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    Rupee settles on flat note, 3 paise higher at 95.71 against US dollar
    VinFast India Partners with Federal Bank to Strengthen Dealer Financing Ecosystem
    Sugar prices soar to Rs 70 per kg ahead of festive season in Bengal, jaggery also dearer
    Rupee gains 9 paise to 95.65 against US dollar in early trade
    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
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    No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
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    Razorpay Launches Multi-Currency Account, Helping Exporters Retain International Earnings in Foreign Currencies
    DB HiTek to Make Debut at electronica India 2026, Targeting Growth in Indian Market
    BJP demands Vijayan’s resignation from Keralam LoP post over ED findings in CMRL case
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August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
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Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
Show AI Summary
India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
Show AI Summary
Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
Show AI Summary
Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.

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July 29, 2025

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New Delhi, Jul 29 (PTI) Following are the top stories at 1.10 pm: NATION

PAR20 LS-SINDOOR-SHAH 3 terrorists involved in Pahalgam eliminated, Amit Shah announces in Lok Sabha New Delhi: Three terrorists involved in the Pahalgam attack have been eliminated by security forces in a joint operation by the Army, CRPF and Jammu and Kashmir Police near Srinagar, Union Home Minister Amit Shah announced in the Lok Sabha on Tuesday.



DEL5 SONIA-GAZA PM's 'shameful silence' on Israel's assault on people of Gaza height of 'moral cowardice': Sonia New Delhi: Asserting that Israel's military campaign in Gaza amounts to "genocide", Congress parliamentary party chairperson Sonia Gandhi on Tuesday slammed the Modi government for being a "mute spectator to this affront to humanity", and said this was a "cowardly betrayal of our constitutional values".



DEL12 CONG-TEWARI-DEBATE 'Bharat ki baat sunata hoon: Tewari on being 'benched' by Cong during Op Sindoor debate New Delhi: Congress MP Manish Tewari on Tuesday evoked Manoj Kumar's iconic song from "Purab aur Pashchim" -- "Bharat ka rehne waala hoon, Bharat ki baat sunata hoon" -- as he shared on X a media report on being "benched" by his party during the Operation Sindoor debate.



DEL14 OPPN-SIR Opposition leaders protest against SIR in Parliament complex New Delhi: Several MPs of the INDIA bloc parties protested in the Parliament House complex on Tuesday against the Election Commission's voter roll revision in Bihar, and demanded its rollback.



PAR7 LS-FARMERS Income of several farmers more than doubled: Chouhan New Delhi: Agriculture Minister Shivraj Singh Chouhan on Tuesday asserted that steps taken by the government in the farm sector have led to doubling of income of several farmers.



DEL15 HP-WEATHER-LD HAVOC Three killed, one missing as flash flood wreaks havoc in Himachal's Mandi Shimla: Flash flood triggered by cloud burst wreaked havoc in Himachal Pradesh's Mandi town on Monday night, killing three people, burying more than 20 vehicles and inundating several houses, officials said on Tuesday.



BOM6 CG-NAXAL-ENCOUNTER Encounter breaks out between police and Naxalites in Chhattisgarh's Sukma Sukma: An encounter broke out between security forces and Naxalites in Chhattisgarh's Sukma district on Tuesday morning, a senior police official said.



BOM7 MH-PARTY-DRUGS-KHADSE My son-in-law's arrest in drugs case conspiracy to defame me: Khadse Pune: Former Maharashtra minister Eknath Khadse on Tuesday claimed the arrest of his son-in-law in a drugs case in Pune was a conspiracy to defame him as he had raised his voice about a "honeytrap" scandal.



BOM3 GA-ASSEMBLY-PANCHAYATS-DIGITAL From paper to portal: Goa rolls out digital push for village panchayat services Panaji: In a sweeping overhaul, almost all village panchayat services in Goa were being shifted online in a phased manner, bringing grassroots governance into the digital age, a minister has informed in the state assembly.



CAL4 AS-EVICTION Assam govt starts eviction drive to clear encroachment on 3,600 acres of forest land in Golaghat Golaghat (Assam): The Assam government on Tuesday began a massive eviction drive to clear alleged encroachment on over 3,600 acres of forest land in Golaghat district, officials said.



CAL10 BH-CABINET Bihar cabinet approves constitution of commission for upliftment of sanitation workers Patna: The Nitish Kumar government on Tuesday approved the constitution of the Bihar State Safai Karmachari Commission for the all-round socio-economic upliftment of sanitation workers in the state.



CAL11 AS-HIMANTA-GOGOI Gogoi's Parliament speech proves he acts on behalf of Pakistan: Himanta Guwahati: Assam Chief Minister Himanta Biswa Sarma on Tuesday claimed that Congress MP Gaurav Gogoi's speech in Parliament "proved beyond doubt that he acts on behalf of Pakistan".



MDS7 TL-NCLT-JAGAN NCLT allows Jagan's plea to cancel transfer of Saraswati Power shares to sister, mother Hyderabad: The NCLT Hyderabad bench on Tuesday allowed a petition filed by former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy seeking a direction to cancel the "illegal transfer" of shares held by him and his wife Bharathi in Saraswati Power and Industries in the names of his sister YS Sharmila and mother Vijayamma.



MDS5 ISRO-NISAR-SCIENTIST NISAR Mission would showcase Indian Space Engineering on a Global Scale: Ex-ISRO scientist Sriharikota (Andhra Pradesh): The NISAR mission, a collaborative effort between ISRO and NASA, will demonstrate Indian space engineering capabilities for Earth observation on a global scale, a top scientist has said.



MDS8 KL-NUNS-DELEGATIONS Nuns' arrest: UDF, BJP delegations arrive at Chhattisgarh Raipur/Thiruvananthapuram: Two delegations, one consisting Congress-led UDF MPs and another of the BJP Kerala unit, on Tuesday arrived in Chhattisgarh to visit the Catholic nuns from the state, who had been arrested recently on charges of human trafficking and forced conversion.

LEGAL

LGD10 SC-BIHAR-ELECTORAL ROLLS SC fixes timeline for considering pleas on SIR in Bihar; hearing to start from August 12 New Delhi: The Supreme Court on Tuesday fixed a timeline for considering a batch of pleas challenging the Election Commission's Special Intensive Revision (SIR) exercise in Bihar, and said that hearing on the issue will be held on August 12 and 13.



LGD6 SC-PRESIDENTIAL REFERENCE-BILLS SC fixes schedule for hearing Presidential Reference on timeline for assent to state bills New Delhi: The Supreme Court on Tuesday fixed a time schedule for hearing the Presidential Reference raising constitutional issues on whether timelines could be imposed for dealing with bills passed by assembly, and proposed to start the hearing from August 19.



LGD9 DL-COURT-NATIONAL HERALD National Herald case: Court defers order on cognisance of ED chargesheet New Delhi: A Delhi court on Tuesday deferred its order on taking cognisance of the chargesheet filed by the Enforcement Directorate (ED) in the National Herald case.



LGD11 SC-KATARA Nitish Katara murder: SC extends interim bail of Vikas Yadav by 4 weeks New Delhi: The Supreme Court on Tuesday extended by four weeks the interim bail granted to Vikas Yadav, undergoing a 25-year jail term in the 2002 Nitish Katara murder case, to attend to his ailing mother.



LGD13 SC-CONTEMPT NOTICE-JUDGE SC issues contempt notice over scurrilous allegations against Telangana HC judge New Delhi: The Supreme Court on Tuesday issued contempt notices to a litigant and his lawyers for making "scurrilous allegations" against a sitting judge of the Telangana High Court in their plea.



LGD12 SC-ABDULLAH AZAM KHAN SC stays trial in two cases involving Azam Khan's son Abdullah New Delhi: The Supreme Court on Tuesday stayed an order of the Allahabad High Court directing Rampur's MP-MLA court to proceed with the trial in two cases linked to former MLA and senior Samajwadi Party leader Azam Khan's son Mohammad Abdullah Azam Khan.

FOREIGN

FGN9 CHINA-FLOOD-LD DEATHS 30 killed in heavy floods in Beijing  Beijing: Thirty people have died and over 80,000 others were relocated in the latest round of heavy rainstorms in Beijing, the city's municipal flood control headquarters said on Tuesday.



FGN10 UN-SHAH-COOPERATIVES Cooperatives in India now medium for innovation, self-reliance: Amit Shah to UN United Nations: Cooperatives in India have gone beyond their traditional boundaries and are now a medium for innovation and self-reliance in areas such as digital services, energy and financial inclusion, Home Minister and Minister of Cooperation Amit Shah told the UN.



FGN14 SINGAPORE-NAIDU-INVESTORS Andhra Pradesh CM Naidu invites Singapore entrepreneurs to invest in his state Singapore: Andhra Pradesh Chief Minister N Chandrababu Naidu has invited Singapore-based investors and entrepreneurs to participate in India's development drive and listed a wide range of projects planned and being implemented in his state.

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