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    Keralam CM flags off containers from Vizhinjam, marking start of EXIM operations
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August 18, 2026
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EXIM operations at Vizhinjam commence with container movement, supported by investor facilitation, infrastructure backing and port-led logistics development.
EXIM operations at Vizhinjam international seaport commenced with the flagging off of two containers after a successful trial export shipment. The state government proposes investor engagement, regulatory facilitation and infrastructure support to expand global export activities through the port. Mission Samudra is to operate as a port-led industrial and logistics development scheme. The deep-water port was developed under a public-private partnership model and had received commercial commissioning certification.
August 18, 2026
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Money-laundering investigation under PMLA expands through searches into alleged consultancy payments linked to CMRL and Exalogic Solutions.
Money-laundering investigation under the Prevention of Money Laundering Act involves fresh searches connected with Cochin Minerals and Rutile Ltd and Exalogic Solutions. The inquiry concerns alleged fraudulent payments made under the guise of IT consultancy services and a purported money trail involving persons allegedly connected with those transactions. The action follows earlier searches and questioning in relation to the same matter.
August 18, 2026
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Recruitment examination irregularities trigger money-laundering investigation into alleged bribery, paper leaks, answer-sheet tampering, and preferential veterinary officer selections.
Money-laundering investigation under the Prevention of Money Laundering Act concerns alleged irregularities in veterinary officers' final selection through a public recruitment examination. Searches covered premises linked to commission officials, alleged intermediaries, the digital evaluation entity, and selected candidates. Allegations include bribery demands, examination-paper leakage, OMR answer-sheet tampering, and facilitation of selection for relatives of commission officials.
August 18, 2026
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Export-import operations advance through operational preparedness review and planned port-led industrial and logistics development initiatives.
Operational preparedness for full land-based export-import operations at Vizhinjam Seaport was reviewed, including the Vehicle Traffic Management System. EXIM cargo operations follow a trial shipment of the port's first export container to Valencia. Mission Samudra is proposed to support port-led industrial and logistics development alongside these operations. The deep-water port was developed through a public-private partnership model and had obtained commercial commissioning certification before its dedication to the nation.
August 18, 2026
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Industrial corridor development prioritises empowered SPVs, integrated infrastructure and investor-ready parks to accelerate manufacturing investment and operations.
National Industrial Corridor Development Programme implementation prioritises timely infrastructure completion, land allotment, investment mobilisation and commencement of manufacturing. PM GatiShakti-aligned planning requires integrated connectivity, utilities and social infrastructure, while States should resolve land, clearance and SPV-power bottlenecks. BHAVYA proposes investment-ready, plug-and-play industrial parks appraised for ready land, credible demand, connectivity, utilities, realistic phasing and early investor attraction. NICDIT routes Government participation and equity support for BHAVYA project SPVs, and NICDC coordinates implementation and monitoring.
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
Show AI Summary
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
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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
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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
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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.

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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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