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    Rupee weakens by 52 paise to settle at 93.35 against US dollar
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April 13, 2026
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Rupee weakness amid West Asia tensions, higher crude prices, and dollar strength pressures near-term currency recovery.
The rupee weakened against the US dollar amid heightened global risk aversion following failed US-Iran peace talks, rising crude oil prices, concerns over the Strait of Hormuz, and a stronger greenback. Market participants linked the depreciation to foreign capital outflows from domestic equities and a weak near-term currency bias within a defined trading range. The report also records a sharp rise in foreign exchange reserves and notes that prolonged West Asia conflict could affect India through higher energy prices, trade disruptions, and weaker remittances.
April 13, 2026
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Workplace harassment and coercion allegations trigger internal inquiry, employee suspensions, and a stated zero-tolerance policy.
Allegations of sexual harassment and forced religious conversion at a workplace prompted an internal investigation under a senior executive. The company said the matter is being treated with utmost seriousness, accused employees have already faced action, staff members have been suspended, and it is cooperating fully with the ongoing police inquiry under a zero-tolerance policy toward harassment and coercion.
April 13, 2026
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Pan-vascular interventional robotics advances remote thrombectomy with haptic control, multi-device coordination and sub-millimeter precision.
PANVIS STAR is described as a next-generation pan-vascular interventional robotic system designed for neurovascular, cardiovascular, peripheral vascular and oncological procedures, with emphasis on mechanical thrombectomy for large vessel occlusion and ischemic stroke. The system combines remote operation, multi-device coordination, force detection, haptic feedback and sub-millimeter motion precision to support complex interventional workflows. It also includes fingertip control, dedicated device channels, tremor filtering, a compact catheter design and long-distance remote surgery capability over 5G networks.
April 13, 2026
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Artificial intelligence in finance must stay human, accountable, and inclusive while improving efficiency, trust, and risk management.
Artificial intelligence in finance can improve customer service, credit delivery, fraud detection, risk management, and compliance, but its use must remain anchored in human accountability, fairness, explainability, strong data governance, institutional capacity, and inclusion. The text warns that bias, opacity, privacy misuse, model risk, and cyber risk can arise if safeguards are weak. It emphasises that financial institutions must not outsource responsibility to algorithms or vendors, and that AI should make finance more intelligent without making it less human or less accountable.
April 13, 2026
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NBFC Upper Layer identification shifts to asset-size criteria, with government-owned NBFCs proposed for inclusion.
The Reserve Bank has proposed amendment directions to revise the methodology for identification of NBFCs in the Upper Layer under the Scale Based Regulatory framework and to align the framework with a more transparent asset-size based criterion. The existing two-pronged approach of top ten eligible NBFCs by asset size and parametric scoring is proposed to be replaced by a single threshold of asset size, presently indicated as Rs. 1,00,000 crore and above, for determining NBFC-UL status. The proposed changes also seek to bring eligible Government-owned NBFCs into consideration for inclusion in the NBFC-UL list on the basis of the revised criteria, reflecting an ownership-neutral regulatory approach.
April 13, 2026
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Special Economic Zone exports rise despite tariff pressures and West Asia conflict, led by pharmaceuticals and overseas demand.
Exports from the Indore Special Economic Zone rose by nearly 10.50 per cent to Rs 14,302 crore in financial year 2025-26, despite concerns over US tariff policies and the West Asia conflict. Pharmaceuticals formed about 70 per cent of the export basket, with the US among the main markets. The zone contains units across pharmaceuticals, packaging materials, engineering, textiles and food processing in the Pithampur industrial area near Indore.
April 13, 2026
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Rupee depreciation under global risk aversion as crude oil prices, dollar strength and capital outflows pressure the currency.
The rupee weakened sharply against the US dollar amid global risk aversion, higher crude oil prices, a stronger dollar and concerns over the blockade of Iranian ports and the Strait of Hormuz. Analysts linked the depreciation to foreign capital withdrawal from domestic equities and continued pressure from elevated oil prices and foreign institutional selling. India's forex reserves also rose in the latest reporting week, while the Asian Development Bank warned that prolonged conflict in West Asia could affect growth through higher energy costs, disrupted trade flows and weaker remittances.
April 13, 2026
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Non-Banking Financial Company disclosure highlights RBI registration, deposit-taking activity, lending business, and credit ratings.
Bajaj Finance Ltd. is described as a deposit-taking Non-Banking Financial Company registered with the Reserve Bank of India and classified as an NBFC-Investment and Credit Company. Its stated business includes lending and acceptance of deposits, with a diversified portfolio across retail, SME and commercial customers, together with public and corporate deposit-taking and a range of financial services products. The text also refers to credit ratings assigned to the company and its fixed deposit programme.
April 13, 2026
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CREST accreditation and cybersecurity compliance standards shape DigiFortex's regulated enterprise testing, privacy, and governance services.
Cybersecurity and digital risk assurance services are framed around independent accreditation and certification standards for regulated markets. DigiFortex states that it achieved CREST accreditation for penetration testing, alongside CERT-In empanelment and ISO 27001:2022 certification, with CREST requiring independent audit of technical methodology, governance, information security management, and staff competence. The release links these standards to regulated enterprises and financial regulators across multiple jurisdictions and describes services spanning penetration testing, red teaming, virtual CISO support, privacy advisory, governance, risk and compliance, managed security, and cloud-native application protection.
April 13, 2026
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Supply chain continuity takes centre stage as India and Saudi Arabia push bilateral trade and India-GCC FTA progress.
India and Saudi Arabia reaffirmed the primacy of supply chain continuity and coordinated efforts to address disruptions caused by conflict in West Asia. The two sides noted the strain on regional trade flows and emphasised early recovery through joint measures. The discussion also reaffirmed commitment to strengthening bilateral trade and expressed optimism for early progress in the India-GCC free trade agreement negotiations.
April 13, 2026
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Crop diversification and nutritional security guide advisory on state bonus policies for pulses, oilseeds and millets.
The Department of Expenditure issued a D.O. letter advising States, and not directing them, to align bonus policy so as to promote pulses, oilseeds and millets in line with nutritional security, Aatmanirbharta and sustainable agriculture. The communication links state bonuses over and above Minimum Support Price for wheat and paddy with crop concentration, reduced acreage under pulses, oilseeds and millets, and higher import dependence, and states that the policy objective is crop diversification, reduced monoculture, and strengthened long-term food and crop security.
April 13, 2026
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Fiscal deficit reporting shows Telangana's budget gap widening, with receipts and own revenues lagging behind estimates.
Telangana's fiscal position was reported to show a fiscal deficit of over Rs 77,000 crore at the end of February in the last financial year, exceeding the revised estimate of Rs 56,000 crore and amounting to 143 per cent of the budgeted estimate of Rs 54,000 crore. Total receipts up to February were placed at Rs 2.32 lakh crore against revised estimates of Rs 2.82 lakh crore, while the State's own revenues from tax and non-tax sources stood at Rs 1.39 lakh crore against revised estimates of Rs 2.04 lakh crore.
April 13, 2026
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Rupee depreciation amid higher crude prices and geopolitical tensions pressures the foreign exchange market and equities.
The rupee depreciated in early trade against the US dollar amid higher crude oil prices, a stronger dollar, geopolitical tension in West Asia, and foreign fund outflows from domestic equities. The report also noted movement in domestic equity indices, an increase in India's forex reserves, and the Asian Development Bank's view that prolonged Middle East conflict could affect India through higher energy costs, trade disruption, and weaker remittances.
April 12, 2026
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LPG and PNG supply measures expand domestic fuel access as India responds to West Asia disruption.
India has increased supply of smaller 5-kg LPG cylinders and accelerated PNG connections to manage fuel availability amid West Asia disruption. The response prioritises domestic household LPG, expands market-priced cylinders for users without subsidised connections, restores commercial LPG availability through targeted allocations, and directs natural gas toward household PNG, CNG transport and fertiliser plants. The broader supply strategy also includes higher domestic production, strong refinery utilisation, excise duty cuts on petrol and diesel, and higher export levies on diesel and aviation turbine fuel.
April 12, 2026
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Export disruptions from the West Asia crisis are raising freight, input and gas costs for Ludhiana manufacturing units.
Export-oriented manufacturing units in Ludhiana are facing labour shortages, inadequate gas supply, rising input costs and logistics bottlenecks from the West Asia crisis, affecting production and exports. Handtool, basmati rice, ecotech and garment units report higher freight, insurance and raw material costs, shipment delays and reduced access to Middle Eastern markets, while some are using alternate fuels and seeking government support for worker housing.
April 12, 2026
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Forged identities and interstate logistics exposed a Lashkar-e-Taiba network aiding terrorist movement and concealment across multiple states.
Inter-state logistical support to a Lashkar-e-Taiba module was uncovered through the use of forged identities, including Aadhaar, PAN cards, voter cards and passports, to facilitate terrorist movement and concealment across several states. The investigation led to arrests of local associates and foreign terrorists, along with the seizure of weapons, ammunition, electronic devices and other incriminating material from hideouts in and around Srinagar and other locations.
April 11, 2026
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Windfall tax on diesel and aviation fuel rises to curb export gains and support domestic supply.
Export duty, described as a windfall tax, was increased immediately on diesel and aviation turbine fuel to raise domestic availability of these fuels and prevent exporters from benefiting from widened global price differences during the West Asia conflict. The duty on petrol remained nil. The revised duty structure replaced earlier lower rates imposed on diesel and ATF, with the new rates taking effect at once under the finance ministry notification.
April 11, 2026
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Fisheries exports grow through market diversification after tariff pressure, with new overseas demand supporting a higher export target.
Fisheries exports increased after US tariff measures as exporters and officials expanded sales into new overseas markets. The growth is linked to diversification into Europe, Latin America, the Middle East and Asia, with prawns, tuna and other fish varieties among the principal exports. The government has also set a higher medium-term export target and is supporting the sector through ministry-level market outreach and other initiatives to strengthen fisheries, animal husbandry and dairy development.
April 11, 2026
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Drug trafficking crackdown expands with asset seizure, document cancellation, account freezes, and swift enforcement measures.
Asset confiscation, attachment of property, freezing of bank accounts, and cancellation of identity and travel documents were announced as part of a crackdown on drug trafficking. New standard operating procedures authorise revocation of passports, driving licences, Aadhaar numbers and arms licences, immediate issuance of a Look Out Circular for absconding offenders, and financial investigations against traffickers.
April 11, 2026
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Aadhaar identity update restores Ladakh's distinct regional record and removes individual correction hurdles for residents.
Aadhaar records of Ladakh residents were centrally updated to replace the earlier "Jammu and Kashmir" entry in the State field with "Ladakh", reflecting the Union territory's post-reorganisation identity in official records. The updation mechanism was implemented without requiring individual residents to visit Aadhaar centres, using Ladakh-specific PIN codes verified with the Department of Posts and shared with UIDAI for central processing. Residents can download updated e-Aadhaar from the UIDAI portal and order a PVC Aadhaar card online if desired.

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PMLA / Black Money

ED action against Sanjeev Arora politically motivated, attack on Punjabi pride: AAP

May 9, 2026

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Chandigarh, May 9 (PTI) The Aam Aadmi Party (AAP) on Saturday termed the Enforcement Directorate (ED) raid at minister Sanjeev Arora's residence here and his subsequent arrest as a politically motivated act.

The AAP strongly condemned the BJP-led central government, alleging that whenever the BJP feels it is losing political ground in elections, it conspires to suppress the opposition's voice by unleashing investigative agencies against them. They claimed that the action against Sanjeev Arora is part of a broader agenda of political vendetta.

The Enforcement Directorate on Saturday arrested Punjab industries minister Sanjeev Arora following raids in connection with an alleged Rs 100 crore GST fraud-related money laundering case involving certain entities linked to him, officials said.

According to officials, Arora (62) was taken into custody under the Prevention of Money Laundering Act (PMLA) following early morning raids at his official residence in Chandigarh's Sector 2.

After his arrest, the process to bring him to Delhi commenced. Arora was taken in a vehicle, which was among a cavalcade of vehicles that left his residence here following his arrest. He will be brought to Delhi, where the case is registered, and the agency will seek his remand for custodial interrogation, officials said.

Punjab's Health Minister Balbir Singh alleged that 20 vehicles were mobilised for the raid, suggesting the level of resources used was excessive, as if Arora were a "terrorist." Punjab's Finance Minister Harpal Singh Cheema stated, "Just as the BJP misused the machinery of ED, CBI and other central agencies in West Bengal and other states to manipulate elections and form governments, the same dirty game is now being played in Punjab. This is not merely a raid on Sanjeev Arora, but an attack on Punjab and the pride of three crore Punjabis. Frustrated by its repeated failures, the BJP is attacking Punjab through central agencies." Questioning the role of central agencies, Cheema said, "BJP's sole agenda is to eliminate opposition parties from the country.

"Earlier (AAP leader) Aman Arora was targeted, and now ED has once again been used against Sanjeev Arora. Intoxicated with power, the BJP is misusing constitutional institutions to intimidate opposition leaders so that no one dares to raise their voice against it." Cheema further added, "BJP's actions are part of a deep conspiracy to destroy the Constitution framed by Babasaheb Dr B R Ambedkar. BJP is directly attacking the Constitution, something that the Aam Aadmi Party and the people of Punjab will never allow to succeed. The people of Punjab fully understand the BJP's malicious intentions. The three crore people of Punjab stand united. No matter how hard the BJP tries, it will continue to face crushing defeats on Punjab's soil. We will strongly oppose this dictatorship and will never bow down." Minister and AAP state chief Aman Arora stated, "BJP is making desperate attempts to establish political ground in Punjab by misusing central agencies. Astonishingly, this is the third raid at Sanjeev Arora's residence within a year and the second within just ten days. These raids are not about investigation but are merely politics of intimidation. BJP's only objective is to scare and defame Aam Aadmi Party leaders." Targeting the Central Government, he said, the BJP and its agencies should not remain under any misconception as Punjab is the "land of Gurus and martyrs".

"If even Aurangzeb could not crush its spirit, how can the BJP do so? This is the land of Shaheed-e-Azam Bhagat Singh and Udham Singh, whom even the British could not bend. The people of Punjab are watching everything and will give a befitting reply to this dictatorship at the right time," he said. Minister Hardeep Singh Mundian also accused the BJP of using central agencies as a shield for its dirty politics, asserting that "the revolutionary land of Punjab will never accept this." AAP leaders questioned the repeated raids, pointing out that the ED has conducted raids at Sanjeev Arora's residence three times within a year and twice in a month, with nothing recovered despite the repeated actions. This, they argue, proves that the raids are not aimed at investigating corruption but at harassing the honest members of the Aam Aadmi Party. Hitting out at the BJP, they said their only mantra is either join the BJP or prepare to go to jail. They emphasised that no matter how many raids the BJP conducts, they will not bow down. "BJP's conspiracies will never be allowed to succeed in Punjab", they said.

AAP leaders affirmed their loyalty, stating they are "dedicated soldiers of Arvind Kejriwal and Chief Minister Bhagwant Mann and will give a fitting reply to the BJP's dictatorship." PTI SUN MPL MPL

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