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    AssetPlus Launches Portfolio Management Services to Help MFD Partners Grow and Retain High-Net-Worth Clients
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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 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.
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Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
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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.
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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.
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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.
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September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
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September 2, 2026
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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.
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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.
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Special focus on development of Naxal-hit Bastar in Chhattisgarh budget

March 3, 2025

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Raipur, Mar 3 (PTI) The Chhattisgarh government on Monday presented a Rs 1.65 lakh crore budget with special focus on development of Naxal-affected Bastar by giving boost to tourism, security and infrastructure.

The 2025-26 budget, presented by Finance Minister O P Choudhary, aims to establish Bastar as a new development model, prioritising the transformation of Naxal-affected areas, an official statement said.

The Chhattisgarh government plans to establish a Special Operations Group (SOG), similar to the Centre's National Security Guard (NSG), to play a crucial role in anti-Naxal operations.

Additionally, anti-narcotics task forces in 10 districts and cyber police stations in five districts will be set up.

To safeguard mineral resources, a State Industrial Security Force (SISF), modelled on Central Industrial Security Force (CISF), will be created.

The plan include a mega vision for complete eradication of Naxals, creation of 3,200 additional posts for 'Bastar Fighters', a specialised police unit established by the Chhattisgarh government to combat Maoists, the statement said.

Due to the intense operations by the security forces, the Naxal network has crumbled in Bastar with the killing of 305 extremists, surrender of 1,000 others in just 15 months, since the taking over of charge Chief Minister Vishnu Deo Sai, it said.

According to the budget, the government's revenue is projected to grow by 11 per cent without imposing any new taxes.

This year, the government has allocated Rs 26,341 crore for capital expenditure, an 18 per cent increase from the previous year. This means more roads, bridges, schools, and hospitals will be built across the state, improving lives and accelerating development.

Sai said the budget will further strengthen the foundation of a developed Chhattisgarh.

Emphasising that special attention is being given to Bastar with substantial investments in infrastructure, education, healthcare, and employment, he said, "This is a crucial step toward ensuring lasting peace and progress in Naxal-affected regions". The Chhattisgarh government said it has achieved remarkable success in dismantling the Naxal network in Bastar and 305 Naxals have been eliminated, and 1,000 have surrendered in just over a year.

Recognising the contribution of 'Bastar Fighters' in eliminating Naxalism, the budget includes provisions for 3,200 additional positions. New police stations will be established in Elmagunda and Dabbakonta, two highly affected villages.

A Rs 5 crore allocation has been made for the annual Bastar Olympics, celebrating tribal sports and traditions.

Additionally, Rs 2 crore has been earmarked for yoga camps and Rs 10 crore for biodiversity tourism zones.

Under the "Niyad Nellanar" (My Beautiful Village) initiative, Rs 25 crore has been allocated to ensure the reach of government schemes to villages.

The budget also includes Rs 2 crore for Bastar Madai and Bastar Marathon celebrations.

The Chhattisgarh government has also announced a major push for road networks, bridges, schools, and digital infrastructure across Bastar and other regions.

A Rs 221 crore fund has been allocated for infrastructure development in tribal areas. The PM Janman scheme include Rs 30 crore for school education, Rs 12 crore for tribal welfare, and Rs 300 crore for housing projects.

The state government has launched 'Chhattisgarh Anjor '“Vision 2047', an initiative outlining 10 major missions focusing on healthcare, tourism, agriculture, education, IT, and infrastructure.

These missions aim to transform Chhattisgarh into a developed state by 2047.

"The government anticipates Rs 2,804 crore additional revenue, making Chhattisgarh one of India's financially robust states. The state's total revenue is expected to be Rs 1.41 lakh crore, mainly sourced from tax collections and central government allocations. Chhattisgarh's GDP growth rate is projected at 7.51 per cent, surpassing the national average of 6.5 per cent," the statement said.

Among other highlights of the budget are relief for citizens and businesses, petrol price reduced by Rs 1 per litre by slashing the VAT.

A sum of Rs 2,000 crore has been allocated for new road projects in a single financial year under the CM Urban Development Scheme while Rs 500 crore allocated for improving city infrastructure.

The UPI payment system will be rolled out in rural panchayats and new pension fund will be created to ensure long-term financial security for employees and a three per cent increase in DA for state employees.

The state government has also introduced a Homestay Policy for Bastar and Sarguja. Now, tourists visiting these regions can stay in villages and experience the rich local culture and traditional cuisine.

Additionally, adventure tourism and a dedicated tourism circuit will be developed in Jashpur, offering visitors an exciting travel experience, the statement said. PTI ACB DV DV

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