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    Railways operates first-ever direct freight train from Kolkata Port to Nepal's Biratnagar
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July 28, 2026
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Direct containerised rail freight movement enables seamless Kolkata Port-to-Biratnagar cargo transport without border transshipment under revised transit arrangements.
Direct containerised rail freight movement between Kolkata Port and Biratnagar Customs Yard has commenced under the revised India-Nepal Rail Transit Protocol. The service enables end-to-end commercial rail carriage without border transshipment through the Jogbani-Biratnagar broad-gauge connection. Implementation of the revised Letter of Exchange operationalises direct commercial rail access, intended to reduce transit time, logistics costs and cargo handling while improving supply-chain efficiency, reliability and cross-border trade.
July 28, 2026
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State governance reforms expand housing relief, local audits, MSME support, property records, welfare measures and clean-vehicle tax incentives.
The reforms provide concessional stamp duty and registration charges for eligible Economically Weaker Section housing beneficiaries, a statutory local-audit framework, and incentives for MSMEs and exports. They also establish rules for ownership records in Lal Dora areas and introduce a formula-based urban property-tax assessment framework with exemptions. Welfare measures cover compensation for specified unnatural custodial deaths, ex-Agniveer reservation, and compassionate appointments. Motor-vehicle tax measures provide a rebate for qualifying vehicles registered in women's names and exemptions for new electric vehicles.
July 28, 2026
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Investigation into alleged fund diversion faced scrutiny as agencies were required to disclose progress and decide on regular cases.
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July 28, 2026
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MSME payment-delay reforms propose faster dispute resolution, enforceable settlement recovery, and invoice discounting to strengthen supplier liquidity.
The proposed amendment strengthens delayed-payment dispute resolution for micro and small enterprise suppliers through prescribed adjudication timelines and possible interim payment of at least half the awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and are proposed to be legally enforceable debts under the insolvency framework. Central public sector enterprises would be required to route MSME invoice settlements through the Trade Receivables Discounting System.
July 28, 2026
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Regional rural bank oversight strengthens financial performance, technology adoption, diversified lending and financial inclusion in remote communities.
Regional Rural Banks are regularly reviewed for financial performance, technology upgradation, MSME lending, loan diversification and financial inclusion in rural and remote areas. Their financial health improved over recent years, with growth in deposits, loans, credit-deposit ratio, net worth and capital adequacy, alongside improved asset-quality indicators. Financial-inclusion targets for bank-account access, micro-credit, insurance and pension schemes are set and periodically monitored to extend formal financial services.
July 28, 2026
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Emergency credit guarantee support addresses business liquidity mismatches while public sector banks report stronger asset quality and sectoral lending growth.
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July 28, 2026
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Toy quality regulation and export support strengthen domestic manufacturing, safety compliance, market access, and competitiveness in the Indian toy sector.
Toy-sector measures combine quality regulation, import-duty changes, domestic manufacturing support, export facilitation, and promotional initiatives. The National Action Plan for Toys covers toy design, learning-oriented toys, quality monitoring, restrictions on unsafe imports, indigenous clusters, and domestic production. A Quality Control Order and BIS licensing framework support compliance with toy-safety standards. Cluster assistance, startup recognition, export-duty remission support, and zero-duty market access under specified trade agreements seek to strengthen competitiveness, while stated measures are associated with improved quality conformity, lower imports, and increased exports.
July 28, 2026
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Preferential market access under free trade agreements supports export diversification, labour-intensive sectors, and exporter use of tariff concessions.
India's FTA framework is used to promote preferential tariff utilisation, export diversification and expanded market access. The Government monitors recently operationalised agreements through Certificates of Origin and partner-country trade data. Agreements with the UAE, Australia, Mauritius, Oman and EFTA are associated with increased product-line coverage, tariff preference utilisation and export opportunities. Labour-intensive sectors receive priority through preferential access, while calibrated tariff liberalisation and transition arrangements seek to protect sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal support exporters with market intelligence, rules of origin guidance, trade data and export-performance monitoring.
July 28, 2026
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Preferential Market Access under free trade agreements supports export diversification, labour-intensive sectors, tariff utilisation and data-driven trade facilitation.
Preferential tariff utilisation under recently operationalised trade agreements is monitored through Certificates of Origin and partner-country trade data. Increased certificate issuance and expansion in exported HS-level tariff lines are treated as indicators of export diversification and market penetration. Labour-intensive sectors receive improved market-access opportunities under FTAs, while calibrated tariff liberalisation and transition arrangements preserve policy space for sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal provide exporters and policymakers with market intelligence, Rules of Origin guidance, FTA advisory services and trade-performance analytics.
July 28, 2026
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Sports-quota government recruitment recognised medal-winning student-athletes for public employment across defence, policing, railways and other government institutions.
Sports-quota recruitment enabled medal-winning student-athletes to obtain government employment on the basis of sporting performances at state, national and international levels. Appointments covered armed forces, central armed police and paramilitary organisations, railways, police, the Income Tax Department, a public-sector bank, sports departments and other government institutions. The described sports framework provides scholarships, coaching, infrastructure, dietary support, travel, accommodation, equipment and selection-oriented physical, mental and personality-development training.
July 28, 2026
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Sugar stock controls require dealers to limit inventory duration and quantity, declare holdings, and curb speculative buying.
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July 28, 2026
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Illicit trade prevention requires coordinated regional action through institutional intelligence-sharing, joint enforcement, regulatory alignment and public-private engagement. Proposed measures include risk-based pre-export assurance, shipment controls, digital customs tools and common principles adaptable to sector-specific risks. India is identified as a dialogue partner that can support secure regional trade through enforcement cooperation, intelligence exchange and risk-based governance. Analytical research, market intelligence, product-identification awareness and voluntary track-and-trace initiatives may assist in addressing illicit tobacco trade and strengthening lawful trade integrity.
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Toy-sector competitiveness is advanced through a task force and playbook focused on manufacturing, innovation, quality compliance and exports.
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Examination-paper leakage allegations prompt arrest over arranging teacher recruitment candidates' access to leaked questions before the competitive examination.
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Solar wafer and ingot manufacturing expansion in Odisha advances subject to environmental, water and other regulatory approvals.
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July 27, 2026
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HDFC Bank's board addressed potential divergence from applicable RBI Directions concerning deposits mobilised from the Maharashtra State Road Development Corporation and related marketing-expenditure payments. Based on recommendations of a Special Disciplinary Committee of Independent Directors, it treated the conduct as business overreach rather than mala fide conduct, personal enrichment, or improper motive. Monetary penalties and warning letters were issued to relevant employees, and the board directed communication of the matter to the Reserve Bank of India.

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MCD to launch 5-year PPP policy to modernise school stadiums, offer free sports coaching

July 30, 2026

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New Delhi, Jul 30 (PTI) The MCD is set to launch a five-year policy to upgrade and operate sports infrastructure at its school stadiums through the public-private partnership (PPP) model, allowing private players to develop and commercially run the facilities while providing free coaching to the civic body's school students.

According to the policy titled "Policy for Development and Operation of Sports Infrastructure in MCD Stadiums under Control of Education Department in PPP Mode, 2026," and seen by PTI, the civic body aims to modernise under-utilised sports facilities without any capital expenditure from it.

According to the officials, the civic body's education department currently has 14 stadiums with minimal facilities for sports such as football, cricket, volleyball, badminton, and athletics, where the infrastructure upgrade under the PPP model will be undertaken.

Under the policy, private operators selected through a two-stage bidding process will bear the entire cost of construction, refurbishment, operation and maintenance of the stadiums.

In return, they will be allowed to offer paid coaching and sports facilities to the public outside school hours, the officials said.

The policy says "MCD intends to ensure all stadiums under the education department provide free access to organised sports training for enrolled students while also offering professionally managed coaching programmes for the wider community on commercial terms." The officials said the policy permits operators to develop sports infrastructure, such as football turfs, cricket practice facilities, tennis, basketball, volleyball and badminton courts, athletics tracks and sports science centres, besides common amenities including changing rooms, washrooms, cafeterias, first-aid rooms and security systems, subject to approval by the higher authorities.

"To monitor student progress, all enrolled students will undergo baseline fitness assessments before coaching begins. The tests will cover body mass index (BMI), a 30-metre sprint, standing broad jump and a 300-metre run," the policy states.

Furthermore, the policy states, "Student performance will be tracked through a digital athlete profiling system, with all data remaining the property of the MCD." The policy also mandates dedicated initiatives to encourage participation of girls in sports and community outreach programmes such as weekend sports activities and neighbourhood tournaments.

According to the policy, the operator selection process will comprise a technical eligibility stage followed by a detailed evaluation carrying 100 marks, which include experience in the sports sector, experience in PPP projects and experience in conducting and managing sports leagues.

To qualify, applicants must be registered companies, trusts or societies engaged in sports activities with experience in multi-sport coaching, curriculum development and organising national-level coaching centres or sporting events.

At least one founder, co-founder or promoter must have represented India or a state, university or school team at a national championship.

The detailed evaluation will assess bidders on parameters including organisational experience in sports, execution of government or PPP projects, conduct of tournaments, technical manpower, athlete database management, talent identification systems and use of technology such as QR-based attendance, booking platforms and athlete monitoring systems.

The policy allows operators to determine pricing and programmes for external users, subject to fulfilment of obligations towards MCD students.

According to the policy, gross revenue, on this, the civic body's share will be calculated, will include income from coaching programmes, user fees, sponsorships, branding, advertising, ticketing, leagues and other commercial activities.

Revenue generated from programmes conducted for MCD school students will be excluded.

Operators will have to deposit MCD's revenue share every month within 30 days, failing which an interest of 12 per cent per annum will be charged.

The civic body may also prescribe a Minimum Guaranteed Annual Payment (MGAP).

The agreement with selected operators will initially be valid for five years and may be extended for another five years based on performance, mutual consent and public interest.

The policy also makes compliance with child protection norms, including the POCSO Act, mandatory. It requires all financial transactions, including fee collection and payment to coaches, to be routed through a designated bank account and prohibits cash transactions.

Entities undergoing insolvency proceedings under the Insolvency and Bankruptcy Code or those found violating statutory or child safety norms will be disqualified, the policy states.

The MCD currently oversees a total of 17 stadiums spread across various zones.

Out of these 17 sports venues, 14 fall directly under the control of the education department, while two are managed by the horticulture department and one, Jharoda Mini Stadium in the Najafgarh Zone, remains under the engineering department awaiting official handover to the education department.

The list includes key sports facilities such as Khatu Shyam Stadium, Madipur Stadium, Punjabi Bagh Stadium, Dr Sahib Singh Verma Stadium in Kakrola, Rani Jhansi Stadium, Satyawati Stadium, Bhagat Singh Stadium, Shanti Desai Stadium, and multiple venues across Delhi.

While several of these facilities feature dedicated indoor arenas or track and field layouts, others are currently marked without specified infrastructure, highlighting the immediate scope for development under the new PPP framework, the officials said. PTI VBH APL APL

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