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September 3, 2026
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Money laundering investigation examines alleged diversion of bank loans from a power project to group entities and personal use.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
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Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
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September 3, 2026
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Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
September 3, 2026
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Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
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Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
September 3, 2026
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Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
GIFT-IFSC's IBUs mobilised foreign-currency liquidity under the RBI's FCNR(B) deposit swap facility, with 20 IBUs sanctioning USD 54.02 billion and disbursing approximately USD 52.82 billion as at 31 August 2026. Between April and August 2026, IBUs disbursed USD 11.62 billion in External Commercial Borrowings, while Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges. These activities support cross-border financing, international capital-market access and foreign-exchange inflows.
September 3, 2026
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Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
Operational leadership for bilateral economic engagement is strengthened through the appointment of Shuchita Sonalika as the first Chief Operating Officer of the Canada-India Business Council. The appointment is directed toward enhancing the council's capacity to support expanding investment and economic relations between Canada and India, in coordination with its board, members and partners. Sonalika brings international affairs experience in advancing India's economic partnerships across global markets.
September 3, 2026
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Regulatory certainty and compliance reforms support investment facilitation, infrastructure development, MSME credit access, and reduction of bank non-performing assets.
Regulatory certainty, ease of compliance and investment facilitation are identified as central elements of India's economic reform orientation. The Insolvency and Bankruptcy Code is included among reforms supporting regulatory certainty, reduced paperwork and easier compliance. Policy priorities include infrastructure development, artificial intelligence and data centres, credit access for MSMEs, reduction of banks' non-performing assets, fiscal discipline, and investment facilitation by central and state governments.
September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
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September 2, 2026
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Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
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September 2, 2026
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Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
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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.
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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.
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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.
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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.

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Bihar SIR row: SC to hear RJD, AIMIM pleas on extension of deadline for claim filing on Sep 8

August 29, 2025

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New Delhi, Aug 29 (PTI) The Supreme Court on Friday agreed to hear on September 8 pleas of the RJD and AIMIM for extending the deadline to file claims and objections in the special intensive revision of electoral rolls in poll-bound Bihar.

The deadline for filing claims and objections is September 1.

A bench of Justices Surya Kant, Joymalya Bagchi and Vipul M Pancholi said it would hear the applications of the political parties on September 8.

"List all the interlocutory applications along with the main matter on September 8," the order said.

Advocate Prashant Bhushan and senior advocate Shoeb Alam, appearing for the Rashtriya Janta Dal (RJD), mentioned to the bench about several parties filing pleas for the extension of the deadline.

Advocate Nizam Pasha, appearing for the AIMIM, sought the extension due to large-scale filing of claims and objections.

"The number of claims filed are exponentially rising. The deadline needs to be extended," Alam said.

Pasha said over 80,000 claims were filed before the August 22 order whereas after the order around 95,000 claims have been filed so far.

"We are requesting that these applications be listed as early as possible," he said.

The bench asked the petitioners why they hadn't approached the Election Commission (EC) for relief.

Bhushan claimed their request was not considered by the EC.

The plea filed by RJD through advocate Fauzia Shakil said in the SIR, the number of polling booths had increased to 90,712 and the party appointed booth level agents (BLAs) in 47,506 polling booths which is approximately 52 per cent of the polling booths.

The party said after the August 22 court order, the claims along with Aadhaar card were collected by the BLAs and despite the acknowledgment of claims by booth level officers (BLO) claims were not lodged and were not reflected on the daily EC status report against the party to portray a wrong narrative that the BLAs of political parties were not cooperating and filing claims.

"Since the last order of this court dated August 22, 2025 which permitted the filing of claims along with Aadhaar card, the number of claims have doubled from 84,305 on August 22, 2025 to 1,78,948 electors on August 27, 2025 in only five days," the RJD said.

The plea alleged across districts, however, in many instances officers refused to accept the claims with the Aadhaar card only and instead insisted on one of the 11 documents mentioned in the ECI order of June 24 in "utter disregard to the orders passed by the court".

Seeking direction to the poll panel for extending the timeline by two weeks and accept the claims of deleted voters till September 15, the RJD said the ECs own daily SIR update showed the number of claims had increased and more than a lakh claims were filed in the last week and 33,349 claims were filed in the last two days.

"The period of filing claims expires on September 1, 2025. Unless extended, genuine electors whose names have been erroneously deleted by the EC will not be able to submit their claims and consequently will be barred from exercising their right to vote in the coming elections. The EC in its manual on electoral rolls has also mentioned that no suo moto deletion shall be done in the election year. In the present case, the period of filing claims, unless extended, will have an impact on the purity of electoral rolls," it added.

The AIMIM in its plea, filed by Akhtarul Iman, said the EC data indicates the court's orders have increased awareness among electors about their exclusion in the draft list and the participation by political parties has led to a larger number of claims and objections being filed in the last one week.

"It is clear that over the course of 22 days, i.e., August 1, 2025 to August 22, 2025, 84,307 claims and objections were filed by the electors directly or through the BLAs of 12 political parties which registered in the state of Bihar. However, after the order dated August 22, 2025 of this court and over the course of a mere five days i.e., till August 27, 2025, 94,694 claims and objections have been filed by the electors directly or through the BLAs of 12 political parties," the plea said.

The party sought extension of timeline to file claims and objections by excluded electors seeking inclusion in the electoral roll of Bihar by a period of four weeks.

On August 22, the top court directed the ECI to allow excluded voters to submit claims through online mode besides making physical submissions in the Special Intensive Revision (SIR) exercise of electoral roll in poll-bound Bihar.

On August 14, the top court directed the poll panel to publish by August 19 details of the 65 lakh voters excluded from the draft electoral rolls in poll-bound Bihar to enhance "transparency" in SIR of the voters’ list and allow Aadhaar as an acceptable document for identity proof.

The revision of the voters’ list in Bihar--the first since 2003--has sparked a huge political row. The SIR's findings have reduced the total number of 7.9 crore registered voters in Bihar, from before the exercise, to 7.24 crore. PTI MNL MNL AMK AMK AMK

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