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    Rupee rises 22 paise to close at 94.51 against US dollar
    Electrifying India's vehicles can cut its import bill by USD 125 billion by 2050: Study
    Loans to go beyond SHGs, women to get access to credit to expand livelihoods: Union minister Chouhan
    MIDC's role not just selling plots, but creation of conducive environment for development: CEO
    Decentro Wins Three Industry Honours for Fintech Infrastructure Innovation and Leadership in 2026
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    CCI directs Trustees’ Association of India, IDBI Trusteeship Services Ltd, Axis Trustee Services and SBI CAP Trustee Company to cease and desist fro...
    The Digital Textile Printer Revolution: How Konica Minolta NASSENGER is Preparing India for the Next Global Textile Opportunity
    Union minister Goyal hails 7.8 pc GDP growth; lauds Modi, takes dig at Oppn
    SC disposes of SEBI's pleas against NSE after Rs 1500-crore settlement
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    APEDA Facilitates Flag-Off of 18 MT of NPOP-Certified Ethnic Rice from Tripura for Export to Austria and the Netherlands
    VR LIVIN’s ‘THE FIRST’ Records Sale of 20 Villas Within Two Days of Launch
    IAAPI Calls for GST Rationalisation to Support Growth and Consumer Demand in India’s Amusement Industry
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September 3, 2026
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FCNR(B) deposits strengthen foreign-exchange liquidity and support rupee appreciation alongside foreign portfolio inflows into government securities.
Foreign-currency inflows through FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened foreign-exchange liquidity and supported appreciation of the rupee against the US dollar. Foreign portfolio investment in government securities was linked to the abolition of withholding tax and long-term capital gains tax on such investment. Currency-market conditions were also influenced by foreign institutional equity purchases, global risk appetite, crude-oil prices and geopolitical tensions.
September 3, 2026
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Electric vehicle adoption can reduce transport import dependence while domestic battery manufacturing increases projected long-term savings.
Electric-vehicle adoption across road-transport segments is projected to reduce dependence on imported petrol and diesel, notwithstanding continuing battery imports. Accelerated electrification could reduce vehicle-related import expenditure substantially by 2050 because reduced oil imports are expected to exceed battery-import costs. Domestic cell-manufacturing capacity may further increase savings by combining rapid vehicle electrification with battery localisation.
September 3, 2026
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Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
Women's access to credit for livelihood expansion is to extend beyond Self-Help Groups to individual women members. Loan accessibility concerns include distance from bank branches, repeated visits to complete formalities, and inconsistent banking procedures. Regular State Rural Livelihood Mission meetings, bank participation, training, helplines, process improvements and coordination with bankers are intended to reduce barriers. Loan formalities are to be standardised across banks through a uniform process involving RBI and NABARD.
September 3, 2026
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Industrial development facilitation prioritises infrastructure, services, policy utilisation, and dry-port trade connectivity for businesses and agro-based farmers.
Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.
September 3, 2026
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Regulated fintech infrastructure recognition highlights integrated payment, identity and collections capabilities across embedded financial product delivery.
Decentro operates an integrated fintech infrastructure platform combining payment acceptance, identity verification, banking and AI-led collections through a unified integration layer. It holds Payment Aggregator authorisations for online and physical payments, a Payment Service Provider licence through its GIFT City entity, and certification for offline identity-verification workflows. These capabilities support embedded financial products, payment acceptance, lending collections and related financial workflows for enterprise users.
September 3, 2026
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Responsible NBFC and HFC growth requires technology-enabled inclusion, proportionate regulation, sound governance, liquidity discipline, customer protection and cyber resilience.
NBFCs and HFCs can complement bank-led credit delivery through last-mile reach, sector-specific expertise, digital infrastructure, consent-based data sharing and cash-flow-based underwriting. Sustainable growth requires strong liquidity risk management, governance, compliance culture, diversified funding, stress testing, early-warning systems, dynamic provisioning and sound underwriting standards. Proportionate scale-based regulation, digital lending standards and a substance-over-form approach seek to support innovation while preserving financial stability. Customer protection, responsible lending, grievance redressal, fair recovery conduct, cyber resilience and protection of customer data remain essential.
September 3, 2026
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Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.
September 3, 2026
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Digital textile printing enables flexible industrial production, shorter lead times, reduced screen dependency and sustainability-focused manufacturing for export markets.
Digital textile printing is presented as an industrial alternative to conventional screen printing, allowing direct production from digital design files with faster design changes, shorter lead times and flexibility across varying order quantities. Single-pass systems support high-volume production through fixed printing units and continuous fabric movement, while multipass platforms provide flexible production across natural, synthetic and specialised textiles. Digital production is associated with printing closer to demand, eliminating physical screens, reducing unnecessary production, and addressing wastewater reduction, chemical compliance, traceability and responsible manufacturing expectations.
September 3, 2026
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Economic growth and infrastructure investment were presented as supporting exports, skilled employment, connectivity, and long-term development.
Economic growth, export expansion and infrastructure investment are presented as interconnected drivers of India's development, global standing and employment opportunities. Infrastructure expenditure, railway expansion and improved transport connectivity are identified as measures intended to facilitate movement, simplify transportation, support trade and exports, and strengthen industrial and commercial activity. These measures are associated with the objective of a developed India by 2047 and enhanced employment, business and growth opportunities.
September 3, 2026
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Co-location and dark fibre settlement addressed allegations of preferential market-data access and speed advantages in trading.
SEBI's co-location and dark fibre matters involving NSE concerned allegations that certain stockbrokers obtained unfair preferential speed advantages to access market data and execute trades ahead of other investors. NSE pursued settlement applications covering both matters, and revised settlement terms increased the cumulative amount. Payments made by NSE together completed the agreed settlement amount.
September 3, 2026
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Preferential tariff treatment remains the condition for finalising the bilateral trade agreement and improving Indian export competitiveness.
Finalisation of the India-US Bilateral Trade Agreement is contingent on the United States extending preferential tariff treatment to India relative to competing supplier countries. Further negotiations are required following changes in the United States tariff environment. A comparative tariff advantage is intended to improve the price competitiveness of Indian goods in the United States market, particularly against competitors benefiting from lower duties under least-developed-country preferences or trade agreements.
September 3, 2026
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MSME secured lending equity capital, subject to regulatory approval, supports expansion without management-control change in operations.
Business Nextgen Finance Private Limited, a non-deposit taking non-banking financial company registered with the Reserve Bank of India, has raised Rs 215 crore in equity capital to expand secured credit for micro, small and medium enterprises. The transaction received prior Reserve Bank of India approval. The capital base will support secured lending scale-up, geographic expansion, technology investment and wider access to formal credit in underserved markets. The investment does not involve a change in management or day-to-day control.
September 3, 2026
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Money-laundering probes into narcotics trafficking rely on predicate police and narcotics cases and examine cross-border linkages.
Money-laundering investigation under the Prevention of Money Laundering Act involves coordinated searches in connection with multiple narcotics-trafficking matters. The investigation is founded on police and Narcotics Control Bureau FIRs and linked chargesheets concerning separate drug-trafficking allegations, including alleged trafficking in methamphetamine, marijuana and MDMA with suspected cross-border linkages.
September 3, 2026
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Conversational AI account management enables businesses to access payment information, settlement support, refunds, and payment links through WhatsApp.
RAY is a conversational AI account manager on WhatsApp that enables businesses to access payment information, support, and operational actions through messages or voice notes. It can provide payment summaries, analyse payment activity, monitor settlement status, generate payment links, and issue refunds. The AI assistant is designed to proactively identify payment-health issues, flag settlement events, recommend actions, and use merchant-specific context to support payment management without dashboard navigation.
September 3, 2026
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Portfolio management services distribution enables certified mutual fund distributors to digitally onboard and report for eligible high-net-worth clients through AssetPlus.
AssetPlus has launched Portfolio Management Services for certified Mutual Fund Distributor partners to digitally onboard, track, manage and report PMS investments for eligible high-net-worth clients. PMS distribution requires NISM Series-XXI-A certification and operates within the APRN distributor-registration framework. PMS comprises individually managed portfolios run by SEBI-registered Portfolio Managers and held in clients' demat accounts. The minimum investment is Rs. 50 lakh, and offerings are governed by the SEBI (Portfolio Managers) Regulations, 2020. The platform provides daily reconciliation of holdings, performance and valuations.
September 3, 2026
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NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.
September 3, 2026
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Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
VR LIVIN Ventures LLP launched 'THE FIRST', an 83-villa gated residential community in Madhavaram, North Chennai, which recorded sales of 20 villas during its first two launch days. The development includes smart-home villas and more than 50 lifestyle amenities, with access to nearby metro connectivity and social infrastructure. It forms part of the company's intended expansion of residential projects in Chennai and other South Indian locations.
September 3, 2026
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GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
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Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
September 3, 2026
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Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.

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India's economy strong, global uncertainties won't affect country: UP minister

August 30, 2025

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Gonda (UP), Aug 29 (PTI) Minister of State for External Affairs Kirtivardhan Singh on Friday asserted that under the leadership of Prime Minister Narendra Modi, the country's economy has become strong and these "small storms" ('chhotte-motte tufaan') will not affect India.

Speaking here while inaugurating sports competitions on the occasion of National Sports Day, Singh said, "The situation in the world is constantly changing, and in recent years, this has increased further, but under the leadership of Prime Minister Narendra Modi, the country's economy has become strong and these 'small storms' ('chhotte-motte tufaan') will not affect India. It is the responsibility of the government to take the right steps for the welfare of the citizens. Wherever we get a good market, we will adopt it and move forward strongly. The result of years of hard work by the Prime Minister and the Foreign Minister is that now many countries are standing with India, and the countries of the Southern Globe also consider us a leader." On the ongoing tariff dispute between India and the USA, he clarified that despite efforts to establish relations with the US after 2014, this is nothing new. "Our trade balance has always been in our favour. We have been exporting more to America than we used to buy from America. India has also benefited from this. It cannot be seen only as a loss. Governments and their policies keep changing in the world. Nothing is permanent, but today India is in a very strong position," Singh said.

The additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect Wednesday, bringing the total amount of levies imposed on New Delhi to 50 per cent. The Department of Homeland Security, in a draft order published on Monday, said the increased levies would hit Indian products that are "entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 am eastern daylight time on August 27, 2025." Trump had announced reciprocal tariffs of 25 per cent on India that came into effect on August 7, when tariffs on about 70 other nations also kicked in.

On the comment made by Congress on the participation of Prime Minister Narendra Modi in the India-Japan summit, Singh said the vision of the opposition has become narrow. He alleged that their politics has become limited to sitting on the Prime Minister's chair. "They do not let the Parliament function, give various statements, and are damaging the country's image due to their personal political interests," he said.

On India-Japan relations, Singh said that the ties between the two countries have become stronger than ever. "Japan has made a big announcement of investment in India. This is the result of diplomatic efforts of our Prime Minister and Foreign Minister. India is not going to bow down, and the decisions being taken here are a message in themselves," he said.

Japan on Friday set an investment target of 10 trillion yen (approx Rs 60,000 crore) in India over a decade, and the two sides sealed a raft of big-ticket pacts, including a framework for defence ties and a 10-year roadmap to largely boost economic partnership — decisions that came amid turbulence triggered by Washington's trade policies.

The new measures to further expand the India-Japan special strategic and global partnership were unveiled following summit talks between Prime Minister Narendra Modi and his Japanese counterpart Shigeru Ishiba. The two sides firmed up 13 key agreements and declarations, and announced the launch of several transformative initiatives, including an economic security architecture to promote supply chain resilience in strategic sectors such as semiconductors, clean energy, telecom, pharmaceuticals, critical minerals, and new and emerging technologies. PTI COR NAV HIG HIG

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