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    Assam Exports First International Consignment of Purabi Ice Cream to Bhutan
    Building Deep and Resilient Financial Markets for a Viksit Bharat - Keynote Address delivered by Shri Rohit Jain, Deputy Governor at the Financial Ins...
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    July 29, 2026
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    Processed dairy exports to Bhutan expand through compliance support, market access facilitation, and planned diversification of longer-shelf-life products.
    Processed dairy exports from Assam to Bhutan commenced with a Purabi Ice Cream consignment exported by North East Dairy and Foods Limited and manufactured through Assam's cooperative dairy network. The Agricultural and Processed Food Products Export Development Authority supported export documentation, regulatory compliance, market access and stakeholder coordination. The initiative seeks to expand value-added dairy exports from the North Eastern Region, with plans to introduce longer-shelf-life products and increase exports according to market demand.
    July 29, 2026
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    Financial-market depth requires reliable liquidity, risk transfer, transparent products and shared institutional responsibility for resilient long-term financing.
    Financial-market depth requires reliable liquidity and price discovery, efficient risk distribution, and diverse, meaningful participation across market conditions. Government and corporate bond markets, money markets, and foreign exchange and derivative markets should channel long-term savings into investment and enable management of interest-rate, currency and credit risks. Product innovation must serve genuine needs and be supported by suitability assessments, transparent disclosure, fair pricing, independent valuation and user risk-management capacity. Regulators, market institutions, issuers, investors and infrastructure providers share responsibility for resilient, transparent and trusted markets.
    July 29, 2026
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    Securitisation Note amendments seek stronger issuance efficiency, liquidity and transparency, with stakeholder consultation invited on proposed directions.
    Draft amendments to securitisation transaction directions seek to improve the efficiency, liquidity and transparency of issuing and subsequently transferring Securitisation Notes. The proposals apply to commercial banks, small finance banks, non-banking financial companies and all India financial institutions. Public and stakeholder comments are invited through the designated regulatory consultation platform or alternatively by post or email.
    July 29, 2026
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    Rupee appreciation reflected weaker dollar conditions, equity inflows, crude oil movements and positive domestic market sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar. A weaker US dollar, lower crude oil prices relative to earlier levels, positive domestic equity sentiment, and foreign institutional investors' net purchase of Indian equities were identified as key influences. The dollar index weakened ahead of a monetary policy announcement, while crude prices rose amid renewed geopolitical tensions. Domestic benchmark equity indices also advanced in early trade.
    July 29, 2026
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    Input Tax Credit unblocking allegedly involved illegal gratification, prompting a trap operation and apprehension of the officer and consultant.
    Alleged bribery connected with unblocking Input Tax Credit arose after an electronics trader received a show-cause notice and had its ITC blocked. A private tax consultant allegedly conveyed that a State GST officer demanded illegal gratification for unblocking the credit and encouraged the trader to settle the demand. Following a complaint, a trap operation allegedly led to the apprehension of the officer and consultant, with further legal action in progress.
    July 29, 2026
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    Defence production licensing and Russian energy sanctions shaped discussions on Ukraine's security capacity, missile supply and diplomatic engagement.
    Ukraine-US discussions addressed licences for domestic Patriot defence-system production, wider defence-production cooperation, technology exchange and missile supply funded through European resources. Ukraine also sought support for a sanctions bill designed to increase economic pressure on Russia by imposing tariffs on goods from major purchasers of Russian oil and gas and by sanctioning Russian leaders, financial institutions and energy projects. The proposed defence-production licence was identified as a longer-term measure, alongside calls for renewed diplomatic engagement.
    July 29, 2026
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    Cooperative-sector modernisation strengthens rural finance through expanded credit societies, online audits, institutional connectivity and technology-enabled cooperative banking.
    Cooperative-sector modernisation is presented as a mechanism for strengthening rural institutions, farmer prosperity and the rural economy. The separate Ministry of Cooperation provides an administrative, legal and policy framework for the cooperative movement. Key initiatives include establishing new primary agricultural credit societies and dairy cooperative societies, expanding business activities for primary agricultural credit societies, online auditing, and connecting cooperative institutions. District cooperative banks are described as important institutions for meeting the financial requirements of expanding service and dairy cooperative societies.
    July 28, 2026
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    Direct containerised rail freight movement enables seamless Kolkata Port-to-Biratnagar cargo transport without border transshipment under revised transit arrangements.
    Direct containerised rail freight movement between Kolkata Port and Biratnagar Customs Yard has commenced under the revised India-Nepal Rail Transit Protocol. The service enables end-to-end commercial rail carriage without border transshipment through the Jogbani-Biratnagar broad-gauge connection. Implementation of the revised Letter of Exchange operationalises direct commercial rail access, intended to reduce transit time, logistics costs and cargo handling while improving supply-chain efficiency, reliability and cross-border trade.
    July 28, 2026
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    State governance reforms expand housing relief, local audits, MSME support, property records, welfare measures and clean-vehicle tax incentives.
    The reforms provide concessional stamp duty and registration charges for eligible Economically Weaker Section housing beneficiaries, a statutory local-audit framework, and incentives for MSMEs and exports. They also establish rules for ownership records in Lal Dora areas and introduce a formula-based urban property-tax assessment framework with exemptions. Welfare measures cover compensation for specified unnatural custodial deaths, ex-Agniveer reservation, and compassionate appointments. Motor-vehicle tax measures provide a rebate for qualifying vehicles registered in women's names and exemptions for new electric vehicles.
    July 28, 2026
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    Investigation into alleged fund diversion faced scrutiny as agencies were required to disclose progress and decide on regular cases.
    Investigation into alleged dubious transactions and fund diversion involving Indiabulls Housing Finance Limited remained under scrutiny because investigating agencies did not provide an updated status or take a final decision on registration of regular cases. The Central Bureau of Investigation and Delhi Police Economic Offences Wing were required to file a comprehensive affidavit and status report. The allegations concern loans allegedly routed through corporate entities to promoter-linked companies, alongside inquiries involving financial, corporate-fraud and market-regulatory agencies.
    July 28, 2026
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    MSME payment-delay reforms propose faster dispute resolution, enforceable settlement recovery, and invoice discounting to strengthen supplier liquidity.
    The proposed amendment strengthens delayed-payment dispute resolution for micro and small enterprise suppliers through prescribed adjudication timelines and possible interim payment of at least half the awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and are proposed to be legally enforceable debts under the insolvency framework. Central public sector enterprises would be required to route MSME invoice settlements through the Trade Receivables Discounting System.
    July 28, 2026
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    Regional rural bank oversight strengthens financial performance, technology adoption, diversified lending and financial inclusion in remote communities.
    Regional Rural Banks are regularly reviewed for financial performance, technology upgradation, MSME lending, loan diversification and financial inclusion in rural and remote areas. Their financial health improved over recent years, with growth in deposits, loans, credit-deposit ratio, net worth and capital adequacy, alongside improved asset-quality indicators. Financial-inclusion targets for bank-account access, micro-credit, insurance and pension schemes are set and periodically monitored to extend formal financial services.
    July 28, 2026
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    Emergency credit guarantee support addresses business liquidity mismatches while public sector banks report stronger asset quality and sectoral lending growth.
    Public sector banks reported improved balance-sheet health, rising business and lending, higher profits, stronger capital adequacy, and lower gross non-performing assets through FY 2025-26. Credit expanded across retail, agriculture, MSME, and infrastructure segments. Emergency Credit Line Guarantee Scheme 5.0 provides guarantee coverage to member lending institutions for eligible additional credit facilities addressing short-term liquidity mismatches, with full coverage for MSMEs and differentiated coverage for non-MSMEs and scheduled passenger airlines. Airline assistance is linked to peak credit outstanding and may require proportionate promoter or owner equity contribution above the applicable threshold.
    July 28, 2026
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    Toy quality regulation and export support strengthen domestic manufacturing, safety compliance, market access, and competitiveness in the Indian toy sector.
    Toy-sector measures combine quality regulation, import-duty changes, domestic manufacturing support, export facilitation, and promotional initiatives. The National Action Plan for Toys covers toy design, learning-oriented toys, quality monitoring, restrictions on unsafe imports, indigenous clusters, and domestic production. A Quality Control Order and BIS licensing framework support compliance with toy-safety standards. Cluster assistance, startup recognition, export-duty remission support, and zero-duty market access under specified trade agreements seek to strengthen competitiveness, while stated measures are associated with improved quality conformity, lower imports, and increased exports.
    July 28, 2026
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    Preferential market access under free trade agreements supports export diversification, labour-intensive sectors, and exporter use of tariff concessions.
    India's FTA framework is used to promote preferential tariff utilisation, export diversification and expanded market access. The Government monitors recently operationalised agreements through Certificates of Origin and partner-country trade data. Agreements with the UAE, Australia, Mauritius, Oman and EFTA are associated with increased product-line coverage, tariff preference utilisation and export opportunities. Labour-intensive sectors receive priority through preferential access, while calibrated tariff liberalisation and transition arrangements seek to protect sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal support exporters with market intelligence, rules of origin guidance, trade data and export-performance monitoring.
    July 28, 2026
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    Preferential Market Access under free trade agreements supports export diversification, labour-intensive sectors, tariff utilisation and data-driven trade facilitation.
    Preferential tariff utilisation under recently operationalised trade agreements is monitored through Certificates of Origin and partner-country trade data. Increased certificate issuance and expansion in exported HS-level tariff lines are treated as indicators of export diversification and market penetration. Labour-intensive sectors receive improved market-access opportunities under FTAs, while calibrated tariff liberalisation and transition arrangements preserve policy space for sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal provide exporters and policymakers with market intelligence, Rules of Origin guidance, FTA advisory services and trade-performance analytics.
    July 28, 2026
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    Sports-quota government recruitment recognised medal-winning student-athletes for public employment across defence, policing, railways and other government institutions.
    Sports-quota recruitment enabled medal-winning student-athletes to obtain government employment on the basis of sporting performances at state, national and international levels. Appointments covered armed forces, central armed police and paramilitary organisations, railways, police, the Income Tax Department, a public-sector bank, sports departments and other government institutions. The described sports framework provides scholarships, coaching, infrastructure, dietary support, travel, accommodation, equipment and selection-oriented physical, mental and personality-development training.
    July 28, 2026
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    Sugar stock controls require dealers to limit inventory duration and quantity, declare holdings, and curb speculative buying.
    Sugar dealers may not retain stock beyond thirty days from receipt or hold sugar above 4,000 quintals at any time or place. Government-account stocks and authorised Public Distribution System stocks are excluded. State Governments and Union territory administrations may prescribe limits only within the national ceiling and holding period. Dealers must declare and regularly update stock positions on the designated portal. The temporary restrictions are intended to maintain domestic availability, discourage speculative buying and contain sugar prices.
    July 28, 2026
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    Credit Profile Management requires timely repayments, controlled utilisation, selective borrowing and prompt correction of credit-report inaccuracies.
    A healthy credit profile depends on timely repayment of EMIs and credit-card dues, controlled credit utilisation and selective applications for new credit. Missed payments, sustained high utilisation and multiple hard enquiries may affect credit health and lender assessment. Individuals should periodically review credit reports for inaccurate personal details, closed loans recorded as active, missing repayment updates, duplicate loan entries or incorrect payment status, and promptly seek correction of discrepancies. Regular monitoring of credit score, repayment history, active accounts and enquiries supports informed credit-management decisions.
    July 28, 2026
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    Gold loan repayment structures require borrowers to weigh EMI interest savings against bullet repayment cash-flow flexibility and maturity obligations.
    Gold loans may be repaid through EMIs, which reduce principal and interest through periodic instalments, or through Bullet Repayment, which defers principal and accrued interest until maturity. The stated framework imposes tiered loan-to-value limits and caps consumption-purpose bullet loans at 12 months, with bullet-loan collateral assessment including projected interest. EMI repayment may reduce overall interest cost for borrowers with predictable income, while bullet repayment may preserve cash flow for borrowers expecting a defined future inflow. Borrowers should compare costs and review the Key Fact Statement before choosing a structure.

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      Operation Sindoor not over yet, it showed world indigenous weapons' power: PM Modi

      May 30, 2025

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      Kanpur (UP), May 30 (PTI) India demonstrated the power of its indigenous weapons during Operation Sindoor which made "Pakistan plead to stop the war", Prime Minister Narendra Modi said on Friday and warned the action was "not over yet".

      During his visit here to inaugurate and lay the foundation stones for 15 development projects worth over Rs 47,600 crore, the PM addressed a rally and said he was to attend the programme on April 24 but had to cancel it due to the Pahalgam terror attack two days prior.

      As many as 26 people, including Kanpur businessman Shubham Dwivedi, died in the dastardly terror attack at the verdant meadows of Baisaran in Jammu and Kashmir's Pahalgam.

      In retaliatory action, India struck terror infrastructure in Pakistan and Pakistan-occupied Kashmir two weeks later, which triggered a four-day military standoff with the neighbouring country.

      The prime minister began his speech by referring to the Pahalgam massacre and said, "Kanpur's son Shubham Dwivedi also became a victim of that barbarity." "We all can feel the pain, suffering and anger of our daughter Aishanya (Shubham's widow). The world witnessed the same anger of our sisters and daughters in the form of Operation Sindoor." "Operation Sindoor is not over yet. It showed the world power of indigenous weapons and Make in India. We destroyed terrorist hideouts in Pakistan by going hundreds of miles inside. Indian weapons, Brahmos missiles entered enemy territory and wreaked havoc," Modi told the rally.

      He said the heroics of the Indian armed forces forced the Pakistani Army to "plead to stop the war" and asserted that India would no longer be intimidated by the threat of the nuclear bomb nor would it make a decision on that basis.

      Saluting the bravery of the armed forces' personnel, the prime minister reiterated India's uncompromising stance against terrorism.

      "The enemy, who was pleading during Operation Sindoor, should not be under any illusion, Operation Sindoor has not ended yet," Modi said and added that Pakistan's ploy of state and non-state actors was not going to work anymore.

      With his remark drawing cheers from the crowd, the prime minister sought to strike a chord of local sentiments by saying, "If I say in simple Kanpuriya language, the enemy will be struck down ('haunk diya jaayegaa') wherever it is." Laying out India's three principles in the fight against terror, Modi said, "First, India will give a befitting reply to every terrorist attack with the timing, manner, and the condition of the reply to be decided by our armies themselves." "Second, India will no longer be scared of the threat of atom bombs nor would it make a decision on that basis. And third, India will see the masters of terror and the government patronising terror in the same light." Highlighting India's growing defence capabilities, the prime minister said, "Our Indian weapons, the BrahMos missile entered the enemy's territory and wreaked havoc. They blasted wherever they targeted. We have got this power from the resolve of Aatmanirbhar Bharat." Turning to Kanpur's development, he emphasised the city was playing a pivotal role in India's defence manufacturing growth.

      "There is an old ordnance factory in Kanpur. We have converted seven such ordnance factories into big modern companies. The Kanpur node of the defence corridor is a big centre of Aatmanirbhar Bharat in the defence sector." "Big companies in the defence sector are coming here. The production of AK 203 rifles has begun in Amethi. The new address of BrahMos missile that did not let the enemies sleep during Operation Sindoor is Uttar Pradesh," Modi said.

      The PM promised employment opportunities, large-scale investments, and renewed industrial growth in Kanpur and said, "Taking Uttar Pradesh and Kanpur to newer heights of development is the first priority of this double-engine government." "The old glory of Kanpur will return again," he declared.

      Slamming the previous dispensations in the state for "ignoring" industrial development, Modi said, "Industries kept migrating from Kanpur. The dynasty-oriented ('Parvarvadi') government kept its eyes closed. The result was that not only Kanpur but the entire Uttar Pradesh lagged behind." About Metro expansion in the city, he said, "Kanpur Metro is the proof of the fact that if there is a government with right intentions, strong willpower and good intentions, then the development of the state is possible." He referenced improvements in road and rail infrastructure, the modernisation of the Kanpur Central Station and the construction of an elevated rail corridor to ease traffic and pollution to bolster his point.

      "The Kanpur Central railway station will get a modern and world-class look like an airport very shortly," the prime minister said while informing the rally that more than 150 railway stations in Uttar Pradesh were being upgraded under the Amrit Bharat scheme.

      Underlining Uttar Pradesh's rise, Modi noted that the state now has the highest number of international airports in the country. "We are making Uttar Pradesh a state of industrial possibilities." He said self-sufficiency in energy and strong infrastructure are key to Uttar Pradesh's industrial growth. He inaugurated several power projects, including the 660 MW Panki, 660 MW Neyveli, 1320 MW Jawaharpur, 660 MW Obra-C, and 660 MW Khurja plants, terming them a major step toward meeting the state's power needs.

      Mentioning welfare measures such as the distribution of Ayushman Vay Vandana Cards for free medical care for the elderly, Modi said these efforts reflect the government's commitment to Kanpur and the state's development.

      About infrastructure, he said UP has moved beyond pothole-filled roads to a state known for its expressways and announced the Kanpur-Lucknow Expressway will reduce travel time to 40-45 minutes with new links to the Purvanchal and Ganga Expressways.

      He also announced Rs 1,000 crore for an elevated rail corridor to ease congestion and save time.

      About the MSME sector, he said earlier definitions discouraged growth, but revised norms and new budget provisions now support expansion. He noted past credit challenges are being addressed through schemes like Mudra Yojana and the Credit Guarantee Scheme.

      MSME loan guarantees have been raised to Rs 20 crore, and credit cards with limits up to Rs 5 lakh are being provided, Modi said.

      "In this budget, we have made income up to Rs 12 lakh completely tax-free. This has given new confidence to crores of middle-class families," he said.

      Concluding his speech, the prime minister said, "We will leave no stone unturned in working hard to take the country and Uttar Pradesh to new heights." Earlier in the day, the prime minister met the family members of Shubham Dwivedi at the Chakeri airport here. PTI CDN NAV MAN NSD NSD

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