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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
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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
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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
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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.
August 15, 2026
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Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
August 15, 2026
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Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
August 15, 2026
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Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
August 15, 2026
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Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
August 14, 2026
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Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
August 14, 2026
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Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
August 14, 2026
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Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
August 14, 2026
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Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.

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HIGHLIGHTS

January 18, 2026

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New Delhi, Jan 18 (PTI) Following are the top stories at 5 pm: NATION CAL53 WB-PM-RALLY (04.58 PM)

PM accuses TMC of aiding infiltrators, calls for ending ‘maha jungle raj’ in Bengal Singur (WB): Prime Minister Narendra Modi on Sunday accused the TMC government of “playing with national security by aiding infiltrators" for vote-bank politics, and said it was necessary to end its “maha jungle raj” in West Bengal to pave the way for development and good governance.

CAL28 AS-PM-2NDLD RALLY (03.30 PM)

Congress handed over Assam's land to infiltrators for votes during its rule: PM Kaliabor (Assam): Prime Minister Narendra Modi on Sunday slammed the Congress, accusing the party of handing over Assam's land to infiltrators for votes during its rule in the northeastern state.

CAL33 WB-PM-LD PROJECTS (03.35 PM)

PM unveils development projects worth over Rs 830 cr in Bengal Singur (WB): Prime Minister Narendra Modi on Sunday launched development projects worth over Rs 830 crore in West Bengal and flagged off three Amrit Bharat trains connecting Kolkata with other parts of the country.

DEL12 JK-TERROR-CRYPTO (03.10 PM)

Terror funding 2.0: 'Crypto Hawala' may be used to revive separatist elements in Jammu and Kashmir Srinagar/New Delhi: Security agencies have flagged a sophisticated "crypto hawala" network bypassing the country's financial safeguards to funnel untraceable foreign funds into Jammu and Kashmir, sparking grave concerns that the money is being used to support terror activities, officials said on Sunday. By Sumir Kaul

DEL9 WANGCHUK-WIFE-INTERVIEW (RPT) (04.33 PM)

Govt seeking dates as no merit in NSA case against Sonam Wangchuk, says wife Gitanjali Angmo New Delhi: Climate activist Sonam Wangchuk's wife Gitanjali Angmo has said his arrest reflects the state of democracy in the country where power is used to "illegally detain" people, and the case has "no merit" as fresh dates are repeatedly sought by the government in court. By Anjali Ojha

DEL15 CONG-ENVIRONMENT (04.10 PM)

How long will Modi govt live in denial, asks Cong citing World Bank's air pollution report New Delhi: The Congress on Sunday cited a World Bank report on air pollution that says around one million premature deaths happen in the Indo-Gangetic plains and Himalayan foothills annually to ask how long the Narendra Modi government would live in "denial".

BOM11 MH-BHAGWAT-LD DHARMA (04.51 PM)

India will remain Vishwaguru as long as guided by dharma: Bhagwat Mumbai: RSS chief Mohan Bhagwat on Sunday said that as long as Bharat is guided by dharma, the country will remain a Vishwaguru, asserting that such spiritual knowledge is unique to India.

DEL14 CIC-ADVOCATES-RTI (03.57 PM)

Advocates cannot seek information under RTI Act for clients' cases: CIC New Delhi: The Central Information Commission (CIC) has ruled that advocates cannot use the Right to Information (RTI) Act to seek details regarding cases they are handling for clients, observing that using the transparency law in this manner fails to advance its core objectives.

MDS8 TN-STAMPEDE-CBI-VIJAY (04.58 PM)

TVK chief Vijay to appear before CBI again over stampede case, leaves for Delhi Chennai: TVK chief Vijay left for Delhi on Sunday to appear before the CBI on January 19 in connection with the Karur stampede case.

UP-FLIGHT-BOMB (01.26 PM)

Bomb threat in Delhi-Bagdogra IndiGo flight forces emergency landing in Lucknow Lucknow: An IndiGo Airlines flight en route from Delhi to Bagdogra, West Bengal made an emergency landing at the Lucknow airport on Sunday morning following a bomb threat, police said.

CAL21 WB-BELDANGA SITUATION (01.35 PM)

Bengal police conduct route marches in violence-hit Beldanga; situation calm, roads deserted Kolkata: Armed state police personnel, accompanied by Rapid Action Force, conducted route marches in violence-hit Beldanga in West Bengal's Murshidabad district on Sunday, even as shops were closed and roads wore a deserted look following back-to-back road blockades, stone pelting and assault on journalists on two consecutive days.

BOM9 MH-COURT-OLD CASES (01.57 PM)

Cold cases purge: After 5 decades, Mumbai court shutters Rs 7.65 theft case Mumbai: Nearly 50 years after the theft of Rs 7.65, a Mumbai court has finally dropped the curtain on a 1977 cold case involving two unidentified accused and a complainant who remained untraceable despite decades of police searches.

FOREIGN FGN14 WEF-INDIA (RPT) (04.41 PM)

India readies power-packed presence at WEF before global elite Davos: India is set for a power-packed representation at the World Economic Forum Annual Meeting in this Alpine resort town that will see the global elite discuss "a spirit of dialogue" in a fragmented world for five days beginning Monday.

FGN18 UK-TARIFFS-STARMER (02.44 PM)

UK PM Starmer protests Trump’s ‘completely wrong’ Greenland tariffs  London: British Prime Minister Keir Starmer has dubbed the additional tariffs threatened by US President Donald Trump over European countries opposed to his Greenland takeover as “completely wrong”.

FGN20 LANKA-INDIA-LD TOURISTS (03.42 PM)

Indians lead Sri Lanka tourists' arrival in 2025 Colombo: Sri Lanka received a total of 2.3 million tourists in 2025, with Indian travellers accounting for the largest share, according to figures released by the tourism authority.

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