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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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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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      HIGHLIGHTS

      September 22, 2025

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      New Delhi, Sep 22 (PTI) Following are the top stories at 9 pm: NATION CAL41 AR-LDALL PM

      PM unveils Rs 5,100cr projects in Arunachal, accuses Cong of abandoning difficult development works Itanagar: Prime Minister Narendra Modi on Monday alleged that the Congress has an "inherent habit" of abandoning any development work that is difficult, and this caused significant harm to the Northeast.

      DEL52 PM-GST-LD LETTER

      GST reforms will boost savings, directly benefit every section of society: PM Modi New Delhi: Prime Minister Narendra Modi on Monday said the next generation GST reforms will boost savings and directly benefit every section of society, as he asserted that it is imperative to walk on the path of self-reliance to achieve the collective goal of Viksit Bharat by 2047.

      DEL55 VP-MODI-LD SPEECHES

      PM Modi makes impossible possible: VP Radhakrishnan New Delhi: Prime Minister Narendra Modi can make the impossible possible, Vice President C P Radhakrishnan said on Monday, highlighting the former's relations with world leaders, including US President Donald Trump, Russian President Vladimir Putin and Chinese leader Xi Jinping, who have described the prime minister as their good friend.

      CAL61 AS-ZUBEEN-LD POSTMORTEM

      Second postmortem of Zubeen Garg's body on Tuesday morning: Assam CM Guwahati: A second postmortem of singer Zubeen Garg's body will be conducted on Tuesday morning at the Gauhati Medical College Hospital (GMCH) following demands from certain sections of Assam people, Chief Minister Himanta Biswa Sarma said on Monday.

      DEL32 GST-BJP-LD CONG (RPT)

      Reduced GST rates have sparked wave of happiness among people: Vaishnaw New Delhi: The reduced cost of items as the fall in the GST rates came into effect from Monday has ignited a "wave of happiness" among people, the BJP said on Monday and cited higher tax on same products during the Congress-led government to slam its criticism of the GST reforms.

      DEL58 DEF-RAJNATH-MOROCCO

      India, Morocco ink defence pact New Delhi: India and Morocco on Monday inked an agreement to boost military cooperation following talks between Defence Minister Rajnath Singh and his Moroccan counterpart Abdeltif Loudiyi.

      DEL65 AR-PM-SHAH

      New projects in Arunachal to add new impetus of growth: Amit Shah New Delhi: Union Home Minister Amit Shah on Monday hailed the laying of foundation stone of two major hydropower projects in Arunachal Pradesh by Prime Minister Narendra Modi and said these will add a new impetus to the growth of the state by tapping its true potential.

      CAL60 BH-CWC-2ND LD MEETING

      Rahul, Kharge to attend Congress Working Committee meeting in Patna on Sep 24 Patna: Congress president Mallikarjun Kharge and senior party leader Rahul Gandhi will be present at its working committee meeting here on September 24, AICC Bihar in-charge Krishna Allavaru said on Monday.

      DEL63 LEH-APEX BODY-FAST

      No consultation on October 6 talks, hunger strike to continue: Leh Apex Body Leh: The Leh Apex Body (LAB) announced on Monday that its leaders would not end their hunger strike until their demands of statehood and inclusion of Ladakh under the Sixth Schedule are met.

      MDS22 KA-LD CASTE CENSUS (R)

      'Caste census' begins in Karnataka, technical glitches reported in some parts Bengaluru: The Social and Educational Survey, popularly known as the 'caste census' in Karnataka, commenced on Monday, with enumerators going door-to-door to collect data.

      BOM29 CG-NAXAL-4TH LD ENCOUNTER

      Two top Naxals with total bounty of Rs 80 lakh in Chhattisgarh gunned down in Narayanpur Narayanpur: Two top Maoist leaders carrying a bounty of Rs 40 lakh each in Chhattisgarh were killed in an encounter with security personnel in the state's Narayanpur district on Monday, police officials said.

      DEL49 NHRC-SERIES-NOTICE

      NHRC notice to I&B ministry, Mumbai police chief over 'e-cigarette use' shown in Netflix series New Delhi: The NHRC has issued notice to the Ministry of Information and Broadcasting and Mumbai police commissioner in the wake of a complaint alleging that web series 'Ba

      ds of Bollywood' on an OTT platform, showed a popular actor using banned e-cigarette on screen, "without any warning or disclaimer", according to proceedings of the case.

      BUSINESS DEL59 BIZ-LD ALL GST

      New GST rates kick in; groceries, medicines, electronic items, cars get cheaper New Delhi: New lower GST rates kicked in from Monday, resulting in a slashing of prices of as many as 375 items ranging from toothpaste and shampoo to cars and television sets, a move seen as an attempt to boost consumption to cushion an economy facing tariff headwinds.

      LEGAL LGD14 SC-AI CRASH-LD PROBE

      'Irresponsible, builds media narrative': SC miffed over selective release of AI plane crash report New Delhi: The Supreme Court on Monday termed as "unfortunate and irresponsible" the selective publication of a preliminary report on the June 12 Air India crash which outlined lapses on the part of pilots and paved way for a "media narrative".

      LGD15 SC-DELHI RIOTS-LD BAIL

      Feb 2020 riots: SC notices Delhi police on bail pleas of Umar Khalid, Sharjeel Imam, others New Delhi: The Supreme Court on Monday sought Delhi Police's response on the bail pleas of activists Umar Khalid, Sharjeel Imam, Gulfisha Fatima and Meeran Haider in the UAPA case related to the alleged conspiracy behind the February 2020 riots in Delhi.

      LGD21 DL-HC-DUSU VOTING

      Delhi HC seeks varsity reply after plea alleges EVM tampering in DUSU polls New Delhi: The Delhi High Court on Monday sought the response of the chief election officer of Delhi University Students' Union on a plea challenging the result of the recently held DUSU polls in the capital.

      LGD19 SC-2NDLD JACQUELINE

      SC refuses to interfere with order junking Jacqueline Fernandez's plea in money laundering case New Delhi: Actor Jacqueline Fernandez on Monday failed to get relief from the Supreme Court, which refused to interfere with an order dismissing her plea to quash an ECIR (equivalent to FIR) in a Rs 200 crore money laundering case involving alleged conman Sukesh Chandrasekhar.

      FOREIGN FGN3 US-JAISHANKAR-RUBIO

      Jaishankar to meet US Secretary of State Rubio in New York on Monday New York: External Affairs Minister S Jaishankar will meet US Secretary of State Marco Rubio here on Monday for bilateral discussions, as the high-level 80th session of the UN General Assembly (UNGA) kicks in.

      FGN4 US-H1B

      USD 100,000 fee to apply for new H-1B petitions after Sep 21: USCIS New York/Washington: All new H-1B visa petitions submitted after September 21, including those for the FY2026 lottery, will require payment of the USD 100,000 fee, as announced by President Donald Trump in a recent proclamation, the US government has said.

      FGN31 CHINA-LD H1B

      China silent on US H-1B visa hike, says doors open for global talent Beijing: China on Monday declined to comment on US President Donald Trump's move to impose a hefty USD 100,000 fee for H-1B visas, but at the same time invited global professionals to work in the country as it prepares to roll out a new employment visa next month.

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