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    Trump says he's considering renaming Lake Ontario as 'Lake America' as trade war with escalates
    Flash Report on Central Sector Infrastructure Projects worth ₹150 crore and above
    HP minister warns orchardists against spurious PGRs sold in open market
    NEWS HIGHLIGHTS
    AERA cuts user development fee for domestic, int'l passengers at Hyderabad airport
    Rupee rises 24 paise to close at 95.46 against US dollar
    India pivots to US for LPG, LNG as West Asia crisis disrupts Gulf supplies
    Experts Call for Intelligence-Led Action to Break Cross-Border Illicit Trade Networks at ASIA Security Conference 2026
    How NRIs Can Structure Bank Accounts in India When They Have Both Indian and Overseas Financial Commitments
    Sugar ex-mill prices down 18 pc to Rs 55/kg after import move, curbs on hoarding: Food secretary
    SBI eyes USD 10 bln from NRIs, foreign investors ahead of RBI swap window closure
    Industrial power tariff hike: WBSEDCL says proposed rise capped to DVC area, rates still competitive
    India-Japan Investment Partnership Gains Momentum; Commerce and Industry Minister Shri Piyush Goyal Invites Greater Japanese Institutional Capital
    Commerce and Industry Minister Piyush Goyal addresses Japanese Business Federation in Tokyo
    Third Meeting of India-Cambodia Joint Working Group on Trade and Investment (JWGTI) Held in Phnom Penh, Cambodia
    Central Bureau of Narcotics (CBN) and PHARMEXCIL Sign Memorandum of Understanding to Boost Legitimate Pharmaceutical Exports and Strengthen Regulatory...
    RBI's USD-INR Swap Facility Sparks Unprecedented Forex Inflows into India, Banks Raise USD 73 Billion in eleven weeks
    Rupee falls 4 paise to 95.74 against US dollar in early trade
    Former cop Waze files fresh plea in Mumbai court, wants PMLA case against him dropped
    Rupee settles 1 paisa higher at 95.70 against US dollar
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August 25, 2026
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Tariff escalation drives retaliatory planning, industry protection measures, supply-chain uncertainty, and proposed symbolic geographic renaming amid cross-border trade tensions.
United States-Canada trade tensions have intensified after tariffs were imposed on Canadian goods following unsuccessful bilateral talks. Canada is expected to pursue retaliatory measures, potentially using targeted action to protect workers and businesses rather than matching tariffs directly. Further tariff threats concern vehicles, auto parts and steel. Integrated cross-border supply chains in automotive, energy, agriculture and manufacturing face increased costs and consumer-price uncertainty. Consideration of renaming Lake Ontario as "Lake America" has also been linked to the escalating dispute.
August 25, 2026
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Central infrastructure monitoring through PAIMANA-PROJ tracks implementation progress, sectoral priorities, completed works, and integration of newly monitored projects.
PAIMANA-PROJ monitors Central Sector infrastructure projects costing Rs. 150 crore and above across 17 Ministries and Departments. As of July 2026, 1,775 projects with a revised cost of Rs. 37.11 lakh crore were under monitoring, with cumulative expenditure of Rs. 19.26 lakh crore. Transport and Logistics formed the largest monitored sector, followed by Energy. The portfolio included mega and major projects at varying physical and financial completion stages. PAIMANA-CRIP serves as the central infrastructure-project data repository, with most data updated through APIs.
August 25, 2026
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Plant growth regulator quality controls require farmer awareness, licensed sales, quarantine compliance, and protection against uncertified orchard inputs.
Plant Growth Regulator quality control seeks to protect farmers and orchardists from spurious products sold in the open market. Licensed pesticide and fungicide outlets receive application schedules, while farmer awareness is stressed due to purchases of cheaper PGRs that may not achieve expected results. Rootstock imports require quarantine clearance, and uncertified rootstock purchased from the market is associated with disease spread in orchards. Regulatory measures include direct departmental sale of branded chemicals, promotion of weather-based crop insurance, and demands concerning minimum support pricing and Market Intervention Scheme documentation.
August 25, 2026
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Anti-conversion compliance prompts voluntary prayer declarations, alongside food-safety oversight and enforcement against demolition, liquor, and cyber-fraud allegations.
Maharashtra's anti-conversion law has commenced, and churches across the Mumbai Metropolitan Region have sought written self-declarations confirming voluntary prayer attendance without pressure. Food-safety oversight requires cleaning of cricket association eateries before a further inspection. Enforcement matters include investigation into unauthorised shop demolitions allegedly involving misuse of a municipal corporation's name, arrests connected with spurious-liquor manufacture, and a cyber-fraud network allegedly using mule accounts to launder proceeds. A retired High Court judge has been appointed as Lokayukta.
August 25, 2026
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User development fee rationalisation reduces departure charges and links airport cost recovery to commissioned capital projects during the tariff cycle.
Airport tariff regulation for Hyderabad airport fixes reduced User Development Fee for departing domestic and international passengers from 1 September 2026 through 31 March 2031, with rationalised landing charges. The tariff determination applies the incremental Aggregate Revenue Requirement framework, linking airport-charge cost recovery to completion, commissioning and use of identified high-value capital expenditure projects. A variable tariff plan provides landing-charge incentives upon prescribed qualifying conditions, supporting traffic development and route expansion while requiring cost-reflective, transparent and non-discriminatory aeronautical tariffs.
August 25, 2026
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Rupee appreciation reflects weaker dollar, lower crude prices, positive equities, and foreign-exchange inflows through swap facilities.
Foreign-exchange market conditions supported the rupee's appreciation against the US dollar, driven by positive domestic equity markets, a weaker dollar, and declining crude-oil prices. The USD/INR pair remained within a narrow range, with oil-price movements and potential central-bank intervention identified as near-term determinants. A special USD-INR foreign-exchange swap facility covering FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings had mobilised foreign-exchange inflows relevant to currency liquidity.
August 25, 2026
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Energy supply diversification reshapes India's LPG, LNG and crude sourcing amid constrained Gulf availability and higher logistics costs.
India's energy-import sourcing has shifted towards supply diversification as disruption in the Strait of Hormuz constrained traditional Gulf supplies. United States cargoes have become particularly important for LPG and LNG, while procurement has also broadened to Atlantic Basin and other non-traditional suppliers. Diversification increases costs through longer voyages, higher freight, insurance expenses, tighter availability and higher commodity prices, reflecting a premium for supply security. Crude sourcing continues to rely principally on Russia, alongside resilient UAE flows and increased Venezuelan heavy crude imports.
August 25, 2026
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Intelligence-led enforcement against illicit trade requires coordinated data-sharing, risk profiling, digital accountability and disruption of organised supply networks.
Cross-border illicit trade enforcement should move beyond isolated seizures to intelligence-led disruption of organised criminal networks. Risk-based profiling, predictive analytics, container scanning and shipment-data analysis should support targeted action against misdeclaration, port-hopping, concealment and digital distribution. Right holders should share specific intelligence with customs targeting mechanisms, and goods entering Domestic Tariff Areas from warehousing and special economic zones require enhanced examination. Digital enforcement should trace suppliers, financial flows, data trails and small-parcel movements, supported by coordinated feedback between online marketplaces, police and customs.
August 25, 2026
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NRI banking account segregation aligns overseas earnings, domestic income, foreign-currency savings, remittances, and borrowing with cross-border commitments.
NRI banking arrangements require segregation of overseas earnings, India-sourced income, savings, remittances and expenditure after residential status changes. An NRE account holds overseas income remitted to India, with interest exempt from income tax in India. An NRO account is intended for Indian income, including rent, dividends and pension, while FCNR deposits retain funds in a chosen foreign currency. A structured arrangement can align these accounts with domestic obligations, overseas spending, remittances, investments and compliant digital banking access.
August 25, 2026
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Sugar import authorisation and anti-hoarding controls aim to moderate ex-mill prices amid adequate domestic stocks.
Raw sugar imports were permitted, while stock limits were imposed on bulk consumers. States were directed to strengthen inspections, and nationwide flying squads were deployed to identify hoarding and speculative conduct. These measures target sugar availability and distribution across wholesale and retail channels. Ex-mill prices declined following the measures, although wholesale and retail prices had not yet reflected the reduction.
August 25, 2026
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Foreign-currency swap window closure focuses non-resident deposit mobilisation, while ECB hedging support continues for public-sector borrowers.
RBI's concessional Foreign Currency Non-Resident Bank deposit swap window closes on August 31, replacing the previous September 30 cut-off. Separately, the special US dollar-rupee foreign-exchange swap window remains available until December 31, 2026, providing concessional currency-hedging support to public sector undertakings raising external commercial borrowings. SBI expects to mobilise predominantly through deposits from non-resident Indians and foreign investors, with external commercial borrowings also visible.
August 25, 2026
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Industrial power tariff revision applies only within the shared distribution area, while steel producers seek rollback and fuel supply support.
Industrial electricity tariff revision is proposed from 1 September for 33 KV and 11 KV consumers within the Damodar Valley Corporation command area. The increase is confined to the shared distribution-licence area, while a separate and higher tariff structure applies outside it. Steel and sponge-iron industry associations oppose the revision on the basis that it will raise energy costs and affect investment conditions. They seek withdrawal of the increase and request continuing supplies of high-grade coal and iron ore for sponge-iron production.
August 25, 2026
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Institutional capital facilitation prioritises repatriation, market access, regulatory predictability, and cross-border partnerships supporting technology-led long-term investment.
India-Japan investment engagement focuses on increasing long-term Japanese institutional capital flows through an enabling business environment, intellectual property protection, policy reforms and integration with global value chains. Facilitation measures include simpler profit repatriation processes, improved access to Indian capital markets, greater regulatory predictability and a seamless cross-border investment environment. GIFT City is explored as a gateway for international capital and Japan-India investment flows.
August 25, 2026
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Strategic investment partnership prioritises semiconductor manufacturing, resilient supply chains and advanced industrial collaboration between Indian and Japanese businesses.
India-Japan economic cooperation is directed toward deeper trade, investment, technology and business-to-business linkages, including economic security, supply-chain resilience, clean energy and innovation. Collaboration is focused on capital goods, machinery, automotive and advanced manufacturing, with stronger connections between Japanese enterprises and India's Tier-II and Tier-III suppliers, including Micro, Small and Medium Enterprises. Semiconductor manufacturing is identified as a significant investment area. The India-Japan Special Strategic and Global Partnership supports expanded engagement with manufacturing ecosystems, global value chains and resilient supply chains.
August 25, 2026
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Bilateral trade and investment cooperation advances through customs alignment, digital payment integration, market access discussions and investment treaty completion.
India-Cambodia trade and investment cooperation addressed trade diversification, market access, customs alignment, digital payments and investment facilitation. Discussions covered traditional medicine, e-governance, recognition of the Indian pharmacopeia, trade statistics, agricultural cooperation, banking and insurance. The parties agreed on an MoU on Customs Cooperation to promote uniform customs procedures and considered early completion and signature of the Bilateral Investment Treaty. UPI-KHQR payment integration, investment promotion, priority-sector cooperation and a private-sector feedback mechanism were also discussed.
August 25, 2026
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Voluntary pharmaceutical export compliance framework promotes legitimate trade while safeguarding controlled substances through information sharing and coordinated capacity building.
The Memorandum of Understanding creates a cooperative framework for legitimate pharmaceutical exports and safeguards against diversion of narcotic drugs, psychotropic substances and controlled precursors. A voluntary, non-binding code of conduct will recommend industry practices without imposing obligations beyond applicable law. Cooperation includes identifying export bottlenecks, streamlining procedures for compliant exporters, capacity-building programmes, lawful and confidential information sharing, and nomination of company contact persons to coordinate voluntary compliance measures.
August 25, 2026
Show AI Summary
USD-INR forex swap facility accelerates foreign-currency mobilisation through non-resident deposits and institutional borrowing, strengthening India's external buffers.
USD-INR forex swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings enabled banks to access foreign-currency funding through a special swap window. FCNR(B) deposits formed the principal component of the reported foreign-exchange inflows, reflecting participation by non-resident Indians. The FCNR(B) window was scheduled for early closure after the stated mobilisation objective was achieved ahead of schedule, and the inflows were presented as strengthening external buffers through long-term non-resident deposits and institutional funding.
August 25, 2026
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Foreign-exchange intervention moderated rupee depreciation as crude prices, importer dollar demand and geopolitical uncertainty sustained currency-market pressure.
Foreign-exchange conditions reflected a marginal weakening of the rupee against the US dollar, influenced by elevated crude-oil prices, importer demand for dollars, weaker Asian equities and geopolitical uncertainty. The currency remained within a narrow trading band, with RBI dollar sales described as moderating sharper depreciation. The RBI's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised substantial foreign-exchange inflows, indicating support from non-resident Indian participants.
August 24, 2026
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Prior government sanction for public servants is contested as essential before money-laundering proceedings may validly proceed for official-duty acts.
Prior prosecution sanction is asserted to be a jurisdictional precondition for money-laundering proceedings against a public servant for acts connected with official duty. A former police officer challenges cognizance and process for want of sanction under the criminal procedure framework and the Maharashtra Police Act, relying on sanctions subsequently granted for co-accused public servants. The allegations concern collection of funds through the officer and their alleged laundering through an educational trust.
August 24, 2026
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Rupee exchange-rate movement gained marginal support from foreign equity inflows despite crude oil, importer demand and geopolitical pressures.
Rupee exchange-rate movement against the US dollar reflected a marginal appreciation, supported by foreign fund inflows into domestic equities. Trading remained within a narrow range amid pressures from higher crude oil prices, continuing importer demand, and geopolitical concerns. Market conditions also included a stronger dollar index, lower Brent crude futures, domestic equity declines, and net foreign institutional investment. Elevated oil prices and geopolitical uncertainty indicated a slight negative bias, while possible US dollar weakness could support the rupee.

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News and Press Release

India’s Social Safety Nets Successfully Weather Global Economic and Financial Crisis; Social Sector Spending on Continuous Increase; Direct Benefit Transfer Scheme Successfully Implemented in States of Jharkhand, Tripura and Maharashtra

February 27, 2013

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India with its focus on inclusive development and timely interventions has been able to ward off the ills of global economic and financial crisis better than many other countries. The global recession and the slow down have squeezed the fiscal space for most countries. However, India’s social sector spending has seen a continuous increase. According to Survey, the country contines to work on XIIth Plan initiative for “Faster, More Inclusive and More Sustainable Growth” and strives for targeted policy for the poor with minimal leakages. To achieve greater inclusive development, the share of Central Govt. expenditure (Plan and Non-Plan) on Social Service and Rural Development increased from 14.8% in 2007-08 to 17.4% in 2012-13(BE) 2007-08 to 25.1% in 2012-13.

Survey says that under Phase 2 of Unique Identification Authority of India (UIAI), 40 crores residence are to be enrolled before end 2014. As of December 2012, 25 crores Aadhaars had been generated and approximately 20.00 crore aadhaars letters has been dispatched. Pilots on Direct benefit transfers (DBT) have also been successfully conducted in the States of Jharkhand, Tripura and Maharashra to transfer monetary benefits related to social welfare schemes. Survey says that about 10.5 crore children benefitted under the mid-day meals programme during 2011-12.

According to Survey, through Bharat Nirman Programme, the country strives to achieve a higher degree of rural- urban integration and an even pattern of growth and opportunities for the poor and disadvantaged. During 2012-13 as against of physical target of 30.10 lakhs houses, 25.35 lakhs houses were sanctioned and 13.88 lakhs had been constructed as on 31st December, 2012. The Unit assistance provided under the Indira Awas Yojana (IAY) is being revised w.e.f 1st April, 2013 from Rs.45,000 to Rs.70,000/ in plain areas and from Rs.48,500/ to Rs.75,000/ in hilly/ difficult areas/integrated action plan districts. 82 left wing extremisms affected districts have been made eligible for this higher rate of unit assistance. Under the Pradhan Mantri Gram Sarak Yojna (PMGSY), a sum of Rs.l02658 to have been released to the States and about Rs. 96939 crore spent by December, 2012. A total of 3,63,652 Km. road length connecting nearly 90,000 habitations has been completed. About 74% of rural habitations are fully covered under the provision of the safe drinking water.

Quoting the latest Human Development Report 2011, the Survey finds that the Human Development Index for India ws 0.547 in 2011 within overall global ranking of 134. ( Out of 187 countries) compared to 119 (out of 169 countries) in HDR 2010. Survey points out that the India is ranked 129 in terms of the gender inequality index(GII) which highlights the loss in achievement due to gender disparities in the areas of reproductive health, empowerment and labour force participation. The Survey mentions that the infant mortality rate (IMR) which was 58 per thousand in the year 2005 has fallen to 44 in the year 2011. The Survey highlights that not only the inequality in India is lower than many other developing countries

The Survey finds that the last decade 2000-2010 witnessed an employment growth of 1.6% per annum. Quoting NSSO Survey 2009-10 the survey says that the modest employment growth in second half of the decade was on account of a lower Labour Force Participation Rate (LFPR). The growth of those in labour force declined possibly on account of greater number of persons opting for education /skill development. The unemployment rate infact decline between 2004-05 and 2009-10 both in rural and urban areas implying that relatively large proportions of persons who will willing to work, were actually employed.

The Survey finds out that while some states have performed well in terms of growth indicators, they have performed poorly in terms of poverty, rural-urban disparity, unemployment, education, health and financial inclusion. According to Survey, Bihar has the highest decadal (2001-11) growth rate of population(25%) while Kerala has the lowest rate (4.9%). In 2011, Kerala has the highest sex ratio ( 1084), while Haryana is at the bottom (877). In terms of growth Bihar is the best performer (16.7%), Rajasthan is the worst (5.4%). Highest Poverty Head Count Ratio (HCR) exists in Bihar (53.5) while lowest is in Himachal Pradesh (9.5%). The unemployment rate is the lowest in Gujarat (18) and highest in Kerala and Bihar(73) in Urban areas and the lowest in Rajasthan (4) and again highest in Kerala (75) in rural areas. Kerala is the best performer in terms of life expectancy at birth whereas Assam is the worst performer in both males and females. Based on above findings, the Surveys calls for a rethink on the criteria used for devolution of funds to states.

The Government is following a focused approach through various flagship schemes in the areas of poverty alleviations and employment generation. The Survey points out that under MNREGA, out of total outlay of Rs.33,000 crores approved for 2012-13, Rs.25,894 crores has been released. About 4.39 crores household have been provided employment of 156 crores person days. Approximately, 168.46 lakhs Swarozjaris have been assisted with Bank credit and subsidy under Aajeevika ( SGSY/NRLM). Out of Annual Budgetary Provision of Rs.838 crores for the Swaran Jayanti, Shahri Rozgar Yojana (SJSRY) for the year 2012-13, Rs.516.77 crores have been released and a more than 4.07 lakh people have benefited from this scheme. A total of 290 lakh lives under the Janshree Bima Yojana (JBY) and 179 lakhs lives under Aam Aadmi Bima Yojana have been covered till December, 2012. Under Rashtriya Swasth Bima Yojana (RSBY) more than 3.34 crores Smart Cards have been issued in 27 States/UTs till 31st December 2012.

DSM/UM/VK

(Release ID :92606)

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