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    NBCC moves SC for RERA exemptions to complete 16 stalled Supertech projects
    DFS Hosts PSB Confluence 2026: Day 1 Deliberations focus on Four themes- Deposit Mobilisation, Banking for Youth, Supporting the Investment Cycle and ...
    Govt to soon announce high-level panel on 'Banking for Viksit Bharat': FM
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    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
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    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 15, 2026
    Show AI Summary
    Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
    Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
    August 15, 2026
    Show AI Summary
    Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
    FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
    August 15, 2026
    Show AI Summary
    Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
    Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
    August 15, 2026
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    Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
    Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
    August 15, 2026
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    Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
    Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.

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      Jan Suraaj's poll debacle puts spotlight on political '€˜startups'€™ that failed to become 'unicorns'

      November 16, 2025

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      New Delhi, Nov 16 (PTI) The debacle of Prashant Kishor's Jan Suraaj party in the Bihar assembly elections has put the spotlight on the phenomenon of several such political 'startups' sprouting in the crowded political battleground but very few becoming 'unicorns'.

      While the Jan Suraaj may be the latest to bite the dust, there have been other parties that created a strong buzz but failed to succeed at the hustings such as actor-turned-politician Kamal Haasan's Makkal Needhi Maiam, which drew a blank in the 2021 Tamil Nadu assembly polls.

      Going forward, all eyes are now on the Tamilaga Vettri Kazhagam (TVK), founded last year by actor-turned-politician Vijay. The party has created a strong buzz and with several political 'startups' formed by movie stars doing well in the past in the South, there are high expectations from it in the Tamil Nadu assembly polls next year.

      Former Congress leader and political analyst Sanjay Jha said political 'startups' find it difficult to get going as ideological clarity takes time to accomplish, and claimed that India has become more conservative, less risk-taking, and ossified by conversations on traditionalism.

      There are very small 'startup' parties as well such as the Plurals party in Bihar headed by Pushpam Priya Choudhary. Her party has contested two consecutive assembly polls in Bihar but drew a blank in both.

      Then there are small parties that have limited ambitions and survive in pockets such as Jitan Ram Manjhi's Hindustani Awam Morcha (Secular) and Upendra Kushwaha's Rashtriya Lok Morcha.

      In Uttar Pradesh, there are parties like NISHAD Party, Peace Party, Apna Dal (Sonelal) and Suheldev Bharatiya Samaj Party (SBSP).

      In India, parties keep getting formed and disappear after a poor showing at the hustings, hardly creating any buzz. But this cannot be said about Kishor's Jan Suraaj because it created more than a splash, with many predicting that it could emerge as the next Aam Aadmi Party (AAP) in the Bihar polls.

      However, the media euphoria around it proved to be a mirage as the party was decimated at the hustings and failed to open its account in any of the 238 seats it contested.

      According to the Election Commission, most of the Jan Suraaj candidates secured less than 10 per cent of the total votes polled and had their deposits forfeited.

      Barring exceptions, parties in India that have gained a foothold are broadly characterised into three categories -- arising out of a movement, built around a household name, personality or a dynasty, and developed around a social or religious group or a specific ideology.

      Kishor was a known personality but not like the ones that have succeeded in the past with most being movie stars or established politicians who broke away from their parent parties.

      If one looks at the political landscape of the country, there are six national parties -- BJP, Congress, Bahujan Samaj Party (BSP), Communist Party of India (Marxist) (CPM), National People's Party (NPP), and AAP.

      While the Congress arose from the freedom movement, the BJP arose from an ideology and gained from the Ram Janmabhoomi movement.

      The CPI(M) was built around ideology, the NPP was formed by a known politician who broke away from his parent party, the BSP was built around a social group and the AAP emerged from the India Against Corruption movement.

      Very few political 'startups' have done well since the rise of the regional Telugu Desam Party (TDP) in 1982 and that too was formed on the popularity of movie star N T Rama Rao.

      Parties that have emerged as regional powerhouses after that such as West Bengal's Trinamool Congress, Biju Janata Dal in Odisha and AIMIM in Telangana have gained due to a known political figure who broke away from the parent party (Mamata Banerjee) or due to dynastic goodwill (Naveen Patnaik and Asaduddin Owaisi). Though AIMIM was formed much earlier, it gained popularity under Owaisi.

      Other parties such as Lok Janshakti Party (Ram Vilas), NCP (SP) and Shiv Sena (UBT) are also examples that fall in either of the two categories -- breakaway factions or dynastic goodwill.

      The Viduthalai Chiruthaigal Katchi (VCK) was built around a movement for the protection of Dalits and has had limited success in Tamil Nadu.

      Sanjay Kumar, a psephologist and former director at the Centre for the Study of Developing Societies (CSDS), does not believe in the notion that political 'startups' work more in the South than the North but stated that it depends on specific factors.

      "I feel you need a backdrop against which a new party is formed. One is, if your face is recognisable and you have a big personality. In the South, most of the examples are of movie stars. Your face should be absolutely recognised by the common people and not your work but your face. Second, the party formed against the backdrop of some movements for example the Aam Aadmi Party and the Assam Gana Parishad in Assam.

      "The parties that have failed, including Prashant Kishor's party, don't fit into either of the two criteria. In the South, most of the parties that have been set up are by film stars, their face is recognised and that is why they have been more successful than some of the parties in North India," he opined.

      Political analyst Sanjay Jha said that for a political 'startup', it is important to treat its debut as a semi-final and it is good not to live in a fool's paradise.

      "Arvind Kejriwal is not the correct example: he was an outlier beneficiary of a high-profile 24x7 media-fuelled campaign, which was surreptitiously augmented by the RSS," he claimed.

      In a crowded multipolar political ecosystem, the launch of a new ideology or entity struggles to get the prime time attention after the initial euphoria, he argued.

      "... funds, right talent, operational planning and ideological clarity take time to accomplish. What makes matters more challenging is that the legacy status quoist political parties will go hammer and tongs at the new entrant, as it would invariably shrink their market share of votes.

      "Thus, they have a huge incentive to ridicule and malign the new kid on the block as a surrogate of an existing behemoth," the former Congress leader said.

      "I think Prashant Kishor followed the playbook brilliantly. But we must remember that under (Prime Minister Narendra) Modi, India has become more conservative, less risk-taking, and ossified by conversations on traditionalism," Jha alleged.

      It is not easy to disrupt the political ecosystem because Modi would like a two-party structure, he claimed.

      "It helps his case to see the destruction of regional aspirations and to limit his resources to just one pan-India alternative," Jha alleged.

      The ruling NDA decimated the Mahagathbandhan in Bihar to retain power, dealing a body blow to the Congress and its ally RJD. The Jan Suraaj had a disappointing debut, drawing a blank. PTI ASK BJ DIV DIV

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