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September 4, 2026
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Offer-for-sale IPO clearance enables existing exchange shareholders to monetise holdings, while sale proceeds remain outside the exchange.
Regulatory clearance permits the National Stock Exchange to proceed with an initial public offering structured wholly as an offer for sale by existing shareholders. The proposed issue does not raise fresh capital, and sale proceeds will accrue to the selling shareholders rather than the exchange. Revised offer documents were required after addition of a selling shareholder, triggering a fresh public-feedback period. The offering follows settlement of co-location and dark-fibre matters and governance and compliance measures addressing regulatory concerns.
September 4, 2026
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Equity market resilience was tempered by profit booking, geopolitical tensions, global rate expectations and domestic liquidity.
Equity markets registered a recovery after four consecutive losing sessions, led by buying in metal, private banking, oil and gas, housing finance, telecommunication, insurance, commodities and financial services shares. The benchmark equity index closed higher, while the broader index recorded a modest gain after retreating from an intraday level above the psychological threshold during the newly introduced Closing Auction Session. Investor sentiment was supported by easing interest-rate concerns, strong earnings momentum, resilient economic growth and domestic demand, but was constrained by profit booking, geopolitical tensions and crude-oil price risks.
September 4, 2026
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Forex reserve management reflects rising foreign currency assets and gold holdings, alongside marginal declines in SDRs and IMF reserve position.
India's foreign exchange reserves increased to a fresh all-time high, supported principally by higher foreign currency assets and gold reserves. Reserve accumulation has continued after concessional foreign-exchange swap initiatives introduced amid local-currency depreciation. Foreign currency assets, expressed in United States dollar terms, also reflect valuation effects from movements in currencies such as the euro, pound and yen. Special drawing rights and the reserve position with the International Monetary Fund declined marginally.
September 4, 2026
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IPO regulatory clearance enables further public issue preparations, with existing shareholders proposing a complete offer for sale.
SEBI's final observations on the proposed initial public offering enable the National Stock Exchange to undertake further public-issue preparations, subject to applicable regulatory requirements. The proposed issue is structured entirely as an offer for sale, under which existing shareholders would divest a portion of their holdings rather than the exchange issuing new shares. The draft red herring prospectus contemplates sale of 14.89 crore shares, representing nearly 6 per cent of the exchange's stake.
September 4, 2026
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Personal security frameworks evolved from elite guards into intelligence-led protection systems, while VIP culture can distort their necessity.
Personal security evolved from elite guards into structured systems combining physical protection, intelligence, technology and specialised protocols. Prime Ministerial security in India was reorganised after the 1984 assassination of Prime Minister Indira Gandhi by her bodyguards. A commission recommended a single protective agency, leading to the formation of the Special Protection Group in 1985. Statutory parameters introduced in 1988 sought to rationalise and scientifically streamline protection arrangements. Advanced technology, training, intelligence and protocols do not eliminate personal-protection vulnerabilities, and security is characterised as a necessity rather than a status symbol.
September 4, 2026
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Rupee exchange-rate movement reflects foreign-currency deposit inflows, central-bank intervention, oil-price risks and changing market risk appetite.
Foreign-exchange liquidity measures, including a special central-bank programme for foreign-currency deposits, generated substantial inflows that supported the rupee. Inflows from foreign-currency deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened market conditions. Rupee appreciation was also supported by foreign equity inflows and risk appetite, but remained vulnerable to higher crude-oil prices, US-Iran tensions, safe-haven demand for the US dollar and possible disruption to oil flows through the Strait of Hormuz.
September 3, 2026
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Trade agreement consultations safeguard farmer, worker, MSME and sectoral sensitivities while phased bilateral tariff negotiations continue.
India-US bilateral trade agreement negotiations are being pursued on the stated basis that Indian sensitivities will not be compromised. The agreement's text remains non-public, while the government position identifies farmers, fishers, micro, small and medium enterprises, workers, handloom and handicrafts sectors, and the automobile industry as protected considerations. The arrangement is described as a first tranche, with further engagement contemplated following changes in the United States tariff landscape.
September 3, 2026
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Unauthorised toll collection apps allegedly generated fake receipts, concealed non-FASTag collections, and triggered a money-laundering investigation.
Unauthorised digital applications allegedly enabled toll collection from vehicles without FASTag stickers outside the official reporting system. Mobdata and Any were allegedly used to generate unauthorised or fake toll receipts, conceal collections from NHAI, and monitor such collections through dedicated portals. A PMLA investigation followed an FIR alleging fraudulent toll collection, with digital forensic material indicating use of the mechanism across around 100 toll plazas. Searches resulted in seizure of financial and digital records and freezing of bank accounts.
September 3, 2026
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Economic offence investigations: cross-border training strengthens officers' practical skills in investigation, prosecution, procedures, and handling complex financial crimes.
Capacity-building training under the Indian Technical and Economic Cooperation programme equipped officers from member countries with practical skills for investigating economic offences. It covered varied forms of financial and economic crime, cross-border impact, challenges in investigation and prosecution, standard operating procedures, and investigative best practices. The specialised law-enforcement engagement aims to strengthen international cooperation and investigative capacity in economic-offence matters.
September 3, 2026
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Unauthorised Aadhaar credential use triggers blacklisting and procurement debarment following alleged post-termination enrolment and update transactions.
Alleged unauthorised use of Aadhaar Registrar/EA Code credentials after termination of an operational engagement led the Delhi Construction and Other Workers Welfare Board to blacklist MDS Solution Pvt Ltd. UIDAI communication indicated that Aadhaar-related activity allegedly continued after cancellation through the Board's credentials. The Board lodged a police complaint, barred the firm from its tenders, procurement processes, empanelment and contract awards, and recommended consideration of action under applicable rules and policies.
September 3, 2026
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FCNR(B) deposits strengthen foreign-exchange liquidity and support rupee appreciation alongside foreign portfolio inflows into government securities.
Foreign-currency inflows through FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened foreign-exchange liquidity and supported appreciation of the rupee against the US dollar. Foreign portfolio investment in government securities was linked to the abolition of withholding tax and long-term capital gains tax on such investment. Currency-market conditions were also influenced by foreign institutional equity purchases, global risk appetite, crude-oil prices and geopolitical tensions.
September 3, 2026
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Electric vehicle adoption can reduce transport import dependence while domestic battery manufacturing increases projected long-term savings.
Electric-vehicle adoption across road-transport segments is projected to reduce dependence on imported petrol and diesel, notwithstanding continuing battery imports. Accelerated electrification could reduce vehicle-related import expenditure substantially by 2050 because reduced oil imports are expected to exceed battery-import costs. Domestic cell-manufacturing capacity may further increase savings by combining rapid vehicle electrification with battery localisation.
September 3, 2026
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Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
Women's access to credit for livelihood expansion is to extend beyond Self-Help Groups to individual women members. Loan accessibility concerns include distance from bank branches, repeated visits to complete formalities, and inconsistent banking procedures. Regular State Rural Livelihood Mission meetings, bank participation, training, helplines, process improvements and coordination with bankers are intended to reduce barriers. Loan formalities are to be standardised across banks through a uniform process involving RBI and NABARD.
September 3, 2026
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Industrial development facilitation prioritises infrastructure, services, policy utilisation, and dry-port trade connectivity for businesses and agro-based farmers.
Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.
September 3, 2026
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Regulated fintech infrastructure recognition highlights integrated payment, identity and collections capabilities across embedded financial product delivery.
Decentro operates an integrated fintech infrastructure platform combining payment acceptance, identity verification, banking and AI-led collections through a unified integration layer. It holds Payment Aggregator authorisations for online and physical payments, a Payment Service Provider licence through its GIFT City entity, and certification for offline identity-verification workflows. These capabilities support embedded financial products, payment acceptance, lending collections and related financial workflows for enterprise users.
September 3, 2026
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Responsible NBFC and HFC growth requires technology-enabled inclusion, proportionate regulation, sound governance, liquidity discipline, customer protection and cyber resilience.
NBFCs and HFCs can complement bank-led credit delivery through last-mile reach, sector-specific expertise, digital infrastructure, consent-based data sharing and cash-flow-based underwriting. Sustainable growth requires strong liquidity risk management, governance, compliance culture, diversified funding, stress testing, early-warning systems, dynamic provisioning and sound underwriting standards. Proportionate scale-based regulation, digital lending standards and a substance-over-form approach seek to support innovation while preserving financial stability. Customer protection, responsible lending, grievance redressal, fair recovery conduct, cyber resilience and protection of customer data remain essential.
September 3, 2026
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Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.
September 3, 2026
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Digital textile printing enables flexible industrial production, shorter lead times, reduced screen dependency and sustainability-focused manufacturing for export markets.
Digital textile printing is presented as an industrial alternative to conventional screen printing, allowing direct production from digital design files with faster design changes, shorter lead times and flexibility across varying order quantities. Single-pass systems support high-volume production through fixed printing units and continuous fabric movement, while multipass platforms provide flexible production across natural, synthetic and specialised textiles. Digital production is associated with printing closer to demand, eliminating physical screens, reducing unnecessary production, and addressing wastewater reduction, chemical compliance, traceability and responsible manufacturing expectations.
September 3, 2026
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Economic growth and infrastructure investment were presented as supporting exports, skilled employment, connectivity, and long-term development.
Economic growth, export expansion and infrastructure investment are presented as interconnected drivers of India's development, global standing and employment opportunities. Infrastructure expenditure, railway expansion and improved transport connectivity are identified as measures intended to facilitate movement, simplify transportation, support trade and exports, and strengthen industrial and commercial activity. These measures are associated with the objective of a developed India by 2047 and enhanced employment, business and growth opportunities.
September 3, 2026
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Co-location and dark fibre settlement addressed allegations of preferential market-data access and speed advantages in trading.
SEBI's co-location and dark fibre matters involving NSE concerned allegations that certain stockbrokers obtained unfair preferential speed advantages to access market data and execute trades ahead of other investors. NSE pursued settlement applications covering both matters, and revised settlement terms increased the cumulative amount. Payments made by NSE together completed the agreed settlement amount.

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PMLA / Black Money

20 years of RTI: Congress tears into Modi govt for 'systematically killing' Act, 'hollowing out' democracy

October 12, 2025

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New Delhi, Oct 12 (PTI) The Congress on Sunday accused the Modi government of "systematically killing" and "weakening" the Right to Information Act, which was brought by its UPA government two decades ago with an aim to bring in transparency and accountability in governance.

On the 20th anniversary of Right to Information (RTI) Act, the Congress alleged that for the BJP, RTI means "Right to Intimidate", and claimed that the ruling dispensation also made the Central Information Commission a "toothless" body with its top post as well as the posts of seven information commissioners lying vacant for a longtime.

"For the BJP, RTI means Right to Intimidate," AICC general secretary (communications), Jairam Ramesh, said at a press conference on the 20th anniversary of the Act, which was introduced on October 12, 2005.

Congress president Mallikarjun Kharge also accused the Modi government of "systematically corriding" the RTI Act and "hollowing out" democracy and citizen's rights.

In a post on X, Kharge said that 20 years ago, the Congress-led UPA government ushered in a new era of transparency and accountability, and the RTI was the first of its several "transformative rights-based legislations".

"In the last 11 years, the Modi government has systematically corroded the RTI Act, thereby hollowing out democracy and citizen's right," Kharge said in his post.

The Congress chief claimed that in 2019, the Modi government "hacked away" at the RTI Act, seized control over the information commissioners' tenure and pay, and converted independent watchdogs into servile functionaries.

"The Digital Personal Data Protection Act, 2023, gutted the RTI's public interest clause, weaponising privacy to shield corruption and stonewall scrutiny," Kharge alleged.

Ramesh said the purpose and intention behind the "revolutionary" law was to bring transparency in the functioning of the government and make it accountable, alleging that there has been a deliberate and continuous effort to weaken it.

The Modi government brought amendments to the Act in 2019 to weaken it and turn the CIC into a "toothless organisation", he alleged.

"The government wants mercy killing of RTI," he claimed, adding that no posts were filled in the CIC to make it a "toothless body".

He also claimed the Modi government brought the Digital Personal Data Protection Act to amend the provisions of the RTI Act to effectively dismantle the RTI.

The CIC is being run by just two members and the posts of chief information commissioner and seven other commissioners in the body are lying vacant for the past two years, Ramesh said.

"The CIC headquarter looks like a ghost house," Ramesh said, referring to the "deep aversion" of the Modi government towards the RTI.

Congress general secretary (organisation), K C Venugopal, said the Right to Information Act, 2005, was a landmark moment in Indian history -- bringing in unprecedented levels of transparency and paving the way for accountability of all public servants, including the prime minister of India.

"Unfortunately, as we mark the 20th anniversary of the RTI Act, we see a deliberate attempt to destroy and undermine this law. Through amendments as well as sheer non-compliance, the Modi government has taken a sledgehammer against the RTI Act.

"By misusing the exemptions clause, and introducing further exemptions via the Digitial Personal Data Protection Act, they have made it impossible to extract meaningful information from the government," Venugopal said on X, reiterating Congress' commitment to protect the RTI Act against such "assaults".

Ramesh said when acts like RTI were being planned, bills were sent to standing committees and the then-Manmohan Singh government agreed to all the amendments suggested by the panels.

But in 2019, the suggestions made by the standing committees -- which included senior BJP leaders Vijay Kumar Malhotra, Kiran Maheshwari, Harin Pathak, Brajesh Pathak (all Lok Sabha MPs then) and Bal Apte and Ram Nath Kovind from the Rajya Sabha -- were not agreed to and removed, the Congress leader said.

Ramesh also listed five reasons behind the Modi government acting against the RTI Act to "weaken" it, claiming them to be significant reasons as they all land at the office of the prime minister directly, which is why the key amendments were brought in.

He said an order by the chief information commissioner to provide information about Prime Minister Narendra Modi's MA degree in "entire political science" under the RTI Act was the first reason, while the second was RTI information proving the prime minister wrong when he claimed that there were crores of fake ration cards in the country.

The information obtained through the RTI Act revealed that Modi's claims were wrong, he said.

The third reason, Ramesh said, was the information revealed through RTI that just four hours prior to the demonetisation announcement by Prime Minister Modi, the Central Board of the Reserve Bank of India concluded that the move will not help curb black money or fake currency.

Citing the fourth reason, Ramesh said that under the RTI Act, somebody sought the list of 20 top willful loan defaulters of the country, and the CIC said the list had been submitted by the then-RBI governor to the Prime Minister's Office (PMO).

The fifth reason, the Congress leader claimed, was the revelation through RTI that no black money had come back from abroad as had been promised by Prime Minister Modi ahead of the 2014 Lok Sabha elections.

The Congress leader also warned that the Digital Personal Data Protection Act, if implemented in its current form, will prove to be the final death knell for the RTI.

Section 44(3) of the Act says no personal information of any individual will be accessible under the RTI Act, he said.

"This provision can be misused to deny important information on the pretext of it being 'personal information'. People holding public offices and public positions cannot hold back information on this pretext," he said.

Ramesh also said that he had written to the information technology minister, seeking an amendment to the Digital Personal Data Protection Act, lest it can become the final death knell for the RTI.

"What is personal about activities conducted in public life," he asked.

The senior Congress leader also claimed that even though he challenged the amendments to the RTI Act on December 17, 2019, in the Supreme Court, the matter is still pending before the apex court. PTI SKC ARI

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