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    RBI's USD-INR Swap Facility Sparks Unprecedented Forex Inflows into India, Banks Raise USD 73 Billion in eleven weeks
    Rupee falls 4 paise to 95.74 against US dollar in early trade
    Former cop Waze files fresh plea in Mumbai court, wants PMLA case against him dropped
    Rupee settles 1 paisa higher at 95.70 against US dollar
    Ontario's premier: Canada should be ready to cut electricity, critical minerals as trade woes worsen
    UIDAI, Army launch Aadhaar biometric update camps for students in Assam's Tamulpur
    J&K PCC chief opposes electricity tariff hike, demands immediate rollback
    Govt lifts ban on wheat exports to protect farmers interest amid depressed local prices
    FDA suspends licences of five food outlets on Mumbai Cricket Association premises
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    No sugar shortage in India, prices to ease in coming days following govt's measures: ISMA
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    From Syrup Diversion to Sugar Production: SED's Integrated Process House Solution for Shivshakti Sugars' 7,500 TCD Plant
    Chandigarh University Provides In-House Training for Civil Services, Defence, Management, Banking & PSUs
    ICSI inaugurates new Chapter Office in Hyderabad
    Curis Lifesciences Charts a New Growth Path with Uninova, Export Markets and Branded Pharma Expansion
    IBC @ Crossroads: A Decade of Evolution, The Road Ahead
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman will embark on official visit to Canada and USA from 25th August to 2nd Septemb...
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August 25, 2026
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USD-INR forex swap facility accelerates foreign-currency mobilisation through non-resident deposits and institutional borrowing, strengthening India's external buffers.
USD-INR forex swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings enabled banks to access foreign-currency funding through a special swap window. FCNR(B) deposits formed the principal component of the reported foreign-exchange inflows, reflecting participation by non-resident Indians. The FCNR(B) window was scheduled for early closure after the stated mobilisation objective was achieved ahead of schedule, and the inflows were presented as strengthening external buffers through long-term non-resident deposits and institutional funding.
August 25, 2026
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Foreign-exchange intervention moderated rupee depreciation as crude prices, importer dollar demand and geopolitical uncertainty sustained currency-market pressure.
Foreign-exchange conditions reflected a marginal weakening of the rupee against the US dollar, influenced by elevated crude-oil prices, importer demand for dollars, weaker Asian equities and geopolitical uncertainty. The currency remained within a narrow trading band, with RBI dollar sales described as moderating sharper depreciation. The RBI's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised substantial foreign-exchange inflows, indicating support from non-resident Indian participants.
August 24, 2026
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Prior government sanction for public servants is contested as essential before money-laundering proceedings may validly proceed for official-duty acts.
Prior prosecution sanction is asserted to be a jurisdictional precondition for money-laundering proceedings against a public servant for acts connected with official duty. A former police officer challenges cognizance and process for want of sanction under the criminal procedure framework and the Maharashtra Police Act, relying on sanctions subsequently granted for co-accused public servants. The allegations concern collection of funds through the officer and their alleged laundering through an educational trust.
August 24, 2026
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Rupee exchange-rate movement gained marginal support from foreign equity inflows despite crude oil, importer demand and geopolitical pressures.
Rupee exchange-rate movement against the US dollar reflected a marginal appreciation, supported by foreign fund inflows into domestic equities. Trading remained within a narrow range amid pressures from higher crude oil prices, continuing importer demand, and geopolitical concerns. Market conditions also included a stronger dollar index, lower Brent crude futures, domestic equity declines, and net foreign institutional investment. Elevated oil prices and geopolitical uncertainty indicated a slight negative bias, while possible US dollar weakness could support the rupee.
August 24, 2026
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Retaliatory trade measures may target electricity, critical minerals and integrated automotive supply chains amid escalating cross-border tariff disputes.
Canada-United States trade relations involve escalating tariffs and contemplated reciprocal restrictions affecting goods, automotive production, electricity exports and critical-mineral supplies. Potential Canadian countermeasures include limiting or increasing the price of Ontario electricity exports and restricting supplies of critical minerals, with oil and potash also identified as possible leverage. The automotive sector faces particular exposure because Ontario production and supply chains are integrated with United States manufacturing. Negotiations also raised concern over limits on Canada's ability to conclude trade agreements with other countries without United States approval.
August 24, 2026
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Mandatory biometric updates for students support continued Aadhaar authentication and access to education, scholarship and benefit-related services.
Mandatory Biometric Update camps have been launched in schools across Tamulpur district, Assam, for eligible students aged 5 to 17 years to update Aadhaar biometrics. Aadhaar biometrics require updating on attaining five years of age and again on attaining fifteen years. Timely updating supports continued Aadhaar authentication and helps avoid difficulties in accessing services where authentication is applicable, including school admissions, entrance-examination registration, scholarships and Direct Benefit Transfer schemes.
August 24, 2026
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Electricity tariff affordability requires immediate review, withdrawal of higher consumer charges, and relief measures for economically weaker households.
Electricity tariff increase in Jammu and Kashmir has been opposed as imposing an unjustified and unaffordable financial burden on domestic consumers amid rising household costs. Immediate review and withdrawal of the increase are sought, together with measures to reduce electricity costs for domestic consumers, particularly economically weaker sections, and ensure affordable, reliable power supply.
August 24, 2026
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Wheat export liberalisation replaces prohibitions to support farm prices while domestic stocks are expected to protect consumer supply.
Wheat and wheat-product exports are liberalised with immediate effect by revising their export policy from prohibited to free. The change covers wheat, wheat flour, maida, semolina and wholemeal atta, replacing the earlier export-ban framework and simplifying exports previously permitted through licences. The measure aims to support farmers amid depressed domestic prices, while adequate domestic availability and buffer stocks are expected to meet demand and moderate consumer prices.
August 24, 2026
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Food safety compliance failures trigger licence suspensions for deficient hygiene, storage, refrigeration, sanitation and valid licensing practices.
Food safety enforcement measures resulted in suspension of food licences or registrations where establishments failed hygiene, food handling, storage, refrigeration, sanitation and licensing requirements. Deficiencies included unsafe temperature control, unclean refrigeration equipment, improper food storage and thawing, inadequate sanitisation, deteriorated or expired materials, deficient oil-quality checks, artificial colouring, pest infestation, cross-contamination risks and inadequate drainage. One outlet was also found to be operating under the name of an establishment without a valid food licence, resulting in suspension of its registration certificate.
August 24, 2026
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Central Board Governance expands through appointments of part-time non-official directors for defined terms, alongside central bank and government representatives.
Appointments to the Reserve Bank of India's Central Board expand its part-time, non-official director membership. Syed Akbaruddin, Annie George Mathew and Janmejaya Kumar Sinha have been appointed for four years from 24 August 2026, or until further orders, whichever occurs earlier. The Central Board also includes the Governor, deputy governors, the economic affairs secretary and the financial services secretary.
August 24, 2026
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Electricity tariff adjustment is linked to inflation and transmission losses, while free household units remain separately implemented.
Electricity tariff increase of 6.83 per cent after four years is presented as necessary in light of inflation and rising costs. Reducing transmission and distribution losses is identified as a means of limiting future tariff increases. Provision of 200 units of free electricity for poor and needy households through solar panels under the Muft Bijli Yojana is treated as distinct from tariff revisions.
August 24, 2026
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Sugar supply management measures target speculative stockpiling through imports, stockholding limits and earlier crushing to moderate prices.
Sugar supply is characterised as adequate, and higher prices are attributed principally to speculative buying and advance stockpiling, alongside lower output, seasonal demand and global price pressures rather than an actual shortage. Duty-free raw sugar imports and stockholding limits are intended to augment availability, curb speculative accumulation and stabilise market sentiment. Imports, existing stocks, special crushing and an earlier crushing season are expected to moderate prices and improve festive-period supply. Ethanol diversion is not identified as a cause of the price movement.
August 24, 2026
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Wheat export policy shifts to free trade, lifting restrictions on wheat flour, maida, semolina and wholemeal atta exports.
Wheat export policy has been revised from prohibited to free with immediate effect, lifting the export ban on wheat and related wheat products. The liberalised export treatment extends to wheat flour, maida, semolina and wholemeal atta. The restriction had been imposed to address rising domestic prices, and its removal is expected to improve international wheat availability.
August 24, 2026
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Bogus input tax credit fraud investigation examines fabricated invoices, circular transactions, layered funds and alleged proceeds of crime.
Investigation into alleged bogus input tax credit fraud involved searches under the anti-money-laundering framework. The alleged scheme involved fabricated invoices and e-way bills without actual movement of goods, circular transactions, layered funds, cash withdrawals and bogus or non-existent entities. GST authorities identified fraudulent availment of input tax credit causing wrongful loss to the government exchequer. The investigation focused on tracing alleged proceeds of crime, identifying beneficiaries, and securing documentary and digital evidence.
August 24, 2026
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Sugar crystallization process integration combines evaporator upgrades, continuous boiling, heat recovery and automation for efficient plantation white sugar production.
Sugar manufacturing process integration is proposed through strengthening an existing evaporator station and adding a sugar crystallization section to convert syrup production into plantation white sugar production. The scope covers design, engineering, equipment supply, erection and commissioning of condensate heaters, falling film evaporators, heat-recovery systems, continuous pans, vacuum systems and crystallizers. Continuous massecuite boiling will use chamber-specific control, while evaporator recirculation and online chemical-cleaning provisions support process control and low-grade vapour utilisation.
August 24, 2026
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Competitive examination preparation supports career pathways in civil services, public employment, management, defence, research and international higher education.
Career-development and competitive-examination preparation is offered alongside academic programmes for civil services, government and public-sector employment, banking, engineering higher education, management, defence, teaching, research and overseas education. UPSC, SSC-CGL, Bank PO, GATE, CAT, CDS, UGC-NET, GRE, GMAT and IELTS preparation includes courses, workshops, mentorship, expert guidance and examination-specific resources. Access to examinations, admissions and career opportunities remains subject to applicable eligibility, selection and institutional criteria.
August 24, 2026
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Corporate governance professionals gain expanded training infrastructure as Hyderabad's new Chapter Office supports Company Secretaries and students.
Institute of Company Secretaries of India has inaugurated a Chapter Office in Hyderabad to expand infrastructure for professional education, training, examinations, meetings, capacity-building programmes and stakeholder engagement. The facility is intended to support Company Secretaries and students and enable wider professional and educational activities. Company Secretaries are identified as corporate governance professionals, with expanding regulatory requirements and the formalisation and listing of micro, small and medium enterprises creating potential demand for qualified professionals.
August 24, 2026
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Diversified pharmaceutical growth combines branded portfolio expansion, contract manufacturing, merchant exports, and regulatory registrations for international market development.
Curis Lifesciences Limited plans a diversified pharmaceutical strategy spanning domestic branded products, contract manufacturing and international market development. Its majority acquisition of Uninova Lifesciences is intended to strengthen own-brand marketing, distribution and portfolio expansion, including injectable products through third-party manufacturing. International initiatives include merchant exports in Kenya and a Nigerian joint venture pursuing own-brand regulatory registrations alongside contract-manufacturing and export opportunities. Commercial development in Nigeria remains contingent on relevant licences and purchase orders, while projections are subject to regulatory, market and other business factors.
August 24, 2026
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Insolvency framework reform prioritises efficient resolution, value maximisation, stakeholder coordination, institutional strengthening and technology-enabled asset recovery.
Insolvency and Bankruptcy Code, 2016, entered its tenth year amid deliberations on legislative amendments, resolution timelines, stakeholder interests and value maximisation. Key areas included resolution plans and tax implications, liquidation processes, recent judicial developments, stakeholder coordination, and the roles of insolvency professionals, regulators, banking institutions and adjudicatory processes. Technological innovation, including artificial intelligence for asset tracing and recovery, alongside regulatory strengthening, capacity building and stakeholder collaboration, was emphasised for the future development of the insolvency ecosystem.
August 24, 2026
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Bilateral economic and financial cooperation will advance through investment dialogues, business engagement, financial-sector partnerships, and global economic discussions.
Official visits to Canada and the United States are scheduled to strengthen bilateral economic and financial partnerships, deepen investment linkages, and advance cooperation on global economic priorities. Engagements include an Economic and Financial Dialogue, investment and business roundtables, corporate meetings, and discussions on financial-sector cooperation, technology, innovation, critical minerals, resilient supply chains, and a Comprehensive Economic Partnership Agreement. Participation in the G20 Finance Ministers and Central Bank Governors Meeting will address global economic growth, stability, and international financial cooperation.

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IIM Calcutta launches Advanced Programme in Smart Manufacturing Leadership to drive India's Industry 4.0 revolution

August 13, 2025

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This programme is offered in partnership with VCNow Executive Education - a brand owned by Unified Collaboration Services LLP. KOLKATA, India, Aug. 13, 2025 /PRNewswire/ -- As India advances towards its goal of becoming a USD 5 trillion economy, the government is focused on enhancing the manufacturing sector, particularly through smart and digital manufacturing initiatives. With the 'Make in India' initiative having gained momentum, the National Policy on Electronics and the Production Linked Incentive (PLI) Scheme are further underlining the government's dedication to establishing India as a prominent global manufacturing hub. According to a report by OmniScience Capital, India's manufacturing sector is expected to play a pivotal role in driving economic growth, contributing 20% to the country's GDP by 2035 and presenting a potential market opportunity worth USD 3 trillion. To meet the demand for visionary leaders in this field, IIM Calcutta is launching the Advanced Programme in Smart Manufacturing Leadership (APSML) in collaboration with VCNow Executive Education, a brand owned by Unified Collaboration Services LLP. This unique eight-month programme targets senior professionals, plant heads, CXOs, operations leaders and entrepreneurs who aspire to implement smart and digital manufacturing strategies, utilizing Industry 4.0 technologies to achieve operational excellence and enhance competitiveness. "At IIM Calcutta, we are committed to developing future-ready leaders. The APSML programme is a strategic step towards empowering professionals to lead India's smart manufacturing revolution with vision, innovation, and technological excellence," said Prof. Alok Kumar Rai, Director, IIM Calcutta. "As we continue to push the boundaries of innovation and smart manufacturing, this programme represents a significant commitment to shaping the future of our industry and our nation," said Prof. R Rajesh Babu, Dean of Executive Education at IIM Calcutta. He goes on to add that the programme allows participants to gain a comprehensive understanding of Industry 4.0 and to design and lead digital transformation initiatives that leverage new-age technologies. "This is achieved through the integration of technologies such as IoT, AI, robotics, digital twins, and cloud computing to enhance manufacturing excellence." The programme's curriculum is carefully designed to cover key areas that are highly relevant to the industry. "The programme focuses on data-centric aspects such as data-driven manufacturing, cyber security, data governance, and system modelling, which enables participants with enhanced decision-making tools to improve business performance through optimized production processes, increased responsiveness and efficiency," explained Prof. Partha Priya Datta, Programme Director of APSML. As the industry requires a blend of technical, managerial, and operational skills, the programme also places a strong emphasis on strategic and operational aspects. "Through sustainable strategy, supply chain management, change management, and leadership skills in digital manufacturing, we aim to bring in the aspects of strategy and operational excellence and inculcate these amongst the participants. The programme helps participants to learn how to foster a culture of continuous improvement and drive strategic innovation within their organizations through the adoption of intelligent manufacturing," he pointed out. Prof. Vishal Bansal, Programme Director of APSML, highlights the significance of experiential learning in Industry 4.0, noting that to truly drive innovation, one needs to learn through direct experience. "Our teaching methods include hands-on demonstrations of Industry 4.0 tools, capstone projects, guest lectures from industry leaders, group projects, simulations, and gamified learning, along with case discussions focusing on both Indian and international manufacturing firms," he disclosed. What makes this programme executive-friendly is its seamless online format, made possible through a partnership with VCNow Executive Education, which utilizes state-of-the-art technology. "We are excited to partner with IIM Calcutta in launching this cutting-edge programme, which perfectly aligns with our focus on leveraging smart technology for transformative learning experiences. We look forward to supporting participants to learn and become leaders in their respective domains, providing them with seamless access to IIM Calcutta's world-class knowledge and resources through our technology and student support systems," shared Pulak Pattanayak, Co-Founder and Director of VCNow. The online sessions are held once a week for 3 hours on Saturdays, allowing professionals to balance their work and study commitments easily. Additionally, the programme includes a 4-day campus immersion, providing valuable hands-on experience. IIM Calcutta's Centre of Excellence in Manufacturing has a proven track record of delivering high-quality programmes and the Advanced Programme in Smart Manufacturing Leadership aims to elevate this expertise further. It is designed for professionals with at least 8 years of work experience in manufacturing, operations, supply chain, or related sectors. IIM Calcutta's APSML is a timely and distinctive offering that supports the national mission to transform India into a global manufacturing hub. By equipping professionals with the latest skills and knowledge, this programme is poised to shape the future of India's manufacturing industry. To learn more about the programme and admission process, visit the programme's website https://www.iimcal.ac.in/ldp/advanced-programme-smart-manufacturing-leadership-apsml About IIM Calcutta Established in 1961, Indian Institute of Management Calcutta is India's first national institute for postgraduate management education and a leader in business education in Asia. It is the only Indian B-school with triple accreditation from AACSB, AMBA, and EQUIS. Renowned for its academic rigor, global outlook, and strong industry connections, IIM Calcutta develops ethical, innovative leaders equipped to shape business and society worldwide. About VCNow: VCNow Executive Education is a brand owned by Unified Collaboration Services LLP, founded and run by professionals who pioneered the rollout of large-scale B2B video conferencing (VC) services in India. VCNow is a brand with a leading edge in leveraging video technologies for business and learning. VCNow Executive Education is trusted by India's premier B-Schools, and thousands of working professionals have benefited from its executive education programmes. VCNow currently runs programmes covering a wide range of domains in association with premier institutes including several IIMs and XLRI. Visit to know more about us - https://vcnow.in/go/iimc-apsml-pr. Media Contact Name: Shreyashi Dwivedi Email: [email protected] Photo - https://mma.prnewswire.com/media/2749000/IIM_Calcutta_Campus.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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