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    NBCC moves SC for RERA exemptions to complete 16 stalled Supertech projects
    DFS Hosts PSB Confluence 2026: Day 1 Deliberations focus on Four themes- Deposit Mobilisation, Banking for Youth, Supporting the Investment Cycle and ...
    Govt to soon announce high-level panel on 'Banking for Viksit Bharat': FM
    Rupee falls 19 paise to close at 95.61 against US dollar
    Govt to soon announce high-level panel on 'Banking for Viksit Bharat'
    Union Minister of Finance and Corporate Affairs interacts with interns from PM Internship Scheme in New Delhi
    DRI uncovers large-scale illegal use of SAFTA agreement in areca imports
    Rupee falls 17 paise to 95.59 against US dollar in early trade
    Colombian president asks Trump to suspend tariffs to help earthquake recovery
    Mission Samudra to be launched alongside Vizhinjam’s EXIM operations
    Europe emerges top destination for India's electric car shipments in Q1
    Govt sets LPG production targets for refiners; Reliance gets largest quota
    PM urges MSMEs to tap opportunities from FTAs
    PM urges farmers to adopt 'chemical-free farming' to tap rising global demand for such food items
    Govt rolls out foreign asset disclosure scheme for small taxpayers
    Need one or two Indian pharma firms to be among global top 5: PM Modi
    Small taxpayers with€™ foreign assets to face 30 pc tax plus penalty; disclosure scheme opens till Dec 31
    PM urges MSMEs to tap opportunities from FTAs
    Govt cuts windfall gains tax on petrol, diesel, ATF exports
    Modi warns of weaponisation of resources, sea routes; urges energy self-reliance
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    August 17, 2026
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    RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
    RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
    August 17, 2026
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    Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
    PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
    August 17, 2026
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    Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
    Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
    August 17, 2026
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    FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
    Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
    August 17, 2026
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    Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
    High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
    August 17, 2026
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    Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
    The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
    August 17, 2026
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    SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
    SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
    August 17, 2026
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    FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
    The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
    August 16, 2026
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    Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
    Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
    August 16, 2026
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    Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
    Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
    August 16, 2026
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    Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
    India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
    August 16, 2026
    Show AI Summary
    LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
    Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
    August 16, 2026
    Show AI Summary
    Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
    Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
    August 15, 2026
    Show AI Summary
    Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
    Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
    August 15, 2026
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    Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
    FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
    August 15, 2026
    Show AI Summary
    Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
    Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
    August 15, 2026
    Show AI Summary
    Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
    FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
    August 15, 2026
    Show AI Summary
    Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
    Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
    August 15, 2026
    Show AI Summary
    Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
    Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
    August 15, 2026
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    Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
    Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.

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      IFQM Symposium 2025 to Drive India's Journey Towards Global Quality Leadership

      September 12, 2025

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      Building on the inaugural 2024 edition, this year’s symposium will showcase new initiatives and strategies for a self-reliant, innovation-led India New Delhi, Delhi, India (NewsVoir) The Indian Foundation for Quality Management (IFQM), established by a consortium of India’s leading enterprises, is set to host the second edition of its annual 2-day IFQM Symposium, focusing on how Quality & Innovation can make India globally competitive. The event is to be held in New Delhi on September 18–19, 2025, under the central theme “Quality & Innovation to Make India Globally Competitive”. IFQM is led by a Governing Council* consisting of top industry captains. This year’s symposium will convene government leaders, global experts, industry champions, and academia to deliberate on an action agenda for positioning India as a trusted, world-class player in global value chains. Following the successful inaugural symposium in October 2024, which brought together policymakers, industry titans, and global quality experts to explore transformational quality agendas, the 2025 edition will not only further deepen these discussions and chart the way forward but will also showcase the many initiatives undertaken by IFQM since 2024 that are driving this journey. The event will witness participation from Hon’ble Finance and Corporate Affairs Minister, Nirmala Sitharaman, senior government policymakers, and industry leaders such as Mr. Venu Srinivasan (Chairman Emeritus, TVS Motor & Chairman, IFQM), Mr. N. Chandrasekaran (Chairman, Tata Sons), Mr. S.N. Subrahmanyan (Chairman & MD, Larsen & Toubro), Mr. Vivek Chaand Sehgal (Chairman & Co-founder, Motherson Group), Mr. Dilip Shanghvi (Managing Director, Sun Pharmaceuticals), Dr. Randhir Thakur (CEO & MD, Tata Electronics Pvt. Ltd.), Mr. K.N. Radhakrishnan (Director & CEO, TVS Motor Company), and Mr. Salil Gupte (President, Boeing India & South Asia). More than 200 CEOs and CXOs, MSME representatives, and 50+ academic leaders and students are expected to join this by-invite event. Global quality and innovation luminaries, including Dr. Noriaki Kano (TQM pioneer), Jacques Esculier (Daimler Truck AG, S&P Global), Harold Kroeger (SiMa.ai), M Onodera (JUSE), Al Faber, CEO Emeritus of Baldrige Foundation, Frank Sieren, China Bureau Chief, Wirtschafts Woche, Scot Gardner, a global Tech expert from Siemens, and Dr. Hans-Joachim Neumann, Head of Integrated Supply Chain, Merck Electronics will lead discussions alongside top Indian executives, sharing valuable insights and expertise around the theme. Sharing his thoughts about the Symposium, Mr. Soumitra Bhattacharya, CEO & Director, IFQM, stated, the vision of Viksit Bharat demands nothing short of a quantum leap in India’s global competitiveness. Achieving this requires an industry-led movement anchored in a Nation First ethos, the one that brings together large enterprises, MSMEs, supply chains, and academia in a shared commitment to quality and innovation. By embedding world-class practices into our industries and nurturing future-ready talent through quality education, we can position India’s products, services, and ideas seamlessly within global value chains. The IFQM Symposium 2025 is not just a forum for discussion, but rather a call to action to set higher benchmarks, close critical gaps, and accelerate our journey toward becoming a global leader in excellence. The major takeaways from last year’s symposium are: • India needs to quickly move to become a global powerhouse in manufacturing, technology, and services. • India’s diversity offers an ideal testing ground for sustainable and scalable solutions that deploy AI and digital tools as transformative forces to enhance quality standards. • Leadership accountability is a crucial catalyst to making cross-industry partnerships meaningful. • Cultivating a culture of quality and innovation needs a ‘Big Q’ approach that goes beyond quick fixes to embracing systematic and sustainable practices. Taking forward the symposium agenda for 2025 will feature a broad spectrum of sessions designed to explore how India can accelerate its journey towards becoming a self-reliant, inclusive, and globally respected nation. Discussions will examine India’s current standing in global quality, productivity, and innovation; the pathways to achieve ambitious 2030 targets; the role of industry–academia partnerships in enabling growth; and how innovation can be deployed to address systemic barriers. Over two days, the symposium will feature 25+ sessions covering national imperatives, sectoral deep dives, and cross-cutting enablers. Highlights include: • Viksit Bharat- Imperatives and Opportunities: Keynote by Finance Minister Nirmala Sitharaman and N Chandrasekaran, on advancing towards a self-reliant, inclusive, and globally respected India. • Fireside Chat with Venu Srinivasan, S.N. Subrahmanyan, Dilip Shanghvi and Srikanth Padmanabhan, moderated by Mr. Jacques Esculier, on leading in a BANI (Brittle, Anxious, Non-linear, Incomprehensible) environment. • Sector Panels on Auto & Engineering, Aerospace & Defence, Digital & AI, Electronics & Semiconductors, Pharma & Health Sciences, and Health and Hospitals. • Thematic Tracks on MSMEs in global supply chains, Industry–Academia collaboration, leveraging crises as catalysts for national resurgence and learnings from Business from the disciplines of Fine arts. • Cultural Integration: “Quality in Indian Culture” – a thematic dance performance by Abhinava Dance Company. About IFQM Instituted in the year 2023, IFQM is the Indian Federation for Quality Management that is committed to the promotion of transformative changes across Indian industries. It seeks to institutionalise a culture of quality that meets and exceeds global standards. It is about bringing in continuous improvements of both products and services, thereby elevating the perception about Brand India. Committed to the prosperity and quality of life of all, IFQM functions as a catalyst in making Indian businesses globally respected with cooperative trust, respect, empathy, and mutual sharing. Through its initiatives, IFQM supports India's journey towards becoming a developed nation by 2047, with an emphasis on innovation, excellence, and stakeholder engagement across sectors. The IFQM Governing Council: Mr. N. Chandrasekaran, Chairman, Tata Sons, Mr. Dilip Sanghvi, MD, Sun Pharmaceuticals, Ms. Kiran Mazumdar Shaw, Executive Chairperson, Biocon Biologics, Mr. TV Narendran, CEO & MD, Tata Steel Limited, Mr. K.N. Radhakrishnan, Director & CEO, TVS Motor Co, Dr. Randhir Thakur, CEO & MD, Tata Electronics Pvt. Ltd., Mr. Salil Gupte, President, Boeing India & South Asia, Mr. SN Subrahmanyan, Chairman & MD, Larsen & Toubro, Mr. Venu Srinivasan, Chairman Emeritus, TVS Motor Co & Chairman, IFQM, Mr. Vivek Chaand Sehgal, Chairman and Co-Founder, Motherson Group. IFQM on Web: ifqm.org.in/ IFQM Events: events.ifqm.org.in IFQM on social media: www.linkedin.com/company/ifqm (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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