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    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
    Rupee gains 9 paise to 95.65 against US dollar in early trade
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    No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
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    Govt allows free imports of 10 lakh tn raw sugar until Oct 31
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    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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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
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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
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.
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
Show AI Summary
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.

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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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