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    APEDA Facilitates Flag-Off of 18 MT of NPOP-Certified Ethnic Rice from Tripura for Export to Austria and the Netherlands
    VR LIVIN’s ‘THE FIRST’ Records Sale of 20 Villas Within Two Days of Launch
    IAAPI Calls for GST Rationalisation to Support Growth and Consumer Demand in India’s Amusement Industry
    ED raids multiple locations in Keralam in hybrid ganja smuggling money laundering case
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    GIFT IFSC emerges as a strong and vibrant international banking hub, mobilises over $52.8 billion under RBI’s FCNR(B) Swap Facility, $11.62 bn in EC...
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    CBI Arrests CGST Additional Commissioner and Two others in Rs. 40 Lakh Bribery Case in Raigad, Maharashtra
    Haryana: SGST collections grow 29 pc in first 5 months of 2026-27
    Lokta Opens Its Agentic Loan Servicing Platform to NBFCs Up to Rs 100 crore, with No Platform Fee for Up to Two Years
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September 3, 2026
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NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.
September 3, 2026
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Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
VR LIVIN Ventures LLP launched 'THE FIRST', an 83-villa gated residential community in Madhavaram, North Chennai, which recorded sales of 20 villas during its first two launch days. The development includes smart-home villas and more than 50 lifestyle amenities, with access to nearby metro connectivity and social infrastructure. It forms part of the company's intended expansion of residential projects in Chennai and other South Indian locations.
September 3, 2026
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GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
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Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
September 3, 2026
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Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.
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.
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September 2, 2026
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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.
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Customs & Trade

Vibrant Gujarat Regional Conference for central part of state to be held in Vadodara in June

May 22, 2026

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Gandhinagar, May 22 (PTI) The Vibrant Gujarat Regional Conference (VGRC) focusing on the central part of the state is scheduled to be held in Vadodara during the last week of June, officials said on Friday.

The region encompasses Ahmedabad, Gandhinagar, Vadodara, Anand, Kheda, Panchmahal, Dahod, Chhotaudepur, Narmada, and Mahisagar districts, accounting for 28 per cent of Gujarat's total manufacturing output, an official release said.

As per district-level data from Annual Survey of Industries 2022-23, central Gujarat contributed 93 per cent of the state's total other transport equipment manufacturing output (which includes railway locomotives, rolling stock, air and spacecraft, two and three-wheeled vehicles), 92 per cent of auto and auto components, 70 per cent of beverages, and 63 per cent each of pharmaceuticals and electrical equipment.

Around 62 per cent of the total area within Gujarat is covered under the influence area of Delhi-Mumbai Industrial Corridor (DMIC), making the state an ideal destination for investors, the release added.

There are two flagship projects of central Gujarat region in various phases of development, namely the 5,560 acre Dholera Special Investment Region (DSIR) and the 2,849 acre Mandal-Becharaji Special Investment Region (MBSIR).

"Vadodara's chemicals and petrochemicals sector accounted for 61 per cent of the district's total manufacturing output. Ahmedabad leads in auto and auto Components (18 pc), textiles (15 pc), basic metals (13 pc), and pharmaceuticals (9 pc). Gandhinagar's manufacturing output is driven by food processing (18 pc), basic metals (17 pc), and chemicals (14 pc)," the release stated.

The state capital also leads the region's electronics and financial technology sectors through the presence of GIFT City, supported by its academic institutions, while Anand's manufacturing base is built on agro and dairy processing (50 pc) and chemicals (12 pc), the release said.

Panchmahal draws its strength from the auto and auto components (23 pc), rubber and plastics (19 pc), and pharmaceuticals (15 pc) sectors.

"Kheda is driven by rubber and plastics products (23 pc) and food processing (22 pc). Narmada's output is dominated by food processing (92 pc), while Chhotaudepur contributed through agro and food processing (56 pc) and Dahod through food processing (48pc)," the release noted.

According to the release, in FY 2024-25, the region's total exports reached USD 20.54 billion, extending central Gujarat's commercial reach across more than 219 countries.

Pharmaceuticals led the export basket at USD 3.67 billion (17.8 pc), followed by nuclear reactors, boilers and machinery at USD 2.79 billion (13.6 pc), electrical machinery and equipment at USD 1.79 billion (8.7 pc), road vehicles and parts at USD 1.47 billion (7 pc), organic chemicals at USD 1.45 billion (7 pc), and dyeing, tanning and colouring matter at USD 1.03 billion (5 pc).

The USA was the largest export destination, accounting for 23.8 per cent ( USD 4.88 billion) of the total, followed by the UAE at 7.3 per cent, Thailand at 3 per cent, the UK at 2.8 per cent, and Saudi Arabia at 2.7 per cent, it added.

For the upcoming VGRC (central Gujarat), the focus sectors include semiconductors & electronics, IT & ITeS, biotech, pharmaceuticals, aerospace & defence, fintech, auto & auto components, dairy & food processing, education, chemicals & petrochemicals, textiles & apparels, green energy ecosystem, skill development, startups, MSMEs, and tourism & culture, the release said.

VGRC focuses on tourism and culture as a stimulus for regional economic growth.

By promoting heritage tourism and world-class destinations such as the Statue of Unity, central Gujarat aims to attract international visitors and boost local economic activity, it said.

The central Gujarat region stands out as a diverse high-potential version of the state's broader tourism strategy, officials noted.

"Central Gujarat boasts a dense concentration of spiritual, historical, and archaeological landmarks, anchored by iconic sites such as Ahmedabad's Gandhi Ashram, Vadodara's Laxmi Vilas Palace, Gandhinagar's Swaminarayan Akshardham Temple, and Panchmahal's UNESCO World Heritage-listed Champaner-Pavagadh Archaeological Park," the release said.

The region drives initiatives like eco-tourism and experiential travel, focusing on Narmada's globally renowned Statue of Unity, the Nalsarovar Bird Sanctuary, and Panchmahal's scenic Pavagadh Hill corridor.

Furthermore, with major urban centres hosting state-of-the-art facilities like Gandhinagar's Mahatma Mandir, the region acts as a primary hub for lucrative MICE tourism, it added.

Each edition of VGRC brought together industry leaders, investors, policymakers, and academic institutions in a focused regional format, channelling the larger Vibrant Gujarat Global Summit's ethos into concentrated, sector-specific dialogue aligned with the goals of Viksit Bharat@2047, the release said.

The inaugural edition for north Gujarat, held in Mehsana (October 2025), witnessed 1,264 MoUs, projecting investments of Rs 3.25 lakh crore, with 29,000 registrations and participation of 440 international delegates from more than 80 countries, it noted.

This was followed by the Kutch and Saurashtra edition in Rajkot (January 2026) which witnessed 5,492 MoUs with proposed investments of Rs 5.78 lakh crore, 29,000 registrations, as well as participation of 400 international delegates from 57 countries.

In the recent south Gujarat edition in Surat (May 2026), 2,792 MoUs with proposed investments of Rs 3.53 lakh crore were signed, drawing 20,000 registrations and 150 international delegates from 27 countries, the release said. PTI KVM PD BNM

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