020 and the recently announced expansion of Atal Tinkering Labs (ATL) to 50,000 schools under the Union Budget 2025-26, reinforcing the importance of fostering scientific temper, problem-solving skills, and innovation-driven education.

      This case study was co-authored by Saloni Sinha, Mohammad Rishad Faridi, and Surbhi Cheema, and enriched by insights from Dr. Sandeep Pachpande, Chairman of ASM Group of Institutes and Co-Founder of NextGenInnov8. This publication was supported by the Deanship of Scientific Research at Prince Sattam Bin Abdulaziz University, Al Kharj, Kingdom of Saudi Arabia. The case study explores Aditya's achievements, ethical decision-making, and leadership framework. It provides a real-world lens to analyze child leadership in the evolving education landscape.

      A Case Study that Aligns with India's STEM and Innovation Push The Union Budget 2025-26 announced the establishment of 50,000 Atal Tinkering Labs (ATL) in schools across India, aimed at equipping students with hands-on STEM learning. In addition, five national centers for teacher training in STEM and innovation will be established with global expertise.

      Speaking on the relevance of Aditya's case study in this context, Dr. Sandeep Pachpande remarked: "The case study on Aditya is a perfect example of how young innovators can transform challenges into opportunities. With India's push for STEM education and Atal Tinkering Labs, teachers must become enablers of innovation. This case study serves as a blueprint for educators to cultivate a problem-solving mindset in students, ensuring that these tinkering labs fulfill their mission of creating future innovators and entrepreneurs." The study highlights how teacher training in innovation-driven pedagogy can play a critical role in successfully implementing initiatives like ATLs. Teachers who develop an entrepreneurial and design-thinking mindset can guide students to go beyond rote learning and actively solve real-world problems, just like Aditya did.

      Prof. Saloni Sinha, Member of UN Innovation Network and UNESCO-GEP, has been nurturing Whole Brain Leaders in academia during several cohorts of Academic Leadership Program for District Education Officers of Royal Govt of Bhutan. The senior educators and policy makers joining these cohorts since a year as participants have highly appreciated the innovative pedagogy of using the cartoon format of this thought-provoking case.

      Commemorating the 10th anniversary of the UN International Day of Women and Girls in Science on 11 February, Prof. Saloni Sinha said, "Through Aditya's case study publication, I hope to bring to the limelight many more such inspiring and successful stories from schools in India, especially of young girls—not only in STEM but also in STEAM—as there is a need to remove these gender and discipline barriers in the innovation spectrum." Aditya's Journey of Innovation and Leadership At the age of 14, Aditya Pachpande co-founded NextGenInnov8 with the vision of using technology for social impact. His notable achievement, the Suraksha Box, an ultraviolet-C (UVC) light sterilization device, was designed to protect individuals against bacteria, fungi, and viruses, including all strains of COVID-19. The innovation has achieved multiple milestones: • Prime Ministerial Recognition: Aditya received a personal commendation from Prime Minister Narendra Modi for his Suraksha Box Do-it-Yourself (DIY) Sterilization Box, which was distributed widely through NGOs, government networks, and CSR arms of corporations.

      • Patent and Government Endorsements: The Suraksha Box is published under a Government of India (MC&I) patent and has been approved, recommended, and certified by CSIR-CMERI, an ICMR-approved lab under the Government of India.

      • World Book of Records Recognition: The innovation has been recognized by the World Book of Records, London, for organizing a mass online event to assemble the maximum number of DIY UVC Kits (Suraksha Boxes) to combat the spread of viruses and bacteria, involving 1011 people.

      • Corona Warrior Title: Aditya was honored as a 'Corona Warrior' for his critical role in ensuring the availability of affordable and effective sterilization solutions during the pandemic.

      Reflecting on this journey, Aditya Pachpande stated, "Innovation has the power to change lives, and I believe age is no barrier to driving meaningful change. The Suraksha Box was not just an invention but a commitment to community well-being during a time of crisis. With the expansion of Atal Tinkering Labs, I hope that students across India will be encouraged to think like innovators, and educators will empower them to solve real-world problems with confidence." NEP 2020's Push for Case-Based Learning and How Aditya's Story Contributes The National Education Policy (NEP) 2020 envisions a holistic, inquiry-driven, and discussion-based learning approach. It emphasizes case-based pedagogy to enable critical thinking, problem-solving, and real-world application of concepts.

      The guidelines from NEP 2020 stress that students learn best through engaging, real-life examples, and case studies like Aditya's serve as a powerful tool for educators to illustrate leadership, ethics, and innovation in action.

      Co-author Surbhi Cheema commented on the case study's significance in this context: "Aditya's story provides a strong foundation for teachers to introduce case methodology in classrooms, making learning more experiential and reflective. It aligns with NEP 2020's goal of transforming education from rote memorization to problem-solving. By integrating such case studies into curricula, we can ensure students develop a mindset that values curiosity, resilience, and social responsibility." Insights from the Case Study: A Blueprint for the Future The case study, authored by Prof.Saloni Sinha, Mohammad Rishad Faridi, and Surbhi Cheema, provides a roadmap for educators and students to analyze and nurture leadership traits using The Whole Brain Leadership Framework. Key highlights include: 1. Leadership in Action – The study explores how young leaders navigate ethical dilemmas between social impact and commercialization.

      2. Sustainability and Innovation – It showcases the development and deployment of the Suraksha Box during the COVID-19 pandemic as a lesson in sustainable entrepreneurship.

      3. Challenges of Child Leadership – Insights into the institutional hurdles faced by young leaders, emphasizing the need for systemic recognition.

      4. Educational Value – A tool for postgraduate business education programs, offering lessons in innovation, leadership, and ethical decision-making.

      Co-author Mohammad Rishad Faridi added: "Innovation needs an ecosystem that encourages risk-taking and learning from failures. This case study is more than just Aditya's journey; it's a guide for schools and universities to develop future leaders. We believe that integrating this study into teacher training programs will help educators nurture student-led innovations in Atal Tinkering Labs and beyond." Access and Academic Impact The case study is available through the Emerald Emerging Markets Case Studies (EEMCS) database. Institutions with subscriptions can access it freely, and educators may use it in workshops and lectures under copyright guidelines.

      The study aims to: • Inspire Students – Showcasing real-world leadership and innovation at a young age.

      • Empower Educators – Providing a framework to nurture young talent and make case-based teaching more effective.

      • Inform Policymakers – Advocating for the recognition and support of adolescent innovators.

      About NextGenInnov8 Founded in 2019, NextGenInnov8 is dedicated to empowering young leaders through innovation-driven education. The company's key initiatives include: • Innovation Clubs – Programs designed to develop critical thinking, creativity, and problem-solving skills.

      • Training Programs – Hands-on learning in entrepreneurship, design thinking, and sustainability, offered in collaboration with global institutions like Harvard Student Agencies (HSA).

      • BrainPulses Quiz Platform – A cutting-edge platform that makes learning engaging and interactive.

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

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