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    PNB and Andhra Pradesh sign MoU to establish India's first Bank-led Quantum Finance Hub at Amaravati
    Govt allows FDI in inventory-based e-commerce model only for export purposes
    Joint home loans in India - interest rates start at 7.25%* p.a. for salaried applicants
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    ENERGY STATISTICS INDIA
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    Lokayukta police unearth Rs 17 crore assets of power firm official, relatives
    Maharashtra govt releases 'representative' list of 533 beneficiaries of farm loan waiver scheme
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    July 23, 2026
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    Quantum finance innovation will develop secure, AI-enabled banking solutions through collaborative research, startup incubation, cybersecurity enhancement and workforce development.
    Quantum finance innovation is to be advanced through a memorandum of understanding for establishing the PNB Quantum Finance Hub at Amaravati Quantum Valley. The hub will develop, test and support adoption of secure, intelligent and future-ready banking solutions using Quantum Computing and Artificial Intelligence. It will bring together industry, academia, startups and government agencies for research, innovation, incubation and acceleration of financial technologies, focusing on cybersecurity, fraud detection, operational efficiency, risk management and customer experience.
    July 23, 2026
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    Foreign investment in inventory-based e-commerce is allowed only for exports of Indian-made goods, while domestic retail remains prohibited.
    Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Restrictions on business-to-consumer and inventory-based e-commerce do not apply to these exports, subject to the Foreign Trade Policy 2023 and export regulations. Foreign direct investment in inventory-based e-commerce retailing for domestic sales remains prohibited, with the revised position taking effect upon the relevant foreign exchange notification.
    July 23, 2026
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    Joint Home Loan Eligibility and Shared Repayment Liability Shape Borrowing Capacity, Tax Claims, Documentation, and Exit Planning.
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    July 23, 2026
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    Export competitiveness increasingly depends on regulatory compliance, preferential trade access and diversification into smartphones, medicines, petroleum products and semiconductors.
    India's export potential to 2031 is centred on smartphones, polished diamonds, petroleum products and medicines, with the United States, Hong Kong, Japan, China, Singapore and the United Arab Emirates as important markets. New product opportunities include iron ore concentrates, gasoline vehicles and light petroleum oils. Although selected destinations offer duty-free or preferential access, market entry in mature markets increasingly depends on compliance with non-tariff measures, including registration, quality certification, safety documentation and product standards. Semiconductor-related manufacturing is identified as a long-term opportunity supported by expanding electronics capacity, supply-chain diversification and domestic incentives.
    July 23, 2026
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    Foreign investment in inventory-based e-commerce is permitted exclusively for exports of Indian-manufactured or produced goods under export compliance rules.
    Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Foreign direct investment remains permitted in business-to-business e-commerce and the marketplace model, while business-to-consumer and inventory-based direct sales to consumers remain prohibited except for the specified export activity. Export-oriented inventory-based operations must comply with the applicable Foreign Trade Policy and foreign exchange regulations governing exports.
    July 23, 2026
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    Women's leadership in credit expands through a Chennai community platform supporting mentorship, inclusive lending practices, and financial ecosystem collaboration.
    The Chennai chapter of the 'Credit Goes to HER' initiative provides a platform for women professionals in banking, NBFCs, fintech, housing finance, academia and policy to share knowledge, obtain mentorship and collaborate on inclusive credit practices. It seeks to strengthen women's leadership and participation in the credit ecosystem while supporting responsible lending, financial inclusion, transparency and data-driven decision-making.
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    Digital personal-loan campaign combines online collateral-free borrowing, eligibility-based assessment, flexible repayment options and conditional lifestyle rewards for successful disbursals.
    Digital personal-loan campaign permits eligible customers to apply online for collateral-free borrowing and receive specified lifestyle rewards upon successful disbursal, subject to campaign terms. Applicants may check an offer, provide personal, financial and employment information, review loan terms, complete know-your-customer and bank-account verification, and undergo assessment. Interest rates, loan amounts and repayment tenures depend on eligibility, credit profile, income and internal assessment. An EMI calculator supports comparison of repayment options and estimation of monthly instalments before application.
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    Foreign-exchange market pressure weakened the rupee as elevated crude prices and risk sentiment drove trading conditions.
    Foreign-exchange market movement saw the rupee depreciate against the US dollar amid elevated crude oil prices linked to heightened West Asia hostilities. Weak domestic equity markets and foreign investor equity outflows contributed to negative sentiment. Market commentary indicated that prospective Reserve Bank of India intervention supported the rupee and could limit sharper depreciation, while shipping-security concerns contributed to elevated oil prices.
    July 23, 2026
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    Homebuyer refund claims in developer insolvency proceed through pro-rata distribution of funds deposited for eligible buyers.
    Homebuyer refund claims connected with demolished residential towers are being considered within the developer's insolvency proceedings. Buyers who have not opted for alternative allotment seek repayment. Eligible refunds are contemplated on a pro-rata basis from funds deposited by the Interim Resolution Professional, subject to the claims process and the availability of deposited funds.
    July 23, 2026
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    Free trade agreement tariff reductions create investment opportunities for Asia-Pacific manufacturers seeking UK and European market access.
    The UK-India Free Trade Agreement is presented as reducing tariffs on advanced machinery and manufacturing-related goods and creating trade and investment opportunities for Asia-Pacific manufacturers seeking UK and European market access. Manchester is promoted as an investment location through its advanced manufacturing cluster, skilled workforce, innovation infrastructure, international links, and available manufacturing and research space. Invest Manchester provides investor support and undertakes international engagement to develop trade, investment and innovation partnerships.
    July 23, 2026
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    Practical legal training and structured internships strengthen judicial examination preparation, professional skills, and career exposure for law students.
    Legal education employability initiatives combine curriculum alignment for judicial and competitive examinations with mentoring, legal drafting practice, research training, and professional interaction. Internships provide practical exposure to courts, judicial institutions, government bodies, law firms, advocates' chambers, corporate legal departments, and non-governmental organisations. Students in integrated and three-year law programmes complete prescribed minimum internship periods, with summer and winter placements commencing after the first year. Specialisation-based internships cover civil, criminal, corporate, cyber, intellectual property, arbitration, taxation, and government or non-governmental legal work.
    July 23, 2026
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    Student fashion showcase celebrates identity, personal storytelling, craft preservation and conscious creation through nine contemporary design collections.
    Student fashion showcase 'Astitva' presented nine contemporary collections exploring identity, belonging, transformation, memory, resilience, grief and cultural heritage through personal design narratives. The collections included a contemporary reinterpretation of Bhujodi weaving, Ajrakh block printing and Kumaoni hand-knitting, emphasising preservation of Indian craft traditions. Recognition included a designer award for the craft-revival collection and a sustainability award for a collection focused on craftsmanship, conscious creation, heirloom design and mindful luxury.
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    Official statistical modernization strengthens macroeconomic measurement through revised bases, digital surveys, validated data collection and district-level estimates.
    Official statistical methodology and National Sample Surveys are periodically reviewed to reflect changing economic conditions, emerging data needs and international standards. Base revisions for key macroeconomic indicators incorporate updated data, expanded coverage, revised weights, administrative sources and improved estimation of the unincorporated sector. Survey methods are updated through expert consultation, pilot studies and field testing. Digital collection platforms, validation checks, real-time monitoring, AI-enabled tools and multilingual interfaces support improved data quality, quicker releases, high-frequency surveys and district-level estimates.
    July 23, 2026
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    Energy statistics reporting expands with internationally aligned consumption data, energy-sector credit flows, and improved coal and electricity coverage.
    Energy Statistics India 2026 reports Total Primary Energy Supply and renewable energy potential, supporting energy policy and infrastructure planning. Its 33rd edition adds data on credit flow to the energy sector, the international energy scenario, and international marine and aviation bunker use. It aligns end-use consuming sectors for energy commodities with international standards and addresses data gaps in industry-wise coal and electricity consumption.
    July 23, 2026
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    Competition approval for full acquisition integrates cash replenishment, ATM hardware, software, managed services and maintenance operations.
    Competition approval has been granted for The Brink's Company's acquisition of the entire equity share capital of NCR Atleos Corporation, which will become wholly owned and controlled by the acquirer. The acquirer provides cash replenishment and ancillary first-line maintenance in India. The target's Indian activities include ATM hardware manufacture and supply, ATM software development and licensing, ATM managed services, and first-line and second-line ATM maintenance.
    July 22, 2026
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    Forced-labour import controls face proposed Section 301 tariff action, while India contests the investigations through bilateral trade discussions.
    Section 301 investigations concerning forced-labour imports examine whether 60 major trading partners, including India, have adopted and effectively enforced import prohibitions on goods produced with forced labour. Proposed additional tariffs would vary according to the strength of existing forced-labour import controls. India has contested the investigations and indicated that these issues may be addressed through the bilateral trade agreement under discussion. India has also initiated an anti-dumping investigation into global soda ash imports to assess potential injury or threat of injury to domestic industry.
    July 22, 2026
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    Disproportionate-assets investigation examines property, bank accounts, tax returns and investments linked to a power company official and relatives.
    Disproportionate-assets investigation concerns allegations that a power distribution company official and close relatives acquired movable and immovable assets beyond known sources of income. Lokayukta Police conducted searches, identified assets and bank deposits linked to the official, family members and associated business entities, and sought freezing of account transactions. The inquiry includes verification of property acquisitions, income-tax returns, and stock-market and mutual-fund investments, with further investigation pending.
    July 22, 2026
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    Farm loan waiver eligibility requires verified data, Agristack registration and Aadhaar authentication before direct transfer to loan accounts.
    The farm-loan waiver and one-time settlement mechanism applies to eligible beneficiaries whose loan data is uploaded by participating banks and verified through the scheme portal. Excluded categories include legislators, local-body office-bearers, government employees, certain income-tax payers, and specified cooperative-sector personnel. Eligible farmers must register on Agristack and complete Aadhaar authentication using their Aadhaar number or unique ID. After successful authentication, the eligible benefit is transferred directly to the loan account through the Direct Benefit Transfer system.

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      Definitive mechanism needed to bring back all fugitives to face Indian laws: Amit Shah

      October 16, 2025

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      New Delhi, Oct 16 (PTI) Union Home Minister Amit Shah on Thursday said a "ruthless approach" must be adopted to bring every fugitive before the Indian justice system in a time-bound manner.

      He also underlined that India cannot be truly secure until those residing abroad and harming the country's economy, sovereignty, and security begin to fear the Indian laws.

      Addressing a conference on 'Extradition of Fugitives - Challenges and Strategies' organised by the CBI here, Shah asked all the states to set up at least one prison cell of international standards to blunt the claims of poor standards of Indian jails often made by fugitives in foreign courts to counter their extradition proceedings.

      The home minister also suggested developing a coordination mechanism between the passport issuance process and the law enforcement agencies, so that when the process of issuing a Red Corner Notice begins against any offender, their passport can be red-flagged.

      "It is not a difficult thing to do with the present technologies. When a red notice is issued, the passport should be cancelled to block the fugitive's international travel. If we can build this provision into the system, it will help bring the fugitives back," Shah said.

      Several fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi have raised the issue of poor conditions of Indian prisons to counter their extradition cases in foreign courts.

      India has 338 extradition requests pending with various countries.

      Earlier, CBI Director Praveen Sood said in his welcome address that India issued a record 199 Interpol notices in 2025, which is more than double compared to 2024, when 96 Interpol notices were issued -- 52 red and 44 blue. As many 189 notices were issued in the first nine months of 2025, including 79 red notices and 110 blue notices, Sood said.

      "So far, Interpol has published a total of 957 red notices against fugitives. Of these, 231 are related to CBI cases, 130 to NIA, 21 to ED, 12 to NCB cases, and the remaining to various state police forces," he said.

      Sood, however, said one cannot take pride in these figures just yet for two reasons -- first, the number is still relatively low compared to other countries, and second, the real work begins only after the notices are published.

      At the conference, which was also attended by Home Secretary Govind Mohan, Foreign Secretary Vikram Misri, and Director of Intelligence Bureau, Tapan Kumar Deka, Shah said that while maintaining a zero-tolerance policy against corruption, crime and terrorism within the country, "we must also adopt a zero-tolerance approach towards those operating such activities from beyond India's borders".

      "It is our responsibility to bring all such criminals under the purview of Indian laws and to create a robust mechanism for this purpose," he said.

      The home minister said India cannot be truly secure until those residing abroad who harm the country's economy, sovereignty and security begin to fear the Indian justice system.

      Shah said it should be a collective resolve that no matter how cunning a criminal may be, the reach of justice must be even swifter.

      The issue of fugitive criminals is linked to the country's sovereignty, economic stability, law and order, and national security, he said.

      Asserting that after a long time, a structured approach is being developed on this subject, the home minister said that time has come to ensure a system that adopts a "ruthless approach" and brings every fugitive before Indian laws in a time-bound manner.

      Shah said two crucial aspects -- assurance and ecosystem -- are essential to apprehend any fugitive, as he stressed the need to eliminate the assurance in the minds of fugitive criminals that the law cannot reach them.

      He said the ecosystem of legal, financial, and political support must be dismantled, and the institutional nexus created by fugitives abroad eradicated.

      The home minister suggested that with the cooperation of the CBI, every state must establish a unit dedicated to creating a mechanism for bringing back fugitives who committed crimes and fled the state.

      This effort must be accelerated through a "whole of government" approach.

      Shah also asked the agencies to use "to the fullest extent" Sections 355 and 356 of the Bharatiya Nagrik Suraksha Sanhita (BNSS), which provide for 'trial in absentia' that has been included in the law for the first time since India's Independence, allowing trials of fugitives to proceed even in their absence.

      The actionable points emerging from this conference, along with the Bharatpol and 'trial in absentia' provisions, should be integrated to create a mechanism within both state police forces and all Central agencies, with the CBI officially overseeing it, he said.

      Shah also suggested establishing a robust system for sharing the database of fugitives with police forces across the country.

      Besides, a focused group should be formed within the police force in every state to coordinate on narcotics, terrorism, financial and cyber crimes with the CBI, he said.

      Shah asked the Intelligence Bureau (IB) and the CBI to strengthen and accelerate this focus group through the multi-agency centre (MAC).

      Every state police force should quickly set up an expert special cell to ensure effective preparation of extradition cases with guidance from the CBI, Shah said, adding that the central agency should also create a dedicated division to guide these cells.

      Shah said a special campaign should be launched to convert the existing Blue Corner notices into Red Corner notices, for which a dedicated cell should be created in every state.

      A zero-tolerance approach must be adopted not only against corruption, crime and terrorism, but also against criminals operating from outside India, Shah said.

      Efforts must be made to bring all fugitives within the ambit of law and to establish a definite mechanism for this purpose, he added.

      "Whether they are economic offenders, cyber criminals, those involved in terrorist activities or part of organised crime networks, a ruthless approach must be adopted against every fugitive to ensure they are brought before the Indian justice system. The time has come for this," Shah said.

      Senior officials from the Cabinet secretariat, IB, external affairs ministry, CBI, ED, NTRO, FIU, CBDT, NCB, NIA, and Mumbai Police will deliberate on key issues during the conference, ranging from Bharatpol and Interpol products, geo-locating fugitives, bringing them back, strengthening cases in foreign jurisdictions, pursuit of fugitives, and tracking the money trail.

      A session by Helen Malcolm, a well-established extradition advocate from the UK's Crown Prosecution Service, is of special interest, with many high-profile fugitives such as Vijay Mallya, Sanjay Bhandari, Nirav Modi, Vir Karan Awasthy, and Ritika Awasthy presently living in the UK with Indian agencies finding it difficult to seek their repatriation to face the law here.

      The home minister asserted that the Modi government has undertaken foolproof measures to ensure that no offender escapes the wrath of the law.

      "Under the leadership of Prime Minister Narendra Modi, a strong India is moving forward to ensure not only security of its borders, but also strengthening the rule of law," Shah said. PTI ABS ACB SKL ARI ARI

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