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August 10, 2026
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Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
August 10, 2026
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Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
August 10, 2026
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Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
August 10, 2026
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Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
August 10, 2026
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GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
August 10, 2026
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Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
August 10, 2026
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UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
August 10, 2026
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Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
August 10, 2026
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Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
August 9, 2026
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Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
August 9, 2026
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GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
August 9, 2026
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Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
August 9, 2026
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Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
August 8, 2026
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Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
August 8, 2026
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Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
August 8, 2026
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Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
August 8, 2026
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Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
August 8, 2026
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Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
August 8, 2026
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Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
August 8, 2026
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Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.

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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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