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September 4, 2026
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Money laundering allegations over fraudulent marriage-assistance disbursements prompted investigation into false credentials and ineligible beneficiary payments.
Alleged money laundering arose from fraudulent disbursement of marriage-assistance funds intended for daughters of registered construction workers. The allegations include approvals and releases for suspicious marriage cases, use of bank accounts opened or misused on false credentials, multiple cash withdrawals, and extension of benefits to ineligible persons. Investigation under the Prevention of Money Laundering Act followed an economic-offences FIR concerning suspected misuse of the welfare scheme.
September 4, 2026
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Money-laundering allegations: discharge plea attributes airline's financial collapse to macroeconomic conditions and denies loan siphoning through sales agents.
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September 4, 2026
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Foreign exchange market conditions supported rupee appreciation, while oil prices and geopolitical tensions limited potential gains.
Foreign exchange market conditions supported the rupee's appreciation by 8 paise to 94.43 against the US dollar, aided by positive domestic equity markets, improved risk appetite, foreign capital inflows and foreign institutional buying. Reserve Bank of India intervention was also cited as support. Elevated crude oil prices, safe-haven dollar demand and United States-Iran tensions were identified as factors limiting further gains. India's foreign exchange reserves increased to a new all-time high during the relevant reporting week.
September 4, 2026
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Offer-for-sale IPO clearance enables existing exchange shareholders to monetise holdings, while sale proceeds remain outside the exchange.
Regulatory clearance permits the National Stock Exchange to proceed with an initial public offering structured wholly as an offer for sale by existing shareholders. The proposed issue does not raise fresh capital, and sale proceeds will accrue to the selling shareholders rather than the exchange. Revised offer documents were required after addition of a selling shareholder, triggering a fresh public-feedback period. The offering follows settlement of co-location and dark-fibre matters and governance and compliance measures addressing regulatory concerns.
September 4, 2026
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Equity market resilience was tempered by profit booking, geopolitical tensions, global rate expectations and domestic liquidity.
Equity markets registered a recovery after four consecutive losing sessions, led by buying in metal, private banking, oil and gas, housing finance, telecommunication, insurance, commodities and financial services shares. The benchmark equity index closed higher, while the broader index recorded a modest gain after retreating from an intraday level above the psychological threshold during the newly introduced Closing Auction Session. Investor sentiment was supported by easing interest-rate concerns, strong earnings momentum, resilient economic growth and domestic demand, but was constrained by profit booking, geopolitical tensions and crude-oil price risks.
September 4, 2026
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Forex reserve management reflects rising foreign currency assets and gold holdings, alongside marginal declines in SDRs and IMF reserve position.
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September 4, 2026
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IPO regulatory clearance enables further public issue preparations, with existing shareholders proposing a complete offer for sale.
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September 4, 2026
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September 4, 2026
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Rupee exchange-rate movement reflects foreign-currency deposit inflows, central-bank intervention, oil-price risks and changing market risk appetite.
Foreign-exchange liquidity measures, including a special central-bank programme for foreign-currency deposits, generated substantial inflows that supported the rupee. Inflows from foreign-currency deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened market conditions. Rupee appreciation was also supported by foreign equity inflows and risk appetite, but remained vulnerable to higher crude-oil prices, US-Iran tensions, safe-haven demand for the US dollar and possible disruption to oil flows through the Strait of Hormuz.
September 3, 2026
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September 3, 2026
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September 3, 2026
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Economic offence investigations: cross-border training strengthens officers' practical skills in investigation, prosecution, procedures, and handling complex financial crimes.
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Unauthorised Aadhaar credential use triggers blacklisting and procurement debarment following alleged post-termination enrolment and update transactions.
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Electric-vehicle adoption across road-transport segments is projected to reduce dependence on imported petrol and diesel, notwithstanding continuing battery imports. Accelerated electrification could reduce vehicle-related import expenditure substantially by 2050 because reduced oil imports are expected to exceed battery-import costs. Domestic cell-manufacturing capacity may further increase savings by combining rapid vehicle electrification with battery localisation.
September 3, 2026
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Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
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Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.
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September 3, 2026
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Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.

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MEA constituted 'gender budget cell': Govt to parliamentary panel

March 17, 2025

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New Delhi, Mar 17 (PTI) The government has informed a parliamentary panel that it has established a "gender budget cell" which has been tasked with evaluating gender-related contributions of projects implemented by the Ministry of External Affairs.

Also, the Committee on External Affairs, chaired by Congress MP Shashi Tharoor, in its report has recommended that the MEA should establish a "comprehensive monitoring and evaluation framework" for all ongoing and upcoming development projects.

The 'Fifth Report of the Committee on External Affairs (2024-25) on Demands for Grants (2025-26)' was presented in Parliament on Monday.

On committee's specific question on incorporation of the dimension of gender budgeting in proposing the budgetary demands, it has been submitted that the ministry has "constituted a gender budget cell, which has been tasked with evaluating gender-related contributions of projects implemented by the ministry", the report said.

A data collection exercise with respect to the gender-related aspects of the projects, has been undertaken and the data is presently being analysed with a view to initiating further action based on the analysis. In this regard, two officers of the gender budget cell were also trained on gender budgeting in Indian Institute of Management, Ahmedabad, the panel was told.

The committee said it acknowledges the efforts made by the MEA in establishing a gender budget cell to assess and incorporate gender-related dimensions into the ministry’s budgetary processes, according to the report.

The initiative to evaluate the gender-related contributions of projects implemented by the ministry is a "commendable step" towards aligning the ministry's budgetary framework with India's broader commitment to gender equality and inclusive development, it said.

However, the committee in its report has observed that while the ministry has undertaken a data collection exercise to evaluate the gender-related aspects of its projects, "the data is still under analysis, and further action is awaited".

"Given the growing global recognition of gender equality as a cornerstone of sustainable development, it is imperative that the gender dimension be integrated into the ministry's projects and budgetary demands in a more structured and timely manner," the panel said.

The ministry should accelerate the analysis of the gender-related data it has collected and develop a "concrete action plan" to ensure that gender budgeting is systematically incorporated into all relevant projects and schemes, it said.

Furthermore, the committee has urged the MEA to expand the capacity of the gender budget cell and ensure that it is adequately resourced to carry out this essential work effectively.

The parliamentary panel also commended the ministry for increased representation of women in the Indian Foreign Service (IFS), with women officers constituting 39.39 per cent of the 2024 batch.

"The appointment of 15 lady officers as Heads of Missions is a notable step towards promoting gender equality at the senior-most levels of the ministry. Additionally, the establishment of the gender budget cell, the implementation of mentorship programmes and the provision of creche facilities for employees are positive initiatives that reflect the ministry’s commitment to creating an inclusive and supportive environment for women," it added.

However, the panel said it believes that further efforts are necessary to enhance gender equality, not only in terms of representation, but, also in terms of professional advancement, particularly in senior and decision-making roles.

The budget estimate (BE) for the MEA for 2025-26 has been reduced to Rs 20,516.61 crore, reflecting a decrease of 7.39 per cent compared to the BE for 2024-25 and 18.83 per cent compared to the revised estimate for 2024-25, it said.

In its report, the panel also urged the ministry to "improve its budget forecasting process to ensure better alignment between projected and actual expenditures, especially given the increasing number of new missions and consulates abroad".

The committee has also hailed the MEA for its efforts to implement and monitor its development cooperation projects effectively.

"The creation of a dedicated Project Management Unit, the establishment of an online dashboard system for tracking project progress, and the active involvement of both Indian and host country stakeholders in project implementation are all positive steps in ensuring the effectiveness and efficiency of India’s development assistance. "However, the committee emphasises the need for more robust and transparent monitoring mechanisms to ensure the optimal utilisation of resources and timely execution of projects," the report said.

The Committee on External Affairs (2024-25) recommended that the ministry should "establish a comprehensive monitoring and evaluation framework for all ongoing and upcoming development projects".

The panel also said it has selected the subject 'Indian Diaspora Overseas including NRIs, PIOs, OCIs and Migrant Workers: All Aspects of their Conditions and Welfare, including the Status of the Emigration Bill' for detailed examination and report during their current term.

"A more detailed report on schemes and programmes for welfare of Indian diaspora will be presented to the Parliament shortly," it said. PTI KND KVK KVK

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