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    ED raids multiple locations in Kolkata in bank loan fraud case
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    RTI seeks Aadhaar date-of-birth changes after pre-poll Bihar pension hike; UIDAI says no such data
    IC Electricals Secures Approx. ₹6 Crore Railway Orders and ₹1 Crore Export Order
    Additional Information related to GDP Estimates Received After Release of Q1 Estimates of FY 2026-27
    Union Minister of Commerce & Industry Shri Piyush Goyal Chairs CEO Roundtable on Ease of Doing Business for Scaling India’s Data Centre Ecosystem
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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.
The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
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.
September 3, 2026
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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.
Regulatory certainty, ease of compliance and investment facilitation are identified as central elements of India's economic reform orientation. The Insolvency and Bankruptcy Code is included among reforms supporting regulatory certainty, reduced paperwork and easier compliance. Policy priorities include infrastructure development, artificial intelligence and data centres, credit access for MSMEs, reduction of banks' non-performing assets, fiscal discipline, and investment facilitation by central and state governments.
September 2, 2026
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Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
Japan Credit Rating Agency upgraded India's foreign-currency and local-currency long-term issuer ratings to A-, citing solid economic growth, strengthened growth-oriented policies and improved financial-system soundness. Improved banking asset quality, insolvency mechanisms, government capital infusion and stronger central-bank supervision support financial resilience. Fiscal quality has improved through greater infrastructure-focused capital expenditure and restraint in current spending, while a contained current-account deficit, services surplus and substantial foreign-exchange reserves support resilience to external shocks.
September 2, 2026
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Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
Foreign capital inflows and modest foreign institutional equity purchases supported rupee appreciation against the US dollar despite weak domestic equities, elevated crude oil prices and a stronger dollar. RBI monitoring and apparent currency-market intervention supported the rupee amid risk aversion, higher US Treasury yields and concerns over crude supply disruptions. Forthcoming US employment data remained relevant to dollar and rupee direction.
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.
September 2, 2026
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Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
September 2, 2026
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GST bribery allegations led to a trap operation against officials and an intermediary in a quarrying matter.
Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
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State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
Haryana's SGST collections increased by 29 per cent during April-August of financial year 2026-27, exceeding the national growth rate of 16 per cent. August 2026 post-settlement SGST revenue rose by 21 per cent, compared with national average growth of 13 per cent. Haryana accounted for less than 4 per cent of national GST taxpayers but contributed approximately 7.7 per cent of aggregate national SGST, CGST and IGST collections. VAT/CST collections rose by 13.8 per cent during the same period.
September 2, 2026
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NBFC loan servicing governance retains lender control through deterministic decision rules, maker-checker controls, reconciled migration and optional AI assistance.
Lokta Next 100 offers RBI-registered NBFCs with loan books up to Rs 100 crore post-approval loan servicing, accounting, reporting, analytics, collections, recovery and partner-management functions, excluding pure-play microfinance NBFCs. Credit, approval and money decisions remain with the lender. Maker-checker approval applies to every change, and migration requires line-by-line reconciliation before cutover. Records remain lender-owned, hosted in India and exportable. AI may propose changes but cannot post to the ledger; deterministic lender-policy rules decide changes. Platform fees are deferred for up to 24 months, subject to stated loan-book thresholds.
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.
UIDAI did not maintain separate Aadhaar data on date-of-birth updates in Bihar following the announced social security pension enhancement, including month-wise or district-wise compilations. No internal review or flagging of unusual update patterns was available or applicable in its records. The Central Information Commission clarified that the RTI framework does not require a public authority to create, compile or generate information that it does not maintain in the form requested. The initial CPIO response treating the information as outside the RTI Act was considered inappropriate.
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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May 18, 2026

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New Delhi, May 17 (PTI) Following are the top stories at 5.25 PM: NATION DEL3 WASIA-MEA-UAE-NUCLEAR (09.21 PM)

Deeply concerned: India on drone strike near UAE's Barakah nuclear plant New Delhi: India on Monday voiced deep concern over a drone attack targeting the Barakah nuclear facility in the United Arab Emirates (UAE) as it marked a dangerous escalation in the West Asia conflict.

DEL26 CBI-LD NEET (02.47 PM)

Coaching centre founder arrested in NEET case New Delhi: The CBI arrested Renukai Career Centre founder Shivraj Raghunath Motegaonkar on Sunday over his alleged involvement in the NEET-UG paper leak, agency officials said on Monday.

DEL34 PAR-NTA-NEET (03.46 PM)

Parliamentary panel summons NTA chief; to review reforms, NEET-UG paper leak case on Thursday New Delhi: A parliamentary panel has decided to review the implementation of reforms in the National Testing Agency (NTA) as well as the NEET-UG 2026 paper leak case and has summoned NTA Chairperson Pradeep Kumar Joshi and other bureaucrats for deliberations.

BOM13 CG-SHAH-BASTAR-MARTYRS (04.08 PM)

Govt fully committed to permanent peace, last-mile development in Bastar: Amit Shah Jagdalpur: Union Home Minister Amit Shah on Monday said the government is fully committed to establishing permanent peace in Chhattisgarh's Bastar region and ensuring that development reaches the last person.

MDS23 KA-FUEL-KHARGE (01.19 PM)

PM Modi, Centre 'lack' foresight, responsible for rising inflation: Kharge Bengaluru: Hitting out at Prime Minister Narendra Modi and the Centre over the recent hike in fuel prices, AICC President Mallikarjun Kharge on Monday accused them of "lacking foresight" and driving up inflation in the country.

MDS35 KL-CABINET-LD DECISIONS (04.39 PM)

UDF govt announces welfare measures, free KSRTC travel for women from June 15 Thiruvananthapuram, May 18 (PTI) The newly sworn-in UDF government in Kerala on Monday announced a series of welfare measures, including free travel for women in KSRTC buses from June 15, enhanced honorarium for ASHA and Anganwadi workers, and the creation of a dedicated department for elderly people.

CAL28 WB-2ND LD CABINET (04.20 PM)

Bengal cabinet to discontinue stipends for religious leaders from June Kolkata: The West Bengal cabinet on Monday decided that assistance-oriented schemes currently in place based on religious categorisation for Imams, muezzins and purohits would be discontinued from June this year.

DEL25 ED-AAP-ARREST (02.39 PM)

ED arrests AAP leader Deepak Singla in money laundering case New Delhi: The Enforcement Directorate on Monday arrested AAP leader Deepak Singla in an alleged money laundering case following searches in Delhi and Goa, officials said.

DEL37 NCR-2NDLD DOWRY (04.03 PM)

Woman 'jumps to death' over dowry harassment in Gr Noida; husband held Noida: A 24-year-old woman died allegedly after jumping from the terrace of her three-storey matrimonial house in Uttar Pradesh's Gautam Buddh Nagar district following harassment by her in-laws over dowry, police said on Monday.

LEGAL LGD7 SC-BAIL-LD UAPA (12.24 PM)

Bail is rule, jail exception even in UAPA cases: SC grants bail to narco-terror case accused New Delhi: Observing that bail is the rule and jail an exception even in UAPA cases, the Supreme Court on Monday granted bail to a man allegedly involved in drug trafficking and financing terror in Jammu and Kashmir.

BUSINESS DEL36 BIZ-RUPEE-CLOSE (03.58 PM)

Rupee settles at record low of 96.35 against US dollar Mumbai: The Indian rupee weakened further and closed at a record low of 96.35 (provisional) against the US dollar on Monday, pressured by rising crude oil prices on the back of ongoing geopolitical tensions and a strong dollar.

DEL43 BIZ-FINMIN-AUSTERITY (05.17 PM)

FinMin asks PSU banks, insurers to adopt austerity measures, shift to EV New Delhi: The Finance Ministry on Monday urged public sector banks and financial institutions to adopt austerity measures and shift to electric vehicles, following Prime Minister Narendra Modi's appeal.

CAL32 OD-LD SEBI (5.23 PM)

Indian markets capable of absorbing different types of shocks: SEBI chief on West Asia crisis Bhubaneswar: Volatility has shot up in the financial markets due to the ongoing West Asia conflict, but the Indian bourses have the capacity to “absorb different types of shocks”, Sebi Chairman Tuhin Kanta Pandey said on Monday.

FOREIGN FGN28 PM-NORWAY-TALKS (04.18 PM)

PM Modi holds talks with Norwegian counterpart Oslo: Prime Minister Narendra Modi held talks with his Norwegian counterpart Jonas Gahr Støre on Monday, focusing on trade and investment, green technology, blue economy, and other key areas.

FGN24 PM-SWEDEN-LD OUTCOMES (03.46 PM)

PM Modi’s Sweden visit yields strategic partnership; both sides unveil tech roadmap, aim to double trade in 5 years Gothenburg (Sweden): Driven by a push to deepen strategic and technology ties, India and Sweden have unveiled an ambitious roadmap spanning artificial intelligence, critical minerals, innovation, trade and cultural exchanges during Prime Minister Narendra Modi’s visit to the country.

FGN1 US-CHINA-IRAN (03.13 AM)

China committed to US on not providing material support to Iran: US trade representative Washington: US Trade Representative Jamieson Greer has said that President Donald Trump secured a commitment from China not to "provide material support to Iran." By Sagar Kulkarni

FGN30 CHINA-PUTIN (04.59 PM)

After Trump, Putin to visit Beijing for talks with Xi Beijing: Russian President Vladimir Putin will visit China on Tuesday – a trip that comes shortly after his US counterpart Donald Trump’s visit to Beijing for talks with Chinese leader Xi Jinping.

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