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September 2, 2026
Show AI Summary
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.
September 2, 2026
Show AI Summary
NBFC loan servicing governance retains lender control through deterministic decision rules, maker-checker controls, reconciled migration and optional AI assistance.
Lokta Next 100 offers RBI-registered NBFCs with loan books up to Rs 100 crore post-approval loan servicing, accounting, reporting, analytics, collections, recovery and partner-management functions, excluding pure-play microfinance NBFCs. Credit, approval and money decisions remain with the lender. Maker-checker approval applies to every change, and migration requires line-by-line reconciliation before cutover. Records remain lender-owned, hosted in India and exportable. AI may propose changes but cannot post to the ledger; deterministic lender-policy rules decide changes. Platform fees are deferred for up to 24 months, subject to stated loan-book thresholds.
September 2, 2026
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RTI access to maintained records does not require creation of Aadhaar date-of-birth update data on demand.
UIDAI did not maintain separate Aadhaar data on date-of-birth updates in Bihar following the announced social security pension enhancement, including month-wise or district-wise compilations. No internal review or flagging of unusual update patterns was available or applicable in its records. The Central Information Commission clarified that the RTI framework does not require a public authority to create, compile or generate information that it does not maintain in the form requested. The initial CPIO response treating the information as outside the RTI Act was considered inappropriate.
September 2, 2026
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Transgender arrest and detention safeguards prompt calls for a standard operating procedure and clearer procedural protections.
Legal and regulatory issues include safeguards for arrest and detention of transgender persons, consultation requirements in Bar Council policy-making, and procedural accountability in electoral administration and policing. Personal insolvency proceedings raise questions about tribunal powers to constitute an expanded bench. Hospitality operators are expected to comply strictly with food-safety and hygiene norms. Proposed restrictions on minors' social-media accounts address cyberbullying, online exploitation, and harmful screen exposure.
September 2, 2026
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Railway equipment purchase orders and export order expand IC Electricals' domestic and international business pipeline.
IC Electricals Company Limited has secured railway purchase orders for electrical and electronic supplies and an export order, creating combined order inflow across domestic railway operations and international markets. Its product portfolio includes regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, alternators, traction motors, and permanent magnet alternators with controllers. Forward-looking statements on business plans, projects, and research and development remain subject to risks and uncertainties and may differ materially from actual results.
September 2, 2026
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Double deflation explains negative manufacturing GVA deflators when input prices rise faster than output prices.
Double deflation in manufacturing separately deflates gross output and intermediate consumption, with real GVA derived from their difference. Where input prices rise faster than output prices, nominal GVA may grow more slowly than real GVA, producing a negative implicit GVA deflator despite rising output and input prices. A negative manufacturing GVA deflator therefore does not establish a fall in manufactured-product prices or lower real growth. The implicit GDP deflator is a derived ratio between current-price and constant-price GDP and differs from CPI and WPI because of their distinct coverage, weights, and price concepts.
September 2, 2026
Show AI Summary
Data centre ease-of-doing-business reforms target reliable power, prepared land, streamlined approvals and building standards for faster infrastructure deployment.
Ease-of-doing-business reforms for India's data-centre ecosystem focus on faster and sustainable infrastructure deployment through reliable power, ready-to-use land, streamlined approvals and suitable building regulations. Proposed power measures include cluster-based transmission planning, first-day sanctioned load, dual feeders and cross-border renewable-energy procurement. Data-centre-ready land banks and power-ready parcels are intended to reduce development timelines. The National Building Code 2026 recognises data centres under Group E and contains a dedicated annex on fire-risk assessment and data-centre-specific performance indicators.
September 2, 2026
Show AI Summary
Trade facilitation and customs cooperation drive follow-up action on connectivity, regulatory coordination, investment promotion and bilateral commercial engagement.
India-Afghanistan bilateral trade and economic cooperation is being advanced through institutional engagement on trade facilitation, customs cooperation, connectivity, investment and commercial exchange. Priority areas include customs and data-sharing cooperation, visa facilitation for traders, banking and financial cooperation, pharmaceutical and agricultural trade, energy cooperation, tariff concessions, cargo connectivity and port-related matters. Follow-up action covers regulatory cooperation, improved connectivity, investment promotion and business-to-business engagement.
September 2, 2026
Show AI Summary
Residential rooftop solar subsidy requires eligibility, prior approval, registered installation, net metering, commissioning, and verified bank details for direct transfer.
PM Surya Ghar Muft Bijli Yojana provides central financial assistance for eligible grid-connected residential rooftop solar systems, capped at Rs. 78,000 for systems of three kilowatts or more. Applicants must be Indian citizens who own a suitable house, hold a valid electricity connection, and have not received an earlier solar-panel subsidy. Applications require portal registration, distribution-company feasibility approval, installation through a registered vendor, net metering, inspection, commissioning and submission of bank details. Assistance is transferred directly after verification. State-specific net-metering procedures, approvals and additional incentives may apply.
September 2, 2026
Show AI Summary
Sovereign credit rating upgrade reflects solid growth, stronger financial systems, and improving fiscal and external resilience.
JCR upgrades India's foreign-currency and local-currency long-term issuer ratings to A- with a stable outlook, citing sustained economic growth, productivity-oriented policies and improved financial-system soundness. Fiscal constraints include elevated deficits, intergovernmental fiscal transfers, electoral-cycle sensitivity, and high combined government debt and interest burdens. Greater emphasis on infrastructure capital expenditure has improved the quality of fiscal spending. External resilience is supported by a contained current account deficit, services surplus and foreign-exchange reserves exceeding short-term external debt.
September 2, 2026
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Personal insolvency bench constitution and repayment-plan eligibility remain contested where a larger tribunal bench stays a third-member order.
Personal insolvency proceedings raised a challenge to the National Company Law Tribunal's authority to constitute a five-member bench after a split verdict. The challenge contended that the mechanism for differing views permits reference to another member or members, but does not authorise a five-member bench. The larger bench stayed the third member's order, restricted asset alienation, and suspended an order permitting settlement of personal-guarantee claims. The dispute concerned the validity of that bench, the split-verdict reference procedure, repayment-plan eligibility, and pending creditor appeals.
September 2, 2026
Show AI Summary
Digital lending app verification enables borrowers to identify regulated lenders, grievance channels, and warning signs before accepting loans.
GoCredit's Loan App Checker allows borrowers to search lending apps against the public Digital Lending App directory and identify the regulated lender, grievance contact and RBI Ombudsman escalation route where a match exists. Regulatory reporting by regulated entities enables app-level verification, while borrowers should also check the lender named in app disclosures and loan agreements. A directory listing is a regulated-entity disclosure, not RBI approval or endorsement. Unmatched apps should be assessed through verification steps and reported through official channels where appropriate.
September 2, 2026
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Rupee depreciation in early trade reflected oil-price pressures, risk aversion, higher Treasury yields and broad dollar strength.
Early foreign-exchange trading saw the rupee weaken against the US dollar amid renewed US-Iran tensions, risk aversion, higher Brent crude prices, and a stronger dollar. Safe-haven demand, inflation concerns linked to potential oil-supply disruption, expectations of a September Federal Reserve rate increase, and higher US Treasury yields supported the broad dollar rally. RBI monitoring of the rupee's decline was noted.
September 2, 2026
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Responsible AI governance requires ethical safeguards, privacy protection, accountability and adaptive oversight to build lasting corporate stakeholder trust.
Responsible artificial intelligence governance requires continuous innovation, inclusive development, responsible deployment and trust-based governance. AI systems should be ethical, safe, transparent, fair and human-centric, with safeguards for privacy, bias, security and accountability. Proportionate and adaptive regulation should provide clear accountability, standards, monitoring, auditability and grievance redressal. Good governance, cybersecurity, personal data protection and responsible AI together strengthen organisational resilience, stakeholder trust, transparency and sustainable innovation.
September 2, 2026
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E-auction of surplus public land enables transparent outright sale of RINL parcels through registered, KYC-verified bidding.
National Land Monetization Corporation will facilitate the e-auction and outright sale of 459 encumbrance-free RINL land parcels, including residential plots and parcels suited for commercial and logistics use. Competitive bidding will occur through the RailTel E-Nivida e-procurement platform. Participation requires online registration, KYC verification, and plot-wise submission of an earnest money deposit within prescribed timelines. The process supports transparent monetisation of surplus land and non-core public assets.
September 2, 2026
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Competition approval for infrastructure finance restructuring covers acquisition, minority transfer, investment divestment, and merger of regulated NBFCs.
Competition Commission of India approval applies to the acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd., a subsequent minority share acquisition by ICICI Bank Limited, and Aseem's divestment of its shareholding in NIIF Infrastructure Finance Limited to National Investment and Infrastructure Fund II. Following the acquisition, Climate Finance India Private Limited is intended to merge into Aseem as the surviving entity. The entities involved include RBI-registered non-deposit taking NBFCs operating in infrastructure finance, investment and credit, and infrastructure debt financing.

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95th Meeting of Network Planning Group under PM GatiShakti evaluates key Infrastructure projects

June 13, 2025

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NPG evaluates Metro Rail, Road, and Logistics Park Projects

The 95th meeting of the Network Planning Group (NPG) was convened to evaluate infrastructure projects in the Metro Rail and Roads, Transport & Highways and Logistics Parks. The meeting focused on enhancing multimodal connectivity and logistics efficiency in alignment with the PM GatiShakti National Master Plan (PMGS NMP).

The NPG evaluated five projects (1 - Metro Rail Project and 2  Road & 2 Logistics Parks) for their conformity to the PM GatiShakti principles of integrated multimodal infrastructure, last-mile connectivity to economic and social nodes and intermodal coordination. These initiatives are expected to boost logistics efficiency, reduce travel times, and deliver significant socio-economic benefits across regions. The evaluation and anticipated impacts of these projects are detailed below:

Ministry of Housing and Urban Affair (MoHUA)

Ahmedabad Metro Rail Project Phase-2A
(Metro connectivity to Sardar Vallabhbhai Patel Airport)

The Ministry of Housing and Urban Affairs (MoHUA has proposed the plans to extend the Ahmedabad Metro by 6.032 km to provide direct connectivity to Sardar Vallabhbhai Patel International Airport from Koteshwar Metro Station (excluding). This strategic extension is poised to significantly enhance urban mobility by offering faster, more convenient access to the airport for daily commuters, airport personnel, and residents across the city. The project will not only improve airport accessibility but also contribute to a more integrated and efficient intra-city transit system in Ahmedabad. Designed to support the city’s long-term mobility needs, the corridor aims to reduce travel time, ease congestion, and promote the use of public transport. The planning process has involved close collaboration with key stakeholders, including the Sardar Vallabhbhai Patel International Airport Authority (SVPIA), Ahmedabad Municipal Corporation (AMC), Ahmedabad Urban Development Authority (AUDA), Ministry of Defence, Urban Development & Urban Housing Department (UD&UHD), Ahmedabad Janmarg Limited, AMTS, Sabarmati Riverfront Development Corporation Limited, and the GOLYMPIC team. Once completed, the proposed metro link will enhance both intercity and intracity connectivity between Ahmedabad and Gandhinagar, supporting sustainable urban development and offering a more seamless and efficient commuting experience.

Ministry of  Road, Transport & Highways(MoRTH)

Construction of 8-lane access-controlled Highways of NH 248S for Connectivity to Proposed Vadhavan port

The Ministry of Road Transport and Highways (MoRTH) has proposed the plans for the construction of an 8-lane access-controlled highway along NH-248S to improve connectivity to the upcoming Vadhavan Port in Maharashtra. This strategic infrastructure initiative aims to ensure efficient cargo evacuation and support the port’s development as a major global trade hub. Vadhavan Port, leveraging a natural draft of approximately 20 meters, is being developed to accommodate large container vessels. In its first phase, the port will offer a container handling capacity of 15 million TEUs, with expansion to 23.2 million TEUs planned in the second phase. Upon completion, the port is expected to rank among the top 10 container ports worldwide. According to traffic projections, the proposed port access road will handle approximately 57,329 Passenger Car Units (PCUs) by 2030. Efficient multimodal evacuation of cargo remains a central focus of the project, with dedicated rail and road corridors being developed for streamlined movement of bulk and containerized freight.

  • Key hinterland connectivity features include:
  • Mumbai–Delhi Western Railway Line – 12 km
  • Delhi–Mumbai Expressway (NE4) – 21 km
  • National Highway-48 (NH-48) – 32 km

The dedicated project road will directly connect the Delhi–Mumbai Expressway and NH-48, significantly enhancing logistics efficiency and reinforcing Vadhavan Port’s role as a strategic gateway for international trade.

Construction of Four Lane Elevated Road in Jodhpur city portion from Mahamandir to Akhaliya Chouraha.

The Ministry of Road Transport and Highways (MoRTH has proposed the plans for the construction of a 4-lane elevated corridor in Jodhpur city, extending from Mahamandir to Akhaliya Chouraha. Strategically aligned along NH-62 and NH-125, the project aims to alleviate traffic congestion and enhance urban mobility across one of Rajasthan’s busiest city corridors. The proposed 2+2 lane elevated structure will span 7.633 km, bypassing 8 major and 20 minor junctions, and is expected to reduce travel time by approximately 20 minutes during peak hours. Key junctions along the route include Mahamandir, Paota Circle, Nai Sadak Chouraha, Ranchordas Mandir Junction, Jalori Gate, 5th Chopasani Road Circle, Bombay Motor Circle, and Akhaliya Chauraha. Out of the total length, 3.50 km will run along NH-62 (from Mahamandir to Station Road), and 1.25 km along NH-125 (from Bombay Motor Circle to Soorsagar Road). The corridor is being designed to meet growing traffic demands, with lane requirements projected to double over the next two decades based on current usage patterns. Once completed, the elevated road will ensure seamless and congestion-free movement across NH-62, NH-125, and NH-25, supporting the city’s long-term development goals and improving connectivity across key urban and regional nodes.

MMLP Hyderabad

The Ministry of Road Transport and Highways (MoRTH) has proposed to develop a Multi-Modal Logistics Park (MMLP) at Parkibanda village in Manoharabad Mandal, Medak district, Telangana. Spanning 315 acres, the proposed facility is aimed at transforming freight logistics in the region by facilitating seamless cargo movement, improving connectivity, and promoting economic growth. The MMLP is projected to handle 1.47 million metric tonnes (MMT) of cargo annually starting 2028, with capacity expected to scale up to 19.98 MMT by 2070. The facility will offer integrated services such as modal shift, cargo aggregation/disaggregation, and customs clearance—benefiting industries in and around Hyderabad. The site is strategically located within a 50 km radius of key industrial hubs including Chandulal Baradari, Sanathnagar, and Azamabad Industrial Estates, and is in close proximity to Jeedimetla, Balanagar, and Cherlapalli Industrial Areas.

The site offers robust multimodal connectivity. It is connected to NH-44 via the existing village road and lies less than 5 km from Manoharabad Railway Station. Upon completion of the Regional Ring Road, the MMLP will have seamless access to major freight corridors, including Mumbai and Jawaharlal Nehru Port (JNPT)—a key gateway for cargo bound to and from Hyderabad.

This strategic development is part of MoRTH’s broader initiative to modernize India’s logistics infrastructure, reduce freight costs, and support economic competitiveness.

MMLP Patna

The Ministry of Road Transport and Highways (MoRTH) has proposed to  develop a Multi-Modal Logistics Park (MMLP) at Jaitiya village, located in Fatuah Taluka of Patna district, Bihar. Spread over 106.19 acres (42.97 hectares), the proposed facility is projected to handle 5.43 million metric tonnes (MMT) of cargo annually by 2071, and is poised to become a major logistics hub for the region.

Strategically located, the site is just 6.2 km from Top Sarthua Railway Station, 30 km from Patna Airport, and 20 km from ISBT Patna (Zero Mile), providing strong multimodal connectivity. It lies within a 30 km radius of key industrial clusters including Fatuah, Patliputra, and Kopakala Industrial Areas, making it ideally positioned to support both regional and long-distance freight movement. The MMLP will benefit from proximity to the Patna–Gaya railway line (9 km away) and direct access to major freight corridors via NH-131G, NH-31, NH-139, NH-22, NH-119D, and State Highway-1 (SH-1). These routes connect the park to key trade nodes such as Patna International Airport, Kolkata, and Haldia Port, enabling seamless domestic and international cargo movement. With its central location, phased development strategy, and integrated infrastructure, the Jaitiya MMLP is set to play a vital role in modernizing Bihar’s logistics ecosystem and supporting the region’s economic growth.

The meeting was chaired by Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Shri Pankaj Kumar.

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