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    Central Bureau of Narcotics (CBN) and PHARMEXCIL Sign Memorandum of Understanding to Boost Legitimate Pharmaceutical Exports and Strengthen Regulatory...
    RBI's USD-INR Swap Facility Sparks Unprecedented Forex Inflows into India, Banks Raise USD 73 Billion in eleven weeks
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    From Syrup Diversion to Sugar Production: SED's Integrated Process House Solution for Shivshakti Sugars' 7,500 TCD Plant
    Chandigarh University Provides In-House Training for Civil Services, Defence, Management, Banking & PSUs
    ICSI inaugurates new Chapter Office in Hyderabad
    Curis Lifesciences Charts a New Growth Path with Uninova, Export Markets and Branded Pharma Expansion
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August 25, 2026
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Voluntary pharmaceutical export compliance framework promotes legitimate trade while safeguarding controlled substances through information sharing and coordinated capacity building.
The Memorandum of Understanding creates a cooperative framework for legitimate pharmaceutical exports and safeguards against diversion of narcotic drugs, psychotropic substances and controlled precursors. A voluntary, non-binding code of conduct will recommend industry practices without imposing obligations beyond applicable law. Cooperation includes identifying export bottlenecks, streamlining procedures for compliant exporters, capacity-building programmes, lawful and confidential information sharing, and nomination of company contact persons to coordinate voluntary compliance measures.
August 25, 2026
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USD-INR forex swap facility accelerates foreign-currency mobilisation through non-resident deposits and institutional borrowing, strengthening India's external buffers.
USD-INR forex swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings enabled banks to access foreign-currency funding through a special swap window. FCNR(B) deposits formed the principal component of the reported foreign-exchange inflows, reflecting participation by non-resident Indians. The FCNR(B) window was scheduled for early closure after the stated mobilisation objective was achieved ahead of schedule, and the inflows were presented as strengthening external buffers through long-term non-resident deposits and institutional funding.
August 25, 2026
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Foreign-exchange intervention moderated rupee depreciation as crude prices, importer dollar demand and geopolitical uncertainty sustained currency-market pressure.
Foreign-exchange conditions reflected a marginal weakening of the rupee against the US dollar, influenced by elevated crude-oil prices, importer demand for dollars, weaker Asian equities and geopolitical uncertainty. The currency remained within a narrow trading band, with RBI dollar sales described as moderating sharper depreciation. The RBI's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised substantial foreign-exchange inflows, indicating support from non-resident Indian participants.
August 24, 2026
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Prior government sanction for public servants is contested as essential before money-laundering proceedings may validly proceed for official-duty acts.
Prior prosecution sanction is asserted to be a jurisdictional precondition for money-laundering proceedings against a public servant for acts connected with official duty. A former police officer challenges cognizance and process for want of sanction under the criminal procedure framework and the Maharashtra Police Act, relying on sanctions subsequently granted for co-accused public servants. The allegations concern collection of funds through the officer and their alleged laundering through an educational trust.
August 24, 2026
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Rupee exchange-rate movement gained marginal support from foreign equity inflows despite crude oil, importer demand and geopolitical pressures.
Rupee exchange-rate movement against the US dollar reflected a marginal appreciation, supported by foreign fund inflows into domestic equities. Trading remained within a narrow range amid pressures from higher crude oil prices, continuing importer demand, and geopolitical concerns. Market conditions also included a stronger dollar index, lower Brent crude futures, domestic equity declines, and net foreign institutional investment. Elevated oil prices and geopolitical uncertainty indicated a slight negative bias, while possible US dollar weakness could support the rupee.
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.

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New Delhi Hosts 68th APO Governing Body Meeting with Focus on Regional Productivity Cooperation

May 22, 2026

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Productivity Today Means Resilience, Innovation and Inclusive Growth: Union Minister of Commerce & Industry Shri Piyush Goyal

APO National Awards Honour Productivity Champions and Technical Experts Driving Sustainable Development

The first day of the 68th Session of the Governing Body Meeting (GBM) of the Asian Productivity Organization commenced successfully today at Bharat Mandapam, bringing together senior government officials, Heads of National Productivity Organizations (NPOs), policymakers, productivity experts, and delegates from APO member economies.

The Inaugural Session was held in the distinguished presence of  Union Minister of Commerce & Industry Shri Piyush Goyal, who delivered the inaugural address as the Chief Guest.

In his inaugural address, Shri Piyush Goyal highlighted that, as the outgoing Chair of the Governing Body, India was honoured to contribute during a transformative phase for the APO, where technology, sustainability, and changing global dynamics were reshaping economies. He emphasized that productivity today extends beyond efficiency to include resilience, innovation, and inclusive growth. Highlighting India’s reforms under the visionary leadership of Prime Minister Shri Narendra Modi, he noted initiatives such as Make In India, Startup India, Skill India, the Production Linked Incentive Schemes, PM Gati Shakti National Master Plan, the National Logistics Policy, UPI, Aadhaar, and ONDC as examples of productivity-driven transformation, while reaffirming India’s commitment to regional cooperation, sustainable development, and future-ready growth through the APO.

The inaugural proceedings began with the arrival of dignitaries and the welcome of delegates by Smt. Neerja Sekhar, Director General, NPC India. She highlighted NPC’s commitment to digital transformation, green productivity, capability building, and measurable outcomes to strengthen MSMEs, enhance competitiveness, and promote sustainable and resilient economic growth. Opening remarks were delivered by Shri Amardeep Singh Bhatia, Secretary, DPIIT, Ministry of Commerce & Industry, Government of India, and APO Director for India. He stated that APO Vision 2030 and strategic reforms would strengthen institutional cooperation, governance, and outcomes-based development in all the member economies.

A major highlight of the session was the APO National Award Conferment Ceremony. Dr. V. K. Saraswat, former Member, NITI Aayog and Chair of the APO National Award Search-cum-Selection Committee, addressed the gathering and emphasized the importance of recognizing productivity champions and technical experts contributing toward national and regional productivity enhancement.

The APO National Award certificates were presented to the following distinguished productivity experts by the Shri Goyal, followed by brief remarks from the awardees acknowledging the role of productivity, innovation, and institutional excellence in achieving sustainable development:

  1. APO National Award for Productivity Advocates to Mr. Ashok Panjwani, Director, BEIL Infrastructure Limited, Bharuch, Gujarat.
  2. APO National Award for Productivity Technical Expert to Mr. Bakul Limbasiya, Founder Director, Bhathwari Technologies Pvt. Ltd., Gujarat.
  3. NPC Special Recognition Awards to:

(a) Ms. Vidushi Mittal, Director, Kalaaai Studio, Jaipur, Rajasthan. 

(b) Ms. Anshul Malhotra, Traditional Textile Conservator & Handloom Textile Designer, Krishna Wool, Mandi, Himachal Pradesh. 

(c) Mr. Akhand Pratap Singh, Founder & CEO, Vymanik Aerospace Technologies Pvt. Ltd., Greater Noida, Uttar Pradesh.

Hosted by the National Productivity Council under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India, the three-day Governing Body Meeting is deliberating on key strategic and administrative matters concerning productivity enhancement and sustainable socioeconomic development across the Asia-Pacific region.

The 68th GBM also witnessed important leadership transitions. APO Director for Indonesia, Prof. Anwar Sanusi, assumed the position of APO Chair for 2026–27, succeeding APO Director for India, Shri Amardeep Singh Bhatia. The Acting APO Director for Iran and the Acting APO Director for Japan assumed the positions of First Vice Chair and Second Vice Chair of the APO, respectively.

The Vote of Thanks was delivered by Prof. Anwar Sanusi, APO Chair (2026–27), followed by a group photograph of all dignitaries and delegates.

The Day 1 proceedings commenced with the Plenary Session, during which the Governing Body considered agenda items relating to the approval of the agenda; election of the APO Chair and Vice Chairs for 2026–27; statements by the outgoing and incoming APO Chairs; adoption of annual and financial reports; appointment of auditors; recommendations of the APO Vision 2030 Steering Committee; and the APO preliminary budget for the 2027–28 biennium.

Following the inaugural programme, the Governing Body Meeting reconvened for further plenary deliberations on proposals for endorsement and progress reports concerning APO governance reforms, financial reporting standards, participation of non-member countries, and the implementation of APO Vision 2030 initiatives.

The closing ceremony of the 68th APO Governing Body Meeting will be held on 22 May 2026

About the Asian Productivity Organization (APO):
The Asian Productivity Organization is a premier intergovernmental organization committed to improving productivity for sustainable socioeconomic development in the Asia-Pacific region through mutual cooperation and policy support. Established in 1961, the APO currently has 21 member economies.

About National Productivity Council (NPC):

The National Productivity Council is an autonomous organization of DPIIT, Ministry of Commerce & Industry, Government of India, dedicated to promoting productivity culture in India through consultancy, training, research, and capacity-building initiatives.

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