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April 10, 2026
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Rupee volatility and RBI position limits weigh on USD/INR as global tensions and crude prices stay elevated.
Rupee trading remained volatile amid rising global tensions, with the USD/INR pair pressured by the US-Iran conflict, fragile ceasefire conditions and firmer crude prices. Market participants linked near-term movement to fading domestic support from unwinding of overnight positions, while noting that the RBI's instructions to banks on curbing overnight USD positions were nearing expiry. India's forex reserves and stable banking system were seen as buffers, though external uncertainty continued to weigh on the outlook.
April 9, 2026
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Profitability and revenue growth support stronger margins as headcount turns positive and workforce cuts end.
Revenue, profitability, and operating margin expanded in the March quarter, with net profit rising and revenue from operations increasing on the back of wider margins and continued customer technology spending. The company also reported new deal signings and said AI-related revenue had scaled materially on an annualised basis, while macroeconomic headwinds were still present. Headcount turned positive after two quarters of decline, the workforce reduction plan had ended, restructuring costs were capped, and salary hikes would resume across the organisation.
April 9, 2026
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Fraudulent share trading and crypto investment schemes exposed through unregistered entities, fake documents, and laundering methods.
Fraudulent share trading, cryptocurrency, and foreign exchange investment schemes were allegedly operated through unregistered entities, fake documents, fabricated user accounts, and misleading promises of high returns. One accused was said to have run a firm not registered with SEBI, used fake share certificates and investor documents, and attracted complaints from multiple states after promising gains in shares and IPOs. A separate investment fraud allegedly involved an online trading company using advertisements, social media campaigns, seminars, and an unauthorised trading application to induce investments in cryptocurrency and USDT.
April 9, 2026
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Energy supply security drives talks on restoring LNG and LPG shipments amid Middle East disruptions.
India is seeking to secure uninterrupted energy supplies amid geopolitical disruptions that have affected liquefied natural gas and LPG flows from the Middle East. Qatar, India's largest supplier of LNG and a major supplier of cooking gas, had halted supplies after the conflict in the region and the shutdown of a key export facility led to a declaration of force majeure on gas exports. Discussions are expected to centre on resumption of shipments, review of existing arrangements and strengthening bilateral energy cooperation.
April 9, 2026
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Aadhaar enrolment safeguards sought to prevent misuse of identity documents and curb improper citizenship claims.
Public interest litigation seeks directions to restrict fresh Aadhaar issuance to children up to six years of age and to frame stricter guidelines for adolescents and adults to prevent misuse by infiltrators or foreigners masquerading as Indian citizens. It also seeks display notices at common service centres stating that Aadhaar is only proof of identity and not proof of citizenship, address, or date of birth, and alleges that weak verification enables improper enrolment and acquisition of other identity documents.
April 9, 2026
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Cyber fraud prevention through intelligence sharing and coordinated action now strengthened by a new inter-agency memorandum.
The Financial Intelligence Unit-India and the Indian Cyber Crime Coordination Centre entered into a Memorandum of Understanding to strengthen coordination in combating cyber fraud and financial crimes. The arrangement provides for enhanced information sharing, development of operational intelligence, and support to investigative agencies for prevention of financial crimes, protection of digital transactions, and asset recovery. It also contemplates feedback mechanisms to improve fraud detection and the dissemination of guidelines and red flag indicators for financial institutions.
April 9, 2026
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Energy security and cross-border power trade shape India-Bhutan cooperation through hydropower, clean energy and technical agreements.
India-Bhutan bilateral engagement focused on strengthening cooperation in energy security, sustainable development, clean energy, hydropower and regional power trade. Discussions covered an enhanced bilateral institutional framework for regular review and coordination of initiatives, including non-hydro energy, cross-border transmission, project financing, capacity building and institutional partnerships. The parties also signed the Tariff Protocol for the Punatsangchhu-II Hydroelectric Project and a methodology for reactive energy accounting to support grid stability and cross-border electricity exchange.
April 9, 2026
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Trade Receivables Discounting System directions seek to harmonise TReDS guidelines and support MSME receivables financing.
Reserve Bank of India has released draft Trade Receivables Discounting System Directions to rationalise and harmonise the existing guidelines governing TReDS platforms. The draft framework is intended to support financing of MSME trade receivables through regulated discounting mechanisms. The draft Directions have been issued for public consultation, and comments or feedback may be submitted by regulated entities and other stakeholders through the prescribed online regulatory feedback channel within the stipulated consultation period.
April 9, 2026
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Bank board governance reform shifts to principle-based guidance after RBI issues draft amendment directions for public consultation.
Reserve Bank of India has issued draft governance amendment directions for commercial banks, small finance banks, payments banks and local area banks for public comments. The proposed changes follow a comprehensive review and rationalisation of existing instructions on matters to be placed before bank boards, including their periodicity, so that boards may focus more effectively on strategy and risk governance. The draft framework replaces the earlier seven broad themes with principle-based guidance on board matters and retains RBI's ability to mandate policies and items for board approval, review or information.
April 9, 2026
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Investment Fluctuation Reserve rules updated through draft directions to align bank-wise prudential treatment and reporting clarity.
Reserve Bank of India has placed draft Amendment Directions for public comments to revise the framework on Investment Fluctuation Reserve across multiple categories of banks, together with related amendments on capital adequacy and financial statement disclosures. The draft seeks to modify the existing instructions governing classification, valuation and operation of investment portfolios and the treatment of IFR under the applicable prudential framework. The proposed changes aim to address operational difficulties, align instructions across bank categories, dispense with the IFR requirement for certain banks, require compliance as on balance-sheet dates, and harmonise related instructions for regulatory clarity.
April 9, 2026
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Common Equity Tier 1 capital rules revised as quarterly profit recognition conditions for CRAR are proposed for removal.
Reserve Bank of India has issued draft amendment directions on the inclusion of quarterly profits in Common Equity Tier 1 capital for CRAR computation by commercial banks, small finance banks and payments banks. The draft proposes revisions to the prudential norms on capital adequacy and invites public comments. The existing rule for commercial banks permits quarterly recognition of current-year profits for CRAR calculation subject to a condition on incremental provisions for non-performing assets, and the proposed review removes that qualifying condition.
April 8, 2026
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Horticulture development roadmap targets export growth, stronger production, and better market linkages for Jammu and Kashmir crops.
Operation Golden Greens proposes a phased horticulture development roadmap for Jammu and Kashmir centred on five sub-missions for dry fruits, fresh fruits, vegetables, floriculture and minor crops. The plan seeks to raise production, improve quality, strengthen market linkages and expand exports of apple, walnut, almond and saffron through branding, irrigation support, storage and cold-chain infrastructure, grading, packaging, processing, CA storage and high-density plantations.
April 8, 2026
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Ceasefire-driven oil supply relief lifts global stocks as Strait of Hormuz disruption fears ease.
Global markets rallied and crude oil prices fell after a two-week ceasefire eased fears of disruption to shipping through the Strait of Hormuz and the flow of oil from the Persian Gulf. The article notes that uncertainty remained over whether maritime traffic would normalise and whether the truce would last, but the immediate effect was a sharp recovery in stocks, especially energy-sensitive sectors, and lower Treasury yields as inflation concerns eased.
April 8, 2026
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Money-laundering investigation leads to provisional attachment over alleged illegal nightclub operation and forged compliance documents.
Money-laundering investigation under the Prevention of Money Laundering Act concerned a Goa nightclub allegedly operated without mandatory statutory approvals, including the requisite fire no objection certificate and a valid trade licence. The Enforcement Directorate issued a provisional attachment of immovable assets valued at Rs 17.45 crore, stating that the properties were connected with the suspected illegal operation of the establishment and were situated in Goa. The agency alleged that forged documents were used to obtain licences and that revenue from the alleged illegal operation constituted proceeds of crime.
April 8, 2026
Show AI Summary
Rupee recovery and unchanged RBI policy reflect easing geopolitical stress, softer crude, and cautious monetary outlook.
The rupee appreciated against the US dollar after easing geopolitical tensions, a softer dollar index and lower crude oil sentiment. The Reserve Bank of India kept the key policy rate unchanged and maintained a neutral stance, assessing the impact of the West Asia conflict on energy supplies, inflation, growth and trade flows. It also projected higher crude oil prices and a weaker rupee for the next financial period.
April 8, 2026
Show AI Summary
Repo rate unchanged as geopolitical uncertainty eases and equity markets rally on lower crude prices.
Equity markets rallied sharply after a two-week US-Iran ceasefire, with broad gains across stocks, sectoral indices and market capitalisation. The surge was linked to lower crude prices, reduced geopolitical uncertainty and improved risk sentiment, with comments noting support for inflation, the current account deficit, the rupee and fiscal conditions. The Reserve Bank of India kept the benchmark repo rate unchanged at 5.25 per cent and maintained a neutral stance as policymakers assessed uncertainty from the West Asia conflict, including risks to energy supplies, inflation, growth, trade flows and currency stability.
April 8, 2026
Show AI Summary
Banking supervision review confirms no governance concern and no present need for regulatory changes.
Banking sector supervision includes review of board minutes and related records as part of regular oversight. The supervisory review disclosed no governance or conduct-related material issue, and the regulator stated that no change in guidelines is presently considered necessary, though further directions may be introduced if future circumstances require them. Reported fraud incidents were characterised as criminal activity involving colluding individuals, with no present indication of systemic risk or need for a regulatory tweak.
April 8, 2026
Show AI Summary
Battery industry transition toward higher-value lithium-ion, energy storage, and low-carbon manufacturing takes center stage at a major exhibition.
China's battery sector is described as shifting from scale toward higher-value lithium-ion products, power batteries, energy storage technologies, smart manufacturing, and lower-emission production. The 18th China International Battery Fair is presented as a major international exhibition covering batteries, materials, manufacturing equipment, system solutions, and recycling applications, with forums on advanced batteries, new energy storage, battery carbon-footprint management, and battery passport themes.
April 8, 2026
Show AI Summary
Rupee stability and high-growth reforms frame India's path to developed nation status amid global uncertainty.
The Indian Rupee is expected to stabilise around the 92-93 level against the US dollar, with pressure attributed to global geopolitical headwinds and foreign institutional investor withdrawals. Strong macroeconomic fundamentals, fiscal space, and a comfortable current account deficit are described as supporting currency resilience, while the Reserve Bank of India's decision to keep policy rates unchanged is characterised as appropriate in the prevailing environment.
April 8, 2026
Show AI Summary
Crude price correction and ceasefire-led sentiment drive a broad equity rally as the central bank holds policy steady.
Equity benchmark indices rallied sharply as global risk sentiment improved following a temporary US-Iran ceasefire, which triggered a steep correction in crude oil prices and eased concerns over inflation, growth and energy supply disruptions. Broad-based buying across sectors, stronger global markets and a firmer rupee supported the advance, while Indian volatility eased and sectoral indices, mid-cap stocks and small-cap stocks also moved higher. Brent crude fell sharply and Asian and European markets recorded strong gains, reflecting the wider recovery in market sentiment.

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News and Press Release

Flash Report on Central Sector Infrastructure Projects worth ₹150 crore and above

April 25, 2026

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PAIMANA Portal Tracks 1,941 Infrastructure Projects worth ₹41.50 lakh crore as of March 2026

The Ministry of Statistics and Programme Implementation (MoSPI) continues to strengthen monitoring of Central Sector infrastructure projects through its PAIMANA platform, enabling improved tracking, timely reviews, and data-driven decision-making across Ministries. The portal tracks 1,941 Infrastructure Projects worth of ₹41.50 lakh crore as of March 2026.

Key Highlights

  • As of March 2026, 1,941 ongoing infrastructure projects, with a total revised cost of ₹41.50 lakh crore, are being monitored across 17 Central Ministries/Departments. The cumulative expenditure incurred on these projects stands at ₹19.93 lakh crore, accounting for approximately 48.02 per cent of the revised project cost, indicating steady progress in project implementation.
  • A significant proportion of projects are at advanced stages, with 777 projects (~40%) achieving over 80% physical progress, while 261 (~13%) have crossed 80% financial completion. The data also reflects a balanced pipeline, with projects distributed across early and advanced stages of implementation.
  • The Transport & Logistics sector (as per the DEA’s Harmonized Master List) accounts for the highest number of ongoing projects (1428 projects), with revised estimates of ₹22.66 lakh crore underscoring priority to connectivity-driven infrastructure growth.
  • 1,941 ongoing infrastructure projects include 786 Mega projects (project cost of ₹1,000 crore & above) with an original cost of ₹30.48 lakh crore, and 1,155 Major projects (project cost below ₹1,000 crore and up to ₹150 crore) amounting to ₹5.41 lakh crore.
  • Physical and financial progress broadly move in tandem, with a large number of projects clustered at the initial (0–20%) and advanced (81–100%) stages, indicating a pipeline of newly-started projects alongside many nearing completions. While physical progress exceeds financial progress in the 81–100% range, financial progress is relatively higher in the early stages, reflecting upfront expenditure patterns in project implementation.

2.   Ministry/ Departments-wise progress of Infrastructure Projects

  • Ministry of Road Transport & Highways accounts for the highest number of projects, with 1120 projects (58%), and a share of total revised project cost of ₹10.61 lakh crore (26%), highlighting its central role in national infrastructure development.
  • Ministry of Railways is implementing 244 projects (13%), and also commands the largest share of total revised project cost at ₹8.37 lakh crore (20%).
  • Ministry of Coal accounts for implementing 127 projects (6%), with a total revised project cost of ₹2.46 lakh crore (6%).
  • The Ministry of Petroleum & Natural Gas, Ministry of Power, Ministry of Housing & Urban Affairs, and the Department of Water Resources, River Development & GR are implementing 108, 98, 53, and 49 projects, with associated revised costs of ₹5.11 lakh crore, ₹5.14 lakh crore, ₹3.6 lakh crore, and ₹2.26 lakh crore, respectively.
  • The remaining 142 projects (7%), with a total revised cost of ₹3.96 lakh crore (10%), are distributed across various Ministries/Departments including Higher Education, Civil Aviation, Steel, Telecommunications, Labour & Employment, Ports, Shipping & Waterways, Health & Family Welfare, Mines, DPIIT, and Sports. (Refer Annexure I)

3.   Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) Progress of Infrastructure Projects

  • Transport & Logistics remains the dominant sector, accounting for 55% of total revised cost (₹22.66 lakh crore) across 1,428 projects (73 % of the total Projects), underscoring the central role of Roads & Highways, Railways, Aviation, Urban Public Transport, Shipping, and Inland Waterways in economic integration and logistics efficiency.
  • The Energy sector follows with 26% of aggregated revised cost (₹10.79 lakh crore) across 212 projects, reflecting sustained emphasis on Oil & Gas infrastructure, electricity generation, transmission and distribution networks, and energy storage systems.
  • Communication infrastructure, with a revised cost of ₹2.73 lakh crore (7%) across 12 projects, represents targeted interventions aimed at strengthening digital connectivity.
  • Water & Sanitation projects account for ₹2.31 lakh crore (5%) across 71 projects, highlighting continued focus on essential urban services.
  • Social & Commercial infrastructure, comprising 73 projects with a revised cost of ₹0.79 lakh crore (2%), reflects selective investments in education, healthcare, real estate, and tourism, hospitality and wellness.
  • Projects classified under ‘Others’, amounting to ₹2.20 lakh crore (5%) across 145 projects, indicate diversification across sectors such as coal, steel, metals, and mining.

(Refer Annexure II)

4.   Completed Projects and New Additions

  • During March 2026, 25 projects were commissioned, including major assets in Road Transport & Highways, Petroleum & Natural Gas, Housing & Urban Affairs, Railways, Power, Ports, Shipping and Waterways, Telecommunications, Steel and Labour and Employment. Notable commissioned projects include the “Delhi-Ghaziabad-Meerut Regional Rapid Transit System [RRTS] corridor” (₹ 30,274 crore) from Ministry of Housing & Urban Affairs, and the “Tehri Pumped Storage Plant Project [4x250 MW] (₹ 8,339 crore) from Ministry of Power.
  • During March 2026, 12 additional projects from MoRTH were brought under the monitoring of PAIMANA.

5.    Next date of Press Release: Flash Report for the month of April 2026 would be released on 25th May 2026.

Note

  1. The press release summarizes highlights from the MoSPI’s Flash Report (March 2026) on Central Sector Infrastructure Projects (₹150 crore and above), available at https://www.ipm.mospi.gov.in/ or via the QR code.

 

  1. PAIMANA is a centralized web-based portal for monitoring of Central Sector Infrastructure Projects worth ₹150 crore and above. Operating on the "one data, one entry" principle, it integrates with DPIIT’s IPMP portal via APIs to automatically update more than 70% of project data from various Ministries/Departments. PAIMANA also serves as a national repository designed to standardize infrastructure monitoring and support informed decision-making for nation-building.

Annexure I

Ministry/ Departments-wise progress of Central Sector Infrastructure Projects

S. No

Ministry/ Department

Project Count

Revised Cost

(₹ Lakh cr.)

Cumulative Expenditure           (₹ Lakh cr.)

1

Ministry of Road Transport & Highways

1120

10.61

3.52

2

Ministry of Railways

244

8.37

5.69

3

Ministry of Coal

127

2.46

0.80

4

Ministry of Petroleum & Natural Gas

108

5.11

2.99

5

Ministry of Power

98

5.14

1.94

6

Ministry of Housing & Urban Affairs

53

3.60

1.98

7

Department of Water Resources, River Development & GR

49

2.26

1.61

8

Department of Higher Education

29

0.14

0.08

9

Ministry of Civil Aviation

26

0.23

0.11

10

Ministry of Health & Family Welfare

23

0.21

0.08

11

Ministry of Steel

19

0.23

0.10

12

Ministry of Labour and Employment

12

0.03

0.02

13

Department of Telecommunications

12

2.73

0.77

14

Ministry of Ports, Shipping and Waterways

11

0.22

0.15

15

Ministry of Mines

6

0.10

0.07

16

Department for Promotion of Industry & Internal Trade

3

0.05

0.01

17

Department of Sports

1

0.01

0.01

 

Total

1941

41.50

19.93

 

Annexure II

Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) progress of Central Sector Infrastructure Projects

S. No

HML Category

Project Count

Revised Cost      (₹ Lakh cr.)

Cumulative Expenditure      (₹ Lakh cr.)

1

Transport & Logistics

1428

22.66

11.28

2

Energy

212

10.79

5.21

3

Water & Sanitation

71

2.31

1.65

4

Communication

12

2.73

0.77

5

Social & Commercial

73

0.79

0.34

6

Others

145

2.21

0.67

 

Total

1941

41.50

19.93

 

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