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    Minister of State for Commerce and Industry and Electronics & Information Technology Shri Jitin Prasada Concludes Official Visit to Morocco; Co-Chairs...
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August 27, 2026
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Preferential trade agreement exploration advances bilateral market access, pharmaceutical cooperation, investment partnerships, and diversified trade.
India-Morocco economic cooperation is expanded through the seventh Joint Commission framework, targeting deeper and more diversified trade, investment, industrial collaboration and market access across goods and services. An India-Morocco Joint Working Group is to examine bilateral trade opportunities and the feasibility of a preferential trade agreement, including tariff and non-tariff barriers, improved market access and trade facilitation. Cooperation also addresses pharmaceutical market authorisation and approval timelines, food safety, sustainable agriculture, renewable energy, artificial intelligence, healthcare, and phosphates and fertilisers.
August 26, 2026
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Hybrid cyber fraud exploits stolen smartphones and intercepted verification codes to compromise digital banking and payment accounts.
Hybrid cyber fraud combines physical smartphone theft with digital financial exploitation. Offenders obtain screen-lock credentials, steal devices and use control of the active SIM card to intercept verification codes and reset UPI and digital banking credentials. Preventive measures include withholding PINs, passwords and OTPs; avoiding storage of financial and identity records on phones; and immediately blocking the SIM card and freezing digital banking and UPI services after a theft.
August 26, 2026
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CEPA review aims to expand bilateral trade engagement, address export barriers, and support regulatory registrations for exporters.
India and Japan are considering a review of the Comprehensive Economic Partnership Agreement to make the bilateral trade framework more contemporary and expand its scope, scale and commercial opportunities. The review is linked to balanced trade and to identifying export barriers arising from procedural requirements, language issues and time involved in market access. Regulatory compliance assistance may support product registrations required for overseas markets, including costly chemical registrations and pharmaceutical registrations.
August 26, 2026
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Personal loan reward eligibility depends on successful campaign-period disbursal, alongside review of borrowing costs and repayment capacity.
Loan Utsav 2026 provides a limited-period reward bundle to eligible customers whose personal loan is successfully disbursed during the campaign period, subject to applicable terms and conditions. Personal loans are collateral-free and available subject to eligibility, customer profile, documentation and applicable loan terms. Applicants may choose a loan amount and repayment tenure based on their requirements. Extended tenures can reduce monthly EMI obligations but may increase total interest payable. Customers should review interest rates, EMI, processing charges, other loan costs and repayment capacity before accepting a loan offer.
August 26, 2026
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Deep-tech investment cooperation advances through capital corridors, innovation bridges, manufacturing integration and startup pitching platforms for cross-border growth.
India-Japan startup cooperation is proposed to advance through a deep-tech capital corridor, a two-way innovation bridge, manufacturing and technology integration, and joint startup pitching platforms. Collaboration is directed towards patient capital, early-stage research, deep-tech commercialisation, technology validation, precision manufacturing, investment and market access. The partnership also emphasises MSME integration with startups and global supply chains, co-investment mechanisms, plug-and-play infrastructure, and institutional links among universities, research institutions, incubators and industry.
August 26, 2026
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Sugar price-control measures combine raw-sugar imports, stockholding limits and export restrictions to curb retail price pressures.
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August 26, 2026
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Alternative dispute resolution enabled settlement of long-pending disputes, alongside reporting on court administration and regulatory compliance concerns.
Legal developments include resolution of long-pending tenancy, commercial and property disputes through a special Lok Adalat mechanism, including a digitally signed international settlement. Other matters concern a challenge to a riot-related murder conviction, allegations of administrative irregularities and selective case listing, fast-track court pendency, cancellation of a recruitment process following suspected examination malpractice, fraudulent identity documents used to claim citizenship, medical-qualification standards, and opposition to uranium exploration and mining.
August 26, 2026
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MSME co-lending supports digital paperless credit delivery through rural banks for underserved rural and semi-urban enterprises.
SIDBI-RRB MSME co-lending arrangement is proposed for expansion to increase credit access for micro, small and medium enterprises in rural and semi-urban areas. The arrangement combines SIDBI's understanding of MSME credit requirements with Regional Rural Banks' local reach. SIDBI's Co-Lending Origination Platform provides an end-to-end digital credit process intended to enable faster, paperless loan processing, in-principle sanction communication, documentation and direct account disbursement without branch visits.
August 26, 2026
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Input tax credit mismatch alone cannot support fraud-based GST demand without an assessing officer's recorded satisfaction of fraud or suppression.
Section 74 GST demand proceedings require the assessing officer's independent satisfaction of fraud, wilful misstatement or suppression of facts. An input tax credit mismatch or alleged short payment alone cannot establish these conditions. Unsupported assertions of suppression for invoking extended limitation are insufficient, and audit objections cannot replace the assessing officer's satisfaction. A show cause-cum-demand notice lacking factual allegations of a deliberate device to evade tax or avail excess input tax credit is vulnerable.
August 26, 2026
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Fraudulent Aadhaar procurement exposes identity-verification gaps and prompts disclosure, expedited investigation, deportation, and statutory review measures.
Fraudulent procurement of Aadhaar and other identity documents by foreign nationals who infiltrate borders may undermine identity verification, immigration control and national security. Coordinated action is required to trace and deport such persons, prevent re-entry, strengthen document verification, and complete investigations without delay. Amendments to the Aadhaar Act are to be considered to assist investigating agencies, while a dedicated procedure is required to address border infiltration and human trafficking. Aadhaar enrolment records are to be supplied to police, followed by timely deportation proceedings.
August 26, 2026
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Foreign investment liberalisation proposals receive industry support, subject to preserving AIF treatment, grandfathering, and prospective application.
Proposed foreign-investment liberalisation, including treatment of stakes below 10 per cent and a greater role for market forces in valuation, is welcomed. Preservation of the existing treatment of Alternative Investment Funds under the IOCC framework is emphasised, together with grandfathering of transactions and funds undertaken under the current regulatory position. Newly introduced requirements should operate prospectively to support a simpler, predictable and investment-friendly foreign-investment framework.
August 26, 2026
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India market expansion guides Nestle 's volume-led growth, export-hub development and long-term investment without compromising product quality.
Nestle 's India strategy focuses on volume-led growth, wider consumer reach, portfolio development, efficiency improvements and sustained long-term investment. Growth is intended to combine increased household penetration with pricing, premiumisation, affordability and value offerings. India is also intended to develop further as a production and export hub for global markets, supported by manufacturing capacity and expanding overseas supplies. Product quality and consumer interests remain constraints on the pace of expansion.
August 26, 2026
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Credit awareness through regular score and report review supports responsible borrowing, error detection, and informed credit management.
Free online access to the Credit Pulse Report is available through the Bajaj Finance website. Users verify their registered mobile number through OTP authentication, provide identifying particulars including PAN and date of birth, and then view the available credit score. The report may be reviewed and downloaded to examine repayment history, active credit accounts, recent enquiries and other recorded credit information. Periodic review can help identify unfamiliar accounts, inaccurate repayment records, overdue amounts, unupdated information and changes in credit utilisation.
August 26, 2026
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Credit lifecycle consistency requires facility-specific treatment so UPI-linked credit records, repayments and customer obligations remain aligned.
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August 26, 2026
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Non-revolving credit lines require term-loan structures supporting multiple drawdowns without replenishing sanctioned limits for NBFC lending products.
Proposed restrictions on revolving credit facilities for most NBFCs would generally require credit products to operate as term loans, rather than facilities in which principal repayment automatically restores the available borrowing limit. Compliance may require technology capable of managing multiple drawdowns within an approved sanction, separate repayment schedules, amortisation and servicing workflows, while preventing repaid principal from replenishing the sanctioned limit.
August 26, 2026
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Reciprocal trade tariffs intensify as negotiations confront market access, cultural protections, industrial safeguards, and sovereignty concerns.
US-Canada tariff escalation involves reciprocal import duties following failed negotiations over market access and trade in dairy, alcoholic beverages, automobiles, steel, aluminium and softwood lumber. United States tariff action relies on a rarely used trade-law power permitting duties against countries considered to discriminate against American businesses, without a prior investigation or stated time limit. Negotiations also raised concerns about protection of major industries, cultural protections and Canada's freedom to conclude trade agreements with other countries.
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Diaspora engagement supports skilled mobility, investment links, remittances, and citizen welfare while encouraging compliance with local laws.
Indian diaspora engagement in Japan supports bilateral goodwill, business links, investment opportunities and people-to-people ties. Skilled Indian professionals are encouraged to understand local requirements, learn Japanese language and culture, and pursue opportunities in healthcare, trades, engineering, artificial intelligence, accountancy and maritime work. Diaspora members are also encouraged to maintain connections with India, contribute through digital education and knowledge-sharing, and comply with local laws and regulations. Remittances and government support for citizens' welfare, safety and crisis assistance abroad are recognised as important aspects of diaspora engagement.
August 26, 2026
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Semiconductor and AI cooperation advances through industry engagement, investment facilitation, and accelerated economic partnership review.
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August 26, 2026
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Virtual trader engagement platform strengthens weekly grievance feedback, policy information sharing, and institutional dialogue between government and trading communities.
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August 26, 2026
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Competition clearance for full acquisition permits Cyient to acquire Tao Digital Solutions, a global digital transformation and technology services provider.
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Chhattisgarh Budget looks to give 'GATI' to development

March 13, 2025

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Raipur, Mar 13 (PTI) Resource-rich Chhattisgarh is focusing on enhancing governance and technology while fast-tracking infrastructure development to transform into an economically vibrant and industrially advanced state, its finance minister O P Choudhary said.

He last week presented the Chhattisgarh government's Budget for the fiscal year 2025-26, totalling Rs 1.65 lakh crore, with a focus on economic revival, infrastructure development, and social welfare.

While last year's Budget focused on theme GYAN (Gareeb, Yuva, Annadata & Nari), this year's Budget aims to drive progress in the state under the theme of GYAN ke liye 'GATI' to build on the progress made so far, he said discussing the focus of this year's budget.

"In GATI, G stands for good governance, A for accelerating infrastructure, T for technology and I for industrial growth," he said.

Last year's Budget centred around inclusive development. But for inclusive growth, economic development is equally important, he said.

Aspirations of youth, women, and the poor cannot be met without ushering in economic growth. "So to make the concept of welfare sustainable, we thought of GATI," he said. "We want to usher in rapid economic growth. And when there is rapid economic growth, the government will have the financial capacity to bring in the welfare schemes and ensure inclusive growth to the end of the society. This is our philosophy." Without levying any new tax or raising any existing rates, the Budget is designed to propel the state towards a self-sustaining and prosperous future with a clear focus on long-term growth and development.

With enhanced allocations, the budget aims to boost infrastructure, industrial development, and regional connectivity, creating an environment that attracts both public and private investments.

There is a strong emphasis on empowering women, farmers, and rural communities through initiatives like free electricity for agriculture, housing programmes, and skill development opportunities.

Elaborating on GATI components, he said good governance means enhancing transparency, accountability, and citizen engagement in governmental processes.

Investing in the development of roads, bridges, and public facilities to stimulate economic growth is part of focus on infrastructure.

Technology is to be used to streamline governance and improve public service delivery.

Also, industrial development is being promoted through favourable policies and attracting private investments.

"We have used technology, simplified the process, reduced the compliance burden, made it easier to do business in the state, and brought transparency. We have worked to improve the processes and governance," he said.

The state, which was counted among those without highest petrol and diesel prices, cut VAT on the fuel in the Budget to give relief to consumers.

"Without increasing the rate, our transport revenue has increased by 20 per cent. In terms of GST collections, according to the data up to February, we are in the top three best performing states in the country," he said.

Choudhary said the five years of Congress rule in the state up to 2023 are the example of bad governance.

"We have made remarkable growth since then," he said.

The bureaucrat-turned-politician said improving tax through governance is his government's first strategy.

"Secondly, I have talked about speed in this budget. We will focus on infrastructure and industrial growth and ensure rapid economic growth. When there is economic growth, the revenue collection will increase automatically," he said. "So, governance and economic growth, these two pillars are our focus".

Also, the state government is looking at rapid economic growth through heavy capex spending, he said.

Asked about pre-poll promises including subsidised cooking gas and cash doles to certain sections such as women, Choudhary said Chhattisgarh is the first government in the country to have fulfilled majority of promises.

Since coming to power, rice is being procured at Rs 3,100 per quintal, Rs 8,000 crore has been spent on women empowerment, Rs 5,000 crore provided for housing scheme, and Rs 3,700 crore for landless agricultural labourers, he said, recounting the welfare measures of the BJP-led government in the state.

"We have fulfilled more than 90 per cent (of our poll promises). We are the first government to fulfil so many promises in the last 15 months," he said.

The budget also has many uniques -- from homestay policy to foodparks.

"There is a major perception problem here. People think you will get killed by Naxals if you go to Raipur. But that is not the case," he said, adding the state is peaceful in most parts.

Bastar is bigger in area than Kerala and only a small part of it has Maoist problem, he said.

"Because of this perception problem, we could not explore the beauty of nature. The people there did not get the benefit. We have brought a homestay policy by engaging the local tribals," he said, citing a UN body adjudging a village in Bastar as the best tourist village in the world.

"We want to promote tribal eco-tourism through the homestay policy. This will give people employment," he said.

Likewise, food processing and minor forest produce is very important for the economy of Chhattisgarh.

In the Budget, Rs 10,000 crore has been allocated to the Krishak Unnati Yojana to enhance agricultural prosperity, Rs 8,500 crore for the Pradhan Mantri Awas Yojana (Gramin) to improve rural housing and Rs 3,500 crore set aside for providing free electricity to agricultural pumps up to 5 HP. Also, Rs 5,500 crore allocated to the Mahatari Vandan Yojana and Rs 4,500 crore to the Mukhyamantri Khadyann Sahayata Yojana, aiming to empower women and ensure food security.

It earmarks Rs 9,500 crore for public infrastructure, Rs 845 crore for rural roads under the Pradhan Mantri Gram Sadak Yojana (PMGSY) and Rs 500 crore for connecting Particularly Vulnerable Tribal Groups (PVTG) habitations. It provides Rs 250 crore for the development of the Naxal-affected Bastar region, focusing on infrastructure, education, and industrial growth. PTI ANZ HVA

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