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    Asian shares edge higher after Wall Street climb, even as Brent oil keeps rising
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    India Reaffirms Commitment to Rules-Based Multilateral Trading System at WTO Trade Policy Review in Geneva
    Government's Financial Inclusion Mission Continues to Foster Economic Empowerment Through Universal Banking, Social Security and Credit Access
    Tribunal absolves Lalit Modi of FEMA violation in 2009 South Africa IPL event
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    Government and RBI Strengthen Digital Lending Ecosystem Through New Regulatory Framework, Digital Lending App Directory and Enhanced Customer Safeguar...
    A First for India: EbixCash World Money's Perpetual RBI Licence Brings Trade and Family Remittances Within Reach of Millions - Unlocking Opportunities...
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    CARD91 offers its comprehensive PPI Suite to Indian Overseas Bank with RuPay NCMC Capability
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    India’s 8th Trade Policy Review at WTO Scheduled on 21 and 23 July 2026
    India Becomes a Party to the WTO Agreement on Fisheries Subsidies by Depositing its Instrument of Acceptance
    FIRST PRESS RELEASE OF INDEX OF CORE INDUSTRIES OF NEW SERIES WITH BASE YEAR 2022-23
    Central Bureau of Narcotics (CBN) India thwarts illegal trafficking of 12 crore Tramadol Hydrochloride, a.k.a. “fighter drug” tablets under “Ope...
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July 22, 2026
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Oil-driven inflation pressures may prompt higher interest rates, despite equity gains led by artificial-intelligence and semiconductor shares.
Asian equity markets largely rose following Wall Street gains led by artificial-intelligence and semiconductor shares. Rising crude oil prices are identified as a renewed inflation risk that could encourage central banks to raise interest rates, slowing economic activity and affecting equity valuations. Japan's reliance on imported energy and the effects of a weaker yen on trade values and energy costs are also highlighted.
July 22, 2026
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Foreign exchange market volatility pressures the rupee as oil-linked geopolitical risks boost safe-haven dollar demand and prompt market monitoring.
Foreign exchange market movement saw the rupee depreciate against the US dollar amid higher crude oil prices, geopolitical tensions affecting oil-shipment security, and safe-haven demand for the dollar. RBI measures intended to attract overseas deposits were reported to support market confidence through foreign-currency inflows. Dealers were monitoring possible RBI participation through state-owned banks to moderate currency volatility while permitting gradual exchange-rate adjustment and preventing disorderly market movements.
July 22, 2026
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Rules-based multilateral trade engagement guides India's policy review, highlighting digital reforms, trade facilitation and clarification of market measures.
India's WTO Trade Policy Review reaffirms commitment to a transparent, rules-based, inclusive and development-oriented multilateral trading system. It identifies reforms in trade facilitation, digital customs, logistics modernisation, quality infrastructure, Digital Public Infrastructure, innovation, sustainability, agricultural resilience and regional trade agreements. WTO Members recognised India's economic resilience and customs and digital modernisation, while seeking clarification on trade and investment regimes, Quality Control Orders, trade-remedy measures and WTO reforms.
July 22, 2026
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Financial inclusion expands universal banking, social insurance, pensions and collateral-free credit for underserved households and entrepreneurs.
Financial inclusion is pursued through universal banking under Pradhan Mantri Jan Dhan Yojana, social-security coverage through life, accident and pension schemes, and credit access for underserved borrowers. Pradhan Mantri Mudra Yojana provides collateral-free institutional finance to micro and small business units for income-generating activities. The Stand-Up India Scheme supports Scheduled Caste, Scheduled Tribe and women entrepreneurs through loans for greenfield projects in manufacturing, trading, services and agriculture-allied activities.
July 21, 2026
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Foreign exchange contravention liability requires evidence that the person was responsible for the overseas transfer in question.
Foreign exchange transfer for the 2009 South Africa cricket tournament was examined under the Foreign Exchange Management Act after funds were moved to an overseas entity without prior Reserve Bank approval. The appellate tribunal set aside the penalty imposed on Lalit Modi, finding no material establishing that he was in charge of the relevant affairs or personally responsible for the alleged contravention. Liability for a foreign-exchange contravention must rest on evidence connecting the person proceeded against with responsibility for the impugned transaction.
July 21, 2026
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Rural infrastructure financing under RIDF supports irrigation, roads, water supply, cooperative digitisation, producer organisations and climate-resilient livelihoods.
Rural Infrastructure Development Fund financing supports rural infrastructure in Haryana, including irrigation, roads and drinking-water assets. Rural cooperative strengthening includes digitisation and financial viability of Primary Agricultural Credit Societies, alongside promotion and financial support for Farmer Producer Organisations. Climate-resilient measures include watershed development, groundwater management, micro-irrigation, direct seeding of rice and vegetable clusters, supplemented by livelihood training for rural women and agricultural lending and project-appraisal support.
July 21, 2026
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Supreme Court proceedings address juvenile adult trials, insolvency, electoral representation, environmental funds and foreign-exchange complaint requirements.
Supreme Court proceedings covered election representation, criminal justice, insolvency and regulatory compliance. The Court considered challenges concerning political-party merger approval, separate insolvency proceedings for group entities, and espionage charges. It sought responses on an appeal mechanism for persons excluded from the National Register of Citizens and alleged non-utilisation of environmental relief funds. Criminal matters included medical assessment for interim bail, a fresh trial in a blast case, and the principle that a juvenile accused of murder may face adult trial where statutory conditions for a heinous offence are met.
July 21, 2026
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Digital lending safeguards require verified app associations, responsible recovery, data privacy, grievance redressal and reporting channels against illegal loan apps.
Digital lending safeguards include a public directory enabling customers to verify a digital lending app's association with a regulated entity. The Digital Lending Directions, 2025 impose mandatory requirements on recovery practices, data privacy and customer grievance redressal for regulated entities, lending service providers and digital lending apps. Measures also include blocking illegal loan applications following due process, cybercrime reporting channels, complaint facilities for unlawful money collection, and public awareness programmes on fraud prevention and risk mitigation.
July 21, 2026
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Authorised Dealer Category-II remittances expand to specified trade and family-maintenance payments under the revised FEMA framework.
FEMA framework revisions described as effective from May 2026 expand Authorised Dealer Category-II activities to include specified trade remittances and family-maintenance remittances, subject to the applicable RBI and FEMA framework. EbixCash World Money Limited states that its perpetual AD-II licence carries this expanded scope. The release describes a non-bank channel for MSME and SME cross-border payments, supported by Nostro-account settlement, remittance and travel-card services, and technology-enabled compliance measures including document verification, sanctions screening, fraud detection and transaction monitoring.
July 21, 2026
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Foreign investment regulation: Draft rules propose simpler, principle-based compliance and clearer separation of procedural requirements from investment policy.
Draft Foreign Exchange Management (Foreign Investment) Rules, 2026 propose a simplified, principle-based foreign investment framework. The proposals rationalise provisions, harmonise definitions, and separate procedural foreign-exchange requirements from foreign direct investment policy and sector-specific conditions. They aim to streamline procedures, reduce compliance burdens, enhance operational flexibility, and apply investor-neutral and investee-neutral provisions while preserving regulatory safeguards. The draft Rules remain subject to public consultation before finalisation.
July 21, 2026
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Prepaid payment instrument programme adds mobility and gift card capabilities with digital servicing subject to applicable programme conditions.
Prepaid payment instrument programme launched for Indian Overseas Bank through CARD91's technology stack, incorporating RuPay National Common Mobility Card and Gift Card capabilities. The programme was implemented following requisite approvals, testing and compliance validation. The RuPay NCMC facility supports prepaid, tap-based payments for metro, bus and parking transactions, subject to the bank's programme conditions and user eligibility. Digital card servicing may include balance enquiry, transaction history, reload or top-up functions, and customer support, subject to applicable programme terms.
July 21, 2026
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Free trade agreements and e-commerce export reforms expand preferential market access, address non-tariff barriers, and support small exporters.
Export market diversification is advanced through trade agreements, export-promotion measures and capacity building. Free Trade Agreements seek preferential market access, increased trade and investment, and support for labour-intensive exports, while technical barriers to trade provisions and engagement mechanisms address standards, regulatory requirements and non-tariff barriers. Cross-border e-commerce exports are supported through trade-finance and compliance assistance, E-Commerce Export Hubs, District Export Hubs, simplified courier-export procedures, reverse-logistics facilitation, logistics planning, duty-and-tax remission, and MSME export facilitation.
July 21, 2026
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Production Linked Incentive Schemes strengthen domestic manufacturing through investment support, export growth, employment generation, monitoring and eligibility reforms.
Production Linked Incentive Schemes for 14 sectors promote domestic manufacturing, investment, exports, employment and global competitiveness. Overall coordination and monitoring rests with the Department for Promotion of Industry and Internal Trade, while sector-specific implementation is undertaken by the relevant ministries and departments. Implementation is periodically reviewed, with scheme modifications, rationalised guidelines, relaxation of specified eligibility conditions, project monitoring, stakeholder consultation and inter-ministerial issue resolution used to improve uptake and strengthen domestic manufacturing ecosystems.
July 21, 2026
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Separate corporate insolvency processes remain contested over foreign asset treatment, specialised resolution needs, and creditors' commercial decision-making.
Separate corporate insolvency resolution processes for VIL and VOVL are disputed following reversal of an earlier consolidation direction. Independent processes were preferred because the entities operate in distinct sectors and may require specialised resolution, while creditors' choice was treated as commercial wisdom not ordinarily open to tribunal interference. The dispute also concerns whether foreign oil and gas assets should be treated as VIL assets, against the background of VIL's conversion from co-obligor to corporate guarantor to ring-fence those assets from domestic business liabilities.
July 21, 2026
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Drone technology collaboration promotes joint manufacturing, technology transfer, rural entrepreneurship and global market access through an integrated industrial ecosystem.
India-Russia industrial collaboration in drone technology is proposed through engagement on technology transfer, joint manufacturing, research collaboration, investment, exports and global market access. Drone City is presented as an integrated ecosystem covering manufacturing, research and development, testing, certification support, skill development, incubation, warehousing, startup acceleration and international technology partnerships. Its expansion and panchayat-level entrepreneurship programme are expected to create rural drone enterprises and employment in manufacturing, component production, quality control, maintenance, logistics and technical support.
July 21, 2026
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WTO trade policy review will assess India's trade measures, transparency framework, reforms, and responses to member questions.
India's eighth Trade Policy Review under the World Trade Organization framework examines its trade policies and developments during the 2021-2025 review period. The process uses a Government Report and a Secretariat Report and provides a comprehensive peer examination of border and behind-the-border trade measures to promote transparency, predictability and understanding. The review addresses trade agreements, Goods and Services Tax rationalisation, digital trade-facilitation measures, and Member questions on digitisation, MSMEs, women's economic participation, Viksit Bharat and the Atmanirbhar Bharat Abhiyan.
July 21, 2026
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Fisheries subsidy disciplines promote sustainable marine resource use while excluding aquaculture and inland fisheries from their scope.
The WTO Agreement on Fisheries Subsidies disciplines subsidies concerning marine wild-capture fishing and fishing-related activities at sea. It prohibits subsidies linked to illegal, unreported and unregulated fishing and fishing of overfished stocks, promoting conservation and sustainable use of marine resources. Aquaculture and inland fisheries remain outside its scope. India's fisheries management framework is identified as supporting implementation while preserving policy space and safeguarding the interests of traditional and small-scale fishers.
July 21, 2026
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Revised Index of Core Industries adopts a new base year, adds iron ore, and revises sector measurement methodology.
The revised Index of Core Industries series adopts 2022-23 as its base year, replaces the former series and expands coverage to nine industries by including iron ore. Steel is measured using gross production data, while only raw coal is retained to avoid double counting. Weights are derived from the corresponding Index of Industrial Production series and normalised to 100. A geometric-mean linking methodology connects the former and revised series. June 2026 provisional estimates show overall year-on-year ICI growth, led principally by iron ore and electricity.
July 21, 2026
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Risk-based export controls exposed alleged pharmaceutical diversion, prompting NDPS enforcement against transnational illicit opioid trafficking networks.
Risk-based export controls and intelligence-led enforcement under the NDPS Act, 1985 addressed an alleged attempt to divert an export consignment of high-strength Tramadol Hydrochloride tablets into illicit international channels. Enquiries with the International Narcotics Control Board and competent authorities indicated that the declared destination had been misrepresented. The action involved seizure of the consignment and arrests of persons alleged to be connected with the export arrangement and conspiracy. The operation emphasises risk-based profiling, export-control scrutiny, intelligence sharing, and international coordination against pharmaceutical diversion and transnational drug trafficking.
July 21, 2026
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Trade tariffs on Canadian goods target alleged discrimination against American automobiles, alcohol and dairy products under trade law.
United States trade action imposes tariffs on most Canadian goods, citing alleged discriminatory treatment of American automobiles, alcoholic beverages and dairy products. The measures apply to goods previously protected under the United States-Mexico-Canada Agreement, subject to exclusions for energy products, potash, fish and critical minerals. The stated grounds include Canadian retaliatory tariffs, restrictions on American alcohol sales, treatment of dairy imports, and tariffs on certain United States motor vehicles outside preferential trade treatment.

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August 26, 2026

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New Delhi, Aug 26 (AP) Following are the top stories at 5 pm: TOP STORIES FGN28 NEPAL-FLOOD-INDIANS (3.49 PM)

Nearly 400 people, including 105 Indians, missing after Nepal floods near Tibet border Kathmandu: At least 105 Indians are among the nearly 400 persons missing after the devastating flash floods in Nepal's Rasuwa district bordering Tibet on Wednesday. By Shirish B Pradhan

DEL29 HM-BIHAR-FLOOD (4.51 PM)

Nepal flash floods: Amit Shah dials Bihar CM on flooding risk, NDRF being mobilised New Delhi: Union Home Minister Amit Shah on Wednesday spoke to Bihar Chief Minister Samrat Choudhary on the risk of flooding in the state following torrential rains and a glacier burst in neighbouring Nepal, officials said.

NATION BOM4 MH-MPSC-EXAM-CANCELLATION (3.07 PM)

MPSC cancels Drug Inspector recruitment process over paper leak findings Mumbai: The Maharashtra Public Service Commission (MPSC) has cancelled the recruitment process for Drug Inspector Group-B posts under the Food and Drug Administration Department following a preliminary inquiry into alleged malpractice in the screening examination conducted earlier this year.

BOM7 MH-MPSC EXAM-REAX (3.51 PM)

Drug Inspector recruitment exam paper sold for Rs 40 lakh, claims Oppn; govt assures probe Mumbai: NCP (SP) MLA Rohit Pawar on Wednesday alleged that the question paper of the Drug Inspector Group-B recruitment exam conducted by Maharashtra Public Service Commission (MPSC) in March was sold for Rs 40 lakh each to candidates, and demanded an inquiry.

DEL25 RAHUL-BH-PROTEST (4.22 PM)

BJP-led Bihar govt weaponising police to evade accountability to students: Rahul Gandhi New Delhi: Congress leader Rahul Gandhi on Wednesday lashed out at the BJP-led Bihar government over the student protests there, accusing it of turning the police into a weapon to evade accountability.

CAL17 BH-TEJASHWI-STUDENTS (4.30 PM)

Tejashwi Yadav meets injured protestors at Patna hospital, accuses govt of 'crushing' youth's future Patna: Bihar Leader of Opposition Tejashwi Yadav on Wednesday met students who were injured during an agitation here over alleged inconsistencies in competitive exams.

DEL19 BJP-CONG-PATRIARCHY (3.47 PM)

'Rahul Gandhi reduced to memes and reels,' says BJP on his smash-patriarchy remark New Delhi: The BJP on Wednesday slammed Congress leader Rahul Gandhi over his "smash the patriarchy" remark, alleging that he had reduced himself to "memes and reels" and questioning his record on women's empowerment.

DEL23 HEALTH-FMGE-NBEMS (4.07 PM)

FMGE row: NBEMS says open to genuine concerns, but qualifying standards cannot be diluted New Delhi: The National Board of Examinations in Medical Sciences (NBEMS) is willing to address genuine concerns of Foreign Medical Graduates (FMGs), but there can be no compromise on the minimum competency required to practise medicine in India, a senior official said on Wednesday.

DEL17 CONG-FADNAVIS-APTEL (3.37 PM)

Full of hypocrisy: Congress slams Fadnavis' flagging of APTEL ‘bias’ in favour of private firms New Delhi: The Congress on Wednesday said Maharashtra Chief Minister Devendra Fadnavis' reported letter to Prime Minister Narendra Modi flagging the Appellate Tribunal for Electricity's bias in favour of private power companies was full of "hypocrisy" and that he should also question decisions that have benefited the Adani group.

MDS10 KA-LAKE-LD BODIES (3.05 PM)

Karnataka: Woman, five children found dead in Vijayapura lake Vijayapura: A woman and her five children were found dead in Bhutnal Lake in Vijayapura, with police suspecting that they may have died by suicide, though the exact circumstances are yet to be established, an official said on Wednesday.

BOM5 MH-HC-FOREIGNERS-AADHAAR (3.21 PM)

HC flags fraudulent use of Aadhaar by infiltrators to get Indian citizenship; calls for action Mumbai: The Bombay High Court has noted a "concerning pattern" of foreign nationals infiltrating borders and fraudulently obtaining documents like Aadhaar and PAN cards to claim Indian citizenship, and urged the Centre to take immediate steps to address the issue.

DEL14 EC-GEN Z-OUTREACH (2.42 PM)

EC renews outreach plans for Gen Alpha, Z New Delhi: The Election Commission (EC) has initiated renewed efforts to reach out to Gen Alpha and Z ahead of the 2029 Lok Sabha polls to make them aware voters who are well-acquainted with the electoral process and can lead future campaigns to educate people.

BOM6 MP-MINISTER-CONGRESS (3.42 PM)

Cong seeks MP govt's dismissal for 'not sanctioning' prosecution of Vijay Shah over remarks against Col Qureshi Bhopal: The Congress on Wednesday demanded that the President dismiss the BJP government in Madhya Pradesh for 'not sanctioning' the prosecution of minister Vijay Shah for his objectionable remarks about Indian Army officer Colonel Sofia Qureshi.

CAL16 MG-ASSEMBLY-URANIUM (3.59 PM)

Meghalaya assembly passes resolution against exploration, mining of uranium Shillong: The Meghalaya assembly on Wednesday passed a resolution against exploration and mining of uranium in the northeastern state.

DEL9 GEN ALPHA-PROTESTS-LOUDER (2.41 PM)

One for the future: Gen Alpha rise to demand accountability, better infrastructure New Delhi: The summer of student discontent is moving into autumn... from Jantar Mantar to obscure muddy paths, from the heart of the Indian capital to villages and towns fighting for a place on the education map, and from Gen Z to Gen Alpha.

MDS12 KA-DELHI VISIT-CM (4.39 PM)

Karnataka CM Shivakumar to meet union ministers, SC lawyers in Delhi on Aug 27 Bengaluru: Karnataka Chief Minister D K Shivakumar will visit New Delhi on Thursday to meet union ministers and lawyers representing the state in the Supreme Court over river water disputes.

MDS11 KL-LD ONAM (4.34 PM)

Thiruvonam brings Keralam alive with homecomings, feasts and cherished traditions Thiruvananthapuram: The vibrant colours of Onam were in full bloom across Kerala on Wednesday with people celebrating the auspicious Thiruvonam, the culmination of the state's 10-day Onam festivities, with family gatherings and reunions that brought together generations.

LEGAL LGD6 SC-SAMADHAN SAMAROH-SUCCESS (4.14 PM)

1978 trade dispute, 47-year tenancy row among cases resolved in Supreme Court's special Lok Adalat New Delhi: Several long-pending disputes have been brought to closure including a 47-year-old tenancy battle, a commercial matter dating back to 1978 and an Ayodhya property dispute resolved with the help of a digitally signed agreement transmitted from Dubai - thanks to a mega Lok Adalat held in the Supreme Court.

LGD3 DL-HC-RIOTS-TAHIR (4.05 PM)

Ex-councillor Tahir Hussain moves Delhi HC against conviction, life term for murder of IB officer New Delhi: Former AAP councillor Tahir Hussain has approached the Delhi High Court against his conviction and life sentence for the murder of Intelligence Bureau (IB) staffer Ankit Sharma during the February 2020 riots, saying the investigation was aimed at implicating him to satisfy public anger.

LGD4 SC JUDGE-CJI-LETTERS (3.58 PM)

SC judge Sandeep Mehta writes to CJI against ACJ of Rajasthan HC New Delhi: Supreme Court judge Sandeep Mehta has urged Chief Justice of India (CJI) Surya Kant to appoint with "immediate effect" a chief justice from outside Rajasthan to head the high court in the state, alleging serious administrative irregularities and selective case listings under its acting Chief Justice Sanjeev Prakash Sharma.

LGD5 AST-TRACK COURTS-CASES (4.11 PM)

UP tops pendency list across fast-track courts; Delhi has 7,385 pending cases: RTI reply New Delhi: Uttar Pradesh accounts for nearly 78 per cent cases pending before Fast Track Courts (FTCs) across the country, with more than 13.74 lakh cases awaiting disposal, according to data obtained under the Right to Information (RTI) Act from the Department of Justice. By Manish Raj

FOREIGN FGN25 NEPAL-LD FLOOD (3.01 PM)

At least four killed after flash flood sweeps through Nepal districts near Tibet border Kathmandu: A sudden, massive flood swept through two central Nepal districts bordering Tibet killing four people, causing extensive devastation at settlements along the river and damaging at least a dozen hydropower projects early Wednesday. By Shirish B Pradhan

FGN24 CHINA-FLOODS (3.00 PM)

Xi orders all-out rescue, relief efforts after mudslide hits China-Nepal border Beijing: Chinese President Xi Jinping has ordered all-out efforts to search for and rescue people missing after a mudslide struck villages at the China-Nepal border area in Tibet causing heavy casualties. By K J M Varma

FGN27 US-CLINTON (3.24 PM)

India, China can help resolve West Asia conflict: Hillary Clinton New York: India and China could be among key players who could contribute to resolving the West Asia conflict if US President Donald Trump wants to use "diplomacy instead of bluster", said former Secretary of State Hillary Clinton.

FGN23 US-MAMDANI-LD BHAGWAT (2.32 PM)

NYC Mayor Mamdani opposes RSS chief Bhagwat's Madison Square Garden event New York: New York City Mayor Zohran Mamdani has said he does not support the planned event at Madison Square Garden featuring RSS chief Mohan Bhagwat, who is scheduled to address the Indian diaspora later this week.

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