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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.
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.
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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.
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July 28, 2026
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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.
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Investigation into alleged fund diversion faced scrutiny as agencies were required to disclose progress and decide on regular cases.
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Toy quality regulation and export support strengthen domestic manufacturing, safety compliance, market access, and competitiveness in the Indian toy sector.
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Preferential market access under free trade agreements supports export diversification, labour-intensive sectors, and exporter use of tariff concessions.
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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.

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Customs, DGFT & SEZ

Railway Minister Inaugurates International Seminar on High Speed Trains Need for Developing an Appropriate Financial Model for High Speed Train SERVICES which is Truly inclusive and A win-win for All Stakeholders: Pawan Kumar Bansal

February 1, 2013

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Press Information Bureau

Government of India

Ministry of Railways

01-February-2013 17:05 IST

The Minister of Railways Shri Pawan Kumar Bansal inaugurated a two day ‘International Seminar’ on “High Speed Trains in India-Issues & Options” being organised by Institute of Railway Electrical Engineers (IREE), here today. The Minister of State for Railways Shri Adhir Ranjan Chowdhury and Chairman, Railway Board, Shri Vinay Mittal were present on the occasion.

Speaking on the occasion, the Minister of Railways Shri Pawan Kumar Bansal said that in view of growing economy there is a need to constantly improve infrastructure and address the issues of mobility of people. It is necessary to keep pace with the latest developments taking place world over in Railway sector and technology. Referring to his own experience of high-speed train travel in Japan, Korea and France, the Minister said it is high time to think of such rail projects in India as well. The rapid urbanization, growing economy, rising level of educated work force and higher levels of income margins has caused greater growth in intercity travel both for business and personal reasons. Hence, high speed train services may be required to fulfill the demand gap for faster intercity and inter-regional movement of passenger traffic.

The Minister pointed out that six corridors have been identified for techno-economic feasibility studies. The pre-feasibility reports, in respect of these identified corridors are at various stages of preparation and study. Government has already identified Mumbai-Ahmedabad high speed corridor, as the pilot project of this kind. A Project Steering Group has been constituted which is examining the options available for this project and finalizing feasible options and also suggesting mechanisms for quickly moving forward. He said that this project needs an estimated Rs. 63,000 crore of investment and it is really a challenging task and the experts will have to work on a financial model which will be win–win situation for all stakeholders. While these high speed services are premium services but in the Indian context a model needs to be worked out which makes it more affordable to bulk of the customers so that the introduction of high speed rail system in India becomes truly inclusive.

The Railway Minister hoped that the Seminar with the participation from national and international experts will yield useful recommendations and discuss all relevant issues and all options available on the subject of high speed train services especially in the Indian context. Shri Pawan Kumar Bansal also inaugurated an exhibition organised by IREE on the occasion.

Speaking on the occasion, the Minister of State for Railways Shri Adhir Ranjan Chowdhury said that Indian Railway has undertaken a massive journey from the steam engine era to electric engine era and has introduced many modern technological developments in its operations. In view of growth in traffic and economy and the consequent demand for faster inter city travel, there is now need to introduce high-speed train services. In this context six corridors have so far been identified by Indian Railways for high-speed trains and the Government has now taken Mumbai-Ahemdabad high speed corridor in the first phase. Shri Chowdhury said that there could be more high-speed corridors in this vast country which may be identified and the 12th Plan has also included high-speed projects. He said that this Seminar will through up precious inputs in this field and yield significant results which will pave the way for implementing high-speed train services in India.

Chairman, Railway Board, Shri Vinay Mittal said that from the beginning made by the Japanese with the Tokaido-Shinkansen High Speed Line, we have come a long way with now 15 countries where High Speed trains of 300 kmph and more are running. Seven more countries are under advance stage of planning to introduce High Speed trains. Indian Railways have also identified some Corridors and commenced some pre-feasibility studies. Referring to the advantages of high-speed trains Shri Mittal said that the economic and social impacts of High Speed rail have been well documented world over. He pointed out that these trains have improved accessibility, resulted in substantial savings of time and thereby enhancing productivity, attracted new economic activities, resulted in better land use, reduction in accident rate and generating additional capacity for railway systems. There is now a need to develop an appropriate financial model which enhances the expansion of such trains in developing countries, Shri Mittal added.

Delivering key note address, Member Electrical, Railway Board and Patron, Institution of Railway Electrical Engineers Shri Kul Bhushan said that the need for the introduction of high speed railways in India, not only stems from the rapid demand growth in inter-city passenger segment travel; but also out of the need to curtail over dependence of this nation on imported fossil fuel and the resultant environmental effect. Shri Kul Bhushan said that land has become a scarce resource in the country. High speed rail systems are mostly built on elevated pathways, requiring negligible land, as compared to 6-lane highways. From the international operational experience, high speed railways have the highest performance of safety, as compared to any other mode of mass repaid transportation system because of the factors like absence of level crossing or any type of obstruction on the pathways, advanced signaling and communication, improved track and rolling stock.

The two day Seminar would provide an opportunity to manufactures, developers, policy makers, various Government agencies, technical experts and stake holders to discuss and review the present status on Indian Railways on existing routes and look for new technologies for high speed traction in India. Concepts discussed and exhibited at this seminar will help achieve synergy in thought and action across users, suppliers and utilities.

The seminar will also help evolve appropriate policies to make efficient technologies competitive. This is significant in the back drop of liberlisation that facilities technology import and set-up of industries in India. Recommendations from a panel of exports will be drawn for framing strategies of acquisition of new technologies.

International and national railway agencies having experience in development of high speed passenger rail system, research and development institution, solution providers, industries, project developers and individual experts are participating and sharing their knowledge and experience through papers and presentations in this seminar. Delegates from IR, PSUs, industries and abroad will get immense benefits out of the deliberations of seminar.

During the seminar there will be five sessions namely Issues and Operations for Indian Railways, Development of High Speed Passenger Rail Projects, Emerging Trends in High Speed Rail Systems World Wide, Technology Options for Dedicated High Speed Passenger Rail Systems and Financing Models & Commercial Sustainability, Economic, Social, Environmental aspects of High Speed Passenger Rail Projects.

Established in the year 1995, the Institution of Railway Electrical Engineers (IREE/India), the organizer of this seminar, is a body of professionals of eminent electrical engineering discipline from a railways and railway related industries, committed to the application of technology advancements in railways. Amongst several of its activities, the institution has in the past organized exhibitions and International & National seminars for facilitating interaction and discussions and other innovative means to further technology progress on Indian Railways. These activities have direct impact on Railway customs in particular & society in general.

Shri Raj Kumar, Addl. Member (Electrical), Railway Board and President (IREE) delivered welcome address and Shri Mehtab Singh, Honorary General Secretary, IREE & Chief Electrical Engineer (Northern Railway) proposed the vote of thanks.

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