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    Moongipa Capital Finance Unveils Its Next Growth Chapter with Digital Transformation and Entry into Electric Vehicle Financing
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July 7, 2026
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Digital lending and electric vehicle financing drive Moongipa Capital Finance's strategic expansion and technology-led growth.
Moongipa Capital Finance Ltd., an RBI-registered NBFC-ICC, has announced a strategic expansion centred on digital transformation and entry into electric vehicle financing. The company is strengthening its lending model through a technology-enabled ecosystem intended to support faster credit decisions, paperless onboarding, workflow automation, loan origination, servicing, and customer engagement, while stating that underwriting, pricing, compliance, and credit approval remain its own responsibility in line with RBI Digital Lending Guidelines.
July 7, 2026
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Co-lending and financial inclusion can expand affordable credit, improve last-mile delivery and support underserved borrowers.
Co-lending between banks and NBFCs is presented as a mechanism for expanding affordable formal credit to underserved borrowers and advancing financial inclusion. The framework is said to combine banks' low-cost capital and balance-sheet strength with NBFCs' local market knowledge and last-mile distribution, improving access, speeding disbursement and reducing dependence on informal finance. The RBI's co-lending framework is described as providing clarity on governance, risk-sharing and customer protection.
July 7, 2026
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Leather and footwear exports urged to grow through FTAs, market diversification, stronger standards and sustainability.
Leather and footwear exporters are urged to pursue three-fold growth and raise exports to at least USD 15 billion by using Free Trade Agreements, diversifying destination markets and strengthening quality, design, branding, sustainability and scale. The sector is also encouraged to deepen institutional and technical capabilities through leather development centres, design and packaging institutions, quality and standards bodies, and advanced testing laboratories, while improving worker training, product standards, safe manufacturing and sustainability.
July 7, 2026
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Energy statistics harmonization advances with new methodologies for coal, biofuels, captive electricity and electric vehicle data gaps.
Strengthening India's energy statistics framework requires harmonized definitions, classifications, conversion factors and estimation methods across line ministries to improve consistency, comparability and international alignment. The committee recommended adoption of standard industrial and energy-product classifications, along with uniform conversion factors, for collection and dissemination of energy statistics, and proposed methodologies to refine sectoral end-use consumption estimates for coal and electricity using the Annual Survey of Industries database. The report further identified significant gaps in biofuel consumption data and in capturing electricity consumption through captive or off-grid modes and by electric vehicles. For these areas, it proposed initial methodological frameworks to be refined for incorporation into the energy-balance database.
July 7, 2026
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Bilingual online management education expands access while preserving academic rigour through structured learning and accountable evaluation.
IIM Udaipur virtually inaugurated its BBA Program as a bilingual, online-enabled management education initiative designed to widen access while maintaining academic rigour. The program combines digital delivery with offline examinations, faculty-led structured learning, regular assessment and scholarship support, and was presented as a model for accessible yet high-quality management education.
July 7, 2026
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Provident fund payment integration streamlines digital statutory compliance through EPFO portal transactions and instant challan confirmation.
IDFC FIRST Bank has been integrated with the Employees' Provident Fund Organisation platform to facilitate provident fund payments through its retail and corporate internet banking channels. The arrangement enables establishments to create challans on the EPFO portal, select the bank as payment option, complete transactions digitally, and obtain real-time confirmation and instant challan downloads for reconciliation and record-keeping.
July 6, 2026
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Bail in sexual harassment and forced conversion allegations turns on grave accusations, witness tampering risk, and coercion claims.
Bail proceedings arose from allegations of sexual harassment, deceitful sexual relations, caste-based abuse, and attempts to coerce religious conversion against employees connected with a TCS unit in Nashik. One accused was granted bail, another was denied bail on the ground that the accusations were grave and that the possibility of tampering with evidence, intimidating witnesses, or fleeing from justice could not be ruled out; a reasoned order on the woman accused's bail was not available in the text, though she had sought bail on the ground of pregnancy.
July 6, 2026
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Landing and parking charges waiver for domestic flights at major airports is reported to have lapsed without extension.
Landing and parking charges at major airports were reduced by 25 per cent for domestic flights for a three-month period under the civil aviation ministry's directive, implemented by AERA in response to West Asia turmoil and related airline financial stress. Airport operators have not received any extension order, and the reduced aeronautical tariff is reported to have lapsed.
July 6, 2026
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Forged GST invoices and hawala routing allegedly enabled a border smuggling and money-laundering network for areca nut trade.
An alleged organised syndicate smuggled foreign-origin areca nut across the India-Myanmar border and channelled the proceeds through a laundering network using forged GST invoices, bogus supplier and buyer entities, false transport documents and hawala routes. The alleged operation involved suppliers in Mizoram, facilitators in Assam, consignees and financiers in West Bengal and Uttar Pradesh, and an invoicing entity in Kolkata said to have enabled circular trading. The investigation, conducted under the Prevention of Money Laundering Act, involved multi-state searches and the seizure or freezing of diaries, title deeds, property documents, cash and bank accounts.
July 6, 2026
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Rupee depreciation against the US dollar reflects dollar strength, rate-hike expectations, and foreign exchange reserve pressures.
The rupee depreciated against the US dollar as the strengthening greenback weighed on emerging market currencies, despite firm domestic equities and softer crude oil prices. Market participants cited expectations of a further US rate hike, importer hedging demand, and dollar strength as key influences. The report also noted foreign institutional inflows into equities and observed that fresh inflows may support reserve rebuilding rather than allowing the rupee to appreciate sharply. India's foreign exchange reserves declined in the latest weekly update after a prior increase.
July 6, 2026
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India-EFTA TEPA expands seafood market access through tariff concessions, export facilitation, and new investment opportunities for exporters.
India-EFTA TEPA is described as a trade and investment framework that expands market access for Indian seafood exporters through tariff concessions, export facilitation, regulatory alignment and investment collaboration. The agreement is said to support technology transfer, joint ventures and opportunities across the seafood value chain, while discussions focused on compliance requirements, quality standards and strategies for strengthening exports to EFTA markets.
July 6, 2026
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Offer for sale drives NSE's planned public issue, with major shareholders set to divest equity.
The National Stock Exchange is targeting a large initial public offering in September through an offer for sale of 14.89 crore equity shares, with existing shareholders proposed to divest nearly 6 per cent of the exchange's equity. The issue is expected to value the exchange at over Rs 5 lakh crore, and the exchange is preparing for the public issue by beginning roadshows and appointing merchant bankers, legal advisers and other intermediaries. Major selling shareholders include several institutional investors and public sector entities, while Life Insurance Corporation of India is not participating in the share sale.
July 6, 2026
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Bilingual management education expands access through digital learning, hybrid teaching and practical industry exposure for students.
Technology-enabled bilingual management education was presented as a means of widening access to quality education and reducing the rural-urban divide through an online bilingual BBA programme in Hindi and English. The programme was said to extend management education through digital platforms while maintaining accountability through offline examinations. Strengthening measures included regular physical interaction, soft-skill development, experiential learning through factory, port and industrial-cluster visits, and adoption of global best practices, including digital tools, credit transfers, joint programmes and research internships.
July 6, 2026
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Rupee depreciation against the US dollar reflects a stronger greenback, rate-hike expectations, and range-bound trading.
The rupee depreciated against the US dollar amid a firmer greenback and broader pressure on emerging market currencies, closing at 95.38 after trading within a narrow intraday range. Market commentary attributed the movement to expectations of a further US rate hike, while domestic equity strength and lower crude prices provided some support. Foreign exchange conditions were also influenced by developments in India's external buffers, with forex reserves declining in the latest reporting week after a prior increase.
July 6, 2026
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Forged identity documents racket allegedly used websites, digital wallets, and fake QR codes to produce counterfeit government records online.
An inter-state racket allegedly used websites to prepare and sell forged government identity documents after online payment, including Aadhaar cards, voter identity cards, PAN-related documents, residence certificates, caste certificates, birth and death certificates, and similar records. The portal allegedly let users recharge a digital wallet, enter fictitious details, and upload photographs to generate documents resembling genuine government-issued identity papers, with QR codes that were not linked to the official database.
July 6, 2026
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Bullion prices ease as a stronger dollar and Fed rate expectations weigh on gold and silver demand.
Gold and silver prices declined in domestic and overseas markets as a firmer US dollar, weak bullion demand and broader global cues prompted traders to trim positions in precious metals. The outlook remained cautiously positive on easing inflation and weak US jobs data, but expectations of elevated interest rates were noted as a constraint on any sharp upside in bullion prices.
July 6, 2026
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AI and FinTech partnership accelerates enterprise banking solutions through a direct startup pathway into regional financial services.
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July 6, 2026
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Digital savings account offerings expand customer choice with paperless onboarding, Video KYC, monthly interest payouts and flexible banking access.
AU Small Finance Bank has introduced a full range of savings account products for different customer segments, with options such as AU Digital, AU Royale, AU Platinum, AU Value, AU Vikaas, AU Swadesh, AU Kids and AU Kisan. The offering centres on digital convenience, paperless account opening, Video KYC, mobile and net banking access, debit card choices, competitive interest rates and monthly interest payouts. The accounts remain subject to eligibility, internal policies and applicable terms and conditions, and deposits are covered under DICGC up to the prescribed limit.
July 6, 2026
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Rupee weakness against the US dollar reflects dollar strength, reserve rebuilding by the central bank, and persistent market caution.
The rupee weakened in early trade against the US dollar, opening lower and trading at 95.28 after a decline of 10 paise, as broad dollar strength in overseas markets weighed on the currency. Market participants said the central bank is likely to use fresh foreign inflows to rebuild reserves rather than allow excessive appreciation. India's foreign exchange reserves also declined in the latest weekly reporting period after earlier pressure on the rupee had led to intervention through dollar sales.
July 6, 2026
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Export promotion of premium Kashmir cherries and plums opens new overseas market access for growers.
APEDA facilitated the first export shipment of premium Areko cherries and Scentrose plums from Jammu & Kashmir to the United Arab Emirates, highlighting the export potential of the region's horticultural produce. The shipment from Shopian and Pulwama was presented as a market-access initiative for premium Indian fruits, supported by export promotion, quality enhancement, buyer outreach and export facilitation measures. The initiative was linked to better price realisation, wider adoption of export-oriented production practices and stronger global presence for fresh fruit exports.

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News and Press Release

Flash Report on Central Sector Infrastructure Projects worth ₹150 crore and above

August 25, 2026

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PAIMANA Portal tracks 1,775 Infrastructure Projects worth ₹37.11 lakh crore as of July 2026

The Ministry of Statistics and Programme Implementation (MoSPI) continues to strengthen monitoring of Central Sector infrastructure projects through its PAIMANA platform, enabling improved tracking, timely reviews, and data-driven decision-making across Ministries. The portal tracks 1,775 Infrastructure Projects worth of ₹37.11 lakh crore as of July 2026.

Key Highlights

  • As of July 2026, 1,775 ongoing infrastructure projects, with a total revised cost of ₹37.11 lakh crore, are being monitored across 17 Central Ministries/Departments. The cumulative expenditure incurred on these projects stands at ₹19.26 lakh crore, accounting for approximately 51.91 per cent of the revised project cost, indicating steady progress in project implementation.
  • A significant proportion of projects are at advanced stages, with 675 projects (~38%) achieving over 80% physical progress, while 305 (~17%) have crossed 80% financial completion. The data also reflects a balanced pipeline, with projects distributed across early and advanced stages of implementation.
  • The Transport & Logistics sector (as per the DEA’s Harmonized Master List) accounts for the highest number of ongoing projects (1246 projects), with revised estimates of ₹19.81 lakh crore underscoring priority to connectivity-driven infrastructure growth.
  • 1,775 ongoing infrastructure projects include 735 Mega projects (project cost of ₹1,000 crore & above) with an original cost of ₹28.77 lakh crore, and 1,040 Major projects (project cost below ₹1,000 crore and up to ₹150 crore) amounting to ₹4.93 lakh crore.
  • Physical and financial progress broadly move in tandem, with a large number of projects clustered at the initial (0–20%) and advanced (81–100%) stages, indicating a pipeline of newly-started projects alongside many nearing completions. While physical progress exceeds financial progress in the 81–100% range, financial progress is relatively higher in the early stages, reflecting upfront expenditure patterns in project implementation.

2.   Ministry/ Departments-wise progress of Infrastructure Projects

  • Ministry of Road Transport & Highways accounts for the highest number of projects, with 993 projects (56%), and a share of total revised project cost of ₹9.62 lakh crore (26%), highlighting its central role in national infrastructure development.
  • Ministry of Railways is implementing 190 projects (11%), with a total revised project cost of ₹6.38 lakh crore (17%).
  • Ministry of Coal accounts for implementing 121 projects (7%), with a total revised project cost of ₹2.22 lakh crore (6%).
  • The Ministry of Petroleum & Natural Gas, Ministry of Power, Ministry of Housing & Urban Affairs, and the Department of Water Resources, River Development & GR are implementing 103, 98, 50, and 38 projects, with associated revised costs of ₹4.23 lakh crore, ₹6.08 lakh crore, ₹3.78 lakh crore, and ₹2.01 lakh crore, respectively.
  • The remaining 182 projects (10%), with a total revised cost of ₹2.78 lakh crore (8%), are distributed across various Ministries/Departments including Higher Education, Civil Aviation, Steel, Telecommunications, Labour & Employment, Ports, Shipping & Waterways, Health & Family Welfare, Mines, DPIIT, and Sports. (Refer Annexure I)

3.   Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) Progress of Infrastructure Projects

  • Transport & Logistics remains the dominant sector, accounting for 53% of total revised project cost (₹19.81 lakh crore) across 1,246 projects (70% of the total Projects), underscoring the central role of Roads & Highways, Railways, Aviation, Urban Public Transport, Shipping, and Inland Waterways in economic integration and logistics efficiency.
  • The Energy sector follows with 29% of aggregated revised cost (₹10.66 lakh crore) across 205 projects, reflecting sustained emphasis on Oil & Gas infrastructure, electricity generation, transmission and distribution networks, and energy storage systems.
  • Communication infrastructure, with a project cost of ₹1.34 lakh crore (4%) across 31 projects, represents targeted interventions aimed at strengthening digital connectivity.
  • Water & Sanitation projects account for ₹2.05 lakh crore (5%) across 53 projects, highlighting continued focus on essential urban services.
  • Social & Commercial infrastructure, comprising 91 projects with a revised project cost of ₹0.99 lakh crore (3%), reflects selective investments in education, healthcare, real estate, and tourism, hospitality and wellness.
  • Projects classified under ‘Others’, amounting to ₹2.26 lakh crore (6%) across 149 projects, indicate diversification across sectors such as coal, steel, metals, and mining.

(Refer Annexure II)

4.   Completed Projects and New Additions

  • During July 2026, notable commissioned projects include-
    • Project – “Srikakulam Angul Gas Pipeline Project” (₹2,810 crore) of Ministry of Petroleum & Natural Gas.
    • Project – “Aligarh-Kanpur Pkg I [Aligarh-Bhadwas]” (₹2,069.6) and “Dwarka Expressway Pkg-III Delhi/HR Border to Start of RoB Gurugram (₹2298.37)” of Ministry of Road Transport & Highways.
    • Project – “Transmission System for Evacuation of power from Potential RE Zone in Khavda Area of Gujarat under phase IV 7GW-Part E4” (₹ 224.41 crore) of Ministry of Power.
  • During July 2026, 36 additional projects were brought under the monitoring of PAIMANA. Of these 16 are from Department of Telecommunications, 9 are from Ministry of Steel, 6 are from the Ministry of Road Transport & Highway, 3 are from Department for Promotion of Industry & Internal Trade, 1 from Ministry of Housing & Urban Affairs and 1 from Ministry of Power. These include:
  • “Meja Thermal Power Project, Stage-II, (3x800 MW)” (₹ 38,358 crore)
  • Jaipur Metro Rail Project Phase 2 (Prahladpura to Todi Mod)” (₹ 13,037.66 crore).
  •  “6 Lane Greenfield Varanasi- Ranchi- Kolkata Highway from Chatra to junction with NH- 100 in Deoria village from km 222.000 to km 253.000 Pkg -9” (₹ 1,418.16 crore).

5.   Next date of Press Release: Flash Report for the month of August 2026 would be released on 25th September 2026.

Note

  1. The press release summarizes highlights from the MoSPI’s Flash Report (July 2026) on Central Sector Infrastructure Projects (₹150 crore and above), available at https://paimana-proj.mospi.gov.in/ or via the QR code(below).
  2. The project monitoring interface of PAIMANA is renamed as PAIMANA-PROJ (earlier called as PAIMANA). Further, the PAIMANA-CRIP (Central Repository of Infrastructure Projects), launched by MoSPI in July 2026, serves as the underlying data repository/input layer. Nearly 80% of data are updated via API’s on PAIMANA-CRIP portal that serves as a national central repository of infrastructure projects contributing towards standardized infrastructure monitoring and support informed decision-making for nation-building.

Annexure I

Ministry/ Departments-wise progress of Central Sector Infrastructure Projects

S. No

Ministry/ Department

Project Count (number)

Revised Cost

(₹ Lakh cr.)

Cumulative Expenditure           (₹ Lakh cr.)

1

Ministry of Road Transport & Highways

993

9.62

4.61

2

Ministry of Railways

190

6.38

4.59

3

Ministry of Coal

121

2.22

0.60

4

Ministry of Petroleum & Natural Gas

103

4.23

2.28

5

Ministry of Power

98

6.08

2.10

6

Ministry of Housing & Urban Affairs

50

3.78

1.97

7

Department of Water Resources, River Development & GR

38

2.01

1.42

8

Ministry of Health & Family Welfare

35

0.26

0.11

9

Department of Telecommunications

31

1.34

1.03

10

Department of Higher Education

30

0.15

0.09

11

Ministry of Steel

27

0.30

0.13

12

Ministry of Civil Aviation

25

0.23

0.12

13

Department for Promotion of Industry & Internal Trade

12

0.21

0.02

14

Ministry of Labour and Employment

9

0.02

0.01

15

Ministry of Ports, Shipping and Waterways

6

0.14

0.10

16

Ministry of Mines

6

0.12

0.07

17

Department of Sports

1

0.01

0.01

 

Grand Total

1775

37.11

19.26

 

Annexure II

Sector-wise (as per DEA’s Harmonized Master List of Infrastructure) progress of Central Sector Infrastructure Projects

S. No

HML Category

Project Count

(number)

Revised Cost      (₹ Lakh cr.)

Cumulative Expenditure      (₹ Lakh cr.)

1

Transport & Logistics

1246

₹ 19.81

11.23

2

Energy

205

₹ 10.66

4.43

3

Water & Sanitation

53

₹ 2.05

1.45

4

Social & Commercial

91

₹ 0.99

0.39

5

Communication

31

₹ 1.34

1.03

6

Others

149

₹ 2.26

0.73

 

Total

1775

37.11

19.26

***

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