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    DFS Concludes Two-Day Workshop on Enhancing Accessibility of Financial Services for Divyangjans
    National Financial Reporting Authority (NFRA) conducts sixth outreach programmes with focus on small and medium auditors under the theme “Creating a...
    CCI imposes monetary and non-monetary sanctions on Agro Input Dealers Association, Agro Input Welfare Association for indulging in anti-competitive co...
    India-Finland cooperation takes centre stage at circular economy forum
    CCI imposes penalty on Rekha Agencies and SS Marketing for indulging in anti-competitive conduct in respect of Himachal Pradesh Tender 2013 for the pr...
    US is set to impose 50% tariffs on $20 billion worth of Canadian products
    Rupee settles 3 paise higher at 95.71 against US dollar
    29 FDI Investments Worth ₹4,895.65 Crore Reported Under Revised Framework
    India and ADB sign $230 million loan to modernise water supply and sanitation in Chennai
    DGGI unearths clandestine pan masala and tobacco manufacturing network in Uttar Pradesh; 27 undeclared pouch-packing machines seized, evasion of about...
    Mission SAKSHAM: Scaling Capability through Co-operation - Keynote Address by Shri Swaminathan J, Deputy Governor at Mission SAKSHAM Programme for Dir...
    India’s Foreign Exchange Markets: Getting ready for the next Decade [Keynote Address delivered by Deputy Governor Shri Rohit Jain on the Annual Day ...
    Govt rejects ethanol link to sugar price surge, says duty free imports allowed to curb prices
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    India's forex kitty swells USD 9.9 bn to USD 716.9 bn
    Bengaluru airport: AERA slashes user development fee to Rs 300 for domestic passengers
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    ED can't add old FIR to Enforcement Case Information Report to sustain PMLA proceedings: Delhi HC
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    VinFast India Partners with Federal Bank to Strengthen Dealer Financing Ecosystem
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August 22, 2026
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Financial accessibility for Divyangjans requires compliance standards, practical implementation measures and stronger institutional capacity across financial services.
Accessibility of financial services for Divyangjans was examined through a workshop focused on public sector banks, insurance companies, regulators and public financial institutions. Discussions covered accessibility standards, compliance requirements, legal provisions, practical implementation challenges and institutional best practices under the Sugamya Bharat initiative. Participants considered operational measures to strengthen institutional capacity, inclusivity and equitable access to financial services.
August 22, 2026
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Audit quality enhancement for small and medium auditors emphasises technology, global standards, inspection insights and stronger financial reporting.
Audit quality and financial reporting reliability were the focus of NFRA's outreach programme for small and medium audit firms. The programme promoted professional capacity-building, alignment with contemporary global standards, adoption of appropriate audit technology, and the public-interest role of the accountancy profession. Technical sessions covered audit strategy documentation, risks of material misstatement, and practical lessons from audit-firm oversight to support improved day-to-day audit practice and high-quality financial reporting.
August 22, 2026
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Cartelisation by agro-input dealer associations attracted monetary sanctions, cease-and-desist directions, and mandatory competition-compliance training for responsible officials.
Cartelisation by the two agro-input dealer associations and named individuals contravened Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002. Monetary sanctions were imposed, and association office-bearers were held liable under Section 48. The parties and liable officials were directed to cease and desist from future anti-competitive conduct and to organise competition-compliance training to promote awareness and compliance within the associations.
August 22, 2026
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Circular economy partnerships promote resilient value chains, resource efficiency and sustainable growth alongside evolving India-EU trade integration.
India-Finland circular economy cooperation is being developed through business, technology, investment and commercial partnerships supporting resource-efficient and sustainable growth. Discussions focused on competitive and resilient value chains based on circularity, traceability, resource efficiency and sustainable business practices. Circular economy principles extend beyond waste management into product design, value chains, resource use, skills development and new business models. The India-EU free trade agreement remains subject to legal review and formal ratification and is not yet in force.
August 22, 2026
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Bid rigging through pre-bid exchange of sensitive price information attracted penalties and cease-and-desist directions in tyre procurement.
Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.
August 22, 2026
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Import tariffs on Canadian products trigger potential retaliatory levies after bilateral negotiations fail to reach agreement.
Import tariffs on Canadian products are set to be imposed by the United States at a 50% rate after bilateral negotiations did not produce an agreement. The measures cover products including hockey sticks and tongue depressors and affect a limited share of Canada's annual exports to the United States. Canada has indicated possible retaliatory levies, intensifying the bilateral trade dispute.
August 21, 2026
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Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
August 21, 2026
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Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
August 21, 2026
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Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
August 21, 2026
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Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
August 21, 2026
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Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
August 21, 2026
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Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
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Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
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Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
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Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
August 21, 2026
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Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
August 21, 2026
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
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Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.

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Architects of Progress: Celebrating India's Most Influential Knowledge Leaders

December 24, 2025

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CHANDIGARH, India, Dec. 24, 2025 /PRNewswire/ -- Kiteskraft Productions LLP proudly honors ten exceptional professionals whose vision, dedication, and innovation are shaping India's evolving knowledge ecosystem across diverse fields. Extending far beyond traditional roles, they stand as mentors, thought leaders, and catalysts of transformation—championing creativity, critical thinking, ethical leadership, and social responsibility. Through impactful contributions in their respective professions, leadership initiatives, and community engagement, these distinguished individuals inspire generations to think boldly and act purposefully. Their work leaves a lasting imprint on society, affirming their role as true architects of progress and guiding forces for the nation's future across all professional domains. Dr. Nit!n Gupta: Based in Delhi, Dr. Nit!n Gupta is a leading name in Corporate Numerology and Vastu Consultancy, known for helping businesses and individuals unlock growth through energetic alignment. With years of experience across Corporate Numerology and Corporate Vastu, he has guided clients in four continents, enabling many to achieve 5x to 10x business expansion. His practice is founded on the principle that aligned numbers, names, and spaces can significantly influence clarity, success, and wellbeing. Serving entrepreneurs, startup founders, high-net-worth individuals, and senior corporate leaders, he blends ancient Indian occult sciences with modern business insight. Backed by strong academic credentials and professional certifications, his personalized, ethical approach delivers practical solutions that support sustainable success, balance, and informed decision-making in today's competitive world. Dr. Ananya Dasgupta: Dr. Ananya Dasgupta is a distinguished educator, writer, social reformer, and environmental advocate committed to education, empowerment, and sustainable development. She has actively championed mental health awareness, skill development, and solar energy initiatives, empowering youth, women, and marginalized communities. As a dedicated teacher and principal, she inspired generations of students and earned accolades including the Best Teacher Award and national recognition in music. Her contributions have been honored with the Super Woman 2025 Award, the Swami Vivekananda Global Peace Award, and the SDG Impact Award conferred by UN ECOSOC at the Bangkok UN Headquarters. She has represented India at UN Women, RIO+20, and the World Renewable Energy Congress. Having traveled solo across twelve countries, her exposure shapes her vision globally. Dr. Rajasekaran Samykan: Algaven PhycoGen Private Limited is rapidly emerging as one of India's most dynamic biotechnology and green innovation enterprises, redefining the intersection of science, sustainability, and entrepreneurship. Formerly known as JE JE Enterprises Private Limited, the organisation operates across algae biotechnology, nutraceuticals, controlled-environment agriculture, natural products, and rural skill development. At the core of this growth is visionary leadership under Rajasekaran Samykan, Founder and Chief Executive Officer, whose decade-long commitment to nature-based innovation has helped build a scalable, impact-driven ecosystem. The company's mission integrates women empowerment, rural livelihood creation, and alignment with global Sustainable Development Goals. Through research-led products, waste-to-wealth models, and structured training programs, Algaven PhycoGen is positioning India as a global hub for sustainable biotechnology and green entrepreneurship worldwide. Ms. Parvathy Ananthanarayanan: Parvathy Ananthanarayanan Mangala (born 3 February 1990), widely known by her pen name Ram SwaRajya, is an Indian author, content writer, and cultural storyteller whose work bridges spirituality with contemporary life. Based in Ayodhya (Uttar Pradesh), she is the founder of the Ram SwaRajya Library, a self-funded initiative dedicated to distributing value-based literature free of cost. Her writing is noted for emotional depth, clarity, and strong grounding in Indian cultural traditions. Drawing inspiration from her roots in Maharashtra and Kerala, she creates reflective narratives that promote mindful living, compassion, and ethical purpose. Through books and digital platforms, she continues to inspire readers to reconnect with heritage while navigating modern realities with awareness and balance across generations worldwide today consistently. Dr. Brajadulal Chakrabarti: Dr. Brajadulal Chakrabarti is a distinguished scholar, visionary, and humanitarian whose life reflects perseverance, intellect, and service. Born into a modest yet deeply scholarly family, he was inspired by his father, Pandit S. M. Chakrabarti, a National Award–winning teacher honoured by President Dr. S. Radhakrishnan. Guided by these values, he pursued an exceptional academic journey, earning degrees in Sociology, Science, Management, and a Ph.D. in Management, alongside several technical diplomas. With decades of experience as an educator, industrial trainer, and General Manager in the Directorate of Industries, Government of Tripura, he also contributed to private-sector advancement with the SPACETECH Group. A prolific author, his acclaimed works reflect deep intellectual and spiritual insight. He continues to remain active in yoga, research, writing, and human development initiatives. Mr. Manu Siddhartha: Manu Siddhartha: Bridging Artificial Intelligence and Ancient Wisdom Manu Siddhartha, a Senior AI professional and acclaimed spiritual author, has beautifully merged analytical precision with deep devotion through his Unlocked series, including Shiv Puran Unlocked and Shiv Gita Unlocked. Guided by years of Sadhana and the teachings of saints, he decodes ancient Hindu scriptures into simple, practical lessons for modern life. His globally streamed Shiv Puran Podcast—available on Audible, Spotify, and Apple Music—explores Lord Shiva's wisdom as a guide to awareness, balance, and strength. Honored with the Charles Dickens Gold Medal, Golden Book Award 2026, and Sahitya Sparsh Award 2026, he continues to inspire seekers worldwide, bridging AI and spirituality to reveal that both ultimately pursue the same truth: understanding consciousness and inner transformation. Dr. Hemam Sangeeta Devi : Dr. Hemam Sangeeta Devi, born in Moirang, Manipur, began her education at Government Girls' High School and Moirang College. She earned her BSc and MSc in Nursing (Medical-Surgical) from Dr. MGR University, Chennai, later completing her PhD in Nursing from the Indian Management Academy and a Master's in Hospital Administration from Manipal University. Currently, she is serving as a Principal at SEA College of Nursing, Bangalore, a Fellow Member of CEGR, Research Guide under RGUHS, and Life Member of TNAI. She has organized many national and international academic events and published research papers. Certified in NLP, Reiki, Lama Fera, Hypnosis, and Life Coaching, she has empowered over 550 individuals through holistic healing, integrating nursing with alternative therapies to nurture body, mind, and soul. Mr. A. J. S Prakash: Mr. A. J. S. Prakash is a visionary technocrat and education strategist with over three decades of experience spanning software training & development, education management, and entrepreneurship. He is widely recognised for introducing innovative educational technologies and scalable business models that have reshaped preschool and K–12 institutions across India. Through franchise-led and company-owned frameworks, he has helped build academically strong and financially sustainable schools. Many professionals mentored by him have gone on to hold leadership positions in reputed organisations, reflecting the depth of his guidance and influence. Beyond corporate success, he remains deeply committed to social responsibility, consistently supporting underprivileged students and children with special needs. Driven by ethics, empathy, and long-term vision, he continues to play a significant role in advancing the education ecosystem. Dr. Rajesh Luthra: Dr. Rajesh Luthra, born on 5th November 1968 in Durgapur, is a distinguished leader in Supply Chain, Strategic Sourcing, Manufacturing and Operations with over three and half decades of expertise. An alumnus of REC Kurukshetra (B.Tech Hons), MBA, and IIM Bangalore, he further enhanced his knowledge as a VLFM Graduate from CII and JAICA, specializing in VSME, Capacity Planning, Supply Chain and Operations. Currently, he serves as the Business Head at Victura Technologies, driving growth and innovation. Previously, he held pivotal leadership positions with Escorts Kubota and TAFE EICHER , contributing significantly to operational excellence. In recognition of his professional achievements and leadership, he was conferred with an Honorary Doctorate in 2025. His career reflects a blend of technical acumen, strategic vision, and a passion for advancing the manufacturing sector and Adoption of Best Technology at Optimum Cost . Prof. Dr. Madan Chandra Karan: Prof. Dr. Madan Chandra Karan is a renowned educationist and internationally acclaimed writer whose contributions to literature and academia have earned global recognition. With academic credentials including MA, MPhil, PhD, and multiple honorary D.Litt titles, he is widely respected for his scholarly depth and creative excellence. Writing fluently in Bengali, Hindi, and English, he has authored several acclaimed works such as Jannater Samsar, Madan Manjari, The Communalism and Counter Communalism, Adrishya Pira, and The Unseen Agony. His writings reflect strong human values, social consciousness, and cultural harmony, many of which have been translated into other languages. Honored with prestigious national and international awards from India, the UK, USA, Germany, and Bangladesh, he continues to inspire readers, scholars, and students worldwide. About Kiteskraft Productions LLP Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: https://mma.prnewswire.com/media/2851448/Knowledge_Leaders_Kiteskraft.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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