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August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
August 19, 2026
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Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
August 19, 2026
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MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
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Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
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Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
August 19, 2026
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Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
August 19, 2026
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Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
August 19, 2026
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Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
August 19, 2026
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Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
August 19, 2026
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International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
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Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
August 19, 2026
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Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
August 19, 2026
Show AI Summary
AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
August 19, 2026
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Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
August 19, 2026
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Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
August 19, 2026
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Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
August 19, 2026
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Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.

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BJP-led Delhi govt presents Rs 1-lakh-cr budget with focus on Yamuna cleaning, women empowerment

March 25, 2025

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New Delhi, Mar 25 (PTI) Chief Minister Rekha Gupta on Tuesday presented a Rs 1 lakh crore Budget for 2025-26 with 10 focus areas, including Yamuna cleaning, women empowerment, infrastructure development, water, smart governance and seamless connectivity, while terming it a roadmap for "Viksit Delhi".

The education sector got the highest allocation of Rs 19,291 crore, up by 19.29 per cent from the previous budget, followed by health with Rs 12,893 crore and transport with Rs 12,952 crore.

In her 138-minute speech, Gupta also focused on infrastructure development projects, announcing that the BJP-led Delhi government has doubled capital expenditure to Rs 28,000 crore in the 2025-26 Budget.

The total Budget outlay for 2025-26 marks a 31.5 per cent increase from the previous year. To combat pollution in Delhi, Rs 300 crore has been set aside by the BJP government.

The chief minister, who also holds the finance portfolio, announced a comprehensive Rs 1,500-crore plan to clean the Yamuna River and improve Delhi's sewage infrastructure, marking an ambitious river rejuvenation effort in the national capital.

The plan includes the construction of 40 decentralised sewage treatment plants (STPs), modernisation of existing STPs, and investment in advanced machinery to tackle waste and pollution.

The Delhi government will set up 100 Atal Canteens across the national capital, allocating Rs 100 crore to fund the project.

Shifting of Tihar Jail to a new location, education hub in Narela, two new medical colleges, setting up of a modern cow shelter, pilot project for eliminating overhead electric wires, free laptops for 1,200 students passing Class X, welfare boards for gig workers and auto-taxi drivers, new industrial policy and global investment summit are among the key initiatives announced in the Budget.

The government will also establish "Integrated Command and Control Center (ICCC)" for real-time monitoring of various environmental parameters like air quality, water quality, noise levels and waste management, among others.

Presenting the Budget in the assembly, Gupta quoted the 19th-century legendary poet Mirza Ghalib, underscoring the city's importance, "Ek roz apni rooh se pucha ki Dilli kya hai, toh yun jawaab mein keh gayi, yeh duniya maano jism hai aur Dilli uski jaan." (One day I asked my soul what Delhi is, so I replied, This world is like a body, and Delhi is its soul.).

To empower women and enhance their safety, the Delhi government announced a host of welfare schemes, including a monthly honorarium of Rs 2,500, installation of 50,000 CCTV cameras, introduction of Pink PCR (all-female police assistance) units and financial aid of Rs 21,000 for expecting mothers.

She said that the government would launch the Mahila Samridhi Yojana (MSY) with an allocation of Rs 5,100 crore.

To curb alleged corruption in the free-bus ride scheme for women, the government will also replace pink tickets with smart cards.

The chief minister called the maiden Budget of the BJP-led Delhi government "historic", emphasising that the era of "corruption and inefficiency" was over.

This is the first Budget presented by a BJP-led government in Delhi in over 26 years, following the party's victory over the Aam Aadmi Party (AAP) in last month's Assembly elections.

Gupta said that the Budget is the first step to develop the national capital. "Delhi went down in every aspect of development in the past decade. The previous government ruined the economic health of the national capital like termites," she said.

She attacked the Arvind Kejriwal-led AAP that ruled Delhi for 10 years for allegedly neglecting basic amenities in slum clusters of the city while building a "Sheesh Mahal".

The chief minister also took a jibe at the opposition AAP MLAs in the Assembly, by saying in a lighter vein that the "Sheesh Mahal" will be included in the tourist circuit of Delhi for people to visit it.

Taking a dig at the AAP, Gupta recited lines of renowned poet Bashir Badr, "Dil ki basti puraani dilli hai, jo bhi guzra hai, usne lootaa hai" (The locality of my heart is old Delhi, whoever has passed through, has looted it).

Meanwhile, Leader of Opposition Atishi slammed the Delhi budget, calling it a "hawa hawai budget" and labelling it "baseless and unrealistic".

She accused the BJP of slashing key allocations to essential sectors like education, health, and municipal services, saying the budget reveals the government's "intent to weaken public services".

"For the first time in 10 years, the education budget has fallen below 20 per cent, showing their agenda to destroy government schools. Health spending has also been cut to 13 per cent - the lowest in a decade - to dismantle free treatment services for the poor," she said.

According to budget documents, capital expenditure has been proposed at Rs 28,115.48 crore in 2025-26 against budget estimates of Rs 15,089.25 crore in the last year.

The chief minister tabled in the Assembly a budget of Rs 1 lakh crore for 2025-26 which will primarily be funded through tax revenue of Rs 68,700 crore, non-tax revenue, grant-in aids from the Centre and other sources.

The tax revenue will comprise Rs 41,000 crore from GST collection, Rs 8,000 crore from VAT, Rs 9,000 crore from stamp and registration fees, Rs 7,000 crore from state excise and Rs 3,700 crore from taxes on vehicles.

In a key infrastructural move, the Delhi government has set aside Rs 6,897 crore for the Municipal Corporation of Delhi.

The chief minister said that there is a plan to enhance the court infrastructure by adding 200 more courtrooms to the existing 690 court halls in Delhi, especially at Shastri Park, Karkardooma and Rohini, for which a budget provision of Rs 490 crore has been made.

A major focus has also been placed on clean drinking water and sanitation, with Rs 9,000 crore allocated for related projects.

The Delhi government has allocated Rs 1,000 crore for improved transport links connecting NCR, and a total outlay of Rs 12,952 crore for the transport sector.

Gupta announced that the government aims to make Delhi an investment- and innovation-friendly city. To achieve this, a new industrial policy and a new warehouse policy will be introduced. A Traders' Welfare Board will also be established.

Furthermore, Delhi will host its first-ever 'Global Investment Summit', which will be held every two years. To support small-scale industries, Rs 50 crore has been earmarked for skill development programs, including bee-keeping.

In a major cultural initiative, the Delhi government will host an 'International Film Festival' with a budget allocation of Rs 30 crore. The government has also allocated Rs 696 crore for the development in slum clusters.

The budget also proposed creation of 'Chief Minister Development Fund', with a provision of Rs 1,400 crore for fund allocation to developmental projects and complementing the efforts already made under other schemes and initiatives of the government. PTI MHS VIT NSM SHB BM BUN BAL MR

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