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    Banks mobilise USD 127.23 billion in deposits from Indian diaspora: RBI
    CBI Arrests CGST Additional Commissioner and Two others in Rs. 40 Lakh Bribery Case in Raigad, Maharashtra
    Haryana: SGST collections grow 29 pc in first 5 months of 2026-27
    Lokta Opens Its Agentic Loan Servicing Platform to NBFCs Up to Rs 100 crore, with No Platform Fee for Up to Two Years
    RTI seeks Aadhaar date-of-birth changes after pre-poll Bihar pension hike; UIDAI says no such data
    IC Electricals Secures Approx. ₹6 Crore Railway Orders and ₹1 Crore Export Order
    Additional Information related to GDP Estimates Received After Release of Q1 Estimates of FY 2026-27
    Union Minister of Commerce & Industry Shri Piyush Goyal Chairs CEO Roundtable on Ease of Doing Business for Scaling India’s Data Centre Ecosystem
    India–Afghanistan Joint Working Group on Trade Holds Virtual Meeting; Reviews Measures to Strengthen Bilateral Trade and Economic Cooperation
    PM Surya Ghar Yojana 2026: How to Get Rs 78,000 Solar Subsidy & Cut Your Electricity Bill
    Japan's JCR upgrades India's sovereign rating to 'A-', cites solid growth, improved financial system
    In personal insolvency case before NCLAT, Subhash Chandra opposes formation of 5-member NCLT bench
    GoCredit Launches Free Loan App Checker to Verify If a Lending App Is Real, Fake or RBI Registered
    Rupee falls 2 paise to 94.97 against US dollar in early trade
    Senior bureaucrats attend IICA’s ‘weekend wisdom’ program initiave
    NLMC to Facilitate E-Auction of 459 RINL Land Parcels in Visakhapatnam
    CCI approves acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd. and related transactions
    CCI approves acquisition of up to 100% equity shareholding of Apollo Fertility Centre (AFCPL) and Apollo Specialty Hospitals (ASHPL) by Kids Clinic In...
    ED arrests businessman in DMF-linked money laundering case
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September 2, 2026
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Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
September 2, 2026
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GST bribery allegations led to a trap operation against officials and an intermediary in a quarrying matter.
Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
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State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
Haryana's SGST collections increased by 29 per cent during April-August of financial year 2026-27, exceeding the national growth rate of 16 per cent. August 2026 post-settlement SGST revenue rose by 21 per cent, compared with national average growth of 13 per cent. Haryana accounted for less than 4 per cent of national GST taxpayers but contributed approximately 7.7 per cent of aggregate national SGST, CGST and IGST collections. VAT/CST collections rose by 13.8 per cent during the same period.
September 2, 2026
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NBFC loan servicing governance retains lender control through deterministic decision rules, maker-checker controls, reconciled migration and optional AI assistance.
Lokta Next 100 offers RBI-registered NBFCs with loan books up to Rs 100 crore post-approval loan servicing, accounting, reporting, analytics, collections, recovery and partner-management functions, excluding pure-play microfinance NBFCs. Credit, approval and money decisions remain with the lender. Maker-checker approval applies to every change, and migration requires line-by-line reconciliation before cutover. Records remain lender-owned, hosted in India and exportable. AI may propose changes but cannot post to the ledger; deterministic lender-policy rules decide changes. Platform fees are deferred for up to 24 months, subject to stated loan-book thresholds.
September 2, 2026
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RTI access to maintained records does not require creation of Aadhaar date-of-birth update data on demand.
UIDAI did not maintain separate Aadhaar data on date-of-birth updates in Bihar following the announced social security pension enhancement, including month-wise or district-wise compilations. No internal review or flagging of unusual update patterns was available or applicable in its records. The Central Information Commission clarified that the RTI framework does not require a public authority to create, compile or generate information that it does not maintain in the form requested. The initial CPIO response treating the information as outside the RTI Act was considered inappropriate.
September 2, 2026
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Transgender arrest and detention safeguards prompt calls for a standard operating procedure and clearer procedural protections.
Legal and regulatory issues include safeguards for arrest and detention of transgender persons, consultation requirements in Bar Council policy-making, and procedural accountability in electoral administration and policing. Personal insolvency proceedings raise questions about tribunal powers to constitute an expanded bench. Hospitality operators are expected to comply strictly with food-safety and hygiene norms. Proposed restrictions on minors' social-media accounts address cyberbullying, online exploitation, and harmful screen exposure.
September 2, 2026
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Railway equipment purchase orders and export order expand IC Electricals' domestic and international business pipeline.
IC Electricals Company Limited has secured railway purchase orders for electrical and electronic supplies and an export order, creating combined order inflow across domestic railway operations and international markets. Its product portfolio includes regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, alternators, traction motors, and permanent magnet alternators with controllers. Forward-looking statements on business plans, projects, and research and development remain subject to risks and uncertainties and may differ materially from actual results.
September 2, 2026
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Double deflation explains negative manufacturing GVA deflators when input prices rise faster than output prices.
Double deflation in manufacturing separately deflates gross output and intermediate consumption, with real GVA derived from their difference. Where input prices rise faster than output prices, nominal GVA may grow more slowly than real GVA, producing a negative implicit GVA deflator despite rising output and input prices. A negative manufacturing GVA deflator therefore does not establish a fall in manufactured-product prices or lower real growth. The implicit GDP deflator is a derived ratio between current-price and constant-price GDP and differs from CPI and WPI because of their distinct coverage, weights, and price concepts.
September 2, 2026
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Data centre ease-of-doing-business reforms target reliable power, prepared land, streamlined approvals and building standards for faster infrastructure deployment.
Ease-of-doing-business reforms for India's data-centre ecosystem focus on faster and sustainable infrastructure deployment through reliable power, ready-to-use land, streamlined approvals and suitable building regulations. Proposed power measures include cluster-based transmission planning, first-day sanctioned load, dual feeders and cross-border renewable-energy procurement. Data-centre-ready land banks and power-ready parcels are intended to reduce development timelines. The National Building Code 2026 recognises data centres under Group E and contains a dedicated annex on fire-risk assessment and data-centre-specific performance indicators.
September 2, 2026
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Trade facilitation and customs cooperation drive follow-up action on connectivity, regulatory coordination, investment promotion and bilateral commercial engagement.
India-Afghanistan bilateral trade and economic cooperation is being advanced through institutional engagement on trade facilitation, customs cooperation, connectivity, investment and commercial exchange. Priority areas include customs and data-sharing cooperation, visa facilitation for traders, banking and financial cooperation, pharmaceutical and agricultural trade, energy cooperation, tariff concessions, cargo connectivity and port-related matters. Follow-up action covers regulatory cooperation, improved connectivity, investment promotion and business-to-business engagement.
September 2, 2026
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Residential rooftop solar subsidy requires eligibility, prior approval, registered installation, net metering, commissioning, and verified bank details for direct transfer.
PM Surya Ghar Muft Bijli Yojana provides central financial assistance for eligible grid-connected residential rooftop solar systems, capped at Rs. 78,000 for systems of three kilowatts or more. Applicants must be Indian citizens who own a suitable house, hold a valid electricity connection, and have not received an earlier solar-panel subsidy. Applications require portal registration, distribution-company feasibility approval, installation through a registered vendor, net metering, inspection, commissioning and submission of bank details. Assistance is transferred directly after verification. State-specific net-metering procedures, approvals and additional incentives may apply.
September 2, 2026
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Sovereign credit rating upgrade reflects solid growth, stronger financial systems, and improving fiscal and external resilience.
JCR upgrades India's foreign-currency and local-currency long-term issuer ratings to A- with a stable outlook, citing sustained economic growth, productivity-oriented policies and improved financial-system soundness. Fiscal constraints include elevated deficits, intergovernmental fiscal transfers, electoral-cycle sensitivity, and high combined government debt and interest burdens. Greater emphasis on infrastructure capital expenditure has improved the quality of fiscal spending. External resilience is supported by a contained current account deficit, services surplus and foreign-exchange reserves exceeding short-term external debt.
September 2, 2026
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Personal insolvency bench constitution and repayment-plan eligibility remain contested where a larger tribunal bench stays a third-member order.
Personal insolvency proceedings raised a challenge to the National Company Law Tribunal's authority to constitute a five-member bench after a split verdict. The challenge contended that the mechanism for differing views permits reference to another member or members, but does not authorise a five-member bench. The larger bench stayed the third member's order, restricted asset alienation, and suspended an order permitting settlement of personal-guarantee claims. The dispute concerned the validity of that bench, the split-verdict reference procedure, repayment-plan eligibility, and pending creditor appeals.
September 2, 2026
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Digital lending app verification enables borrowers to identify regulated lenders, grievance channels, and warning signs before accepting loans.
GoCredit's Loan App Checker allows borrowers to search lending apps against the public Digital Lending App directory and identify the regulated lender, grievance contact and RBI Ombudsman escalation route where a match exists. Regulatory reporting by regulated entities enables app-level verification, while borrowers should also check the lender named in app disclosures and loan agreements. A directory listing is a regulated-entity disclosure, not RBI approval or endorsement. Unmatched apps should be assessed through verification steps and reported through official channels where appropriate.
September 2, 2026
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Rupee depreciation in early trade reflected oil-price pressures, risk aversion, higher Treasury yields and broad dollar strength.
Early foreign-exchange trading saw the rupee weaken against the US dollar amid renewed US-Iran tensions, risk aversion, higher Brent crude prices, and a stronger dollar. Safe-haven demand, inflation concerns linked to potential oil-supply disruption, expectations of a September Federal Reserve rate increase, and higher US Treasury yields supported the broad dollar rally. RBI monitoring of the rupee's decline was noted.
September 2, 2026
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Responsible AI governance requires ethical safeguards, privacy protection, accountability and adaptive oversight to build lasting corporate stakeholder trust.
Responsible artificial intelligence governance requires continuous innovation, inclusive development, responsible deployment and trust-based governance. AI systems should be ethical, safe, transparent, fair and human-centric, with safeguards for privacy, bias, security and accountability. Proportionate and adaptive regulation should provide clear accountability, standards, monitoring, auditability and grievance redressal. Good governance, cybersecurity, personal data protection and responsible AI together strengthen organisational resilience, stakeholder trust, transparency and sustainable innovation.
September 2, 2026
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E-auction of surplus public land enables transparent outright sale of RINL parcels through registered, KYC-verified bidding.
National Land Monetization Corporation will facilitate the e-auction and outright sale of 459 encumbrance-free RINL land parcels, including residential plots and parcels suited for commercial and logistics use. Competitive bidding will occur through the RailTel E-Nivida e-procurement platform. Participation requires online registration, KYC verification, and plot-wise submission of an earnest money deposit within prescribed timelines. The process supports transparent monetisation of surplus land and non-core public assets.
September 2, 2026
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Competition approval for infrastructure finance restructuring covers acquisition, minority transfer, investment divestment, and merger of regulated NBFCs.
Competition Commission of India approval applies to the acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd., a subsequent minority share acquisition by ICICI Bank Limited, and Aseem's divestment of its shareholding in NIIF Infrastructure Finance Limited to National Investment and Infrastructure Fund II. Following the acquisition, Climate Finance India Private Limited is intended to merge into Aseem as the surviving entity. The entities involved include RBI-registered non-deposit taking NBFCs operating in infrastructure finance, investment and credit, and infrastructure debt financing.
September 2, 2026
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Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
Competition Commission approval covers KCIL's acquisition of up to 100% equity shareholding in AFCPL and 100% equity shareholding in ASHPL. The combination includes KCIL issuing equity shares and optionally convertible debentures to AHLL, representing 9.9% fully diluted shareholding as partial consideration, together with a further KCIL equity investment by Arvon Investments Pte. Ltd. KCIL operates mother and baby care hospitals, while AFCPL provides assisted reproductive treatment and reproductive-medicine services.
September 1, 2026
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Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.

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From Vision to Victory: Celebrating India's Most Impactful Achievers Unveiled by Kiteskraft Productions LLP

August 19, 2025

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CHANDIGARH, India, Aug. 18, 2025 /PRNewswire/ -- India's growth story is being shaped by visionary leaders whose strategic foresight and transformative leadership are redefining the nation's future. From Vision to Victory: Celebrating India's Most Impactful Achievers, an initiative by Kiteskraft Productions LLP, pays tribute to these trailblazers, innovators, and changemakers who are revolutionizing industries and driving profound societal change. Through bold ideas, unwavering commitment, and impactful contributions, they are not only empowering communities but also laying the groundwork for a more inclusive, dynamic, and progressive India. Dr. Akhilesh Patel: Dr. Akhilesh Patel, MBBS, MS (Surgery), FIAGES, EFIAGES, is a renowned surgeon and Director of National Hospital, Rewa (M.P.). A pioneer in cancer, laparoscopic, and GI surgeries, he has transformed healthcare access in the Vindhya region by introducing advanced procedures like laparoscopic hemicolectomy for colon cancer and complex oncological surgeries. Under his leadership, National Hospital evolved into an 80-bed multispecialty center with modern ICUs, modular OTs, and a dedicated cancer care unit. Honored with accolades like the Asian Excellence Award and Icons of India, Dr. Patel champions affordable cancer care and rural outreach. Through initiatives like Vindhya Cancer Care, awareness camps, and free treatment drives, he continues his mission to deliver 'metro-level healthcare to smaller cities.' Ms. Indu Verma: Indu Verma is a seasoned finance professional with over 20 years of distinguished experience in the hospitality industry. Currently serving as the Area Director of Finance at Grand Hyatt Gurgaon, she played an instrumental role in the hotel's pre-opening phase in 2022, setting up efficient financial systems and robust risk controls. Her career spans leadership roles across top hospitality brands such as Hyatt, Marriott, Hilton, The Leela, Oberoi, and IHG. Indu is known for her strategic thinking, financial acumen, and people-first leadership style, driving profitability, operational efficiency, and long-term growth. Her core strengths include budgeting, forecasting, compliance, taxation, auditing, and process improvement. Recognized as one of the Global 200 Power Leaders in Finance (2023), Indu exemplifies integrity, excellence, and accountability in every aspect of her leadership. Dr. Ramya Devarajan: Dr. Ramya Devarajan has been honored as the 'Indian Iconic Woman of the Year 2025' for her exceptional impact across education, performing arts, science, and social service. A passionate educator and Primary HOD at Hithashaala Public School, Bangalore, she empowers learners through inclusive and joyful classrooms. A cancer survivor turned motivational speaker, her journey is one of remarkable resilience. With a strong scientific background in pharmaceutical research and national-level presentations, she integrates inquiry-driven pedagogy into education. As a trained Bharatanatyam and Kathak dancer, and founder of Kalodaya Dance Institute, she uses art for healing and social change. Honored with multiple awards and honorary doctorates, Dr. Ramya continues to inspire through mentorship, writing, and advocacy—living her philosophy: "Let your scars be your syllabus—teach the world with what you've survived." Mr. Mohan & Jaya Georg Antony : Thanith Investments: A Visionary Force Reshaping Tomorrow Founded by Mohan (Annamalai University) and Jaya Georg Antony (Panimalar Engineering College), Thanith Investments is a purpose-driven enterprise redefining industry standards through strategic innovation. With a diversified presence across Real Estate, Education, Construction, IT Solutions, Manpower Consultancy, and Digital Marketing, Thanith fosters sustainable growth and impact. From MG Promoters crafting inspired living spaces, to Rafzon Institute of Education shaping future-ready minds, and RKR Designer & Developers delivering excellence in construction—each venture reflects quality and vision. Indydaze IT Solutions empowers businesses with cutting-edge tech, while Rafzon Business Solutions bridges talent and opportunity. Their digital marketing arm elevates brands through compelling storytelling. What sets Thanith apart? Strong leadership, innovation at its core, and a growth philosophy that empowers every client, partner, and investor to thrive. Dr. Mithun Deshpande: Dr. Mithun Deshpande, Jt. Secretary and Administrator of C.T.E. Society's International Public School, Chikkodi, Karnataka, is a trailblazer in transforming rural education in India. With a Doctorate in Literature from South American University, USA, he has led over 1000 impactful sessions aimed at uplifting rural students academically and personally. A recipient of prestigious honors like the Indian Icon Award 2021, the Iconic Leader Award 2024, and recognition from MFA, Government of India, in 2018, Dr. Deshpande is celebrated for his innovative, inclusive, and strategic approach to education. He is also actively involved in Indo–Sri Lanka educational collaborations. With a deep sense of purpose and unwavering commitment, he continues to redefine learning and leadership at the grassroots level. Dr. Nitai Pradhan : Dr. Nitai Pradhan, born on March 30, 1967, in Nagaon, Assam, has dedicated more than 20 years to education and social welfare. As Principal of Good Shepherd's Home English Medium High School since 1989 and Secretary of Nilanchal Unnayan Sanskritika Parishad, he has empowered countless lives through quality education and community initiatives. Under his leadership, the school has consistently achieved 100% pass results. Dr. Pradhan has pioneered projects in women and child welfare, sanitation, skill training, and free computer education. He founded a Short Stay Home for women in Tezpur and collaborated with government agencies for development programs. Honored with multiple awards, including an Honorary D.Litt. in 2025, he remains a beacon of hope and transformation across Assam. Jyotishacharya Ajay Kumar Agarwal : Jyotishacharya Ajay Kumar Agarwal, a Jaipur-based astrologer and Vastu expert, has over 20 years of experience in Vedic astrology. He has analyzed more than 200,000 horoscopes and is highly respected in medical astrology for accurately identifying health issues early, often saving lives. Known for his compassionate nature, he provides personalized remedies like mantras and lifestyle changes that have brought hope to many individuals and families. His guidance has even prevented suicides. He was honored as the 'Most Trusted and Accurate Astrologer of the Year' and featured in the Green Field London Book of World Records. Deeply committed to social service, he believes, 'Service is the highest form of spirituality.' Contact: [email protected] | Instagram: @bhavishyaphalastro8 Sohong Dhar: Bridging Data, AI & Innovation, Sohong Dhar is a distinguished Information Scientist known for his deep expertise in AI, data science, and digital library automation. He holds advanced degrees from prestigious institutions—Jadavpur University, IIT Madras, and Duke University's Pratt School of Engineering. With a keen interest in emerging technologies, he holds patents in swarm robotics and cybersecurity. Currently contributing at Google Brain, Sohong focuses on building resilient, data-driven systems that power real-world solutions. His work has significant impact across sectors such as healthcare, education, and advanced technology. Passionate about transforming analytical insights into innovation, Sohong embodies a rare blend of technical excellence and visionary thinking, making him a leading force in today's data-driven world. Dr. Santosh Rai: Dr. Santosh Rai is a renowned academician, educationist, and motivational speaker whose journey exemplifies a deep commitment to learning and transformation. With a PhD, Doctor of Business Administration, several Master's degrees, and over 20 diplomas, he holds a rare academic portfolio. His efforts have earned him over 40 national and international honors, including the 'Glory of India Award' (London) and 'Global Education Leadership Award' (Nepal), along with world records for the 'Most Degrees Earned in 10 Years' and 'Largest Business Card.' As Director of Professional Career & Computers, Bhilai, he has driven excellence in commerce education. Beyond academics, he empowers youth through seminars and leadership roles in Rotary and Lions Clubs, inspiring thousands across India and abroad through his dedication to education and community upliftment. About Kiteskraft Productions LLP: Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: https://mma.prnewswire.com/media/2752342/KITESKRAFT_Achievers.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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