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August 18, 2026
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Money-laundering investigation under PMLA expands through searches into alleged consultancy payments linked to CMRL and Exalogic Solutions.
Money-laundering investigation under the Prevention of Money Laundering Act involves fresh searches connected with Cochin Minerals and Rutile Ltd and Exalogic Solutions. The inquiry concerns alleged fraudulent payments made under the guise of IT consultancy services and a purported money trail involving persons allegedly connected with those transactions. The action follows earlier searches and questioning in relation to the same matter.
August 18, 2026
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Recruitment examination irregularities trigger money-laundering investigation into alleged bribery, paper leaks, answer-sheet tampering, and preferential veterinary officer selections.
Money-laundering investigation under the Prevention of Money Laundering Act concerns alleged irregularities in veterinary officers' final selection through a public recruitment examination. Searches covered premises linked to commission officials, alleged intermediaries, the digital evaluation entity, and selected candidates. Allegations include bribery demands, examination-paper leakage, OMR answer-sheet tampering, and facilitation of selection for relatives of commission officials.
August 18, 2026
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Export-import operations advance through operational preparedness review and planned port-led industrial and logistics development initiatives.
Operational preparedness for full land-based export-import operations at Vizhinjam Seaport was reviewed, including the Vehicle Traffic Management System. EXIM cargo operations follow a trial shipment of the port's first export container to Valencia. Mission Samudra is proposed to support port-led industrial and logistics development alongside these operations. The deep-water port was developed through a public-private partnership model and had obtained commercial commissioning certification before its dedication to the nation.
August 18, 2026
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Industrial corridor development prioritises empowered SPVs, integrated infrastructure and investor-ready parks to accelerate manufacturing investment and operations.
National Industrial Corridor Development Programme implementation prioritises timely infrastructure completion, land allotment, investment mobilisation and commencement of manufacturing. PM GatiShakti-aligned planning requires integrated connectivity, utilities and social infrastructure, while States should resolve land, clearance and SPV-power bottlenecks. BHAVYA proposes investment-ready, plug-and-play industrial parks appraised for ready land, credible demand, connectivity, utilities, realistic phasing and early investor attraction. NICDIT routes Government participation and equity support for BHAVYA project SPVs, and NICDC coordinates implementation and monitoring.
August 17, 2026
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RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
August 17, 2026
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Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
August 17, 2026
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Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
August 17, 2026
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FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
August 17, 2026
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Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
August 17, 2026
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Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
August 17, 2026
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SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
August 17, 2026
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FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
August 16, 2026
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Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
August 16, 2026
Show AI Summary
Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
August 16, 2026
Show AI Summary
Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
August 16, 2026
Show AI Summary
LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
August 16, 2026
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Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
August 15, 2026
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Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
August 15, 2026
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Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
August 15, 2026
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Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.

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Fight against malnutrition must become a collective national movement: Union Minister of Commerce and Industry Shri Piyush Goyal

January 6, 2026

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Whole-of-government approach ensuring nutrition, affordability and last-mile delivery: Shri Piyush Goyal

Root cause approach and innovation essential to eliminate malnutrition sustainably: Shri Piyush Goyal

CSR emerging as powerful instrument for social transformation and nutrition security: MoS for Cooperation Shri Shri Krishan Pal Gurjar

Union Minister of Commerce and Industry Shri Piyush Goyal today emphasised that the fight against malnutrition must be pursued as a collective national responsibility, involving government, corporates, communities and individuals alike. Addressing a CSR Conclave on Nutrition organised by the National Dairy Development Board (NDDB) in New Delhi, the Minister said that eliminating malnutrition is essential for building a Viksit Bharat and securing the country’s long-term social and economic future.

Shri Goyal said that Corporate Social Responsibility (CSR) provides a unique opportunity to link business with social impact, particularly in addressing malnutrition. While the law mandates companies to spend 2 per cent of their net profits on CSR activities, he said this should be seen as the minimum threshold and not a limitation. He described CSR not as a burden, but as a valuable opportunity to contribute meaningfully to society.

Highlighting that the spirit of service is deeply embedded in India’s history, culture and traditions, Shri Goyal said that many individuals and organisations voluntarily commit a portion of their profits to social causes, far exceeding the mandated Corporate Social Responsibility (CSR) requirement. He said the current programme serves as a wake-up call for all stakeholders to intensify efforts against malnutrition.

Minister of State for Cooperation Shri Krishan Pal Gurjar while addressing the conclave said that CSR has emerged as a powerful instrument for social transformation, moving beyond philanthropy to become a means of strategic social investment. He highlighted that programmes such as Shishu Sanjeevani demonstrate how the cooperative framework can effectively translate CSR resources into tangible social outcomes by ensuring local participation, transparency and impact. Appreciating initiatives like Gift Milk and Shishu Sanjeevani by NDDB, he said these programmes focus on aspirational districts, tribal areas, Anganwadi centres and government schools, ensuring alignment with local needs and last-mile delivery. The Minister emphasised that supporting institutional platforms such as the NDDB Foundation for Nutrition through CSR is not merely a statutory requirement but an active contribution to inclusive development and nation-building, in line with the spirit of “Sabka Saath, Sabka Vikas.”

Building on this approach of collaborative action, Shri Piyush Goyal said that malnutrition is a complex challenge that requires coordinated action. Shri Goyal highlighted that the programme is a strong example of inter-ministerial coordination, with the Ministry of Commerce and Industry, the Department of Animal Husbandry and Fisheries, the Ministry of Cooperation, the Ministry of Panchayati Raj, and the Ministry of Women and Child Development working together in line with the Prime Minister’s vision of a “whole-of-government approach”, under which all departments work in synergy to address national priorities. When the entire government moves together, programmes become more effective and impactful at the grassroots level, he added.

Shri Goyal said that NDDB is playing the role of an umbrella organisation in this programme, enabling collaboration between government and industry. He highlighted the critical role of the Department of Animal Husbandry and Fisheries in ensuring access to nutritious food, particularly milk and fish, which are rich sources of nutrition. Through government-supported institutions, nutritious food can be made available at affordable prices to address malnutrition, he said.

The Minister underscored the central role of the Ministry of Women and Child Development in addressing the root causes of malnutrition. He said that ensuring proper nutrition during pregnancy and early childhood is crucial, as malnutrition often begins even before birth. Adequate nutrition for pregnant women and children during their formative years significantly improves long-term health outcomes, he noted.

Emphasising the importance of saturation, Shri Goyal said that programmes must reach every village, every household and every section of society. He said this initiative connects corporates with beneficiaries and ensures that different stakeholders play their respective roles in reaching the grassroots.

The Ministry of Cooperation and Panchayati Raj institutions are crucial in taking these initiatives to the grassroots level, ensuring reach to every village and household. The collective involvement of all five ministries reflects coordinated governance aimed at ensuring nutrition, affordability and last-mile delivery.

Shri Goyal said that the Prime Minister consistently stresses innovation and innovative financing, as the government alone cannot fight malnutrition. He described the programme as an innovative model that links CSR directly with nutrition outcomes. By connecting corporates, PSUs and industry with the fight against malnutrition, the initiative creates shared value for society and the economy, he said.

The Minister said that addressing malnutrition also benefits farmers by increasing income through fisheries and animal husbandry. He noted that a single programme can simultaneously benefit farmers, women and children, and that large participation from these groups demonstrates the inclusive nature of the initiative.

From a management and policy perspective, Shri Goyal stressed the need for root cause analysis. He said that to eliminate malnutrition sustainably, interventions must focus on pregnancy and early childhood, and continue through the growing years to prevent stunting and underweight conditions.

He added that initiatives such as Fit India, yoga and sports also contribute to healthier lives, and that a malnutrition-free India is fundamental to achieving the goal of a developed nation. He noted that globally, the fight against malnutrition is a priority under the Sustainable Development Goals, and that access to clean drinking water through initiatives such as the Jal Jeevan Mission also plays a role by preventing diseases that lead to malnutrition.

Appealing to corporates, Shri Goyal said that investing in nutrition is an investment in India’s future workforce, future markets and future economic growth. Healthy children grow into healthy, productive and employable citizens, which benefits businesses by creating future employees and consumers, he said.

The Minister urged the media to highlight how CSR-driven nutrition initiatives are good for business and for the future of India. He said that the satisfaction derived from contributing to the fight against malnutrition instils a deep sense of responsibility and must be seen as a duty.

Calling for a people’s movement against malnutrition, Shri Goyal said that CSR should not be confined to corporates alone. He encouraged individuals to use personal milestones and celebrations as opportunities to serve society, including feeding children in orphanages and patients in hospitals.

As India works to lift 25 crore people out of poverty with speed and scale, Shri Goyal said the fight against malnutrition must be pursued with the same determination. He stated that the goal should be to ensure that not a single child in the country is malnourished or born with preventable diseases.

The Minister assured participants that the government is keen to receive new ideas and constructive suggestions through appropriate channels, including the Prime Minister’s website and concerned ministries. He expressed confidence that with collective effort, innovation and active participation of society, the goal of a malnutrition-free India is achievable.

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