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    Mission SAKSHAM: Scaling Capability through Co-operation - Keynote Address by Shri Swaminathan J, Deputy Governor at Mission SAKSHAM Programme for Dir...
    India’s Foreign Exchange Markets: Getting ready for the next Decade [Keynote Address delivered by Deputy Governor Shri Rohit Jain on the Annual Day ...
    Govt rejects ethanol link to sugar price surge, says duty free imports allowed to curb prices
    China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence
    India's forex kitty swells USD 9.9 bn to USD 716.9 bn
    Bengaluru airport: AERA slashes user development fee to Rs 300 for domestic passengers
    NUMR Inc. helps deliver Axis Bank's data-driven excellence in customer experience
    ED can't add old FIR to Enforcement Case Information Report to sustain PMLA proceedings: Delhi HC
    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
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    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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    Quebec remains cautious on Canada-US trade deal as Ottawa pushes to restore US alcohol
    No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31; caps sugar stock for bulk consumers
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31
    DFS Organises Workshop to Strengthen Implementation of Reservation Policy Across Public Financial Institutions
    DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem and Drive Innovation
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August 21, 2026
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Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
August 21, 2026
Show AI Summary
Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
Show AI Summary
Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
Show AI Summary
Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
Show AI Summary
Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
August 21, 2026
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Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
August 21, 2026
Show AI Summary
Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.

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News and Press Release

PM GatiShakti National Master Plan Evaluates 293 Infrastructure Projects Worth ₹13.59 Lakh Crore

August 5, 2025

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PM GatiShakti National Master Plan (PMGS NMP) was launched in October 2021. Since the launch, substantial progress has been made, which includes development of the geospatial platform, integration of multiple georeferenced data, provision of planning tools/software for planning infrastructure projects (including socio-economic infrastructure), and capacity building. Mechanism of Network Planning Group(NPG) has been institutionalised, under which infrastructure projects are evaluated for integrated planning, multimodality, inter-modality, synchronization of efforts, whole of Government approach and Last-mile connectivity in and around the project catchment area. So far, 293 infrastructure projects amounting to Rs. 13.59 Lakh Crore have been evaluated through the NPG mechanism.

Under PM GatiShakti initiative, as on date, 57 Central Ministries/Departments including 8 Infrastructure, 22 Social and 27 Economic & other Ministries/Departments have been onboarded on PMGS NMP. 36 States/UTs have also been onboarded on PMGS NMP. About 1700 data layers, including 969 layers from States/UTs and 731 layers from Central Ministries/Departments, have been mapped and integrated on the PMGS NMP. Year wise progress made under PMGS is given in Annexure-A

The PM GatiShakti National Master Plan has no specific or separate fund allocation. However, Ministry of Finance, Department of Expenditure through Part- II of the "Scheme for Special Assistance to States for Capital Investment for 2022- 23" made a provision of ₹ 5000 crores for disbursement among the States for PMGS related infrastructure development.

36 new Ministries/Departments, in addition to initial 21, have been included in the PMGS-National Master Plan. As on date, total 57 Central Ministries/Departments have been onboarded on PMGS NMP. The details are given in Annexure-B

This information was given by the Minister of State for Ministry of Commerce & Industry, Shri Jitin Prasada, in a written reply in the Lok Sabha today.

 ANNEXURE-A

ANNEXURE REFERRED TO IN REPLY TO PART (a) OF THE LOK SABHA UNSTARRED QUESTION 2658 FOR ANSWER ON 01.08.2025.

Year 2021 - 2022

  • PMGS NMP was launched.
  • Institutional mechanism of NPG was set up.
  • Initiation of onboarding of Infrastructure Ministries.
  • Mapping of assets of infrastructure Ministries and planning of infrastructure projects on the PMGS NMP platform.
  • Training and Capacity Building exercise for PM GatiShakti started. Five workshops/training sessions conducted for training and capacity building of officers, wherein about 500 officers participated.

Year 2022 - 2023

  • 8 Key infrastructure Ministries onboarded.
  • Mapping of assets of infrastructure Ministries and planning of infrastructure projects on the National Master Plan portal.
  • 71 infrastructure projects of Central Ministries evaluated in NPG.
  • A digital learning course on PM GatiShakti launched on iGoTKarmayogi platform.
  • About 50 workshops/training session, including 05 regional/state level workshops, conducted for training and capacity building of officers wherein more than 5000 officers participated.

Year 2023 - 2024

  • 2 Social Sector Ministries/Departments onboarded.
  • Mapping of assets of Social Sector Ministries on the PMGS NMP portal.
  • 73 infrastructure projects of Central Ministries evaluated in NPG.
  • Social sector project planning by Ministries on the PMGS NMP portal.
  • An MoU was signed with Gati Shakti Vishwavidyalaya, which was set up in December 2022.
  • A digital learning course on National Logistics Policy launched on iGoTKarmayogi platform.
  • About 100 workshops/training sessions, including 10 regional/state level workshops, conducted for training and capacity building of officers wherein more than 10000 officers participated.

Year 2024 - 2025

  • 20 Economic sector Ministries onboarded.
  • 05 other Ministries/Departments onboarded.
  • Mapping of assets of Economic Ministries on the PMGS NMP.
  • 121 infrastructure projects of Central Ministries evaluated through the NPG mechanism.
  • District Master Plan (DMP) launched for 28 aspirational districts to enable geospatial data driven planning by adopting the Area Development Approach at district level.
  • Digital learning courses on PM GatiShakti- Roles and Responsibilities and PM GatiShakti for effective infrastructure planning and development, launched on iGoTKarmayogi platform.
  • More than 100 workshops/training sessions, including 10 regional/state level workshops, conducted for training and capacity building of officers wherein more than 10000 officers participated.

Year 2025 - 2026

  • 02 other Ministries/Departments onboarded.
  • Standard Operating Process (SOP) for 50 no. of Ministries/Departments finalized/revised.
  • A group of JS level officers including existing NPG members, BISAG-N, MeitY and MoHUA has been set up for technical upgradation and technical issue resolution of PMGS NMP.
  • A single Sign-On User Management System using NIC JanParichay has been implemented through which access of PMGS NMP was provided to States/UTs.
  • 28 infrastructure projects of Central Ministries evaluated through the NPG mechanism.
  • About 25 workshops/training sessions (Ministry wise) conducted for training and capacity building of officers wherein 100 officers participated. Under the Capacity Building initiative, more than 25000 officers got trained cumulatively.

ANNEXURE-B

ANNEXURE REFERRED TO IN REPLY TO PARTS (c) & (d) OF THE LOK SABHA UNSTARRED QUESTION 2658 FOR ANSWER ON 01.08.2025.

List of Ministries onboarded on PMGS NMP

INFRASTRUCTURE (8 Ministries/Departments)

Sr. No

Name of Ministry

Department

1.

Ministry of Railway (MoR)

 

2.

Ministry of Road Transport and Highways (MoRTH)

 

3.

Ministry of Civil Aviation (MoCA)

 

4.

Ministry of Port, Shipping and Waterways (MoPSW)

 

5.

Ministry of Petroleum and Natural Gas (MoPNG)

 

6.

Ministry of Communication

Department of Telecommunication (DoT)

7.

Ministry of Power (MoP)

 

8.

Ministry of New and Renewable Energy (MNRE)

 

 

SOCIAL (22Ministries/Departments)

1.

Ministry of AYUSH

 

2.

Ministry of Culture

 

3.

Ministry of Education

Department of Higher Education,

Department of School, Education & Literacy

4.

Ministry of Health and Family Welfare

Department of Health & Family Welfares Facilities

Department of Health Research

5.

Ministry of Jal Shakti

Department of Drinking Water & Sanitation

Department of Water Resources, River Development & Ganga Rejuvenation

6.

Ministry of Labour and Employment

 

7.

Ministry of Housing and Urban Affairs (MoHUA)

 

8.

Ministry of Minority Affairs (MoMA)

 

9.

Ministry of Panchayati Raj (MoPR)

 

10.

Ministry of Rural Development (MoRD)

 

11.

Ministry of Skill Development and Entrepreneurship (MSDE)

 

12.

Ministry of Social Justice and Empowerment

Department of Social Justice

Department of Empowerment of Persons with Disabilities

13.

Ministry of Sports and Youth Affairs (MoSYA)

Department of Sports

Department of Youth Affairs

14.

Ministry of Tribal Affairs (MoTA)

 

15.

Ministry of Tourism

 

16.

Ministry of Women and Child Development (MoWCD)

 

17.

Ministry of Communication* *Ministry already counted in Infra ministries

Department of Post

 

ECONOMIC (20 Ministries/Departments)

1.

Ministry of Commerce and Industries (MoCI)

Department for Promotion of Industry and Internal Trade (DPIIT)

Department of Commerce

2.

Ministry of Agriculture and Farmers Welfare

 

3.

Ministry of Chemical and Fertilizers

Department of Fertilizers

Department of Chemical and Petrochemicals

Department of Pharmaceuticals

4.

Ministry of Consumer Affairs and Public Distribution

Department of Food and Public Distribution

Department of Consumer Affairs

5.

Ministry of Coal

 

6.

Ministry of Earth Science

 

7.

Ministry of Electronic and Information Technology (MEITY)

 

8.

Ministry of Fisheries, Animal Husbandry and Dairying

Department of Animal Husbandry, Dairying

Department of Fisheries

9.

Ministry of Food Processing Industries

 

10.

Ministry of Heavy Industries

 

11.

Ministry of Mines

 

12.

Ministry of Steel

 

13.

Ministry of Textile

 

14.

Ministry of Micro, Small and Medium Enterprises (MSME)

 

15.

Ministry of Finance

Department of Revenue

OTHER (7 Ministries/Departments)

1.

Ministry of Defence

 

2.

Ministry of Development of North Eastern Region

 

3.

Ministry of Co-operation

 

4.

Ministry of Environment, Forest and Climate Change

 

5.

Ministry of Home Affairs

 

6.

Ministry of Information Broadcasting

 

7.

Ministry of Personnel, Public Grievance & Pensions

Department of Personnel & Training

 

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Acts Income Tax