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    AssetPlus Launches Portfolio Management Services to Help MFD Partners Grow and Retain High-Net-Worth Clients
    APEDA Facilitates Flag-Off of 18 MT of NPOP-Certified Ethnic Rice from Tripura for Export to Austria and the Netherlands
    VR LIVIN’s ‘THE FIRST’ Records Sale of 20 Villas Within Two Days of Launch
    IAAPI Calls for GST Rationalisation to Support Growth and Consumer Demand in India’s Amusement Industry
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September 3, 2026
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Portfolio management services distribution enables certified mutual fund distributors to digitally onboard and report for eligible high-net-worth clients through AssetPlus.
AssetPlus has launched Portfolio Management Services for certified Mutual Fund Distributor partners to digitally onboard, track, manage and report PMS investments for eligible high-net-worth clients. PMS distribution requires NISM Series-XXI-A certification and operates within the APRN distributor-registration framework. PMS comprises individually managed portfolios run by SEBI-registered Portfolio Managers and held in clients' demat accounts. The minimum investment is Rs. 50 lakh, and offerings are governed by the SEBI (Portfolio Managers) Regulations, 2020. The platform provides daily reconciliation of holdings, performance and valuations.
September 3, 2026
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NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.
September 3, 2026
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Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
VR LIVIN Ventures LLP launched 'THE FIRST', an 83-villa gated residential community in Madhavaram, North Chennai, which recorded sales of 20 villas during its first two launch days. The development includes smart-home villas and more than 50 lifestyle amenities, with access to nearby metro connectivity and social infrastructure. It forms part of the company's intended expansion of residential projects in Chennai and other South Indian locations.
September 3, 2026
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GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
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Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
September 3, 2026
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Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.
September 3, 2026
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Money laundering investigation examines alleged diversion of bank loans from a power project to group entities and personal use.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
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Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
September 3, 2026
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Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
September 3, 2026
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Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
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Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
September 3, 2026
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Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
GIFT-IFSC's IBUs mobilised foreign-currency liquidity under the RBI's FCNR(B) deposit swap facility, with 20 IBUs sanctioning USD 54.02 billion and disbursing approximately USD 52.82 billion as at 31 August 2026. Between April and August 2026, IBUs disbursed USD 11.62 billion in External Commercial Borrowings, while Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges. These activities support cross-border financing, international capital-market access and foreign-exchange inflows.
September 3, 2026
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Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
Operational leadership for bilateral economic engagement is strengthened through the appointment of Shuchita Sonalika as the first Chief Operating Officer of the Canada-India Business Council. The appointment is directed toward enhancing the council's capacity to support expanding investment and economic relations between Canada and India, in coordination with its board, members and partners. Sonalika brings international affairs experience in advancing India's economic partnerships across global markets.
September 3, 2026
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Regulatory certainty and compliance reforms support investment facilitation, infrastructure development, MSME credit access, and reduction of bank non-performing assets.
Regulatory certainty, ease of compliance and investment facilitation are identified as central elements of India's economic reform orientation. The Insolvency and Bankruptcy Code is included among reforms supporting regulatory certainty, reduced paperwork and easier compliance. Policy priorities include infrastructure development, artificial intelligence and data centres, credit access for MSMEs, reduction of banks' non-performing assets, fiscal discipline, and investment facilitation by central and state governments.
September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
Japan Credit Rating Agency upgraded India's foreign-currency and local-currency long-term issuer ratings to A-, citing solid economic growth, strengthened growth-oriented policies and improved financial-system soundness. Improved banking asset quality, insolvency mechanisms, government capital infusion and stronger central-bank supervision support financial resilience. Fiscal quality has improved through greater infrastructure-focused capital expenditure and restraint in current spending, while a contained current-account deficit, services surplus and substantial foreign-exchange reserves support resilience to external shocks.
September 2, 2026
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Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
Foreign capital inflows and modest foreign institutional equity purchases supported rupee appreciation against the US dollar despite weak domestic equities, elevated crude oil prices and a stronger dollar. RBI monitoring and apparent currency-market intervention supported the rupee amid risk aversion, higher US Treasury yields and concerns over crude supply disruptions. Forthcoming US employment data remained relevant to dollar and rupee direction.
September 2, 2026
Show AI Summary
Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
September 2, 2026
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Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
September 2, 2026
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GST bribery allegations led to a trap operation against officials and an intermediary in a quarrying matter.
Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
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State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
Haryana's SGST collections increased by 29 per cent during April-August of financial year 2026-27, exceeding the national growth rate of 16 per cent. August 2026 post-settlement SGST revenue rose by 21 per cent, compared with national average growth of 13 per cent. Haryana accounted for less than 4 per cent of national GST taxpayers but contributed approximately 7.7 per cent of aggregate national SGST, CGST and IGST collections. VAT/CST collections rose by 13.8 per cent during the same period.

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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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