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August 28, 2026
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Insolvency debt settlements: political criticism alleges severe creditor haircuts favour influential corporate borrowers over ordinary debtors.
CPI(M) criticised approval of a repayment plan involving Zee Group founder Subhash Chandra, asserting that repayment of Rs 6.5 crore against creditor claims of Rs 22,006.57 crore undermines fairness in insolvency debt settlement. It alleged severe creditor haircuts and bias favouring influential corporate borrowers. The party linked the settlement to an alleged pattern of large borrowers resolving liabilities at steep discounts, shifting the burden to taxpayers and small depositors while smaller borrowers face coercive recovery measures.
August 28, 2026
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Corporate governance requires company secretaries to promote ethical practices, transparency, responsibility and institutional accountability across economic ecosystems.
Good corporate governance is central to development and depends on responsible governance, ethical practices, transparency, institutional accountability and professional excellence. Company Secretaries have an expanding role in strengthening governance practices through professional expertise. Professional institutions should promote governance standards, support institutional excellence, and evolve their practices in response to changing requirements. Their wider contribution lies in fostering a culture of ethical entrepreneurship, responsibility, transparency and sound governance.
August 28, 2026
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Proceeds-of-crime tracing prompts freezing of deposits linked to structured disposal of foreign property in a bank-loan fraud investigation.
Money-laundering investigation into alleged bank-loan fraud involving DHFL has resulted in the freezing of bank deposits held by Al Jalore Trading FZE under the Prevention of Money Laundering Act. A United Kingdom property was allegedly disposed of through a purported loan arrangement that created an encumbrance to settle an Indian liability. Sale proceeds were credited to Al Jalore Trading FZE's Indian bank account rather than to the registered owner, indicating alleged dissipation of proceeds of crime through a structured foreign-property transaction.
August 28, 2026
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Defence export authorisation reform streamlines consultations, expands unified licences, and facilitates eligible exporters' access to international markets.
Open General Export Licence arrangements permit eligible exporters to self-generate authorisations for multiple consignments of specified defence items without obtaining separate authorisation for each consignment. Three existing licence procedures are consolidated into a unified framework. Licence validity is extended to three years, and territorial coverage is expanded to all countries other than negative or sensitive nations and destinations subject to United Nations Security Council sanctions or arms embargoes. Eligible companies with long-term foreign original equipment manufacturer agreements may obtain licences aligned with the underlying contract, subject to prescribed conditions.
August 28, 2026
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IPO approval enables Jio Platforms to issue fresh equity shares, with proceeds earmarked for subsidiary debt repayment and corporate purposes.
SEBI's final observations enable Jio Platforms Ltd to proceed with an initial public offering comprising up to 27 crore newly issued equity shares. The transaction is structured as a fresh issue of shares. Offer proceeds are primarily allocated towards repayment or prepayment of outstanding borrowings of Reliance Jio Infocomm Ltd, Jio Platforms' material subsidiary, with the balance designated for general corporate purposes.
August 28, 2026
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Gold price volatility intensified as dollar strength, profit-booking, and customs-duty-cut reports pressured domestic bullion markets.
Domestic bullion prices declined for a third consecutive session as a stronger US dollar and sustained profit-booking after a recent rally weakened gold and silver. Gold fell sharply in the national capital and silver also declined in domestic trading, with the three-day movement reflecting ongoing price volatility in the bullion market. International spot gold remained marginally lower while investors awaited policy-related remarks concerning inflation and elevated yields.
August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
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.
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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.
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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.

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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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