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    NBCC moves SC for RERA exemptions to complete 16 stalled Supertech projects
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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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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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HIGHLIGHTS

December 10, 2025

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New Delhi, Dec 10 (PTI) Following are the top stories at 9.10 pm: TOP STORIES PAR59 LS LDALL ELECTION (8.47 PM)

Congress' defeat in polls due to its leadership, not EVMs or 'vote chori': Amit Shah in Lok Sabha New Delhi: A combative Union Home Minister Amit Shah on Wednesday hit out at the opposition in the Lok Sabha for its campaign against SIR, saying the issue has been raked up as it can no longer win elections by "corrupt practices", and asserted that the reason for Congress' defeat in polls was its leadership, not EVMs or "vote chori".

DEL83 RAHUL-SHAH-RESPONSE (9.03 PM)

Didn't answer any questions, completely defensive response': Rahul on Shah's speech in LS New Delhi: After the Lok Sabha witnessed a heated exchange between him and Amit Shah during a debate on election reforms, Congress leader Rahul Gandhi on Wednesday called the home minister's response "completely defensive" and asserted that "vote chori" is the "biggest treason".

DEL81 AVI-LDALL INDIGO (8.49 PM)

DGCA to deploy staff inside IndiGo HQ amid tightening oversight of airline New Delhi/Mumbai: Aviation watchdog DGCA will station its personnel at IndiGo's headquarters as it steps up oversight on India's largest airline, which continues to cancel dozens of flights despite saying operations have stabilised.

LGD22 DL-HC-2NDLD INDIGO (6.52 PM)

IndiGo crisis: Why situation precipitated, are you helpless? Delhi HC asks Centre; tells airline to compensate passengers New Delhi: The Delhi High Court on Wednesday questioned the central government for not taking timely action to check the crisis caused by IndiGo flight cancellations and asked why the situation was allowed to precipitate, with lakhs of passengers stranded and other airlines charging hefty fares.

MDS20 KA-LDALL HATE SPEECH (8.35 PM)

Bill to curb hate speech tabled in Karnataka assembly; BJP opposes, says act against political opponents Belagavi (Karnataka): The Karnataka government on Wednesday tabled in the state Assembly a bill to curb hate speech that proposed a jail term of up to 10 years and a maximum fine of Rs 1 lakh amid strong opposition from the BJP, which alleged that the move was aimed at "snatching freedom of expression" of political opponents.

NATION DEL76 PANEL-CIC-APPOINTMENT (8.18 PM)

PM-led panel meets to select new CIC, Rahul gives dissent note New Delhi: The committee headed by Prime Minister Narendra Modi to select the new Chief Information Commissioner met here on Wednesday and is learnt to have decided on the appointment of CIC and eight Information Commissioners, with Leader of Opposition in Lok Sabha Rahul Gandhi apparently giving a dissent note.

DEL77 PM-ISRAEL (8.29 PM)

Netanyahu calls PM Modi, briefs on West Asia situation New Delhi: Prime Minister Narendra Modi on Wednesday spoke with his Israeli counterpart Benjamin Netanyahu and discussed ways to further strengthen the strategic partnership between the two nations.

DEL69 UNESCO-ICH-3RDLD DEEPAVALI (7.31 PM)

India's Deepavali now on UNESCO Intangible Cultural Heritage list, PM hails inscription New Delhi: India's Deepavali, the festival of lights, was on Wednesday inscribed on the UNESCO's Representative List of the Intangible Cultural Heritage of Humanity, sparking celebrations on earning the coveted tag. By Kunal Dutt

PAR15 RS-VANDE-JAIRAM (4.31 PM)

Aim of debate on Vande Mataram is to malign Nehru: Jairam Ramesh New Delhi: The Opposition on Wednesday accused BJP leaders of distorting history, with Congress leader Jairam Ramesh saying that the whole aim of the debate on 150 years of Vande Mataram was to malign first prime minister Jawaharlal Nehru.

BOM34 GA-LD NIGHTCLUB-FIRE (7.50 PM)

Goa nightclub fire: Partner Ajay Gupta arrested; no court relief for absconding owners Panaji/New Delhi: Goa Police on Wednesday arrested Ajay Gupta, a partner in the controversial 'Birch by Romeo Lane' nightclub, even as two absconding owners failed to secure interim relief from a Delhi court on their plea for anticipatory bail.

BOM39 GA-NIGHTCLUB-FIRE-PROBE (8.14 PM)

Luthras booked Thailand tickets as fire raged at Goa nightclub: probe Panaji: Saurabh Luthra and Gaurav Luthra, the main accused and owners of the Goa nightclub where a massive blaze claimed 25 lives, booked tickets to Thailand within an hour of learning about the fire at their establishment, officials said on Wednesday.

DEL70 EC-SIR-DEAD VOTERS (7.46 PM)

SIR in 12 states, UTs: Parties to get list of dead, absent voters before draft roll is out New Delhi: The Election Commission (EC) on Wednesday said the booth-level agents appointed by political parties will be provided with a list of dead, shifted and dead voters before the publication of the draft voters' list in the 12 states and Union territories where the Special Intensive Revision (SIR) exercise is underway.

DEL71 ED-RELIANCE INFRA-LD SEIZE (8.18 PM)

ED seizes 13 bank accounts of Reliance Infra over FEMA 'violations' New Delhi: The Enforcement Directorate on Wednesday said it has seized more than a dozen bank accounts, holding about Rs 55 crore worth deposits, of Anil Ambani Group company Reliance Infrastructure as part of a hawala-linked FEMA investigation.

DEL66 H1B-VISA-INTERVIEWS-CANCEL (7.01 PM)

H1B visa interviews of thousands of applicants in India cancelled triggering outrage New Delhi: Pre-scheduled interviews of thousands of H-1B visa applicants slated for later this month in India have been abruptly postponed by several months apparently to scrutinise their social media posts and online profiles.

CAL20 WB-SHAHJAHAN-WITNESS- 2ND LD ACCIDENT (6.28 PM)

Prime witness in Sandeshkhali violence cases injured, son, driver killed in road accident Barasat: Bholanath Ghosh, one of the prime witnesses in the attack on ED officials in Sandeshkhali and connected CBI cases which implicated now-jailed TMC leader Sheikh Shahjahan, was injured when a truck collided with his car in West Bengal's North 24 Parganas district on Wednesday, a senior officer said.

CAL22 AS-FOREIGNER-LD HARASSMENT (7.11 PM)

Foreigner alleges harassment at Post Malone's concert in Guwahati Guwahati: Two foreigners were allegedly harassed and "touched without consent" at American rapper Post Malone's first Indian concert in Guwahati two days ago, one of them claimed in her social media account.

BUSINESS DEL68 BIZ-LD-INDIA US TRADE TALKS (7.30 PM)

US receives best ever offers from India, says USTR; two-day talks begin New Delhi: US Trade Representative (USTR) Jamieson Greer has said the US has received "best" ever offers from India on the proposed trade agreement amid commencement of two-day talks here between the two countries.

DEL61 BIZ-LD SATYA-NADELLA (6.28 PM)

Thrilled about data centre capacity coming up in India, discussed investments with PM Modi: Nadella New Delhi: Microsoft's investment plan reflects India's progress in the era of technology, its CEO Satya Nadella said on Wednesday, a day after announcing a whopping USD 17.5 billion AI-driven investment in the country and discussing funding plans with Prime Minister Narendra Modi.

LEGAL LGD29 DL-COURT-GOA-FIRE-LD LUTHRAS (7.31 PM)

Goa fire: Luthras fail to get interim relief, court to hear transit anticipatory bail on Thurs New Delhi: Saurabh and Gaurav Luthra, owners of Goa's Birch by Romeo Lane nightclub that caught fire killing at least 25 people, on Wednesday failed to get interim relief from a Delhi court which fixed their pleas seeking transit anticipatory bail for hearing the following day.

LGD30 SC-IAF-PERMANENT COMMISSION (7.46 PM)

No discrimination in grant of permanent commission to women officers in IAF, Centre tells SC New Delhi: The Centre on Wednesday refuted in the Supreme Court the allegation of discrimination and bias in grant of permanent commission to Short Service Commission (SSC) women officers in the Indian Air Force and said 243 men and 177 women were inducted since 2019.

LGD25 DL-HC-SALMAN KHAN (7.07 PM)

Bollywood actor Salman Khan moves Delhi HC for protection of personality rights New Delhi: Bollywood actor Salman Khan has approached the Delhi High Court seeking protection of his personality rights.

FOREIGN FGN44 UK-INDIA-TRADE (8.14 PM)

UK firms boost India presence, turnover hits Rs 5,693 bn as FTA growth unlocked: Report London: UK companies have expanded their footprint in India with a collective turnover of Rs 5,693 billion and a workforce of 552,902 employees over the past year as they tap into new growth unlocked by the Free Trade Agreement (FTA), according to an annual analysis released on Wednesday. By Aditi Khanna

FGN41 RUSSIA-INDIA-LAVROV (8.02 PM)

Lavrov lauds 'good friend' India for pursuing independent multi-vector foreign policy Moscow: Russian Foreign Minister Sergei Lavrov on Wednesday lauded "good friend" India for pursuing an independent multi-vector foreign policy. By Vinay Shukla

FGN37 UK-INDIAN-NURSE (6.55 PM)

British Indian nurse jailed for rape, sexual assaults at Scotland care home London: A 47-year-old nurse from Kerala has been sentenced to seven years and nine months' imprisonment after pleading guilty to rape and sexual assault offences at a care home in Scotland.

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