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August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
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Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.
August 27, 2026
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Foreign exchange inflows through deposit and borrowing measures provided near-term rupee support amid lower crude prices.
Reserve Bank special measures relating to FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings were identified as attracting foreign-exchange inflows and providing near-term support to the rupee. The Reserve Bank became a net dollar buyer in June after two months of sales to support the rupee. The FCNR(B) window remained open until August 31, while the market outlook anticipated broader rupee depreciation over subsequent weeks.

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MHA gets Rs 2.55 lakh crore in Budget; IB sees massive hike of 68 per cent in allocation

February 1, 2026

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New Delhi, Feb 1 (PTI) The Union Budget 2026-27 on Sunday allocated over Rs 2.55 lakh crore to the Ministry of Home Affairs, reflecting an increase of around 9.44 per cent from the budget estimates of over Rs 2.33 lakh crore provided to it in 2025-26.

The majority of the funds in the Budget announced by Finance Minister Nirmala Sitharaman for the ministry amount to Rs 1.73 lakh crore, with around 68 per cent allocated under the head 'Police'. This includes funding for the Intelligence Bureau, Central armed police forces like CRPF, BSF, ITBP and CISF, Border development programs and funds for the police forces in Delhi and Jammu and Kashmir, among other areas.

The Union Budget 2025-26 had allocated over Rs 2.33 lakh crore (BE) to the ministry helmed by Union Home Minister Amit Shah.

The Intelligence Bureau (IB), responsible for internal intelligence, has been allocated Rs 6,782.43 crore in 2026-27, reflecting a massive 63 per cent increase compared to the Rs 4,159.1 crore it received in the last budget, according to the revised estimates.

"This provision is for meeting the administrative expenses of the Intelligence Bureau, which ensures national security by collecting and analysing information on internal threats, terrorist activities and potential security risks," the Budget document said.

Among the paramilitary forces, the Indo-Tibetan Border Police (ITBP), which guards the icy Himalayan border with China, received Rs 11,324.08 crore, marking the highest increase of approximately 14.7 per cent over the revised estimates of the last budget, where it received Rs 9,868.85 crore.

The funds include Rs 225.80 crore under the capital section meant for the procurement of machinery, equipment and motor vehicles.

The Central Reserve Police Force (CRPF) received Rs 38,517.9 crore, an increase of 3.39 per cent from the revised estimate of Rs 37,251.48 crore in 2025-26. The Border Security Force (BSF) was allocated Rs 29,567.64 crore, showing a negligible change from the previous budget.

The Sashastra Seema Bal (SSB) was allocated Rs 10,984.51 crore, the CISF received Rs 15973.85 crore, and the Assam Rifles was allocated Rs 8,796.68 crore, also showing nominal increments from the Revised Estimates of the last budget.

Additionally, Rs 95 crore has been allocated to the BSF Air Wing for aircraft, river boats, and helibases.

The CRPF, the largest among the CAPFs, is primarily deployed for internal security duties, anti-terrorist operations in Jammu and Kashmir, and combating Naxalism in central and eastern India, as well as insurgency in the northeast. The BSF is responsible for guarding over 6,000 km of borders with Pakistan and Bangladesh, and conducting internal security functions.

The SSB secures the borders with Nepal and Bhutan, while the Assam Rifles protects India's border with Myanmar. The CISF is tasked with safeguarding vital installations such as nuclear plants, airports, and metro networks.

The Delhi Police received Rs 12,503.65 crore, a nominal increase of around 0.78 per cent from Rs 12,405.70 crore in 2025-26.

"The provision is for routine expenses as well as for various schemes to be implemented by Delhi Police, such as developing a traffic and communication network in NCR mega cities and model traffic system, upgradation or expansion of communication infrastructure, upgradation of training, induction of latest technology and installation of traffic signals, etc," the Budget document said.

The Special Protection Group, which provides security for the prime minister, former prime ministers, their immediate family members, and other protectees, received Rs 499.99 crore, down from Rs 519.60 crore in 2025-26.

The Jammu and Kashmir Police, now under the direct control of the Central government, has been allocated Rs 9,925.50 crore, an increase of 9.1 per cent in 2025-26.

"This provision is for meeting the administrative expenditures of the Jammu and Kashmir Police. Jammu Kashmir Police is responsible for maintaining and enforcing law and order and traffic management in J-K," the Budget document said.

The government allocated Rs 450.54 crore for the modernisation of state police forces and Crime and Criminal Tracking Network and Systems(CCTNS), while Rs 3,610.80 crore was provided for Security Related Expenditure(SRE) and Special Infrastructure Scheme for Left Wing Extremist (LWE) Areas, as the Home Ministry has kept a deadline of March 31 for the eradication of Naxalism from the country.

The Union Territory of Jammu and Kashmir was allocated Rs 43,290.29 crore in the Budget, representing a nominal increase of 4.7 per cent from the Rs 41,340.22 crore provided according to the revised estimates of the last budget.

Besides grants towards the contribution for the Union Territory Disaster Response Fund and the Centre's assistance to meet its resource gap, the funds for Jammu and Kashmir include equity contribution for 624 MW Kiru HEP to increase its power generation capacity by using the energy potential of Chenab river, implementation of a 540MW KWR Hydro Electric Project and expenditure on account of Jhelum Tavi Flood Recovery Project (JTFRP).

"The objective of the project (JTFRP) is to support the recovery and increase disaster resilience and capacity of the communities to respond promptly and effectively to the crisis or emergency," the Budget document said.

The national capital has been allocated Rs 1,348.0 crore, which includes funds for enhanced compensation to the 1984 riots victims, grants under Union Territory Disaster Response Fund, Central assistance to Delhi Government's schemes and an externally aided project to improve the existing water supply infrastructure, ensure equitable water distribution in the command area and a continuous (24x7) supply system.

The funds allocated under "Transfers to Delhi" have increased by 8.53 per cent compared to the Rs 1,242 crore allocated in the previous budget.

In the Budget, Rs 6,680.94 crore has been given to Andaman and Nicobar Islands, Rs 5,720.17 crore to Chandigarh, Rs 2,832.70 crore to Dadra and Nagar Haveli and Daman and Diu, Rs 4,869.31 crore to Ladakh, Rs 1,682.35 crore to Lakshadweep and Rs 3,517.88 crore to Puducherry.

The Budget also allocated Rs 6,000 crore for Census-related work, with the first phase scheduled to begin on April 1. The Census, initially planned for 2020-21, was postponed due to the COVID-19 pandemic.

Additionally, Rs 5,576.51 crore has been earmarked for border infrastructure and management, while Rs 5,393.37 crore has been allocated for police infrastructure. This includes building projects for Central Armed Police Forces (CAPFs), Central Police Organisations, Delhi Police, and assistance to states and Union Territories for narcotics control, along with Rs 343.66 crore for the modernisation plan of the CAPFs.

A scheme aimed at enhancing women's safety has been allocated Rs 889.05 crore.

Furthermore, Rs 300 crore has been set aside for the modernisation of prisons, Rs 350 crore for the Vibrant Villages program, Rs 300 crore for its second phase, and Rs 665.40 crore for autonomous bodies such as the Land Port Authority of India, National Forensic Science University, and Rashtriya Raksha University. PTI ABS MPL MPL

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