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    Banks mobilise USD 127.23 billion in deposits from Indian diaspora: RBI
    CBI Arrests CGST Additional Commissioner and Two others in Rs. 40 Lakh Bribery Case in Raigad, Maharashtra
    Haryana: SGST collections grow 29 pc in first 5 months of 2026-27
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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
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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
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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
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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
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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
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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.
September 2, 2026
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Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
Competition Commission approval covers KCIL's acquisition of up to 100% equity shareholding in AFCPL and 100% equity shareholding in ASHPL. The combination includes KCIL issuing equity shares and optionally convertible debentures to AHLL, representing 9.9% fully diluted shareholding as partial consideration, together with a further KCIL equity investment by Arvon Investments Pte. Ltd. KCIL operates mother and baby care hospitals, while AFCPL provides assisted reproductive treatment and reproductive-medicine services.
September 1, 2026
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Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.

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Top 10 Leaders Empowering Future Generations Unveiled by Kiteskraft Productions LLP

June 30, 2025

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CHANDIGARH, India, June 30, 2025 /PRNewswire/ -- India's growth narrative is being powered by visionary leaders whose forward-thinking strategies and transformative leadership are redefining the nation's future. Top 10 Leaders Empowering Future Generations, an initiative by Kiteskraft Productions LLP, honors these trailblazers, changemakers, and pioneers who are revolutionizing industries and driving meaningful societal change. With bold ideas, unwavering dedication, and impactful contributions, they are not only empowering communities but also building the foundation for a more inclusive, dynamic, and progressive India.

Dr. Er. Ratnesh Gupta: Dr. Er. Ratnesh Gupta Ji is currently serving as the Training Officer at Govt. ITI Datia and holds multiple key roles including Junior Apprentice Advisor, Nodal Training & Placement Officer, District Incharge for the World Skill Competition, and Master Trainer under the Assembly Level Master Trainer program. As a member of the DM's 22 Commissions Team in Datia, he is actively contributing to community development and vocational excellence.

An academic achiever and former Director of GATEIIT Academy, he has led several training and development initiatives across Madhya Pradesh. His literary contributions are equally noteworthy — his book 'Aisa Desh Hai Mera' earned him the Indian Literature Award and the Bharat Kavya Ratna Samman, and he was recently named Best Poet of the Year 2025.

Dr. Gupta is the visionary behind the education app "Ratnesh Classes", and aspires to build it into a leading ed-tech platform. His work has earned him prestigious honors, including the Visionary Indian Award, Best Teacher Educator, and Most Inspiring Social Worker of the Year 2025.

Ar. Deepthi Peshkar: A Visionary in Sustainable Interior Design Ar. Deepthi Peshkar is a distinguished architect, interior designer, and academician, known for her contributions to sustainable and innovative design. As the founder of Shri Dhaatri Architects and Interior Designers in Hyderabad, she has led the firm successfully for over six years, offering expertise in interior design, architecture, and landscape design.

With a Master's degree in Architecture specializing in Interior Design from J.N.T.U., Hyderabad, and over 15 years of professional and academic experience, Ar. Peshkar blends creativity with practical insights. Her designs reflect a deep commitment to green buildings and sustainability, earning her the prestigious IGBC Accredited Professional status.

She is a registered architect with the Council of Architecture (CoA-INDIA), an associate member of the Indian Institute of Architects (IIA), and a registered associate member of the Institute of Indian Interior Designers (IIID).

Passionate about academia-industry collaboration, Ar. Peshkar continues to influence emerging designers while staying at the forefront of eco-conscious architecture. Her work stands as a testament to dedication, innovation, and sustainability in modern design.

Dr. Kiran Thakur: A Visionary Leader in Journalism, Banking, and Social Service Dr. Kiran Thakur is a dynamic leader whose impactful career spans journalism, cooperative banking, education, and social work. Beginning his journalistic journey in 1968, he rose to become Editor of Tarun Bharat, one of Maharashtra, Goa & Belgaum's leading dailies with eight editions. Under his visionary leadership, the newspaper embraced modern technology and grew its readership to over 1.5 million.

As the Founder Chairman of Lokmanya Multipurpose Co-op Society, Dr. Thakur steered its growth to over 213 branches across India. His pioneering work in cooperative banking earned him several honors, including the Rotary Leadership Award.

Deeply committed to education, he has led institutions like the South Konkan Education Society , Tarun Bharat Trust and Lokmanya Education Society, positively impacting thousands of students. His philanthropic initiatives through the Lokkalp Foundation (CSR) include 32 village adoption, youth festivals, and vital community services.

Dr. Thakur's contributions have been recognized with prestigious awards such as the Dr. N. B. Parulekar Award and an honorary D.Litt from Tilak Maharashtra Vidyapeeth. His life's work reflects a legacy of innovation, empowerment, and dedicated service to society.

Er. Jitendra Attri: ATTRICO TOOLS AND EQUIPMENTS PVT. LTD – BRAND OF THE YEAR 2025 Attrico Tools and Equipments Pvt. Ltd. has rapidly risen to prominence as a trailblazer in India's industrial tools and equipment sector. Under the visionary leadership of its MD & CEO, Er. Jitendra Attri, the company has been honored as the "Brand of the Year 2025", marking a milestone in its journey of excellence and innovation. Specializing in advanced material handling systems, industrial tools, and heavy machinery, Attrico plays a pivotal role in supporting large-scale manufacturing and infrastructure development across the country.

With an expansive sales and service network, the company has secured high-value contracts from leading national giants such as NTPC, BHEL, TATA, RELIANCE, ADANI, ULTRATECH, and the BIRLA Group. Renowned for its reliability, technical expertise, and timely project execution, Attrico continues to raise industry standards.

As it builds on its legacy of trust and performance, the company remains focused on its goal to become India's No.1 tools and equipment supply brand by 2026, powered by innovation and customer-centric strategies.

Dr. Rupali Singh: A Visionary in Academia and Corporate HR Dr. Rupali Singh is an accomplished academician and HR strategist, currently serving as Director and Professor at Atmiya University, Rajkot. With over 18 years of experience in higher education, corporate advisory, research, and policy development, she is a key figure in driving digital transformation in academia.

She holds a Ph.D. in Management from MNNIT Allahabad and a D.Litt. in HR from France, along with executive education from IIM Bangalore. As a Certified Independent Director, Dr. Singh advises corporate boards on governance, talent strategy, and institutional innovation.

Her excellence has been recognized with over 25 awards, including Bharat Gaurav Ratna, Bhartiya Naari Ratna, Humanitarian Excellence Award, Leadership Excellence Award, and The Times Award. She was also nominated for the Padma Shri in 2024 and invited to the Rashtrapati Bhawan for a national round table.

A prolific writer and dedicated mentor, Dr. Singh credits her success to her supportive husband and family.

She can be reached at: [email protected]| [email protected] Vijayasarswathy: Vijayasarswathy is an inspiring educationist and leader dedicated to empowering students and professionals. As Founder and Executive Director of Victory Pathways, she has positively impacted over 12,000 individuals through transformative educational solutions. Serving as Academic Director at Eduverse International, she boosted study abroad program participation by 30% with innovative program designs and, as an Overseas Education Consultant, successfully placed over 5,000 students in international universities. At Mahatma Global Gateway, she enhances career development initiatives, increasing internship placements by 30% in the first semester and improving job readiness scores by over 40%. Her resume and interview workshops raised successful job applications by 25%, while her partnerships with local businesses improved the university's placement rate by 15% within a year. With experience as an IB University Career Counselor and corporate trainer, she excels in curriculum development, counseling, and soft skills training. Her dedication continues to shape countless academic and professional journeys.

Dr. Soma Goho : Dr. Soma Goho – Visionary Educator & Child Development Pioneer Dr. Soma Goho is an Indian educator, author, and founder-director, widely recognized for her innovative work in empowering children through soft skills, brain development, and entrepreneurship training. She founded Promise Your Child for a Better Future, a pioneering initiative dedicated to unlocking the potential of young minds through cognitive and behavioral programs.

Her efforts span education, entrepreneurship, and brain science, establishing her as a leading force in personal and professional development for India's youth. Under her leadership, Promise Centre of Education has grown to over 60 centers across West Bengal, reaching 5,000+ children annually with personalized programs.

A former leather export professional, Dr. Goho's global exposure highlighted gaps in structured child development in India. This insight fueled her mission to create inclusive, future-ready learning models.

Her contributions include launching India's first digital abacus, and collaborating with universities in Canada, the UK, and Australia, opening international academic avenues.

Awarded by Assocham and Franchise India, Dr. Goho's journey exemplifies innovation, women's empowerment, and visionary leadership in education.

Dr. Arihant M Taleda: Dr. Arihant M Taleda – Pioneering Innovation with Purpose Dr. Arihant M Taleda has established itself as a dynamic force in the pharmaceutical industry, recognized for its unwavering commitment to delivering affordable, high-quality healthcare. Founded on the pillars of compassion, integrity, and ethical responsibility, the company specializes in producing generic medicines that adhere to stringent international standards of safety and efficacy.

Blending scientific innovation with traditional Ayurvedic wisdom, the company provides a range of cost-effective, holistic treatment solutions aimed at addressing diverse health needs. Its vision extends far beyond profit margins—by organizing health awareness campaigns, free medical camps, and community outreach initiatives, it continues to positively impact underserved populations.

Dr. Arihant M Taleda also champions environmental sustainability through eco-conscious operational practices and green manufacturing methods. With a growing global footprint, the company is expanding its reach into international markets while maintaining a strong foundation rooted in ethics, quality, and social responsibility. Its continued pursuit of excellence positions it as a forward-thinking brand leading the way in responsible pharmaceutical innovation.

Mrs. Priyabhashni Pathak: Born on October 1, 1972, in Bareilly, Uttar Pradesh, Mrs. Priyabhashni Pathak is a dynamic personality whose journey reflects dedication and versatility. She holds a postgraduate degree in Economics and law degrees including an LLB in Criminal Law and an LLM in Corporate Law. Since 1999, she has served as a Panel Lawyer for national and private banks, while also mentoring aspiring legal professionals. Her accomplishments go beyond law—she has participated in national beauty pageants, winning titles like Mrs. Bareilly, Mrs. Uttar Pradesh, and Mrs. India (Divine), exemplifying elegance and confidence. She is also a trained Kathak dancer, fitness enthusiast, and passionate gardener. Deeply committed to social causes, she serves as Vice-President of Pashu Poshan Kalyan Samiti, working actively for animal welfare. Notably, she has donated blood over 20 times in recent years. Mrs. Pathak's multifaceted life stands as a powerful example of how professional excellence and social responsibility can go hand in hand, inspiring others to pursue their passions with purpose.

Prof. (Dr.) Tapas Kumar Sar:– A Trailblazer in Pharmacology and Toxicology Prof. (Dr.) Tapas Kumar Sar, DSc, is a distinguished academic and researcher in Pharmacology and Toxicology with over 20 years of experience. He is renowned for pioneering work in combating antimicrobial resistance (AMR) through innovative herbal-antibiotic formulations. His research is published in reputed journals like Scientific Reports, Journal of Agricultural and Food Chemistry, Phytomedicine Plus, Biomedical and Biopharmaceutical Research, and European Journal of Drug Metabolism and Pharmacokinetics. He holds an international patent for his contributions to pharmacology and toxicology and received the Best Doctor Award 2025. As a Ph.D. supervisor, he has mentored numerous scholars and serves on the editorial boards of prestigious journals. He is also a Bentham Science Ambassador and World Research Fellow. Prof. Sar was named Innovative Professor of the Year by the Global Chamber of Consumer Rights and featured among the Top 10 Teachers in India by Adreneur Consultancy Solutions. As an accomplished author, he received the International Star Author Award 2025 for his literary contributions.

About Kiteskraft Productions LLP: Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more.

Photo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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