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    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
    China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence
    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
    NUMR Inc. helps deliver Axis Bank's data-driven excellence in customer experience
    ED can't add old FIR to Enforcement Case Information Report to sustain PMLA proceedings: Delhi HC
    Rupee settles on flat note, 3 paise higher at 95.71 against US dollar
    VinFast India Partners with Federal Bank to Strengthen Dealer Financing Ecosystem
    Sugar prices soar to Rs 70 per kg ahead of festive season in Bengal, jaggery also dearer
    Rupee gains 9 paise to 95.65 against US dollar in early trade
    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
    Over 745 gram gold paste seized at IGI; Customs nab carrier, receiver
    Quebec remains cautious on Canada-US trade deal as Ottawa pushes to restore US alcohol
    No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31; caps sugar stock for bulk consumers
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31
    DFS Organises Workshop to Strengthen Implementation of Reservation Policy Across Public Financial Institutions
    DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem and Drive Innovation
    Union Minister of Commerce and Industry Shri Piyush Goyal Strengthens India-Singapore Economic Partnership through High-Level Bilateral and Business E...
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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.
August 21, 2026
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Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
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Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
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Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.

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January 12, 2026

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New Delhi, Jan 12 (PTI) Following are the top stories at 9.10 PM: NATION DEL81 PM-INDIA-LD-GERMANY (08.56 PM)

India, Germany decide to expand strategic ties to navigate global upheaval Ahmedabad: India and Germany on Monday unveiled measures to boost cooperation in areas of defence, trade, critical minerals and semiconductors, with Prime Minister Narendra Modi and Chancellor Friedrich Merz vowing to bolster overall bilateral ties to jointly navigate challenges arising out of geopolitical upheaval.

BOM26 GJ-PM-2NDLD MERZ (08.52 PM)

Modi, Merz engage in 'kite diplomacy'; German Chancellor pays tributes to Mahatma Gandhi Ahmedabad: German Chancellor Friedrich Merz on Monday visited the Sabarmati Ashram in Ahmedabad and paid rich tributes to Mahatma Gandhi, saying the teachings of India's independence movement hero are more needed today than ever.

DEL74 PM-YOUTHS-DIALOGUE (07:52 PM)

India's Gen Z is full of creativity, says PM Modi New Delhi: Prime Minister Narendra Modi on Monday said India's Gen Z is full of creativity and with innovative ideas, energy and purpose, the country's youth is at the forefront of nation-building.

DEL67 CBI-KARUR-2NDLD VIJAY (7.26 PM)

Karur stampede: TVK chief Vijay questioned for 6 hours by CBI; to be called again New Delhi/Chennai: TVK chief and actor Vijay was questioned for nearly six hours by the Central Bureau of Investigation (CBI) here on Monday in connection with the Karur stampede case, officials said.

DEL66 INDIA-US-2NDLD-GOR (7.23 PM)

India most essential to Washington, both sides actively engaged on trade deal: New US envoy New Delhi: Signalling an intent to rebuild strained ties, President Donald Trump's new ambassador to Delhi said on Monday that no country is as essential as India to the United States, and asserted that both sides are actively engaged to firm up a trade deal.

DEL57 SPEAKER-COMMONWEALTH (06.36 PM)

PM Modi to inaugurate Commonwealth speakers' conference; Pak, Bangladesh to stay away New Delhi: Prime Minister Narendra Modi will on Thursday inaugurate the 28th Conference of Speakers and Presiding Officers of the Commonwealth (CSPOC), which is expected to witness participation from 42 of the 56 member nations.

DEL54 DHANKHAR-HEALTH-LD AIIMS (06.24 PM)

Ex-VP Dhankhar admitted to AIIMS after two bouts of unconsciousness New Delhi: Former vice president Jagdeep Dhankhar was admitted to the All-India Institute of Medical Sciences (AIIMS) here on Monday after he fell unconscious twice on January 10, officials said.

DEL79 LD COLD (08.38 PM)

Near-zero temperatures freeze Rajasthan, Haryana; Gurugram sees frost with low of 0.6 deg C New Delhi: As fog floated across cityscapes and open grounds in northern states, the winter weighed much heavier, pushing mercury down to near-freezing temperatures in many areas which experienced the coldest night of the season.

CAL34 WB-ABHISHEK-2ND LD ED (08.30 PM)

Abhishek alleges 'information theft' in ED raid on I-PAC, sharpens TMC's attack on Centre Kolkata: Senior TMC leader Abhishek Banerjee on Monday escalated the party's confrontation with the Centre over the ED raid on I-PAC, alleging that the central agency's objective was not investigation but "stealing political information" to settle scores on behalf of the BJP ahead of the 2026 assembly polls.

CAL35 WB-NIPA-VIRUS AFFECTED (08.38 PM)

Bengal nurses on ventilator support after showing Nipah virus symptoms Kolkata: Two nurses working at a private hospital in West Bengal's North 24 Parganas district are showing symptoms of being infected with Nipah virus, a senior official of the state health department said on Monday.

MDS20 ISRO-LDALL SATELLITE-ANOMALY (07.48 PM)

ISRO's PSLV-C62 rocket encounters 'anomaly', deviates from flight path, misses orbit Sriharikota: In a second consecutive setback, ISRO's PSLV-C62 rocket carrying 16 satellites, including a foreign Earth Observation payload, failed to place them in the intended orbit after encountering an "anomaly" in the critical third stage of the launch on Monday.

MDS22 KL-LDALL SATYAGRAHA (08.20 PM)

Satyagraha sparks political storm in Kerala as CM accuses Centre of financial squeeze Thiruvananthapuram: Kerala saw a heated political showdown on Monday as state ministers led by Chief Minister Pinarayi Vijayan took to the streets with a Satyagraha, accusing the BJP-led Centre of squeezing the state financially.

BUSINESS DEL56 BIZ-LD INFLATION (7.08 PM)

Inflation rises to 3-month high of 1.33 in Dec; remains below RBI tolerance band New Delhi: Retail inflation rose to a three-month high of 1.33 per cent in December, mainly due to higher prices of food items, but remained below the Reserve Bank of India's lower tolerance level.

DEL84 BIZ-TAX-LD COLLECTION (09.02 PM)

Net direct tax kitty swells 9 pc to Rs 18.4 lakh cr on slower refunds, higher corp tax mop-up New Delhi: Net direct tax collection grew about 8.82 per cent to over Rs 18.38 lakh crore in the current fiscal till January 11 due to slower refunds and better corporate tax mop-up.

FOREIGN FGN54 CHINA-SHAKSGAMVALLEY-LD REAX (08:32 PM)

China reaffirms its territorial claims over Shaksgam Valley after India's objections Beijing: China on Monday reaffirmed its territorial claims over the Shaksgam Valley in the backdrop of India's objections, stressing that the Chinese infrastructure projects in the area are "beyond reproach".

FGN20 US-INDOPAK-TRUMP (11:11 AM)

I ended eight wars, India and Pakistan were going at it: Trump New York: US President Donald Trump repeated his claim that he has solved the conflict between India and Pakistan, saying he ended eight wars but still did not get the Nobel Peace Prize.

FGN15 US-TRUMP-VENEZUELA (08:21 AM)

Trump describes himself as 'Acting President of Venezuela' in Truth Social post New York: US President Donald Trump has posted a photo of himself on his social media site Truth Social with his designation listed as "Acting President of Venezuela."

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