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    Lokta Opens Its Agentic Loan Servicing Platform to NBFCs Up to Rs 100 crore, with No Platform Fee for Up to Two Years
    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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    PM Surya Ghar Yojana 2026: How to Get Rs 78,000 Solar Subsidy & Cut Your Electricity Bill
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    ED arrests businessman in DMF-linked money laundering case
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September 2, 2026
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.
September 2, 2026
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Trade facilitation and customs cooperation drive follow-up action on connectivity, regulatory coordination, investment promotion and bilateral commercial engagement.
India-Afghanistan bilateral trade and economic cooperation is being advanced through institutional engagement on trade facilitation, customs cooperation, connectivity, investment and commercial exchange. Priority areas include customs and data-sharing cooperation, visa facilitation for traders, banking and financial cooperation, pharmaceutical and agricultural trade, energy cooperation, tariff concessions, cargo connectivity and port-related matters. Follow-up action covers regulatory cooperation, improved connectivity, investment promotion and business-to-business engagement.
September 2, 2026
Show AI Summary
Residential rooftop solar subsidy requires eligibility, prior approval, registered installation, net metering, commissioning, and verified bank details for direct transfer.
PM Surya Ghar Muft Bijli Yojana provides central financial assistance for eligible grid-connected residential rooftop solar systems, capped at Rs. 78,000 for systems of three kilowatts or more. Applicants must be Indian citizens who own a suitable house, hold a valid electricity connection, and have not received an earlier solar-panel subsidy. Applications require portal registration, distribution-company feasibility approval, installation through a registered vendor, net metering, inspection, commissioning and submission of bank details. Assistance is transferred directly after verification. State-specific net-metering procedures, approvals and additional incentives may apply.
September 2, 2026
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Sovereign credit rating upgrade reflects solid growth, stronger financial systems, and improving fiscal and external resilience.
JCR upgrades India's foreign-currency and local-currency long-term issuer ratings to A- with a stable outlook, citing sustained economic growth, productivity-oriented policies and improved financial-system soundness. Fiscal constraints include elevated deficits, intergovernmental fiscal transfers, electoral-cycle sensitivity, and high combined government debt and interest burdens. Greater emphasis on infrastructure capital expenditure has improved the quality of fiscal spending. External resilience is supported by a contained current account deficit, services surplus and foreign-exchange reserves exceeding short-term external debt.
September 2, 2026
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Personal insolvency bench constitution and repayment-plan eligibility remain contested where a larger tribunal bench stays a third-member order.
Personal insolvency proceedings raised a challenge to the National Company Law Tribunal's authority to constitute a five-member bench after a split verdict. The challenge contended that the mechanism for differing views permits reference to another member or members, but does not authorise a five-member bench. The larger bench stayed the third member's order, restricted asset alienation, and suspended an order permitting settlement of personal-guarantee claims. The dispute concerned the validity of that bench, the split-verdict reference procedure, repayment-plan eligibility, and pending creditor appeals.
September 2, 2026
Show AI Summary
Digital lending app verification enables borrowers to identify regulated lenders, grievance channels, and warning signs before accepting loans.
GoCredit's Loan App Checker allows borrowers to search lending apps against the public Digital Lending App directory and identify the regulated lender, grievance contact and RBI Ombudsman escalation route where a match exists. Regulatory reporting by regulated entities enables app-level verification, while borrowers should also check the lender named in app disclosures and loan agreements. A directory listing is a regulated-entity disclosure, not RBI approval or endorsement. Unmatched apps should be assessed through verification steps and reported through official channels where appropriate.
September 2, 2026
Show AI Summary
Rupee depreciation in early trade reflected oil-price pressures, risk aversion, higher Treasury yields and broad dollar strength.
Early foreign-exchange trading saw the rupee weaken against the US dollar amid renewed US-Iran tensions, risk aversion, higher Brent crude prices, and a stronger dollar. Safe-haven demand, inflation concerns linked to potential oil-supply disruption, expectations of a September Federal Reserve rate increase, and higher US Treasury yields supported the broad dollar rally. RBI monitoring of the rupee's decline was noted.
September 2, 2026
Show AI Summary
Responsible AI governance requires ethical safeguards, privacy protection, accountability and adaptive oversight to build lasting corporate stakeholder trust.
Responsible artificial intelligence governance requires continuous innovation, inclusive development, responsible deployment and trust-based governance. AI systems should be ethical, safe, transparent, fair and human-centric, with safeguards for privacy, bias, security and accountability. Proportionate and adaptive regulation should provide clear accountability, standards, monitoring, auditability and grievance redressal. Good governance, cybersecurity, personal data protection and responsible AI together strengthen organisational resilience, stakeholder trust, transparency and sustainable innovation.
September 2, 2026
Show AI Summary
E-auction of surplus public land enables transparent outright sale of RINL parcels through registered, KYC-verified bidding.
National Land Monetization Corporation will facilitate the e-auction and outright sale of 459 encumbrance-free RINL land parcels, including residential plots and parcels suited for commercial and logistics use. Competitive bidding will occur through the RailTel E-Nivida e-procurement platform. Participation requires online registration, KYC verification, and plot-wise submission of an earnest money deposit within prescribed timelines. The process supports transparent monetisation of surplus land and non-core public assets.
September 2, 2026
Show AI Summary
Competition approval for infrastructure finance restructuring covers acquisition, minority transfer, investment divestment, and merger of regulated NBFCs.
Competition Commission of India approval applies to the acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd., a subsequent minority share acquisition by ICICI Bank Limited, and Aseem's divestment of its shareholding in NIIF Infrastructure Finance Limited to National Investment and Infrastructure Fund II. Following the acquisition, Climate Finance India Private Limited is intended to merge into Aseem as the surviving entity. The entities involved include RBI-registered non-deposit taking NBFCs operating in infrastructure finance, investment and credit, and infrastructure debt financing.
September 2, 2026
Show AI Summary
Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
Competition Commission approval covers KCIL's acquisition of up to 100% equity shareholding in AFCPL and 100% equity shareholding in ASHPL. The combination includes KCIL issuing equity shares and optionally convertible debentures to AHLL, representing 9.9% fully diluted shareholding as partial consideration, together with a further KCIL equity investment by Arvon Investments Pte. Ltd. KCIL operates mother and baby care hospitals, while AFCPL provides assisted reproductive treatment and reproductive-medicine services.
September 1, 2026
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Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.
September 1, 2026
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Foreign exchange market dynamics: rupee appreciation reflected portfolio inflows, domestic growth, and possible central-bank intervention amid external pressures.
The rupee appreciated against the US dollar, supported by domestic growth, controlled fiscal slippage, portfolio-related inflows and possible Reserve Bank of India intervention. Its gains were limited by weak equity markets, rising crude oil prices and a stronger dollar. External geopolitical tensions and hawkish US monetary signals remained potential pressures. Domestic indicators showed strong economic activity, while the current account deficit widened because of a higher merchandise trade deficit. Foreign portfolio inflows continued despite investors remaining net sellers during the year.
September 1, 2026
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Current account deficit widened as merchandise trade deficit increased, notwithstanding stronger services receipts, remittances, and foreign direct investment inflows.
India's current account deficit widened in the first quarter of 2026-27 as the merchandise trade deficit increased. Higher net services receipts, increased personal transfer receipts and lower net primary-income outgo partly supported the external account. Financial-account movements included higher net foreign direct investment inflows, a shift in foreign portfolio investment from net inflow to net outflow, and lower net inflows through non-resident deposits and external commercial borrowings. Foreign exchange reserves declined on a balance-of-payments basis during the quarter.
September 1, 2026
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Technology-enabled tax compliance and enforcement supported higher commercial tax collections, while GST rate reductions moderated sectoral net GST growth.
Technology-enabled tax administration supported commercial tax and net GST collection growth in Andhra Pradesh during August 2026 and the cumulative period through August. AI-based analytics and scrutiny, IGST reversals, UPI-based enforcement, registration verification, Aadhaar authentication, digital payment enablement, predictive analytics and data sharing strengthened compliance, scrutiny and revenue mobilisation. Petroleum VAT, professional tax, liquor VAT and IGST settlement also increased, while GST rate reductions moderated net GST performance in specified product sectors.

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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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