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    FDI easing for foreign cos with up to 10 pc Chinese stake to be notified soon under FEMA soon
    SUPREME COURT HIGHLIGHTS
    Three arrested for running fake Aadhaar racket in UP'€™s Badaun
    Invest India Facilitates 60 Projects Worth Over USD 6.1 Billion in FY 2025–26, Generating Over 31,000 Jobs
    Agricultural and Processed Food Products Export Development Authority (APEDA) Signs 70-Year Lease Agreement for Basmati and Organic Training Centre in...
    National Asset Reconstruction Company Limited (NARCL) Strengthens India’s Stressed Asset Resolution Framework, Accelerates Recoveries in FY 2025–2...
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    Chhattisgarh CM launches upgraded Seva Setu portal to expand digital access to govt services
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    Our objective is to give houses to 22,000 homebuyers of ailing Unitech: SC
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April 30, 2026
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FDI automatic route rules are being eased for foreign companies with limited Chinese shareholding, alongside faster processing for key sectors.
Foreign companies with Chinese or Hong Kong shareholding of up to 10 per cent are to be permitted to invest in India under the automatic route in sectors where foreign direct investment is allowed, subject to notification under FEMA. The relaxed regime does not extend to entities registered in China, Hong Kong, or other land-border countries, and earlier mandatory government approval requirements are being revised accordingly. FDI proposals in specified manufacturing-related sectors are to be processed within 60 days, and older proposals under the earlier framework are being reviewed for possible investment on intimation basis.
April 30, 2026
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Reproductive rights and legal administration take centre stage as the Supreme Court flags pregnancy termination, airfare regulation, and tribunal delays.
The Supreme Court highlighted issues concerning reproductive rights, airfare regulation, mediation in a commercial dispute, court strikes, professional misconduct, and insolvency delays. It said a child cannot be forced to bear a pregnancy and urged amendment of the law to permit termination by rape survivors beyond 20 weeks, sought a Centre affidavit on airfare guidelines, appointed a sole mediator in a textile project dispute, and took note of delays and administrative concerns in judicial and quasi-judicial processes.
April 30, 2026
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Fake Aadhaar racket enforcement exposes organised identity document forgery and illegal preparation of forged documents.
Police action against an alleged fake Aadhaar and forged-document racket led to the arrest of three persons operating an illegal setup to prepare identity documents. The search resulted in recovery of a fingerprint scanner, laptops, a hard disk, a scanner, multiple Aadhaar cards and other suspicious documents, indicating organised misuse of identity-document systems. Interrogation suggested that the group had been engaged in preparing fake identity documents for some time and was using the activity to deceive people and earn unlawful gain.
April 30, 2026
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Investment facilitation and manufacturing confidence drive grounded projects, diversified inflows, and large-scale job creation across multiple states.
Invest India facilitated the grounding of 60 projects worth over USD 6.1 billion in Financial Year 2025-26, spanning 14 states and expected to generate more than 31,000 jobs. The investment inflow was led by Europe, with participation from the United States, Japan, South Korea, Australia, and other markets, while emerging source countries reflected diversification in the investment base. The facilitation model covers the full investment lifecycle, supports joint ventures, and builds integrated industrial ecosystems. Chemicals, pharmaceuticals and biotechnology, and food processing accounted for a major share of grounded investments, alongside activity in electronics system design and manufacturing, aerospace and defence, and auto/EV.
April 30, 2026
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Basmati farming training and AI-based crop survey initiatives expand capacity building, varietal assessment and export planning.
A 70-year lease arrangement has been concluded for the development of a Basmati & Organic Training Centre-cum-Demo Farm at Tanda Bijaisi, Pilibhit, involving APEDA, the Department of Agriculture and the Government of Uttar Pradesh. The proposed facility will support capacity building for Basmati and organic farmers and function as a resource centre for agricultural experts and students. India's first AI-based Basmati Paddy Survey project has also been launched for crop assessment, varietal identification, scientific advisory support and export planning.
April 30, 2026
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Stressed asset resolution gains pace as NARCL expands acquisitions and accelerates recoveries across large borrower accounts.
National Asset Reconstruction Company Limited (NARCL) has expanded its stressed asset resolution role by acquiring 33 borrower entities with aggregate debt exposure of Rs.1,65,862 crore and participating in resolution processes under the Insolvency and Bankruptcy Code. FY 2025-26 saw accelerated recoveries, with Rs.4,364 crore realised during the year and cumulative recoveries reaching Rs.6,345 crore across 23 accounts, while further recoveries remain underway.
April 30, 2026
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Industry-aligned online MCA programme adds Microsoft certifications and Internshala tie-up to boost employability and career readiness.
Chandigarh University Online has launched its Online MCA programme with embedded Microsoft certifications in AI, cloud computing, software development, data analytics and IT administration to improve employability and career readiness. The university has also partnered with Internshala to give students access to industry-relevant opportunities and practical exposure through internships, jobs, online trainings and placement courses.
April 30, 2026
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Workforce expansion in public sector banks aims to improve service delivery, financial inclusion, and operational capacity.
Public sector banks have been strengthened through calibrated human resource expansion, with recruitment aligned to manpower requirements and conducted through a centralised and standardised IBPS process intended to support transparency and efficiency. The staffing initiative has led to substantial year-on-year growth in selected candidates and is directed toward improving operational capacity, reducing workload pressures, enhancing customer service, supporting underserved areas, and advancing financial inclusion and credit outreach.
April 30, 2026
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LPG subsidy targeting tightens as households with PNG connections must surrender domestic gas links.
Government is identifying households with dual LPG and PNG connections under an order that bars PNG consumers from retaining or obtaining subsidised domestic LPG. Such consumers must surrender their domestic LPG connection, while government oil companies and distributors are prohibited from issuing new domestic LPG connections or supplying cylinder refills to them. The measure is aimed at curbing misuse, targeting subsidies better, and prioritising LPG supply for households without piped gas access.
April 30, 2026
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Resolution plan approval delays under insolvency law draw suo motu attention over backlog and tribunal capacity concerns.
Delay in approval of resolution plans by NCLT benches under the Insolvency and Bankruptcy Code has been taken up by the Supreme Court on a suo motu basis. The Court flagged shortage of manpower and infrastructure in the NCLT system and noted a large backlog of pending approval applications nationwide, with delays extending beyond 700 days. The matter was directed to be placed before the Chief Justice of India for assignment to an appropriate bench.
April 30, 2026
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Zero-rated exports under GST and IMEC momentum are strengthening Karnataka's trade prospects amid global disruptions.
The India-Middle East-Europe Economic Corridor is described as an alternative trade pathway to traditional maritime choke points amid geopolitical tensions, with the potential to improve connectivity and reduce freight and sailing-time costs. Exporters are also said to benefit from the GST regime because exports are treated as zero-rated supplies, allowing refund of input taxes. Recent measures have accelerated refund processing, reduced documentation and compliance costs, and eased working capital pressure.
April 30, 2026
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Oil supply independence may pressure prices as the UAE exits OPEC and alters market expectations.
The United Arab Emirates' withdrawal from OPEC and OPEC+ gives it independent control over production and exports, potentially increasing global oil supply outside collective quota agreements. The article explains that any price effect will depend on whether the UAE can raise exports despite shipping disruption through the Strait of Hormuz, and that markets may react immediately to expectations, speculation and uncertainty even before output changes occur.
April 30, 2026
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Export promotion strategy focuses on MSME support, market access, logistics and monitoring for the export target.
A review of the export promotion strategy focused on achieving India's USD 2 trillion export target by 2030-31 through a structured monitoring framework, inter-departmental coordination and IT-enabled tracking. The Export Promotion Mission was highlighted as a flagship MSME-focused initiative with two sub-schemes covering trade finance and market access, supported by operational components including credit support, testing and certification, warehousing, logistics and trade facilitation. The review emphasised ground-level delivery for exporters, especially MSMEs, agricultural exporters and first-time exporters, alongside stronger Brand India promotion.
April 30, 2026
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Insurance modernisation through digitalisation, customised products and wider outreach was emphasised to strengthen service delivery and growth.
Strategic review of the vision documents of four public sector insurance companies focused on improving operational efficiency, financial soundness, sustainable growth, human resource and IT strategies, and service delivery. The review emphasized reducing loss ratios, preserving market share, strengthening retail portfolios and rural and semi-urban presence, developing customised products for younger customers and emerging risks, and advancing full digitalisation. It also highlighted cybersecurity compliance, online insurance services, grievance redressal, prompt claims processing, and expansion of distribution networks through outreach and social media.
April 30, 2026
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Financial inclusion drive pushes banks to expand rural access, strengthen digital reach, and serve marginalised communities.
Public and private banks were reviewed on progress under financial inclusion schemes such as PMJDY, PMJJBY, PMSBY, APY and PMMY, along with related livelihood and welfare programmes. The review emphasised expansion of branches in unbanked villages, deployment of banking correspondents, resolution of infrastructure and connectivity issues, and strengthening of digital banking with assisted and vernacular support for last-mile access.
April 29, 2026
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Digital citizen services expand through Seva Setu with AI, WhatsApp access, multilingual support, and stronger service accountability.
Digital citizen service delivery under the Public Service Guarantee Act has been expanded through the upgraded Seva Setu e-District portal, designed to provide transparent, efficient, and more accessible government services through a single digital platform. The portal integrates artificial intelligence, Aadhaar-based e-KYC, DigiLocker, e-Pramaan, UMANG, WhatsApp, treasury and e-challan services, DBT linkage, QR-based verification, cloud storage, digital signatures, real-time dashboards, and MIS reporting, with availability in 22 Indian languages to reduce technical barriers and improve citizen access.
April 29, 2026
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Police custody extension in religious conversion and sexual harassment allegations involving TCS employees and suspected financial links.
Police custody of four TCS employees was extended in connection with allegations arising from the religious conversion of a male colleague, while investigators examined the money trail and suspected international links. The accused were also charged with sexual harassment and with acts alleged to insult or wound religious feelings under the Bharatiya Nyaya Sanhita. The matter was being heard in camera, and separate judicial custody proceedings were noted in respect of one female accused.
April 29, 2026
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Homebuyers' rights in stalled Unitech projects remain central as the court seeks an amicable resolution and faster completion.
The Supreme Court emphasised that the central objective in the Unitech proceedings was to secure delivery of homes to about 22,000 homebuyers and sought suggestions from the Centre-appointed board, banks, financial institutions, homebuyers and land-owning agencies for an amicable resolution. The background included earlier exemption from RERA registration to facilitate release of stalled homebuyer loans, management control being taken over by the Government, and authority given to the board to raise funds, monetise assets and complete housing units.
April 29, 2026
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Persons with benchmark disabilities: public sector financial institutions must strengthen reservation, equal opportunity, and grievance redress mechanisms.
Reservation for Persons with Benchmark Disabilities in direct recruitment and promotion is to be implemented by public sector banks, insurance companies and other public sector financial institutions in line with Government of India instructions. Public sector financial institutions are also advised to hold periodic meetings with PwD Employees Welfare Associations, appoint a Chief Liaison Officer or Liaison Officer, adopt an Equal Opportunity Policy with board approval, and establish a Grievance Redressal Officer for PwD employees.
April 29, 2026
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Supply-side shock from West Asia conflict heightens inflation risks, while India's domestic resilience and policy buffers provide partial insulation.
West Asia conflict is described as a supply-side shock that raises inflation, trade and financial-flow risks, while India's domestic demand, policy buffers and resilient financial system provide partial insulation. The report says energy and fertiliser supply uncertainty, a possible below-normal monsoon and a weaker rupee may intensify cost-push inflation, though banking-sector stability remains strong and the Reserve Bank of India is expected to maintain liquidity support. It also outlines trade measures, including the RELIEF scheme, Advance Authorisation reforms, maritime insurance arrangements and port-related facilitation.

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Indian Railways Embraces AI-Driven Workforce Verification System' 1.2 Million Employees

May 5, 2026

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India's largest employer begins deployment of offline facial verification and tamper-proof blockchain records across its 1.2 million-strong workforce, building on technology that cut ghost employee fraud by 90% in prior government deployments 5th May 2026 - Indian Railways has commenced the implementation of DRISHTI, an AI and blockchain-powered Smart Workforce Management System that uses facial recognition and tamper-proof digital records to verify worker attendance and prevent fraud, being rolled out across the railway network, beginning with operations in Prayagraj. The system, developed by ChainCode Consulting LLP in collaboration with Billions Network, the universal human and AI verification platform, and Aptos Foundation, can verify entire teams from a single group photograph, works without internet connectivity, and creates permanent, tamper-proof records of every attendance event. It is designed for both field and office personnel across Indian Railways' operations. Indian Railways is one of the world's largest employers, with more than 1.2 million personnel operating across 7,300 stations and 18 zones. The rollout begins in Prayagraj, with completion of the initial regional deployment expected within three months and expansion across the wider network to follow. Where previous government deployments of the same technology, eliminated ghost employee fraud by up to 90%, reduced payroll costs by 30-40%, and halved payment delays, the Indian Railways implementation brings those proven standards to a new, high-profile use case with the potential to set a global precedent for workforce governance at scale. Managing attendance verification across a workforce this large and geographically spread has historically been vulnerable to ghost employee fraud and administrative inefficiencies, challenges that DRISHTI is designed to address directly. The system works offline, a critical requirement for railway operations in remote and rural areas where internet connectivity is unreliable. It can identify multiple workers simultaneously from a single photograph and locks every record on the Aptos blockchain, making it impossible to alter after the fact. The platform also handles supervisor approvals, real-time reporting dashboards, task allocation, and leave management. "AI-driven smart solutions with blockchain security are key to good governance. By combining facial recognition with blockchain's permanent, traceable records, we eliminate major security risks and give organizations greater control over workforce data integrity," said Alok Gupta, Founder and CEO, ChainCode Consulting LLP. ChainCode Consulting has previously pioneered blockchain-based attendance and identity platforms for different India's Government Bodies and contributed digital verification infrastructure for MahaKumbh 2025, one of the world's largest gatherings. "Every worker in a system this vast deserves to be accurately identified and fairly compensated without that requiring handing over sensitive personal data. That's the problem we're solving: identity verification that works for people. What India is building here shows how the world's largest institutions can operate with both accountability and dignity," said Evin McMullen, CEO and Co-Founder of Billions Network. Billions provides the decentralized identity and reusable identity infrastructure underpinning DRISHTI, building on the company's proven track record in high-stakes verification, including joint proofs-of-concept with Deutsche Bank and HSBC for advanced KYC solutions. Ashwin Pampati, SVP and Head of Ecosystem at Aptos Foundation, added: “Reliable, high-performance blockchain infrastructure is essential for nation-scale public-sector systems like DRISHTI, where data integrity, security and auditability are non-negotiable. Aptos provides a strong blockchain foundation that supports exactly these requirements.” About Billions Billions.Network (formerly Polygon ID) is the leading human and AI verification platform, built on mobile-first verification to scale the internet of value globally. Created by the stewards of the world's leading zero-knowledge verification framework, Circom, Billions secures the work of major organizations and blockchain ecosystems serving over 150 million users globally. The platform provides privacy-preserving digital identity solutions that work across both Web2 and Web3 applications. For more information, visit https://billions.network. About ChainCode Consulting LLP ChainCode Consulting is a blockchain and AI technology firm specializing in enterprise-grade decentralized solutions for government and private sector clients. Founded in 2019, the company delivers secure, scalable identity verification, supply chain traceability, and blockchain infrastructure across industries including healthcare, financial services, and public administration. ChainCode has been recognized among Bangalore's Top 50 FinTech Companies and received the Blockchain Leader of the Year award at SmartTech Asia Innovation Awards 2025. For more information, visit https://www.chaincodeconsulting.com/. About Indian Railways Indian Railways is a statutory body under the Ministry of Railways, Government of India, and operates the country's national railway system. With more than 1.2 million employees, it is the world's ninth-largest employer and India's second-largest employer. For more information, visit https://indianrailways.gov.in. About Aptos Aptos is a Layer-1 blockchain designed for scalability, security, and sub-second transaction finality. Founded in 2021 by Avery Ching and Mo Shaikh, former leaders of Meta's Diem blockchain initiative, Aptos is built on the Move programming language, developed for secure smart contract execution. The network has processed over 4.4 billion transactions and has established strategic partnerships with BlackRock, Google, Mastercard, and Franklin Templeton. For more information, visit https://aptosnetwork.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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