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    Innovation, Startups, MSMEs and Quality Manufacturing are Pillars of India's Future Growth: Shri Piyush Goyal at 22nd J.R.D. Tata Memorial Lecture
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    India's Toy Exports Soar 89.1%, Reflecting Strong Growth in Domestic Manufacturing
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    July 30, 2026
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    Innovation-led industrial growth promotes deep-tech investment, startup commercialisation, technology-enabled MSMEs, quality manufacturing and global market expansion.
    Innovation-led industrial growth is linked to deep technology, research and development, skilled manpower, startups, MSMEs and globally competitive manufacturing. Public initiatives include long-term risk capital for emerging technologies, affordable computing capacity and semiconductor investment support. Startups are encouraged to move from prototypes to commercialisation through industry adoption and early domestic investment. Manufacturing and MSME policy emphasise technology adoption, automation, productivity, branding and uncompromising quality. Free Trade Agreements are presented as supporting global market access and export expansion.
    July 29, 2026
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    Fraudulent Aadhaar enrolment allegations involve forged supporting documents, misuse of operator credentials, remote access, and continuing investigation.
    Forgery of Indian identity and supporting documents is alleged in an interstate racket using false birth, domicile and school certificates to obtain Aadhaar cards for foreign nationals. The racket allegedly misused authorised Aadhaar enrolment operator login credentials and used virtual private networks and remote access to enrol applicants. The alleged mastermind was arrested, and investigation, including proposed custodial interrogation, remains ongoing.
    July 29, 2026
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    Citizenship proof requires more than identity, tax, electoral or banking records when nationality remains unestablished.
    Voter identity cards, Aadhaar cards, PAN cards and bank-account records were treated as non-conclusive proof of Indian citizenship. The petitioner and detainee were required to establish citizenship under the Immigration and Foreigners Act, 2025, and an appeal against deletion from electoral rolls did not itself satisfy that burden. The inability to identify the burial locations of the detainee's parents prevented proposed DNA-based verification and supported an adverse inference concerning their citizenship.
    July 29, 2026
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    Corporate Mitra Scheme builds local compliance professionals to strengthen MSME regulatory, financial, taxation, accounting and governance support.
    The Corporate Mitra Scheme develops qualified and accredited para-professionals to provide MSMEs with accessible, affordable compliance and business-support services. Corporate Mitras are intended to assist enterprises with regulatory compliance, finance, taxation, accounting and governance-related requirements, enabling MSMEs to focus on innovation, expansion and growth. IICA Shillong serves as the nodal agency for Northeast regional coordination, stakeholder liaison, promotion and awareness, with regional participation encouraged through reserved course seats and a fee concession.
    July 29, 2026
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    Amalgamation of Go Digit Infoworks with Go Digit General Insurance approved, with the general insurer continuing as surviving entity.
    The Competition Commission of India approved the amalgamation of Go Digit Infoworks Services Private Limited, the holding company of Go Digit General Insurance Limited, with Go Digit General Insurance Limited as the surviving entity. Infoworks has no present market-facing business activities. Go Digit General provides general and health insurance products and services in India, with a specialised focus on general insurance.
    July 29, 2026
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    Competition approval enables Brookfield's indirect acquisition of Oaktree entities, combining alternative investment management businesses.
    Competition approval was granted for Brookfield Asset Management Ltd. to indirectly acquire units in Oaktree Capital Group Holdings, L.P. and Oaktree Equity Plan, L.P., resulting in the acquisition of the Oaktree operating group of entities. Brookfield Asset Management is a global alternative asset manager, while the Oaktree group provides alternative investment management services.
    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.
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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.
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    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.
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    Defence production licensing and Russian energy sanctions shaped discussions on Ukraine's security capacity, missile supply and diplomatic engagement.
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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.

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      President Donald Trump pushes ahead with his maximalist immigration campaign in face of LA protests

      June 10, 2025

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      Washington, Jun 10 (AP) Donald Trump made no secret of his willingness to exert a maximalist approach to enforcing immigration laws and keeping order as he campaigned to return to the White House. The fulfillment of that pledge is now on full display in Los Angeles.

      The president has put hundreds of National Guard troops on the streets to quell protests over his administration's immigration raids, a deployment that state and city officials say has only inflamed tensions. Trump called up the California National Guard over the objections of Democratic Governor Gavin Newsom — the first time in 60 years a president has done so — and is deploying active-duty troops to support the guard.

      By overriding Newsom, Trump is already going beyond what he did to respond to Black Lives Matter protests in 2020, when he warned he could send troops to contain demonstrations that turned violent if governors in the states did not act to do so themselves. Trump said in September of that year that he "can't call in the National Guard unless we're requested by a governor" and that "we have to go by the laws." But now, the past and current president is moving swiftly, with little internal restraint to test the bounds of his executive authority in order to deliver on his promise of mass deportations. What remains to be seen is whether Americans will stand by him once it's operationalised nationwide, as Trump looks to secure billions from Congress to dramatically expand the country's detention and deportation operations.

      For now, Trump is betting that they will.

      "If we didn't do the job, that place would be burning down," Trump told reporters Monday, speaking about California. "I feel we had no choice. ... I don't want to see what happened so many times in this country." A crisis of Trump's own making The protests began to unfold on Friday as federal authorities arrested immigrants in several locations throughout the sprawling city, including in the fashion district of Los Angeles and at a Home Depot. The anger over the administration's actions quickly spread, with protests in Chicago and Boston as demonstrations in the southern California city also continued on Monday.

      But Trump and other administration officials remained unbowed, capitalising on the images of burning cars, graffiti and Mexican flags — which, while not dominant, started to become the defining images of the unrest — to bolster their law-and-order cause.

      Leaders in the country's most populous state were similarly defiant.

      California officials moved on Monday to sue the Trump administration, with the state's attorney general, Rob Bonta, arguing that the deployment of troops "trampled" on the state's sovereignty and pushing for a restraining order. The initial deployment of 300 National Guard troops was expected to quickly expand to the full 2,000 that were authorised by Trump.

      The state's senior Democratic senator, Alex Padilla, said in an interview that "this is absolutely a crisis of Trump's own making." "There are a lot of people who are passionate about speaking up for fundamental rights and respecting due process, but the deployment of National Guard only serves to escalate tensions and the situation," Padilla told The Associated Press. "It's exactly what Donald Trump wanted to do." Padilla slammed the deployment as "counterproductive" and said the Los Angeles Sheriff's Department was not advised ahead of the federalisation of the National Guard. His office has also pushed the Pentagon for a justification on the deployment, and "as far as we're told, the Department of Defense isn't sure what the mission is here," Padilla added.

      Candidate Trump previewed immigration strategy during campaign Much of this was predictable.

      During his 2024 presidential campaign, Trump pledged to conduct the largest domestic deportation operation in American history to expel millions of immigrants in the country without legal status. He often praised President Dwight D Eisenhower's military-style immigration raids, and the candidate and his advisers suggested they would have broad power to deploy troops domestically to enact Trump's far-reaching immigration and public safety goals.

      Trump's speedy deployment in California of troops against those whom the president has alluded to as "insurrectionists" on social media is a sharp contrast to his decision to issue no order or formal request for National Guard troops during the insurrection at the US Capitol on January 6, 2021, despite his repeated and false assertions that he had made such an offer.

      Trump is now surrounded by officials who have no interest in constraining his power. In 2020, Trump's then-Pentagon chief publicly rebuked Trump's threat to send in troops using the Insurrection Act, an 1807 law that empowers the president to use the military within the US and against American citizens.

      Current Defence Secretary Pete Hegseth signalled support on his personal X account for deploying troops to California, writing, "The National Guard, and Marines if need be, stand with ICE," referring to the US Immigration and Customs Enforcement agency.

      The Defence Department said on Monday it is deploying about 700 active-duty Marines to Los Angeles to support National Guard troops already on the ground to respond to the protests.

      White House responds to an incompetent' governor Protesters over the weekend blocked off a major freeway and burned self-driving cars as police responded with tear gas, rubber bullets and flash-bang grenades in clashes that encompassed several downtown blocks in Los Angeles and led to several dozen arrests. Much of the city saw no violence.

      But the protests prompted Trump to issue the directive Saturday mobilising the California National Guard over Newsom's objections. The president and his top immigration aides accused the governor of mismanaging the protests, with border czar Tom Homan asserting in a Fox News interview on Monday that Newsom stoked anti-ICE sentiments and waited two days to declare unlawful assembly in the city.

      Trump told Newsom in a phone call on Friday evening to get the situation in Los Angeles under control, a White House official said. It was only when the administration felt Newsom was not restoring order in the city — and after Trump watched the situation escalate for 24 hours and White House officials saw imagery of federal law enforcement officers with lacerations and other injuries — that the president moved to deploy the Guard, according to the official, who was granted anonymity to discuss private deliberations.

      "He's an incompetent governor," Trump said on Monday. "Look at the job he's doing in California. He's destroying one of our great states." Local law enforcement officials said Los Angeles police responded as quickly as they could once the protests erupted, and Newsom repeatedly asserted that state and city authorities had the situation under control.

      "Los Angeles is no stranger to demonstrations and protests and rallies and marches," Padilla said. "Local law enforcement knows how to handle this and has a rapport with the community and community leaders to be able to allow for that." The aggressive moves prompted blowback from some of Trump's erstwhile allies. Ileana Garcia, a Florida state senator who in 2016 founded the group Latinas for Trump and was hired to direct Latino outreach, called the recent escalation "unacceptable and inhumane." "I understand the importance of deporting criminal aliens, but what we are witnessing are arbitrary measures to hunt down people who are complying with their immigration hearings — in many cases, with credible fear of persecution claims — all driven by a Miller-like desire to satisfy a self-fabricated deportation goal," said Garcia, referring to Stephen Miller, a White House deputy chief of staff and key architect of Trump's immigration crackdown.

      The tactics could be just a preview to what more could come from the Trump administration and the Republican-controlled Congress. GOP lawmakers are working to pass a massive tax-and-border package that includes billions to hire thousands of new officers for Border Patrol and for ICE. The goal, under the Trump-backed plan, is to remove 1 million immigrants without status annually and house 100,000 people in immigration detention centres. (AP) RUK RUK

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