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    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman will embark on official visit to Canada and USA from 25th August to 2nd Septemb...
    UPI Completes 10 Years of Digital Payments Revolution- Globally Recognised as World’s Largest Real‑Time Payment System
    PROVISIONAL ESTIMATES OF SERVICE PRODUCER PRICE INDICES (BASE YEAR 2022-23) FOR Q1 OF FY 2026-27 AND FINAL INDICES FOR Q4 OF FY 2025-26.
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August 24, 2026
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Bilateral economic and financial cooperation will advance through investment dialogues, business engagement, financial-sector partnerships, and global economic discussions.
Official visits to Canada and the United States are scheduled to strengthen bilateral economic and financial partnerships, deepen investment linkages, and advance cooperation on global economic priorities. Engagements include an Economic and Financial Dialogue, investment and business roundtables, corporate meetings, and discussions on financial-sector cooperation, technology, innovation, critical minerals, resilient supply chains, and a Comprehensive Economic Partnership Agreement. Participation in the G20 Finance Ministers and Central Bank Governors Meeting will address global economic growth, stability, and international financial cooperation.
August 24, 2026
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Interoperable real-time payments enable inclusive retail transactions, bank participation, and cross-border digital payment expansion through UPI.
Unified Payments Interface (UPI) operates as an interoperable, real-time digital payments platform for peer-to-peer and person-to-merchant transactions. Its network includes varied banking institutions acting as remitter and beneficiary payment service providers, with performance monitoring across participants. Person-to-merchant payments drive transaction volume through routine small-ticket retail use, while person-to-person payments represent a larger share of transaction value. UPI also supports cross-border digital payments, with future growth linked to technological advancement, broader adoption, policy support, and financial inclusion.
August 24, 2026
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Service Producer Price Indices track quarterly price movements across financial, transport, telecom and insurance services using sub-service weights.
Service Producer Price Indices based on 2022-23 set out provisional first-quarter estimates for FY 2026-27 and final fourth-quarter estimates for FY 2025-26 across financial, insurance, telecom, railway and air-passenger services. Latest quarterly data show negative year-on-year inflation for securities transaction and banking services, while banking service contribution, pension-fund management, insurance, telecom and railway services record positive inflation. Aggregate weights are not assigned because the covered services do not represent the entire service sector; sub-service weights are used to derive service-level PPIs.
August 24, 2026
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Food safety cooperation supports imported-food quality information exchange and technical collaboration within broader bilateral economic and trade engagement.
India-Morocco economic cooperation is being advanced through discussions on trade diversification, market access, investment, industrial cooperation, customs, agriculture, food safety, energy, digital transformation and logistics. A proposed food safety Memorandum of Understanding would support exchanges on imported-food safety and quality, testing laboratories, analytical methods, import procedures, quality control, sampling, testing, packaging and labelling. Proposed cultural cooperation would promote professional exchanges, heritage conservation and institutional linkages.
August 24, 2026
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Foreign-exchange market conditions pressured the rupee as dollar strength, crude concerns and geopolitical uncertainty shaped narrow USD/INR trading.
Foreign-exchange market conditions led the rupee to close marginally lower against the US dollar after reversing initial gains. The USD/INR pair traded within a narrow range amid a stronger dollar index, weak domestic equity markets, importer demand, crude-oil concerns and geopolitical uncertainty. Market commentary indicated a slight negative bias for the rupee, although possible US-dollar weakness could provide support at lower levels. India's foreign-exchange reserves increased during the referenced reporting week.
August 24, 2026
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Branch expansion for wealth and cross-border banking services targets emerging commercial centres and affluent customer segments across India.
HSBC India's branch expansion is directed at extending wealth, international banking, and corporate banking services to affluent, high-net-worth, ultra-high-net-worth, and non-resident Indian customers in emerging commercial centres. The Nashik opening forms part of a broader branch-expansion programme undertaken after Reserve Bank of India approval to establish additional branches in key cities. The programme is intended to expand delivery of banking and financial services, including support for cross-border wealth management, overseas investment by Indian companies, and foreign investment into India.
August 24, 2026
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Bilateral trade and investment cooperation advances through business engagement in high-technology manufacturing, clean energy, innovation and industrial collaboration.
India's commerce and industry engagement with Japan is structured around a business delegation visit to deepen bilateral trade, investment, technology and industrial collaboration. Sector-focused discussions cover semiconductors, artificial intelligence, start-ups, automotive manufacturing, steel, electronics, industrial and consumer markets. Business roadshows and investor interactions are directed at presenting opportunities in India's manufacturing, clean-energy and consumer sectors, while advancing cooperation in high-technology manufacturing and next-generation industries.
August 24, 2026
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Inter-state heroin trafficking enforcement uncovered concealed narcotics in transport vehicles, triggering arrests, confiscation, and continuing supply-chain investigations.
Operation Black Hawk targeted an alleged inter-state heroin trafficking network moving crude heroin from the North-East region towards Uttar Pradesh. Intelligence-led vehicle tracking and highway interceptions resulted in the seizure of over 18.6 kg of crude heroin and the arrest of three suspected network members under the Narcotic Drugs and Psychotropic Substances Act, 1985. The narcotics were detected in specially fabricated concealed compartments within a passenger vehicle fuel tank and a heavy commercial vehicle body frame. Both vehicles and the contraband were confiscated, while financial and logistical investigations continue into suppliers and distribution channels.
August 24, 2026
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Five-day banking and uniform performance incentives drive proposed bank union action over unresolved pension and employment demands.
Banking labour relations are affected by proposed nationwide industrial action over five-day banking, performance-linked incentives, and pension-related demands. Five-day banking remains pending despite a bipartite arrangement for extended weekday hours. Unions dispute an incentive scheme that differentiates awards by seniority and individual performance, contending that it departs from bank-level performance linkage and uniformity across cadres. They also allege that implementation during pending conciliation breaches a status quo obligation, while pension revision, uniform dearness allowance, and a pension-scheme switch option remain unresolved.
August 24, 2026
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Free trade agreement strategy expands preferential market access and supports India's integration into global value chains and investment partnerships.
India's free trade agreement strategy seeks to expand preferential market access and integrate the country into global value chains as a trusted trading partner. Negotiations with additional country groups and individual nations are intended to extend agreement coverage to a substantial share of global trade. Investment opportunities are identified in data centres, manufacturing and artificial intelligence, alongside an objective of developing more balanced trade relations between India and Japan.
August 24, 2026
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Foreign exchange market conditions supported rupee appreciation, but crude prices, importer demand and geopolitical sanctions concerns limited gains.
Foreign exchange market conditions supported a modest early appreciation of the rupee against the US dollar due to relative dollar softness. The gain was limited by elevated crude oil prices, importer demand for dollars, and caution over anticipated sanctions affecting Iranian oil trade, banking networks and shipping routes. Currency markets remained sensitive to geopolitical uncertainty and possible wider trade effects.
August 23, 2026
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Undeclared gold importation led to customs interception, seizure, arrest and continuing investigation after concealment inside passenger clothing.
Customs enforcement against undeclared gold importation involved interception of a passenger arriving from Sharjah at Ahmedabad airport following passenger profiling. A gold chain concealed inside clothing was recovered after it was not declared for customs purposes. The chain was seized and the passenger was arrested under the Customs Act, 1962, before being released on bail, with further investigation continuing.
August 23, 2026
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Digital arrest cyber fraud used impersonation, forged notices and coercive video calls to obtain transfers through mule accounts.
Digital arrest cyber fraud allegedly used impersonation of law-enforcement and central banking officials, fabricated notices, threats of arrest and continuous video communications to coerce a retired railway employee into disclosing financial details and transferring funds for purported verification. The alleged proceeds were routed through mule and shell accounts. Banking records, KYC details, digital evidence and transaction trails allegedly connected a recipient account with suspicious transactions and multiple cyber-fraud cases; part of the cheated amount was recovered or refunded.
August 23, 2026
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Political targeting allegations challenge money-laundering enforcement actions, searches, questioning, and public disclosures in the CMRL investigation.
CPI(M) alleges that enforcement action under the Prevention of Money Laundering Act in the CMRL matter is politically motivated targeting of Pinarayi Vijayan, family members and party associates. It contends that searches, questioning and public communications during the investigation were used to create suspicion without incriminating evidence, and characterises references to hawala as a new investigative narrative. The party also alleges selective anti-money-laundering enforcement against opposition leaders and states that the company will address the CMRL-related matter.
August 23, 2026
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Money-laundering investigation into alleged liquor transport irregularities results in arrests connected with claimed loss to the government exchequer.
Money-laundering proceedings concerning alleged financial irregularities in liquor transport led to the arrest of former Andhra Pradesh minister Karumuri Nageswara Rao under the Prevention of Money Laundering Act. The inquiry concerns alleged wrongful loss to the government exchequer arising from liquor-transport operations. Investigative measures included raids and the arrest of Rao's son, along with arrests of a former state beverages corporation managing director and the person described as the principal accused.
August 23, 2026
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Alleged LLP record forgery raises cheating, breach of trust and conspiracy concerns over unauthorised partnership interest changes.
Alleged forgery, cheating, criminal breach of trust and conspiracy concern purported unauthorised changes to LLP statutory records filed with the Registrar of Companies. The allegations include use of false documents to remove a nominated partner, substitute another person as partner and transfer a partner's interest in the LLP. The matter also draws attention to separate land-collaboration allegations and delayed possession claims by homebuyers in a halted housing project.
August 23, 2026
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Voluntary production curtailment addresses polyester yarn cost volatility as weaving units seek customs-duty relief on inputs.
Voluntary production curtailment by weaving units is being adopted in response to increased polyester yarn and related input costs. Units may reduce shifts or observe periodic holidays according to individual commercial feasibility to limit yarn consumption until prices and fabric-market conditions stabilise. Industry representatives allege that yarn-price increases exceed corresponding input-cost movements and seek examination of possible artificial pricing, along with customs-duty relief on yarn and relevant inputs.
August 22, 2026
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Retaliatory tariffs escalate trade restrictions as historic tariff authority enables duties without prior investigation or a prescribed duration.
Retaliatory tariffs are set to escalate bilateral trade restrictions after the United States imposed tariffs of up to 50 per cent on specified Canadian imports. Canada proposes dollar-for-dollar countermeasures covering sectors including steel, dairy, appliances, agricultural equipment, pulp and paper and electronics. Section 338 of the Tariff Act of 1930 is invoked as the legal basis for the United States measures, permitting presidential import duties up to 50 per cent without a prior investigation or prescribed maximum duration. Escalation creates uncertainty for supply chains and renewal of the United States-Mexico-Canada Agreement.
August 22, 2026
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Reciprocal tariffs reshape Canada-United States trade relations, increasing supply-chain risks and accelerating Canadian trade diversification beyond its primary export market.
Canada-United States trade relations are described as entering a confrontational phase after tariff negotiations collapsed. The United States imposed tariffs on specified Canadian goods, while Canada committed to reciprocal import taxes and suspended negotiations. The dispute marks a retreat from preferential market access and continental integration. Canada's export dependence on the United States may limit retaliation and increase risks to output, employment, investment and integrated supply chains. Trade diversification, non-United States investment and expanded Pacific export infrastructure are identified as responses to a potentially enduring protectionist bilateral relationship.
August 22, 2026
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Retaliatory tariffs on United States goods will target key sectors after trade negotiations failed and reciprocal tariff relief was unavailable.
Retaliatory tariffs on United States goods will take effect from 8 September in response to United States tariffs on Canadian products and unsuccessful negotiations. The dollar-for-dollar measures will cover steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with product-specific details to follow. Canada had been willing to remove certain retaliatory tariffs if corresponding United States tariffs were substantially reduced, but considered the final demands unacceptable.

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Giridhar Pai Associates Celebrates Six Years of Innovative Pest Management Solutions

December 15, 2025

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Thane, Maharashtra – December 15, 2025 – Giridhar Pai Associates LLP (GPA), a prominent Asian distributor of non-toxic pest management products, proudly marks its sixth anniversary on January 10, 2026. Founded by industry veteran Giridhar Pai, GPA has established a strong foothold in the Asian pest management industry, focusing on sustainable solutions inspired by organic farming principles. A Visionary Journey After 25 years in corporate roles, including a pivotal tenure as a food safety manager and as the business head of India’s largest pest control company, Pest Control India Pvt. Ltd. (PCI), Giridhar Pai embarked on a mission to revolutionise structural pest management (performed inside buildings). Motivated by Masanobu Fukuoka’s renowned book, The One Straw Revolution, he sought to offer pesticide-free alternatives, leveraging his 25 years of experience and contacts in the food and pest control industries. His hands-on experience establishing Pestinct Pro Solutions Pvt. Ltd. in 2007 and growing it into India’s second-largest pest control company over about a decade stood him in good stead in nurturing and growing his own start-up between 2020 and 2026. In partnership with his wife, Padmakshi Pai, Giridhar launched GPA on January 10, 2020, to offer innovative pest management solutions free of chemical pesticides. Starting with a single global partnership, the firm has expanded its product portfolio to include products of seven international partners, serving markets across India and the rest of Asia. GPA operates as a self-funded micro-enterprise using a working capital loan from HDFC Bank and has made significant strides in the domestic market, pan-India, and export markets, with overseas customers in the Middle East, the Maldives, Sri Lanka, the Philippines, and Indonesia. Key Partnerships Fuelling Growth GPA’s first collaboration began in 2020 with Singapore’s Pestroniks Innovations Pte. Ltd. (Pestroniks Innovations), introducing their patented bio-visual enhancer (bio-VE+) technology through the FLYght trap range and the Aedes-X Smart Gravitrap. While FLYght Traps provide effective indoor fly monitoring, aesthetically and unobtrusively, Aedes-X is an outdoor trap that requires only a water top-up to control Aedes aegypti mosquitoes that cause chikungunya and dengue. GPA launched the FLYght One in 2020, the FLYght Duo in 2021, and the FLYght Deco in 2025, and established them as the only India-made UV LED Insect Light Traps, proudly made in India by its partner, Pestroniks Innovations. GPA is Pestroniks Innovations’ leading distributor and has contributed immensely to the design, development and marketing of its FLYght Trap range. FLYght traps are a highly sustainable fly monitoring solution that uses very low energy and feature UV LEDs that last 50,000 years (or more than 6 years). FLYght Traps are a radical replacement to conventional UV fluorescent tube insect light traps (that consume nearly five times the energy of FLYght Traps), require annual fluorescent tube replacement and generate hazardous waste containing mercury. FLYght Traps are glass-free and a perfect substitute for glass fluorescent UV tube containing insect light traps in the food industry, which mandates restrictions in the use of glass in food handling areas. The company’s growth trajectory continued in 2022 with a partnership with Denmark’s RodeXit N.A. ApS, offering India’s first custom-made rodent-proofing solution, the RodeXit All-In-One rodent seal (RodeXit). GPA made India the second country in the world to introduce RodeXit, after the United States of America. RodeXit remains India’s only custom-made rodent-proofing product to eliminate gaps below doors and shutters that mice and rats commonly use to enter buildings. RodeXit has become a revenue generator for Pest Control Operators (PCOs), who now offer rodent-proofing services to their customers. GPA has sold thousands of metres of RodeXit in India and other countries to widely enhance product adoption, far from its country of origin, Denmark. In 2023, GPA expanded its offerings by teaming up with Trece, Inc. (Trece), from the USA, and Fuji Flavours Company Ltd. (Fuji Flavours), from Japan, making their leading stored-product insect (SPI) monitoring tools available to Indian food companies. Pheromone traps are SPI monitoring tools that attract insects through odour and trap them in a sticky glue or oil-like substance. Trece’s Storgard Dome Traps and moth traps are globally the best and are now available with expert guidance on their use through GPA’s expertise. Fuji Flavours New Serrico Trap is a tool used to monitor cigarette beetles in the tobacco, food, and other industries. It has a four-decade legacy as the gold standard of cigarette beetle monitoring. SPI Pheromone traps detect and estimate target insect populations and help improve chemical pesticide application planning by highlighting hygiene deficiencies and areas of pest presence. They lead to lesser pesticide use and contribute to sustainable food industry supply chains. In export containers, pheromone traps are an accepted proof of absence of infestation when the customer receiving the containers finds no insects in the pheromone traps placed in the containers. Looking to the future, GPA collaborated with GIE Media Inc. (GIE Media), a U.S.-based company, in 2024 to distribute reputed pest management reference books across Asia. GIE Media owns the Pest Control Technology (PCT) Magazine and GPA markets GIE Media’s PCT Field Guides as reference books for the pest control industry. In 2025, GPA also launched the eleventh edition of GIE Media’s Mallis Handbook for Pest Control, considered the most important reference book in the pest control industry. More recently, in October 2025, GPA joined forces with Spain’s Barlesa, S.L., to introduce rodent-fill fabric containing steel and poly fibres, used as a rodent deterrent in building gaps. Complementing RodeXit, the rodent-fill fabric (branded Rodent Proof by GPA) provides another revenue-generating opportunity for PCOs to offer rodent-proofing services to building owners. GPA is the only marketer of two custom-made rodent-proofing products, RodeXit All-In-One rodent seal and Rodent Proof fill fabric in India. Another recent partnership with Purdue University (Purdue) in the United States reinforces GPA’s commitment to the continuing education of Asian pest management professionals (PMPs) by distributing the acclaimed Truman’s Scientific Guide to Pest Control Operations. The Truman’s Guide is a textbook for Purdue’s Integrated Pest Management (IPM) courses, the only one of its kind in the world that lets PMPs gain professional credentials remotely through online education. Through its partnership with Purdue, GPA has made the IPM course textbook easily accessible and affordable to Asian PMPs. Adaptable Business Model GPA has successfully implemented a hybrid distribution model that blends direct sales with reseller networks, enabling significant reach in India and across Asia. GPA’s resellers are pest control companies (also called Pest Control Operators or PCOs) that provide pest control services to food and other industries and need GPA’s pest prevention and pest monitoring tools. GPA’s products help its PCO resellers cross-sell to their pest control service customers, generate additional revenue, and reduce operational costs by enabling more effective pest management. GPA emphasises a lean operational approach, outsourcing logistics and operational functions to enhance efficiency while minimising overhead costs. With reliable partners such as DTDC and Indiafilings, GPA ensures timely deliveries through DTDC and compliance with Indian regulations through Indiafilings. GPA’s digital marketing strategy, including a robust website and engaging social media presence aided by Webchirpy (Vheeds Technology Solutions Pvt. Ltd.), has positioned GPA as a thought leader in the pest management domain. A Bright Future Ahead As GPA celebrates six remarkable years, Giridhar Pai envisions an even wider adoption of non-toxic pest monitoring and prevention solutions within the pest control and food industries. The company is set to explore innovative bird-deterrence solutions to address a significant industry challenge. Like its other innovative products, GPA shall launch innovative auditory, visual, and electromagnetic deterrents against pest birds, a major menace across India, for numerous customer segments. Through strategic partnerships and a commitment to sustainability, Giridhar Pai Associates is poised to become the leading distributor of pest management solutions in Asia, reinforcing its non-toxic approach. www.giridharpaiassociates.com https://www.youtube.com/@GiridharPaiAssociatesLLP https://www.linkedin.com/company/giridhar-pai-associates-llp/ [email protected] (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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