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    CCI approves acquisition of certain equity shareholding in Bharti Life Insurance Company by Prudential Corporation Holdings
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August 18, 2026
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Competition approval for Prudential's acquisition of equity shareholding in an Indian life insurer supports the proposed insurance-sector combination.
Competition approval has been granted for Prudential Corporation Holdings Limited to acquire certain equity shareholding in Bharti Life Insurance Company Limited. The acquirer is the holding company for its group's insurance and asset-management operations in Asia and supports operations in Asia and Africa. The target is an IRDAI-licensed Indian life insurer.
August 18, 2026
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Foreign remittance certification due diligence faces nationwide verification targeting shell entities, their controllers, and certifying professionals.
Nationwide verification of suspicious outward foreign remittances targets entities with little or no reported business activity, their controllers, and professionals issuing tax determination certificates. Scrutiny concerns remittances disproportionate to reported turnover, inconsistent with stated purposes, or linked to entities not operating from declared addresses. Form 15CB, or Form 146 under the corresponding framework, requires certifying accountants to assess taxability from books of account and relevant records, supporting tax deduction at source and treaty compliance through due care, diligence and professional judgment.
August 18, 2026
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Fair Price Shop regulation introduces graded stock-shortage penalties, mandatory FIRs for major discrepancies, and restructured licensing requirements.
Fair Price Shop regulation introduces quantity-based penalties for stock discrepancies, ranging from performance-guarantee forfeiture and replenishment obligations to interim suspension, cancellation-related action and mandatory FIR registration for major shortages. Repeated or deliberate diversion or manipulation of public distribution supplies may lead to cancellation, blacklisting and FIR registration. Licensing now includes continuing regular licences and short-term temporary licences, with wider eligibility, points-based selection, card-linked performance guarantees and compulsory approved e-PoS, weighing-scale and iris-scanner use.
August 18, 2026
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Priority sector lending strengthened rural credit access through agricultural, micro-enterprise and weaker-section finance, reinforcing financial inclusion and sustainable development.
Regional Rural Banks expanded rural credit delivery while maintaining strong Priority Sector Lending performance during FY 2025-26. Almost all Regional Rural Banks met the prescribed overall priority-sector target. Agriculture and allied activities remained the largest priority-sector component, with farm credit accounting for nearly all agricultural lending. MSME finance predominantly supported micro enterprises, rural entrepreneurs, artisans and small businesses. Lending to weaker sections and finance for housing, education, renewable energy and social infrastructure promoted inclusive access to institutional credit and sustainable rural development.
August 18, 2026
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Adjustable pallet racking systems support customised, scalable warehouse storage through configurable layouts, safety assessment, installation and lifecycle support.
Adjustable pallet racking systems are configurable warehouse-storage solutions for varied inventory dimensions, weights and product types. They support bulk pallet storage, multi-level picking and high-density configurations through adjustable beams and shelves, load-bearing capacity, structural durability and space-efficient layouts. Storage configurations are customised after assessing inventory dimensions, payload requirements, available space and material-movement frequency, with support for design, installation, inspections and after-sales service.
August 18, 2026
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Domestic consumption expansion targets lower-tier markets through improved retail channels, distribution networks, employment support and household income opportunities.
China has introduced measures to strengthen domestic consumption in counties, smaller cities, townships and rural areas. The measures include upgrading township commercial centres, rural markets and local fairs; encouraging domestic and international brands to establish regional debut stores; and reusing existing land resources to improve services. They also seek better services for elderly persons and children, stronger urban-rural distribution networks, county-level employment and resident income channels. The strategy supports a shift towards household consumption amid weak domestic demand, property-sector pressures and subdued consumer sentiment.
August 18, 2026
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Currency management preserves monetary sovereignty through clean notes, secure logistics, decentralised distribution, durable banknotes, and sustainable cash-cycle operations.
Currency management supports trust in cash and monetary sovereignty through demand planning, secure production, distribution, replacement, and disposal. The Clean Note Policy requires good-quality banknotes to be available in required denominations and locations, with unfit notes continuously withdrawn and replaced. A decentralised Currency Chest network distributes fresh currency, processes returned notes, supports linked bank branches, and operates under licensing, real-time reporting, inspection, and audit requirements. Current priorities include managing uncertain cash demand, improving note durability, and reducing the carbon footprint of the cash cycle.
August 18, 2026
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Independent investigation of alleged dubious transactions requires examination of all six allegations despite prior police conclusions.
Investigation into alleged dubious transactions involving Indiabulls Housing Finance Limited and related entities must cover all six allegations identified by the Enforcement Directorate. The CBI must independently examine five allegations previously reviewed by the Delhi Police Economic Offence Wing, irrespective of its conclusion, and submit a comprehensive report. Further investigation into the sixth allegation depends on the special PMLA court deciding the CBI's pending application, after which the CBI must provide a progress or status report.
August 18, 2026
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Boss scam prevention requires independent verification of payment requests and avoidance of malicious WhatsApp attachments that enable executive impersonation.
Boss scam, or CEO impersonation fraud, uses malicious WhatsApp attachments and impersonation of regulatory officials or company executives to obtain control of WhatsApp sessions and issue fraudulent payment instructions. The alleged network supplied SIM cards, dummy SIMs, WhatsApp accounts and one-time passwords to cyber-fraud operators, illustrating a Cybercrime as a Service model. Preventive measures include avoiding suspicious ZIP, executable, library and APK files and independently verifying all financial-transfer requests.
August 18, 2026
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Floating-rate personal loan prepayment protections prohibit charges and compulsory lock-ins for qualifying individual non-business borrowers from 2026.
Prepayment charges are prohibited for part or full repayment of qualifying floating-rate loans availed by individual borrowers for non-business purposes and sanctioned or renewed on or after 1 January 2026. Compulsory lock-in periods cannot restrict prepayment of such loans. Fixed-rate personal loans may still attract prepayment or foreclosure charges under lender policy and contractual terms. Borrowers should check the loan's rate type, sanction letter, loan agreement and key fact statement, where applicable, and compare applicable charges with potential interest savings before early repayment.
August 18, 2026
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Premium Basmati rice positioning drives Zeeba's packaging refresh and ambassador-led campaign focused on quality, authenticity and domestic expansion.
Zeeba has refreshed its packaging and appointed Chef Vikas Khanna as global brand ambassador to support expansion in India. Its "Aisa Basmati Nahi Dekha" campaign positions the brand around export-quality Basmati rice, consistency, authenticity and a superior culinary experience. Promotional activity will extend across digital, retail and consumer touchpoints. The premium Basmati range is described as carefully sourced, naturally aged and processed according to global quality standards, with emphasis on grain quality, authentic taste, purity and consistency.
August 18, 2026
Show AI Summary
Silver-collateral lending creates a formal secured-credit channel for eligible borrowers, subject to regulatory requirements and lender policies.
Loans against silver collateral have been introduced following the Reserve Bank of India's Lending Against Gold and Silver Collateral Directions, 2025, enabling eligible regulated lenders to accept silver as security. The offering provides a formal and transparent credit channel against eligible silver jewellery, ornaments and approved silver coins. It is intended for individuals, proprietors and MSMEs requiring liquidity for personal, business and other legitimate financial needs, subject to lending policies and applicable regulatory requirements.
August 18, 2026
Show AI Summary
Healthcare discount membership provides instant savings on out-of-pocket care at participating premium providers without insurance claims or paperwork.
CarePass is a healthcare savings membership card providing instant point-of-billing discounts at participating premium healthcare providers across India. It covers out-of-pocket spending on hospital treatment, diagnostics, dental, vision, dermatology, hair and skin care, and IVF and maternity services, without claim processing, waiting periods or paperwork. Members present a digital CarePass at a participating provider to receive the applicable discount. Four membership tiers offer differing benefits, with higher tiers including tele-consultations and annual health checks. CarePass is a discount membership and not an insurance product.
August 18, 2026
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EXIM operations at Vizhinjam commence with container movement, supported by investor facilitation, infrastructure backing and port-led logistics development.
EXIM operations at Vizhinjam international seaport commenced with the flagging off of two containers after a successful trial export shipment. The state government proposes investor engagement, regulatory facilitation and infrastructure support to expand global export activities through the port. Mission Samudra is to operate as a port-led industrial and logistics development scheme. The deep-water port was developed under a public-private partnership model and had received commercial commissioning certification.
August 18, 2026
Show AI Summary
Money-laundering investigation under PMLA expands through searches into alleged consultancy payments linked to CMRL and Exalogic Solutions.
Money-laundering investigation under the Prevention of Money Laundering Act involves fresh searches connected with Cochin Minerals and Rutile Ltd and Exalogic Solutions. The inquiry concerns alleged fraudulent payments made under the guise of IT consultancy services and a purported money trail involving persons allegedly connected with those transactions. The action follows earlier searches and questioning in relation to the same matter.
August 18, 2026
Show AI Summary
Recruitment examination irregularities trigger money-laundering investigation into alleged bribery, paper leaks, answer-sheet tampering, and preferential veterinary officer selections.
Money-laundering investigation under the Prevention of Money Laundering Act concerns alleged irregularities in veterinary officers' final selection through a public recruitment examination. Searches covered premises linked to commission officials, alleged intermediaries, the digital evaluation entity, and selected candidates. Allegations include bribery demands, examination-paper leakage, OMR answer-sheet tampering, and facilitation of selection for relatives of commission officials.
August 18, 2026
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Export-import operations advance through operational preparedness review and planned port-led industrial and logistics development initiatives.
Operational preparedness for full land-based export-import operations at Vizhinjam Seaport was reviewed, including the Vehicle Traffic Management System. EXIM cargo operations follow a trial shipment of the port's first export container to Valencia. Mission Samudra is proposed to support port-led industrial and logistics development alongside these operations. The deep-water port was developed through a public-private partnership model and had obtained commercial commissioning certification before its dedication to the nation.
August 18, 2026
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Industrial corridor development prioritises empowered SPVs, integrated infrastructure and investor-ready parks to accelerate manufacturing investment and operations.
National Industrial Corridor Development Programme implementation prioritises timely infrastructure completion, land allotment, investment mobilisation and commencement of manufacturing. PM GatiShakti-aligned planning requires integrated connectivity, utilities and social infrastructure, while States should resolve land, clearance and SPV-power bottlenecks. BHAVYA proposes investment-ready, plug-and-play industrial parks appraised for ready land, credible demand, connectivity, utilities, realistic phasing and early investor attraction. NICDIT routes Government participation and equity support for BHAVYA project SPVs, and NICDC coordinates implementation and monitoring.
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.

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Customs, DGFT & SEZ

Data on ECB/FCCB for the month of April 2012

June 14, 2012

Contents
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 I AUTOMATIC ROUTE*

 

ECB/ FCCB

Borrower

Equivalent Amount in USD

Purpose

Maturity Period (Appx)

1

ECB

Mainetti India Pvt Ltd., 

314,193

Rupee Expenditure Loc.CG 

8 Years 1 Month

2

ECB

Velan Valves India Private Limited

4,500,000

Import of Capital Goods

6 Years

3

ECB

Pengg Usha Martin Wires Pvt.Ltd.

2,105,676

Modernisation

4 Years 8 Months

4

ECB

Noble Natural Resources India Pvt. Ltd.#

20,000,000

Rupee Expenditure Loc.CG 

9 Years

5

ECB

Shahi Exports Pvt. Ltd.

20,000,000

Modernisation

9 Years 10 Months

6

ECB

Solarfield Energy Private Limited

11,000,000

Rupee Expenditure Loc.CG 

11 Years 3 Months

7

ECB

Piaggio Vehicles Pvt. Ltd.

17,850,000

Rupee Expenditure Loc.CG 

7 Years 4 Months

8

ECB

Flometallic India Ltd.

3,750,000

New Project 

5 Years 5 Months

9

ECB

Mach Aero Components Pvt. Ltd.

1,105,480

New Project 

7 Years 10 Months

10

ECB

Bando India Private Limited

7,800,000

Modernisation

5 Years 8 Months

11

ECB

JayShree Tea & Industries Ltd. 

5,000,000

Rupee Expenditure Loc.CG 

5 Years

12

ECB

Aarvee Denims & Exports Ltd.

5,000,000

Redemption of FCCBs

5 Years

13

ECB

John Energy Ltd

6,000,000

Modernisation

5 Years

14

ECB

Jacquard Fabrics (India)Pvt. Ltd.

500,000

Modernisation

6 Years 10 Months

15

ECB

Jacquard Fabrics (India)Pvt. Ltd.

500,000

Modernisation

6 Years 10 Months

16

ECB

Indo Baijin Chemicals Pvt. Ltd.

12,500,000

New Project 

7 Years 4 Months

17

ECB

Scania Commercial Vehicles India Pvt Ltd

16,694,942

Rupee Expenditure Loc.CG 

3 Years 11 Months

18

ECB

Haworth India Private Limited

5,000,000

Rupee Expenditure Loc.CG 

4 Years 10 Months

19

ECB

BTR Packaging Pvt. Ltd.

300,000

Rupee Expenditure Loc.CG 

4 Years 9 Months

20

ECB

Nippon Steel Pipe India Pvt.Ltd.

13,000,000

Import of Capital Goods

7 Years 6 Months

21

ECB

Nippon Steel Pipe India Pvt.Ltd.

13,500,000

Import of Capital Goods

7 Years 7 Months

22

ECB

Bhushan Steel  Limited

5,033,883

Import of Capital Goods

7 Years 2 Months

23

ECB

WNS Global Services Pvt. Ltd. #

7,000,000

Import of Capital Goods

3 Years 4 Months

24

ECB

Star Cement Meghalaya  Ltd.

12,200,000

New Project 

7 Years 9 Months

25

ECB

Abdos Labtech Private Limited

2,500,000

Modernisation

5 Years

26

ECB

Nucon Industries Private Limited

329,012

Modernisation

5 Years 1 Month

27

ECB

Eurecat India Catalyst Services Private

9,254,826

New Project 

5 Years 3 Months

28

ECB

IRB Ahmedabad Vadodara Super Exp Tollway

100,000,000

Road

7 Years 1 Month

29

ECB

Everest Industries Limited

12,000,000

Modernisation

4 Years 9 Months

30

ECB

Craftsman Automation Pvt.Ltd.

6,000,000

Import of Capital Goods

5 Years

31

ECB

Gulbarga Power Pvt. Ltd.

15,792,574

Rupee Expenditure Loc.CG 

13 Years 1 Month

32

ECB

Zahoransky  Moulds & Machines Pvt.L

394,814

New Project 

6 Years 1 Month

33

ECB

JSW Steel Ltd.

63,683,746

Import of Capital Goods

11 Years 7 Months

34

ECB

JSW Steel Ltd.

63,723,140

Import of Capital Goods

11 Years 8 Months

35

ECB

JSW Steel Ltd.

50,872,587

Modernisation

6 Years 2 Months

36

ECB

Rane Engine Valve Ltd.

5,000,000

Modernisation

5 Years

37

ECB

Behr- Hella Thermocontrol India Pvt. Ltd

460,617

Rupee Expenditure Loc.CG 

3 Years 8 Months

38

ECB

Liebherr CMCtec India Pvt. Ltd.

1,316,048

New Project 

4 Years 8 Months

39

ECB

Interlink Petroleum Ltd.  # 

1,000,000

Other

4 Years

40

ECB

Claris Lifesciences Ltd.

10,000,000

Modernisation

5 Years

41

ECB

RHI Clasil Ltd.

1,316,048

Modernisation

6 Years

42

ECB

Ambattur Developers Private Limited

6,000,000

Import of Capital Goods

4 Years 10 Months

43

ECB

Jindal Aluminium Ltd.

20,000,000

New Project 

10 Years 10 Months

44

ECB

Exedy India Ltd.

1,000,000

Rupee Expenditure Loc.CG 

4 Years

45

ECB

Sadbhav Engineering Ltd.

10,000,000

New Project 

10 Years

46

ECB

Taeyang Metal India Pvt.Ltd.

4,842,984

Import of Capital Goods

5 Years 4 Months

47

ECB

Bangalore Metro Rail Corporation Limited

250,000,000

Railways

18 Years 8 Months

48

ECB

Teva API India Ltd.

48,000,000

Modernisation

13 Years 3 Months

49

ECB

NTL Logistics Plus India Pvt. Ltd.

60,000

Rupee Expenditure Loc.CG 

3 Years 5 Months

50

ECB

Posco Maharashtra Steel Pvt. Ltd.

243,069,000

Import of Capital Goods   

8 Years 1 Month

51

ECB

Posco Maharashtra Steel Pvt. Ltd.

180,000,000

Import of Capital Goods

8 Years 1 Month

52

ECB

Three Bond India Pvt. Ltd.

1,200,000

Rupee Expenditure Loc.CG 

5 Years

53

ECB

Gindre India Components Pvt. Ltd.

171,086

Rupee Expenditure Loc.CG 

6 Years

54

ECB

Kobelco Cranes India Pvt.Ltd.

2,362,742

Import of Capital Goods

7 Years 1 Month

55

ECB

Polyhose India P. Ltd.

1,511,435

Import of Capital Goods

5 Years 7 Months

56

ECB

Meneta Automotive Components Pvt Ltd.

2,105,676

Rupee Expenditure Loc.CG  

4 Years 11 Months

57

ECB

Larsen & Toubro Limited

100,000,000

Rupee Expenditure Loc.CG 

6 Years 3 Months

58

ECB

Hyundai Sealtech Manufacturing Pvt.Ltd.

1,500,000

Import of Capital Goods

5 Years

59

ECB

Allied Refractory Products India Pvt. Lt

4,000,000

New Project 

8 Years

60

ECB

FEV India Pvt. Ltd.

105,284

Rupee Expenditure Loc.CG 

3 Years 1 Month

61

ECB

Samson Maritime Ltd. 

6,750,000

Import of Capital Goods

7 Years 1 Month

62

ECB

Refu Solar Electronics Private Limited

526,419

New Project  

3 Years 5 Months

63

ECB

IAC International Automotive India P. L.

8,500,000

New Project 

7 Years 9 Months

64

ECB

The Andhra  Pradesh Paper Mills Ltd

14,000,000

Modernisation

5 Years 9 Months

65

FCCB

3i Infotech Ltd.

130,000,000

Redemption of FCCBs

5 Years

66

ECB

Lanco Industries Ltd

10,000,000

Modernisation

5 Years

67

ECB

Monnet Power Company Ltd.

25,000,000

New Project 

8 Years 1 Month

68

ECB

Sunrise Containers Ltd

2,000,000

Rupee Expenditure Loc.CG 

5 Years

69

ECB

Sekisui Dljm Molding Pvt. Ltd.

360,000

Rupee Expenditure Loc.CG 

5 Years

70

ECB

Compact India Pvt. Ltd. #

111,502

Rupee Expenditure Loc.CG 

6 Years 9 Months

71

ECB

Renault Nissan Automotive India Pvt. Ltd

13,510,358

Rupee Expenditure Loc.CG 

5 Years

 

 

Automatic Route Total

1,620,984,073

 

 

* Based on Form 83 submitted for allotment of Loan Registration Number

# Clarification sought from the company for conformity with the end-use requirement, eligibility of the borrower and other parameter of ECB

 

II APPROVAL ROUTE*

1

ECB

MTU India Pvt. Ltd.

987,036

Modernisation

5 Years  11 Months

2

ECB

Bharat Forge Limited.

40,000,000

Redemption of FCCBs

5 Years  7 Months

3

ECB

Power Grid Corpn. of India Ltd

250,000,000

Power

14 Years  11 Months

4

ECB

Dana India Technical Centre Pvt. Ltd.

25,000,000

New Project 

5 Years  11 Months

5

ECB

Go Airlines (India ) Ltd.

795,070,921

Import of Capital Goods

8 Years  3 Months

 

 

Approval Route Total

1,111,057,957

 

 

 

 

Grand Total

2,732,042,030

 

 

Topics

Acts Income Tax