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    From Salary to Savings: AU Small Finance Bank on Structuring Your Savings Account for the New Financial Year
    India’s Seafood Exports Hit All-Time High of ₹72,000 Crore.
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April 22, 2026
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Savings accounts drive disciplined financial planning through budgeting, automation, digital tools and interest rate optimisation.
Savings accounts are described as the starting point of financial planning for salaried individuals at the beginning of a new financial year, when income flows, bonuses and revised compensation structures are reassessed. The article emphasises structured budgeting through multiple accounts or buckets, greater use of digital savings accounts, and optimisation of savings account interest rates through balance management, bank comparison and tier-based structures. It also highlights automation, emergency funds and the growing tendency to review and switch to more efficient banking solutions.
April 22, 2026
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Seafood export diversification drives record marine earnings as frozen shrimp leads growth despite weaker shipments to the United States.
India's seafood exports reached an all-time high in FY 2025-26, driven primarily by frozen shrimp, which contributed the largest share of export earnings. While shipments to the United States declined amid reciprocal tariffs, stronger growth in China, the European Union and Southeast Asia supported diversification across markets. Additional momentum came from frozen fish, squid, cuttlefish, dried items, live products, surimi, fishmeal and fish oil, with major ports continuing to account for most export value.
April 21, 2026
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Workplace sexual harassment allegations and delayed FIR claims shape bail plea in the TCS Nashik case.
Bail application filed by an accused in an alleged workplace sexual harassment and religious sentiments case at TCS's Nashik unit. The accused denied disparaging remarks about religion, claimed the complaint arose from frustration or parental pressure, and argued that the FIR was delayed without adequate explanation. The allegations include sexual harassment, deceitful inducement, and outrage of religious feelings, with Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act provisions also invoked.
April 21, 2026
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Foreign exchange regulation eases as RBI partly rolls back non-deliverable forward curbs while the rupee weakens against the dollar.
The Reserve Bank's partial withdrawal of earlier curbs permits authorised dealers and banks to resume offering non-deliverable derivative contracts involving INR to resident and non-resident users, subject to restrictions on related-party transactions, while the USD 100-million cap on net open positions remains in force. The rupee also closed weaker against the US dollar amid a steady dollar, volatile crude prices, and geopolitical uncertainty.
April 21, 2026
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Delayed wages and labour unrest arise as garment workers protest salary arrears amid export pressure.
Delayed payment of salaries to garment factory workers led to a demonstration outside the plant, with employees alleging non-payment for recent months and severe hardship in meeting household expenses. The company acknowledged that salaries were due and attributed the disruption in garment exports to tariffs imposed by the United States and resulting financial pressure. Labour officials intervened and recorded an assurance that dues for the last two months would be settled, with further discussion proposed on salary irregularities and related worker issues.
April 21, 2026
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Political controversy over Kharge's "terrorist" remark highlights allegations of misuse of power and criticism of opposition language.
Political controversy arose over Congress president Mallikarjun Kharge's use of the word "terrorist" and his clarification that he meant the Prime Minister was "terrorising" political parties and people by misusing government machinery and central agencies. Union minister Annpurna Devi criticised the remark as a breach of political decorum, calling it evidence of frustration, intellectual bankruptcy and an anti-constitutional mindset.
April 21, 2026
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Income tax reform outreach promotes simplified procedures, transparency, and awareness for educational institutions and charitable trusts.
Promotional outreach on the newly introduced Income Tax Act, 2025 focused on financial literacy and awareness of provisions relevant to educational institutions and charitable trusts. The programme highlighted the Act's stated objective of simplifying procedures, reducing ambiguities, and promoting transparency through streamlined, technology-driven processes aligned with the Government's vision of Viksit Bharat 2047.
April 21, 2026
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Price stability and financial stability anchor RBI's growth framework, alongside digital inclusion, UPI expansion and CBDC innovation.
The Reserve Bank of India's role in supporting growth is explained through its core functions of price stability, financial stability and developmental support. The address highlights the Flexible Inflation Targeting framework, the need to manage uncertainty through robustness, gradualism, anchored inflation expectations, transparency and clear communication, and a data-dependent policy stance that looks through first-round supply shocks while preventing second-round inflationary effects. It also describes fiscal-monetary coordination, prudential regulation and developmental initiatives such as financial inclusion, UPI, the Unified Lending Interface and Central Bank Digital Currency.
April 21, 2026
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Customs cooperation and trade facilitation guide India-Bhutan discussions on border management, data exchange, and transit cargo movement.
Customs cooperation and trade facilitation between India and Bhutan were reviewed through the Joint Group of Customs framework, with attention to border management and cross-border movement of goods. The discussions covered coordinated border management, pre-arrival exchange of customs data, anti-smuggling enforcement, digitisation of customs processes, and transit cargo facilitation through the Electronic Cargo Tracking System, together with border infrastructure, harmonisation of procedures, and maritime enforcement briefings during the port visit.
April 21, 2026
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Delayed wages at a garment export unit spark worker protest over unpaid salaries and financial hardship.
Delayed salary payments at a garment export unit prompted a protest by more than a thousand workers, mostly women, outside the factory gate in Ranchi. The workers alleged non-payment of wages for prior months and complained of hardship caused by unpaid salary, while the company's HR management acknowledged that wages for the last two months were pending and said steps were being taken to clear the dues.
April 21, 2026
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Voluntary liquidation regulation reforms tighten claims handling, add termination safeguards, and shift procedural forms to circular-based notification.
Proposed amendments to the Voluntary Liquidation Process Regulations, 2017 revise claims handling, introduce a new termination mechanism, and move operational forms to Board circulars. The liquidator must record reasons for rejecting claims and communicate admission or rejection within seven days, while recourse against the decision is reframed as an approach to the Adjudicating Authority. A new Regulation 42 sets out termination safeguards, reporting requirements, seven-day intimation obligations, and the legal effect of termination on the liquidator's appointment and powers.
April 21, 2026
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Creditor-initiated insolvency resolution process: draft rules set approval thresholds, moratorium steps, and resolution plan procedures.
Introduces a proposed regulatory framework for the Creditor-Initiated Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, intended to facilitate faster, lower-cost restructuring with limited business disruption. The draft regulations set out the procedural architecture for initiation, commencement, conduct and closure-related matters, while relying on class notifications by the Central Government for eligible corporate debtors, initiating financial institutions and applicable thresholds and conditions. The initiation framework requires the applicant financial creditor to identify eligible financial creditors from information utility records or other available sources, convene a meeting, and obtain approval of at least fifty-one per cent in value of the debt owed to such creditors. The corporate debtor must be served notice of the intended initiation and may submit a written representation within thirty days; if the applicant continues, a further approval threshold applies.
April 21, 2026
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Firm and dispatchable renewable energy project commissioning advances with solar, wind and storage integration under demand-linked procurement.
Firm and dispatchable renewable energy (FDRE) project commissioning began for an integrated utility-scale renewable project combining solar, wind and battery storage under the Government of India's FDRE guidelines. The project is structured to deliver scheduled, demand-linked clean power through a single arrangement that aligns generation with distribution company demand profiles, and it is being commissioned through a tender-based power procurement framework supported by a power purchase arrangement and back-to-back power sale arrangements. The company also states that it is proposing an initial public issuance of equity shares, subject to statutory and regulatory requirements, approvals and market conditions, and that it has filed a draft red herring prospectus with the securities regulator and stock exchanges. The disclosure further notes that the offered equity shares are not registered under U.S. securities law, may not be publicly offered in the United States, and are intended to be sold only through exempt or offshore transaction structures, including to qualified institutional buyers in the United States.
April 21, 2026
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Battery innovation and green energy development take centre stage at CIBF 2026 in Shenzhen.
CIBF 2026, the 18th China International Battery Fair, is presented as a global platform for battery innovation, industrial cooperation and sustainable energy development. The fair will cover power batteries, energy storage systems, consumer batteries, advanced materials, intelligent manufacturing, recycling and circular economy technologies, and will include new product launch areas, business matchmaking zones and high-level forums on advanced battery technology, carbon footprint management, supply chain security and green recycling.
April 21, 2026
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India-Korea economic cooperation gains momentum as CEPA upgrade, industrial township and sectoral partnerships move forward.
India and the Republic of Korea have reaffirmed a commitment to expand bilateral economic engagement through a fast-track upgrade of the Comprehensive Economic Partnership Agreement, with focus on non-tariff barriers, rules of origin, market access and ease of doing business. The parties also highlighted the India-Korea Industrial Cooperation Committee, multiple MoUs, and a proposed Korea-specific industrial township in India to support investment and market entry. Priority sectors include semiconductors, electronics, advanced manufacturing, e-mobility, green energy, shipbuilding, digital trade and artificial intelligence.
April 21, 2026
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GST refund fraud through bogus ITC, dummy firms and fabricated export claims led to a major arrest at the airport.
GST refund fraud involving fraudulent availment and encashment of Input Tax Credit through bogus purchases, dummy entities and fabricated export claims. The alleged network used non-functional firms, borrowed KYC documents, fake invoices, layered paper transactions and centrally managed GST registration, invoicing, banking, return filing and refund claims to accumulate ineligible ITC in projected exporter entities. The scheme also involved misdeclaration of low-value tobacco products as high-value exports at inflated values, with no genuine manufacturing infrastructure, doubtful e-way bills, fabricated transport documents and circular fund movement. The matter further records alleged inflation of export turnover to divert bank funds and references related proceedings involving the persons concerned.
April 21, 2026
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Corporate restructuring approved for Vishakha group businesses through amalgamation, slump sale transfer, and merger of renewables operations.
The Competition Commission of India approved a proposed combination involving the restructuring of Vishakha Renewables Private Limited's renewables business and its merger with Vishakha Glass Private Limited. The combination includes transfer of the pipes division and mouldings division to Progressive Pipes Private Limited on a slump sale basis, amalgamation of Vishakha Renewables 1 Private Limited, Vishakha Metals Private Limited and Vishakha Metals 1 Private Limited into Vishakha Renewables Private Limited, and merger of Vishakha Renewables Private Limited into Vishakha Glass Private Limited as the merged entity.
April 20, 2026
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Bilateral trade agreement talks advance as India seeks preferential market access and tariff reductions with the US.
India and the US are negotiating finer details of a bilateral trade agreement after the US Supreme Court's decision against sweeping reciprocal tariffs imposed under the International Emergency Economic Powers Act. The framework already announced contemplates preferential access to the US market for India and tariff reductions on Indian goods, including removal of the tariff linked to Russian oil purchases and a further reduction in the remaining tariff burden, as both sides work toward expanded bilateral trade.
April 20, 2026
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Infrastructure and power-supply works launched ahead of Godavari Pushkaralu, alongside tariff reduction and rooftop solar support.
Development works worth nearly Rs 500 crore were launched in East Godavari district in the run-up to Godavari Pushkaralu, with electrical infrastructure and power-supply arrangements prioritised for the pilgrimage. The account also notes statewide power-sector works, including transmission infrastructure, substations, underground cabling, and a renewable energy scheme providing free rooftop solar systems to SC and ST households.
April 20, 2026
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Bank fraud allegations over misuse of credit facilities and shell transactions lead to arrests of senior Reliance Communications executives.
Allegations of bank fraud concerning Reliance Communications involve misuse of credit facilities, discounted Letters of Credit and circuitous transactions through shell entities, causing loss to multiple banks and financial institutions. The CBI attributes key roles to senior RCOM functionaries handling finance, banking operations and fund utilisation, while the company states it has been under Corporate Insolvency Resolution Process since 2019 under the Insolvency and Bankruptcy Code.

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Customs, DGFT & SEZ

Union Minister of Commerce and Industry Shri Piyush Goyal Announces 3-Year Fee Waiver for Sports-Related IP Registrations on World IP Day

April 29, 2026

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Shri Piyush Goyal Felicitates J&K Ranji Team for Breakthrough Victory Over Eight-Time Champions Karnataka

Shri Piyush Goyal Highlights GI-Tagged Kashmir Willow Bat as Symbol of India’s Craftsmanship and IP Strength, Urges Global Promotion

Shri Piyush Goyal Calls for Converting Ideas into IP Assets, Underscores Sports Growth

Shri Piyush Goyal Cites India–New Zealand FTA, Calls for ‘Innovate, Patent, Produce, Prosper’ to Leverage Global Opportunities

Shri Piyush Goyal Launches Viksit Bharat Digital Matrix 2026 Design Hackathon on Smart Wearables to Boost IP-Driven Innovation

Shri Piyush Goyal Advocates Sports Manufacturing Clusters, Boost to Domestic Production and CSR-Led Infrastructure Development

Union Minister of Commerce and Industry Shri Piyush Goyal today announced that all intellectual property (IP) registrations related to sports—including trademarks, copyrights, patents, designs, traditional knowledge, and geographical indications—will be exempt from fees for a period of three years, effective immediately. . The announcement was made while addressing the World Intellectual Property Day celebrations in New Delhi, themed “IP and Sports: Ready, Set, Innovate!”.

The waiver, announced as a special drive to promote innovation in the sports ecosystem, will apply across all categories of IP. The Minister also directed that a notification be issued with immediate effect and highlighted that, in addition to the fee exemption, the government will extend facilitation support under existing schemes to assist innovators, students, artisans, and stakeholders in filing and securing IP rights, thereby easing their journey into the IP ecosystem.

The valedictory session of the programme featured the felicitation of the Jammu and Kashmir Ranji Trophy team by Shri Piyush Goyal for their historic performance. The team was honoured for securing a landmark victory after 67 years, including a notable win against an eight-time champion team, Karnataka. The achievement was highlighted as a moment of pride, reflecting the growing sporting potential of Jammu and Kashmir and serving as an inspiration for young athletes across the region.

The Minister noted that the development comes in the backdrop of sustained efforts by the Government to promote sports and create new opportunities in Jammu and Kashmir. He highlighted that increasing investments in infrastructure, coupled with expanding avenues in tourism and industry, are enabling greater participation of youth in diverse fields, including sports. The victory was described as a signal of renewed confidence and opportunity, with young athletes from the region expected to excel at national and international levels in the years ahead.

The Minister underscored the importance of the Kashmir willow cricket bat, noting that it represents India’s craftsmanship and IP strength. He highlighted that it is among the first and possibly the only sports-related product from India to have received a Geographical Indication (GI) tag, and emphasized the need to promote its manufacturing within Jammu and Kashmir to enhance its global presence.

The Minister called for the development of sports manufacturing clusters in regions such as Jammu and Kashmir, along with Meerut, highlighting their potential to emerge as key hubs in the sports goods sector. He stressed the need to significantly boost domestic production of sports goods, including bats, balls, hockey equipment, training aids, and gym equipment, to strengthen indigenous manufacturing capabilities and support local value chains.

Focusing on Jammu and Kashmir, the Minister underlined the opportunity to leverage regional strengths to develop specialised manufacturing ecosystems, particularly in sports goods, which can enhance local livelihoods and position the region more prominently in national and global markets. He also encouraged innovation in sports formats and suggested that such innovations should be examined for appropriate intellectual property protection to ensure value creation and support the broader innovation-led growth of the sports sector

The Minister urged innovators, students, and stakeholders to convert every new idea into an IP asset at the earliest and seek registration to secure ownership and value. He also highlighted the availability of government support mechanisms to assist applicants in the IP registration process.

Highlighting the economic potential of sports, Shri Goyal noted the significant growth in valuation of franchise-based cricket teams over the past 18 years, reflecting the transformational journey of sports driven by innovation and commercialization.

Referring to recent developments, Shri Goyal mentioned the signing of the India–New Zealand Free Trade Agreement and noted that both countries are also celebrating 100 years of sporting ties.

Reiterating the Government’s vision, the Minister highlighted the guiding principle of “innovate, patent, produce and prosper,” encouraging stakeholders to develop ideas, secure IP rights, scale production, and access global markets. He noted that India’s expanding network of Free Trade Agreements is opening new opportunities for Indian innovators.

In a major step towards advancing innovation at the intersection of technology, design, and intellectual property, Shri Piyush Goyal also formally launched the Viksit Bharat Digital Matrix 2026 – Design Hackathon today. Organised by DPIIT in collaboration with IIT Delhi, the six-month immersive hackathon is centred on the theme of smart wearables, focusing on the development of next-generation solutions aimed at enhancing everyday living, performance, and holistic wellness.

The initiative underscores the growing convergence of advanced technology and user-centric design, encouraging participants to develop smart wearable prototypes that are both functionally sophisticated and aesthetically refined for everyday use. By promoting innovations that can be protected through patents and design rights, the hackathon reinforces India’s commitment to an IP-driven innovation ecosystem and enables young innovators to translate creative ideas into practical, real-world applications.

The Minister also highlighted India’s expanding sporting ambitions, including the inclusion of cricket in the Olympics and India’s bid to host the 2036 Olympic Games. He encouraged greater participation of youth, including from Jammu and Kashmir, in international sporting platforms.

Emphasizing that sports is both a tool for physical well-being and an important economic activity, the Minister highlighted the growing scale of sports viewership and its economic dimensions. He also noted the rapid adoption of new sports and formats in India.

Referring to the Sports Policy 2025, Shri Goyal highlighted efforts to strengthen sports infrastructure, promote sports at the school level, and ensure equal opportunities for youth across the country. He also cited past initiatives, including the establishment of a sports academy in Ranchi to nurture talent from tribal communities.

He urged greater utilisation of Corporate Social Responsibility (CSR) funds for sports development, including the creation of open gym facilities across the country and expansion of infrastructure to remote areas.

Cautioning sportspersons and influencers, Shri Goyal advised responsible endorsement practices, particularly in areas such as nutrition and supplements, to avoid misleading advertising.

The programme also incorporated interactive elements, including a sports IP quiz, a workshop on sports advertising and endorsements, and an interactive forum on the “Future of IP & Sports” with participation from international IP offices. The Sports Innovation Arena showcased advancements in sports technology, manufacturing, and esports.

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