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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.
August 27, 2026
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Preferential trade agreement exploration advances bilateral market access, pharmaceutical cooperation, investment partnerships, and diversified trade.
India-Morocco economic cooperation is expanded through the seventh Joint Commission framework, targeting deeper and more diversified trade, investment, industrial collaboration and market access across goods and services. An India-Morocco Joint Working Group is to examine bilateral trade opportunities and the feasibility of a preferential trade agreement, including tariff and non-tariff barriers, improved market access and trade facilitation. Cooperation also addresses pharmaceutical market authorisation and approval timelines, food safety, sustainable agriculture, renewable energy, artificial intelligence, healthcare, and phosphates and fertilisers.
August 26, 2026
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Hybrid cyber fraud exploits stolen smartphones and intercepted verification codes to compromise digital banking and payment accounts.
Hybrid cyber fraud combines physical smartphone theft with digital financial exploitation. Offenders obtain screen-lock credentials, steal devices and use control of the active SIM card to intercept verification codes and reset UPI and digital banking credentials. Preventive measures include withholding PINs, passwords and OTPs; avoiding storage of financial and identity records on phones; and immediately blocking the SIM card and freezing digital banking and UPI services after a theft.
August 26, 2026
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CEPA review aims to expand bilateral trade engagement, address export barriers, and support regulatory registrations for exporters.
India and Japan are considering a review of the Comprehensive Economic Partnership Agreement to make the bilateral trade framework more contemporary and expand its scope, scale and commercial opportunities. The review is linked to balanced trade and to identifying export barriers arising from procedural requirements, language issues and time involved in market access. Regulatory compliance assistance may support product registrations required for overseas markets, including costly chemical registrations and pharmaceutical registrations.
August 26, 2026
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Personal loan reward eligibility depends on successful campaign-period disbursal, alongside review of borrowing costs and repayment capacity.
Loan Utsav 2026 provides a limited-period reward bundle to eligible customers whose personal loan is successfully disbursed during the campaign period, subject to applicable terms and conditions. Personal loans are collateral-free and available subject to eligibility, customer profile, documentation and applicable loan terms. Applicants may choose a loan amount and repayment tenure based on their requirements. Extended tenures can reduce monthly EMI obligations but may increase total interest payable. Customers should review interest rates, EMI, processing charges, other loan costs and repayment capacity before accepting a loan offer.
August 26, 2026
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Deep-tech investment cooperation advances through capital corridors, innovation bridges, manufacturing integration and startup pitching platforms for cross-border growth.
India-Japan startup cooperation is proposed to advance through a deep-tech capital corridor, a two-way innovation bridge, manufacturing and technology integration, and joint startup pitching platforms. Collaboration is directed towards patient capital, early-stage research, deep-tech commercialisation, technology validation, precision manufacturing, investment and market access. The partnership also emphasises MSME integration with startups and global supply chains, co-investment mechanisms, plug-and-play infrastructure, and institutional links among universities, research institutions, incubators and industry.
August 26, 2026
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Sugar price-control measures combine raw-sugar imports, stockholding limits and export restrictions to curb retail price pressures.
Sugar price-control measures combine authorised raw-sugar imports, stockholding limits for dealers and bulk consumers, and an existing export prohibition to address elevated domestic prices. Imports are permitted within the specified period, while stockholding restrictions seek to curb speculation and hoarding. Retail prices continued to rise despite lower ex-mill prices, and the regulatory approach focuses on augmenting supply, limiting stock accumulation, and preventing export-related pressure on domestic availability.
August 26, 2026
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Alternative dispute resolution enabled settlement of long-pending disputes, alongside reporting on court administration and regulatory compliance concerns.
Legal developments include resolution of long-pending tenancy, commercial and property disputes through a special Lok Adalat mechanism, including a digitally signed international settlement. Other matters concern a challenge to a riot-related murder conviction, allegations of administrative irregularities and selective case listing, fast-track court pendency, cancellation of a recruitment process following suspected examination malpractice, fraudulent identity documents used to claim citizenship, medical-qualification standards, and opposition to uranium exploration and mining.
August 26, 2026
Show AI Summary
MSME co-lending supports digital paperless credit delivery through rural banks for underserved rural and semi-urban enterprises.
SIDBI-RRB MSME co-lending arrangement is proposed for expansion to increase credit access for micro, small and medium enterprises in rural and semi-urban areas. The arrangement combines SIDBI's understanding of MSME credit requirements with Regional Rural Banks' local reach. SIDBI's Co-Lending Origination Platform provides an end-to-end digital credit process intended to enable faster, paperless loan processing, in-principle sanction communication, documentation and direct account disbursement without branch visits.
August 26, 2026
Show AI Summary
Input tax credit mismatch alone cannot support fraud-based GST demand without an assessing officer's recorded satisfaction of fraud or suppression.
Section 74 GST demand proceedings require the assessing officer's independent satisfaction of fraud, wilful misstatement or suppression of facts. An input tax credit mismatch or alleged short payment alone cannot establish these conditions. Unsupported assertions of suppression for invoking extended limitation are insufficient, and audit objections cannot replace the assessing officer's satisfaction. A show cause-cum-demand notice lacking factual allegations of a deliberate device to evade tax or avail excess input tax credit is vulnerable.
August 26, 2026
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Fraudulent Aadhaar procurement exposes identity-verification gaps and prompts disclosure, expedited investigation, deportation, and statutory review measures.
Fraudulent procurement of Aadhaar and other identity documents by foreign nationals who infiltrate borders may undermine identity verification, immigration control and national security. Coordinated action is required to trace and deport such persons, prevent re-entry, strengthen document verification, and complete investigations without delay. Amendments to the Aadhaar Act are to be considered to assist investigating agencies, while a dedicated procedure is required to address border infiltration and human trafficking. Aadhaar enrolment records are to be supplied to police, followed by timely deportation proceedings.
August 26, 2026
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Foreign investment liberalisation proposals receive industry support, subject to preserving AIF treatment, grandfathering, and prospective application.
Proposed foreign-investment liberalisation, including treatment of stakes below 10 per cent and a greater role for market forces in valuation, is welcomed. Preservation of the existing treatment of Alternative Investment Funds under the IOCC framework is emphasised, together with grandfathering of transactions and funds undertaken under the current regulatory position. Newly introduced requirements should operate prospectively to support a simpler, predictable and investment-friendly foreign-investment framework.
August 26, 2026
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India market expansion guides Nestle 's volume-led growth, export-hub development and long-term investment without compromising product quality.
Nestle 's India strategy focuses on volume-led growth, wider consumer reach, portfolio development, efficiency improvements and sustained long-term investment. Growth is intended to combine increased household penetration with pricing, premiumisation, affordability and value offerings. India is also intended to develop further as a production and export hub for global markets, supported by manufacturing capacity and expanding overseas supplies. Product quality and consumer interests remain constraints on the pace of expansion.
August 26, 2026
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Credit awareness through regular score and report review supports responsible borrowing, error detection, and informed credit management.
Free online access to the Credit Pulse Report is available through the Bajaj Finance website. Users verify their registered mobile number through OTP authentication, provide identifying particulars including PAN and date of birth, and then view the available credit score. The report may be reviewed and downloaded to examine repayment history, active credit accounts, recent enquiries and other recorded credit information. Periodic review can help identify unfamiliar accounts, inaccurate repayment records, overdue amounts, unupdated information and changes in credit utilisation.
August 26, 2026
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Credit lifecycle consistency requires facility-specific treatment so UPI-linked credit records, repayments and customer obligations remain aligned.
CARD91's Credit Lifecycle Consistency Framework calls for facility-specific treatment of Credit Line on UPI transactions and continuing credit events. Credit limits, outstanding balances, repayments, refunds, reversals and EMI conversions should be accurately connected to the relevant customer account and applied according to the underlying facility's terms. Bank policy, customer consent, transaction controls and portfolio actions should remain aligned. Customer-facing applications, statements and alerts should consistently reflect available credit, outstanding obligations and repayment schedules, while disputes and manual corrections follow documented, reviewable processes.
August 26, 2026
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Non-revolving credit lines require term-loan structures supporting multiple drawdowns without replenishing sanctioned limits for NBFC lending products.
Proposed restrictions on revolving credit facilities for most NBFCs would generally require credit products to operate as term loans, rather than facilities in which principal repayment automatically restores the available borrowing limit. Compliance may require technology capable of managing multiple drawdowns within an approved sanction, separate repayment schedules, amortisation and servicing workflows, while preventing repaid principal from replenishing the sanctioned limit.

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Customs & Trade

West Midlands announces 'A mission to seize the moment' to India during the Year of the Free Trade Agreement

February 16, 2026

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• The UK's Mayoral-led mission to India – the first of 2026 – to strengthen economic and cultural ties between West Midlands and Indian subregions. • Trade mission to Ahmedabad, Mumbai and Bengaluru from 23rd to 27th February follows recent signing of UK-India Free Trade Agreement. • Official trade mission partners include Aston University, Birmingham City University (BCU), energy provider E.ON, GEDU Global Education, University of Birmingham and University of Warwick. BIRMINGHAM, England, Feb. 16, 2026 /PRNewswire/ -- From 23rd to 27th February 2026, Richard Parker, Mayor of the UK's West Midlands region is set to lead a strategic trade mission to Ahmedabad, Mumbai and Bengaluru, building on the historic UK-India Free Trade Agreement signed in July 2025. The mayoral-led mission to India – the first from the UK in 2026 – aims to strengthen economic and cultural ties between the two markets and forge valuable partnerships for the benefit of the region's universities, businesses and communities. It will also deepen political engagement with key national and state-level leaders, reinforcing the West Midlands' role as a trusted long-term partner for India. As well as promoting new job creation the mission aims to affirm the region – including the flagship West Midlands Investment Zone – as an advantageous location for innovative Indian businesses looking to expand. It will also facilitate strategic engagement with Indian travel trade agents and tour operators, cement cultural ties and celebrate cultural exchange, as India gears up to host the 2030 centenary Commonwealth Games. Led by Mayor Richard Parker, the delegation of West Midlands business, academic and political leaders will also include Dr Julie Nugent, CEO at Coventry City Council, Prof. David Mba, Vice-Chancellor at Birmingham City University and Greg Clark, Executive Chair of University of Warwick Innovation District, alongside senior representatives from the West Midlands Growth Company (WMGC) - the official investment promotion agency for the UK's West Midlands region. The official trade mission partners include Aston University, Birmingham City University (BCU), energy provider E.ON, GEDU Global Education, University of Birmingham and University of Warwick. The West Midlands Growth Company (WMGC) – in collaboration with the India Global Forum and Greater Birmingham Chambers of Commerce - has organised a series of events and meetings with senior figures from Indian businesses and institutions. These include multinational manufacturer Tata Motors, multinational technology company Infosys, motorcycle manufacturer TVS Motors and energy company Atri Energy Transition.  The West Midlands delegation will also host an event in Ahmedabad focused on "The Commonwealth Legacy", with the city set to host the 2030 Commonwealth Games and will host a number of roundtable events bringing together key industry bodies and intermediaries. These include visitor economy-focused roundtables with VisitBritain in Mumbai and Bengaluru; a roundtable with India technology trade association NASSCOM, following its Technology and Leadership Forum; a roundtable on Urban Transformation and Smart Cities with the Mumbai Metropolitan Regional Development Authority and an event on AI Skilling & the Future of Work, with the Indian Institute of Management, Bangalore.   The West Midlands has a uniquely strong cultural relationship with India, through its 'living bridge' of 276,000 ethnic Indians that live and work in the region. The two markets have strong economic links, with India representing the UK's second largest source of investment projects for six consecutive years and the West Midlands representing the UK's largest recipient of FDI projects from India outside London. The number of visits from Indian tourists to the region has grown by more than 20 per cent over the last decade and Indian visitors also spend more in the West Midlands than any English region outside of London, valuing experiences such as world-class cricket at Edgbaston and Birmingham's premium retail and dining scenes. The region is already home to some of India's biggest companies, including Tata Group, TVS, Infosys, Hexaware Technologies, Enzen Global, Suprajit Group, State Bank of India, Microland, and more recently, Firstsource and Mahindra. Richard Parker, Mayor of the West Midlands, said: "The West Midlands and India already share real strengths in manufacturing and automotive, in digital tech and in clean energy. That gives us a solid foundation to turn last year's trade deal into something that delivers here at home. "We've built a strong trading relationship with India over many years, rooted in trust and deep cultural ties across our communities. This mission is about taking that further - growing exports from West Midlands firms, attracting new investment into our towns and cities, and bringing more visitors to our region. "If we get this right, it means good jobs for local people, stronger businesses and more money going back into people's pockets across the West Midlands." Harjinder Kang, His Majesty's Trade Commissioner to South Asia & Deputy High Commissioner to Western India, said: "The economic partnership between the UK and India is at an all-time high following the signing of the landmark trade deal last year. The Mayor of West Midlands' visit to India is another strong testament to our ever-strengthening collaboration. Besides reinforcing the growing contribution of the West Midlands to the UK-India partnership, this visit will help businesses from both sides to gear-up to take advantage of the deal which will boost growth by adding billions of pounds across both economies." Further commentary from the delegation: Professor Aleks Subic, Aston University Vice-Chancellor and CEO, said:     "Aston University has a long-term commitment to education, skills, and research partnerships with India, spanning UK study pathways, high-quality transnational education in India, and collaboration with our partner universities and research institutes.    "As a central partner in the Birmingham Knowledge Quarter, Aston is also helping attract significant international investment into Birmingham and the wider West Midlands.   "This mission is a timely opportunity to showcase Birmingham as a global innovation city and to deepen collaboration with Indian industry, researchers, and policymakers on shared global challenges."  Professor David Mba, Vice-Chancellor of BCU, said:  "For Birmingham City University this mission is about strengthening mutually beneficial economic, cultural and educational links between India and the West Midlands.   "We are proud of our Birmingham roots but are always striving to reach beyond, including the deep ties we have in South Asia – thousands of our students are either from India or part of the local Indian diaspora.  "This visit will give BCU new opportunities to advance the implementation of our ambitious 2030 Strategy, including the chance to deepen collaborative research on sustainable cities and cultural exchanges through our Royal Birmingham Conservatoire."  Vijay Tank, Chief Commercial Officer at E.ON Energy Infrastructure Solutions, said:  "Local energy systems are vital in delivering the benefits of the energy transition where they are most needed. Tailoring solutions to specific areas can drive economic growth, create local jobs and skills, and attract investment and innovation where needed.  "Whether it's our Net Zero Training Academy equipping apprentices with sustainable tech skills; providing batteries that cut bills for vulnerable customers, or our strategic partnership to accelerate Coventry's clean energy future, at E.ON we are already delivering some of those very real benefits and we're well placed to champion the Mayor's ambitions for the West Midlands as well as supporting investors in the region when it comes to navigating any energy challenges."  Kevin McCole, Managing Director at GEDU Global Education, said:  "This delegation is important as India matters to the West Midlands and the West Midlands matters to India. There are strong people to people links, strong economic ties across a range of innovation-rich sectors, and deep education partnerships. We're proud to support the Mayor's mission which will bring more investment to the West Midlands, increase two-way trade, and strengthen our education partnerships."  The Rt Hon Greg Clark, Executive Chair of the University of Warwick's Innovation District, said:   "The University of Warwick has a long history of strong ties with India - from the students on campus, to our business partnerships, to our research collaborations.   "As we deepen the cultural, economic, and educational ties between Warwick, the West Midlands, and India, we will accelerate innovation, develop talent, and drive growth that will benefit us all.   "Working with the West Midlands Growth Company and our partners in India, Warwick looks forward to creating a better world together."  Notes to editors: West Midlands Growth Company The West Midlands Growth Company helps the region make its mark nationally and internationally. Its primary purpose is to attract investment, jobs, visitors and businesses to the West Midlands. The West Midlands Growth Company focuses on the WMCA geography of Greater Birmingham and Solihull, Coventry and Warwickshire, and the Black Country. Once the powerhouse of the industrial revolution, the West Midlands has evolved into a world-class and highly sought-after international business destination, with an economy worth £117bn. Situated at the heart of the UK, the region is home to three major cities (Birmingham, Coventry, Wolverhampton) and four thriving boroughs, which come together to form one of Europe's most dynamic and diverse metropolitan clusters. Photo - https://mma.prnewswire.com/media/2902991/West_Midlands.jpg' alt='Embedded Media' /> Logo - https://mma.prnewswire.com/media/2702236/5793849/WMGC_Logo.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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