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    Sugar ex-mill prices down 18 pc to Rs 55/kg after import move, curbs on hoarding: Food secretary
    SBI eyes USD 10 bln from NRIs, foreign investors ahead of RBI swap window closure
    Industrial power tariff hike: WBSEDCL says proposed rise capped to DVC area, rates still competitive
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August 25, 2026
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Sugar import authorisation and anti-hoarding controls aim to moderate ex-mill prices amid adequate domestic stocks.
Raw sugar imports were permitted, while stock limits were imposed on bulk consumers. States were directed to strengthen inspections, and nationwide flying squads were deployed to identify hoarding and speculative conduct. These measures target sugar availability and distribution across wholesale and retail channels. Ex-mill prices declined following the measures, although wholesale and retail prices had not yet reflected the reduction.
August 25, 2026
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Foreign-currency swap window closure focuses non-resident deposit mobilisation, while ECB hedging support continues for public-sector borrowers.
RBI's concessional Foreign Currency Non-Resident Bank deposit swap window closes on August 31, replacing the previous September 30 cut-off. Separately, the special US dollar-rupee foreign-exchange swap window remains available until December 31, 2026, providing concessional currency-hedging support to public sector undertakings raising external commercial borrowings. SBI expects to mobilise predominantly through deposits from non-resident Indians and foreign investors, with external commercial borrowings also visible.
August 25, 2026
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Industrial power tariff revision applies only within the shared distribution area, while steel producers seek rollback and fuel supply support.
Industrial electricity tariff revision is proposed from 1 September for 33 KV and 11 KV consumers within the Damodar Valley Corporation command area. The increase is confined to the shared distribution-licence area, while a separate and higher tariff structure applies outside it. Steel and sponge-iron industry associations oppose the revision on the basis that it will raise energy costs and affect investment conditions. They seek withdrawal of the increase and request continuing supplies of high-grade coal and iron ore for sponge-iron production.
August 25, 2026
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Institutional capital facilitation prioritises repatriation, market access, regulatory predictability, and cross-border partnerships supporting technology-led long-term investment.
India-Japan investment engagement focuses on increasing long-term Japanese institutional capital flows through an enabling business environment, intellectual property protection, policy reforms and integration with global value chains. Facilitation measures include simpler profit repatriation processes, improved access to Indian capital markets, greater regulatory predictability and a seamless cross-border investment environment. GIFT City is explored as a gateway for international capital and Japan-India investment flows.
August 25, 2026
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Strategic investment partnership prioritises semiconductor manufacturing, resilient supply chains and advanced industrial collaboration between Indian and Japanese businesses.
India-Japan economic cooperation is directed toward deeper trade, investment, technology and business-to-business linkages, including economic security, supply-chain resilience, clean energy and innovation. Collaboration is focused on capital goods, machinery, automotive and advanced manufacturing, with stronger connections between Japanese enterprises and India's Tier-II and Tier-III suppliers, including Micro, Small and Medium Enterprises. Semiconductor manufacturing is identified as a significant investment area. The India-Japan Special Strategic and Global Partnership supports expanded engagement with manufacturing ecosystems, global value chains and resilient supply chains.
August 25, 2026
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Bilateral trade and investment cooperation advances through customs alignment, digital payment integration, market access discussions and investment treaty completion.
India-Cambodia trade and investment cooperation addressed trade diversification, market access, customs alignment, digital payments and investment facilitation. Discussions covered traditional medicine, e-governance, recognition of the Indian pharmacopeia, trade statistics, agricultural cooperation, banking and insurance. The parties agreed on an MoU on Customs Cooperation to promote uniform customs procedures and considered early completion and signature of the Bilateral Investment Treaty. UPI-KHQR payment integration, investment promotion, priority-sector cooperation and a private-sector feedback mechanism were also discussed.
August 25, 2026
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Voluntary pharmaceutical export compliance framework promotes legitimate trade while safeguarding controlled substances through information sharing and coordinated capacity building.
The Memorandum of Understanding creates a cooperative framework for legitimate pharmaceutical exports and safeguards against diversion of narcotic drugs, psychotropic substances and controlled precursors. A voluntary, non-binding code of conduct will recommend industry practices without imposing obligations beyond applicable law. Cooperation includes identifying export bottlenecks, streamlining procedures for compliant exporters, capacity-building programmes, lawful and confidential information sharing, and nomination of company contact persons to coordinate voluntary compliance measures.
August 25, 2026
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USD-INR forex swap facility accelerates foreign-currency mobilisation through non-resident deposits and institutional borrowing, strengthening India's external buffers.
USD-INR forex swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings enabled banks to access foreign-currency funding through a special swap window. FCNR(B) deposits formed the principal component of the reported foreign-exchange inflows, reflecting participation by non-resident Indians. The FCNR(B) window was scheduled for early closure after the stated mobilisation objective was achieved ahead of schedule, and the inflows were presented as strengthening external buffers through long-term non-resident deposits and institutional funding.
August 25, 2026
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Foreign-exchange intervention moderated rupee depreciation as crude prices, importer dollar demand and geopolitical uncertainty sustained currency-market pressure.
Foreign-exchange conditions reflected a marginal weakening of the rupee against the US dollar, influenced by elevated crude-oil prices, importer demand for dollars, weaker Asian equities and geopolitical uncertainty. The currency remained within a narrow trading band, with RBI dollar sales described as moderating sharper depreciation. The RBI's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised substantial foreign-exchange inflows, indicating support from non-resident Indian participants.
August 24, 2026
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Prior government sanction for public servants is contested as essential before money-laundering proceedings may validly proceed for official-duty acts.
Prior prosecution sanction is asserted to be a jurisdictional precondition for money-laundering proceedings against a public servant for acts connected with official duty. A former police officer challenges cognizance and process for want of sanction under the criminal procedure framework and the Maharashtra Police Act, relying on sanctions subsequently granted for co-accused public servants. The allegations concern collection of funds through the officer and their alleged laundering through an educational trust.
August 24, 2026
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Rupee exchange-rate movement gained marginal support from foreign equity inflows despite crude oil, importer demand and geopolitical pressures.
Rupee exchange-rate movement against the US dollar reflected a marginal appreciation, supported by foreign fund inflows into domestic equities. Trading remained within a narrow range amid pressures from higher crude oil prices, continuing importer demand, and geopolitical concerns. Market conditions also included a stronger dollar index, lower Brent crude futures, domestic equity declines, and net foreign institutional investment. Elevated oil prices and geopolitical uncertainty indicated a slight negative bias, while possible US dollar weakness could support the rupee.
August 24, 2026
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Retaliatory trade measures may target electricity, critical minerals and integrated automotive supply chains amid escalating cross-border tariff disputes.
Canada-United States trade relations involve escalating tariffs and contemplated reciprocal restrictions affecting goods, automotive production, electricity exports and critical-mineral supplies. Potential Canadian countermeasures include limiting or increasing the price of Ontario electricity exports and restricting supplies of critical minerals, with oil and potash also identified as possible leverage. The automotive sector faces particular exposure because Ontario production and supply chains are integrated with United States manufacturing. Negotiations also raised concern over limits on Canada's ability to conclude trade agreements with other countries without United States approval.
August 24, 2026
Show AI Summary
Mandatory biometric updates for students support continued Aadhaar authentication and access to education, scholarship and benefit-related services.
Mandatory Biometric Update camps have been launched in schools across Tamulpur district, Assam, for eligible students aged 5 to 17 years to update Aadhaar biometrics. Aadhaar biometrics require updating on attaining five years of age and again on attaining fifteen years. Timely updating supports continued Aadhaar authentication and helps avoid difficulties in accessing services where authentication is applicable, including school admissions, entrance-examination registration, scholarships and Direct Benefit Transfer schemes.
August 24, 2026
Show AI Summary
Electricity tariff affordability requires immediate review, withdrawal of higher consumer charges, and relief measures for economically weaker households.
Electricity tariff increase in Jammu and Kashmir has been opposed as imposing an unjustified and unaffordable financial burden on domestic consumers amid rising household costs. Immediate review and withdrawal of the increase are sought, together with measures to reduce electricity costs for domestic consumers, particularly economically weaker sections, and ensure affordable, reliable power supply.
August 24, 2026
Show AI Summary
Wheat export liberalisation replaces prohibitions to support farm prices while domestic stocks are expected to protect consumer supply.
Wheat and wheat-product exports are liberalised with immediate effect by revising their export policy from prohibited to free. The change covers wheat, wheat flour, maida, semolina and wholemeal atta, replacing the earlier export-ban framework and simplifying exports previously permitted through licences. The measure aims to support farmers amid depressed domestic prices, while adequate domestic availability and buffer stocks are expected to meet demand and moderate consumer prices.
August 24, 2026
Show AI Summary
Food safety compliance failures trigger licence suspensions for deficient hygiene, storage, refrigeration, sanitation and valid licensing practices.
Food safety enforcement measures resulted in suspension of food licences or registrations where establishments failed hygiene, food handling, storage, refrigeration, sanitation and licensing requirements. Deficiencies included unsafe temperature control, unclean refrigeration equipment, improper food storage and thawing, inadequate sanitisation, deteriorated or expired materials, deficient oil-quality checks, artificial colouring, pest infestation, cross-contamination risks and inadequate drainage. One outlet was also found to be operating under the name of an establishment without a valid food licence, resulting in suspension of its registration certificate.
August 24, 2026
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Central Board Governance expands through appointments of part-time non-official directors for defined terms, alongside central bank and government representatives.
Appointments to the Reserve Bank of India's Central Board expand its part-time, non-official director membership. Syed Akbaruddin, Annie George Mathew and Janmejaya Kumar Sinha have been appointed for four years from 24 August 2026, or until further orders, whichever occurs earlier. The Central Board also includes the Governor, deputy governors, the economic affairs secretary and the financial services secretary.
August 24, 2026
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Electricity tariff adjustment is linked to inflation and transmission losses, while free household units remain separately implemented.
Electricity tariff increase of 6.83 per cent after four years is presented as necessary in light of inflation and rising costs. Reducing transmission and distribution losses is identified as a means of limiting future tariff increases. Provision of 200 units of free electricity for poor and needy households through solar panels under the Muft Bijli Yojana is treated as distinct from tariff revisions.
August 24, 2026
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Sugar supply management measures target speculative stockpiling through imports, stockholding limits and earlier crushing to moderate prices.
Sugar supply is characterised as adequate, and higher prices are attributed principally to speculative buying and advance stockpiling, alongside lower output, seasonal demand and global price pressures rather than an actual shortage. Duty-free raw sugar imports and stockholding limits are intended to augment availability, curb speculative accumulation and stabilise market sentiment. Imports, existing stocks, special crushing and an earlier crushing season are expected to moderate prices and improve festive-period supply. Ethanol diversion is not identified as a cause of the price movement.
August 24, 2026
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Wheat export policy shifts to free trade, lifting restrictions on wheat flour, maida, semolina and wholemeal atta exports.
Wheat export policy has been revised from prohibited to free with immediate effect, lifting the export ban on wheat and related wheat products. The liberalised export treatment extends to wheat flour, maida, semolina and wholemeal atta. The restriction had been imposed to address rising domestic prices, and its removal is expected to improve international wheat availability.

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Veterans speaking out on Trump administration's plans to cut VA's budget

March 5, 2025

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Norfolk (US), Mar 5 (AP) Stephen Watson served in the Marines for 22 years and receives care through the Department of Veterans Affairs for a traumatic brain injury. He supports President Donald Trump and adviser Elon Musk's cost-cutting program — even if it affects the VA.

“We're no better because we're veterans,” said Watson, 68, of Jesup, Georgia. “We all need to take a step back and realize that everybody's gonna have to take a little bit on the chin to get these budget matters under control.” Gregg Bafundo served during the first Gulf War and has nerve damage to his feet from carrying loads of weight as a Marine mortarman. He says he may need to turn to the VA for care after being fired as a wilderness ranger and firefighter through the layoffs at the US Forest Service.

“They're going to put guys like me and my fellow Marines that rely on the VA in the ground,” said Bafundo, 53, who lives in Tonasket, Washington.

The Trump administration's move to end hundreds of VA contracts — halted after public outcry — and ongoing layoffs are affecting the nation's veterans, a critical and politically influential constituency.

More than 9 million veterans get physical and mental health care from the VA, which is now being examined by Musk's Department of Government Efficiency.

The VA manages a USD 350 billion-plus budget and oversees nearly 200 medical centres and hospitals, many in Republican-led states and districts. Veterans have shown up at town hall-style meetings to voice their anger, and groups like the Veterans of Foreign Wars are mobilizing against cuts.

Veterans were much likelier to support Trump, a Republican, than Vice President Kamala Harris, a Democrat, in November's presidential election, according to AP VoteCast, a survey of the American electorate conducted in all 50 states. Nearly 6 in 10 voters who are veterans backed Trump, while about 4 in 10 voted for Harris.

Joy Ilem, national legislative director for the nonpartisan group Disabled American Veterans, said her group was studying how the ongoing cuts might affect care.

"You could lose trust among the veteran population over some of these things that have happened and the way that they've happened,” Ilem warned. “And we do fear damage to the recruitment and retention of hiring the best and brightest to serve veterans.” The White House said last week that it wants to slash USD 2 billion worth of VA contracts, which would affect anything from cancer care to the ability to assess toxic exposure. The department quickly paused the cuts following concerns about the impact on critical health services.

Meanwhile, more than 1,000 VA employees who served for less than two years were dismissed last month. According to Sen. Patty Murray, D-Wash., that included researchers working on cancer treatment, opioid addiction, prosthetics and burn pit exposure.

VA Secretary Doug Collins told Fox News Channel this week that the effort was focused on “finding deficiencies".

“Anything that we're doing is designed and will not cut veterans' health or veterans' benefits that they've earned,” he said.

In a Tuesday statement to The Associated Press, VA press secretary Peter Kasperowicz said the agency “is putting Veterans at the centre of everything the department does”.

“Every dollar we spend on wasteful contracts, non-mission-critical or duplicative activities is one less dollar we can spend on Veterans, and given that choice, we will always side with the Veteran,” Kasperowicz wrote.

Republicans have pointed out that the VA has rehired employees who were let go during an initial round of layoffs in February, such as those working for a crisis hotline. However, during a subsequent round of layoffs, the VA cut 15 other employees who were in jobs supporting the crisis line, including a trainer for the phone responders, according to congressional staff who are tracking the cuts.

The VA has long faced calls for reform The VA has been plagued for years by allegations of poor medical care and excessively long wait times. Investigators a decade ago uncovered widespread problems in how VA hospitals were scheduling appointments after allegations that as many as 40 veterans died while awaiting care at the department's Phoenix hospital.

A group of employees accused the department of retaliating against potential whistleblowers.

President Barack Obama, a Democrat, eventually put into place a programme allowing veterans to go outside the VA system to seek medical care. The Choice Programme was extended by Trump during his first term.

Richard Lamb, who was shot down twice in Vietnam as an Army helicopter crew chief, said the department should be “cut to the bone”.

Lamb, 74, said he broke vertebrae each time his helicopter was shot down. Decades passed, he said, before a private doctor — not the VA — found compression fractures and performed surgery.

“I'd be happy to see VA, not torn down, but cleaned up, cleaned out and recast,” said Lamb, who lives in Waco, Texas. “The VA is supposed to be a wonderful thing for veterans. It's not. It sucks.” Daniel Ragsdale Combs, a Navy veteran with a traumatic brain injury, strongly disagrees.

Ragsdale Combs, 45, suffered his injury while running to respond to an order on an aircraft carrier and striking his head above a hatchway. He receives group therapy for mental illness brought on by the injury but says he had heard those sessions might be canceled or reduced due to staffing shortages.

“I'm deeply concerned because the VA has been nothing but great to me,” said Ragsdale Combs, who lives in Mesa, Arizona. “I'm angry, upset and frustrated.” Lucy Wong relies on a team of VA doctors in the Phoenix area to treat her scleroderma, an autoimmune condition that attacks connective tissue. She said she developed the disease as a medical technician in the Navy in the 1980s, working with toxic chemicals and enduring extreme stress.

Driving is difficult. She worries that the VA will cut Uber rides to her medical appointments, among other things.

“I ask if Trump is cutting anything back here, and the reply is, Not yet,'" Wong said.

Josh Ghering, a former Marine from Parsons, Kansas, who served in Iraq and Afghanistan, said he had to fly to San Antonio for an appointment with a neurologist before he was medically retired for back issues, including herniated discs. He questioned why he couldn't get the same appointment closer to home.

“I think they're headed in the right direction,” Ghering, 42, said of DOGE. “But they're going to have to be more thorough with what it is they're doing, to make sure they're not cutting jobs that are needed.” Will service members be expected to accept VA cuts? The nation's service members have never been a political monolith — and the same holds true for their views on the VA. But the split between two Marines on opposite sides of the country raises a question not just about DOGE but about America's military: Who is expected to sacrifice? Watson, the former Marine in Georgia, sustained various injuries while serving, including a traumatic brain injury when a cable snapped and a crate fell on him. He said he's willing to accept fewer visits to his VA doctor and forgo other conveniences as a matter of service to the country.

“Many veterans who voted for Trump understood this was going to be his policy and are now screaming bloody murder because the axe is going to fall upon the VA,” Watson said. “And to me, that's just a little bit self-centred.” Bafundo, the Marine in Washington state, pushed back against the idea that all Americans are making a sacrifice when, as he sees it, it's really falling back "on the little guy".

America's billionaires won't be shouldering any of the burden, he argued, while Musk, who's the world's richest person, and others pay little, if any, taxes.

“If we're going to sacrifice, the wealthy need to sacrifice, too,” he said. “And, frankly, they don't.” (AP) PY PY

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