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    Rupee rises 5 paise to 94.46 against US dollar in early trade
    No sensitivity of India compromised in trade pact with US: Goyal
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September 4, 2026
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Rupee exchange-rate movement reflects foreign-currency deposit inflows, central-bank intervention, oil-price risks and changing market risk appetite.
Foreign-exchange liquidity measures, including a special central-bank programme for foreign-currency deposits, generated substantial inflows that supported the rupee. Inflows from foreign-currency deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened market conditions. Rupee appreciation was also supported by foreign equity inflows and risk appetite, but remained vulnerable to higher crude-oil prices, US-Iran tensions, safe-haven demand for the US dollar and possible disruption to oil flows through the Strait of Hormuz.
September 3, 2026
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Trade agreement consultations safeguard farmer, worker, MSME and sectoral sensitivities while phased bilateral tariff negotiations continue.
India-US bilateral trade agreement negotiations are being pursued on the stated basis that Indian sensitivities will not be compromised. The agreement's text remains non-public, while the government position identifies farmers, fishers, micro, small and medium enterprises, workers, handloom and handicrafts sectors, and the automobile industry as protected considerations. The arrangement is described as a first tranche, with further engagement contemplated following changes in the United States tariff landscape.
September 3, 2026
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Unauthorised toll collection apps allegedly generated fake receipts, concealed non-FASTag collections, and triggered a money-laundering investigation.
Unauthorised digital applications allegedly enabled toll collection from vehicles without FASTag stickers outside the official reporting system. Mobdata and Any were allegedly used to generate unauthorised or fake toll receipts, conceal collections from NHAI, and monitor such collections through dedicated portals. A PMLA investigation followed an FIR alleging fraudulent toll collection, with digital forensic material indicating use of the mechanism across around 100 toll plazas. Searches resulted in seizure of financial and digital records and freezing of bank accounts.
September 3, 2026
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Economic offence investigations: cross-border training strengthens officers' practical skills in investigation, prosecution, procedures, and handling complex financial crimes.
Capacity-building training under the Indian Technical and Economic Cooperation programme equipped officers from member countries with practical skills for investigating economic offences. It covered varied forms of financial and economic crime, cross-border impact, challenges in investigation and prosecution, standard operating procedures, and investigative best practices. The specialised law-enforcement engagement aims to strengthen international cooperation and investigative capacity in economic-offence matters.
September 3, 2026
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Unauthorised Aadhaar credential use triggers blacklisting and procurement debarment following alleged post-termination enrolment and update transactions.
Alleged unauthorised use of Aadhaar Registrar/EA Code credentials after termination of an operational engagement led the Delhi Construction and Other Workers Welfare Board to blacklist MDS Solution Pvt Ltd. UIDAI communication indicated that Aadhaar-related activity allegedly continued after cancellation through the Board's credentials. The Board lodged a police complaint, barred the firm from its tenders, procurement processes, empanelment and contract awards, and recommended consideration of action under applicable rules and policies.
September 3, 2026
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FCNR(B) deposits strengthen foreign-exchange liquidity and support rupee appreciation alongside foreign portfolio inflows into government securities.
Foreign-currency inflows through FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened foreign-exchange liquidity and supported appreciation of the rupee against the US dollar. Foreign portfolio investment in government securities was linked to the abolition of withholding tax and long-term capital gains tax on such investment. Currency-market conditions were also influenced by foreign institutional equity purchases, global risk appetite, crude-oil prices and geopolitical tensions.
September 3, 2026
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Electric vehicle adoption can reduce transport import dependence while domestic battery manufacturing increases projected long-term savings.
Electric-vehicle adoption across road-transport segments is projected to reduce dependence on imported petrol and diesel, notwithstanding continuing battery imports. Accelerated electrification could reduce vehicle-related import expenditure substantially by 2050 because reduced oil imports are expected to exceed battery-import costs. Domestic cell-manufacturing capacity may further increase savings by combining rapid vehicle electrification with battery localisation.
September 3, 2026
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Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
Women's access to credit for livelihood expansion is to extend beyond Self-Help Groups to individual women members. Loan accessibility concerns include distance from bank branches, repeated visits to complete formalities, and inconsistent banking procedures. Regular State Rural Livelihood Mission meetings, bank participation, training, helplines, process improvements and coordination with bankers are intended to reduce barriers. Loan formalities are to be standardised across banks through a uniform process involving RBI and NABARD.
September 3, 2026
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Industrial development facilitation prioritises infrastructure, services, policy utilisation, and dry-port trade connectivity for businesses and agro-based farmers.
Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.
September 3, 2026
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Regulated fintech infrastructure recognition highlights integrated payment, identity and collections capabilities across embedded financial product delivery.
Decentro operates an integrated fintech infrastructure platform combining payment acceptance, identity verification, banking and AI-led collections through a unified integration layer. It holds Payment Aggregator authorisations for online and physical payments, a Payment Service Provider licence through its GIFT City entity, and certification for offline identity-verification workflows. These capabilities support embedded financial products, payment acceptance, lending collections and related financial workflows for enterprise users.
September 3, 2026
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Responsible NBFC and HFC growth requires technology-enabled inclusion, proportionate regulation, sound governance, liquidity discipline, customer protection and cyber resilience.
NBFCs and HFCs can complement bank-led credit delivery through last-mile reach, sector-specific expertise, digital infrastructure, consent-based data sharing and cash-flow-based underwriting. Sustainable growth requires strong liquidity risk management, governance, compliance culture, diversified funding, stress testing, early-warning systems, dynamic provisioning and sound underwriting standards. Proportionate scale-based regulation, digital lending standards and a substance-over-form approach seek to support innovation while preserving financial stability. Customer protection, responsible lending, grievance redressal, fair recovery conduct, cyber resilience and protection of customer data remain essential.
September 3, 2026
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Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.
September 3, 2026
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September 3, 2026
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Economic growth and infrastructure investment were presented as supporting exports, skilled employment, connectivity, and long-term development.
Economic growth, export expansion and infrastructure investment are presented as interconnected drivers of India's development, global standing and employment opportunities. Infrastructure expenditure, railway expansion and improved transport connectivity are identified as measures intended to facilitate movement, simplify transportation, support trade and exports, and strengthen industrial and commercial activity. These measures are associated with the objective of a developed India by 2047 and enhanced employment, business and growth opportunities.
September 3, 2026
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Co-location and dark fibre settlement addressed allegations of preferential market-data access and speed advantages in trading.
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September 3, 2026
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Preferential tariff treatment remains the condition for finalising the bilateral trade agreement and improving Indian export competitiveness.
Finalisation of the India-US Bilateral Trade Agreement is contingent on the United States extending preferential tariff treatment to India relative to competing supplier countries. Further negotiations are required following changes in the United States tariff environment. A comparative tariff advantage is intended to improve the price competitiveness of Indian goods in the United States market, particularly against competitors benefiting from lower duties under least-developed-country preferences or trade agreements.
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MSME secured lending equity capital, subject to regulatory approval, supports expansion without management-control change in operations.
Business Nextgen Finance Private Limited, a non-deposit taking non-banking financial company registered with the Reserve Bank of India, has raised Rs 215 crore in equity capital to expand secured credit for micro, small and medium enterprises. The transaction received prior Reserve Bank of India approval. The capital base will support secured lending scale-up, geographic expansion, technology investment and wider access to formal credit in underserved markets. The investment does not involve a change in management or day-to-day control.
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Money-laundering probes into narcotics trafficking rely on predicate police and narcotics cases and examine cross-border linkages.
Money-laundering investigation under the Prevention of Money Laundering Act involves coordinated searches in connection with multiple narcotics-trafficking matters. The investigation is founded on police and Narcotics Control Bureau FIRs and linked chargesheets concerning separate drug-trafficking allegations, including alleged trafficking in methamphetamine, marijuana and MDMA with suspected cross-border linkages.
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Opposition in RS calls for govt initiative to check tobacco use

December 4, 2025

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New Delhi, Dec 4 (PTI) Several opposition MPs on Thursday expressed concern in the Rajya Sabha that the government is focusing on increasing revenue from tobacco, rather than initiating strong public health measures to control its use.

Participating in a discussion on a bill seeking to levy more excise duty on tobacco products, members also asked the government to put a check on surrogate advertisements on tobacco products.

The Central Excise (Amendment) Bill, 2025, passed by the Lok Sabha on Wednesday, was moved in the Upper House on Thursday by Minister of State for Finance Pankaj Choudhary.

Speaking on the Bill, Congress deputy leader in the Rajya Sabha Pramod Tiwari said the bill should have been sent to a Parliamentary panel for scrutiny.

Tiwari said the bill is silent on tobacco farmers and labourers who work in the sector.

He said the money earned through levying excise duty on tobacco should be spent on health care to help tobacco-affected people.

"Withdraw the Bill and send it to a committee, so that the excise can be spent on those impacted by tobacco," he added.

He also warned that it may increase the illegal trade of tobacco products.

TMC MP Sagarika Ghose said the bill is a pure and simple revenue move, and it is not for a public health reform.

"This bill is a pure and simple revenue move; it is not a public health reform. It is a move to profiteering on taxes," Ghose said.

"What are you doing from a public health perspective?... Just by raising taxes it is not going to discourage people from smoking or consuming tobacco products. People who are addicted to tobacco or who consume tobacco products will consume them anyway, even if you keep raising taxes," she pointed out.

She also wanted to know if any steps were being taken by the government to discourage surrogate tobacco advertisements.

"We have seen that the government is not taking any steps to control pan masala and tobacco advertisements that are being done by celebrities and influencers across the media. What is the government doing to control these kinds of advertising?" she questioned.

She said global best practices show that tobacco taxes are most effective only when paired with strong public health interventions.

"Therefore, this bill is a pure and simple revenue move. It is not a public health reform. This is a revenue move to profiteer from taxes. It is not a public health reform," she added.

Ghose also said the Centre owed West Bengal around Rs 2 lakh crore.

Noting that tobacco addiction is a major problem faced by the country, DMK MP R Girirajan said instead of taking steps to reduce its consumption, the government is imposing taxes.

"It will only lead to more avoidance of tax as opposed to revenue collection. The middle class, all over the country, is very unhappy that they are paying the majority of taxes, and that they are not getting any tax deduction," he added.

He said India is the only country where the super-rich and super taxpayers have several concessions, while the individual salaried class people are "penalised more".

"A higher share of cess and surcharge restricts the fiscal space available to the states by reducing the divisible pool. That undermines federal fiscal equilibrium and may impair states' ability to invest in essential public services, like education, health and family welfare," he said.

Girirajan also said that the Centre owed around Rs 2 lakh crore to Tamil Nadu.

AAP MP Sandeep Kumar Pathak questioned the vision of the government.

"Would you want to stop tobacco products gradually and save lakhs of lives, or the amount of tax you generate is making you happy, which is around three per cent of the total revenue generated... It also provides jobs to many," Pathak said.

"We need to dissect and thoroughly investigate this... If the government keeps public health as a primary concern, it should make it clear," he added.

There is a massive revenue loss due to tobacco-related health issues, he added.

"The question arises if it can be totally banned...The liquor ban in Gujarat has totally failed; it is delivered at home. Same with Bihar... No matter if your intentions are good... You have to see whether it works or not," he said.

"Your intention is not clear; it looks like you are doing this just for revenue generation." BJP MP Arun Singh said that under the NDA regime, the share of taxes given to states has increased.

"During the UPA, 32 per cent of the taxes were given to states...Our government decided to give 42 per cent to states," he added.

He said that as far as health is concerned, the BJP government "does not need to learn from UPA", and mentioned government schemes like Ayushman Bharat.

"Congress never thought people should get clean water." The Central Excise (Amendment) Bill will replace the GST compensation cess, which is currently levied on all tobacco products like cigarettes, chewing tobacco, cigars, hookah, zarda, and scented tobacco. Currently, a 28 per cent GST plus cess at a varied rate is levied on tobacco.

The bill proposes to levy an excise duty of 60-70 per cent on unmanufactured tobacco. Excise on cigars and cheroots is proposed at 25 per cent or Rs 5,000 per 1,000 sticks, whichever is higher.

Cigarettes, not having filters, and of length not over 65 millimetres, will attract duty of Rs 2,700 per 1,000 sticks and Rs 4,500 per 1,000 sticks for length over 65 millimetres but not exceeding 70 millimetres. PTI AO SKC CS BAL BAL

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