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    Ontario's premier: Canada should be ready to cut electricity, critical minerals as trade woes worsen
    UIDAI, Army launch Aadhaar biometric update camps for students in Assam's Tamulpur
    J&K PCC chief opposes electricity tariff hike, demands immediate rollback
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August 24, 2026
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Retaliatory trade measures may target electricity, critical minerals and integrated automotive supply chains amid escalating cross-border tariff disputes.
Canada-United States trade relations involve escalating tariffs and contemplated reciprocal restrictions affecting goods, automotive production, electricity exports and critical-mineral supplies. Potential Canadian countermeasures include limiting or increasing the price of Ontario electricity exports and restricting supplies of critical minerals, with oil and potash also identified as possible leverage. The automotive sector faces particular exposure because Ontario production and supply chains are integrated with United States manufacturing. Negotiations also raised concern over limits on Canada's ability to conclude trade agreements with other countries without United States approval.
August 24, 2026
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Mandatory biometric updates for students support continued Aadhaar authentication and access to education, scholarship and benefit-related services.
Mandatory Biometric Update camps have been launched in schools across Tamulpur district, Assam, for eligible students aged 5 to 17 years to update Aadhaar biometrics. Aadhaar biometrics require updating on attaining five years of age and again on attaining fifteen years. Timely updating supports continued Aadhaar authentication and helps avoid difficulties in accessing services where authentication is applicable, including school admissions, entrance-examination registration, scholarships and Direct Benefit Transfer schemes.
August 24, 2026
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Electricity tariff affordability requires immediate review, withdrawal of higher consumer charges, and relief measures for economically weaker households.
Electricity tariff increase in Jammu and Kashmir has been opposed as imposing an unjustified and unaffordable financial burden on domestic consumers amid rising household costs. Immediate review and withdrawal of the increase are sought, together with measures to reduce electricity costs for domestic consumers, particularly economically weaker sections, and ensure affordable, reliable power supply.
August 24, 2026
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Wheat export liberalisation replaces prohibitions to support farm prices while domestic stocks are expected to protect consumer supply.
Wheat and wheat-product exports are liberalised with immediate effect by revising their export policy from prohibited to free. The change covers wheat, wheat flour, maida, semolina and wholemeal atta, replacing the earlier export-ban framework and simplifying exports previously permitted through licences. The measure aims to support farmers amid depressed domestic prices, while adequate domestic availability and buffer stocks are expected to meet demand and moderate consumer prices.
August 24, 2026
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Food safety compliance failures trigger licence suspensions for deficient hygiene, storage, refrigeration, sanitation and valid licensing practices.
Food safety enforcement measures resulted in suspension of food licences or registrations where establishments failed hygiene, food handling, storage, refrigeration, sanitation and licensing requirements. Deficiencies included unsafe temperature control, unclean refrigeration equipment, improper food storage and thawing, inadequate sanitisation, deteriorated or expired materials, deficient oil-quality checks, artificial colouring, pest infestation, cross-contamination risks and inadequate drainage. One outlet was also found to be operating under the name of an establishment without a valid food licence, resulting in suspension of its registration certificate.
August 24, 2026
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Central Board Governance expands through appointments of part-time non-official directors for defined terms, alongside central bank and government representatives.
Appointments to the Reserve Bank of India's Central Board expand its part-time, non-official director membership. Syed Akbaruddin, Annie George Mathew and Janmejaya Kumar Sinha have been appointed for four years from 24 August 2026, or until further orders, whichever occurs earlier. The Central Board also includes the Governor, deputy governors, the economic affairs secretary and the financial services secretary.
August 24, 2026
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Electricity tariff adjustment is linked to inflation and transmission losses, while free household units remain separately implemented.
Electricity tariff increase of 6.83 per cent after four years is presented as necessary in light of inflation and rising costs. Reducing transmission and distribution losses is identified as a means of limiting future tariff increases. Provision of 200 units of free electricity for poor and needy households through solar panels under the Muft Bijli Yojana is treated as distinct from tariff revisions.
August 24, 2026
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Sugar supply management measures target speculative stockpiling through imports, stockholding limits and earlier crushing to moderate prices.
Sugar supply is characterised as adequate, and higher prices are attributed principally to speculative buying and advance stockpiling, alongside lower output, seasonal demand and global price pressures rather than an actual shortage. Duty-free raw sugar imports and stockholding limits are intended to augment availability, curb speculative accumulation and stabilise market sentiment. Imports, existing stocks, special crushing and an earlier crushing season are expected to moderate prices and improve festive-period supply. Ethanol diversion is not identified as a cause of the price movement.
August 24, 2026
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Wheat export policy shifts to free trade, lifting restrictions on wheat flour, maida, semolina and wholemeal atta exports.
Wheat export policy has been revised from prohibited to free with immediate effect, lifting the export ban on wheat and related wheat products. The liberalised export treatment extends to wheat flour, maida, semolina and wholemeal atta. The restriction had been imposed to address rising domestic prices, and its removal is expected to improve international wheat availability.
August 24, 2026
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Bogus input tax credit fraud investigation examines fabricated invoices, circular transactions, layered funds and alleged proceeds of crime.
Investigation into alleged bogus input tax credit fraud involved searches under the anti-money-laundering framework. The alleged scheme involved fabricated invoices and e-way bills without actual movement of goods, circular transactions, layered funds, cash withdrawals and bogus or non-existent entities. GST authorities identified fraudulent availment of input tax credit causing wrongful loss to the government exchequer. The investigation focused on tracing alleged proceeds of crime, identifying beneficiaries, and securing documentary and digital evidence.
August 24, 2026
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Sugar crystallization process integration combines evaporator upgrades, continuous boiling, heat recovery and automation for efficient plantation white sugar production.
Sugar manufacturing process integration is proposed through strengthening an existing evaporator station and adding a sugar crystallization section to convert syrup production into plantation white sugar production. The scope covers design, engineering, equipment supply, erection and commissioning of condensate heaters, falling film evaporators, heat-recovery systems, continuous pans, vacuum systems and crystallizers. Continuous massecuite boiling will use chamber-specific control, while evaporator recirculation and online chemical-cleaning provisions support process control and low-grade vapour utilisation.
August 24, 2026
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Competitive examination preparation supports career pathways in civil services, public employment, management, defence, research and international higher education.
Career-development and competitive-examination preparation is offered alongside academic programmes for civil services, government and public-sector employment, banking, engineering higher education, management, defence, teaching, research and overseas education. UPSC, SSC-CGL, Bank PO, GATE, CAT, CDS, UGC-NET, GRE, GMAT and IELTS preparation includes courses, workshops, mentorship, expert guidance and examination-specific resources. Access to examinations, admissions and career opportunities remains subject to applicable eligibility, selection and institutional criteria.
August 24, 2026
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Corporate governance professionals gain expanded training infrastructure as Hyderabad's new Chapter Office supports Company Secretaries and students.
Institute of Company Secretaries of India has inaugurated a Chapter Office in Hyderabad to expand infrastructure for professional education, training, examinations, meetings, capacity-building programmes and stakeholder engagement. The facility is intended to support Company Secretaries and students and enable wider professional and educational activities. Company Secretaries are identified as corporate governance professionals, with expanding regulatory requirements and the formalisation and listing of micro, small and medium enterprises creating potential demand for qualified professionals.
August 24, 2026
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Diversified pharmaceutical growth combines branded portfolio expansion, contract manufacturing, merchant exports, and regulatory registrations for international market development.
Curis Lifesciences Limited plans a diversified pharmaceutical strategy spanning domestic branded products, contract manufacturing and international market development. Its majority acquisition of Uninova Lifesciences is intended to strengthen own-brand marketing, distribution and portfolio expansion, including injectable products through third-party manufacturing. International initiatives include merchant exports in Kenya and a Nigerian joint venture pursuing own-brand regulatory registrations alongside contract-manufacturing and export opportunities. Commercial development in Nigeria remains contingent on relevant licences and purchase orders, while projections are subject to regulatory, market and other business factors.
August 24, 2026
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Insolvency framework reform prioritises efficient resolution, value maximisation, stakeholder coordination, institutional strengthening and technology-enabled asset recovery.
Insolvency and Bankruptcy Code, 2016, entered its tenth year amid deliberations on legislative amendments, resolution timelines, stakeholder interests and value maximisation. Key areas included resolution plans and tax implications, liquidation processes, recent judicial developments, stakeholder coordination, and the roles of insolvency professionals, regulators, banking institutions and adjudicatory processes. Technological innovation, including artificial intelligence for asset tracing and recovery, alongside regulatory strengthening, capacity building and stakeholder collaboration, was emphasised for the future development of the insolvency ecosystem.
August 24, 2026
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Bilateral economic and financial cooperation will advance through investment dialogues, business engagement, financial-sector partnerships, and global economic discussions.
Official visits to Canada and the United States are scheduled to strengthen bilateral economic and financial partnerships, deepen investment linkages, and advance cooperation on global economic priorities. Engagements include an Economic and Financial Dialogue, investment and business roundtables, corporate meetings, and discussions on financial-sector cooperation, technology, innovation, critical minerals, resilient supply chains, and a Comprehensive Economic Partnership Agreement. Participation in the G20 Finance Ministers and Central Bank Governors Meeting will address global economic growth, stability, and international financial cooperation.
August 24, 2026
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Interoperable real-time payments enable inclusive retail transactions, bank participation, and cross-border digital payment expansion through UPI.
Unified Payments Interface (UPI) operates as an interoperable, real-time digital payments platform for peer-to-peer and person-to-merchant transactions. Its network includes varied banking institutions acting as remitter and beneficiary payment service providers, with performance monitoring across participants. Person-to-merchant payments drive transaction volume through routine small-ticket retail use, while person-to-person payments represent a larger share of transaction value. UPI also supports cross-border digital payments, with future growth linked to technological advancement, broader adoption, policy support, and financial inclusion.
August 24, 2026
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Service Producer Price Indices track quarterly price movements across financial, transport, telecom and insurance services using sub-service weights.
Service Producer Price Indices based on 2022-23 set out provisional first-quarter estimates for FY 2026-27 and final fourth-quarter estimates for FY 2025-26 across financial, insurance, telecom, railway and air-passenger services. Latest quarterly data show negative year-on-year inflation for securities transaction and banking services, while banking service contribution, pension-fund management, insurance, telecom and railway services record positive inflation. Aggregate weights are not assigned because the covered services do not represent the entire service sector; sub-service weights are used to derive service-level PPIs.
August 24, 2026
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Food safety cooperation supports imported-food quality information exchange and technical collaboration within broader bilateral economic and trade engagement.
India-Morocco economic cooperation is being advanced through discussions on trade diversification, market access, investment, industrial cooperation, customs, agriculture, food safety, energy, digital transformation and logistics. A proposed food safety Memorandum of Understanding would support exchanges on imported-food safety and quality, testing laboratories, analytical methods, import procedures, quality control, sampling, testing, packaging and labelling. Proposed cultural cooperation would promote professional exchanges, heritage conservation and institutional linkages.
August 24, 2026
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Foreign-exchange market conditions pressured the rupee as dollar strength, crude concerns and geopolitical uncertainty shaped narrow USD/INR trading.
Foreign-exchange market conditions led the rupee to close marginally lower against the US dollar after reversing initial gains. The USD/INR pair traded within a narrow range amid a stronger dollar index, weak domestic equity markets, importer demand, crude-oil concerns and geopolitical uncertainty. Market commentary indicated a slight negative bias for the rupee, although possible US-dollar weakness could provide support at lower levels. India's foreign-exchange reserves increased during the referenced reporting week.

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SMMARUN and ByteVerity Announce Global Partnership to Operationalise Responsible AI Governance - Made in India, Built for the World

May 21, 2026

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Gurugram, Haryana, India – Business Wire India • RAIGDRG™© + Defensible AI Counter™ — a deterministic runtime substrate that turns AI Governance from policy promise into examiner-ready, signed, offline-verifiable evidence.

• Built for Governments and Regulators, Public and Private Enterprise, Education Institutions, and Consulting and IT Partners across India, the Gulf, the European Union and the United States.

SMMARUN Management Consortium Associates LLP (LLPIN: ACT-2625), headquartered in Gurugram, today announced a global strategic partnership with ByteVerity, a runtime AI compliance platform with 121 patents filed. Branded RAIGDRG™© + Defensible AI Counter™, the partnership unites SMMARUN’s Responsible AI Governance and Digital Risk Governance consulting and Masterclass franchise with ByteVerity’s deterministic spine — designed, engineered and proven in India, and built to serve every regulated buyer of AI, anywhere in the world.

The here and now fact is that AI is moving faster than the governance that holds it accountable. The Stanford HAI 2025 AI Index recorded 233 AI-related incidents in 2024 — a 56.4% increase year-on-year. The EU AI Act (Regulation 2024/1689, Article 99) carries fines of up to €35 million or 7% of global annual turnover, with high-risk obligations from 2 August 2026. India’s DPDP Rules 2025 (MeitY, Gazette G.S.R. 846(E), notified 13 November 2025) layer penalties of up to ₹250 crore. RBI FREE-AI (13 August 2025) and MeitY’s India AI Governance Guidelines (5 November 2025) extend the perimeter to every regulated Indian entity. Across SMMARUN’s enterprise sample, 88% of organisations have adopted AI; only 23% can defend that adoption to a regulator.

We are bridging the gap between AI Promise and Reality, ‘Policy to Practice’, by providing ‘Defensible AI’, A Deterministic Substrate Under a Three-Pillar Practice. SMMARUN’s three pillars — (1) AI Governance, Fairness & Risk Management; (2) Masterclass in AI Governance; (3) AI-Driven Platform & Solutions — now carry a deterministic spine. ByteVerity sits under Pillar 3 and gives Pillars 1 and 2 something measurable to deliver against. ByteVerity’s Five Planes — Kernel, Compositor, Governor, Sovereign, Vault — map directly onto the Puneet Mohan 5P Model FrameWorkx™ (Predict, Prepare, Propose, Plan, Prevent) within the 4A InDoctrine™©. The result is not another policy document; it is signed, append-only, offline-verifiable evidence that a regulator, an internal auditor or an examiner can replay.

Three Buy-Tomorrow Engagements. The partnership goes to market with three productised offers: 1. 90-Day AI-Governance Readiness with Deterministic Spine — a fixed-scope sprint that stands up an AI Governance Operating Model, board-approved policy, Policy Packs and the ByteVerity runtime kernel against DPDPA 2023, RBI FREE-AI, MeitY’s India AI Governance Guidelines, IRDAI and SEBI — with global cross-walks to NIST AI RMF, ISO/IEC 42001, EU AI Act, SR 11-7 and 21 CFR Part 11.

2. Sovereign Data & National-Boundary IP Unlock — a Sovereign-plane deployment that locks data residency, model lineage and IP attribution inside national boundaries — purpose-built for Governments, Public Sector Enterprises, regulated private operators and the wider Indian and international technology ecosystem that needs provable digital sovereignty as the precondition for trustworthy AI.

3. Examiner-Ready Evidence Compression for SR 11-7 / 21 CFR Part 11 — a Vault-and-Governor stack that compresses SR 11-7 model risk documentation, 21 CFR Part 11 audit trails, ICH E6(R3) GCP records and CDSCO/ICMR submissions into signed bundles that survive offline verification — designed for banks, insurers, life-sciences operators and any examiner-facing function in any jurisdiction.

Built for Six Buyer Constituencies. RAIGDRG™© + Defensible AI Counter™ is engineered for six buyer constituencies: Governments and Regulators (RBI, MeitY, SEBI, IRDAI, the EU AI Office, SAMA, CBUAE and counterparts); Public Sector Enterprise; Private Enterprise across BFSI, Healthcare, Insurance and Life Sciences; Education Institutions — including IIT and IIM faculties partnering on Masterclass cohorts and joint research; Consulting and IT Partners working alongside SMMARUN’s platform-partner network; and the global Indian-led delivery ecosystem, including Global Capability Centres. One substrate. Six buyers. One signed page of evidence.

Global. Made in India. The partnership crystallises a doctrine that has been quietly building: that the world’s most rigorous AI governance fabric can be designed, built and proven in India — and then exported as Best-In-Class engineering to global regulators, global enterprises and global auditors. Global. Made in India. Governable everywhere.

QUOTES 1. Arjun Malhotra | Chairman, SMMARUN Global Advisory Board | Co-founder, HCL Group “In 1976, the question was whether Indians could build computers. In 2026, the question is whether Indians can build the governance fabric that makes the world’s AI trustworthy. SMMARUN and ByteVerity, together, give that question an Indian answer — humble in tone, world-class in engineering, and Best-In-Class in defensibility. Global. Made in India.” 2. Ravi Balwada | Advisor & Board Member, ByteVerity “With 121 patents filed across the sidecar, signing kernel, contract layer and Policy Pack catalogue, ByteVerity was built to be the deterministic spine of Responsible AI. SMMARUN brings the consulting depth, the Masterclass pedagogy and the regulator-grade frameworks; we bring the substrate that makes all of it measurable. Together, we are not selling another platform — we are giving CIOs, CROs, Chief AI Officers, regulators and auditors a Defensible AI Counter™ they can put in front of any examiner, anywhere.” 3. Preeti Mohan | Co-founder & Chief Responsible AI Governance, SMMARUN “Responsible AI cannot live only in slide decks and steering committees. It has to live in the runtime, in the evidence and in the everyday decisions of the people who build and operate these systems. With ByteVerity under our third pillar, SMMARUN can finally deliver Responsible AI Governance, Fairness and Risk Compliance as a measurable outcome — not an aspiration. Our 90-Day Readiness sprint, our Masterclass and our Sovereign Data offer are all now anchored to signed, replayable proof.” 4. Mohit Mahajan | Founder & CEO, ByteVerity “Prompts alone have never stopped a model from misbehaving in production. ByteVerity’s model agnostic substrate — Kernel, Compositor, Governor, Sovereign, Vault — was engineered so that every consequential AI action across any model operate within the organisational and team guardrails and carries a signed, tamper-proof, offline-verifiable receipt. Bringing this together with SMMARUN’s RAIGDRG™© practice and the Puneet Mohan 5P Model FrameWorkx™ closes the loop the industry has tolerated for too long: the gap between what companies write in their prompts and policies and what their models actually do at 3:47 a.m. on a Tuesday." About SMMARUN SMMARUN Management Consortium Associates LLP (LLPIN: ACT-2625), headquartered in Gurugram, India, is an AI Governance consultancy positioned around Responsible AI: Governance, Fairness & Risk Compliance, with the brand promise “Transforming Business. Bridging the gap between AI Promise & AI Reality.” SMMARUN delivers across three pillars — AI Governance, Fairness & Risk Management; Masterclass in AI Governance; and AI-Driven Platform & Solutions — anchored in the proprietary 4A InDoctrine™© and the Puneet Mohan 5P Model FrameWorkx™ (Predict, Prepare, Propose, Plan, Prevent). SMMARUN is led by Puneet Mohan, Founder – CEO & MD, Preeti Mohan, Co-founder & Chief Responsible AI Governance, with Arjun Malhotra serving as Chairman, SMMARUN Global Advisory Board.

SMMARUN Headquarters: Gurugram, Haryana, India • LLPIN: ACT-2625 About ByteVerity ByteVerity is a runtime AI compliance platform purpose-built as the deterministic substrate — the “Defensible AI Counter™” — for Responsible AI. Its architecture combines a sidecar, signing kernel, contract layer, Policy Pack catalogue and offline verification engine across five planes: Kernel, Compositor, Governor, Sovereign and Vault, with 121 patents filed. ByteVerity is founded and led by Mohit Mahajan as Founder & CEO, with Ravi Balwada serving as Advisor & Board Member, and is headquartered in Noida, India.

(Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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