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    DGGI unearths clandestine pan masala and tobacco manufacturing network in Uttar Pradesh; 27 undeclared pouch-packing machines seized, evasion of about...
    Mission SAKSHAM: Scaling Capability through Co-operation - Keynote Address by Shri Swaminathan J, Deputy Governor at Mission SAKSHAM Programme for Dir...
    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
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    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
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August 21, 2026
Show AI Summary
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.
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.

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The Torchbearers: Leading with Purpose and Passion

January 27, 2026

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CHANDIGARH, India, Jan. 27, 2026 /PRNewswire/ -- Kiteskraft Productions LLP proudly presents The Torchbearers: Leading with Purpose and Passion. Beyond conventional roles, they stand as mentors and change-makers, inspiring ethical leadership, creativity, and social responsibility. Through visionary impact and community engagement, they shape progress and leave a lasting legacy for future generations. Dr. Sushant Rajput: Dr. Sushant Rajput is a senior business leader, award-winning author, TEDx speaker, and mentor, recognised for driving business growth at the intersection of strategy, execution, and human potential. Currently Vice President at eClerx Services Ltd., he brings over two decades of leadership experience across IT services, financial markets, and digital transformation. His career reflects a belief in purposeful reinvention, moving beyond linear paths to create scalable impact while nurturing people, culture, and long-term value. He has enabled growth initiatives, strengthened organisational capabilities, and translated complex market dynamics into sustainable outcomes. Alongside his corporate role, he is an Amazon bestselling author of I Wish Someone Told Me This Before My First Job and Mindful Momentum, promoting clarity, consistency, and mindful leadership. As a visiting faculty member and mentor, he bridges corporate practice with academic learning, earning honours from the University of Oxford for thought leadership and student development, globally recognized. Daman Derling: Daman Derling, mult. h.c., is a globally respected authority in mantra, yajna, tantra, and astrology, with over 25 years of dedicated practice in ancient metaphysical sciences. Known for integrating timeless Eastern wisdom with modern leadership and consciousness studies, he has guided individuals, institutions, and global organizations toward clarity, balance, and purposeful transformation. A trusted advisor to world leaders, entrepreneurs, and public figures, his work is valued for its authenticity, precision, and measurable impact. Beyond spiritual guidance, his influence extends to global policy and cultural advocacy through his role as a Board Member of the World Cultural and Environmental Commission, where he champions cultural preservation, ecological harmony, and social well-being. His journey has been featured across India Today, Business Today, Forbes, Times of India, Hindustan Times, The CEO Magazine, Dailyhunt, and Google News. Honored with global leadership, international excellence, spiritual impact, and cultural ambassador awards, Daman Derling stands as beacon. Dr. Ganesh Reddy: Dr. Ganesh Reddy is a dynamic edupreneur, purpose-driven institution architect, and emerging fiction author creating impact at the intersection of education, entrepreneurship, and social development. An accomplished academic and mentor, he will make his literary debut with a fiction novel releasing in February 2026, reflecting his lifelong passion for storytelling and creative expression. As a pioneering education leader, Dr. Reddy heads a rapidly expanding school franchise network across India, committed to delivering future-ready learning grounded in innovation, ethics, and strong value systems. His model nurtures confident learners while empowering educators and partners to build sustainable ecosystems of excellence. Extending his vision beyond education, he is entering the healthcare sector with a mission to improve accessibility, raise quality benchmarks, and promote ethical service delivery. This expansion reflects his belief that lasting progress emerges from purpose-driven institutions. Balancing enterprise with creativity, Dr. Ganesh Reddy blends leadership and imagination with lasting impact. Dr. Sanjeev Kumar: In an era of fleeting digital narratives, Dr. Sanjeev Kumar stands as a leading voice restoring depth and purpose to modern Hindi literature. Rising from rural Uttar Pradesh to national and global platforms, his journey reflects disciplined scholarship and unwavering cultural conviction. With more than 283 published books spanning literature, children's writing, and authoritative legal works, he ranks among India's most prolific contemporary authors. His revival of Prabandh Kavya has reintroduced classical epic poetry to modern audiences, blending tradition with present-day relevance. His contributions to children's literature further nurture values, imagination, and cultural awareness among young readers. Beyond literature, his engagement with legal scholarship and work connected to the Supreme Court of India reveal a rare synthesis of intellectual rigor and ethical responsibility. As founder of Vama Academy and BPA Foundation, he remains deeply committed to education and social empowerment. Dr. Sanjeev Kumar is an institution shaping India's future. Prof. Dr. Anshuman Naik: Prof. Dr. Anshuman Naik, MBBS, MD, offers online consultation via WhatsApp (9556477997) for diabetes, obesity, post-menopausal syndrome, PCOD, and thyroid disorders. Widely known as the "True Enemy of Diabetes" and a one-man army against metabolic disorders, Dr. Naik holds a Diploma in Endocrinology and Diabetes and is a Fellow of Diabetes India, the Euro-Asian Academy of Clinical Diabetology, and the Indian Society of Chronomedicine. He has also completed the Advanced Management of Diabetes and Related Disorders program from Harvard Medical School. Over the past decade, Dr. Naik has treated more than one lakh people with diabetes using an integrative approach focused on yoga, exercise, home-based nutrition, and minimal medication. In 2012, he established Sweet Life Diabetes Care & Research Center in the tribal district of Sundergarh, Odisha. His contributions have earned multiple accolades, including the Best Diabetologist Award conferred by the Governor of Maharashtra for outstanding service and impact. Dr. Abhijeet Kumar Shrivastaw: Dr. Abhijeet Kumar Shrivastaw is a visionary technology leader and social changemaker working at the intersection of innovation, education, and community development. Founder and Director of Abhinnovation Technologies Pvt. Ltd., Tech Q Labs LLP and Abhinnovation media and entertainment he has pioneered secure, scalable, future-ready online examination and EdTech solutions that enhance efficiency, transparency, and reliability for institutions. With over a decade of experience, he has delivered high-impact projects for government, defence, and private organizations, earning recognition for strategic leadership and operational excellence. His platforms have benefited thousands of institutions and learners across India, redefining digital assessment ecosystems. Equally significant is his commitment to social service. Actively associated with human rights and youth organizations, he leads initiatives focused on education access, community welfare, and inclusive development, reflecting leadership rooted in purpose and compassion. His contributions have been widely recognized through features in Forbes India, India Today, Business Today, CEO Magazine, and Times of India. Hotel Amber Palace : Hotel Amber Palace, the globally recognized hospitality brand associated with Chinese cinema-linked actor and entrepreneur Dev Raturi, has marked its India debut with the launch of its first project in Gurugram. Located in Sector 14, the hotel was formally inaugurated by Gurugram MLA Mukesh Sharma, who attended as the chief guest. Praising the visionary leadership of Founder & CEO Dev Raturi, the MLA highlighted his achievement of building China's largest chain of Indian cultural restaurants and bringing that international expertise back to India. The launch was attended by over 100 distinguished guests from across the country, who appreciated the hotel's premium ambience and modern facilities. Hotel Amber Palace offers 36 premium rooms, a state-of-the-art banquet hall, and a rooftop garden restaurant serving authentic Indian and Chinese cuisine. Designed for business travelers, families, corporate events, and social gatherings, Amber Palace aims to become a new premium hospitality destination in Gurugram. Dr. Balakrishna S. Maddodi: Dr. Balakrishna S. Maddodi is an eminent professor at Manipal Institute of Technology and a widely respected academician, researcher, and environmental advocate. He is a recipient of the prestigious Udupi Zilla Rajyotsava Award for planting more than 5,000 saplings and successfully replanting ten mature trees, reflecting his deep commitment to ecological restoration. His academic contributions include publishing numerous research papers on environmental sustainability and education, authoring three books on Earth science and geology, and developing curricula for environmental studies and sustainability programs. As a member of the State Expert Appraisal Committee (SEAC), Government of India, Dr. Maddodi has guided and evaluated multiple projects focused on environmental conservation and community development. Actively engaged in social service, he works with several NGOs dedicated to sustainability initiatives. He has organized beach clean-up drives and awareness programs across Coastal Karnataka, collaborating with government agencies to inspire environmental responsibility among young minds. Globally recognized. Dr. Gaurav Sagar Bhaskar: In a world driven by titles and applause, Dr. Gaurav Sagar Bhaskar chooses a quieter yet deeper path, leading with empathy, humility, and purpose. With over two decades of experience, he defines success not by numbers, but by the lives he uplifts and the hope he inspires. As General Secretary of the MLB Foundation, he works tirelessly at the grassroots, advancing education, elder dignity, and community empowerment. A strong believer that "old is gold," he actively champions respect for senior citizens, rebuilding intergenerational bonds through awareness and action. His contributions to education through Vivekananda World School & Vivekananda Junior reflect a commitment to excellence built patiently and sustainably. He further amplified local voices by launching Ferozepur's first Community Radio Station, strengthening civic connection. From medical camps and relief initiatives to preserving culture through the All India Mushaira, Dr. Bhaskar leads from the front, quietly but powerfully changing lives and shaping a more compassionate society. By establishing Barbados-A Resort in the border town of Ferozepur, he brought world-class, state-of-the-art hospitality to the region. Mr. Deepak Sharma: Partywalaz has emerged as a global benchmark in NRI wedding catering, where food represents trust, hygiene, and flawless execution. Led by Deepak Sharma, the brand specializes in destination and NRI weddings, delivering refined culinary experiences that meet international expectations while preserving the authentic essence of Indian cuisine. Over the last five years, Partywalaz has successfully catered 240+ NRI weddings, serving Indian-origin families from the USA, Europe, Australia, and France, reflecting its premium positioning and reliability. Known for its "hygiene over quantity" philosophy, the company follows stringent kitchen protocols, disciplined service standards, and premium ingredient sourcing—qualities valued by globally travelled clients. Partywalaz is trusted across iconic wedding destinations such as Jaipur, Jodhpur, Udaipur, and Pushkar, where precision is paramount. With expertise in cross-cultural preferences and destination logistics, Partywalaz ensures seamless celebrations. For NRI families seeking elegance, safety, and unforgettable taste, Partywalaz stands as a global symbol of trust. Kiteskraft Productions LLP, founded in 2019, is a leading organizer of national and international conferences and award ceremonies across education, business, healthcare, NGOs, and entertainment. ISO and MSME certified, it recognizes excellence, fosters collaboration, and delivers impactful events. Recognized by the Scholar's Book of World Records. Photo: https://mma.prnewswire.com/media/2870367/The_Torchbearers.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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