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    AssetPlus Launches Portfolio Management Services to Help MFD Partners Grow and Retain High-Net-Worth Clients
    APEDA Facilitates Flag-Off of 18 MT of NPOP-Certified Ethnic Rice from Tripura for Export to Austria and the Netherlands
    VR LIVIN’s ‘THE FIRST’ Records Sale of 20 Villas Within Two Days of Launch
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September 3, 2026
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Portfolio management services distribution enables certified mutual fund distributors to digitally onboard and report for eligible high-net-worth clients through AssetPlus.
AssetPlus has launched Portfolio Management Services for certified Mutual Fund Distributor partners to digitally onboard, track, manage and report PMS investments for eligible high-net-worth clients. PMS distribution requires NISM Series-XXI-A certification and operates within the APRN distributor-registration framework. PMS comprises individually managed portfolios run by SEBI-registered Portfolio Managers and held in clients' demat accounts. The minimum investment is Rs. 50 lakh, and offerings are governed by the SEBI (Portfolio Managers) Regulations, 2020. The platform provides daily reconciliation of holdings, performance and valuations.
September 3, 2026
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NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.
September 3, 2026
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Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
VR LIVIN Ventures LLP launched 'THE FIRST', an 83-villa gated residential community in Madhavaram, North Chennai, which recorded sales of 20 villas during its first two launch days. The development includes smart-home villas and more than 50 lifestyle amenities, with access to nearby metro connectivity and social infrastructure. It forms part of the company's intended expansion of residential projects in Chennai and other South Indian locations.
September 3, 2026
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GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
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Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
September 3, 2026
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Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.
September 3, 2026
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Money laundering investigation examines alleged diversion of bank loans from a power project to group entities and personal use.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
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Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
September 3, 2026
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Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
September 3, 2026
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Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
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Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
September 3, 2026
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Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
GIFT-IFSC's IBUs mobilised foreign-currency liquidity under the RBI's FCNR(B) deposit swap facility, with 20 IBUs sanctioning USD 54.02 billion and disbursing approximately USD 52.82 billion as at 31 August 2026. Between April and August 2026, IBUs disbursed USD 11.62 billion in External Commercial Borrowings, while Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges. These activities support cross-border financing, international capital-market access and foreign-exchange inflows.
September 3, 2026
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Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
Operational leadership for bilateral economic engagement is strengthened through the appointment of Shuchita Sonalika as the first Chief Operating Officer of the Canada-India Business Council. The appointment is directed toward enhancing the council's capacity to support expanding investment and economic relations between Canada and India, in coordination with its board, members and partners. Sonalika brings international affairs experience in advancing India's economic partnerships across global markets.
September 3, 2026
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Regulatory certainty and compliance reforms support investment facilitation, infrastructure development, MSME credit access, and reduction of bank non-performing assets.
Regulatory certainty, ease of compliance and investment facilitation are identified as central elements of India's economic reform orientation. The Insolvency and Bankruptcy Code is included among reforms supporting regulatory certainty, reduced paperwork and easier compliance. Policy priorities include infrastructure development, artificial intelligence and data centres, credit access for MSMEs, reduction of banks' non-performing assets, fiscal discipline, and investment facilitation by central and state governments.
September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
Japan Credit Rating Agency upgraded India's foreign-currency and local-currency long-term issuer ratings to A-, citing solid economic growth, strengthened growth-oriented policies and improved financial-system soundness. Improved banking asset quality, insolvency mechanisms, government capital infusion and stronger central-bank supervision support financial resilience. Fiscal quality has improved through greater infrastructure-focused capital expenditure and restraint in current spending, while a contained current-account deficit, services surplus and substantial foreign-exchange reserves support resilience to external shocks.
September 2, 2026
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Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
Foreign capital inflows and modest foreign institutional equity purchases supported rupee appreciation against the US dollar despite weak domestic equities, elevated crude oil prices and a stronger dollar. RBI monitoring and apparent currency-market intervention supported the rupee amid risk aversion, higher US Treasury yields and concerns over crude supply disruptions. Forthcoming US employment data remained relevant to dollar and rupee direction.
September 2, 2026
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Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
September 2, 2026
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Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
September 2, 2026
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GST bribery allegations led to a trap operation against officials and an intermediary in a quarrying matter.
Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
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State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
Haryana's SGST collections increased by 29 per cent during April-August of financial year 2026-27, exceeding the national growth rate of 16 per cent. August 2026 post-settlement SGST revenue rose by 21 per cent, compared with national average growth of 13 per cent. Haryana accounted for less than 4 per cent of national GST taxpayers but contributed approximately 7.7 per cent of aggregate national SGST, CGST and IGST collections. VAT/CST collections rose by 13.8 per cent during the same period.

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News and Press Release

Leveraging Non-conventional Data Sources for Official Statistics

March 21, 2025

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The brainstorming session on Leveraging Non-Conventional Data Sources for Official Statistics, of Ministry of Statistics and Programme Implementation (MoSPI), was concluded on 20th March, 2025 at Vigyan Bhawan, New Delhi.

The inaugural session of the event was addressed by Sri Kris Gopalakrishnan, Chairman Axilor Ventures and Co-founder of Infosys, Sri Rana Hasan, Regional Lead Economist, South Asia, Asian Development Bank (ADB), Sri Shombi Sharp, UN Resident Coordinator (UNRC), and Dr. Saurabh Garg, Secretary, Ministry of Statistics and Programme Implementation.

Sri Kris Gopalakrishnan, one of the co-founders of Infosys, Chairman, The Council, IISc Bangalore, and the Chairman, Board of Governors of IIIT, Bangalore, in his keynote address, underpinned the importance of the non-conventional data by citing success of Aadhar, primarily developed as a tool of citizen services, however, now used for developing various applications. He said that in view of India’s tremendous potential in technology, it can lead from front in respect of using non-conventional datasets for decision making.

He impressed upon the need of standardization of various datasets, strengthening data processing capabilities, and developing data governance framework. He emphasized further that there is a need for evolving a framework enabling access to private data, legally backed and for rightful usages. In addition, he underlined that there is a need of fostering data literacy amongst all stakeholders so that the non-conventional sources are effectively used. Further, he opined that a single source of data would empower not only to the data producers but also to the entrepreneurs. He concluded by stating that the deliberations like this would strengthen formalizing the non-conventional data sources.

Dr. Saurabh Garg, Secretary, MoSPI, impressed upon the importance of such sessions for encouraging a concerted effort of all stakeholders for the optimal usages of available in the ecosystem. He urged upon the representatives of the Central Ministries/Departments, including the Statistical Advisors to explore the possibility of reusing datasets generated by the other agencies. Further, he also mentioned that the culture of data sharing, however, maintaining the sanctity of Personally Identifiable Information (PII) must be fostered in the working of all the stakeholders.

Sri Shombi Sharp, UNRC in his address shared some best practices regarding the citizen generated data and their usages in the official statistics especially in achieving the SDGs. Besides, he also emphasized upon a greater collaboration amongst the stakeholders to capitalize the full potentials of all possible alternate datasets.   

Sri Rana Hasan in his presentation demonstrated the power of combining various datasets for an improved decision making.  He noted that the cities are hubs of growth and innovation, and thus India’s ongoing urbanization should be appropriately leveraged. He observed further that since the industrial parks are affecting neighboring settlements, they should be catalysed for structural transformation.

The first technical session invited presentations from Shri. M. C. Gaur, Addl. Surveyor General (NZ), Survey of India; Shri. Ayago Wambile, Senior Economist, World Bank; Prof. Bappaditya Mukhopadhyay, Expert in Analytics, Great Lakes Institute of Management, New Delhi; and Shri. Ankur Bansal, Founder, GDi Partners. This session was moderated by Sh. P. R. Meshram, Director General (Data Governance), MoSPI.

Sh. Gaur from Survey of India, in his presentation, highlighted the relevance of linking statistical data to geospatial locations and making the same easily accessible to various data users. While Shri. Wambile from World Bank, spoke about different non-traditional data sources such as, scanner data, mobile phone data, etc that can be leveraged to supplement the official statistical data in the country. Prof Mukhopadhyay from Great Lakes Institute of Management, presented a specific use case of using satellite data to assess SDG at district and sub-district levels over time. Shri Bansal from GDi Partners thereafter, brought attention to objectives, challenges, and potential way forward of using non-traditional data sources along with illustrations of use of such data sets by NSOs across the world.

The second technical session invited presentations from Ms. Tanusree Deb Barma, Deputy Director General, UIDAI, M/o Electronics and Technology; Prof. Shalabh, Professor of Statistics & Data Science, IIT Kanpur; Shri Srinivasa Rao Sitiraju, DD, BGWSA, NRSC, Department of Space, ISRO; and Dr. Karan Nagpal, India Regional Director, IDinsight, New Delhi, India. The session was moderated by Ms. Geeta Singh Rathore, Director  General (NSS), MoSPI.

Ms. Tansuree from M/o Electronics and Technology, provided an overview of the Aadhar Ecosystem and presented areas where non-traditional data is being used for authentication of data, identification of bugs, etc. Further, Shri Sitiraju from ISRO, presented various types and aspects of Geospatial data being collected by ISRO and products built using them within the official data ecosystem. Dr. Shalabh from IIT Kanpur, thereafter, presented a specific use case of grievance redressal mechanism leveraging emerging technologies for deriving insights from grievance data collected by Government of India, while Dr. Nagpal from IDinsight presented various use cases of alternative datasets and their usages in generating macro indicators. He, specifically, discussed various usages in price data in official statistics.

The event has been attended by around 150 delegates, ranging representations from the central Ministries/Departments, UN agencies, Think Tanks, Independent organisations, and Universities and research institutions.

The deliberations of the brainstorming session would be a sine qua non for the data innovation involving tapping into alternative data gathered from new or non-conventional data sources and combining and enhancing existing data sources with that new data to gain additional insights.

One of the significant takeaways of the brainstorming session is that the digital revolution provides abundant opportunities to improve the way services are delivered, including harnessing valuable data and insights into products, services, and customer behaviors. Such data innovations are rapidly changing institutions and the data sources available to them. A well-designed intertwining of various data sources may provide better comprehension resulting into improved health care system,  Strong supply chains and logistics, Convenient travel, Smart farming, and a transparent FinTech ecosystem.

Further, it was discussed that the Ministries/Departments may use the alternative datasets for the real time monitoring and tracking the decision variables. In addition, it also emerged that the Ministries/Departments may make available Alternative/Administrative datasets to various stakeholders so that their integration with Census/Survey data may become possible.  Besides, it emerged that there should be concerted efforts of all the stakeholders for creation of enabling environment so that all possible data sources, Conventional and Non-Conventional are used for decision making.  

 

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