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    MSMEs are the true builders of India’s economic resilience: LG Sinha
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August 19, 2026
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MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
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Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
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Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
August 19, 2026
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Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
August 19, 2026
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Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
August 19, 2026
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Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
August 19, 2026
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Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
August 19, 2026
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International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
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Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
August 19, 2026
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Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
August 19, 2026
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AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
August 19, 2026
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Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
August 19, 2026
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Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
August 19, 2026
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Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
August 19, 2026
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Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.
August 19, 2026
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India-Japan investment partnership prioritises technology, manufacturing and infrastructure collaboration, with Uttar Pradesh positioned for deeper Japanese commercial engagement.
India-Japan economic cooperation is positioned for deeper investment and commercial partnerships in manufacturing, technology, infrastructure, energy, defence, artificial intelligence, semiconductors, critical minerals, batteries and next-generation mobility. Uttar Pradesh is identified as a prospective destination for Japanese investment because of its workforce, connectivity, manufacturing base, MSME sector, export capacity, transport infrastructure and industrial clusters. Investment facilitation is associated with reforms in ease of doing business, digital public infrastructure and multimodal logistics.
August 19, 2026
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Carbon border adjustment compliance requires reliable emissions data, reporting, accreditation and verification throughout exporters' supply chains.
European Union Carbon Border Adjustment Mechanism compliance requires exporters to address covered products, embedded-emissions calculation, data collection, reporting, accreditation and verification. Preparedness across the export value chain depends on timely emissions data from suppliers and other stakeholders, supported by credible verification mechanisms. Capacity-building and engagement seek to facilitate workable compliance with evolving sustainability-related international trade requirements.
August 19, 2026
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Youth banking engagement promotes sustained customer relationships through digital access, campus outreach and financial support across evolving life stages.
Public Sector Banks and Public Financial Institutions are urged to implement actionable strategies with clear ownership and realistic timelines. Youth banking engagement is to be strengthened through a focused campaign, a common digital access platform and physical outreach, supporting young customers' evolving financial needs. Priority sector lending requires granular monitoring, early identification of target gaps and productive credit flow to intended beneficiaries. Agriculture and horticulture value-chain financing may cover farmer producer organisations, storage, processing, logistics and market linkages, while credit card strategies include digital onboarding, cross-selling and RuPay-UPI integration.
August 18, 2026
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Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.
August 18, 2026
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Public sector banking competitiveness requires distinct institutional strengths, early capability building and strategic support for economic growth priorities.
Public sector banks are urged to use their customer base, branch networks, geographic reach, institutional experience and digital capabilities to build stronger competitive positions and leadership. Each bank may develop distinct areas of excellence based on geography, customer relationships, sectoral expertise, technology capabilities or international presence. Strategic priorities include deposit mobilisation, banking for youth, support for investment and global capability centres, agriculture and horticulture infrastructure, credit-card business reorientation and priority sector lending.

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Customs & Trade

American e-waste is causing 'hidden tsunami' in Southeast Asia, report says

October 23, 2025

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Hanoi, Oct 23 (AP) Millions of tons of discarded electronics from the United States are being shipped overseas, much of it to developing countries in Southeast Asia unprepared to safely handle hazardous waste, according to a new report released Wednesday by an environmental watchdog.

The Seattle-based Basel Action Network, or BAN, said a two-year investigation found at least 10 US companies exporting used electronics to Asia and the Middle East, in what it says is a “hidden tsunami” of electronic waste.

“This new, almost invisible tsunami of e-waste is taking place ... padding already lucrative profit margins of the electronics recycling sector while allowing a major portion of the American public's and corporate IT equipment to be surreptitiously exported to and processed under harmful conditions in Southeast Asia,” the report said.

Growing e-waste --------------------- Electronic waste, or e-waste, includes discarded devices like phones and computers containing both valuable materials and toxic metals like lead, cadmium and mercury. As gadgets are replaced faster, global e-waste is growing five times quicker than it's formally recycled.

The world produced a record 62 million metric tons in 2022. That's expected to climb to 82 million by 2030, according to the United Nations' International Telecommunication Union and its research arm, UNITAR.

Toxic chemicals -------------------- That American e-waste adds to the burden for Asia, which already produces nearly half the world's total. Much of it is dumped in landfills, leaching toxic chemicals into the environment. Some end up in informal scrapyards, where workers burn or dismantle devices by hand, often without protection, releasing toxic fumes and scrap.

About 2,000 containers — roughly 33,000 metric tons (36,376 US tons) — of used electronics leave US ports every month, according to the report. It said the companies behind the shipments, described as “e-waste brokers,” typically don't recycle the waste themselves but send it to companies in developing countries.

Response to the report --------------------------- The companies identified in the report include Attan Recycling, Corporate eWaste Solutions (CEWS, Creative Metals Group, EDM, First America Metal Corp., GEM Iron and Metal Inc., Greenland Resource, IQA Metals, PPM Recycling and Semsotai.

Six of the companies didn't immediately respond to emailed requests for comment.

Semsotai told The Associated Press that it doesn't export scrap, only working components for reuse. It accused BAN of bias.

PPM Recycling told The Associated Press that its warehouses in California and Texas ship only aluminium and other non-iron metals to Malaysia. It said BAN had exaggerated shipment volumes, adding that it used accurate trade codes and followed US and international rules.

Greenland Resource told The Associated Press it took the allegations seriously and was reviewing the matter internally and couldn't comment further without seeing the report.

CEWS said it follows strict environmental standards, but some aspects of where and how recycled materials are handled are industrial secrets.

Value of more than USD 1 billion ----------------------------------- The report estimated that between January 2023 and February 2025, the 10 companies exported more than 10,000 containers of potential e-waste valued at over USD 1 billion, the report said. Industrywide, such trade could top USD 200 million a month.

Eight of the 10 identified companies hold R2V3 certifications — an industry standard meant to ensure electronics are recycled safely and responsibly, raising questions about the value of such a certification, the report said.

Several companies operate out of California, despite the state's strict e-waste laws requiring full reporting and proper downstream handling of electronic and universal waste.

International treaty ----------------------- Many e-waste containers go to countries that have banned such imports under the Basel Convention, which is an international treaty that bars hazardous waste trade from non-signatories like the US, the only industrialised nation yet to ratify it.

The nonprofit said its review of government and private trade records from ships and customs officials showed shipments were often declared under trade codes that did not match those for electronic waste, such as “commodity materials” like raw metals or other recyclable goods, to evade detection. Such classifications were “highly unlikely” given how the companies publicly describe their operations, the report said.

Landfills and pollution --------------------------- Tony R. Walker, who studies global waste trade at Dalhousie University's School for Resource and Environmental Studies in Halifax, Canada, said he wasn't surprised that e-waste continues to evade regulation. While some devices can be legally traded if functional, most such exports to developing nations are broken or obsolete and mislabeled, bound for landfills that pollute the environment and have little market value, he said.

He pointed to Malaysia — a Basel Convention signatory identified in the report as the primary destination for US e-waste — saying the country would be overwhelmed by that volume, in addition to waste from other wealthy nations.

“It simply means the country is being overwhelmed with what is essentially pollution transfer from other nations,” he said.

Mecca of junk' ------------------ The report estimates that US e-waste shipments may have made up about 6 per cent of all US exports to the country from 2023 to 2025. After China banned imports of foreign waste in 2017, many Chinese businesses shifted their operations to Southeast Asia, using family and business ties to secure permits.

“Malaysia suddenly became this mecca of junk,” said Jim Puckett of the Basel Action Network.

Containers were also sent to Indonesia, Thailand, the Philippines and the UAE, despite bans under the Basel Convention and national laws, the report added.

In countries receiving this US e-waste, "undocumented workers desperate for jobs" toil in makeshift facilities, inhaling toxic fumes as they strip wires, melt plastics and dismantle devices without protection, the report said.

Efforts to control illegal imports ------------------------------------- Authorities in Thailand and Malaysia have stepped up efforts to curb illegal imports of US e-waste.

In May, Thai authorities seized 238 tons of US e-waste at Bangkok's port seized 238 tons of US scrap at Bangkok's, while Malaysian authorities confiscated e-waste worth USD 118 million in nationwide raids in June.

Most of the facilities in Malaysia were illegal and lacked environmental safeguards, said SiPeng Wong, of Malaysia's Centre to Combat Corruption & Cronyism.

Exporting e-waste from rich nations to developing nations strains local facilities, overwhelms efforts to manage domestic waste and is a form of “waste colonialism,” she said. (AP) SKS SKS

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