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    Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs 3rd Meeting of Apex Monitoring Authority of NICDIT and reviews the pro...
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August 18, 2026
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Industrial corridor development prioritises empowered SPVs, integrated infrastructure and investor-ready parks to accelerate manufacturing investment and operations.
National Industrial Corridor Development Programme implementation prioritises timely infrastructure completion, land allotment, investment mobilisation and commencement of manufacturing. PM GatiShakti-aligned planning requires integrated connectivity, utilities and social infrastructure, while States should resolve land, clearance and SPV-power bottlenecks. BHAVYA proposes investment-ready, plug-and-play industrial parks appraised for ready land, credible demand, connectivity, utilities, realistic phasing and early investor attraction. NICDIT routes Government participation and equity support for BHAVYA project SPVs, and NICDC coordinates implementation and monitoring.
August 17, 2026
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RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
August 17, 2026
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Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
August 17, 2026
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Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
August 17, 2026
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FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
August 17, 2026
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Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
August 17, 2026
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Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
August 17, 2026
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SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
August 17, 2026
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FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
August 16, 2026
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Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
August 16, 2026
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Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
August 16, 2026
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Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
August 16, 2026
Show AI Summary
LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
August 16, 2026
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Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
August 15, 2026
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Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
August 15, 2026
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Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
August 15, 2026
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Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
August 15, 2026
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Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
August 15, 2026
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Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
August 15, 2026
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Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.

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HIGHLIGTS

August 6, 2025

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New Delhi, Aug 6 (PTI) Following are the top stories at 9.15 pm: NATION DEL107 PM-CHINA-2NDLD VISIT

As part of 2-nation trip, PM Modi expected to visit China later this month New Delhi: After a gap of over seven years, Prime Minister Narendra Modi is expected to travel to China later this month to attend the annual summit of the Shanghai Cooperation Organisation (SCO), people familiar with the matter said on Wednesday.

DEL109 2NDLD UTTARKASHI

Rescuers retrieve two bodies in Dharali amid bad weather; NDRF team reaches site Uttarakashi (Uttarakhand): As the sun set over the flood-ravaged Himalayan village of Dharali with 190 people rescued and two bodies recovered on Wednesday, fears mounted for those still trapped under the massive river of sludge that buried scores of houses, trees and cars.

DEL78 OPPN-PAR-LD LOGJAM

Oppn suggests debate on 'electoral reforms' as 'middle path' to end parliament logjam on SIR New Delhi: The Opposition has proposed allowing a discussion on "electoral reforms" as a "middle path" to end the deadlock in Parliament over the demand for a debate on the Special Intensive Revision (SIR) of electoral rolls in Bihar, according to sources within the opposition parties.

DEL104 VP POLL-LD SHINDE

Eknath Shinde meets PM Modi, Amit Shah; announces support to NDA for vice-presidential poll New Delhi: Shiv Sena leader and Maharashtra Deputy Chief Minister Eknath Shinde on Wednesday announced his party's "unconditional support" to the BJP-led alliance, of which he is a key member, for the vice-presidential election scheduled for September 9.

DEL53 PM-KARTAVYA BHAVAN-LD INAUGURATION (RPT)

PM Modi inaugurates Kartavya Bhavan New Delhi: Prime Minister Narendra Modi on Wednesday inaugurated Kartavya Bhavan, the first of the 10 upcoming Common Central Secretariat buildings which will house offices of all ministries.

PAR17 LS-2NDLD SIR-RIJIJU

Bihar SIR cannot be discussed in House as matter before Supreme Court: Rijiju in Lok Sabha New Delhi: Turning down the Opposition's demand for a discussion on electoral roll revision in Bihar, the government asserted in the Lok Sabha on Wednesday that matters pending before the judiciary cannot be discussed on the floor of the House.

DEL111 DL-TL-CM 2ND LD PROTEST

Telangana CM leads protest in Delhi for Prez nod to state backward classes quota bills New Delhi: Telangana Chief Minister A Revanth Reddy on Wednesday led a protest at the Jantar Mantar here to demand Presidential assent for the Backward Classes reservation bills and alleged that the BJP-led central government was stalling the bills passed by the state legislature as it was "anti-OBC".

DEL83 UKD-CLOUDBURST-EXPERTS

Did cloudburst cause Uttarkashi flash flood? Experts say rain data doesn't support claim Dehradun: A cloudburst in the upper catchment of the Kheer Ganga river is widely believed to have triggered the flash flood in Uttarkashi's Dharali, but experts feel the amount of rain the Uttarkashi district received on Tuesday was not enough for it to be termed a "cloudburst".

DEL70 JK-LD OMAR

Wrote to parties to push for bill on restoration of JK's statehood in Parliament: Omar Abdullah Srinagar: Chief Minister Omar Abdullah on Wednesday said he has written to several parties with a sizeable presence in Parliament, seeking their support for the introduction of a bill for the restoration of Jammu and Kashmir's statehood in the ongoing Monsoon session.

BOM31 MH-PIGEONS-3RDLD PROTESTERS

Ruffled feathers: Protesters remove tarpaulin from Mumbai pigeon feeding spot, clash with cops Mumbai: High drama unfolded in Mumbai's bustling Dadar area as angry protesters on Wednesday morning forcibly removed the tarpaulin put up by the city civic body to cover a popular pigeon feeding spot in compliance with a Bombay High Court order, leading to clashes with police.

BOM28 MH-ELEPHANT-2ND LD RELOCATION

Vantara proposes rehab centre for ‘Madhuri’ near Kolhapur Mumbai: Vantara, the Jamnagar-based animal rehabilitation centre, on Wednesday proposed to work in close coordination with Maharashtra Government and the Jain math to establish a satellite rehabilitation centre for elephant Madhuri (also called Mahadevi) at Nandani in Kolhapur district.

CAL37 OD-STUDENT-LD IMMOLATION

Odisha: College student immolates self after ex-boyfriend threatens to upload intimate pics Kendrapara (Odisha): A female college student died after she allegedly immolated herself at her house in Odisha's Kendrapara district on Wednesday following her former boyfriend's threat to upload her intimate photographs on social media, police said.

MDS9 TN-ECONOMIC GROWTH-LD CM

Stalin says Tamil Nadu's economic growth has increased to 11.19 per cent Chennai: Tamil Nadu Chief Minister M K Stalin on Wednesday said that under the Dravidian model regime, the state's economic growth has increased to 11.19 per cent, touching a new high.

BUSINESS DEL102 BIZ-2NDLD RBI

RBI keeps interest rates unchanged amid uncertainty over Trump's tariffs Mumbai: The Reserve Bank of India (RBI) kept its policy interest rate unchanged on Wednesday as it appeared to have taken a wait-and-watch approach to assess the full unveiling of US President Donald Trump's trade policies as well as transmission of past rate cuts.

PAR19 LS-LD SHIPPING-BILL

LS passes Merchant Shipping Bill; second Bill to be passed in Monsoon session amid din New Delhi: A bill to expand the eligibility criteria for ownership of merchant shipping vessels and provide for investigation and enquiries on marine casualties was passed by the Lok Sabha on Wednesday, after a brief discussion as the Opposition continued with its protests seeking discussion on poll roll revision in Bihar.

LEGAL LGD15 SC-TN-LD WELFARE SCHEMES

SC junks HC order asking TN govt not to use names, photos of CM in welfare schemes New Delhi: In a major victory for the DMK, the Supreme Court on Wednesday set aside an order directing the Tamil Nadu government not to use the name and photos of Chief Minister M K Stalin and other party stalwarts in state welfare schemes.

LGD30 SC-WOMEN ARMY OFFICERS-LD PC

Female, male Army officers can't be evaluated for permanent commission on same criteria, SC told New Delhi: The Supreme Court on Wednesday informed that female and male officers of the Indian Army, comprise two unequal and distinct classes, and can't be considered together for grant of permanent commission on the same criteria and cut-off marks.

LGD24 SC-HAND RICKSHAWS-MATHERAN

SC orders end of ‘inhuman’ hand-pulled rickshaws in Maharashtra's Matheran New Delhi: Dismayed over the use of hand-pulled rickshaws even after 78 years of country's independence, the Supreme Court on Wednesday directed the Maharashtra government to stop the “inhuman” practice within six months in Matheran and switch to e-rickshaws instead.

LGD22 SC-SEXUAL VIOLENCE

Sexual violence by parent tears through foundational fabric of familial trust: SC New Delhi: Observing incestuous sexual violence by a parent "tears through" the foundational fabric of familial trust, the Supreme Court has upheld a man's punishment for raping his minor daughter.

LGD21 DL-HC-DOGS-REHABILITATION

Dog great friend of humans, should be treated nicely: Delhi HC New Delhi: The Delhi High Court on Wednesday said dogs were "great" friends of humans and should be treated nicely as it called upon authorities to ensure dog-human conflict should be minimised in the capital.

FOREIGN FGN39 BIZ-US-INDIA-LD TARIFF

Trump doubles tariff on India to 50 pc for buying Russian oil Washington/New Delhi: US President Donald Trump on Wednesday slapped an additional 25 per cent tariff on goods coming from India as penalty for New Delhi's continued purchase of Russian oil, a move that is likely to hit sectors such as textiles, marine and leather exports hard.

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