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    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
    Over 745 gram gold paste seized at IGI; Customs nab carrier, receiver
    Quebec remains cautious on Canada-US trade deal as Ottawa pushes to restore US alcohol
    No cases of foreigners getting Aadhaar, other govt benefits reported during SIR in K'taka: Minister
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31; caps sugar stock for bulk consumers
    Govt allows free imports of 10 lakh tn raw sugar until Oct 31
    DFS Organises Workshop to Strengthen Implementation of Reservation Policy Across Public Financial Institutions
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    MSMEs are the true builders of India’s economic resilience: LG Sinha
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August 21, 2026
Show AI Summary
Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
August 20, 2026
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Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
August 20, 2026
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Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
August 20, 2026
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Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.
August 20, 2026
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Raw sugar tariff-rate quota permits duty-free imports while bulk consumers face consumption-based sugar stockholding limits.
Raw sugar imports are permitted duty-free under a tariff rate quota until 31 October 2026, with online allocation to eligible millers and refiners having functional refining capacity. Applicants must provide a refining-capacity declaration and supporting Consent to Operate; preference applies to importers undertaking timely completion of imports, while non-utilisation or failure to surrender allocations constitutes non-compliance. Bulk sugar consumers meeting the prescribed consumption threshold are subject to a stock cap of 15 days' consumption from 1 September to 30 November 2026.
August 20, 2026
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Duty-free raw sugar imports under tariff rate quota seek to improve domestic supply and contain rising sugar prices.
Duty-free import of 10 lakh metric tonnes of raw sugar is permitted under a tariff rate quota until 31 October 2026. The import-policy measure seeks to increase domestic raw-sugar availability and restrain rising local prices amid reduced opening stocks. Price-containment measures also include a stockholding limit for bulk consumers using more than 10 tonnes of sugar monthly, restricting holdings to 15 days' consumption.
August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
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Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
August 19, 2026
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Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
August 19, 2026
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MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
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Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
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Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.

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Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps

August 10, 2026

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DPIIT collaborates with Cashfree Payments to strengthen digital infrastructure support for startups

DPIIT partners with Darwin Dynamics LLP to strengthen entrepreneurship development and startup ecosystem

DPIIT signs MoU with Vultr India Pvt Ltd. to strengthen cloud infrastructure support for startups

DPIIT signs MoU with Cars24 Services Private Limited to strengthen AI-driven mobility innovation and startup ecosystem

DPIIT Forges  Tie-Up with Council for Startup India to strengthen growth and global competitiveness of Indian startups

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has announced a series of strategic Memoranda of Understanding (MoUs) with key industry leaders and ecosystem enablers—Cashfree Payments, Darwin Dynamics, Vultr India, Cars24, and the Council for Startup India (CSI).

Enhancing Digital Payment Infrastructure and Fintech Capabilities with Cashfree Payments

DPIIT has signed a Memorandum of Understanding (MoU) with Cashfree Payments India Private Limited to strengthen support for DPIIT-recognised startups by enhancing access to digital payment infrastructure, financial technology solutions, and capacity-building initiatives. The collaboration seeks to combine DPIIT's institutional reach with Cashfree Payments' expertise in digital payments to enable startups to scale efficiently and contribute to India's innovation-led growth.

Under the partnership, eligible startups will receive access to secure and scalable payment and payout solutions, identity verification and risk management services, along with preferential onboarding support and commercial benefits. The collaboration will also facilitate founder workshops, mentoring sessions, AI buildathons, hackathons, and knowledge-sharing programmes to build capabilities in areas such as digital payments, compliance, fraud prevention, KYC, cross-border transactions, and emerging technologies.

Expanding Inclusive Entrepreneurship and Deep-Tech Innovation with Darwin Dynamics

DPIIT has signed a Memorandum of Understanding (MoU) with Darwin Dynamics LLP to strengthen entrepreneurship development and foster a more inclusive, innovation-driven startup ecosystem in India. The partnership aims to expand the reach of the Startup India initiative by promoting entrepreneurship across Tier II, Tier III and rural regions, while enabling greater access to mentorship, institutional networks, market opportunities and capacity-building support for startups.

Under the collaboration, Darwin Dynamics will work to facilitate startup formalisation, strengthen entrepreneurship awareness, support capacity-building programmes, and promote innovation in strategic sectors including clean energy, green hydrogen, artificial intelligence, climate technologies and advanced manufacturing.

The organisation will also undertake structured initiatives including startup outreach and formalisation drives, entrepreneurship bootcamps, mentor network development, international market access programmes, investor connect initiatives, and policy research studies. The collaboration is expected to create new opportunities for startups, particularly youth, women entrepreneurs, first-generation founders and innovators from underserved regions, while contributing to India's vision of becoming a globally competitive innovation-led economy.

Boosting Technology and Cloud Infrastructure Access with Vultr India

The collaboration with Vultr India Pvt Ltd focuses on  strengthening the technology infrastructure available to DPIIT-recognised startups. The collaboration aims to enhance startups' access to cloud computing resources, technical capacity-building, and digital infrastructure, enabling them to build, scale and innovate more efficiently.

Under the partnership, eligible DPIIT-recognised startups will have access to cloud credits, preferential pricing, and technical support through Vultr's startup programmes. The collaboration also includes structured training sessions and technical handholding on cloud infrastructure, covering areas such as cloud computing, storage, databases, Kubernetes, networking, and application deployment to strengthen startups' technology capabilities.

The cloud computing company will also explore participation in Startup India and DPIIT-led events to further engage with the startup ecosystem and promote technology adoption. The partnership is expected to support startups in leveraging advanced cloud infrastructure, reducing technology adoption barriers, and accelerating the development of innovative, globally competitive digital solutions.

Driving Mobility, Auto-Tech, and AI Innovation with Cars24

DPIIT has partnered with Cars24 Services Private Limited to foster innovation, entrepreneurship and capacity building in India's mobility and automotive technology ecosystem. The collaboration aims to strengthen the startup ecosystem by supporting AI-driven innovation, founder development, skilling, investment opportunities and road safety initiatives.

The auto-tech company aims to provide structured mentorship to startup founders, promote mobility and autotech skilling programmes, facilitate AI-focused technology enablement, and organise innovation challenges and hackathons to encourage startup-led solutions. The collaboration will also support promising startups through investment evaluation and ecosystem engagement, particularly in the areas of mobility and artificial intelligence.

The partnership is expected to strengthen India's innovation ecosystem by enabling startups to develop cutting-edge mobility solutions, enhance execution capabilities, and contribute to the advancement of safe, sustainable and technology-driven transportation.

Accelerating Investment, Governance, and Global Scaling with Council for Startup India (CSI)

DPIIT has signed a Memorandum of Understanding (MoU) with the Council for Startup India (CSI) to strengthen support for DPIIT-recognised startups by facilitating access to investment, strategic partnerships, mentorship, leadership development and global markets. The collaboration aims to accelerate the growth of innovation-driven enterprises by enabling startups to scale sustainably and strengthen their global competitiveness.

As part of the MoU, CSI will support startups through dedicated programmes on investment readiness, corporate engagement, CFO matchmaking, global market access, and international innovation collaborations. It will also facilitate corporate partnerships, support founders in governance, financial readiness, compliance and international expansion, and strengthen linkages between startups, investors, industry and policy stakeholders.

The partnership is expected to enhance access to finance, mentorship and commercial opportunities for startups, while contributing to the growth of a robust, globally competitive and innovation-led startup ecosystem in India.

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