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August 10, 2026
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UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
August 10, 2026
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Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
August 10, 2026
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Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
August 9, 2026
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Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
August 9, 2026
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GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
August 9, 2026
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Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
August 9, 2026
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Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
August 8, 2026
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Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
August 8, 2026
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Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
August 8, 2026
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Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
August 8, 2026
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Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
August 8, 2026
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Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
August 8, 2026
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Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
August 8, 2026
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Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
August 8, 2026
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Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
August 7, 2026
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Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
August 7, 2026
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Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
August 7, 2026
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Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
August 7, 2026
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Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
August 7, 2026
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BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.

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Customs & Trade

Powering India's Energy Freedom

August 12, 2026

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NexGen Energia Ltd. on waste, wealth and the road to energy self-reliance As India marks this Independence Day under the theme ‘Honouring Freedom, Inspiring the Future’, we asked NexGen Energia Ltd. — the Noida-based Compressed Biogas (CBG) company betting on India's agricultural waste as a source of energy self-reliance — to reflect on its journey, its philosophy, and its place in the country's clean energy transition.

1. Company genesis NexGen Energia Ltd. was incorporated in February 2019 to address three problems at once: India's dependence on imported fossil fuels, the country's mounting agricultural and organic waste, and the annual crop-residue burning that chokes North Indian skies every winter. The founding conviction was that India's landfills and farms were not liabilities but green fuel fields waiting to be tapped — an insight that shaped NexGen's core business of converting organic waste into Compressed Biogas (CBG), green diesel and bio-fertiliser.

2. Corporate profile Headquartered in Noida with a registered office in Mumbai, NexGen Energia has grown from a single CBG proposition into a diversified clean-fuel platform spanning CBG/Bio-CNG manufacturing and retail, green diesel, bio-coal, EV charging and lubricants. Its first CBG plant was commissioned in Gorakhpur, Uttar Pradesh, with plants now also running in Haridwar and Chennai. Its current plan includes a ten-project portfolio of 10 and 20 TPD CBG plants across Uttar Pradesh, Bihar and Rajasthan — anchored by sites at Bulandshahr, Fatehgarh, Balrampur, Arrah, Kota and Bikaner — at an indicative capex of ₹1,000 crore, with plants at Vijayawada, Indore and Rajkot slated for commissioning by the end of this year.

3. Vision and mission NexGen Energia describes its vision as being “a catalyst for positive change… driving the transition to a sustainable future through biofuels, electric vehicles, and responsible water management.” Its mission translates that ambition into practice: to be a driving force in India's shift to renewable energy, empowering entrepreneurs — from farmers to first-time investors — to set up CBG plants that cut fossil-fuel dependence while converting organic waste into a source of income.

4. Challenges and resilience NexGen entered a sector where ambition has outpaced execution: even with over 200 CBG plants commissioned nationally, capacity remains a fraction of what India's biomass base could support, held back by capital intensity, feedstock-aggregation bottlenecks and long commissioning cycles. The government's newly approved GOBARdhan National Circular Bioenergy Scheme — a ₹23,731 crore, ten-year push for nearly ten-fold growth in domestic CBG production — is designed to close that gap. NexGen's own response has been an asset-light execution model — partnering with landowners rather than acquiring land outright, while retaining full control of design, installation and operations — which has let the company move from a single commissioned plant to a multi-state pipeline without the capital drag of a land-heavy balance sheet.

5. Key achievements Milestones include commissioning its first CBG plant in Gorakhpur, with plants now also running in Haridwar and Chennai; a plan to invest ₹1,000 crore in CBG pumps over a decade; and a nationwide multi-fuel retail stations initiative in collaboration with Oil & Gas PSUs. Three further plants — at Vijayawada, Indore and Rajkot — are slated for commissioning by the end of this year, alongside a ten-project portfolio of 10 and 20 TPD CBG plants taking shape across Uttar Pradesh, Bihar and Rajasthan.

6. Success philosophy NexGen's USP is structural: rather than building and operating plants alone — or requiring partners to also arrange land — it partners directly with landowners holding roughly 10 acres per site, while NexGen itself designs, installs and operates the plant end-to-end. Where most EPC players hand a plant over once it is commissioned, NexGen's forte lies specifically in operations — running the digesters, upgrading systems and offtake logistics for the plant's working life, not just installing and commissioning the machinery. That land-partner model, layered onto India's new GOBARdhan policy tailwinds, lets the company scale a pipeline of owned-and-operated plants without the capital and time lag of outright land acquisition, while giving landowners a stake in a long-term revenue stream — and NexGen full control over execution quality and commissioning timelines. “We are actively looking to partner with landowners who can offer around 10 acres for a CBG plant — NexGen handles the design, installation and operations end-to-end, and the landowner gets a long-term stake in the revenue,” says Anand Dwivedi, Spokesperson, NexGen Energia. Landowners interested in exploring this opportunity can write to [email protected] or visit the company's website.

7. Innovation and technology NexGen's CBG plants use anaerobic digestion — the same dome-digester architecture already operating across India's commissioned CBG fleet — to convert agricultural residue, food waste and animal manure into raw biogas. Its digester technology extends further to spent wash and stillage, the effluent generated by both molasses-based and grain-based distilleries, widening its addressable feedstock base well beyond agricultural residue and municipal waste. For gas upgrading, the company has access to VPSA (Vacuum Pressure Swing Adsorption), membrane separation and amine-scrubbing technologies through associations with technology partners including Thermax and Paques, giving it a choice of purification routes suited to different feedstock and plant-size combinations. Newer projects in its pipeline also diversify beyond fuel and fertiliser sales into briquette sales to industries and aggregators, aimed at better realisations from digestate.

8. Inclusive leadership NexGen's land-partner model is, by design, a distributed one: it opens plant ownership and retail operation to first-generation entrepreneurs, farmers, landowners and small-town investors rather than only large corporates, across states as varied as Uttar Pradesh, Uttarakhand, Haryana, Maharashtra and Madhya Pradesh. Widening who gets to build India's energy infrastructure is a consistent thread across the company's public communication.

9. Global outlook NexGen's international outlook is expressed chiefly through technology rather than geography: its access to VPSA, membrane and amine gas-upgrading routes via its technology partners gives its India-first, land-partner build-out an internationally benchmarked technology stack.

NexGen frames its core business as a social-impact proposition in itself: CBG plants let farmers monetise crop residue instead of burning it, generate bio-fertiliser and briquettes alongside fuel, and create rural income tied to waste management. Its land-partner model extends this further, bringing waste-to-energy infrastructure to landowners and communities who would otherwise have no route into the sector. Beyond enabling others, NexGen's own ambition is to grow a directly owned-and-operated portfolio — the plants already running in Gorakhpur, Haridwar and Chennai, the three more due by year-end in Vijayawada, Indore and Rajkot, and the ten-project pipeline of 10 and 20 TPD plants across Uttar Pradesh, Bihar and Rajasthan together marking early steps toward a much larger self-owned CBG footprint nationally.

11. Industry impact NexGen has positioned itself among the more aggressive private players in India's still-nascent CBG sector, where execution has broadly lagged government ambition — barely a quarter of the Letters of Intent OMCs have issued nationally have converted into operating plants. By pairing an asset-light, land-partner execution model with a concrete, multi-state pipeline — commissioned plants in Gorakhpur, Haridwar and Chennai, three more due by year-end, and a ten-project portfolio of 10 and 20 TPD plants taking shape — the company has pushed toward the front of a field still dominated by public-sector oil marketing companies and a long tail of small, undercapitalised developers.

12. Societal contribution The through-line across NexGen's activities — CBG, green diesel, bio-fertiliser, EV charging — is import substitution and energy security: less reliance on imported crude and gas, income for farmers and landowners who would otherwise burn residue or leave land under-used, and decentralised energy infrastructure reaching towns like Gorakhpur and Haridwar rather than only metros. India's growth will demand a rising share of global energy even as the country works to cut oil imports, currency outflows and emissions — the gap NexGen positions itself to help fill, one commissioned plant at a time.

13. ‘Honouring Freedom, Inspiring the Future’ For NexGen, that theme reads almost literally as energy freedom. Every CBG plant it builds is, in effect, a small act of import substitution — biomethane brewed from Indian crop residue and cattle waste standing in for gas that would otherwise be shipped in. That idea links reduced oil imports and currency outflows to national resilience. Seventy-eight years after independence, NexGen's pitch is that the next chapter of freedom will be measured in energy self-reliance — and it wants CBG to be part of writing it.

For enquiries NexGen Energia Ltd Contact: +91 88005 99662 Email: [email protected] Website: www.nexgenenergia.com (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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