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    September 13, 2026
    West Bengal tourist missing near Kupwara LoC amid fake Aadhaar probe
    September 13, 2026
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September 13, 2026
West Bengal tourist missing near Kupwara LoC amid fake Aadhaar probe
Show AI Summary
Identity verification concerns arose after a tourist disappeared near the border, triggering missing-person search and phone tracking.
Identity verification concerns arose after a tourist went missing from Teetwal near the Line of Control. His Aadhaar card was allegedly found to be fake after he left it and other belongings at a guest house. Local authorities registered a missing-person report and initiated a search. Cellphone tracking indicated that his phone was active elsewhere along the Jammu-Srinagar highway.
September 13, 2026
From machines to brands, Indians should control lab-grown diamond ecosystem, says Amit Shah
Show AI Summary
Lab-grown diamond ecosystem policy promotes domestic control, global branding, and incentives for rough diamond trading.
Lab-grown diamond sector development is directed toward Indian control of the full value chain, including machinery, production, jewellery, brands and overseas retail. Central and state-level policy support is contemplated to expand domestic capacity, exports and global market participation. Rough diamond trading companies operating in special notified zones are stated to receive a 15-year income-tax exemption, supporting the objective of establishing India as a rough diamond trading hub. Infrastructure, jewellery parks, stamp-duty waivers, affordable electricity, connectivity and free trade agreements are identified as supporting measures.
September 13, 2026
Eliminating non-tariff barriers, smooth payment mechanism key to boosting BRICS trade: EEPC India
Show AI Summary
Non-tariff barrier elimination and efficient national-currency payments are identified as central measures for expanding BRICS engineering trade.
BRICS trade facilitation is proposed through elimination of non-tariff barriers, adoption of mutually agreed standards, and efficient payment mechanisms in individual national currencies. EEPC India advocates a common agreement among BRICS members to simplify regulatory procedures and move discussions on non-tariff measures towards implementation. Reducing such barriers is presented as capable of increasing BRICS participation in cross-border trade and supporting engineering exports.
September 13, 2026
7 years on, insurer ordered to pay Rs 8.06 cr to Swiss firm subsidiary in fire claim dispute
Show AI Summary
Technical repudiation of fire insurance claims is unsustainable where assessed loss and compliance evidence remain undisputed.
Technical repudiation of a fire insurance claim was treated as legally unsustainable where the insurer had assessed the fire loss, did not dispute its occurrence or quantum, and relied only on alleged procedural non-compliance. Email records and virtual conferences showed repeated efforts by the insured to provide requested material. In the absence of substantive disagreement regarding the assessed fire loss or fraudulent intent, rejection solely for procedural shortcomings was characterised as an unfair trade practice and a deficiency in service.
September 13, 2026
Delhi HC to pass order on Monday on Vimal Elaichi makers’ plea seeking to quash show-cause notices against actors
Show AI Summary
Territorial jurisdiction over surrogate advertising notices is contested where regulatory directions target brand ambassadors rather than the advertiser.
Territorial jurisdiction over show-cause notices alleging surrogate advertising of Vimal Pan Masala through Vimal Elaichi endorsements is contested before the Delhi High Court. PB Agro LLP maintains that directions to provide documentation, stop the campaign and remove digital promotional material were issued only to brand ambassadors, without hearing the company. It disputes the state regulator's jurisdiction and asserts that Vimal Elaichi is distinct from pan masala. The Centre and the Central Consumer Protection Authority contend that the Bombay High Court has territorial jurisdiction.
September 12, 2026
BRICS adopts landmark declaration as PM Modi calls to replace 'pyramid of privilege' in global governance
Show AI Summary
Global governance reform prioritises representation, responsiveness and rule-making while addressing trade restrictions, conflict, terrorism and seafarer protection.
Global governance reform is pursued through a BRICS roadmap focused on representation, responsiveness and rule-making, with greater participation for the Global South. BRICS also raises concerns about tariffs, non-tariff measures, protectionism, unilateral sanctions and coercive measures that may disrupt trade, supply chains and energy security. The agenda supports dialogue and diplomacy in West Asia, zero tolerance for terrorism, and a Seafarers' Emergency Support Network to coordinate distress alerts, medical aid, family notifications and evacuations.
September 12, 2026
Following are the top foreign stories at 2030 hours
Show AI Summary
Trade sanctions and import duties shape proposed Russia measures and solar import restrictions affecting India and other trading partners.
Trade-related developments include proposed sanctions on Russia coupled with tariffs on its trading partners, including India, and final anti-dumping and countervailing duties on solar-cell and panel imports from India, Indonesia and Laos. The duties are linked to allegations of unfair government subsidies and injury to domestic industry. Cross-border cooperation also concerns repatriation of trafficked orangutans, climate security, trade, infrastructure and resumed passenger air connectivity between Guangzhou and New Delhi.
September 12, 2026
RBI rejects Tata Sons' bid to surrender NBFC licence, setting stage for mandatory listing
Show AI Summary
Upper Layer NBFC Classification Triggers Mandatory Listing After Deregistration Request Is Rejected for a Private Holding Company.
Rejection of the application to surrender Core Investment Company registration reportedly keeps Tata Sons within the NBFC framework as an Upper Layer NBFC. The classification imposes enhanced regulatory obligations, including mandatory stock-exchange listing for privately held entities. Revised norms provide for automatic Upper Layer inclusion where an NBFC meets the prescribed asset threshold. Any listing would entail regular public disclosures and greater scrutiny of finances, investments and capital allocation. Enhanced Upper Layer requirements continue for at least five years after listing, even if qualifying thresholds are later no longer met.
September 12, 2026
BRICS adopts New Delhi Declaration with consensus, skips mentioning US attack on Iran
Show AI Summary
Trade-restrictive actions and unilateral sanctions are opposed as members promote lawful commerce, diplomacy, and counterterrorism cooperation.
Trade policy commitments express concern over trade-restrictive actions inconsistent with WTO rules, including indiscriminate tariffs, unilateral tariff and non-tariff measures, and protectionism presented as environmental action. Unilateral coercive measures, including unilateral economic and secondary sanctions contrary to international law, are condemned for adverse human-rights implications, with a call for their elimination. Counterterrorism cooperation requires zero tolerance, rejection of double standards, accountability for terrorist activity and support, and compliance with international-law obligations.
September 12, 2026
RBI rejects Tatas'€™ bid to surrender NBFC licence, group will have to list on bourses: Sources
Show AI Summary
Upper-layer NBFC listing requirements apply after licence-surrender rejection, making public market listing mandatory for the holding company.
Reported rejection of Tata Sons' application to surrender its NBFC licence leaves it classified as an upper-layer NBFC and subject to mandatory public listing. The deregistration application was reportedly declined because necessary criteria were not met. The upper-layer NBFC framework identifies entities requiring compulsory listing and automatically includes NBFCs with assets above the prescribed threshold.
September 12, 2026
BRICS leaders oppose 'punitive, discriminatory’ carbon border taxes
Show AI Summary
Carbon border adjustment mechanisms are criticised as unilateral, discriminatory trade measures affecting carbon-intensive imports from developing economies.
Carbon border adjustment mechanisms are characterised as unilateral, punitive, discriminatory and protectionist measures inconsistent with international law, with concern that they may undermine developing countries' climate-change adaptation and resilience efforts. Such mechanisms impose additional import duties on carbon-intensive goods according to emissions generated in manufacture and may affect iron and steel, cement, fertiliser and aluminium exports.
September 12, 2026
RBI rejects Tata Sons' bid to surrender NBFC licence, say sources
Show AI Summary
Upper-layer NBFC listing requirements may require Tata Sons to pursue public markets after deregistration request rejection.
Reported rejection of Tata Sons' application to surrender its non-banking financial company licence is attributed to failure to satisfy applicable deregistration criteria. The company is consequently described as remaining classified as an upper-layer NBFC, a classification carrying a mandatory public-markets listing requirement. The reported position makes a listing of the holding company imminent.
September 12, 2026
US finalises levies on solar cell imports from India, Indonesia, Laos
Show AI Summary
Anti-dumping and countervailing duties on solar imports await final injury findings before duty orders or investigation termination.
United States final affirmative determinations in anti-dumping and countervailing duty investigations concerning crystalline silicon photovoltaic cells and panels imported from India, Indonesia and Laos establish dumping margins and countervailing duty rates. A final injury determination remains necessary before duty orders may be issued. An affirmative injury determination will lead to anti-dumping and countervailing duty orders based on the established rates, while a negative determination will terminate the investigations.
September 12, 2026
BRICS hits unilateral tariffs, CBAM as protectionist, demands fairer global trade rules
Show AI Summary
Multilateral trade reform challenges unilateral tariffs, carbon border measures, and sanctions while advancing equitable market access.
BRICS opposes unilateral tariff and non-tariff measures that distort trade, disrupt supply chains and widen economic disparities. It also rejects unilateral, punitive, discriminatory or protectionist carbon border adjustment mechanisms that can restrict developing countries' market access and undermine climate-adaptation and resilience efforts. BRICS supports an open, equitable and rules-based multilateral trading system, including restoration of an accessible two-tier binding dispute-settlement mechanism. Its wider agenda links trade reform with resilient supply chains, sovereign control over critical minerals, higher-value manufacturing participation, and improved finance for export-oriented small businesses.
September 12, 2026
BRICS adopts New Delhi Declaration with consensus, skips mentioning US on West Asia crisis
Show AI Summary
Consensus-based multilateral cooperation urges West Asia diplomacy, civilian protection, counterterrorism coordination, and WTO-consistent trade without unilateral restrictions.
The consensus New Delhi Declaration calls for maximum restraint in West Asia, civilian protection, and dialogue and diplomacy for lasting regional peace. It urges cooperation to maintain global trade, supply chains and energy flows under applicable international law. It also commits members to zero tolerance for terrorism, including cross-border terrorism, terrorism financing and safe havens, while rejecting double standards. Unilateral tariff and non-tariff measures, indiscriminate tariff increases, and environmental protectionism are criticised where inconsistent with WTO rules or trade-distorting.
September 12, 2026
BRICS urges IMF, World Bank reforms, hits unilateral tariffs and sanctions
Show AI Summary
Multilateral trade governance faces calls for restored binding dispute settlement, opposition to unilateral tariffs and sanctions, and financial institution reform.
BRICS supports a rules-based multilateral trading system and seeks restoration of an accessible, effective, fully functioning two-tier binding dispute-settlement mechanism, including prompt appointment of Appellate Body members. It opposes unilateral tariff and non-tariff measures, trade restrictions, and economic or secondary sanctions not authorised by the UN Security Council. It also seeks reform of International Monetary Fund and World Bank governance through greater representation, quota and shareholding realignment, and increased voting power for emerging markets and developing economies.
September 12, 2026
BRICS finance chiefs push for deeper financial cooperation; IMF, World Bank reforms
Show AI Summary
Global financial governance reform seeks greater emerging-economy representation, alongside expanded development finance, liquidity support and payment cooperation.
BRICS finance ministers and central bank governors seek reform of global financial governance to increase emerging-market and developing-economy representation in the International Monetary Fund and World Bank. The agenda includes quota realignment, transparent leadership selection and correction of developing-country underrepresentation. Cooperation also supports expanded New Development Bank financing, local-currency lending, a multilateral guarantees mechanism, and a more flexible Contingent Reserve Arrangement for liquidity support during balance-of-payments pressures.
September 12, 2026
India-China trade: A snapshot
Show AI Summary
Cross-border supply-chain dependence shapes imports of industrial inputs, while foreign investment screening remains stricter for land-border linked entities.
India-China trade reflects a widening deficit driven by imports of industrial raw materials, intermediate goods and capital goods used in manufacturing. Dependence is concentrated in electronics, machinery, computers, organic chemicals, electronic components, batteries, solar modules, active pharmaceutical ingredients and specialty chemicals. Foreign direct investment norms are relaxed for certain companies outside land-border countries where beneficial ownership from such countries remains below the specified threshold and non-controlling. Entities registered in China, Hong Kong and other land-border countries remain excluded from that relaxation.
September 12, 2026
RBI invites comments on the Draft “Reserve Bank of India (Know Your Customer) Amendment Directions, 2026”
Show AI Summary
Temporary debit holds for suspected money-mule and cyber-fraud accounts are proposed through a standardised banking procedure.
Draft Reserve Bank of India (Know Your Customer) Amendment Directions, 2026 propose a Standard Operating Procedure for banks to place temporary debit holds on amounts or accounts linked to money-mule activity and cyber-enabled financial fraud. The consolidated draft applies to commercial banks, including small finance banks, payments banks, regional rural banks and local area banks, and to urban cooperative banks. Feedback may be submitted through the Reserve Bank's Connect 2 Regulate portal or by email before final directions are issued separately.
September 11, 2026
Parbhani civic staffers suspend strike after agreement on pending salaries of two months
Show AI Summary
Municipal salary arrears and GST grant demands prompted temporary strike suspension after payment and committee assurances.
Municipal employees temporarily suspended their strike after the administration committed to pay two months' pending salaries by September 15 and arrange clearance of remaining salary arrears within 30 days. The employees had sought payment of salary arrears, increased GST grants to the civic body, and release of the outstanding difference in GST grants. A committee is to pursue the pending GST grant proposals at the government level.

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Government Sets up Investment Tracking System.

August 8, 2012

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Press Information Bureau

Government of India

Ministry of Finance

08-August-2012 18:22 IST

Government Sets up Investment Tracking System

Government has set up an Investment Tracking System Projects with an investment of Rs. 1000 crore and above. The purpose of this mechanism is to periodically monitor implementation of projects and identify systemic issues and attempt to have been resolved.

Under Investment Tracking System, National Manufacturing Competitiveness Council (NMCC) is mandated to track all Public Sector Undertaking Projects with an investment of Rs. 1000 crore and above and the Department of Financial Services, Ministry of Finance, is mandated to monitor projects with an investment of Rs. 1000 crore and above in the private sector.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena, in written reply to a question in Lok Sabha today.

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