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August 13, 2026
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Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
August 13, 2026
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Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
August 13, 2026
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EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
August 13, 2026
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Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
August 13, 2026
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Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.
August 13, 2026
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Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
August 13, 2026
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Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
August 13, 2026
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CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
CBDC-based Direct Benefit Transfer under the Pradhan Mantri Garib Kalyan Anna Yojana will credit eligible beneficiaries' food subsidies as programmable Digital Rupee tokens directly into CBDC wallets. Beneficiaries may use these credits to purchase foodgrains from empanelled merchants through secure, real-time and traceable payments, replacing conventional bank-account transfers. The model is intended to improve traceability, reduce leakages and cash handling, enable real-time monitoring of subsidy use, and provide a scalable framework for CBDC integration with welfare schemes.
August 13, 2026
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Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
India and the Southern African Customs Union have signed Terms of Reference to commence negotiations for a Preferential Trade Agreement. Negotiations are envisaged on trade in goods and market access, rules of origin, customs procedures and trade facilitation, trade remedies including bilateral safeguards, sanitary and phytosanitary measures, technical barriers to trade, dispute settlement, and legal and horizontal provisions. The Terms of Reference establish the negotiating framework only; preferential tariff treatment and other operative commitments depend on conclusion of a final agreement.
August 12, 2026
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Prepaid plan restructuring eliminates mid-tier daily-data options and channels subscribers toward higher-priced plans with expanded data access.
Bharti Airtel has discontinued prepaid plans combining 1.5 GB daily data allowances with unlimited calling, directing subscribers towards higher-priced plans with expanded data access, including unlimited 5G data. The restructuring reduces low-priced unlimited-data offerings and changes the pricing architecture for customers using discontinued mid-tier plans. Management links tariff repair to differentiated mobile-plan categories and sustained average revenue per user growth.
August 12, 2026
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Insolvency professional conduct faces money-laundering allegations over re-admitted claims, creditor committee changes, and a connected resolution applicant.
Enforcement action under the Prevention of Money Laundering Act concerns allegations that an insolvency professional re-admitted claims earlier rejected as spurious and fraudulent during the Corporate Insolvency Resolution Process. The alleged re-admission altered the Committee of Creditors' composition and facilitated consideration of a resolution plan allegedly submitted for, and funded through an entity controlled by, a company promoter under investigation for diversion of bank-loan funds. Adverse findings reportedly included acting beyond authority by relying on fabricated and improperly submitted material.
August 12, 2026
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Identity document forgery allegations prompt investigation into fraudulent Aadhaar updates and falsified government and educational certificates.
Alleged forgery and misuse of identity-related records are under investigation following operations at Aadhaar centres. Seized materials reportedly include forged birth, educational, residence, caste and citizenship certificates, records bearing forged signatures and seals, and equipment used for Aadhaar updates. Four persons were arrested in two operations for allegedly preparing forged records and using them to update Aadhaar cards. Cases have been registered under relevant provisions of the Bharatiya Nyay Sanhita, with investigation continuing into the extent of the alleged network.
August 12, 2026
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Holding-company governance succession follows leadership departure, requiring transition planning amid unresolved strategy, capital allocation, board representation and listing questions.
Tata Sons' leadership succession and governance framework have become central following the chairman's decision not to seek reappointment when his term ends in February 2027. The board has been asked to decide on a successor promptly. Unresolved matters include the strategic roadmap, losses and capital requirements in newer businesses, board representation, capital allocation, an exit route for the Shapoorji Pallonji Group, and the possible listing of Tata Sons. Future leadership must manage these issues while improving returns from investment-intensive businesses and maintaining established operations.
August 12, 2026
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Interest-rate regulation for loans and advances proposes harmonised fixed and floating loan-pricing principles across regulated entities.
Interest-rate regulation for loans and advances is proposed to be harmonised across all regulated entities through a principles-based framework for fixed-rate and floating-rate loans. The framework would be calibrated to each entity's nature, complexity and scale, while supporting monetary policy transmission, credit-risk-based pricing, and fair, non-discriminatory borrower treatment. It addresses divergent commercial-bank practices in determining the marginal cost of funds-based lending rate and its components, alongside limited regulatory coverage of fixed-rate loans. Separate final directions are intended for each category of regulated entity after consideration of feedback.
August 12, 2026
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Elevated crude oil prices and Tata leadership transition drove broad equity market selling amid inflation concerns.
Indian equity markets declined amid elevated crude oil prices, inflation concerns and broad risk-off selling. Tata Group shares, particularly TCS, came under pressure after N. Chandrasekaran announced that he would not seek reappointment as Tata Sons Chairman when his current term ends. Crude oil prices approaching the USD 90-per-barrel level affected investor confidence because of potential inflationary effects, while uncertainty over United States-Iran negotiations and Strait of Hormuz shipping disruptions added to global energy market concerns.
August 12, 2026
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Trade sovereignty and energy security underpin calls to resist tariff pressure and protect sensitive sectors in bilateral negotiations.
Trade sovereignty and energy security are advanced as grounds for resisting tariff pressure linked to Indian purchases of Russian crude. Bilateral trade negotiations should proceed through equality, reciprocity and mutual respect without compromising agriculture, dairy, energy security or strategic autonomy. Concerns are also raised over removal of e-commerce inventory restrictions for foreign direct investment and over proposed Merchant Discount Rate charges on UPI transactions. Withdrawal of the inventory measure and opposition to payment-provider charges are urged, alongside possible restrictions on United States technology and social-media companies and consumer boycotts of American goods and services.
August 12, 2026
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Fair trading practices and circular production are promoted to strengthen Make in India and expand global market participation.
Trade and industrial policy messaging encourages businesses to digitise operations, adopt good manufacturing practices, follow fair trading practices, and promote recycling, reuse and a circular economy. Nine free trade agreements are identified as creating preferential market-access opportunities for Indian industry and businesses. MSMEs, entrepreneurs, farmers, fishermen, workers and the services sector are encouraged to expand Indian products and services globally, improve competitiveness through scale, and strengthen the quality, design and brand value associated with Make in India.
August 12, 2026
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Private capital mobilisation requires credible long-term frameworks, risk-sharing mechanisms, and multilateral partnerships to strengthen infrastructure investment.
Private capital mobilisation in infrastructure and development finance depends on credible long-term frameworks, investor confidence, project bankability, and balanced risk allocation. Public capital is intended to catalyse rather than replace private investment. Key financing mechanisms include Viability Gap Funding, the Hybrid Annuity Model, credit enhancement, and Infrastructure Investment Trusts. Long-term investment visibility and coordinated connectivity are supported through the National Infrastructure Pipeline and PM Gati Shakti framework, alongside investment measures for freight, rail, waterways, and coastal cargo.
August 12, 2026
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Judicial allowance exemptions under the new tax regime remain disputed, with return processing and resulting demands kept in abeyance.
Tax treatment of specified judicial allowances under the new income-tax regime is disputed. Statutory service-condition provisions are asserted to exclude allowances, including official residence, conveyance, sumptuary allowance and leave travel concession, from income computation and to override the Income-tax Act. Pending consideration, affected judges may show these amounts as receipts not in the nature of income, and their returns are not to be processed further. Any resulting demand remains in abeyance, while refundable amounts are withheld subject to the pending proceedings.
August 12, 2026
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Corporate closure data highlights worker-claim treatment through insolvency adjudication and liquidation priority, while affected-worker information remains unmaintained.
Corporate closure data recorded 36,211 private companies in Maharashtra as liquidated, dissolved or struck off during the preceding five financial years. Central information is not maintained on workers affected by closures or special rehabilitation packages. In corporate insolvency resolution, employee and worker claims are adjudicated under orders of the adjudicating authority. In winding-up or liquidation, the liquidator deals with pending wages and other admissible statutory dues, subject to available funds and the statutory order of priority.

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Customs, DGFT & SEZ

108th Meeting of Network Planning Group Evaluates Road Infrastructure Projects to Enhance Multimodal Connectivity under PM GatiShakti

February 4, 2026

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NPG evaluates seven projects from Ministry of Road, Transport & Highways

The 108th meeting of the Network Planning Group (NPG) was held at Department for Promotion of Industry and Internal Trade (DPIIT). The meeting was convened to evaluate infrastructure projects. The meeting focused on enhancing multimodal connectivity and logistics efficiency in alignment with the PM GatiShakti National Master Plan (PMGS NMP). The NPG evaluated 07 Road projects for their conformity to the PM GatiShakti principles of integrated multimodal infrastructure, last-mile connectivity to economic and social nodes and ‘Whole of Government’ approach.

These initiatives are expected to boost logistics efficiency, reduce travel times, and deliver significant socio-economic benefits to the catchment areas of the project. The evaluation and anticipated impacts of these projects are detailed below:

Ministry of Road, Transport & Highways (MoRTH)

6 Laning of Salem – Kumarapalayam of NH 544 (Tamil Nadu) - The Ministry of Road Transport & Highways has proposed the development of a six-lane corridor from Salem to Kumarapalayam in Tamil Nadu, covering a total length of 102.035 km along the high-volume Kochi–Coimbatore–Bengaluru freight and passenger corridor. The project includes the provision of continuous service roads in built-up and industrial stretches in line with access management requirements, along with the upgradation of junctions, interchanges, and grade separators to improve road safety and traffic flow. It also includes the construction and widening of major and minor bridges, flyovers, Road-over-Bridges (ROBs), and culverts to meet future traffic demands.

The proposed corridor is expected to significantly enhance regional connectivity by improving access to industrial clusters, logistics hubs, Special Economic Zones (SEZs), and key freight infrastructure such as railway terminals, Inland Container Depots (ICDs), and logistics parks. By strengthening integration with the Kochi–Coimbatore–Bengaluru economic corridor, the project will support efficient freight movement, long-haul transport, and multimodal connectivity through improved road–rail–air–port linkages, while also enhancing first- and last-mile access, airport connectivity, and operational efficiency across national and state highways connecting Salem, Erode, Tiruppur, Coimbatore, and Hosur, benefiting sectors including textiles, agri-processing, manufacturing, and containerized cargo.

Construction of Amaravati Outer Ring Road (Andhra Pradesh) - The Ministry of Road Transport & Highways has proposed the development of the 189.93 km Amaravati Outer Ring Road (ORR) in Andhra Pradesh as a greenfield project to decongest urban areas and improve regional connectivity across the Amaravati capital region, including Vijayawada, Guntur, and Tenali. The ORR will divert through-traffic away from city centers, provide dedicated interchanges for seamless access to Vijayawada Airport, and allow for future rapid transit corridor integration.

Envisioned as a key multimodal logistics corridor, the ORR will integrate with National Waterway-4 and connect major ports such as Machilipatnam and Krishnapatnam with inland urban and industrial hubs. The project is expected to reduce travel time by 30–40 percent, lower fuel consumption, and cut vehicular emissions, supporting efficient freight movement and environmental sustainability.

Construction (widening / strengthening) of 2 lane with paved shoulders from Rafiabad-Kupwara-Chowkibal-Tangdhar (Jammu & Kashmir) - The Ministry of Road Transport & Highways has proposed the construction of a 62.10 km two-lane road from Rafiabad to Tangdhar in the Union Territory of Jammu & Kashmir to enhance strategic and regional connectivity in border areas. The corridor will link key locations including Kupwara, Chowkibal, Tangdhar, and Teetwal, improve access to villages along the Line of Control (LoC), and strengthen defence logistics by ensuring reliable movement for security forces and essential supplies.

Beyond its strategic significance, the project is expected to deliver socio-economic benefits by improving access to healthcare, education, and essential services in remote areas. It will also support tourism, horticulture, and local livelihoods, while integrating the region with NH-01, Srinagar Airport, and the rail network at Sopore and Baramulla, contributing to overall regional development.

Consultancy services for Construction of Leh Bypass to 2 Lane with paved shoulder specifications including LA & Utility Shifting on (i) Starting Near Phyang Village near HPCL plant and join Leh-Manali Highway(Leh) - The Ministry of Road Transport & Highways has proposed the construction of the 48.108 km Leh Bypass-1 from Phyang, connecting NH-01 (Srinagar–Leh) with NH-03 (Leh–Manali) in the Union Territory of Ladakh. This strategic greenfield corridor is aimed at diverting through-traffic away from congested stretches of Leh city, improving transport efficiency, and enhancing connectivity for goods, passengers, and remote areas, while supporting local trade and tourism.

The project will directly link NH-01, NH-03, and Leh Airport, improving logistics efficiency and access to regional markets. Enhanced connectivity to the Phyang and Leh industrial estates is expected to reduce travel time and transportation costs, stimulate industrial and commercial activity, attract new investments, and generate economic opportunities for nearby villages, contributing to overall regional development.

Widening of existing 2 lane to 4 lane divided carriageway with paved shoulder for Chitrakoot – Majhgawan – Satna section (Madhya Pradesh & Uttar Pradesh) - The Ministry of Road Transport & Highways has proposed the upgradation of the 77.102 km Chitrakoot–Satna corridor from a two-lane road to a four-lane divided carriageway across Madhya Pradesh and Uttar Pradesh. The project will strengthen regional and inter-state connectivity, enhance freight movement, reduce travel time and vehicle operating costs, and improve overall transport efficiency along a corridor linking key economic and urban centers.

The upgradation will also improve multimodal connectivity through better access to nearby airports, rail networks, and logistics facilities, while supporting heavy industrial traffic from major cement plants in the Satna region. By addressing existing bottlenecks, the project will facilitate industrial freight movement, enhance access to religious and tourist destinations in Chitrakoot, and promote balanced economic growth across both states.

Construction of Four lane access-controlled Greenfield highway from Rourkela to Sithiyo (Odisha & Jharkhand) - The Ministry of Road Transport & Highways has proposed the construction of a 156.10 km four-lane greenfield highway from Rourkela to Sithiyo, spanning Odisha and Jharkhand. The corridor will traverse five districts and is strategically aligned to connect PM GatiShakti economic nodes, including a seafood cluster and a Special Economic Zone (SEZ), strengthening regional and inter-state connectivity.

The proposed highway will interface with key social and logistics nodes and connect with major national and international corridors, including the Asian Highway network, NH-53, NH-19, the Raipur–Dhanbad corridor, and the Golden Quadrilateral. The project is expected to significantly enhance mobility, improve logistics efficiency, and strengthen connectivity between Odisha, Jharkhand, and neighbouring states.

Construction of Six Lane Greenfield Patna Ring Road Highway (NH- 131G) from Kanhauli to Sherpur (Bihar) - The Ministry of Road Transport & Highways has proposed the construction of a 9.98 km six-lane greenfield highway from Kanhauli to Sherpur in Bihar as part of the Patna Ring Road project. The corridor will connect with NH-30 and NH-922, strengthening regional connectivity and helping decongest traffic in Patna and its surrounding areas.

The project will enhance multimodal connectivity through improved access to nearby railway stations, the upcoming Bihta Airport, and the proposed Kanhauli Bus Terminal. By improving linkage to industrial and logistics hubs in the Bihta region, the corridor is expected to support efficient freight movement and contribute to economic development in the Patna metropolitan area.

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