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    ED raids multiple locations in Kolkata in bank loan fraud case
    Commerce & Industry Minister Shri Piyush Goyal Calls Upon Auto Component Industry To Go Global
    18th Meeting of Heads of IP Offices of BRICS Countries Held in New Delhi
    India’s Sovereign Credit Rating upgraded to 'A-' with Stable Outlook by Japan Credit Rating Agency
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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.
September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
Japan Credit Rating Agency upgraded India's foreign-currency and local-currency long-term issuer ratings to A-, citing solid economic growth, strengthened growth-oriented policies and improved financial-system soundness. Improved banking asset quality, insolvency mechanisms, government capital infusion and stronger central-bank supervision support financial resilience. Fiscal quality has improved through greater infrastructure-focused capital expenditure and restraint in current spending, while a contained current-account deficit, services surplus and substantial foreign-exchange reserves support resilience to external shocks.
September 2, 2026
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Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
Foreign capital inflows and modest foreign institutional equity purchases supported rupee appreciation against the US dollar despite weak domestic equities, elevated crude oil prices and a stronger dollar. RBI monitoring and apparent currency-market intervention supported the rupee amid risk aversion, higher US Treasury yields and concerns over crude supply disruptions. Forthcoming US employment data remained relevant to dollar and rupee direction.
September 2, 2026
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Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
September 2, 2026
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Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
September 2, 2026
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GST bribery allegations led to a trap operation against officials and an intermediary in a quarrying matter.
Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
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State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
Haryana's SGST collections increased by 29 per cent during April-August of financial year 2026-27, exceeding the national growth rate of 16 per cent. August 2026 post-settlement SGST revenue rose by 21 per cent, compared with national average growth of 13 per cent. Haryana accounted for less than 4 per cent of national GST taxpayers but contributed approximately 7.7 per cent of aggregate national SGST, CGST and IGST collections. VAT/CST collections rose by 13.8 per cent during the same period.
September 2, 2026
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NBFC loan servicing governance retains lender control through deterministic decision rules, maker-checker controls, reconciled migration and optional AI assistance.
Lokta Next 100 offers RBI-registered NBFCs with loan books up to Rs 100 crore post-approval loan servicing, accounting, reporting, analytics, collections, recovery and partner-management functions, excluding pure-play microfinance NBFCs. Credit, approval and money decisions remain with the lender. Maker-checker approval applies to every change, and migration requires line-by-line reconciliation before cutover. Records remain lender-owned, hosted in India and exportable. AI may propose changes but cannot post to the ledger; deterministic lender-policy rules decide changes. Platform fees are deferred for up to 24 months, subject to stated loan-book thresholds.
September 2, 2026
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RTI access to maintained records does not require creation of Aadhaar date-of-birth update data on demand.
UIDAI did not maintain separate Aadhaar data on date-of-birth updates in Bihar following the announced social security pension enhancement, including month-wise or district-wise compilations. No internal review or flagging of unusual update patterns was available or applicable in its records. The Central Information Commission clarified that the RTI framework does not require a public authority to create, compile or generate information that it does not maintain in the form requested. The initial CPIO response treating the information as outside the RTI Act was considered inappropriate.
September 2, 2026
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Transgender arrest and detention safeguards prompt calls for a standard operating procedure and clearer procedural protections.
Legal and regulatory issues include safeguards for arrest and detention of transgender persons, consultation requirements in Bar Council policy-making, and procedural accountability in electoral administration and policing. Personal insolvency proceedings raise questions about tribunal powers to constitute an expanded bench. Hospitality operators are expected to comply strictly with food-safety and hygiene norms. Proposed restrictions on minors' social-media accounts address cyberbullying, online exploitation, and harmful screen exposure.
September 2, 2026
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Railway equipment purchase orders and export order expand IC Electricals' domestic and international business pipeline.
IC Electricals Company Limited has secured railway purchase orders for electrical and electronic supplies and an export order, creating combined order inflow across domestic railway operations and international markets. Its product portfolio includes regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, alternators, traction motors, and permanent magnet alternators with controllers. Forward-looking statements on business plans, projects, and research and development remain subject to risks and uncertainties and may differ materially from actual results.
September 2, 2026
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Double deflation explains negative manufacturing GVA deflators when input prices rise faster than output prices.
Double deflation in manufacturing separately deflates gross output and intermediate consumption, with real GVA derived from their difference. Where input prices rise faster than output prices, nominal GVA may grow more slowly than real GVA, producing a negative implicit GVA deflator despite rising output and input prices. A negative manufacturing GVA deflator therefore does not establish a fall in manufactured-product prices or lower real growth. The implicit GDP deflator is a derived ratio between current-price and constant-price GDP and differs from CPI and WPI because of their distinct coverage, weights, and price concepts.
September 2, 2026
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Data centre ease-of-doing-business reforms target reliable power, prepared land, streamlined approvals and building standards for faster infrastructure deployment.
Ease-of-doing-business reforms for India's data-centre ecosystem focus on faster and sustainable infrastructure deployment through reliable power, ready-to-use land, streamlined approvals and suitable building regulations. Proposed power measures include cluster-based transmission planning, first-day sanctioned load, dual feeders and cross-border renewable-energy procurement. Data-centre-ready land banks and power-ready parcels are intended to reduce development timelines. The National Building Code 2026 recognises data centres under Group E and contains a dedicated annex on fire-risk assessment and data-centre-specific performance indicators.

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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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