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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
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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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Crime falls 6.17 pc in 2025, economic offences rise in Andhra: DGP

December 29, 2025

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Amaravati, Dec 29 (PTI) Andhra Pradesh Director General of Police Harish Kumar Gupta on Monday said crime in the state declined by 6.17 per cent in 2025, reflecting strengthened policing, even as economic offences increased by 4.78 per cent, crossing 8,000 cases.

Addressing the Annual Press Conference-2025, the DGP said total cases fell from over 1.1 lakh in 2024 to 1.03 lakh during the current year.

"Crime in Andhra Pradesh declined by 6.17 per cent due to strengthened policing and focused enforcement," Gupta said, highlighting improvements in law and order and conviction outcomes.

Comparative data showed rioting cases declined from 534 to 246, marking a 53.88 per cent reduction. Bodily non-law-and-order crimes fell from 22,358 to 20,075, a decline of 10.21 per cent, he said.

Property crimes reduced marginally from 17,630 to 17,406 cases, while crimes against women declined from 16,994 to 16,347.

Offences against Scheduled Castes and Scheduled Tribes fell from 2,402 to 1,818, he added.

NDPS (Narcotic Drugs and Psychotropic Substances) cases declined from 1,875 to 1,727, while economic offences rose from 7,667 to 8,034, registering a 4.78 per cent increase statewide.

Cybercrime cases under the IT Act fell from 2,877 to 2,332, a decline of 18.94 per cent. Road accidents also reduced from 18,430 to 17,730 during the year.

The DGP said major cybercrime gangs operate from China, with fraud proceeds transferred abroad immediately, making recovery extremely difficult.

Bodily offences, including murder, kidnapping, grievous hurt, simple hurt and attempt to murder, declined during the year, though cases of culpable homicide not amounting to murder saw a slight increase, he said.

Under the drive against rowdies, police maintained 26,518 rowdy sheets, enforced 153 PD Act cases, carried out 15 externments, and bound over 11,728 persons across the state.

Property offences involving murder for gain, dacoity and robbery declined from 339 to 304 cases. While house-breaking by day recorded a marginal increase, house-breaking by night fell from 3,191 to 3,090 cases.

Thefts declined from 13,276 to 13,176, with a detection rate of 56 per cent and a recovery rate of 55 per cent, compared to the national detection rate of 33.8 per cent.

Women's safety data showed cases of rape and murder or gang rape fell from 14 to five, while murders of women declined from 40 to 25 statewide in 2025. Gupta said cybercrime, offences against women and controlling drug trafficking remained major challenges for the Andhra Pradesh Police.

Marital offences declined from 10,049 to 9,861 cases. Rape cases fell marginally, assaults on women declined from 5,388 to 4,974, and cyber crimes against women reduced from 25 to 15.

Overall, crimes against women declined by 3.8 per cent, while POCSO (Protection of Children from Sexual Offences) cases fell from 2,120 to 1,879, reflecting improved reporting and investigation.

Convictions in crimes against women and POCSO cases totalled 510, including seven death sentences, 126 life imprisonments, ten 25-year sentences, 102 20-year sentences, 65 10-year sentences, 29 sentences ranging from five to seven years, and 52 sentences of less than five years. Thirteen convictions involved minors, he said.

The Women Safety Wing reported that ITSSO (Investigation Tracking System for Sexual Offences) efficiency improved from 48 per cent to 78.47 per cent, with 4,837 sexual offender sheets opened statewide.

The Shakti WhatsApp number received 6,508 complaints, of which 105 were actionable, leading to 17 FIRs. Additionally, 12.95 lakh women received self-defence training in schools and colleges.

Under Operation Trace, police traced 1,262 girls and 2,648 women over four months. Rescued children were re-admitted to schools and provided rehabilitation support.

Drug enforcement efforts resulted in 9,478 arrests, seizure of 1,525 vehicles, 31,448 awareness programmes, attachment of assets worth Rs 9.11 crore, and booking of 75 PIT NDPS cases.

Under the EAGLE framework, police destroyed 99,836 kg of ganja and 96.45 litres of hashish oil, geo-tagged 858 hotspots, mapped 85 checkpoints, formed over 40,000 EAGLE clubs, and conducted 19,400 awareness drives.

Operation Chaitanyam achieved zero ganja cultivation in the ASR district, while Operation Garuda detected 156 non-compliant medical shops. Railway operations led to the seizure of 189.5 kg of ganja and the arrest of eight interstate traffickers.

Forensic performance at the Andhra Pradesh Forensic Science Laboratory (APFSL) recorded the lowest pendency of 1,684 cases, with a disposal rate of 93 per cent. NDPS cases were processed within 14 days, and other cases within 21 days.

DNA accuracy exceeded 95 per cent and blood group accuracy over 86 per cent, contributing to convictions in more than 70 per cent of cases.

Emergency Response Services–112 reduced response time from 30 minutes in May to 15.53 minutes in November, outperforming the national benchmark of 17.26 minutes, Gupta said.

Technology-driven enforcement included the deployment of 347 drones, detection of 6,993 cases, installation of 1.4 lakh CCTV cameras, and recovery of 35,116 mobile phones worth Rs 56.42 crore.

Gupta said the Andhra Pradesh Police were pursuing technology-led, future-ready policing focused on improved convictions, faster response times, stronger forensics and citizen-centric service delivery.

Responding to a query on accused being paraded on roads, the DGP said police stations lacked patrol vehicles in certain cases, and accused were escorted on foot to ensure timely production before courts, while maintaining that effective policing continued. PTI MS GDK SSK

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