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    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
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    Unlimit Mobile Ties Up with ICICI Bank Canada, RBC Royal Bank to Add Mobile Connectivity Benefits to Student GIC Journey
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August 13, 2026
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Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
August 13, 2026
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Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
August 13, 2026
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GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
August 13, 2026
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Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
August 13, 2026
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Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
August 13, 2026
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Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
August 13, 2026
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Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
August 13, 2026
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Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
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.

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India’s intelligent living market signals growth as Smart Home Expo 2026 opens today

April 28, 2026

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28th April 2026, Mumbai, Maharashtra: Smart Home Expo 2026 organised by Messe Frankfurt Trade Fairs India and World Media & Expo LLP opened today at the Jio World Convention Centre, reflecting the growing depth and maturity of India’s smart living ecosystem. Demand is being driven across the value chain from real estate developers integrating automation and energy-efficient systems offering security and comfort into new projects, to architects and interior designers prioritising seamless, design-led technology and consumers increasingly seeking connected, secure and experience-driven homes. At the same time, as India advances towards smarter infrastructure and manufacturing capabilities, the market is opening significant opportunities for both domestic production and global collaborations. The show was inaugurated in the presence of distinguished dignitaries, which included: • CHIEF GUEST - Mr Jimmy Mistry, Chairman, Della Group who noted: • Ar Jignesh Modi, President, Indian Institute of Interior Design (IIID) & Principal Architect at Jignesh Modi & Associates • Ms Wendy Griffiths, Senior Vice President Membership & Global Development at (CEDIA) Custom Electronic Design and Installation Association • Mr Ketan Sheth, Chairperson, Indian Institute of Interior Design, Mumbai Chapter (IIID) & Founder of Goldmine Project Consultant • Mr Pushkar Gokhale, Executive Vice President & Business Head, Godrej Enterprises Group • Ms Himani Gupta, Associate Vice President (AVP), Havells India • Mr Sumant Bhatia, General Manager, Havells India • Mr Richard O’Carroll, Senior Professional Commercial Manager APAC, Sonos • Mr Luv Malik, Partner, Luxury Personified • Mr Sandeep Singh, Director, Smart Home Expo • Mr Vinayak Paradkar, Director, Smart Home Expo • Mr Johannes Möller, Group Show Director - Building Technologies Shows, Messe Frankfurt GmbH • Mr Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings Ltd • Mr Winston Pereira, Executive Director, Messe Frankfurt Trade Fairs India Pvt Ltd Speaking at the inauguration, Chief Guest Mr Jimmy Mistry, Chairman, Della Group, noted: “Technology and automation are interwoven for human-centric design, and what is today’s luxury is going to be tomorrow’s necessity. This is only the beginning, with mass adoption of automation now reaching rural India. India is very good at leapfrogging, and no manufacturers can afford to overlook India as we move rapidly at scale. Smart Home Expo is far bigger than imagined and is only going to grow exponentially. It is unfair to judge it by footfalls, as the transactions that will happen through this be far more significant. I think this industry is poised for 20%–25% YoY growth and will continue to scale ahead.” Commenting on the opening, Mr Sandeep Singh, Director, Smart Home Expo, shared: Smart Home Expo has evolved into a comprehensive platform that reflects how technology, design and user experience are converging in the smart living space. The strong industry participation this year underscores the growing demand for integrated, future-ready solutions in India.” Adding to this Mr Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings Ltd, noted: “India represents one of the fastest-growing markets for smart home technologies globally, driven by rapid urbanisation and digital adoption. Smart Home Expo 2026 highlights this momentum by bringing together global innovation and domestic expertise under one roof.” The convergence of the industry where integrated automation systems, intelligent lighting, immersive AV and smart security solutions highlight the shift towards fully connected, future ready living environments. Bringing together 450+ brands and over 8,000 products, the expo highlights the rapid evolution of India’s smart living ecosystem across home automation, lighting, security and high-end audio-visual solutions. Participation from global markets such as Belgium, China, Germany, United Kingdom, the United States of America, Switzerland and Turkey further underscores India’s growing importance as a high-growth destination for smart home technologies. The show floor features a wide spectrum of innovations – from integrated control systems and KNX-based automation to immersive AV experiences, intelligent lighting and energy management solutions. A key focus this year is the shift towards seamless, design-led and invisible technology, where smart systems are embedded into the architecture of homes, enhancing comfort, efficiency and user experience without compromising aesthetics. The show also features dedicated experience zones, including the KNX-pavilion and AV demo rooms, allowing visitors to engage with real -world applications of smart living – cinematic home theatres to fully automated living environments. Supported by leading industry bodies such as the CEDIA and Indian institute of Interior Designers, Smart Home Expo 2026 continues to serve as a vital platform for knowledge exchange, collaboration and business opportunities across the architecture, interior design and technology communities. With a strong lineup of partners and curated showcase of next-generation products, the 2026 edition sets the tone for the future of connected living in India, where innovation, design and functionality come together to shape smarter homes. Press information and photographic material https://smarthomeexpo.in.messefrankfurt.com/mumbai/en.html Press Contacts Messe Frankfurt Trade Fairs India Pvt Ltd Viral P Sanghvi | Manager – PR & Corporate Communications +91 9930837978 | [email protected] Background information on Messe Frankfurt www.messefrankfurt.com/background-information Sustainability at Messe Frankfurt www.messefrankfurt.com/sustainability-information About World Media and Expo LLP Founded in 2017 by seasoned professionals with a wealth of experience in the exhibitions and publishing sector, World Media and Expo LLP has rapidly grown to become a prominent player in the industry. Specialising in organising international B2B trade fairs and publishing technology magazines, the company is based in Mumbai, India. WME's diverse exhibition portfolio encompasses events in the following categories - Smart Home technology, Electric Vehicles, Office solutions and Cosmetic Ingredients, providing valuable platforms for industry stakeholders to connect and collaborate. For more information, please visit our website at: https://www.worldmediaexpo.com (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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