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September 6, 2026
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Food business licensing: Third-party restaurant operators require their own licences and cannot operate under another entity's registration.
Food Business Operator licensing requires the entity holding a food licence or registration to itself conduct the licensed food business at the specified premises. A third-party operator cannot operate under another entity's licence or registration and must obtain its own licence or registration. Regulatory notices concerning such arrangements may also address hygiene lapses and structural violations, followed by consideration of the operators' responses.
September 6, 2026
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European diesel supply dependence on alternative refiners grows amid constrained exports, weakening transatlantic flows, and restricted shipping routes.
European diesel supply is becoming increasingly dependent on Indian refining capacity as Russian diesel and gasoil exports remain constrained by export restrictions, refinery disruptions and port outages, while US shipments to Europe have weakened. Alternative supply routes offer limited additional clean-product volumes because reduced tanker crossings and lower ship-to-ship transfers offshore Oman constrain flows through the Strait of Hormuz. Low diesel inventories, seasonal demand and planned refinery maintenance increase exposure to supply disruptions.
September 5, 2026
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Tariff-driven inflation and elevated borrowing costs constrain growth, while durable deficit reduction may require spending restraint and tax increases.
Persistent inflation, elevated interest rates and rising public debt constrain economic growth policy. Tariffs and oil shortages are identified as contributing to inflationary pressures, while lower interest rates could increase money flows and worsen inflation. Tariffs, tax cuts, artificial intelligence productivity gains and anti-fraud measures are advanced as mechanisms to support growth, investment and domestic employment. Fiscal sustainability, however, cannot be achieved through growth alone where social security and healthcare costs exceed revenue growth; deficit reduction may require slower spending, spending reductions and tax increases.
September 5, 2026
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AI data centre development receives state support for a high-capacity campus and accelerated commissioning timetable.
HyperVault's proposed artificial-intelligence data-centre campus in Hyderabad is planned on 264 acres, with investment projected at up to Rs 70,000 crore and capacity of up to 1 GW. The campus is intended to provide high-density, liquid-cooled computing infrastructure for frontier AI companies and hyperscalers. Telangana's Chief Minister sought inauguration by June 2, 2028, while assuring required governmental sanctions and support. The project is estimated to create 7,000 jobs.
September 5, 2026
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Inflated net-worth certificates allegedly enabled secured lending, triggering fraud, breach-of-trust and asset-stripping allegations after default.
Alleged inflation of net-worth certificates is said to have induced approval and disbursal of two corporate loan facilities aggregating Rs 980 crore, each secured by continuing personal guarantees. The facilities subsequently defaulted. The FIR alleges that materially higher net-worth representations made in 2018 were later contradicted during insolvency proceedings, and attributes the lending to collusion among the guarantor, borrower entities and their officers. Allegations include cheating, creation of false documents, misappropriation and misapplication of loan funds, breach of trust, and asset stripping intended to frustrate recovery.
September 5, 2026
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AI data centre infrastructure investment enables phased deployment of high-density, liquid-cooled computing capacity using green and water-neutral design.
HyperVault plans to develop an artificial intelligence data-centre campus on 264 acres in Hyderabad, with capacity of up to 1 GW and investment by HyperVault and its partners of up to Rs 70,000 crore. The facility is intended to provide high-density, liquid-cooled computing infrastructure for frontier AI companies and hyperscalers. Development will proceed in phases according to customer demand and technology requirements, incorporating green-energy use and water-neutral design principles.
September 5, 2026
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Alleged inflation of personal net worth underpins fraud and breach-of-trust accusations over secured corporate lending.
CBI registration of an FIR concerns allegations that inflated personal net-worth certificates were used to secure corporate loan facilities from Life Insurance Corporation Housing Finance Ltd. The lender alleges that the certificates influenced lending decisions, the facilities subsequently defaulted, and later insolvency proceedings disclosed inconsistency between the represented and asserted net-worth figures. Allegations include collusion with borrower entities, false documentation, cheating, misappropriation of loan funds, and breach of lender trust.
September 5, 2026
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Free trade agreement utilisation requires district-level exporter support, rules-of-origin assistance, standards compliance, and coordinated market-access outreach nationwide.
Free Trade Agreement utilisation is to be advanced through coordinated action by central and state governments, sectoral ministries, Export Promotion Councils, industry associations and local export-support institutions. Preferential treatment is assessed against tariff rates faced by competing countries, while export competitiveness depends on scale, quality, customer trust and timely delivery. The Export Promotion Mission supports export credit, digitised compliance and FTA documentation, including rules-of-origin certification. District-level identification of products, clusters, new exporters and practical constraints, supported by workshops and rapid online facilitation, is intended to deepen market access.
September 5, 2026
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Automotive localisation and export competitiveness are prioritised through global-standard manufacturing, technology partnerships, sustainable mobility, and government infrastructure support.
Automotive-sector localisation, export expansion and global-standard manufacturing are prioritised to strengthen India's role in global production and trade. Companies are urged to invest in technology, innovation, research and development, use domestic scale for overseas markets, and avoid supplying inferior products domestically. Trade agreements are positioned as channels for market access, technology absorption and exports. Greater indigenisation is encouraged through component localisation, technology collaborations and expanded exports, supported by critical minerals, batteries, indigenous energy sources, research funding, plug-and-play infrastructure and industrial ecosystems.
September 5, 2026
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Circular textile procurement integrates certification, product categories and seller support to expand government markets for recycled materials.
Memorandum of Understanding for circular textile procurement links certification, standardisation and public-market access for recycled and upcycled products made from textile waste, scrap and second-hand clothes. The Textiles Committee will identify, verify, certify and recognise eligible producers and support specifications, catalogues and capacity building. Government e Marketplace will create dedicated product categories, onboard sellers, facilitate online market linkages, promote products to government buyers, and provide training and handholding to recyclers and upcyclers.
September 5, 2026
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India-EU Free Trade Agreement promotes tariff reduction, market access, investment resilience, and India-Belgium industrial and skills cooperation.
India-EU Free Trade Agreement is presented as reducing or removing tariffs on more than 95 per cent of Indian and European goods exports while protecting sensitive sectors on both sides. It is intended to expand trade, investment and economic resilience, with the Port of Antwerp-Bruges serving as a major gateway for Indian exports into European markets. India-Belgium cooperation is identified in gems and jewellery, semiconductors, green hydrogen, advanced manufacturing, agriculture and food processing, supported by mutual recognition, workforce mobility, skills development and technology collaboration.
September 5, 2026
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MSME compliance capacity-building programme launches structured learning and workplace training to develop certified paraprofessional support.
Corporate Mitra Course has commenced to develop trained and certified paraprofessionals capable of providing affordable business and regulatory compliance support to Micro, Small and Medium Enterprises. The 12-month programme includes six months of structured academic learning and six months of on-the-job training in professional firms. Its digital learning system offers recorded lectures, reference materials, assessments and learner-support facilities. The programme aims to strengthen MSME formalisation, ease of doing business, trust, transparency, accountability and orderly growth.
September 5, 2026
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Audit quality advisory committee broadens expert input on assurance, technology, and stakeholder perspectives in oversight.
NFRA has constituted an Advisory Committee on Audit Quality, Assurance and Technology under Rules 15 and 16 of the National Financial Reporting Authority Rules, 2018. The Committee will provide expert inputs and suggestions on matters significantly affecting audit quality, while supporting functions relating to awareness of auditing and accounting standards. Its members represent professionals, chief financial officers, audit committees, independent directors, technology experts, regulators and industry.
September 4, 2026
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Money laundering allegations over fraudulent marriage-assistance disbursements prompted investigation into false credentials and ineligible beneficiary payments.
Alleged money laundering arose from fraudulent disbursement of marriage-assistance funds intended for daughters of registered construction workers. The allegations include approvals and releases for suspicious marriage cases, use of bank accounts opened or misused on false credentials, multiple cash withdrawals, and extension of benefits to ineligible persons. Investigation under the Prevention of Money Laundering Act followed an economic-offences FIR concerning suspected misuse of the welfare scheme.
September 4, 2026
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Money-laundering allegations: discharge plea attributes airline's financial collapse to macroeconomic conditions and denies loan siphoning through sales agents.
Money-laundering proceedings arising from alleged bank fraud concern claims that loans advanced to an airline were siphoned off. The discharge application attributes the airline's financial collapse to adverse macroeconomic conditions rather than fraudulent conduct or laundering, denies diversion through General Sales Agents, and maintains that related payments were board-approved and disclosed. It also contests the treatment of the bank's outstanding claim as funds received by the founder, while the investigating agency alleges systemic fraud, loan diversion and laundering.
September 4, 2026
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Foreign exchange market conditions supported rupee appreciation, while oil prices and geopolitical tensions limited potential gains.
Foreign exchange market conditions supported the rupee's appreciation by 8 paise to 94.43 against the US dollar, aided by positive domestic equity markets, improved risk appetite, foreign capital inflows and foreign institutional buying. Reserve Bank of India intervention was also cited as support. Elevated crude oil prices, safe-haven dollar demand and United States-Iran tensions were identified as factors limiting further gains. India's foreign exchange reserves increased to a new all-time high during the relevant reporting week.
September 4, 2026
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Offer-for-sale IPO clearance enables existing exchange shareholders to monetise holdings, while sale proceeds remain outside the exchange.
Regulatory clearance permits the National Stock Exchange to proceed with an initial public offering structured wholly as an offer for sale by existing shareholders. The proposed issue does not raise fresh capital, and sale proceeds will accrue to the selling shareholders rather than the exchange. Revised offer documents were required after addition of a selling shareholder, triggering a fresh public-feedback period. The offering follows settlement of co-location and dark-fibre matters and governance and compliance measures addressing regulatory concerns.
September 4, 2026
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Equity market resilience was tempered by profit booking, geopolitical tensions, global rate expectations and domestic liquidity.
Equity markets registered a recovery after four consecutive losing sessions, led by buying in metal, private banking, oil and gas, housing finance, telecommunication, insurance, commodities and financial services shares. The benchmark equity index closed higher, while the broader index recorded a modest gain after retreating from an intraday level above the psychological threshold during the newly introduced Closing Auction Session. Investor sentiment was supported by easing interest-rate concerns, strong earnings momentum, resilient economic growth and domestic demand, but was constrained by profit booking, geopolitical tensions and crude-oil price risks.
September 4, 2026
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Forex reserve management reflects rising foreign currency assets and gold holdings, alongside marginal declines in SDRs and IMF reserve position.
India's foreign exchange reserves increased to a fresh all-time high, supported principally by higher foreign currency assets and gold reserves. Reserve accumulation has continued after concessional foreign-exchange swap initiatives introduced amid local-currency depreciation. Foreign currency assets, expressed in United States dollar terms, also reflect valuation effects from movements in currencies such as the euro, pound and yen. Special drawing rights and the reserve position with the International Monetary Fund declined marginally.
September 4, 2026
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IPO regulatory clearance enables further public issue preparations, with existing shareholders proposing a complete offer for sale.
SEBI's final observations on the proposed initial public offering enable the National Stock Exchange to undertake further public-issue preparations, subject to applicable regulatory requirements. The proposed issue is structured entirely as an offer for sale, under which existing shareholders would divest a portion of their holdings rather than the exchange issuing new shares. The draft red herring prospectus contemplates sale of 14.89 crore shares, representing nearly 6 per cent of the exchange's stake.

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Customs & Trade

Opposition seeks debate on SIR, G-RAM-G in Budget Session; 'no reverse gear', says govt

January 27, 2026

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New Delhi, Jan 27 (PTI) The government on Tuesday rejected the opposition's demands for renewed discussions on the VB-G RAM G Act and the SIR exercise during the Budget session of Parliament, with Parliamentary Affairs Minister Kiren Rijiju saying the two issues had already been debated by both Houses and "we cannot reverse the gear".

Rijiju made these remarks after an all-party meeting chaired by Defence Minister Rajnath Singh that was attended by as many as 51 leaders, including ministers, from 39 political parties on the eve of the session.

The Budget Session of Parliament commences on January 28 with the address of President Droupadi Murmu to the joint sitting of Lok Sabha and Rajya Sabha. Finance Minister Nirmala Sitharaman will table the Economic Survey in Parliament on Thursday and present the Union Budget on February 1, which is a Sunday.

During the all-party meeting, opposition members, including the Congress' Jairam Ramesh and John Brittas of the CPI(M), objected to the non-circulation of government business for the session, which Rijiju said would be done in due course.

Opposition members wanted a discussion on the Special Intensive Revision (SIR) of electoral rolls, VB-G RAM G law on employment guarantee that replaced the MGNREGA scheme, the tariffs imposed by the US on India, foreign policy matters, concerns over air pollution, state of the economy, ban on social media for early teens, among other issues, sources said.

"Once a law is before the nation, we have to follow it. We cannot reverse the gear and go back to the past," Rijiju said, responding to opposition's contentions on the VB-G RAM G Act, which was passed by Parliament during the Winter Session.

He said opposition MPs put forth several issues, and these can be raised during debate on the President's address and the Budget.

Rijiju appealed to all parties to cooperate in the conduct of proceedings but opposition leaders said that their voice must be heard for Parliament to run smoothly.

Ahead of the session, BJP and Congress leaders held their respective strategy meetings separately.

At their meeting, top Congress leaders decided to raise in issues concerning MGNREGA and SIR during the session despite the government's refusal to debate them again, and said they will demand clarity on key economic and foreign policy matters amid ongoing global tensions.

"This is an arrogant government. With the entire opposition raising the issue and despite so many strictures and judgements of the Supreme Court, the manner in which this government is behaving and moving forward on SIR, we feel this SIR issue needs to be raised at a bigger level," Congress leader and whip in Rajya Sabha Naseer Hussain told reporters after the party meeting.

Rijiju said the focus of the government during the first part of the Budget Session would be on the discussion on the Motion of Thanks to the President and debate on the general budget. The first part of the budget session concludes on February 13.

Parliament resumes business on March 9, after a three-week recess, to examine the budgetary proposals by department-related standing committees.

"We have noted the suggestions given by floor leaders of various parties. This is the Budget Session and we have requested all the parties to cooperate in running the session smoothly," Rijiju said.

Replying to a query on the demand for a discussion on the Special Intensive Revision of electoral rolls in West Bengal, he said, "Both Houses of Parliament had extensive discussions on electoral reforms in the last session, where this issue was also raised by the opposition. This is uncalled for if another debate is demanded." Rijiju appealed that members should raise their issues but there should not be any ruckus.

"My sincere appeal on behalf of the government to all honourable members is that in our Parliamentary democracy, we have been elected to represent the people and to speak for the people. While exercising our right to speak, we must also have the duty to listen to the members of other political parties," he said.

He said "marathon discussions" were held on the SIR issue during the last session, when Parliament had debated electoral reforms.

"All members were given ample time, and parties exhausted their energy," Rijiju said.

Trinamool Congress leader Sagarika Ghose said the opposition parties stressed in the all-party meeting that Parliament is not a "one-way street".

"The opposition must be given an opportunity to speak, and its voice must be heard. Parliament is a platform for the opposition to function, and the opposition must be given time. Bills cannot be passed in two or three minutes; they should be sent to committees and sufficient time should be given for proper study," she said.

Brittas said they demanded a structured discussion on issues like India's foreign policy, Labour Codes, Centre-state relations and the VB-G RAM G replacing MGNREGA.

"In foreign policy, we want to discuss repeated humiliation by Donald Trump and the US administration, and the silence of the Indian government with regard to things that are happening in global politics.

"What is the stand of the government regarding the Board of Peace, Palestine, Iran, Venezuela..." Brittas said.

"We raised issues of TN fishermen, Hosur airport project refusal, retrieval of Katchatheevu, USA's tariffs, Madurai and Coimbatore metro project at the all-party meeting," DMK leader T R Baalu told reporters here.

BJD leader Sasmit Patra said the primary focus of his party will remain on fighting to protect the livelihoods of the farmers of Odisha and ensure their welfare.

Patra said the law and order in Odisha too was deteriorating and the BJD was committed to holding the government accountable on these fronts.

TDP leader Lavu Sri Krishna Devarayalu sought a discussion on India's Free Trade Agreements, the growing harmful effects of social media on children and the case for regulating access for those under 16, and the need to uphold probity in public life.

He also sought legislative backing for the Amaravati Capital Bill and clarity on the implementation of the Central Excise (Amendment) Bill, 2025, to safeguard tobacco farmers in Andhra Pradesh. PTI SKU SKC ACB NAB AO RT RT

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