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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
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    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...
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    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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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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December 24, 2025

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New Delhi, Dec 24 (PTI) Following are the top stories at 9 PM: NATION DEL34 UP-UNNAO RAPE-2NDLD SURVIVOR (6.34 PM)

'Kaal' for my family: Unnao rape survivor on suspension of Sengar's jail term; to move SC Unnao/Ballia (UP): The 2017 Unnao rape survivor on Wednesday termed the Delhi High Court's decision to suspend the jail term of the accused, expelled BJP leader Kuldeep Singh Sengar, "kaal" (death) for her family and said she would move the Supreme Court against it.

MDS16 ISRO-LDALL SATELLITE (6.04 PM)

ISRO''s ''Bahubali'' rocket places 6000 kg US communication sat into orbit, the heaviest from country Sriharikota (Andhra Pradesh): In a historic Christmas eve mission, ISRO's "Bahubali" rocket on Wednesday successfully launched a 6,100 kg US communication satellite-- the heaviest by and Indian launcher, into the desired orbit, a feat described by the space agency as the season's gift to the country.

DEL53 RAHUL-2NDLD UNNAO (7.56 PM)

Rahul meets Unnao rape survivor, says 'we're turning into dead society' on her ill-treatment New Delhi: Congress leader Rahul Gandhi met the Unnao rape survivor here on Wednesday after she allegedly faced ill-treatment for raising her voice against the bail granted to convict Kuldeep Singh Sengar, and said India is not just becoming a dead economy, but also a dead society.

DEL56 PM-UP-LD VISIT (8.14 PM)

PM to inaugurate national memorial in Lucknow to honour life, ideals of Vajpayee New Delhi: Prime Minister Narendra Modi will on Thursday inaugurate a landmark national memorial and complex in Lucknow that will host statues of BJP ideologues Syama Prasad Mookerjee, Pandit Deendayal Upadhyaya, and former prime minister Atal Bihari Vajpayee.

DEL61 CAB-LD DELHI METRO (8.32 PM)

Union Cabinet clears 3 new Metro stretches in Delhi, including Central Vista Corridor New Delhi: In a major boost to Delhi's infrastructure, the Union Cabinet on Wednesday approved three new Metro corridors, including a 9.91-km stretch from the RK Ashram Marg to Indraprastha, which will connect all Kartavya Bhavans, India Gate, Bharat Mandapam, the National War Memorial and other important installations in Lutyens' Delhi.

BOM20 MH-2NDLD UDDHAV-RAJ (6.06 PM)

Shiv Sena (UBT), MNS announce alliance ahead of Mumbai civic polls Mumbai: Ending a 20-year political feud, Shiv Sena (UBT) chief Uddhav Thackeray and MNS president Raj Thackeray forged an alliance on Wednesday for the elections to the cash-rich Brihanmumbai Municipal Corporation to be held on January 15.

DEL52 ENV-ARAVALLIS (7.54 PM)

Centre imposes ban on new mining leases in Aravallis; protected zone to be expanded New Delhi, Dec 24 (PTI) The Centre on Wednesday issued directions to states for a complete ban on granting new mining leases in the Aravallis, officials said.

DEL57 ENV-CAQM-GRAP (8.20 PM)

GRAP 4 curbs revoked in Delhi-NCR as air quality improves New Delhi: The Commission for Air Quality Management (CAQM) in Delhi-NCR and adjoining areas on Wednesday revoked curbs imposed under GRAP 4 following improvement in air quality, officials said.

BOM13 MH-UDDHAV-RAJ-FADNAVIS (3.32 PM)

Alliance of Thackerays won't have much impact; tie-up for their own political survival: Fadnavis Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Wednesday downplayed the alliance of the parties led by Uddhav Thackeray and his cousin Raj, saying it will not make any significant difference and that their coming together was an attempt for their own political survival.

CAL31 AS-VIOLENCE-LD ARMY (7.50 PM)

Army conducts flag march in Assam's violence-hit West Karbi Anglong Diphu: The Army conducted a flag march in violence-hit West Karbi Anglong district of Assam to help maintain law and order, Director General of Police Harmeet Singh said on Wednesday.

CAL13 WB-BANGLA-UNREST-LD PROTEST (3.14 PM)

Protests erupt at Bengal land ports over atrocities against Hindus in Bangladesh Kolkata: Members of a pro-Hindu organisation held demonstrations at several land ports along the India-Bangladesh border in West Bengal on Wednesday over the killing of a man belonging to the minority community in the neighbouring country.

CAL18 OD-GIRL-2NDLD-MURDER (5.09 PM)

Girl raped, murdered in Odisha, 1 arrested, mob demolishes accused's house; Oppn calls bandh Bhubaneswar/Bhadrak (Odisha): A 10-year-old girl was allegedly raped and murdered in Odisha's Bhadrak district, triggering a massive outrage with locals demolishing the accused's house, police said on Wednesday.

LEGAL LGD13 DL-HC-2NDLD AIR PURIFIERS (5.29 PM)

Delhi HC directs GST Council to meet at earliest, consider lowering GST on air purifiers New Delhi: The Delhi High Court on Wednesday directed the GST Council to meet at the earliest and consider lowering or abolishing goods and services tax on air purifiers in view of worsening air quality in the national capital.

LGD10 DL-COURT-BLAST (3.17 PM)

Red Fort blast: Delhi court extends judicial custody of 7 accused till January 8 New Delhi: A Delhi court on Wednesday extended the judicial custody of seven accused in the Red Fort blast case by 15 days.

LGD16 DL-HC-MAJNU KA TILA (7.07 PM)

Delhi HC asks authorities to take action against illegal cafes, restaurants in Majnu ka Tila New Delhi: The Delhi High Court on Wednesday directed authorities to take action against various cafes, bars and restaurants in Majnu ka Tila area here which are operating without sanctioned building plans and safety measures.

LGD14 DL-HC-GANGSTER-LD WEB SERIES (5.59 PM)

Delhi HC refuses to halt release of web series based on life of gangster Vikas Dubey New Delhi: The Delhi High Court on Wednesday refused to stay the release of web series "UP 77", which is reportedly based on the life of slain gangster Vikas Dubey.

FOREIGN FGN44 US-CHINA-LD INDIA (4.56 PM)

China probably seeks to capitalise from deescalating tensions along Line of Actual Control with India: US report New York/Washington: China probably seeks to capitalise from deescalating tensions along the Line of Actual Control with India to stabilise bilateral relations and prevent the deepening of US-India ties, according to a report by the US Department of War.

FGN54 BANGLA-BNP-LD RAHMAN (7.43 PM)

BNP's acting chief Tarique Rahman set to return Bangladesh on Thursday Dhaka: Tarique Rahman, the Acting Chairman of the Bangladesh Nationalist Party and heir to the influential Zia family, is set to return home on Thursday, ending his nearly 17 years in exile in London, his party said on Wednesday.

FGN59 BANGLA-EXPLOSION (8.58 PM)

1 killed in crude bomb explosion in Bangladesh Dhaka: One person was killed in a crude bomb explosion in the Bangladeshi capital on Wednesday, police said.

FGN57 US-CHINA-PAK (8.19 PM)

Pentagon report highlights cooperation between China and Pakistan in defence, space New York/Washington: A report by the Pentagon highlights the cooperation between China and Pakistan in sectors such as defence and space, adding that Beijing "likely also considered" setting up a base in Pakistan.

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