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August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.

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88th Meeting of Network Planning Group under PM GatiShakti evaluates key Infrastructure projects

March 1, 2025

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NPG evaluates Road, Railway, Information Technology and Metro Projects

The 88th meeting of the Network Planning Group (NPG), chaired by Shri E. Srinivas, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), convened today to evaluate infrastructure projects in the Road, Railway, Information Technology and Metro sectors. The meeting focused on enhancing multimodal connectivity and logistics efficiency in alignment with the PM GatiShakti National Master Plan (PMGS NMP).

The NPG evaluated eleven projects (7- Road, 2- Railway, 1- Information Technology and 1- Metro) for their conformity to the PM GatiShakti principles of integrated multimodal infrastructure, last-mile connectivity to economic and social nodes and intermodal coordination. These initiatives are expected to boost logistical efficiency, reduce travel times, and deliver significant socio-economic benefits across regions. The evaluation and anticipated impacts of these projects are detailed below:

Ministry of Road Transport and Highways (MoRTH)

4 lane NH from Kishanganj - Bahadurganj

The 4-Lane NH from Kishanganj-Bahadurganj Road Project is a Greenfield development with alignment length of 23.649 km in Kishanganj, Bihar. The road will connect NH-27 and NH-327E, enhancing regional mobility, reducing congestion and enhance trade connectivity between Bihar and West Bengal. The project includes flyovers, major bridges, service roads and underpasses to ensure smooth vehicular movement and improved accessibility.

Greenfield Regional Expressway  from Girmapur village (on NH-65) in Sangareddy district to Choutuppal (on NH-65)

The Northern Portion of Hyderabad Regional Ring Road Expressway is a Greenfield expressway project under Bharatmala Pariyojana. It aims to develop a 158.64 km long 4-lane access-controlled expressway connecting Girmapur village (on NH-65) in Sangareddy district to Choutuppal (on NH-65) in Yadadri Bhuvanagiri district, passing through Sangareddy, Medak, Siddipet and Yadadri Bhuvanagiri districts in Telangana. It is designed to provide a high-speed corridor with grade separators, interchanges. Additionally, it will facilitate better linkages to key economic nodes, including SEZs, mega food parks, pharma hubs and textile clusters.

4 lane Access Controlled Sirhind - Sehna section

The project includes development of the four-lane access-controlled Sirhind-Sehna section of NH-205AG as part of the Mohali-Barnala Inter Corridor Route in Punjab. The project has alignment length of 106.92 km. The project is a key component of the Bharatmala Pariyojana Phase-I, providing an alternative to congested urban roadways and linking critical expressways such as the Delhi-Amritsar-Katra Expressway and the Amritsar-Jamnagar Economic Corridor.

Six Lane Connectivity to Visakhapatnam Port Road (Sabbavaram to Sheelanagar Junction)

The proposed project consists of development of a six-lane connectivity road from Sabbavaram to Sheelanagar Junction in Visakhapatnam Andhra Pradesh, under Bharatmala Pariyojana. The project with length of 12.66 km, is designed to ease congestion on NH-16 by providing a dedicated corridor for port-bound traffic, thereby reducing interference with local commuters in Visakhapatnam city. The Greenfield corridor (97%) will ensure efficient cargo evacuation and improve overall logistical operations for Visakhapatnam Port.

Jaipur Northern Ring Road

The proposed greenfield project is aligned outside the urban core of Jaipur, connecting key corridors including Ajmer Road, Agra Road and the Jaipur Bandikui Spur. This ring road will alleviate traffic congestion in the northwest region of the city by diverting heavy commercial traffic from NH-48 and NH-52. Additionally, the design incorporates major and minor bridges, toll plazas and service roads, augmenting connectivity enhancements for both residents and businesses.

Upgradation to two lane with paved shoulder from Limbdi to Dhrangadhra

The proposed project includes upgradation of the Limbdi- Dhrangadhra section of NH-51 in Gujarat to a two-lane highway with paved shoulders. This Brownfield project with Greenfield bypasses and realignments spans 62.822 km in Surendranagar district and aims to enhance connectivity between the Saurashtra and Kachchh regions. The corridor links key highways, namely Ahmedabad- Viramgam-Maliya (SH-7) and Ahmedabad-Rajkot (NH-47).

6 Lane Zirakpur Bypass including 3 level interchange at both ends

The proposed Zirakpur Bypass is a 6-lane highway project that will connect NH-7 (Zirakpur-Patiala) and NH-5 (Zirakpur-Parwanoo), spanning 19.2 km across Punjab and Haryana. The project aims to alleviate heavy congestion in Zirakpur, Panchkula and surrounding areas. The bypass will include three-level interchanges at both ends, multiple culverts, vehicular overpasses and underpasses, ensuring smooth traffic flow.

Ministry of Railways (MoR)

New BG Line from Bhagalpur to Jamalpur

The New Broad Gauge (BG) Line from Bhagalpur to Jamalpur (52.810 km) is a brownfield project. The project aims to enhance railway capacity and connectivity in Bihar's Bhagalpur and Munger districts. The project will connect Bhagalpur, Sultanganj and Jamalpur, facilitating efficient freight and passenger movement while reducing congestion on existing railway lines.

Doubling line between Aurangabad-Parbhani stations

The Proposed Doubling of the Aurangabad-Parbhani Railway Line (177.29 km) is a brownfield expansion project. The project aims to decongest the Vijayawada-Balharshah (HDN) and Secunderabad-Mumbai corridors, providing an efficient alternative for freight and passenger movement. The line runs through Aurangabad, Jalna and Parbhani districts in Maharashtra, benefiting industries, tourism and trade in the region.

Ministry of Electronics and Information Technology (MeitY)

National Knowledge Network Phase - II

The National Knowledge Network (NKN) Phase-II is an advanced high-speed network initiative by the Government of India, aimed at strengthening the backbone of national research, education and e-Governance infrastructure. The network facilitates seamless connectivity for research institutions, universities and government departments, ensuring uninterrupted access to data resources and digital platforms.

Ministry of Housing and Urban Affairs (MoHUA)

Metro Project- GIFT City to GIFT

GIFT City Metro Corridor, having length of 7.585 km and to be implemented in two phases, is designed to enhance urban mobility for the Gujarat International Finance Tec-City (GIFT) in Gujarat. This will yield significant socio-economic benefits such as reduced travel time, lower fuel consumption and a substantial drop in vehicular emissions and accidents.

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