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    HC flags fraudulent use of Aadhaar by infiltrators to get Indian citizenship; calls for action
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    India to be among top 5 Nestle markets in coming years, a major export hub : Global CEO
    Build Credit Awareness with a Free Credit Score Check from Bajaj Finance
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August 26, 2026
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Fraudulent Aadhaar procurement exposes identity-verification gaps and prompts disclosure, expedited investigation, deportation, and statutory review measures.
Fraudulent procurement of Aadhaar and other identity documents by foreign nationals who infiltrate borders may undermine identity verification, immigration control and national security. Coordinated action is required to trace and deport such persons, prevent re-entry, strengthen document verification, and complete investigations without delay. Amendments to the Aadhaar Act are to be considered to assist investigating agencies, while a dedicated procedure is required to address border infiltration and human trafficking. Aadhaar enrolment records are to be supplied to police, followed by timely deportation proceedings.
August 26, 2026
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Foreign investment liberalisation proposals receive industry support, subject to preserving AIF treatment, grandfathering, and prospective application.
Proposed foreign-investment liberalisation, including treatment of stakes below 10 per cent and a greater role for market forces in valuation, is welcomed. Preservation of the existing treatment of Alternative Investment Funds under the IOCC framework is emphasised, together with grandfathering of transactions and funds undertaken under the current regulatory position. Newly introduced requirements should operate prospectively to support a simpler, predictable and investment-friendly foreign-investment framework.
August 26, 2026
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India market expansion guides Nestle 's volume-led growth, export-hub development and long-term investment without compromising product quality.
Nestle 's India strategy focuses on volume-led growth, wider consumer reach, portfolio development, efficiency improvements and sustained long-term investment. Growth is intended to combine increased household penetration with pricing, premiumisation, affordability and value offerings. India is also intended to develop further as a production and export hub for global markets, supported by manufacturing capacity and expanding overseas supplies. Product quality and consumer interests remain constraints on the pace of expansion.
August 26, 2026
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Credit awareness through regular score and report review supports responsible borrowing, error detection, and informed credit management.
Free online access to the Credit Pulse Report is available through the Bajaj Finance website. Users verify their registered mobile number through OTP authentication, provide identifying particulars including PAN and date of birth, and then view the available credit score. The report may be reviewed and downloaded to examine repayment history, active credit accounts, recent enquiries and other recorded credit information. Periodic review can help identify unfamiliar accounts, inaccurate repayment records, overdue amounts, unupdated information and changes in credit utilisation.
August 26, 2026
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Credit lifecycle consistency requires facility-specific treatment so UPI-linked credit records, repayments and customer obligations remain aligned.
CARD91's Credit Lifecycle Consistency Framework calls for facility-specific treatment of Credit Line on UPI transactions and continuing credit events. Credit limits, outstanding balances, repayments, refunds, reversals and EMI conversions should be accurately connected to the relevant customer account and applied according to the underlying facility's terms. Bank policy, customer consent, transaction controls and portfolio actions should remain aligned. Customer-facing applications, statements and alerts should consistently reflect available credit, outstanding obligations and repayment schedules, while disputes and manual corrections follow documented, reviewable processes.
August 26, 2026
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Non-revolving credit lines require term-loan structures supporting multiple drawdowns without replenishing sanctioned limits for NBFC lending products.
Proposed restrictions on revolving credit facilities for most NBFCs would generally require credit products to operate as term loans, rather than facilities in which principal repayment automatically restores the available borrowing limit. Compliance may require technology capable of managing multiple drawdowns within an approved sanction, separate repayment schedules, amortisation and servicing workflows, while preventing repaid principal from replenishing the sanctioned limit.
August 26, 2026
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Reciprocal trade tariffs intensify as negotiations confront market access, cultural protections, industrial safeguards, and sovereignty concerns.
US-Canada tariff escalation involves reciprocal import duties following failed negotiations over market access and trade in dairy, alcoholic beverages, automobiles, steel, aluminium and softwood lumber. United States tariff action relies on a rarely used trade-law power permitting duties against countries considered to discriminate against American businesses, without a prior investigation or stated time limit. Negotiations also raised concerns about protection of major industries, cultural protections and Canada's freedom to conclude trade agreements with other countries.
August 26, 2026
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Diaspora engagement supports skilled mobility, investment links, remittances, and citizen welfare while encouraging compliance with local laws.
Indian diaspora engagement in Japan supports bilateral goodwill, business links, investment opportunities and people-to-people ties. Skilled Indian professionals are encouraged to understand local requirements, learn Japanese language and culture, and pursue opportunities in healthcare, trades, engineering, artificial intelligence, accountancy and maritime work. Diaspora members are also encouraged to maintain connections with India, contribute through digital education and knowledge-sharing, and comply with local laws and regulations. Remittances and government support for citizens' welfare, safety and crisis assistance abroad are recognised as important aspects of diaspora engagement.
August 26, 2026
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Semiconductor and AI cooperation advances through industry engagement, investment facilitation, and accelerated economic partnership review.
India-Japan cooperation in semiconductors and artificial intelligence is being strengthened through industry engagement, investment facilitation, technology partnerships and an economic-security-oriented framework. India's semiconductor strategy covers chip design, machinery and materials, fabrication, ATMP/OSAT, research, and talent development, supported by Semicon India initiatives. Bilateral engagement also seeks to address industry concerns, expand manufacturing and innovation partnerships, and accelerate review of the Comprehensive Economic Partnership Agreement to reflect emerging economic opportunities.
August 26, 2026
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Virtual trader engagement platform strengthens weekly grievance feedback, policy information sharing, and institutional dialogue between government and trading communities.
The Virtual Conference Interaction Meetings provide a weekly, accessible forum for retail traders to engage with the Government, receive information on relevant schemes, policies and reforms, and submit grievances and suggestions. The platform enables recurring concerns to be identified and communicated to concerned Ministries and Departments for consideration and redressal. It seeks to strengthen institutionalised dialogue, feedback, transparency, trust and cooperation between the Government and the trader community.
August 26, 2026
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Competition clearance for full acquisition permits Cyient to acquire Tao Digital Solutions, a global digital transformation and technology services provider.
Competition Commission of India approved Cyient Limited's acquisition of 100% of Tao Digital Solutions Inc.'s share capital from its existing shareholders. The full share capital acquisition transfers complete ownership of Tao Digital Solutions to Cyient. Tao Digital Solutions provides global digital transformation and technology services, including product engineering, managed services, cybersecurity, payments, digitization and AI, cloud services, and data services, and operates in India through its wholly owned subsidiary, Tao Digital India Private Limited.
August 26, 2026
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Competition clearance for full coal-sector acquisition addresses limited Indian market links through metallurgical and thermal coal sales.
Competition approval covers Yancoal Australia Limited's acquisition of 100% equity interest and warrants in Kestrel Coal Group Pty Ltd. The target holds an 80% interest in the Kestrel Joint Venture, which operates a Queensland coal mine producing principally metallurgical coal and a smaller volume of thermal coal. Neither the acquirer nor the target has a physical presence in India. Their Indian nexus is limited to coal exports and the joint venture's sales of metallurgical coal into India.
August 25, 2026
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Customs classification of unassembled vehicle imports requires fresh hearing after reserved tax challenge was released without verdict.
The dispute concerns customs classification of imported unassembled vehicle parts. Customs authorities allege that parts imported in separate shipments should have been declared as completely knocked down (CKD) units, attracting the higher duty applicable to CKD imports, rather than as individual components subject to lower duty. The manufacturer contests the resulting customs demand. Proceedings have been released for fresh hearing before the regular indirect-tax writ bench, with status quo maintained for four weeks.
August 25, 2026
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Retaliatory tariffs on imported goods escalate trade measures, targeting key sectors while maintaining support for affected domestic businesses.
Canada has imposed retaliatory tariffs on United States-origin industrial and consumer goods following increased United States tariffs on Canadian goods. Effective 8 September, the measures apply at rates of 15%, 25% and 50% across more than 700 products, including steel, aluminium, appliances, dairy products, seafood, furniture, clothing, pulp and paper, and electronics. Existing countertariffs on automobiles remain in force. The measures seek to protect domestic businesses and reduce imports, supported by assistance for affected workers and businesses amid risks to integrated cross-border supply chains.
August 25, 2026
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Foreign-exchange market intervention and lower crude prices supported rupee appreciation, while USD/INR remained range-bound amid shifting dollar conditions.
Foreign-exchange market conditions supported rupee appreciation against the US dollar, driven by stronger domestic equity markets, a weaker US dollar and lower crude oil prices. The USD/INR pair remained broadly range-bound, with oil-price movements and Reserve Bank intervention identified as key near-term influences. The special USD-INR foreign-exchange swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings mobilised substantial foreign-exchange inflows.
August 25, 2026
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Section 301 tariffs may have lower impact where major exports remain outside their scope amid resilient domestic demand.
Economic resilience is attributed to buoyant domestic demand, increased manufacturing and services activity, improving liquidity conditions, credit growth, investment activity and rebounding foreign capital inflows. Recovery in the southwest monsoon improved kharif sowing and reservoir storage, partly mitigating agricultural-sector risks. US Section 301 tariffs are expected to have a comparatively lower effect because major Indian exports to the United States, including smartphones, petroleum products and pharmaceuticals, remain outside their scope. Foreign direct investment improved with higher gross inflows, while outward foreign direct investment continued to decline.
August 25, 2026
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BIS certification exemptions may be structured for high-tech manufacturers to ensure timely equipment imports and support domestic manufacturing operations.
Mandatory Bureau of Indian Standards (BIS) certification requirements for equipment and components used by high-technology manufacturers may be addressed through a proposed exemption framework. Possible exemptions may be structured at the company, industry, product, project or bulk level to support timely availability of imported equipment, goods and services for manufacturing operations. The approach is directed at high-technology industries generally, particularly semiconductor and artificial intelligence sectors, while addressing delays associated with mandatory certification and complex procedures for specialised imported parts and equipment.
August 25, 2026
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Corporate social responsibility should prioritise measurable community outcomes, transparency, capable implementing agencies, and strategic integration with sustainability objectives.
Corporate social responsibility should prioritise measurable community outcomes rather than expenditure alone. Effective CSR depends on community-responsive design, capable implementing agencies, rigorous monitoring, social audits, and transparent use of technology and data. Public sector enterprises may use thematic priorities, convergence with government programmes, and institutional collaboration to replace isolated interventions with strategic CSR. CSR capacity building encompasses legal and regulatory frameworks, governance, project planning, impact assessment, reporting, ESG and the Social Stock Exchange.
August 25, 2026
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Regional rural bank performance highlights improved profitability, asset quality, priority-sector lending, financial inclusion, and digital banking expansion.
Regional Rural Banks achieved prescribed priority-sector lending targets and sub-targets, expanded financial inclusion through new Pradhan Mantri Jan Dhan Yojana accounts, and recorded improvement in profitability, asset quality, and credit-deposit ratio. Digital banking adoption is to be accelerated to improve operational efficiency, customer experience, and banking access in rural and remote areas. Sponsor Banks are expected to strengthen information-technology infrastructure and support increased area-specific credit flows and innovative lending.
August 25, 2026
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Ethanol-blended fuel policy faces calls for consumer-focused review amid sugar supply pressures and older-vehicle compatibility concerns.
Consumer-focused review of the ethanol-blended fuel policy is sought because higher ethanol diversion may affect domestic sugar availability and prices, potentially requiring sugar imports that could reduce claimed foreign-exchange savings from lower petroleum imports. The review should address ethanol and sugar production, domestic prices, imports, and consumer, environmental and economic concerns. Availability of lower-blend fuel alongside E20 is advocated for owners of older vehicles, with consumer choice between E10 and E20 supporting a comprehensive reassessment.

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Trump tours Texas flood sites, defends officials amid mounting questions about response

July 12, 2025

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Kerrville (Texas), Jul 11 (AP) President Donald Trump on Friday toured the devastation from catastrophic flooding in Texas and lauded state and local officials, even amid mounting criticism that they may have failed to warn residents quickly enough that a deadly wall of water was coming their way.

Trump has repeatedly promised to do away with the Federal Emergency Management Agency as part of his larger pledges to dramatically shrink the size of government, and he's fond of decrying officials in Democrat-run states hit by past natural disasters and tragedy.

But the president struck a far more somber and sympathetic tone while visiting America's largest Republican state — highlighting the heartbreak of what happened while effusively praising elected officials and first responders alike.

“The search for the missing continues. The people that are doing it are unbelievable,” Trump, seated with officials around a table with emblazoned with a black-and-white “Texas Strong” banner, said at a makeshift emergency operations center inside an expo hall in Kerrville.

He later added, “You couldn't get better people, and they're doing the job like I don't think anybody else could, frankly." Since the July 4 disaster, which killed at least 120 people and left more than 170 missing, the president has been conspicuously silent on his past promises to shutter FEMA and return disaster response to the states. Instead, he's focused on the once-in-a-lifetime nature of what occurred in central Texas' Hill Country and its human toll.

“We just visited with incredible families. They've been devastated,” the president said of a closed-door meeting he and first lady Melania Trump had with the relatives of some of those killed or missing.

Trump's shift in focus underscores how tragedy can complicate political calculations, even though he has made slashing the federal workforce a centerpiece of his administration's opening months. He spent a lot of time Friday discussing the victims from Camp Mystic, the century-old all-girls Christian summer camp where at least 27 people were killed.

“They were there because they loved God. And, as we grieve this unthinkable tragedy, we take comfort in the knowledge that God has welcomed those little beautiful girls into his comforting arms in heaven,” Trump said.

The first lady described meeting “beautiful young ladies” from the area who she said gave her a “special bracelet from the camp in honor of all the little girls that lost their lives.” "We are here to honor them,” she said, promising to return to support the camp in the future.

Before arriving for his tour, Trump approved Texas' request to extend the major disaster declaration beyond Kerr County to eight additional counties, making them eligible for direct financial assistance to recover and rebuild.

“All across the country Americans' hearts are shattered. I had to be here as president," he said. "All the beautiful souls, and we're filled with grief and devastation. This, the loss of life. And unfortunately, they're still looking.” Trump also tried to steer away from partisanship, even saying at one point, “I don't want to say politics” while still bragging about reducing the cost of eggs around the country.

He also still insisted his administration “is doing everything it can to help Texas” and “we've got some good people” running FEMA. That is nonetheless a far cry from his call mere weeks ago to begin “phasing out” FEMA.

At the White House, Russell Vought, director of the Office of Management and Budget, similarly dodged questions Friday about FEMA's future. He said that the agency has billions of dollars in reserves “to continue to pay for necessary expenses” and that the president has promised Texas, “Anything it needs, it will get.” “We also want FEMA to be reformed,” Vought said. “The president is going to continue to be asking tough questions of all of us agencies, no different than any other opportunity to have better government.” On the ground in devastated communities, meanwhile, some state and local officials have faced questions about how well they were prepared and how quickly they acted — including if warning systems might have given more people time to evacuate.

Asked about such concerns during his appearance at the operations center in Kerrville, Trump called a reporter “evil” and said he thought “everyone did an incredible job under the circumstances.” “I admire you, and I consider you heroes,” Trump said of the officials around him.

He also praised a long list of Texas Republicans and had especially kind words for Rep. Chip Roy, who represents some of the hardest-hit areas. A staunch conservative, Roy initially opposed Trump's sweeping tax-cut and spending package but ultimately supported it.

“He's not easy, but he's good,” Trump said of Roy. The congressman, for his part, bristled at questions about authorities' flood response, calling the question about inadequate flood warnings “ridiculous." The visit began with Air Force One landing in San Antonio and Trump deplaning in a suit while the first lady wore more casual clothing — though both wore ball caps against the heat. The Trumps then boarded a helicopter to Kerrville and saw the flooding aftermath from the air, before meeting with victims' families and first responders.

Roads in the center of town were shut down, and people lined the streets, some wearing Trump hats and T-shirts and waving American flags. Green ribbons recognizing the lives lost at Camp Mystic were tied around trees, poles and along bridges, and marquees featured slogans such as “Hill Country Strong” and “Thank you first responders.” Trump won Kerr County with 77% of the vote last year.

Harris Currie, a rancher from Utopia, Texas, near Kerrville, said the flood devastation can be fully understood only by seeing it first-hand.

“Pictures do not do it justice,” Currie said.

Asked what officials on the ground needed most urgently from federal sources, Kerr County Commissioner Jeff Holt, who also is a volunteer firefighter, stressed the need for repairs to nonworking phone towers and “maybe a little better early warning system.” Trump himself has suggested that a warning system should be established, though few details have been offered on what that might eventually entail.

Friday's visit was far different from the other times the first couple visited natural disaster sites, during Trump's first weekend back in the White House in January. They toured North Carolina to scope out damage from Hurricane Helene and saw the aftermath of wildfires in Los Angeles, and the president sharply criticized the administration of his predecessor, President Joe Biden, and officials from deep-blue California.

“We'll be helping you from Washington, D.C., like no other president would," Trump said Friday. “The state of Texas, No. 1 they do it right and they've done it right for a long time. And it's a very special place to me.” (AP) NB NB

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