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    DRI seizes 60,000 kg smuggled foreign origin areca nuts in North-East region; 5 held
    In response to PM's austerity appeal, Maharashtra tourism dept cancels foreign tours
    RBI to pay record dividend of Rs 2.87 lakh crore to govt for FY26
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    Transcorp Delivers All-Time High Earnings for Q4 and FY26; Declares 30% Dividend and Gains Access to RBI's Centralised Payment Systems With NEFT/RTGS ...
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May 22, 2026
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Smuggled foreign-origin areca nuts seized in intelligence-based operations, with arrests made in the North-East region.
DRI conducted intelligence-based operations in Mizoram and Assam and seized around 60,000 kg of smuggled foreign-origin dried areca nuts alleged to have been brought into India from Myanmar through the Myanmar-Mizoram border. Five persons were arrested in connection with the seizures, and the illegal influx was stated to be causing economic harm to domestic areca nut growers and border-region economic security.
May 22, 2026
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Foreign travel curbs and domestic tourism push aim to conserve fuel, foreign exchange, and support local economy.
The Maharashtra government has cancelled all proposed foreign tours of its tourism department and affiliated delegations with immediate effect to conserve fuel and foreign exchange reserves. The measure follows the Prime Minister's austerity appeal and the Chief Minister's directions, with an official order issued to the department. The ministry also urged citizens to prioritise domestic tourism, conserve foreign exchange, reduce energy and resource wastage, and use public transport or eco-friendly vehicles wherever possible.
May 22, 2026
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Record RBI dividend transfer to government reflects higher surplus and stronger annual income position.
The Reserve Bank of India approved a record dividend transfer to the Government for the 2025-26 financial year, reflecting a higher surplus distribution than in the previous year and providing additional fiscal space. The decision was taken by the Central Board of Directors and followed the bank's annual surplus position, which rose alongside higher net income before risk provision and transfer to statutory funds.
May 22, 2026
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Consumer financing for air conditioner purchases through EMI plans and partner stores, backed by an RBI-registered NBFC.
Consumer financing is offered for the purchase of Haier air conditioners through Bajaj Finance partner stores, with models compared on cooling capacity, star rating, and product features before purchase. The financing facility includes an Insta EMI Card or Easy EMI Loan, selective zero down payment offers, and repayment tenures ranging from 3 to 60 months, enabling the cost of purchase to be split into monthly instalments. Bajaj Finance is described as a Reserve Bank of India-registered deposit-taking non-banking financial company, classified as an NBFC-Investment and Credit Company, engaged in lending, acceptance of deposits, and a diversified retail and commercial lending business.
May 22, 2026
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Payment systems access and remittance authorisation accompany strong earnings growth, dividend distribution, and lower finance costs.
Strong improvement in profitability was reported for the quarter and financial year ended 31 March 2026, with the company recording its highest ever earnings from business operations, reduced finance costs, and a 30% total dividend for FY26. The disclosure also noted that the company had no outstanding public fixed deposits or long-term borrowings. It stated that the company had obtained an operative bank account with the Reserve Bank of India and its own IFSC code, enabling participation in centralised payment systems and settlement of RTGS/NEFT transactions and trade or business-related remittances.
May 22, 2026
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State control over key commodity exports reshapes trade oversight, pricing, and transparency in Indonesia's resource sector.
Indonesia is restructuring control over exports of key commodities by assigning a newly created state-owned enterprise to manage trade in coal, palm oil and iron alloys, with implementation planned in stages from June to September. The policy is presented as a governance reform intended to strengthen oversight of strategic commodity trade, improve transparency in reporting, and increase tax revenue by curbing under-invoicing, transfer pricing and diversion of export proceeds. The measure gives the government greater influence over commodity pricing and trade administration.
May 22, 2026
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Rupee appreciation gains support from softer crude, easing geopolitical tensions, and expected central bank swap intervention.
The rupee appreciated in early trade against the US dollar amid softer crude oil prices, tentative easing of geopolitical tensions, and active Reserve Bank of India intervention in the foreign exchange market. Confidence also improved on account of the central bank's planned USD buy-sell swap auction, seen as a liquidity-supportive measure that could inject rupee liquidity into the banking system and help contain excessive exchange-rate volatility.
May 22, 2026
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Productivity cooperation in the Asia-Pacific takes centre stage as APO leaders discuss Vision 2030, governance reforms, and sustainable growth.
The 68th Governing Body Meeting of the Asian Productivity Organization opened in New Delhi with a focus on regional productivity cooperation, sustainable socioeconomic development, and the role of productivity in resilience, innovation, and inclusive growth. The proceedings highlighted digital transformation, green productivity, capability building, and the recognition of productivity advocates and technical experts for contributions to productivity enhancement and sustainable development. Plenary deliberations covered agenda approval, leadership election, annual and financial reports, auditors, APO Vision 2030 recommendations, governance reforms, reporting standards, and implementation initiatives.
May 21, 2026
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Rupee recovery reflects crude oil softness, geopolitical easing, and central bank support amid continued currency market pressure.
The rupee recovered from its all-time closing low to settle stronger against the US dollar, supported by lower crude oil prices, signs of easing geopolitical friction, and reported central bank intervention. Market participants said currency trading continued to reflect geopolitical risk, oil sensitivity, and expectations around the upcoming monetary policy review, while the one-year forward market suggested a weakening bias in the USD/INR outlook over the next 12 months.
May 21, 2026
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Separate insolvency proceedings for distinct business groups upheld on commercial wisdom and specialised resolution needs.
Separate corporate insolvency resolution processes for Videocon Industries Ltd. and Videocon Oil Ventures Ltd. were treated as independently maintainable on the basis of the distinct nature of their businesses, the creditors' commercial wisdom, and the need for specialised resolution. The appellate tribunal held that consumer electronics operations and oil-related businesses could not realistically be revived through a single common insolvency process, and that the tribunal should not interfere with the committee of creditors' decision to keep the two CIRPs separate.
May 21, 2026
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Insolvency-driven cement asset acquisition advances as disputes are settled and prior challenges around the business are resolved.
Cement assets of Jaiprakash Associates Ltd. are proposed to be acquired by Dalmia Bharat Ltd. after JAL's acquisition through the insolvency process. The transaction concerns JAL's cement and clinker capacities and follows earlier legal hurdles linked to a shareholder dispute. Dalmia Bharat has also signed an agreement with JAL and the Adani Group to settle disputes, pending legal proceedings, arbitral awards and prior framework arrangements relating to the cement business.
May 21, 2026
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Corporate governance and ESG collaboration expands knowledge exchange, capacity building, research and policy support across capital markets.
NISM and IICA have entered into a Memorandum of Understanding to strengthen corporate governance, ESG and capital market development through long-term institutional cooperation. The collaboration covers knowledge exchange, research, policy support and capacity building, including joint training programmes, certification courses, executive education, sustainability and ESG reporting, BRSR, investor education, board governance, market integrity and emerging regulatory frameworks.
May 21, 2026
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Drone incursions into Baltic airspace raise air defence concerns amid claims of Russian electronic interference.
Ukrainian drone operations against Russian oil-export and energy infrastructure in the Baltic Sea region have repeatedly led to drones straying into neighbouring Baltic and NATO airspace. The incidents have prompted concern over airspace security, civilian safety and the adequacy of eastern flank air defences, while some Baltic officials have criticised Ukraine over the violations. Ukraine says the drones were intended for Russian military targets but were diverted by Russian electronic interference, including jamming and spoofing.
May 21, 2026
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Accessible financial services for persons with disabilities require inclusive design, training, and barrier-free delivery across banking channels.
Accessible and inclusive financial services for Persons with Disabilities are promoted through Accessibility Standards and Guidelines for the Banking and Financial Services Sector, prescribing equitable access through physical, digital, and phygital modes. Accessibility is treated as an essential part of customer experience, digital inclusion, and equitable financial participation, while financial institutions are encouraged to strengthen accessibility awareness through policy support and periodic training.
May 21, 2026
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Enterprise AI orchestration enables governed execution by unifying workflows, decisions, content, communications, and AI agents.
Enterprise AI deployment is being repositioned from isolated experimentation toward a governed execution model in which workflows, decisions, content, communications, systems and AI agents operate as a unified orchestration layer. The platform is designed to embed intelligence directly into enterprise operations so that automation, decisioning and communications function within one continuously adaptive environment rather than through disconnected tools and integrations. The operational emphasis is on governance, compliance, auditability, explainability and human oversight for regulated enterprises.
May 21, 2026
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Mandatory Ship To GSTIN capture and voluntary e-Way Bill closure streamline traceability and transaction completion.
Functional enhancements are being introduced in the e-Way Bill system to improve data integrity, traceability, and operational efficiency. In Bill-To/Ship-To transactions, capture of the Ship To GSTIN is being made mandatory during e-Way Bill generation, and where the consignee is unregistered the value "URP" is to be entered in that field. A voluntary e-Way Bill closure facility has also been introduced to enable closure after delivery of goods is completed, through the portal or through an API.
May 21, 2026
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Crop loan eligibility should not depend on CIBIL scores, while strict action is planned against forced fertiliser bundling.
Crop loan sanction should not be linked to farmers' CIBIL scores, and banks have been instructed not to make credit approval conditional on such conditions so that farmers are not harassed for creditworthiness issues. The review also covered the proposed farm loan waiver, while the administration warned against fertiliser dealers compelling farmers to buy additional products and noted licence action for violations.
May 21, 2026
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CFA qualification supports finance careers through analytical training, ethical standards, and structured preparation across progressive program levels.
CFA qualification is presented as a specialised pathway for careers in investment banking, investment management, financial analysis, corporate finance, portfolio management, equity research, and wealth management. The curriculum is described as building analytical ability, industry knowledge, ethical standards, financial reporting competence, quantitative skills, economics, and portfolio management expertise, with growing global recognition driven by demand for finance professionals. The article also outlines the staged CFA programme and stresses that success depends on consistent study, discipline, guidance, and structured learning support.
May 21, 2026
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Rupee recovery against the US dollar follows easing oil prices, geopolitical relief, and likely central bank intervention.
The rupee recovered from its record low against the US dollar after crude oil prices eased and signs of softer geopolitical friction emerged, with traders also citing likely central bank intervention. Market participants said forward pricing still reflected a weakening bias for the currency over the next 12 months, while attention remained on geopolitical developments and the upcoming monetary policy review.
May 21, 2026
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India-US economic partnership builds trusted supply chains, industrial growth, MSME certification support and long-term manufacturing transformation.
India and the United States are described as natural partners with strong complementarity across technology innovation, defence, digital data centres, quantum computing and medical devices, supported by mutual trust, respect for intellectual property rights and shared economic interests. Industrial development is presented as shifting toward an area-based model through a scheme for new industrial parks integrating infrastructure, worker housing and social amenities, while improved infrastructure, lower logistics costs, renewable energy growth and digital connectivity support manufacturing, design, innovation and global capability centres. Support for MSMEs, stronger testing and quality infrastructure, PM Gati Shakti and long-term targets for a developed India by 2047 are also highlighted.

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India to Host 68th Session of Asian Productivity Organization Governing Body in New Delhi

May 20, 2026

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Union Minister for Commerce and Industry Shri Piyush Goyal to Attend Inaugural Session of 68th APO Governing Body Meeting on 21 May

APO National Awards to Recognise Productivity Advocates and Technical Experts During 68th Governing Body Meeting

The 68th Session of the Asian Productivity Organization (APO) Governing Body is being hosted by the Government of India, as Chair of the APO, from 20 to 22 May 2026 at Bharat Mandapam, New Delhi. The session will bring together over 60 senior delegates representing 20 APO member economies.

The inaugural session on 21 May 2026 will be attended by Union Minister for Commerce and Industry Shri Piyush Goyal. APO Directors, Advisors, representatives of diplomatic missions of APO member economies and invitees are expected to attend the event. Observers from the governments of Kazakhstan, Uzbekistan and Bhutan, as well as the Global Green Growth Institute, will also participate.

The three-day event will feature high-level discussions on the APO Vision 2030 framework, the APO preliminary budget for the 2027–28 biennium and the review of APO Secretary-General election procedures.

Key agenda items include formal inauguration and opening of the 68th Governing Body Meeting (GBM); election of the APO Chair and Vice Chairs for 2026–27; consideration and adoption of the APO Annual and Financial Report; deliberations on budget proposals and institutional reforms; review of progress under APO Vision 2030 and Secretariat performance; and endorsement of key policy and procedural recommendations.

During the inaugural session, awards will be conferred under the APO National Awards Programme in the categories of APO National Award for Productivity Advocates and APO National Award for Productivity Technical Experts.

The awards aim to strengthen the role of National Productivity Organizations (NPOs) in promoting and recognizing outstanding productivity champions driving impactful initiatives, while encouraging a culture of productivity leading to tangible improvements across APO member economies.

The Governing Body (GB) is the highest decision-making body of the APO and serves as the apex institutional forum for governance, strategic oversight and organizational decision-making. Held annually, the Governing Body Meeting brings together official representatives of all APO member economies to deliberate on the strategic direction of the organization, annual programme priorities, governance frameworks, institutional performance and financial planning.

Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Shri Amardeep Singh Bhatia, IAS, assumed the Chairmanship of the APO Governing Body at the 67th Session of the APO Governing Body held in May 2025. During the same session, India announced its decision to host the 68th Session of the APO Governing Body.

Established in 1961, the Asian Productivity Organization is an intergovernmental organization comprising 21 member economies from the Asia-Pacific region. The APO is committed to enhancing productivity for sustainable socioeconomic development through mutual cooperation and knowledge sharing. Over the past six decades, the organization has played a significant role in strengthening member economies through policy dialogue, technical cooperation, institutional capacity building, knowledge exchange and dissemination of best practices in productivity enhancement.

The event will also provide opportunities for bilateral and multilateral engagements, fostering knowledge exchange and strengthening cooperation among member economies.

India’s hosting of the 68th Session of the APO Governing Body reflects its continued commitment to promoting productivity-led growth, innovation and sustainable development in the region, in alignment with national priorities and global economic trends.

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