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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
    Rupee falls 19 paise to close at 95.61 against US dollar
    Govt to soon announce high-level panel on 'Banking for Viksit Bharat'
    Union Minister of Finance and Corporate Affairs interacts with interns from PM Internship Scheme in New Delhi
    DRI uncovers large-scale illegal use of SAFTA agreement in areca imports
    Rupee falls 17 paise to 95.59 against US dollar in early trade
    Colombian president asks Trump to suspend tariffs to help earthquake recovery
    Mission Samudra to be launched alongside Vizhinjam’s EXIM operations
    Europe emerges top destination for India's electric car shipments in Q1
    Govt sets LPG production targets for refiners; Reliance gets largest quota
    PM urges MSMEs to tap opportunities from FTAs
    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
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    August 17, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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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      HIGHLIGHTS

      February 19, 2025

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      New Delhi, Feb 19 (PTI) Following are the top stories at 9 pm: NATION DEL71 DL-CM-LD ANNOUCEMENT

      Shalimar Bagh MLA Rekha Gupta to be new Delhi CM New Delhi: First-time MLA Rekha Gupta will be the new chief minister of Delhi, the BJP announced on Wednesday.

      DEL55 MAHAKUMBH-GANGA-UNSAFE

      Govt data: Ganga water at Sangam unsafe for bathing due to high BOD levels New Delhi: The Ganga water at the Triveni Sangam in Prayagraj, where lakhs of people are taking a holy dip every day during the ongoing Maha Kumbh, is currently unsafe for bathing as it exceeds the prescribed limit for biological oxygen demand (BOD), a key parameter to determine water quality, according to government data.

      DEL40 UP-KUMBH WATER CM

      Sangam water fit for 'snan' and 'aachman’: UP CM Adityanath in Assembly Lucknow: The water at the Sangam is fit for both bathing and ritual drinking (aachman) as confirmed by some recent reports, Uttar Pradesh Chief Minister Yogi Adityanath said Wednesday, amid claims it may contain high levels of faecal bacteria.

      DEL59 PAR PANEL-ALLAHBADIA

      Par panel seeks MEITY's response on legal measures after SC criticism of Allahbadia's comments New Delhi: Citing the Supreme Court's stern words against vulgarity in the Ranveer Allahbadia case, a parliamentary panel Wednesday asked the Ministry of Electronics and Information Technology to submit a note on the efficacy of existing laws in dealing with such cases and any amendment needed to bring online platforms under legal scrutiny.

      DEL65 UP-CM-3RDDLD-ASSEMBLY

      CM Yogi slams opposition: 'Won't tolerate disrespect to Maha Kumbh, Sanatan Dharma' Lucknow: Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday lambasted opposition parties for their critical statements on the Maha Kumbh, saying their attempts to "malign" the event with false narratives and disrespect Sanatan Dharma will not be tolerated.

      CAL17 WB-KUMBH-BJP-MAMATA

      BJP claims Mamata's 'Mrityu Kumbh' remark insult to Hindus, holds protests Kolkata: Asserting that West Bengal Chief Minister Mamata Banerjee's "Mrityu Kumbh" (Death Kumbh) remark about the ongoing 'Maha Kumbh' is an insult to Hindus, the BJP on Wednesday held protests in the state.

      DEL53 GOVT-DEPORTEES-PUNJAB

      Govt sources defend deportation flights landing in Amritsar, say Punjab's deportee share largest New Delhi: With Punjab Chief Minister Bhagwant Mann taking exceptions to US flights carrying Indian deportees landing in Amritsar, government sources Wednesday defended the move, saying the state makes up for the biggest share of these illegal immigrants.

      CAL11 OD-STUDENT DEATH-CM

      Odisha CM urges Nepalese students to return to KIIT, assures them of justice Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi on Wednesday urged Nepalese students of Kalinga Institute of Industrial Technology (KIIT) to return to the campus here and resume studies, assuring them that peace and normalcy will be restored soon.

      DEL64 ED-SRI LANKAN-CURRENCY

      ED seizes Rs 2.12-cr worth foreign currency from SL national at B'luru Airport New Delhi: The Enforcement Directorate Wednesday said it has seized foreign currency worth Rs 2.12 crore from a Sri Lankan national who was allegedly smuggling it to Colombo from the Bengaluru airport.

      DEL67 DRUGS-THAILAND RETURN-ARREST

      NCB arrests 5 people at Bengaluru airport for carrying drugs after sponsored Thailand leisure trip New Delhi: The Narcotics Control Bureau Wednesday said it has arrested five people at the Bengaluru airport for allegedly carrying high-grade cannabis during their return from a trip to Thailand fully paid by drug traffickers.

      CAL12 AS-ASSEMBLY-FOREIGNERS

      1.66 lakh illegal foreigners detected in Assam, 30,115 deported Guwahati: Nearly 1.66 lakh immigrants have been identified as "illegal" according to Assam Accord norms and just over 30,100 of them have been deported from the state, the Assembly was informed on Wednesday.

      MDS14 KA-MUDA-LD CM

      MUDA case: Lokayukta police says no evidence against CM Siddaramaiah, wife Bengaluru: The Lokayukta police probing the MUDA site allotment case on Wednesday said the charges against Chief Minister Siddaramaiah and his wife Parvathi could not be proved for want of evidence.

      DEL41 INTERVIEW-CLIMATE-LD SIMON STIELL

      India already exceeding key climate targets, can grow faster using clean energy: UN climate chief New Delhi: India is already meeting and exceeding key climate targets and has a real opportunity to grow even faster using clean energy and industry, UN climate chief Simon Stiell has said. By Gaurav Saini

      BOM28 MH-LDALL SHIV JAYANTI

      Tributes paid to Shivaji Maharaj on birth anniversary; PM says he inspires nation Pune/Raigad: Rich tributes were paid to Chhatrapati Shivaji Maharaj on his 395th birth anniversary on Wednesday with Maharashtra Chief Minister Devendra Fadnavis calling him a "management guru" and Prime Minister Narendra Modi hailing his visionary leadership that inspires the country.

      BOM27 MP-NAXAL-2NDLD ENCOUNTER

      Four Naxalites, including 3 women, gunned down by police in MP's Balaghat district Balaghat: Four Naxalites, including three women cadres, were killed on Wednesday in an encounter with the police in Madhya Pradesh's Balaghat district, an official said.

      LEGAL LGD23 SC-ARBITRATION-AWARDS-LD RESERVE

      Can courts modify arbitral awards? SC reserves verdict New Delhi: The Supreme Court on Wednesday reserved its judgement on the question whether courts could modify arbitral awards under the 1996 law on arbitration and conciliation.

      LGD20 DL-HC-PM-DEGREE

      PM degree row: Awarding degree public act under RTI, Delhi HC told New Delhi: In a hearing over Prime Minister Narendra Modi's educational records, the Delhi High Court was on Wednesday informed that awarding a degree to a student was not a private, but a public act, covered under the ambit of Right to Information (RTI).

      LGD15 SC-ELECTION COMMISSIONERS

      SC defers hearing on pleas against CEC, ECs appointments New Delhi: The Supreme Court on Wednesday adjourned the pleas against the appointments of the chief election commissioner (CEC) and election commissioners (EC) under the 2023 law.

      LGD7 DL-HC-RAILWAY-STAMPEDE

      New Delhi Railway Station stampede: Delhi HC asks railways to take note of PIL raising concerns New Delhi: The Delhi High Court on Wednesday asked the Railways to examine the fixing of maximum passengers and sale of platform tickets -- issues raised in a PIL over the recent stampede at the New Delhi Railway Station.

      BUSINESS DEL47 BIZ-GOLD-PRICE

      Gold reclaims all-time high of Rs 89,400 per 10 grams New Delhi: Gold price jumped by Rs 900 to revisit the all-time high of Rs 89,400 per 10 grams in the national capital on Wednesday amid strong global trends, according to the All India Sarafa Association.

      DEL60 BIZ-RBI-ECONOMY

      High frequency indicators point at sequential pickup in economic activity: RBI bulletin Mumbai: High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday.

      FOREIGN FGN55 PAK-AFGHAN-2NDLD REFUGEES

      Pakistan rejects allegation of 'mistreatment' of Afghan refugees Islamabad: Pakistan on Wednesday rejected the allegation of “mistreatment” of Afghan refugees while highlighting its role in hosting millions of Afghans for decades.

      FGN50 PAK-LD ATTACK

      Seven passengers killed in Pakistan's Balochistan Islamabad: Unidentified gunmen killed at least seven passengers of a bus on Wednesday after checking their identity cards in Pakistan's troubled Balochistan province, officials said.

      FGN49 NEPAL-INDIA-STUDENT-DEATH

      Nepali student’s death: Foreign Minister Deuba talks with Odisha’s education minister Kathmandu: Foreign Minister Arzu Rana Deuba has on Wednesday requested Odisha Education Minister Suryabanshi Suraj to make arrangements for impartial investigation into the death of a Nepalese student and take legal action against the culprit.

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