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    AssetPlus Launches Portfolio Management Services to Help MFD Partners Grow and Retain High-Net-Worth Clients
    APEDA Facilitates Flag-Off of 18 MT of NPOP-Certified Ethnic Rice from Tripura for Export to Austria and the Netherlands
    VR LIVIN’s ‘THE FIRST’ Records Sale of 20 Villas Within Two Days of Launch
    IAAPI Calls for GST Rationalisation to Support Growth and Consumer Demand in India’s Amusement Industry
    ED raids multiple locations in Keralam in hybrid ganja smuggling money laundering case
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    GIFT IFSC emerges as a strong and vibrant international banking hub, mobilises over $52.8 billion under RBI’s FCNR(B) Swap Facility, $11.62 bn in EC...
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    India draws record USD 127 bn forex deposit in special drive
    Banks mobilise USD 127.23 billion in deposits from Indian diaspora: RBI
    CBI Arrests CGST Additional Commissioner and Two others in Rs. 40 Lakh Bribery Case in Raigad, Maharashtra
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September 3, 2026
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Portfolio management services distribution enables certified mutual fund distributors to digitally onboard and report for eligible high-net-worth clients through AssetPlus.
AssetPlus has launched Portfolio Management Services for certified Mutual Fund Distributor partners to digitally onboard, track, manage and report PMS investments for eligible high-net-worth clients. PMS distribution requires NISM Series-XXI-A certification and operates within the APRN distributor-registration framework. PMS comprises individually managed portfolios run by SEBI-registered Portfolio Managers and held in clients' demat accounts. The minimum investment is Rs. 50 lakh, and offerings are governed by the SEBI (Portfolio Managers) Regulations, 2020. The platform provides daily reconciliation of holdings, performance and valuations.
September 3, 2026
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NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.
September 3, 2026
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Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
VR LIVIN Ventures LLP launched 'THE FIRST', an 83-villa gated residential community in Madhavaram, North Chennai, which recorded sales of 20 villas during its first two launch days. The development includes smart-home villas and more than 50 lifestyle amenities, with access to nearby metro connectivity and social infrastructure. It forms part of the company's intended expansion of residential projects in Chennai and other South Indian locations.
September 3, 2026
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GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
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Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
September 3, 2026
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Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.
September 3, 2026
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Money laundering investigation examines alleged diversion of bank loans from a power project to group entities and personal use.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
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Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
September 3, 2026
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Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
September 3, 2026
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Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
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Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
September 3, 2026
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Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
GIFT-IFSC's IBUs mobilised foreign-currency liquidity under the RBI's FCNR(B) deposit swap facility, with 20 IBUs sanctioning USD 54.02 billion and disbursing approximately USD 52.82 billion as at 31 August 2026. Between April and August 2026, IBUs disbursed USD 11.62 billion in External Commercial Borrowings, while Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges. These activities support cross-border financing, international capital-market access and foreign-exchange inflows.
September 3, 2026
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Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
Operational leadership for bilateral economic engagement is strengthened through the appointment of Shuchita Sonalika as the first Chief Operating Officer of the Canada-India Business Council. The appointment is directed toward enhancing the council's capacity to support expanding investment and economic relations between Canada and India, in coordination with its board, members and partners. Sonalika brings international affairs experience in advancing India's economic partnerships across global markets.
September 3, 2026
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Regulatory certainty and compliance reforms support investment facilitation, infrastructure development, MSME credit access, and reduction of bank non-performing assets.
Regulatory certainty, ease of compliance and investment facilitation are identified as central elements of India's economic reform orientation. The Insolvency and Bankruptcy Code is included among reforms supporting regulatory certainty, reduced paperwork and easier compliance. Policy priorities include infrastructure development, artificial intelligence and data centres, credit access for MSMEs, reduction of banks' non-performing assets, fiscal discipline, and investment facilitation by central and state governments.
September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
Japan Credit Rating Agency upgraded India's foreign-currency and local-currency long-term issuer ratings to A-, citing solid economic growth, strengthened growth-oriented policies and improved financial-system soundness. Improved banking asset quality, insolvency mechanisms, government capital infusion and stronger central-bank supervision support financial resilience. Fiscal quality has improved through greater infrastructure-focused capital expenditure and restraint in current spending, while a contained current-account deficit, services surplus and substantial foreign-exchange reserves support resilience to external shocks.
September 2, 2026
Show AI Summary
Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
Foreign capital inflows and modest foreign institutional equity purchases supported rupee appreciation against the US dollar despite weak domestic equities, elevated crude oil prices and a stronger dollar. RBI monitoring and apparent currency-market intervention supported the rupee amid risk aversion, higher US Treasury yields and concerns over crude supply disruptions. Forthcoming US employment data remained relevant to dollar and rupee direction.
September 2, 2026
Show AI Summary
Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
September 2, 2026
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Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
September 2, 2026
Show AI Summary
GST bribery allegations led to a trap operation against officials and an intermediary in a quarrying matter.
Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
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State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
Haryana's SGST collections increased by 29 per cent during April-August of financial year 2026-27, exceeding the national growth rate of 16 per cent. August 2026 post-settlement SGST revenue rose by 21 per cent, compared with national average growth of 13 per cent. Haryana accounted for less than 4 per cent of national GST taxpayers but contributed approximately 7.7 per cent of aggregate national SGST, CGST and IGST collections. VAT/CST collections rose by 13.8 per cent during the same period.

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PMLA / Black Money

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December 17, 2025

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New Delhi, Dec 18 (PTI) Following are the top stories at 9.30 PM NATION DEL57 MEA-BANGLADESH-ENVOY-LD SUMMON (5.52 PM)

India summons Bangladesh envoy; demands adequate security to its mission in Dhaka New Delhi: India on Wednesday summoned Bangladesh envoy Riaz Hamidullah and lodged its protest over plans by certain extremist elements to create a security situation around the Indian mission in Dhaka.

DEL66 LD CONG-NATIONAL HERALD PROTESTS (7.05 PM)

Cong protests outside BJP offices after National Herald order; says PM, Shah should apologise or resign New Delhi: 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.

PAR28 LS-2NDLD NUCLEAR (8.32 PM)

LS nod to bill to open up nuclear sector for private players New Delhi: The tough provisions of India's nuclear liability laws led to "silent phobia" among industry, prompting the government to bring a new comprehensive bill to address their concerns and open up the atomic energy sector for private participation, Union Minister Jitendra Singh said on Wednesday.

DEL85 RAHUL-LD BMW (9.08 PM)

Manufacturing declining in India, says Rahul after BMW plant tour; BJP dubs remarks anti-India New Delhi: Congress leader Rahul Gandhi on Thursday said manufacturing is declining in India and the country needs to build meaningful manufacturing ecosystems for accelerating growth, remarks that evoked a strong response from the ruling BJP that termed his comments "anti-India".

DEL80 DELHI-LD POLLUTION (RPT) (9.01 PM)

Delhi readies for 'No PUCC, No fuel', ban on non-city vehicles below BS VI from Dec 18 New Delhi: The Delhi government's stringent "no PUCC, no fuel" rule and a ban on the entry of all private non-Delhi vehicles below BS VI standards will come into effect from Thursday, with 126 checkpoints identified and over 537 police personnel deployed at fuel pumps across the national capital.

PAR20 RS-LD-INSURANCE-BILL-OPPOSITION (8.48 PM)

Opposition MPs demand 100 pc FDI insurance bill be sent to Par panel for more scrutiny New Delhi: Several non-NDA members in the Rajya Sabha on Wednesday opposed the bill to raise FDI in the insurance sector to 100 per cent and demanded that the proposed legislation be sent to a Parliamentary panel for further scrutiny.

BOM39 GA-COURT-2ND LD LUTHRAS (6.59 PM)

Nightclub fire: Goa court remands Luthra brothers in police custody for five days Panaji: A court in North Goa on Wednesday remanded Gaurav and Saurabh Luthra, co-owners of the ‘Birch by Romeo Lane’ nightclub, in police custody for five days.

DEL79 LEFT-GRAMG-PROTEST (8.21 PM)

Left parties demand withdrawal of VB-G RAM G Bill, announce protest New Delhi: Left parties on Wednesday demanded the government to withdraw the rural employment Bill that seeks to replace the existing law MGNREGA, and gave a call for a joint protest against it on December 22.

DEL76 PAR-PANEL-INDIGO (8.15 PM)

IndiGo COO, aviation officials appear before Par panel; replies 'evasive, unconvincing' New Delhi: A parliamentary panel examining the recent air traffic disruptions tried to fix responsibility for Indigo's mass cancellation of flights as senior aviation officials and IndiGo COO Isidro Porqueras appeared before it on Wednesday, but found the replies of the airline and DGCA "evasive and unconvincing", according to sources.

PAR16 RS-LD TOLLS (6.07 PM)

Satellite-based toll collection to be implemented across country by 2026-end: Gadkari New Delhi: The satellite-based toll collection system will be operational across the country by 2026-end, which will eliminate the waiting time at toll plazas for commuters and bring more revenue for the government, Union Minister Nitin Gadkari informed the Rajya Sabha on Wednesday.

DEL62 UP-MATHURA-MISHAP-IDENTIFICATION (6.36 PM)

Yamuna Expressway crash: Death toll may rise as identification of burnt bodies begin, say officials Mathura (UP): The death toll in the multi-vehicle pile-up that has killed 13 people on the Yamuna Expressway in Mathura may rise further as several severely burnt human remains are yet to be identified, officials said on Wednesday.

CAL35 WB-MESSI-FIASCO-LD ABHISHEK (8.12 PM)

Action to be taken against guilty; WB govt acted promptly after Messi event chaos: Abhishek Kolkata: Senior TMC leader Abhishek Banerjee on Wednesday said the West Bengal government acted promptly after chaos marred a football event featuring Argentine star Lionel Messi, asserting that accountability has already been fixed at multiple levels and further action will follow against all those found guilty.

DEL69 CULTURE-NEHRU-PAPERS (7.16 PM)

Nehru papers: Govt slams Sonia Gandhi, says such records belong in public archives, not behind closed doors New Delhi: The government on Wednesday slammed Congress leader Sonia Gandhi for keeping "51 cartons of Jawaharlal Nehru papers" and sought their return to Prime Ministers' Museum and Library (PMML) so that scholars and Parliament can access the crucial historical records of 'Nehruvian' times, asserting that these documents "belong in public archives, not behind closed doors".

DEL70 DEF-INDIA-UAE-EXERCISE (7.24 PM)

India, UAE troops to take part in joint military exercise in Abu Dhabi from Dec 18-30 New Delhi: Militaries of India and the UAE are scheduled to take part in a joint exercise from December 18-30 that seeks to enhance interoperability and foster defence cooperation between the two sides, officials said on Wednesday.

BOM44 CG-LIQUOR SCAM-LD ARREST (9.18 PM)

Chhattisgarh liquor scam: Ex-CMO deputy secretary Chaurasia arrested; in 2-day ED custody (Eds: Adds details) Raipur, Dec 17 (PTI) The Enforcement Directorate (ED) has arrested Soumya Chaurasia, a suspended state administrative service officer who was deputy secretary in the CMO during the previous Congress government, in connection with an alleged liquor scam in Chhattisgarh.

MDS23 TL-GRAM PANCHAYAT-2NDLD ELECTIONS (8.01 PM)

Telangana: Over 85 pc turnout in final phase of gram panchayat polls Hyderabad: More than 85 per cent of eligible voters exercised their franchise in the final phase of gram panchayat elections in Telangana on Wednesday, the SEC said.

BUSINESS DEL71 BIZ-2NDLD-INDIA-OMAN TRADE (7.31 PM)

India, Oman to sign free trade pact on Thursday to boost economic ties New Delhi: India and Oman will sign a free trade agreement on Thursday in Muscat, opening greater opportunities for sectors such as textiles, food processing, automobiles, auto components, and gems and jewellery.

LEGAL LGD34 SC-LD AIR POLLUTION (7.38 PM)

Air pollution: SC asks NHAI, MCD to consider shifting or closing 9 toll plazas at Delhi borders New Delhi: Taking a serious note of the severe air pollution levels in Delhi-NCR, the Supreme Court on Wednesday issued a slew of directions and asked the NHAI and the MCD to consider either temporary closing or relocating the nine toll plazas of the civic body at borders of the national capital to ease usual massive traffic congestion.

LGD29 SC-AIR POLLUTION-VEHICLES (06.55 PM)

The Supreme Court permitted the Delhi government authorities to take coercive action against old vehicles that do not meet Bharat Stage-IV (BS-IV) emission standards.

LGD7 SC-CJI-SHOE HURL (12.42 PM)

The Supreme Court asked the Centre and the Supreme Court Bar Association to suggest measures to prevent recurrence of incidents like the shoe hurling attempt targeting former CJI B R Gavai in the courtroom.

LGD6 SC-RG KAR-LD TRANSFER (12.20 PM)

The Supreme Court transferred the R G Kar Medical College trainee doctor rape and murder case to the Calcutta High Court to monitor the implementation of its orders.

LGD24 DL-HC-LD INDIGO PIL (04:15 PM)

Delhi HC refused to entertain a PIL seeking direction to the Centre and IndiGo airline to pay a compensation of four times the full ticket price to all passengers whose tickets were cancelled in November and December after the roll out of the new Flight Duty Time Limitation (FDTL).

FOREIGN FGN54 PM-LD OMAN (8.17 PM)

PM Modi arrives in Oman on final leg of three-nation visit Muscat: Prime Minister Narendra Modi on Wednesday arrived in Oman on a two-day visit during which he will hold talks with the Gulf country's top leadership and is expected to sign an ambitious trade deal.

FGN51 PM-ETHIOPIA-LD OUTCOMES (7.26 PM)

Significant steps in 'people-centric' India-Ethiopia partnership: PM Modi highlights outcomes of visit Addis Ababa: Prime Minister Narendra Modi on Wednesday underscored the outcomes of his Ethiopia visit, calling the signing of multiple agreements a “significant” step in strengthening a bilateral partnership focused on "growth and people-centric development".

FGN52 BANGLA-INDIA-LD PROTEST (7.48 PM)

Protesters march towards Indian mission in B'desh capital, police block their march Dhaka: A large group of protesters, marching towards the Indian High Commission in Dhaka, was stopped by police on Wednesday, even as India expressed strong concern about the security situation around its mission in the Bangladeshi capital.

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