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    WPI inflation eases to 9.78 pc in July on softening in fuel prices
    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
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August 14, 2026
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Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
August 14, 2026
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International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
August 14, 2026
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Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
August 13, 2026
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International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
August 13, 2026
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Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
August 13, 2026
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Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
August 13, 2026
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GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
August 13, 2026
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Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
August 13, 2026
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Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
August 13, 2026
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Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
August 13, 2026
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Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
August 13, 2026
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Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
August 13, 2026
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Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
August 13, 2026
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Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
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August 13, 2026
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August 13, 2026
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August 13, 2026
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Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.
August 13, 2026
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Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
August 13, 2026
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Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
August 13, 2026
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CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
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Cong protests outside BJP offices after National Herald order; says PM, Shah should apologise or resign

December 17, 2025

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New Delhi, Dec 17 (PTI) The Congress on Wednesday held protests across the country against what it alleged was the Modi government's "misuse" of probe agencies for vendetta politics and vowed to keep up the fight in Parliament and outside, a day after a Delhi court refused to take cognisance of the Enforcement Directorate's money laundering charge against Sonia Gandhi and Rahul Gandhi in the National Herald case.

Senior functionaries of the party, who led the demonstrations outside the BJP offices in state capitals and other places, demanded that Prime Minister Narendra Modi and Union Home Minister Amit Shah should tender a public apology or resign.

Holding a large banner that read 'Satyamev Jayate, Truth Prevails', party MPs lined up in front of the Parliament's Makar Dwar steps. Congress general secretary in-charge organisation K C Venugopal, AICC general secretary Mukul Wasnik, MPs Shashi Tharoor, Tariq Anwar, Kumari Selja, K Suresh, Manickam Tagore, among others, participated in the protest.

"I want to say that after this judgement, Modi and Shah should resign because the court decision is like a slap on their face," Congress president Mallikarjun Kharge said at a press conference in Delhi.

He said the Congress has been fighting the issue politically by taking out marches since its top leadership was summoned by agencies.

"We have been fighting on the streets, in Parliament, outside it, and will continue to do it and teach them a lesson," he said, while welcoming the court order and thanking party workers.

He alleged that over the past 11 years, there have been more than 50 such key opposition leaders whom the Modi government has made "full efforts to intimidate and blackmail by misusing" the ED, CBI and Income Tax Department.

Venugopal asserted that the Congress will expose the "vendetta politics" of the Modi government. "The entire Congress cadre is agitated and will show its strength all over India against the misuse of agencies." The Delhi Pradesh Congress Committee (DPCC) held a protest in front of its office in Rajiv Bhawan in the national capital, where party workers gathered in large numbers.

In Belagavi, Karnataka Chief Minister Siddaramaiah and his deputy D K Shivakumar led the protest in front of the Gandhi statue at Suvarna Vidhana Soudha on the National Herald issue and against the Centre's move to replace the existing rural employment law MGNREGA.

"Justice has prevailed. It is a lesson to the BJP. It should stop this vindictive attitude," Shivakumar, also the state Congress chief, said.

In Chhattisgarh, Congress MLAs created an uproar in the state assembly, demanding a discussion on the issue of "misuse of agencies to suppress the Opposition" by moving an adjournment motion.

After the Chair rejected the demand, Congress legislators trooped into the well of the House, leading to the suspension of 34 MLAs of the Opposition party. The Speaker, however, revoked their suspension after a few minutes.

In Patna, a large number of Congress workers, led by the party’s Bihar unit president Rajesh Ram, raised slogans against the central government, Prime Minister Modi and other BJP leaders.

Holding party flags, Congress workers led by state chief Keshav Mahto Kamlesh protested outside the Jharkhand BJP headquarters in Ranchi.

Kamlesh said top BJP leaders have been attacking Sonia and Rahul Gandhi in the National Herald case. "Now the Narendra Modi government at the Centre should tender a public apology before the nation for misusing its powers through the ED to defame the Gandhi family," he said.

In Jaipur, police put up barricades to stop protesting Rajasthan Congress leaders and workers from marching to the BJP state headquarters.

Senior leaders and workers of the Jammu and Kashmir Unit were also stopped by the police as they tried to protest outside the BJP office in Jammu.

Several Odisha Congress leaders and workers were detained after they scuffled with security personnel during a protest march to the state BJP headquarters in the state capital over the National Herald issue, officials said.

Odisha Congress chief Bhakta Charan Das also demanded a public apology from PM Modi and Shah.

“The BJP and its top leaders, including the PM and Shah, have been attacking Sonia Gandhi and Rahul Gandhi in the National Herald case, demoralising lakhs of Congress workers across India,” Das told reporters.

He said the Congress workers will also stage a dharna in every district of Odisha on Thursday, as part of the protest.

Police personnel detained Congress workers during a protest outside the Enforcement Directorate office in Mumbai.

However, the BJP on Wednesday accused the Congress of running misleading propaganda over the trial court's decision in the National Herald case and said the court refused to take cognisance of the complaint but did not set aside the case.

The case is still pending trial in the Delhi High Court, and the trial court in its order on Tuesday said that the Enforcement Directorate (ED) can continue its investigation, BJP national spokesperson Gaurav Bhatia asserted.

Delivering his order in a case that was marked by a political slugfest and legal battles for several years, Special Judge Vishal Gogne said the cognisance of the ED's prosecution complaint relating to the offence of money laundering was "impermissible in law." ED officials said the probe agency may file an appeal against the court's order after taking opinions from law officers.

The ED has accused Congress leaders Sonia and Rahul Gandhi, as well as late party leaders Motilal Vora and Oscar Fernandes, along with Suman Dubey, Sam Pitroda and a private company, Young Indian, of conspiracy and money laundering. PTI SKC ASK PKD PK SDA SGV SAN TKP BBM RT

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