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August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
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August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
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August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
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Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.
August 27, 2026
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Foreign exchange inflows through deposit and borrowing measures provided near-term rupee support amid lower crude prices.
Reserve Bank special measures relating to FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings were identified as attracting foreign-exchange inflows and providing near-term support to the rupee. The Reserve Bank became a net dollar buyer in June after two months of sales to support the rupee. The FCNR(B) window remained open until August 31, while the market outlook anticipated broader rupee depreciation over subsequent weeks.

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Customs & Trade

PM launches 2 agri schemes with over Rs 35k cr outlay; attacks Cong for 'neglecting' farm sector

October 11, 2025

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New Delhi, Oct 11 (PTI) Prime Minister Narendra Modi on Saturday launched two major agricultural schemes with an outlay of Rs 35,440 crore to boost pulses production and improve the farm sector growth in 100 low-performing districts, as he exhorted farmers to reduce the country's import dependence and increase exports.

Modi, in a special event at the Indian Agricultural Research Institute (IARI) Pusa campus here, launched a Rs 24,000-crore 'Pradhan Mantri Dhan Dhaanya Krishi Yojana' (PM-DDKY) and a Rs 11,440-crore 'Mission for Aatmanirbharta in Pulses'.

He also inaugurated projects valued at over Rs 5,450 crore in agriculture, animal husbandry, fisheries, and food processing sectors, and laid foundation stone for additional projects worth around Rs 815 crore.

During his 30-minute address, Modi attacked the Congress governments for not having any vision and strategy for the growth of the agriculture and allied sectors, which weakened the farm ecosystem.

Talking about the two new big schemes, the Prime Minister said that the Centre would invest over Rs 35,000 crore in PM-DDKY and pulses mission, which he said would change the "fate of crores of farmers".

The two schemes, already approved by the Cabinet, will be implemented from the upcoming rabi (winter) season till 2030-31.

Modi underscored that farmers have a critical role to play in realising the vision of a developed India (Viksit Bharat) by 2047.

"You (farmers) have made India self-reliant in foodgrains post-Independence. Now, you have a crucial role in making India a developed nation (Viksit Bharat). On one hand, we have to become self-reliant (in food), while on the other hand we should produce for the global market. Friends, we need to knock the doors of the international market," Modi said, urging farmers to focus on crops that have global demand.

"We have to reduce our imports and we should not fall behind in increasing exports," he said, adding that the two new schemes will play a major role in achieving these twin objectives.

Modi urged farmers to diversify beyond wheat and rice, focusing on pulses to ensure protein security. Despite being the world's largest pulses producer and consumer, India still depends on imports, he pointed out.

Under the pulses mission, Modi said the aim is to increase pulses acreage by 35 lakh hectares by 2030 to boost production and achieve self-reliance. The mission targets raising pulses output from the current 252.38 lakh tonne to 350 lakh tonne by 2030-31.

The PM-DDKY, modelled on the government's Aspirational Districts Programme, will target 100 low-performing agricultural districts and integrate 36 schemes from different ministries, he said.

The scheme will focus on enhancing productivity, promoting crop diversification, improving irrigation and storage facilities, and ensuring credit access.

Accusing previous Congress governments for neglecting the farm sector, Modi said the Opposition party lacked "vision" and strategy for the growth of this crucial sector.

The Prime Minister said it is important that the farm sector receive the government support, but he rued that previous governments left agriculture to fend for itself.

"There was no vision from the government side for agriculture. There was no strategy, Modi said, adding that the different government departments related to agri functioned independently.

Due to this approach, he said India's agricultural system was continuously weakening.

To achieve higher growth, Modi said it was necessary to bring reform in the agricultural system and the process began when his government took over in 2014.

Modi said he changed the "careless approach" of previous governments towards farming, and brought many reforms in the farm sector, from seeds to the marketplace. The Centre made efforts to increase investment in the farm sector.

He said the government has increased agriculture budget six times in the last 11 years.

Taking aim at the Opposition party, Modi said while the NDA government has given Rs 13 lakh crore subsidy on fertilisers in 10 years, of which Rs 3.75 lakh crore has been provided to farmers under PM-Kisan scheme, Rs 5 lakh crore subsidy was given in 10 years of the UPA government.

Most recently, GST rates on farm machineries and equipment have been reduced, he said, adding this has brought double savings to farmers as the prices of daily use items too have come down.

As a result, Modi said that in the last 11 years, India’s agricultural exports have nearly doubled. Foodgrain production has increased by about 90 million tonne, while fruit and vegetable production has grown by more than 64 MT. Under Pradhan Mantri Fasal Bima Yojana, insurance claims worth Rs 2 lakh crore have been disbursed to farmers, he said, and remarked this is not a small amount.

Over the past 11 years, more than 10,000 Farmer Producer Organizations (FPOs) have been formed to enhance farmer cooperation and market access.

Modi noted that this new agricultural initiative draws inspiration from the success of the Aspirational Districts Programme (ADP).

He reiterated that just like the ADP, the responsibilities for the successful implementation of PM-DDKY lie not only on the farmers but also on local government officials, particularly District Magistrate or Collector of each district.

The design of this scheme allows flexibility so that the planning can be tailored according to the specific needs of each district, he said.

During the event, Modi also interacted with farmers engaged in pulses cultivation who have benefitted from various government schemes aimed at establishing a value chain-based approach in agriculture, animal husbandry, and fisheries.

Agriculture Minister Shivraj Singh Chouhan and Fisheries, Animal Husbandry and Dairying Minister Rajiv Ranjan Singh were present at the event. PTI LUX MJH MJH ANU HVA HVA

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