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    RBI issues Draft (Securitisation Transactions) Amendment Directions
    Rupee rises 5 paise to 95.77 against US dollar in early trade
    Woman GST officer, consultant caught taking Rs 60,000 bribe in Maharashtra's Jalna
    Zelenskyy has 'good meeting' with Trump at White House as he seeks more cooperation with US
    Creation of separate ministry infused new energy in India's cooperative movement: Amit Shah
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    SC slams CBI, Delhi Police EoW over silence in Indiabulls probe, calls their conduct 'shocking'
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    India's Toy Exports Soar 89.1%, Reflecting Strong Growth in Domestic Manufacturing
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    73 Sports Medal Winners of Chandigarh University get government jobs in 2025-26
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    Gold Loan EMI or Bullet Repayment: Muthoot Finance Helps Choose Right in 2026
    EU-ASEAN Business Council Calls for stronger action on Illicit Trade, highlights India''s Strategic role
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    July 29, 2026
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    Securitisation Note amendments seek stronger issuance efficiency, liquidity and transparency, with stakeholder consultation invited on proposed directions.
    Draft amendments to securitisation transaction directions seek to improve the efficiency, liquidity and transparency of issuing and subsequently transferring Securitisation Notes. The proposals apply to commercial banks, small finance banks, non-banking financial companies and all India financial institutions. Public and stakeholder comments are invited through the designated regulatory consultation platform or alternatively by post or email.
    July 29, 2026
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    Rupee appreciation reflected weaker dollar conditions, equity inflows, crude oil movements and positive domestic market sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar. A weaker US dollar, lower crude oil prices relative to earlier levels, positive domestic equity sentiment, and foreign institutional investors' net purchase of Indian equities were identified as key influences. The dollar index weakened ahead of a monetary policy announcement, while crude prices rose amid renewed geopolitical tensions. Domestic benchmark equity indices also advanced in early trade.
    July 29, 2026
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    Input Tax Credit unblocking allegedly involved illegal gratification, prompting a trap operation and apprehension of the officer and consultant.
    Alleged bribery connected with unblocking Input Tax Credit arose after an electronics trader received a show-cause notice and had its ITC blocked. A private tax consultant allegedly conveyed that a State GST officer demanded illegal gratification for unblocking the credit and encouraged the trader to settle the demand. Following a complaint, a trap operation allegedly led to the apprehension of the officer and consultant, with further legal action in progress.
    July 29, 2026
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    Defence production licensing and Russian energy sanctions shaped discussions on Ukraine's security capacity, missile supply and diplomatic engagement.
    Ukraine-US discussions addressed licences for domestic Patriot defence-system production, wider defence-production cooperation, technology exchange and missile supply funded through European resources. Ukraine also sought support for a sanctions bill designed to increase economic pressure on Russia by imposing tariffs on goods from major purchasers of Russian oil and gas and by sanctioning Russian leaders, financial institutions and energy projects. The proposed defence-production licence was identified as a longer-term measure, alongside calls for renewed diplomatic engagement.
    July 29, 2026
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    Cooperative-sector modernisation strengthens rural finance through expanded credit societies, online audits, institutional connectivity and technology-enabled cooperative banking.
    Cooperative-sector modernisation is presented as a mechanism for strengthening rural institutions, farmer prosperity and the rural economy. The separate Ministry of Cooperation provides an administrative, legal and policy framework for the cooperative movement. Key initiatives include establishing new primary agricultural credit societies and dairy cooperative societies, expanding business activities for primary agricultural credit societies, online auditing, and connecting cooperative institutions. District cooperative banks are described as important institutions for meeting the financial requirements of expanding service and dairy cooperative societies.
    July 28, 2026
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    Direct containerised rail freight movement enables seamless Kolkata Port-to-Biratnagar cargo transport without border transshipment under revised transit arrangements.
    Direct containerised rail freight movement between Kolkata Port and Biratnagar Customs Yard has commenced under the revised India-Nepal Rail Transit Protocol. The service enables end-to-end commercial rail carriage without border transshipment through the Jogbani-Biratnagar broad-gauge connection. Implementation of the revised Letter of Exchange operationalises direct commercial rail access, intended to reduce transit time, logistics costs and cargo handling while improving supply-chain efficiency, reliability and cross-border trade.
    July 28, 2026
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    State governance reforms expand housing relief, local audits, MSME support, property records, welfare measures and clean-vehicle tax incentives.
    The reforms provide concessional stamp duty and registration charges for eligible Economically Weaker Section housing beneficiaries, a statutory local-audit framework, and incentives for MSMEs and exports. They also establish rules for ownership records in Lal Dora areas and introduce a formula-based urban property-tax assessment framework with exemptions. Welfare measures cover compensation for specified unnatural custodial deaths, ex-Agniveer reservation, and compassionate appointments. Motor-vehicle tax measures provide a rebate for qualifying vehicles registered in women's names and exemptions for new electric vehicles.
    July 28, 2026
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    Investigation into alleged fund diversion faced scrutiny as agencies were required to disclose progress and decide on regular cases.
    Investigation into alleged dubious transactions and fund diversion involving Indiabulls Housing Finance Limited remained under scrutiny because investigating agencies did not provide an updated status or take a final decision on registration of regular cases. The Central Bureau of Investigation and Delhi Police Economic Offences Wing were required to file a comprehensive affidavit and status report. The allegations concern loans allegedly routed through corporate entities to promoter-linked companies, alongside inquiries involving financial, corporate-fraud and market-regulatory agencies.
    July 28, 2026
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    MSME payment-delay reforms propose faster dispute resolution, enforceable settlement recovery, and invoice discounting to strengthen supplier liquidity.
    The proposed amendment strengthens delayed-payment dispute resolution for micro and small enterprise suppliers through prescribed adjudication timelines and possible interim payment of at least half the awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and are proposed to be legally enforceable debts under the insolvency framework. Central public sector enterprises would be required to route MSME invoice settlements through the Trade Receivables Discounting System.
    July 28, 2026
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    Regional rural bank oversight strengthens financial performance, technology adoption, diversified lending and financial inclusion in remote communities.
    Regional Rural Banks are regularly reviewed for financial performance, technology upgradation, MSME lending, loan diversification and financial inclusion in rural and remote areas. Their financial health improved over recent years, with growth in deposits, loans, credit-deposit ratio, net worth and capital adequacy, alongside improved asset-quality indicators. Financial-inclusion targets for bank-account access, micro-credit, insurance and pension schemes are set and periodically monitored to extend formal financial services.
    July 28, 2026
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    Emergency credit guarantee support addresses business liquidity mismatches while public sector banks report stronger asset quality and sectoral lending growth.
    Public sector banks reported improved balance-sheet health, rising business and lending, higher profits, stronger capital adequacy, and lower gross non-performing assets through FY 2025-26. Credit expanded across retail, agriculture, MSME, and infrastructure segments. Emergency Credit Line Guarantee Scheme 5.0 provides guarantee coverage to member lending institutions for eligible additional credit facilities addressing short-term liquidity mismatches, with full coverage for MSMEs and differentiated coverage for non-MSMEs and scheduled passenger airlines. Airline assistance is linked to peak credit outstanding and may require proportionate promoter or owner equity contribution above the applicable threshold.
    July 28, 2026
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    Toy quality regulation and export support strengthen domestic manufacturing, safety compliance, market access, and competitiveness in the Indian toy sector.
    Toy-sector measures combine quality regulation, import-duty changes, domestic manufacturing support, export facilitation, and promotional initiatives. The National Action Plan for Toys covers toy design, learning-oriented toys, quality monitoring, restrictions on unsafe imports, indigenous clusters, and domestic production. A Quality Control Order and BIS licensing framework support compliance with toy-safety standards. Cluster assistance, startup recognition, export-duty remission support, and zero-duty market access under specified trade agreements seek to strengthen competitiveness, while stated measures are associated with improved quality conformity, lower imports, and increased exports.
    July 28, 2026
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    Preferential market access under free trade agreements supports export diversification, labour-intensive sectors, and exporter use of tariff concessions.
    India's FTA framework is used to promote preferential tariff utilisation, export diversification and expanded market access. The Government monitors recently operationalised agreements through Certificates of Origin and partner-country trade data. Agreements with the UAE, Australia, Mauritius, Oman and EFTA are associated with increased product-line coverage, tariff preference utilisation and export opportunities. Labour-intensive sectors receive priority through preferential access, while calibrated tariff liberalisation and transition arrangements seek to protect sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal support exporters with market intelligence, rules of origin guidance, trade data and export-performance monitoring.
    July 28, 2026
    Show AI Summary
    Preferential Market Access under free trade agreements supports export diversification, labour-intensive sectors, tariff utilisation and data-driven trade facilitation.
    Preferential tariff utilisation under recently operationalised trade agreements is monitored through Certificates of Origin and partner-country trade data. Increased certificate issuance and expansion in exported HS-level tariff lines are treated as indicators of export diversification and market penetration. Labour-intensive sectors receive improved market-access opportunities under FTAs, while calibrated tariff liberalisation and transition arrangements preserve policy space for sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal provide exporters and policymakers with market intelligence, Rules of Origin guidance, FTA advisory services and trade-performance analytics.
    July 28, 2026
    Show AI Summary
    Sports-quota government recruitment recognised medal-winning student-athletes for public employment across defence, policing, railways and other government institutions.
    Sports-quota recruitment enabled medal-winning student-athletes to obtain government employment on the basis of sporting performances at state, national and international levels. Appointments covered armed forces, central armed police and paramilitary organisations, railways, police, the Income Tax Department, a public-sector bank, sports departments and other government institutions. The described sports framework provides scholarships, coaching, infrastructure, dietary support, travel, accommodation, equipment and selection-oriented physical, mental and personality-development training.
    July 28, 2026
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    Sugar stock controls require dealers to limit inventory duration and quantity, declare holdings, and curb speculative buying.
    Sugar dealers may not retain stock beyond thirty days from receipt or hold sugar above 4,000 quintals at any time or place. Government-account stocks and authorised Public Distribution System stocks are excluded. State Governments and Union territory administrations may prescribe limits only within the national ceiling and holding period. Dealers must declare and regularly update stock positions on the designated portal. The temporary restrictions are intended to maintain domestic availability, discourage speculative buying and contain sugar prices.
    July 28, 2026
    Show AI Summary
    Credit Profile Management requires timely repayments, controlled utilisation, selective borrowing and prompt correction of credit-report inaccuracies.
    A healthy credit profile depends on timely repayment of EMIs and credit-card dues, controlled credit utilisation and selective applications for new credit. Missed payments, sustained high utilisation and multiple hard enquiries may affect credit health and lender assessment. Individuals should periodically review credit reports for inaccurate personal details, closed loans recorded as active, missing repayment updates, duplicate loan entries or incorrect payment status, and promptly seek correction of discrepancies. Regular monitoring of credit score, repayment history, active accounts and enquiries supports informed credit-management decisions.
    July 28, 2026
    Show AI Summary
    Gold loan repayment structures require borrowers to weigh EMI interest savings against bullet repayment cash-flow flexibility and maturity obligations.
    Gold loans may be repaid through EMIs, which reduce principal and interest through periodic instalments, or through Bullet Repayment, which defers principal and accrued interest until maturity. The stated framework imposes tiered loan-to-value limits and caps consumption-purpose bullet loans at 12 months, with bullet-loan collateral assessment including projected interest. EMI repayment may reduce overall interest cost for borrowers with predictable income, while bullet repayment may preserve cash flow for borrowers expecting a defined future inflow. Borrowers should compare costs and review the Key Fact Statement before choosing a structure.
    July 28, 2026
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    Illicit trade prevention requires coordinated intelligence sharing, risk-based shipment controls and public-private cooperation to protect supply-chain integrity.
    Illicit trade prevention requires coordinated regional action through institutional intelligence-sharing, joint enforcement, regulatory alignment and public-private engagement. Proposed measures include risk-based pre-export assurance, shipment controls, digital customs tools and common principles adaptable to sector-specific risks. India is identified as a dialogue partner that can support secure regional trade through enforcement cooperation, intelligence exchange and risk-based governance. Analytical research, market intelligence, product-identification awareness and voluntary track-and-trace initiatives may assist in addressing illicit tobacco trade and strengthening lawful trade integrity.
    July 28, 2026
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    Toy-sector competitiveness is advanced through a task force and playbook focused on manufacturing, innovation, quality compliance and exports.
    Toy-sector competitiveness is proposed to be advanced through a dedicated task force and a playbook addressing manufacturing ecosystems, value chains, standards and compliance, skills, innovation, intellectual property and exports. The task force is intended to strengthen manufacturing capability, resolve value-chain bottlenecks, enable design and innovation, develop employment and skills, improve ease of doing business and support global value-chain integration. The roadmap emphasises domestic production, quality standards, localisation, branding, cluster development and support for MSMEs and startups.

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      If language protest is a 'disease', most states suffer from it, says Raj Thackeray targeting Bhagwat

      February 10, 2026

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      Mumbai, Feb 10 (PTI) Maharashtra Navnirman Sena (MNS) president Raj Thackeray on Monday said that if RSS chief Mohan Bhagwat if of the opinion that protesting for one's language is a "disease", then a majority of the states in the country suffer from it.

      In a post on X, Thackeray also claimed that those who attended Bhagwat's programme here on February 7-8 to mark the RSS centenary did not come out of love for him but due to the fear of Narendra Modi's government.

      The Bharatiya Janata Party (BJP), however, dismissed the remarks, saying people attend Rashtriya Swayamsevak Sangh's (RSS) programmes voluntarily and with discipline.

      On the issue of Marathi language and identity, the ruling BJP said Marathi is a matter of pride, but stressed that a language should remain a medium of communication rather than conflict.

      Thackeray noted that the regional sentiment in the southern states like Tamil Nadu and Karnataka is fervent. There is a similar sentiment in Punjab, West Bengal and even in Gujarat.

      When hordes of people from four-five states in the country go to different states, act arrogantly there, reject the local culture, insult the local language, create their own vote banks, it leads to resentment among locals, leading to outbursts, he noted.

      Will Bhagwat call it a disease? the MNS president asked.

      During an event in Mumbai over the weekend, Bhagwat interacted with people from different walks of life and responded to a series of questions. On the language row, he had said the "localised disease" should not spread.

      Reacting to it, Thackeray said, "If Bhagwat feels love for language and state is a disease, then a majority of the states in the country suffer from it." Thackeray said Bhagwat did not give these "sermons" to Gujarat when thousands of people from Uttar Pradesh and Bihar were driven away from there. Why were such lessons not given to Karnataka, Tamil Nadu, Andhra Pradesh, West Bengal and Punjab? he asked.

      "Bhagwat can show the courage of making such remarks because Marathi manoos are tolerant, but more than that, those in power are spineless," he claimed.

      Notably, the MNS and Uddhav Thackeray's Shiv Sena (UBT) contested last month's municipal corporation polls on the plank of Marathi identity and the 'sons of the soil' issue.

      Raj Thackeray said, "For us, the Marathi language and the Marathi people are of paramount priority. Linguistic and regional identities will remain in this country, and so they will in Maharashtra too! This is our right, and whenever such situations arise, Maharashtra will rise with full fury." The MNS leader further said he respects the Sangh's work, but it should not indirectly take a political stand. And if it does, then it must first pull up the government that's "imposing Hindi (which isn't even the national language) across the country," and then come teach us about harmony.

      Raj Thackeray also said Bhagwat should not teach him Hindutva. When Hindus are attacked, the MNS will do whatever it can as Hindus.

      The MNS was the party that took out marches against the Raza Academy "riots", protested against loudspeakers on mosques, and took a stand against the massive loudspeakers and DJs during Hindu festivals that trouble citizens, he pointed out.

      "We call out what's wrong as wrong. When will you (Bhagwat) speak up like that? When will you speak about the chaos in the name of Hindutva across the country - the way women are made to dance during kanwar yatras in north India?" he said.

      In 2014, India was ninth in beef exports and today it's second, yet the drama of cow slaughter politics continues, inflaming sentiments. When will Bhagwat speak on it? Raj Thackeray asked.

      Responding to the comments, BJP state chief spokesperson Keshav Upadhye in a post on X said the MNS leader needs to come out of his "misconception" that people attend RSS events out of fear.

      Upadhye said that Raj Thackeray should come out of the misconception. It's wrong to assume that just as people come out of fear of MNS, the same must be happening elsewhere. People participate in RSS shakhas, rallies and most events willingly and in an orderly manner, the BJP leader asserted.

      He said many RSS activities are held early in the morning or at dawn and therefore may not be visible to everyone.

      "The RSS has gained social acceptance over a hundred years of work, while self-serving political parties like the MNS have faded within a few decades. Thackeray should reflect on this," he said.

      Referring to the issue of Marathi language and identity, Upadhye said Marathi is a matter of pride, but any language should serve as a medium of communication, not conflict.

      He said that when insistence on Marathi turned into hatred for other languages and led to loss of lives, credibility on the issue was lost.

      Upadhye also said there was no need to offer advice to the RSS, adding that the organisation stands for dialogue, not confrontation. PTI PR ND GK

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