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    Assam Exports First International Consignment of Purabi Ice Cream to Bhutan
    Building Deep and Resilient Financial Markets for a Viksit Bharat - Keynote Address delivered by Shri Rohit Jain, Deputy Governor at the Financial Ins...
    RBI issues Draft (Securitisation Transactions) Amendment Directions
    Rupee rises 5 paise to 95.77 against US dollar in early trade
    Woman GST officer, consultant caught taking Rs 60,000 bribe in Maharashtra's Jalna
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    Haryana Cabinet approves housing, EV, MSME and governance reforms
    SC slams CBI, Delhi Police EoW over silence in Indiabulls probe, calls their conduct 'shocking'
    Govt introduces Bill in RS to tackle payment delays faced by MSMEs
    Regional Rural Banks (RRBs) Post Highest-Ever Net Profit of Rs. 10,177 Crore in FY 2025–26, show consistent improvement in other key financial param...
    Gross Non-Performing Assets (GNPA) of Public Sector Banks (PSBs) at historic low of 1.9% in FY 2025-26, achieve highest-ever net profit of ₹ 1.9...
    India's Toy Exports Soar 89.1%, Reflecting Strong Growth in Domestic Manufacturing
    India's Exports Scale Record US$ 863.1 Billion in FY 2025–26, Driven by Strong Trade with UAE, UK and Australia
    India's FTAs Deepen Global Market Access, Boost Export Diversification and Labour-Intensive Sectors.
    73 Sports Medal Winners of Chandigarh University get government jobs in 2025-26
    Centre orders sugar dealers to limit stocks to 30 days; stock limit at 4,000 quintals
    5 Credit Profile Checks That Can Improve Financial Health
    Gold Loan EMI or Bullet Repayment: Muthoot Finance Helps Choose Right in 2026
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    July 29, 2026
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    Processed dairy exports to Bhutan expand through compliance support, market access facilitation, and planned diversification of longer-shelf-life products.
    Processed dairy exports from Assam to Bhutan commenced with a Purabi Ice Cream consignment exported by North East Dairy and Foods Limited and manufactured through Assam's cooperative dairy network. The Agricultural and Processed Food Products Export Development Authority supported export documentation, regulatory compliance, market access and stakeholder coordination. The initiative seeks to expand value-added dairy exports from the North Eastern Region, with plans to introduce longer-shelf-life products and increase exports according to market demand.
    July 29, 2026
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    Financial-market depth requires reliable liquidity, risk transfer, transparent products and shared institutional responsibility for resilient long-term financing.
    Financial-market depth requires reliable liquidity and price discovery, efficient risk distribution, and diverse, meaningful participation across market conditions. Government and corporate bond markets, money markets, and foreign exchange and derivative markets should channel long-term savings into investment and enable management of interest-rate, currency and credit risks. Product innovation must serve genuine needs and be supported by suitability assessments, transparent disclosure, fair pricing, independent valuation and user risk-management capacity. Regulators, market institutions, issuers, investors and infrastructure providers share responsibility for resilient, transparent and trusted markets.
    July 29, 2026
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    Securitisation Note amendments seek stronger issuance efficiency, liquidity and transparency, with stakeholder consultation invited on proposed directions.
    Draft amendments to securitisation transaction directions seek to improve the efficiency, liquidity and transparency of issuing and subsequently transferring Securitisation Notes. The proposals apply to commercial banks, small finance banks, non-banking financial companies and all India financial institutions. Public and stakeholder comments are invited through the designated regulatory consultation platform or alternatively by post or email.
    July 29, 2026
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    Rupee appreciation reflected weaker dollar conditions, equity inflows, crude oil movements and positive domestic market sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar. A weaker US dollar, lower crude oil prices relative to earlier levels, positive domestic equity sentiment, and foreign institutional investors' net purchase of Indian equities were identified as key influences. The dollar index weakened ahead of a monetary policy announcement, while crude prices rose amid renewed geopolitical tensions. Domestic benchmark equity indices also advanced in early trade.
    July 29, 2026
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    Input Tax Credit unblocking allegedly involved illegal gratification, prompting a trap operation and apprehension of the officer and consultant.
    Alleged bribery connected with unblocking Input Tax Credit arose after an electronics trader received a show-cause notice and had its ITC blocked. A private tax consultant allegedly conveyed that a State GST officer demanded illegal gratification for unblocking the credit and encouraged the trader to settle the demand. Following a complaint, a trap operation allegedly led to the apprehension of the officer and consultant, with further legal action in progress.
    July 29, 2026
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    Defence production licensing and Russian energy sanctions shaped discussions on Ukraine's security capacity, missile supply and diplomatic engagement.
    Ukraine-US discussions addressed licences for domestic Patriot defence-system production, wider defence-production cooperation, technology exchange and missile supply funded through European resources. Ukraine also sought support for a sanctions bill designed to increase economic pressure on Russia by imposing tariffs on goods from major purchasers of Russian oil and gas and by sanctioning Russian leaders, financial institutions and energy projects. The proposed defence-production licence was identified as a longer-term measure, alongside calls for renewed diplomatic engagement.
    July 29, 2026
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    Cooperative-sector modernisation strengthens rural finance through expanded credit societies, online audits, institutional connectivity and technology-enabled cooperative banking.
    Cooperative-sector modernisation is presented as a mechanism for strengthening rural institutions, farmer prosperity and the rural economy. The separate Ministry of Cooperation provides an administrative, legal and policy framework for the cooperative movement. Key initiatives include establishing new primary agricultural credit societies and dairy cooperative societies, expanding business activities for primary agricultural credit societies, online auditing, and connecting cooperative institutions. District cooperative banks are described as important institutions for meeting the financial requirements of expanding service and dairy cooperative societies.
    July 28, 2026
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    Direct containerised rail freight movement enables seamless Kolkata Port-to-Biratnagar cargo transport without border transshipment under revised transit arrangements.
    Direct containerised rail freight movement between Kolkata Port and Biratnagar Customs Yard has commenced under the revised India-Nepal Rail Transit Protocol. The service enables end-to-end commercial rail carriage without border transshipment through the Jogbani-Biratnagar broad-gauge connection. Implementation of the revised Letter of Exchange operationalises direct commercial rail access, intended to reduce transit time, logistics costs and cargo handling while improving supply-chain efficiency, reliability and cross-border trade.
    July 28, 2026
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    State governance reforms expand housing relief, local audits, MSME support, property records, welfare measures and clean-vehicle tax incentives.
    The reforms provide concessional stamp duty and registration charges for eligible Economically Weaker Section housing beneficiaries, a statutory local-audit framework, and incentives for MSMEs and exports. They also establish rules for ownership records in Lal Dora areas and introduce a formula-based urban property-tax assessment framework with exemptions. Welfare measures cover compensation for specified unnatural custodial deaths, ex-Agniveer reservation, and compassionate appointments. Motor-vehicle tax measures provide a rebate for qualifying vehicles registered in women's names and exemptions for new electric vehicles.
    July 28, 2026
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    Investigation into alleged fund diversion faced scrutiny as agencies were required to disclose progress and decide on regular cases.
    Investigation into alleged dubious transactions and fund diversion involving Indiabulls Housing Finance Limited remained under scrutiny because investigating agencies did not provide an updated status or take a final decision on registration of regular cases. The Central Bureau of Investigation and Delhi Police Economic Offences Wing were required to file a comprehensive affidavit and status report. The allegations concern loans allegedly routed through corporate entities to promoter-linked companies, alongside inquiries involving financial, corporate-fraud and market-regulatory agencies.
    July 28, 2026
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    MSME payment-delay reforms propose faster dispute resolution, enforceable settlement recovery, and invoice discounting to strengthen supplier liquidity.
    The proposed amendment strengthens delayed-payment dispute resolution for micro and small enterprise suppliers through prescribed adjudication timelines and possible interim payment of at least half the awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and are proposed to be legally enforceable debts under the insolvency framework. Central public sector enterprises would be required to route MSME invoice settlements through the Trade Receivables Discounting System.
    July 28, 2026
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    Regional rural bank oversight strengthens financial performance, technology adoption, diversified lending and financial inclusion in remote communities.
    Regional Rural Banks are regularly reviewed for financial performance, technology upgradation, MSME lending, loan diversification and financial inclusion in rural and remote areas. Their financial health improved over recent years, with growth in deposits, loans, credit-deposit ratio, net worth and capital adequacy, alongside improved asset-quality indicators. Financial-inclusion targets for bank-account access, micro-credit, insurance and pension schemes are set and periodically monitored to extend formal financial services.
    July 28, 2026
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    Emergency credit guarantee support addresses business liquidity mismatches while public sector banks report stronger asset quality and sectoral lending growth.
    Public sector banks reported improved balance-sheet health, rising business and lending, higher profits, stronger capital adequacy, and lower gross non-performing assets through FY 2025-26. Credit expanded across retail, agriculture, MSME, and infrastructure segments. Emergency Credit Line Guarantee Scheme 5.0 provides guarantee coverage to member lending institutions for eligible additional credit facilities addressing short-term liquidity mismatches, with full coverage for MSMEs and differentiated coverage for non-MSMEs and scheduled passenger airlines. Airline assistance is linked to peak credit outstanding and may require proportionate promoter or owner equity contribution above the applicable threshold.
    July 28, 2026
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    Toy quality regulation and export support strengthen domestic manufacturing, safety compliance, market access, and competitiveness in the Indian toy sector.
    Toy-sector measures combine quality regulation, import-duty changes, domestic manufacturing support, export facilitation, and promotional initiatives. The National Action Plan for Toys covers toy design, learning-oriented toys, quality monitoring, restrictions on unsafe imports, indigenous clusters, and domestic production. A Quality Control Order and BIS licensing framework support compliance with toy-safety standards. Cluster assistance, startup recognition, export-duty remission support, and zero-duty market access under specified trade agreements seek to strengthen competitiveness, while stated measures are associated with improved quality conformity, lower imports, and increased exports.
    July 28, 2026
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    Preferential market access under free trade agreements supports export diversification, labour-intensive sectors, and exporter use of tariff concessions.
    India's FTA framework is used to promote preferential tariff utilisation, export diversification and expanded market access. The Government monitors recently operationalised agreements through Certificates of Origin and partner-country trade data. Agreements with the UAE, Australia, Mauritius, Oman and EFTA are associated with increased product-line coverage, tariff preference utilisation and export opportunities. Labour-intensive sectors receive priority through preferential access, while calibrated tariff liberalisation and transition arrangements seek to protect sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal support exporters with market intelligence, rules of origin guidance, trade data and export-performance monitoring.
    July 28, 2026
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    Preferential Market Access under free trade agreements supports export diversification, labour-intensive sectors, tariff utilisation and data-driven trade facilitation.
    Preferential tariff utilisation under recently operationalised trade agreements is monitored through Certificates of Origin and partner-country trade data. Increased certificate issuance and expansion in exported HS-level tariff lines are treated as indicators of export diversification and market penetration. Labour-intensive sectors receive improved market-access opportunities under FTAs, while calibrated tariff liberalisation and transition arrangements preserve policy space for sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal provide exporters and policymakers with market intelligence, Rules of Origin guidance, FTA advisory services and trade-performance analytics.
    July 28, 2026
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    Sports-quota government recruitment recognised medal-winning student-athletes for public employment across defence, policing, railways and other government institutions.
    Sports-quota recruitment enabled medal-winning student-athletes to obtain government employment on the basis of sporting performances at state, national and international levels. Appointments covered armed forces, central armed police and paramilitary organisations, railways, police, the Income Tax Department, a public-sector bank, sports departments and other government institutions. The described sports framework provides scholarships, coaching, infrastructure, dietary support, travel, accommodation, equipment and selection-oriented physical, mental and personality-development training.
    July 28, 2026
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    Sugar stock controls require dealers to limit inventory duration and quantity, declare holdings, and curb speculative buying.
    Sugar dealers may not retain stock beyond thirty days from receipt or hold sugar above 4,000 quintals at any time or place. Government-account stocks and authorised Public Distribution System stocks are excluded. State Governments and Union territory administrations may prescribe limits only within the national ceiling and holding period. Dealers must declare and regularly update stock positions on the designated portal. The temporary restrictions are intended to maintain domestic availability, discourage speculative buying and contain sugar prices.
    July 28, 2026
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    Credit Profile Management requires timely repayments, controlled utilisation, selective borrowing and prompt correction of credit-report inaccuracies.
    A healthy credit profile depends on timely repayment of EMIs and credit-card dues, controlled credit utilisation and selective applications for new credit. Missed payments, sustained high utilisation and multiple hard enquiries may affect credit health and lender assessment. Individuals should periodically review credit reports for inaccurate personal details, closed loans recorded as active, missing repayment updates, duplicate loan entries or incorrect payment status, and promptly seek correction of discrepancies. Regular monitoring of credit score, repayment history, active accounts and enquiries supports informed credit-management decisions.
    July 28, 2026
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    Gold loan repayment structures require borrowers to weigh EMI interest savings against bullet repayment cash-flow flexibility and maturity obligations.
    Gold loans may be repaid through EMIs, which reduce principal and interest through periodic instalments, or through Bullet Repayment, which defers principal and accrued interest until maturity. The stated framework imposes tiered loan-to-value limits and caps consumption-purpose bullet loans at 12 months, with bullet-loan collateral assessment including projected interest. EMI repayment may reduce overall interest cost for borrowers with predictable income, while bullet repayment may preserve cash flow for borrowers expecting a defined future inflow. Borrowers should compare costs and review the Key Fact Statement before choosing a structure.

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      US foreign aid cuts leave funding gap that private donors are unlikely to fill

      March 7, 2025

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      Washington, Mar 7 (AP) Charitable organisations that relied on US foreign assistance are looking to different private and public donors now that the Trump administration suspended nearly all foreign aid contracts.

      Past giving patterns suggest such a lifeline is unlikely. The United States was the world's largest single funder of foreign aid, and neither other governments nor private foundations are in position to fill the gap, according to program executives, aid researchers and nonprofit workers.

      Experts in international development say that along with lost funding, the administration's dismantling of the US Agency for International Development deprives the field of political leadership and expertise that will be difficult to replace.

      The Trump administration initially froze foreign aid, but has since laid off most USAID employees while ending more aid contracts and grants. Trump adviser and billionaire Elon Musk, who is overseeing the administration's work to cut government spending and downside the federal workforce, has called USAID a criminal organisation.

      “The American people delivered a mandate for President Trump to root out inefficiencies across the federal government,” a State Department spokesperson said, adding that US Secretary of State Marco Rubio, was working “to ensure taxpayer resources are being used to make America safer, stronger, and more prosperous”.

      Experts agree the international humanitarian assistance system has essentially operated on the back of US benevolence. What seems like the sudden end of that era has shut down life-saving programmes around the world and triggered an existential crisis for the international development sector.

      Could private donors fill the gap? No, the numbers do not add up.

      The US accounted for $64 billion, or 28% of the $223 billion in official development assistance that governments provided in 2023, according to the Organisation for Economic Co-operation and Development. Also known as overseas aid, those funds could go directly to other countries, to humanitarian aid, to fund the work of the United Nations or to help refugees.

      Private organisations and individuals would essentially need to double their gifts to make up for USAID cuts: private donations that crossed borders totalled $70 billion in 2020, the most recent year of available data in the Global Philanthropy Tracker from Indiana University Lilly Family School of Philanthropy.

      Even if all private donors gave twice as much, coordinating their activities would be a major task, and it's unclear what organisation would take that on.

      Rob Nabors, the North America director for the Gates Foundation, described the scale of the challenges facing nonprofit groups that focus on global health.

      “There is no foundation — or group of foundations — that can provide the funding, workforce capacity, expertise, or leadership that the United States has historically provided to combat and control deadly diseases and address hunger and poverty around the world,” Nabors said in a statement.

      What about other countries? The world's richest countries agreed at the United Nations in 1970 to spend 0.7% of their gross national product on development aid. Few countries ever reached the target, and many now are pulling back from it.

      In recent years, other major donor countries announced cuts to their foreign assistance spending, including Sweden, the Netherlands and the United Kingdom. Budget constraints were cited for some of the reductions, and others came after the election of conservative governments, some of which see the aid as wasteful or not in line with their national interests.

      Susan Appe, a University at Albany associate professor of public administration and policy, has researched how nonprofits deal with the changing whims of international donor countries.

      She said local organisations may try to win funding from their own governments, earn income from their activities, increase the contributions of philanthropists in their own countries or to get support from diaspora communities.

      “These adaptive strategies or coping mechanisms do take time to cultivate,” Appe said, which is not possible when funds are suddenly cut off.

      What are the criticisms of foreign aid? The US cuts have brought new attention to efforts to reform how foreign aid works.

      Critics within the field saw dependence on major donors countries, mostly the US and in Europe, as one problem among many. They argued that foreign assistance was too inflexible, too top down, had too many intermediaries and never enough money.

      For example, there was a major push within international development circles to “localise aid". That meant giving more money directly to countries or local organisations instead of having governments make large grants to international nonprofits that subcontracted with smaller organisations.

      Nilima Gulrajani, principal research fellow at the London-based think tank ODI Global, has led a project over the last year to reimagine the foreign aid system.

      “Everyone knew a rethinking was needed. It was clear even before all these cuts,” Gulrajani said. “But it's now taking on an urgency that it didn't have, and unfortunately, the collateral damage in the process will be the most vulnerable” people.

      Through a series of dialogues called, “Donors in a Post-Aid World,” her project asked: Why should the richest countries give foreign aid at all? In October, a small group of participating donor countries, researchers and activists suggested paring down to the most basic arguments for foreign aid: focusing on extreme poverty, on shared interests like mitigating climate change and managing global health, and then reforming how development aid works.

      Given the cuts in Washington, progress in those areas now seems ambitious, Gulrajani said.

      “It is very unlikely that any of these donors are going to pick up or fill the holes that have been left,” she said of other wealthy countries. “Not only is that very hard to do given the size of the hole, but I also think there is a sense that the pullback from the US has just done untold damage to the sector overall.” Will the undoing of USAID provide a fresh start? Few critics of the foreign aid sector have welcomed the consequences of the Trump administration's cuts.

      For example, the nonprofit Unlock Aid has argued that too much US foreign aid spending goes through large contractors in Washington and that USAID was not doing enough to hold them accountable for achieving results.

      Unlock Aid has proposed more cooperation with beneficiary countries to allow them to help set priorities and stricter transparency requirements for grantees.

      “I think that those who care about foreign aid investments need to put together an inspiring vision for what a new future can look like that Americans can get behind,” said Walter Kerr, the co-executive director of Unlock Aid.

      In February, Unlock Aid was one of several organisations that launched emergency fundraisers to benefit organisations that lost USAID funding. It's already collected $600,000 and recommended initial grants.

      “It's very difficult to have a conversation about reform while life-saving programs that people depend on are interrupted," Kerr said. (AP) SCY SCY

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