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    Business Nextgen Finance Raises Rs 215 Crore in Equity to Accelerate MSME Lending
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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.
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.
The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
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.
Japan Credit Rating Agency upgraded India's foreign-currency and local-currency long-term issuer ratings to A-, citing solid economic growth, strengthened growth-oriented policies and improved financial-system soundness. Improved banking asset quality, insolvency mechanisms, government capital infusion and stronger central-bank supervision support financial resilience. Fiscal quality has improved through greater infrastructure-focused capital expenditure and restraint in current spending, while a contained current-account deficit, services surplus and substantial foreign-exchange reserves support resilience to external shocks.
September 2, 2026
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Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
Foreign capital inflows and modest foreign institutional equity purchases supported rupee appreciation against the US dollar despite weak domestic equities, elevated crude oil prices and a stronger dollar. RBI monitoring and apparent currency-market intervention supported the rupee amid risk aversion, higher US Treasury yields and concerns over crude supply disruptions. Forthcoming US employment data remained relevant to dollar and rupee direction.
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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One-Day Workshop on “Capacity Building of Coastal States on Development of Ocean Accounts” held on August 29, 2025 in Kochi, Kerala

August 30, 2025

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The Ministry of Statistics and Programme Implementation (MoSPI), Government of India, in collaboration with the Directorate of Economics and Statistics (DES), Government of Kerala, organised a one-day workshop on Capacity Building of Coastal States on Development of Ocean Accounts” in Kochi, Kerala on 29th August 2025. The workshop brought together officers from Ministry of Earth Sciences, Directorates of Economics and Statistics, coastal States/UTs, members of the Expert Group on Ocean Ecosystem Accounts, experts from Central Marine Fisheries Research Institute, Indian National Centre for Ocean Information Services, National Remote Sensing Centre, National Centre for Coastal Research, Centre for Marine Living Resources & Ecology, and Indian Maritime University.

Delivering the Welcome Address, Shri Subash Chandra Malik, Additional Director General (SSD), MoSPI, extended a warm welcome to all participants and underscored the workshop’s role for improving the process of compiling Ocean Accounts in line with the SEEA framework.

In his Keynote Address, Shri N.K. Santoshi, Director General (Central Statistics), MoSPI, underscored the Ministry’s commitment to enriching India’s economic indicators by integrating Ocean Ecosystem Accounts alongside traditional measures. He highlighted how these accounts complement GDP by illuminating the dynamics of our marine resources-tracking the extent, condition, services, and assets of coastal ecosystems.

In his Inaugural Address, Dr. Saurabh Garg, Secretary, MoSPI, emphasized the urgent need to incorporate ocean ecosystem data into India’s national accounting systems, in alignment with the upcoming UN System of National Accounts (SNA-2025), which stresses accountability for natural assets like oceans, water and forests. He noted that such integration enhances transparency in GDP estimates, promotes fair distribution of ecosystem benefits, and strengthens data-driven policymaking for disaster risk reduction and sustainable development. He placed special emphasis on global initiatives:

  • The Chennai High-Level Principles for Sustainable Blue Economy-adopted during India’s G-20 presidency in 2023-serve as an international framework to promote ocean conservation, resilience, and responsible economic growth based on marine resources.
  • SDG 14: Life Below Water is central to the agenda, aiming to protect oceans and marine resources through sustainable management, pollution reduction, biodiversity conservation, and climate change adaptation, key for the well-being of millions and the health of the planet.
  • The Blue Economy Policy of the Ministry of Earth Sciences, highlighting seven thematic areas, was referenced as a foundation for effective ocean accounts and sustainable marine planning.

Dr. Garg also commended Kerala’s Directorate of Economics and Statistics for its large and skilled workforce, urging cross-state learning and the vital role of robust statistics for India’s goal of becoming a developed nation by 2047 (Viksit Bharat). He reinforced the ministry’s support for coastal states and underlined the need for evidence-based decision-making not just in ocean accounts, but across all sectors- so that India’s development rests solidly on reliable, up-to-date data.

Delivering the Vote of Thanks, Sri. G.S. Rajath, Director, DES, Kerala, expressed gratitude to the Secretary MoSPI, Expert Group members, partner institutions, and officers from coastal States/UTs. He acknowledged their valuable contributions and reiterated that the success of ocean accounting depends on translating discussions into concrete action at the sub-national level.

The workshop featured two Technical Sessions. The following expert presented their views on the concept related to ocean accounting:

Ms. Anita Baghel, Deputy Director General (DDG), SSD, MoSPI gave an overview of the System of Environmental Accounting (SEEA) and Ocean Accounting frameworks and highlighted MoSPI’s initiatives and progress towards environmental accounting SEEA and Ocean Accounting in India.

Dr. Aswathy. N, Principal Scientist, Central Marine Fisheries Research Institute (CMFRI), Kochi presented on Using Fisheries Data for Ocean Accounting Challenges and Opportunities, Evolving data and Technological advancements in fisheries data collection.  Dr. Venkat Shesu Reddem, Scientist-F, Indian National Centre for Ocean Information Services (INCOIS), Hyderabad suggested for ocean condition accounts with the standardization and normalisation with other parameters of ocean ecosystem accounting. Dr. P V Nagamani, Group Head, Ocean Sciences Group, National Remote Sensing Centre (NRSC), Hyderabad, presented on Satellite Remote Sensing plays a vital role in Ocean Accounting. Remote Sensing and Geospatial Technologies together can provide more robust and effective tools / solutions for Ocean Accounts.

From National Centre for Coastal Research (NCCR), Chennai Dr. U.S. Panda, Scientist-F, told that, NCCR along with world bank has prepared a preliminary Ocean Accounts for Tamil Nadu state informed that as per their estimation Ocean Natural Accounts approximately has 1% share (Rs 43000 cr) of Tamil Nadu GSDP.  Dr. Smitha B.R., Scientist-E, Centre for Marine Living Resources & Ecology (CMLRE), Kochi, presented on Climate Change and Ocean Accounting: Assessing Impacts on Marine Living Resources. She mentioned that Ocean Accounting is vital to track the health of the marine ecosystems, variation in the resource potential, ecosystem services, and resilience of marine ecosystems. Dr. KVK Rama Krishna Patnaik, Faculty, Physical, Oceanography, Indian Maritime University, Visakhapatnam spoken about the innovative methods in modern Oceanography, highlighted the need for sustainable ocean development through proper data collection methods. He emphasised that the ocean energy is one of the important sector of blue economy which need immediate focus.

The day ended with the development of a roadmap aimed at strengthening institutional coordination, building state-level capacity, and creating credible, policy-relevant ocean accounts. The workshop reaffirmed MoSPI’s commitment to work closely with States/UTs, line ministries, and scientific institutions to establish a national framework of Ocean Accounts, thereby advancing India’s vision to sustainable ocean governance.

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