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    NBCC moves SC for RERA exemptions to complete 16 stalled Supertech projects
    DFS Hosts PSB Confluence 2026: Day 1 Deliberations focus on Four themes- Deposit Mobilisation, Banking for Youth, Supporting the Investment Cycle and ...
    Govt to soon announce high-level panel on 'Banking for Viksit Bharat': FM
    Rupee falls 19 paise to close at 95.61 against US dollar
    Govt to soon announce high-level panel on 'Banking for Viksit Bharat'
    Union Minister of Finance and Corporate Affairs interacts with interns from PM Internship Scheme in New Delhi
    DRI uncovers large-scale illegal use of SAFTA agreement in areca imports
    Rupee falls 17 paise to 95.59 against US dollar in early trade
    Colombian president asks Trump to suspend tariffs to help earthquake recovery
    Mission Samudra to be launched alongside Vizhinjam’s EXIM operations
    Europe emerges top destination for India's electric car shipments in Q1
    Govt sets LPG production targets for refiners; Reliance gets largest quota
    PM urges MSMEs to tap opportunities from FTAs
    PM urges farmers to adopt 'chemical-free farming' to tap rising global demand for such food items
    Govt rolls out foreign asset disclosure scheme for small taxpayers
    Need one or two Indian pharma firms to be among global top 5: PM Modi
    Small taxpayers with€™ foreign assets to face 30 pc tax plus penalty; disclosure scheme opens till Dec 31
    PM urges MSMEs to tap opportunities from FTAs
    Govt cuts windfall gains tax on petrol, diesel, ATF exports
    Modi warns of weaponisation of resources, sea routes; urges energy self-reliance
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    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 15, 2026
    Show AI Summary
    Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
    Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.

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      HIGHLIGHTS

      August 15, 2025

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      New Delhi, Aug 15 (PTI) Following are the top stories at 5.30 pm: NATION DEL175 IDAY-PM-LDALL OPSINDOOR

      Terrorists and those providing them safe haven will be treated alike: PM Modi on Op Sindoor; sends stern warning to Pakistan New Delhi: In a clear and stern warning to Pakistan from the ramparts of Red Fort, Prime Minister Narendra Modi on Friday said terrorists and those providing them safe haven will be treated alike and that Indian armed forces will deliver a "crushing" response to the enemy in case of any future misadventure.

      DEL171 IDAY-LDALL PM

      Economic selfishness rising globally, self-reliance must for 'Samriddh Bharat'; GST rate cut by Diwali: PM Modi on I-Day New Delhi: Prime Minister Narendra Modi on Friday gave a clarion call for making a "Samriddh Bharat" by becoming self reliant in fields ranging from fighter jet engines to energy and Artificial Intelligence, as he announced a task force for next generation reforms, GST changes as big gift for Diwali, and a state-of-the art defence shield dubbed "sudarshan chakra."

      DEL173 LDALL JK-CLOUDBURST

      J&K cloudburst: 60 dead, 69 missing, over 100 hurt; PM Modi promises all assistance New Delhi/Kishtwar: Prime Minister Narendra Modi spoke with Jammu and Kashmir Chief Minister Omar Abdullah and Lieutenant Governor Manoj Sinha on Friday and assured them of all help in the wake of a cloudburst in Kishtwar district that has killed at least 60 people and injured more than 100, officials said.

      DEL182 IDAY-PM-LD-SUDARSHANCHAKRA

      PM Modi announces 'Sudarshan Chakra' defence project to shield India from security threats New Delhi: Prime Minister Narendra Modi on Friday announced a 10-year project to develop an indigenous defence shield to protect India's vital military and civilian installations and deliver a decisive response in case of any enemy threat, a move that came amid concerns over twin security challenges from Pakistan and China.

      DEL181 IDAY-PM-LD NUCLEAR

      India targeting tenfold rise in nuclear energy by 2047: PM Modi New Delhi: Prime Minister Narendra Modi said on Friday that India is rapidly building 10 new nuclear reactors and plans to increase its nuclear energy capacity tenfold by 2047.

      DEL179 IDAY-PM-2ND LD SPACE

      India to become self-reliant in space; will launch Gaganyaan, space station: PM Modi New Delhi: India is working towards becoming self-reliant in the space sector and preparing for the launch of Gaganyaan, its indigenous human space flight mission, Prime Minister Narendra Modi said on Friday.

      DEL169 IDAY-PM-DEEPSEA EXPLORATION

      PM Modi announces National Deep Water Exploration Mission to find oil under seabed New Delhi: Prime Minister Narendra Modi on Friday announced a National Deep Water Exploration Mission aimed at discovering oil and gas reserves beneath the seabed, as part of efforts to boost domestic production and reduce the country's multi-billion-dollar import bill.

      DEL167 IDAY-PM-HEALTH-LD OBESITY

      Obesity emerging as major challenge for India: PM Modi New Delhi: Prime Minister Narendra Modi on Friday said obesity is emerging as a major challenge for the country, and everyone must contribute to this fight against the challenge.

      DEL165 IDAY-PM-LD HEALTH-PHARMACY-RESEARCH

      PM calls for research to achieve self-reliance in medicines New Delhi: Prime Minister Narendra Modi urged the nation on Friday to achieve self-reliance in medicines and innovation, highlighting India's strength as the "pharmacy of the world".

      DEL163 IDAY-PM-LD DEMOGRAPHY

      PM Modi announces demography mission to tackle illegal infiltration New Delhi: Prime Minister Narendra Modi on Friday warned people of a pre-meditated conspiracy to change the country's demography through illegal infiltration and said no nation can tolerate intruders, as he announced a high-powered demography mission to tackle the problem.

      DEL152 IDAY-CONG-KHARGE

      BJP will go to any extent of immorality to remain in power: Kharge New Delhi: Congress president Mallikarjun Kharge on Friday alleged that the ruling BJP is ready to go to any extent of immorality to remain in power and reiterated that several "irregularities" in elections are emerging across the country.

      DEL177 IDAY-RSS LD LEFT

      PM has dishonoured memory of martyrs by praising RSS in I-Day speech: CPI(M) New Delhi: The Communist Party of India (Marxist) on Friday said it is "deeply regrettable" that Prime Minister Narendra Modi chose to praise the RSS in his Independence Day speech and called it an organisation with a "dubious historical record".

      DEL170 IDAY-JK-2NDLD OMAR

      Will Pahalgam killers decide whether JK will be a state, asks CM Omar Abdullah Srinagar: Chief Minister Omar Abdullah on Friday delivered a forceful Independence Day speech, criticising the practice of linking terror attacks to Jammu and Kashmir's political future and asserting that Pakistan should not be allowed to influence it through terrorism.

      CAL40 AS-IDAY-HIMANTA-CHILD MARRIAGE

      Govt on way to eradicate child marriage from Assam by 2026: Himanta Guwahati: Assam Chief Minister Himanta Biswa Sarma on Friday said the government is on the way to eradicate child marriage from the state by 2026.

      CAL36 BH-TEJASHWI

      People of Bihar fighting for right to vote while nation celebrates Independence Day: Tejashwi Patna: RJD leader Tejashwi Yadav on Friday said it was "ironical" that the people of Bihar were fighting to "protect" their right to vote when the country was celebrating Independence Day.

      CAL29 WB-IDAY-LD MAMATA

      Will continue to fight to uphold honour of every Indian: Mamata Kolkata: Asserting that she will continue her battle to uphold the honour of every Indian, Chief Minister Mamata Banerjee on Friday said Bengal once rose against the atrocities of foreign rulers and will keep fighting against any injustice.

      MDS43 I DAY-KA-2NDLD-CM

      Karnataka faces discrimination in distribution of resources from Centre: Siddaramaiah Bengaluru: Karnataka Chief Minister Siddaramaiah on Friday alleged that the state is facing discrimination in the distribution of resources from the Centre.

      LEGAL LGD2 IDAY-SCBA-CJI

      SC not superior or inferior to HC: CJI Gavai; says no cause too small to merit attention of lawyers, judges New Delhi: Chief Justice of India BR Gavai said on Saturday that the Supreme Court collegium cannot dictate a high court collegium to recommend a particular name for judgeship, emphasising both are constitutional courts and neither is superior to the other.

      LGC1 WB-HC-RG KAR

      RG Kar rape-murder victim's father moves HC seeking nod for lawyers to visit crime scene Kolkata: The father of the R G Kar hospital rape-murder victim has moved the Calcutta High Court praying for setting aside a lower court order that refused permission to his lawyers to visit the crime scene at the state-run medical institution.

      FOREIGN FGN26 IDAY-GLOBAL-LD GREETINGS

      Putin praises India's 'authority' in international affairs as global leaders greet country on 79th Independence Day Washington/Moscow: Russian President Vladimir Putin praised India's "well-deserved authority" in international affairs as global leaders and neighbours extended greetings to India on the 79th Independence Day on Friday.

      FGN22 IDAY-INDIA-MISSIONS

      Indian missions celebrate 79th Independence Day Tel Aviv/Singapore: Indian missions on Friday celebrated the country’s 79th Independence Day with the same enthusiasm and spirit as their compatriots back home.

      PTI MPL MPL

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