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    MSMEs are the true builders of India’s economic resilience: LG Sinha
    RBI MPC preferred wait-and-watch stance amid food and fuel inflation risks: Minutes
    Bihar Police arrests man over alleged exam irregularities
    United Arab Emirates suspends trade with Iran after coming under renewed missile fire
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    Instant Credit Card Application With JioFinance: Step-by-Step Guide
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    Any attempt to defame CAS by manipulation will be dealt with sternly, warns Sebi's Pandey
    Rupee falls 2 paise to settle at 95.76 against US dollar
    QualityKiosk Establishes Hyderabad Engineering Hub to Advance AI Reliability, Agentic Engineering and AI Assurance for Global Enterprises
    ED raids SP leader Azam Khan's Trust and university in UP
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    CCI approves acquisition of 23% equity shareholding of TM International Logistics by Tata Steel Ltd
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    Union Minister of Commerce & Industry Shri Piyush Goyal invites Japanese businesses to deepen investments and partnerships in India
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    PSB Confluence 2026 concludes with actionable strategies across seven themes for Public Sector Banks and Public Financial Institutions
    Previous LDF govt didn't fulfil many obligations related to Vizhinjam port: CM Satheesan
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August 19, 2026
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MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
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Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
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Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
August 19, 2026
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Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
August 19, 2026
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Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
August 19, 2026
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Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
August 19, 2026
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Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
August 19, 2026
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International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
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Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
August 19, 2026
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Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
August 19, 2026
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AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
August 19, 2026
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Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
August 19, 2026
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Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
August 19, 2026
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Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
August 19, 2026
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Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.
August 19, 2026
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India-Japan investment partnership prioritises technology, manufacturing and infrastructure collaboration, with Uttar Pradesh positioned for deeper Japanese commercial engagement.
India-Japan economic cooperation is positioned for deeper investment and commercial partnerships in manufacturing, technology, infrastructure, energy, defence, artificial intelligence, semiconductors, critical minerals, batteries and next-generation mobility. Uttar Pradesh is identified as a prospective destination for Japanese investment because of its workforce, connectivity, manufacturing base, MSME sector, export capacity, transport infrastructure and industrial clusters. Investment facilitation is associated with reforms in ease of doing business, digital public infrastructure and multimodal logistics.
August 19, 2026
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Carbon border adjustment compliance requires reliable emissions data, reporting, accreditation and verification throughout exporters' supply chains.
European Union Carbon Border Adjustment Mechanism compliance requires exporters to address covered products, embedded-emissions calculation, data collection, reporting, accreditation and verification. Preparedness across the export value chain depends on timely emissions data from suppliers and other stakeholders, supported by credible verification mechanisms. Capacity-building and engagement seek to facilitate workable compliance with evolving sustainability-related international trade requirements.
August 19, 2026
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Youth banking engagement promotes sustained customer relationships through digital access, campus outreach and financial support across evolving life stages.
Public Sector Banks and Public Financial Institutions are urged to implement actionable strategies with clear ownership and realistic timelines. Youth banking engagement is to be strengthened through a focused campaign, a common digital access platform and physical outreach, supporting young customers' evolving financial needs. Priority sector lending requires granular monitoring, early identification of target gaps and productive credit flow to intended beneficiaries. Agriculture and horticulture value-chain financing may cover farmer producer organisations, storage, processing, logistics and market linkages, while credit card strategies include digital onboarding, cross-selling and RuPay-UPI integration.
August 18, 2026
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Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.
August 18, 2026
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Public sector banking competitiveness requires distinct institutional strengths, early capability building and strategic support for economic growth priorities.
Public sector banks are urged to use their customer base, branch networks, geographic reach, institutional experience and digital capabilities to build stronger competitive positions and leadership. Each bank may develop distinct areas of excellence based on geography, customer relationships, sectoral expertise, technology capabilities or international presence. Strategic priorities include deposit mobilisation, banking for youth, support for investment and global capability centres, agriculture and horticulture infrastructure, credit-card business reorientation and priority sector lending.

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Customs & Trade

India and US 'not that far apart' on trade deal: US ambassador-designate Gor

September 11, 2025

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New York/Washington, Sep 11 (PTI) US ambassador-designate to India Sergio Gor on Thursday said India's protectionist policies and regulatory barriers have prevented Washington from fully realising its partnership with Delhi, and if confirmed, he will work to advance trade that is fair, reciprocal and beneficial to Americans.

At his confirmation hearing in the Senate Foreign Relations Committee, Gor also said that India and the US are “not that far apart” right now on a trade deal.

"India is a strategic partner whose trajectory will shape the region and beyond,” Gor said as he underlined that he is committed to advancing America's interest in this "important" partnership.

Noting that India and the US are actively negotiating right now, Gor said President Donald Trump has invited their commerce and trade ministers next week, and they will be meeting with US Trade Representative Ambassador Jamieson Greer in Washington.

"Part of that will include hopeful, a hopeful deal. We are not that far apart right now on a deal. In fact, they're negotiating the nitty-gritty of a deal,” Gor said.

“We expect more from India than we do sometimes from other nations. I do think it will get resolved over the next few weeks,” he said.

Gor underlined that President Trump has a “deep friendship” with Prime Minister Narendra Modi, and that is something that is unique.  “In fact, if you have noticed, when he has gone after other nations, he tends to go after their leaders for putting us in that position, and for the US imposing those tariffs. When the President has been critical of India, he has gone out of his way to compliment PM Modi. They have an incredible relationship,” he said.

He stressed again that “We're not that far apart on a deal already on these tariffs… Getting India to stop buying Russian oil is a top priority for this administration." "I think the time will arrive upon us in the next few weeks, the next few months, for all of this to get resolved,” Gor said.

Gor said that in the past, India's "protectionist policies and regulatory barriers have prevented us from fully realising this partnership. If confirmed, I'll work to advance trade that is fair, reciprocal and beneficial to the American workers and businesses." “Improving US-India trade ties will not only bolster US competitiveness, but also reduce China's economic leverage over other nations,” Gor said.

“If confirmed, I will work to increase American energy exports to India, establishing the US as a leading supplier of crude oil, petroleum products and liquefied natural gas,” he said.

When confirmed, 38-year-old Gor will be the youngest US ambassador to India.

"India's role in ensuring the stability and security of the region cannot be understated. A stable South Asia is in the interest of the US and all the nations,” he said, adding that the US-India partnership will define the 21st Century.

"It is only by working together that we can make that aspiration a reality.” He said India's geographic position, economic growth and military capabilities make it a “cornerstone” for regional stability and a critical part of promoting prosperity and advancing the security interests that the two nations share.

"I will work to deliver on the presidential agenda and advance US interests by increasing our defence cooperation, ensuring fair and beneficial trade, deepening energy security and furthering technology,” Gor said.

He underscored that if confirmed, he will prioritise deepening defence and security cooperation with India. “This includes expanding joint military exercises, advancing co-development and co-production of defence systems and concluding critical defence sales,” he said.

He added that these efforts will enhance collaboration between “our forces while supporting American defence manufacturers and making America more prosperous.” From artificial intelligence to pharmaceuticals to critical minerals, the potential for collaboration between the two countries is vast, Gor said, adding that he will advocate for reforms that will make India's markets more accessible and transparent.  “I will also work towards President Trump's ambitious goal dubbed ‘Mission 500’ to double bilateral trade to $500 billion by 2030, which will expand American exports, creating jobs and prosperity for our citizens,” he said.

He said he will encourage Indian investment in US manufacturing capacity, and “we will also be furthering with Indian investments in the United States. We'll also be furthering our strategic pharmaceutical supply chain and create more jobs right here at home in the US.”  India is also a strategic partner in advancing critical and emerging technology. The US-India Trust Initiative, launched in February by President Trump and Prime Minister Modi, lays out a path to leverage the impressive capacity of the US tech sector to outcompete China on the development of AI, quantum, semiconductors and other critical and emerging technologies, he said.  He said he will also advance this administration's AI Action Plan, which will ensure the dominance of American AI technology in India and globally. “Our technology cooperation will require significant energy resources, another area where the United States and India can work together,” he said.

He noted that India shares a lot more in common with the US than they do with China, and "for far too long, we have not had that personal touch. And not only will I be able to bring that to New Delhi, but the President is also extremely personally engaged.” "While we might have our moment of hiccups right now, we are on the track of resolving that. Our relationship with the Indian government, with the people of India extends many more decades, and it's a much warmer relationship than they have with the Chinese,” Gor said.

“Frankly, they (India) are concerned by Chinese expansionism, and Chinese expansionism is not just on the border of India, it's all over the area," he said, adding if confirmed, he will make it a "top priority that India is pulled into our side and away from them (China).” Gor referred to Trump’s complimentary comments for Prime Minister Modi and said the Indian leader responded in kind. "We have a great foundation that I hope, if I am confirmed, to build upon.” Replying to a question on the BRICS, Gor said, "Indians have been on our side on various issues within BRICS, including several individuals in BRICS - Brazil, China have pushed for years to move away from the US dollar. India has been the stopgap for that. India is much more willing and open to engage with us than… those other individuals that are in BRICS.” When asked about India’s purchases of Russian oil and how he views India's choice in light of US tariffs and America's strategic goals, Gor said President Trump has been crystal clear on this. "They must stop buying Russian oil.” PTI YAS ZH ZH

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