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September 3, 2026
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Money laundering investigation examines alleged diversion of bank loans from a power project to group entities and personal use.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
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Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
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September 3, 2026
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Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
September 3, 2026
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Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
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Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
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Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
GIFT-IFSC's IBUs mobilised foreign-currency liquidity under the RBI's FCNR(B) deposit swap facility, with 20 IBUs sanctioning USD 54.02 billion and disbursing approximately USD 52.82 billion as at 31 August 2026. Between April and August 2026, IBUs disbursed USD 11.62 billion in External Commercial Borrowings, while Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges. These activities support cross-border financing, international capital-market access and foreign-exchange inflows.
September 3, 2026
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Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
Operational leadership for bilateral economic engagement is strengthened through the appointment of Shuchita Sonalika as the first Chief Operating Officer of the Canada-India Business Council. The appointment is directed toward enhancing the council's capacity to support expanding investment and economic relations between Canada and India, in coordination with its board, members and partners. Sonalika brings international affairs experience in advancing India's economic partnerships across global markets.
September 3, 2026
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Regulatory certainty and compliance reforms support investment facilitation, infrastructure development, MSME credit access, and reduction of bank non-performing assets.
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September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
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September 2, 2026
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Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
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September 2, 2026
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Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
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NBFC loan servicing governance retains lender control through deterministic decision rules, maker-checker controls, reconciled migration and optional AI assistance.
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September 2, 2026
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RTI access to maintained records does not require creation of Aadhaar date-of-birth update data on demand.
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September 2, 2026
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Transgender arrest and detention safeguards prompt calls for a standard operating procedure and clearer procedural protections.
Legal and regulatory issues include safeguards for arrest and detention of transgender persons, consultation requirements in Bar Council policy-making, and procedural accountability in electoral administration and policing. Personal insolvency proceedings raise questions about tribunal powers to constitute an expanded bench. Hospitality operators are expected to comply strictly with food-safety and hygiene norms. Proposed restrictions on minors' social-media accounts address cyberbullying, online exploitation, and harmful screen exposure.
September 2, 2026
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Railway equipment purchase orders and export order expand IC Electricals' domestic and international business pipeline.
IC Electricals Company Limited has secured railway purchase orders for electrical and electronic supplies and an export order, creating combined order inflow across domestic railway operations and international markets. Its product portfolio includes regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, alternators, traction motors, and permanent magnet alternators with controllers. Forward-looking statements on business plans, projects, and research and development remain subject to risks and uncertainties and may differ materially from actual results.
September 2, 2026
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Double deflation explains negative manufacturing GVA deflators when input prices rise faster than output prices.
Double deflation in manufacturing separately deflates gross output and intermediate consumption, with real GVA derived from their difference. Where input prices rise faster than output prices, nominal GVA may grow more slowly than real GVA, producing a negative implicit GVA deflator despite rising output and input prices. A negative manufacturing GVA deflator therefore does not establish a fall in manufactured-product prices or lower real growth. The implicit GDP deflator is a derived ratio between current-price and constant-price GDP and differs from CPI and WPI because of their distinct coverage, weights, and price concepts.
September 2, 2026
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Data centre ease-of-doing-business reforms target reliable power, prepared land, streamlined approvals and building standards for faster infrastructure deployment.
Ease-of-doing-business reforms for India's data-centre ecosystem focus on faster and sustainable infrastructure deployment through reliable power, ready-to-use land, streamlined approvals and suitable building regulations. Proposed power measures include cluster-based transmission planning, first-day sanctioned load, dual feeders and cross-border renewable-energy procurement. Data-centre-ready land banks and power-ready parcels are intended to reduce development timelines. The National Building Code 2026 recognises data centres under Group E and contains a dedicated annex on fire-risk assessment and data-centre-specific performance indicators.

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Amaravati to get Punggol-style integrated township: Andhra Minister Nara Lokesh

May 11, 2026

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Amaravati, May 11 (PTI) Andhra Pradesh Minister for Education, IT and Electronics Nara Lokesh on Monday said the proposed integrated township in Amaravati modelled on Singapore's Punggol district is set to become a model urban development project for the country.

Lokesh participated in a meeting with representatives of the Joint Implementation Steering Committee (JISC) under Singapore's Ministry of Trade and Industry during his visit to Singapore today.

"The proposed integrated township in Amaravati, inspired by Singapore's Punggol model, is envisioned to become a benchmark urban development project for Andhra Pradesh as well as the country," said Lokesh in an official press release.

According to him, the state government aims to develop the Amaravati Economic Region in the best possible manner with Singapore's support, and Amaravati now has national legal validity as the state capital, which will further boost investor confidence in the region.

The minister urged the Joint Implementation Working Committee (JIWC) to expedite procedures for the integrated township project while securing support from the World Bank for its implementation.

Lokesh noted that Andhra Pradesh had already issued notifications inviting Requests for Proposals (RFPs) from interested partners for the development of the Amaravati Economic Region.

He asked the Singapore side to explore opportunities to facilitate trade access between Andhra Pradesh and Southeast Asian and East Asian countries through Singapore.

The minister said Andhra Pradesh aims to emerge as a global Meetings, Incentives, Conferences and Exhibitions (MICE) destination on the lines of Singapore and would study the Suntec City model for establishing similar infrastructure in the state.

Lokesh further said Andhra Pradesh would continue utilising Singapore's expertise in strengthening Real Time Governance and assured support for companies willing to invest in the state.

Consultations on the implementation of the Memorandum of Understanding (MoU) signed between Andhra Pradesh and Singapore are being conducted every month through working groups, said the press release.

He said six Andhra Pradesh Ministers recently attended training sessions in Singapore under the Singapore-Andhra Pradesh Governance Excellence (SAGE) programme, while 37 government teachers also completed training programmes there.

The Andhra Pradesh government had signed an MoU with Singapore in November last year covering integrated township development, the Amaravati Economic Region and digital transformation initiatives, including Real Time Governance.

Lokesh also met representatives from Commodities Intelligence Centre (CIC) and sought cooperation in trade connectivity for seafood, agriculture, minerals and pharmaceutical sectors along with onboarding Micro, Small and Medium Enterprises (MSME) exporters onto digital platforms.

“Andhra Pradesh is currently focusing on port-led industrialisation with the objective of exporting products globally. CIC platform capabilities can help the state emerge as a digitally integrated trade and logistics hub connected with Asian and global commodity markets,” said Lokesh.

The minister requested the launch of a pilot digital trade corridor between Singapore and Visakhapatnam or Krishnapatnam ports using CIC’s blockchain platform to facilitate paperless trade processes and cargo transparency.

Lokesh also proposed organising an Andhra Pradesh-Singapore Joint Commodity Trade Roundtable involving exporters, CIC, Enterprise Singapore and SGX to identify export opportunities for commodities, including Guntur chillies.

He noted that Andhra Pradesh accounted for 40-45 per cent of India’s chilli exports and is also the country’s largest aquaculture-producing state with strong presence in marine products, minerals and pharmaceuticals.

Lokesh said efforts were made before the Covid-19 pandemic to facilitate Andhra Pradesh-China chilli trade through CIC and sought support to revive the trade corridor through buyer linkage and financing mechanisms.

Representatives from CIC said the organisation operates a digital B2B marketplace connecting verified buyers, sellers, logistics providers and financiers globally while offering services such as commodity intelligence, blockchain-based document security and customs clearance.

Lokesh also visited Singapore’s Suntec City and met DP Urban Architect Director Anandan Karunakaran to study Singapore’s MICE ecosystem and urban event infrastructure.

The minister said Andhra Pradesh is formulating a dedicated MICE policy and establishing special bureaus in Visakhapatnam, Amaravati and Tirupati to provide single-window approvals for international event organisers.

He noted that the number of hotel rooms in the state is expected to increase four-fold to 20,000 over the next five years and said four convention centres have already been approved in Amaravati.

Lokesh further said a world-class MICE centre would be developed in Visakhapatnam along with Andhra Mandapam in partnership with the India Trade Promotion Organisation.

Karunakaran said Singapore is planning another major MICE hub in addition to existing venues such as Suntec City and Marina Bay Sands while focusing extensively on sustainability certification in the tourism and events sector. PTI MS STH ROH

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