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    AU Small Finance Bank Strengthens Its Digital Banking with an Enhanced Savings Ecosystem
    Rupee nears 94/USD, down 41 paise to record low of 93.94 in early trade
    Government modifies Mutual Credit Guarantee Scheme to Support MSME Manufacturers and Exporters in line with Budget 2025-26
    Government introduces Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0)
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    Himachal CM Sukhu presents Rs 54,928-cr budget for FY27 with thrust on rural economy
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    How Tripo Balances Speed and Quality in an AI 3D Model Generator
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    Sour taste: West Asia crisis hits rice exports from MP's Raisen and Balaghat districts
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March 23, 2026
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Digital-first savings banking gains focus as AU Small Finance Bank expands a seamless, secure customer journey.
AU Small Finance Bank is strengthening its digital-first savings banking model by refining the customer journey across its Digital Savings Account portfolio. The enhanced ecosystem is designed to provide a seamless, intuitive, secure and mobile-first experience across multiple account segments, with simplified onboarding and clearer day-to-day account management. The approach also emphasizes guided decision-making, transparent communication on savings account essentials, faster access to core services through its mobile app, and an operating framework based on simplicity, accessibility and reliability.
March 23, 2026
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Rupee depreciation intensifies as crude prices, dollar strength and foreign outflows keep pressure on the currency.
The rupee weakened sharply in early trade and touched a record low against the US dollar amid elevated global crude prices, a strong dollar, foreign fund outflows and weakness in domestic equity markets. Market participants linked the depreciation to heightened dollar demand from oil imports and continued selling by foreign institutional investors. The Reserve Bank of India was reported to be active in the market at various levels, with expectations of possible intervention to curb further depreciation, while the dollar index remained firm and Brent crude continued to trade at elevated levels.
March 23, 2026
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Mutual credit guarantee for MSMEs expands eligibility, eases upfront costs, and adds stronger support for exporter units.
Mutual Credit Guarantee Scheme for MSMEs has been modified to widen eligibility, reduce upfront burden, and extend guarantee support for credit used to purchase plant, machinery, and equipment. The revised terms include service sector MSMEs, a reduced machinery cost threshold, a 10-year guarantee tenure, and refundable upfront contribution requirements. Special provisions for exporter MSMEs prescribe eligibility conditions, a capped guaranteed loan amount, higher guarantee coverage, and a concessional guarantee fee structure.
March 23, 2026
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Credit guarantee support for microfinance lending boosts financing to NBFC-MFIs, with capped rates and differentiated coverage.
Credit guarantee support is introduced for lending to NBFC-MFIs and MFIs through the National Credit Guarantee Trustee Company Limited to strengthen financing for on-lending to small borrowers within the Reserve Bank of India's microfinance definition. The scheme extends differentiated guarantee cover of 80% for small, 75% for medium and 70% for large NBFC-MFIs or MFIs, with a guarantee fee of 0.50% per annum and lending caps linked to EBLR or MCLR plus 2% per annum. The scheme remains valid until 30 June 2026 or until loans aggregating to Rs. 20,000 crore are guaranteed.
March 22, 2026
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Rural economy support and targeted welfare measures shape the Himachal Budget, with higher support prices and fiscal restraint steps.
The Budget for 2026-27 emphasised rural economy support, welfare-linked subsidies, and sector-specific price interventions. It proposed free electricity for identified poor families, monthly assistance for eligible women, housing support for poor households, higher support prices for crops, milk and fish, and reduced royalty on fish caught from reservoirs. The Budget also provided for forest-based livelihood measures, plantation-linked employment, eco-tourism development, and targeted support for shepherd communities, alongside temporary salary deferral measures to address fiscal stress.
March 21, 2026
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Discontinuation of Revenue Deficit Grant increases fiscal pressure; state enacts salary deferments and targeted welfare measures in budget.
The budget responds to discontinuation of the Revenue Deficit Grant by reducing overall expenditure and imposing temporary salary deferments for listed officeholders and senior officials for six months, while allocating funds to complete pending works. It shifts subsidies to targeted welfare-free electricity for identified low income households, monthly cash transfers to eligible women, housing for selected poor families-and specifies sectoral measures including increased procurement prices for milk, a minimum support price for fish with reduced royalty, formation of a Kisan Aayog and a Women's Tourism Fund, and allocations for eco tourism and forest plantation.
March 21, 2026
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Credit rating upgrade strengthens NBFC's access to capital and supports strategic funding and growth plans.
IBL Finance Limited, an RBI registered fintech NBFC, has been assigned a long term investment grade rating of BBB with a Stable outlook. The rating is supported by governance, risk management and compliance frameworks, a healthy net worth, comfortable gearing and an elevated CRAR, diversified debt resources and majority promoter commitment. The company's portfolio is largely secured lending to financial institutions with improving gross and net NPA ratios and rapid AUM and net worth growth; forward looking statements are qualified by standard risk disclaimers.
March 21, 2026
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Balancing speed and production-quality in AI 3D model generation enables rapid conversion of concepts into usable assets.
Tripo Studio unifies rapid text-to-3D and image-to-3D generation with production-grade post-processing-automatic segmentation, automated retopology balancing efficiency and detail, AI PBR texturing with selective refinement, and AI auto-rigging-while offering Smart Mesh for clean low-poly topology and H3.1 for high-density fidelity, and a DCC Bridge for direct export to major 3D tools, enabling faster conversion of concepts into production-ready assets.
March 21, 2026
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Restrictions recommendation on a socio cultural organization challenged as biased, prompting calls for contributor background checks.
A coalition of 275 retired judges, civil servants and armed forces officers criticised a USCIRF report recommending asset freezes and movement restrictions against the RSS as biased and "highly motivated," urged vetting of report contributors, and stressed that critiques must be grounded in verifiable evidence and contextual understanding rather than broad generalisations.
March 21, 2026
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Trade disruption: West Asia crisis halts rice exports, raising costs and threatening supply chains and small mill viability
The West Asia crisis has disrupted exports of Raisen basmati and Balaghat boiled non-basmati rice by raising freight rates and creating container shortages, causing port backlogs, delayed shipments, strained payment cycles and working capital, falling farmgate and rice prices, reduced paddy arrivals, and threatening small and medium millers despite regional product identification used in exports.
March 21, 2026
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National quality sprint to align MSMEs with global value chains through cluster programmes and industry led quality courses.
A national quality sprint was proposed to align MSMEs with global value chains through cluster based interventions targeting measurable operational improvements within 12 months. IFQM paired this agenda with industry led, actionable mechanisms: cluster development, a Quality Excellence Prize with a multi stage assessment, a Leadership Development Course, a Zero Defect Manufacturing course, and an Excellence in Manufacturing Engineering course to build capacity, benchmark quality systems, and enable export competitiveness.
March 21, 2026
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Multimodal connectivity advances: projects evaluated to align infrastructure with integrated PM GatiShakti goals, boosting logistics efficiency.
The Network Planning Group reviewed six projects under PM GatiShakti standards-two rail (Arakkonam-Chengalpattu doubling; Whitefield-Bangarpet quadrupling), two metro (Mumbai Metro Line 11; Pune Metro Line 4 extensions), and two highways (Badnawar-Petlawad four laning; Fotu La Tunnel)-to ensure integrated multimodal infrastructure, last mile connectivity, passenger freight separation, and enhanced logistics efficiency, with anticipated outcomes of reduced congestion, improved punctuality and safety, lower transport costs, and socioeconomic benefits for project catchments.
March 21, 2026
Show AI Summary
Environment audit designated agency role assigned: NPC to manage auditor certification, registration and capacity building under new rules.
The Government designated the National Productivity Council as the Environment Audit Designated Agency under the Environment Audit Rules, 2025, assigning NPC responsibility to develop eligibility and screening criteria, conduct examinations and certification for Certified Environmental Auditors, specify registration criteria for Registered Environmental Auditors, maintain an online public register, and manage renewal, suspension, withdrawal or cancellation processes, monitoring and disciplinary measures, alongside establishing digital systems and capacity building programmes to administer the national environmental audit framework.
March 20, 2026
Show AI Summary
Currency depreciation driven by persistent foreign outflows and rising oil prices, heightening reserve pressure and inflation risks.
Rupee depreciation accelerated due to persistent foreign portfolio outflows and surging crude oil prices, intensifying exchange rate pressure and inflationary risk. Geopolitical tensions disrupting energy supplies were cited as a key driver, while heavy foreign equity selling and a notable decline in foreign exchange reserves reinforced market stress and reserve management challenges for monetary authorities.
March 20, 2026
Show AI Summary
Tender irregularities monitored by a dedicated EOU team investigating collusion, portal manipulation and related financial offences.
A specialised EOU team has been formed to monitor and investigate tender irregularities across government departments, targeting collusion, manipulation of departmental portals and bypassing of procurement safeguards, with particular attention to illegal mining schemes involving departmental officials. Concurrently, the EOU has advanced financial crime probes including an examination paper leak, an investigation into disproportionate assets with cross border property evidence, PMLA referrals to the enforcement agency for asset confiscation review, and inquiries into GST evasion and fraud in cooperatives, banks and post offices.
March 20, 2026
Show AI Summary
Tax simplification: streamline compliance for honest taxpayers while using technology to detect willful evasion and reduce litigation.
Finance Minister directs tax authorities to make compliance easy for honest taxpayers while using technology to detect willful evasion under the streamlined Income Tax Act, 2025; calls for local-language awareness campaigns and administrative steps to reduce litigation by clarifying and consolidating statutory provisions.
March 20, 2026
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Aadhaar biometric updates strengthen identity verification; coordination and cybersecurity measures expand digital access safeguards nationwide
UIDAI commended Andaman and Nicobar for strong implementation of Aadhaar biometric updates and adult enrolment verification, while noting terrain and connectivity challenges that require coordination with local administration. UIDAI emphasised the Aadhaar mobile application for remote identity management and a cybersecurity bug bounty programme engaging vetted ethical hackers to secure public-facing applications, and urged timely biometric updates for children to prevent authentication problems in examinations and welfare schemes.
March 20, 2026
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Economic development goal: state pursues large-scale economy growth through industrial support, infrastructure upgrades and policy transparency.
Gujarat sets an economic development goal to become a large-scale economy by following central policy direction, with the state committing targeted support to industries through policy-driven facilitation, transparency, and updated regulatory measures. Operational measures emphasize infrastructure, water and electricity improvements, inclusive regional development beyond traditional industrial belts, expansion of the MSME sector, export-oriented sectoral strengths, investor attraction via the Vibrant Gujarat initiative, and a long-term roadmap toward national development milestones, with infrastructure upgrades and investment facilitation as core mechanisms.
March 20, 2026
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Foreign exchange reserves decline indicates central bank reserve composition shifts and affects external liquidity management policy.
The central bank reported a weekly decline in overall foreign exchange reserves driven mainly by a fall in foreign currency assets, alongside an increase in gold holdings and minor decreases in Special Drawing Rights and the reserve position with the international monetary institution, changes which alter reserve composition and dollar-denominated valuation.
March 20, 2026
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Currency depreciation pressures the rupee as fund outflows and rising oil amid geopolitical tensions create a negative bias.
The rupee fell to a record low of 93.71 against the dollar, primarily due to sustained foreign institutional investor outflows and rising global crude prices amid geopolitical tensions; higher energy costs were noted as risks to the trade deficit and inflation, while major central banks' rate-hold stances and recent net foreign equity sales were cited as contextual factors, with analysts forecasting a continued negative bias and a near-term trading range for the spot exchange rate.

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Suresh Gopi denies controversy over exclusion of Kerala PWD Minister from PM event in Kochi

March 12, 2026

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Thrissur (Kerala), Mar 12 (PTI) Union Minister Suresh Gopi on Thursday said people who can be on the dais at the Prime Minister's event are selected in accordance with the Blue Book protocol.

He was responding to reporters about the state government, including Chief Minister Pinarayi Vijayan, not attending Prime Minister Narendra Modi's event in Kochi on Wednesday after PWD Minister P A Muhammad Riyas was not invited.

Modi had inaugurated several projects, including the renovated stretches of National Highway-66 in Kerala, during the event in Kochi.

The union minister said the central government had informed the state government that arrangements for the dais would be made in accordance with the Blue Book protocol during the Prime Minister’s programme.

"If the state government had responded saying that they want a concerned minister to be included, the arrangements would have been made accordingly," he said.

He said the Special Protection Group (SPG) has a protocol regarding the number of persons allowed on the dais and that should be followed.

"I won’t say it is an unnecessary controversy as their politics requires it. They can only move ahead like that," he said.

He also said he has no objection if the state government organises another inaugural event for the NH before the Prime Minister’s programme.

"Then how many parallel inaugurations would I have done, considering the number of projects implemented? There is also politics in not giving permission to projects for which MP funds were given," he said.

Responding to Kerala Minister M B Rajesh’s allegation that the SPG sought his Aadhaar card when he arrived to attend the Prime Minister’s event in Thiruvananthapuram earlier this year, Gopi said there was nothing unusual about it.

He said he himself was frisked at four places during Prime Minister Narendra Modi’s programme in Kochi.

"People accompanying me told the SPG that I am a Minister of State. But they insisted on checking," he said.

He said he was aware of SPG procedures and had carried his Aadhaar card, passport and driving licence when he attended the Prime Minister’s event in Kochi.

"It is not for them to win and us to lose," he said.

He also said, that in a similar fashion, Union Home Minister Amit Shah had once been stopped and asked to show his Aadhaar card at an event.

"They even frisked my back and said there was some metal. Then I lifted my dress and showed them the belt, which had a metal buckle," he said.

Gopi said work on the entire National Highway stretches in Kerala has not been completed yet.

He said he had requested that the NH stretches where work was completed be opened.

When asked about CPI(M) leader G Sudhakaran reportedly deciding to contest as an independent candidate, Gopi said Sudhakaran appeared emotionally sad.

He said he had not spoken to Sudhakaran about joining the BJP.

"I spoke to him only to offer moral support. We have not spoken a word of politics during the conversation," he said.

Gopi said that during a conversation about 1.5 years ago, after Sudhakaran had issues with his party leadership, he had advised him not to create a deadlock for his party.

"No one has the right to question a person for showing his personality," he said.

Gopi said he could not comment on whether the party’s stand against Sudhakaran was fair, as he did not belong to the CPI(M).

"People of Kerala know his heart. It is his decision," he said.

Asked whether the BJP would support Sudhakaran if he contested as an independent, Gopi said the decision would have to be taken by the party.

When asked whether the BJP had held talks with CPI MLA C C Mukundan, who was expelled from his party, he said it was natural for discussions to take place when a leader decided to leave a party. However, he added that it is up to the individual to decide which party he would join. PTI TBA KH

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