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    Union minister Goyal hails 7.8 pc GDP growth; lauds Modi, takes dig at Oppn
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    India-US trade pact to be finalised once US offers preferential rate: Goyal
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September 3, 2026
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Economic growth and infrastructure investment were presented as supporting exports, skilled employment, connectivity, and long-term development.
Economic growth, export expansion and infrastructure investment are presented as interconnected drivers of India's development, global standing and employment opportunities. Infrastructure expenditure, railway expansion and improved transport connectivity are identified as measures intended to facilitate movement, simplify transportation, support trade and exports, and strengthen industrial and commercial activity. These measures are associated with the objective of a developed India by 2047 and enhanced employment, business and growth opportunities.
September 3, 2026
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Co-location and dark fibre settlement addressed allegations of preferential market-data access and speed advantages in trading.
SEBI's co-location and dark fibre matters involving NSE concerned allegations that certain stockbrokers obtained unfair preferential speed advantages to access market data and execute trades ahead of other investors. NSE pursued settlement applications covering both matters, and revised settlement terms increased the cumulative amount. Payments made by NSE together completed the agreed settlement amount.
September 3, 2026
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Preferential tariff treatment remains the condition for finalising the bilateral trade agreement and improving Indian export competitiveness.
Finalisation of the India-US Bilateral Trade Agreement is contingent on the United States extending preferential tariff treatment to India relative to competing supplier countries. Further negotiations are required following changes in the United States tariff environment. A comparative tariff advantage is intended to improve the price competitiveness of Indian goods in the United States market, particularly against competitors benefiting from lower duties under least-developed-country preferences or trade agreements.
September 3, 2026
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MSME secured lending equity capital, subject to regulatory approval, supports expansion without management-control change in operations.
Business Nextgen Finance Private Limited, a non-deposit taking non-banking financial company registered with the Reserve Bank of India, has raised Rs 215 crore in equity capital to expand secured credit for micro, small and medium enterprises. The transaction received prior Reserve Bank of India approval. The capital base will support secured lending scale-up, geographic expansion, technology investment and wider access to formal credit in underserved markets. The investment does not involve a change in management or day-to-day control.
September 3, 2026
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Money-laundering probes into narcotics trafficking rely on predicate police and narcotics cases and examine cross-border linkages.
Money-laundering investigation under the Prevention of Money Laundering Act involves coordinated searches in connection with multiple narcotics-trafficking matters. The investigation is founded on police and Narcotics Control Bureau FIRs and linked chargesheets concerning separate drug-trafficking allegations, including alleged trafficking in methamphetamine, marijuana and MDMA with suspected cross-border linkages.
September 3, 2026
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Conversational AI account management enables businesses to access payment information, settlement support, refunds, and payment links through WhatsApp.
RAY is a conversational AI account manager on WhatsApp that enables businesses to access payment information, support, and operational actions through messages or voice notes. It can provide payment summaries, analyse payment activity, monitor settlement status, generate payment links, and issue refunds. The AI assistant is designed to proactively identify payment-health issues, flag settlement events, recommend actions, and use merchant-specific context to support payment management without dashboard navigation.
September 3, 2026
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Portfolio management services distribution enables certified mutual fund distributors to digitally onboard and report for eligible high-net-worth clients through AssetPlus.
AssetPlus has launched Portfolio Management Services for certified Mutual Fund Distributor partners to digitally onboard, track, manage and report PMS investments for eligible high-net-worth clients. PMS distribution requires NISM Series-XXI-A certification and operates within the APRN distributor-registration framework. PMS comprises individually managed portfolios run by SEBI-registered Portfolio Managers and held in clients' demat accounts. The minimum investment is Rs. 50 lakh, and offerings are governed by the SEBI (Portfolio Managers) Regulations, 2020. The platform provides daily reconciliation of holdings, performance and valuations.
September 3, 2026
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NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.
September 3, 2026
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Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
VR LIVIN Ventures LLP launched 'THE FIRST', an 83-villa gated residential community in Madhavaram, North Chennai, which recorded sales of 20 villas during its first two launch days. The development includes smart-home villas and more than 50 lifestyle amenities, with access to nearby metro connectivity and social infrastructure. It forms part of the company's intended expansion of residential projects in Chennai and other South Indian locations.
September 3, 2026
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GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
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Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
September 3, 2026
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Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.
September 3, 2026
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Money laundering investigation examines alleged diversion of bank loans from a power project to group entities and personal use.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
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Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
September 3, 2026
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Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
September 3, 2026
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Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
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Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
September 3, 2026
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Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
GIFT-IFSC's IBUs mobilised foreign-currency liquidity under the RBI's FCNR(B) deposit swap facility, with 20 IBUs sanctioning USD 54.02 billion and disbursing approximately USD 52.82 billion as at 31 August 2026. Between April and August 2026, IBUs disbursed USD 11.62 billion in External Commercial Borrowings, while Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges. These activities support cross-border financing, international capital-market access and foreign-exchange inflows.
September 3, 2026
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Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
Operational leadership for bilateral economic engagement is strengthened through the appointment of Shuchita Sonalika as the first Chief Operating Officer of the Canada-India Business Council. The appointment is directed toward enhancing the council's capacity to support expanding investment and economic relations between Canada and India, in coordination with its board, members and partners. Sonalika brings international affairs experience in advancing India's economic partnerships across global markets.
September 3, 2026
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Regulatory certainty and compliance reforms support investment facilitation, infrastructure development, MSME credit access, and reduction of bank non-performing assets.
Regulatory certainty, ease of compliance and investment facilitation are identified as central elements of India's economic reform orientation. The Insolvency and Bankruptcy Code is included among reforms supporting regulatory certainty, reduced paperwork and easier compliance. Policy priorities include infrastructure development, artificial intelligence and data centres, credit access for MSMEs, reduction of banks' non-performing assets, fiscal discipline, and investment facilitation by central and state governments.

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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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