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    US is set to impose 50% tariffs on $20 billion worth of Canadian products
    Rupee settles 3 paise higher at 95.71 against US dollar
    29 FDI Investments Worth ₹4,895.65 Crore Reported Under Revised Framework
    India and ADB sign $230 million loan to modernise water supply and sanitation in Chennai
    DGGI unearths clandestine pan masala and tobacco manufacturing network in Uttar Pradesh; 27 undeclared pouch-packing machines seized, evasion of about...
    Mission SAKSHAM: Scaling Capability through Co-operation - Keynote Address by Shri Swaminathan J, Deputy Governor at Mission SAKSHAM Programme for Dir...
    India’s Foreign Exchange Markets: Getting ready for the next Decade [Keynote Address delivered by Deputy Governor Shri Rohit Jain on the Annual Day ...
    Govt rejects ethanol link to sugar price surge, says duty free imports allowed to curb prices
    China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence
    India's forex kitty swells USD 9.9 bn to USD 716.9 bn
    Bengaluru airport: AERA slashes user development fee to Rs 300 for domestic passengers
    NUMR Inc. helps deliver Axis Bank's data-driven excellence in customer experience
    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
    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
    Over 745 gram gold paste seized at IGI; Customs nab carrier, receiver
    Quebec remains cautious on Canada-US trade deal as Ottawa pushes to restore US alcohol
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August 22, 2026
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Import tariffs on Canadian products trigger potential retaliatory levies after bilateral negotiations fail to reach agreement.
Import tariffs on Canadian products are set to be imposed by the United States at a 50% rate after bilateral negotiations did not produce an agreement. The measures cover products including hockey sticks and tongue depressors and affect a limited share of Canada's annual exports to the United States. Canada has indicated possible retaliatory levies, intensifying the bilateral trade dispute.
August 21, 2026
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Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
Foreign Trade Policy amendments facilitate export invoicing and receipt of 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. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
August 21, 2026
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Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
August 21, 2026
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Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
August 21, 2026
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Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
August 21, 2026
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Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
August 21, 2026
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Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
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Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
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Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
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Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
August 21, 2026
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Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
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.

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August 20, 2025

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New Delhi, Aug 20 (PTI) Following are the top stories at 9.08 pm: NATION DEL92 LS-SHAH-3RDLD BILLS

Shah tables bills for removal of PM, CMs, ministers held for 30 days amid fierce opposition protest New Delhi: Home Minister Amit Shah on Wednesday introduced in Lok Sabha three Bills for the removal of prime minister, chief ministers, and ministers under arrest for 30 consecutive days on serious charges, drawing fierce protests from opposition MPs who tore up copies of the draft law and marched close to his seat shouting slogans.

DEL106 LDALL ONLINE GAMING BILL

Lok Sabha passes bill to ban online games played with money New Delhi: The Lok Sabha on Wednesday passed a bill to ban the operating, facilitating and advertising of online games played with money, with a view to checking rising instances of addiction, money laundering and financial fraud.

DEL108 DELHI-LDALL CM ATTACK

Delhi CM attacked during 'Jan Sunwai', accused held on murder charge New Delhi: Delhi Chief Minister Rekha Gupta was attacked during a 'Jan Sunwai' programme at her camp office in the Civil Lines area on Wednesday morning, with her office terming the assault a part of a "well-planned conspiracy to kill her".

BOM38 GJ-DELHI CM-LD ATTACKER

Man held for attacking Delhi CM is dog lover, has criminal record: Rajkot police Rajkot (Gujarat): The man accused of attacking Delhi Chief Minister Rekha Gupta on Wednesday had five FIRs registered against him in Rajkot city of Gujarat, and is also a dog lover who wanted to build canine shelters, police said.

DEL82 LEFT-LD BILLS

Assault on democracy, death knell for federalism: Left parties on bills to remove PM, CMs New Delhi: Left parties on Wednesday said the new bills that provide for the removal of the prime minister or chief ministers arrested on serious criminal charges are a direct "assault" on democracy and the federal framework, and vowed to oppose it "tooth and nail".

DEL35 VP POLL-2ND LD RADHAKRISHNAN

NDA's Radhakrishnan files nomination for vice presidential election New Delhi: NDA candidate C P Radhakrishnan on Wednesday filed his nomination papers for the vice presidential election in the presence of Prime Minister Narendra Modi, Defence Minister Rajnath Singh, Home Minister Amit Shah and other senior leaders.

DEL102 DEF-MISSILE-2NDLD AGNI

India successfully test-fires 'Agni 5' ballistic missile New Delhi/Balasore: In a demonstration of its strategic military might, India on Wednesday successfully test-fired the 'Agni 5' intermediate range ballistic missile that has a range of up to 5,000 km.

PAR27 RS-LD IIM-BILL

Parliament passes Bill to establish India's 22nd IIM in Guwahati at Rs 550 cr investment New Delhi: The country's 22nd Indian Institute of Management (IIM) is set to be established in Guwahati with an investment of Rs 555 crore, as Parliament cleared a Bill in this regard on Wednesday, with Union Education Minister Dharmendra Pradhan saying the new institution will start admitting students from the current academic year itself.

DEL88 OPPN-VP-LD REDDY

'Towering figure in Indian jurisprudence': Kharge introduces VP candidate Reddy to oppn leaders New Delhi: Leaders of several opposition parties on Wednesday felicitated their joint vice presidential candidate B Sudershan Reddy in the central hall of Samvidhan Sadan (old Parliament).

DEL91 RAHUL-VP-DHANKHAR

Where is former Vice President Dhankhar 'hiding', why is he silent: Rahul Gandhi New Delhi: With former Vice President Jagdeep Dhankhar staying out of the public eye since his resignation, Congress leader Rahul Gandhi on Wednesday questioned where he was "hiding" and why he had gone "completely silent".

MDS9 TN-JOURNALISTS-STALIN

Stalin slams Assam police summoning senior journos Chennai: Tamil Nadu Chief Minister M K Stalin on Wednesday slammed the Assam police for summoning senior journalists Siddharth Varadarajan and Karan Thapar in a sedition case, saying "democracy can't survive if asking questions is treated as sedition."

BOM31 MH-RAINS-2NDLD MUMBAI

After terrible Tuesday, Mumbai gets relief from heavy showers; local trains back on track Mumbai: A day after facing monsoon fury, Mumbai saw respite from torrential rains on Wednesday as the metropolis slowly limped back to normalcy with its lifeline - local trains -- springing back to life, and schools and offices opening for regular functioning.

BUSINESS DEL97 BIZ-RBI-LD MPC MINUTES

Economy presents picture of strength: RBI Guv at MPC Mumbai: Indian economy presents a picture of strength, stability, and opportunity, said Reserve Bank Governor Sanjay Malhotra at the MPC meet earlier this month while stressing that the monetary policy needs to remain watchful as uncertainties of US tariffs are still evolving.

LEGAL LLGD26 SC-ASSENT-LD BILLS

Guv can't send bills to Prez after it comes back to him second time from assembly: SC New Delhi: The Supreme Court on Wednesday said Governor cannot send bills to President for consideration when presented to him for the second time after the state assembly has cleared it.

LGD9 DL-HC-PM DEGREE

PM degree row: Delhi HC defers verdict on DU's plea against CIC order to disclose info New Delhi: The Delhi High Court on Wednesday deferred pronouncement of its verdict on Delhi University's plea challenging a CIC order directing disclosure of information on the bachelor's degree of Prime Minister Narendra Modi.

LGD7 SC-TN-MINISTER

SC stays proceedings against TN minister in disproportionate assets case New Delhi: The Supreme Court has stayed the proceedings before a special court against DMK leader and Tamil Nadu Minister I Periyasamy and his family members in a Rs 2.1 crore disproportionate assets case.

FOREIGN FGN32: CHINA-INDIA-WANG

India, China reach common understanding on management of border: Foreign ministry Beijing: India and China have reached a new understanding on the management and control of the frontier during Foreign Minister Wang Yi’s visit to New Delhi, the Chinese foreign ministry said on Wednesday.

FGN15: US-INDIA-WH

Trump imposed sanctions on India to end Russia-Ukraine war: WH New York: US President Donald Trump imposed sanctions on India to bring an end to the conflict between Russia and Ukraine, White House Press Secretary Karoline Leavitt has said.

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