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August 28, 2026
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Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.

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Corp. Laws, SEBI & IBC

MCA convenes ‘Tech for Professionals’ Workshop on Building India’s Digital Infrastructure for Professional Services

August 29, 2026

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Pallavi Jain Govil, Chief guest and Secretary, MCA emphasises strengthening India's domestic professional services ecosystem in the context of our development ambitions and increasing role of tech

Gyaneshwar Kumar Singh, DG & CEO, IICA highlights continuing work undertaken by MCA and IICA to strengthen domestic professional services ecosystem through technology

Rahul Jain, JS, MCA, says tech, shared digital resources, institutional mechanisms may enable professional services firms of different sizes to strengthen their capabilities

The Ministry of Corporate Affairs (MCA), with the support of the Indian Institute of Corporate Affairs (IICA), organised one-day “Tech for Professionals” Workshop – Building India’s Digital Infrastructure for Professional Services at the Dr. B.R. Ambedkar International Centre, New Delhi, on 27 August 2026.

Graced by the Secretary, Ministry Corporate Affairs, Dr. Pallavi Jain Govil as chief guest, the Workshop brought together policymakers, regulators, technology companies, professional services firms, Professional Institutes, Digital Public Infrastructure experts and academics to deliberate on how shared digital infrastructure can strengthen technology adoption, capability and competitiveness across India's professional services ecosystem.

The inaugural session commenced with a Welcome Address by Shri Gyaneshwar Kumar Singh, Director General & CEO, IICA, who outlined the background to the initiative and the continuing work being undertaken by MCA and IICA towards strengthening the domestic professional services ecosystem through technology enablement.

Delivering the Theme Address, Shri Rahul Jain, Joint Secretary, Ministry of Corporate Affairs, set the context for the Workshop and highlighted the need to examine how technology, shared digital resources and appropriate institutional mechanisms could enable professional services firms of different sizes to progressively strengthen their capabilities.

Dr. Pallavi Jain Govil, Secretary, Ministry of Corporate Affairs, delivering the Chief Guest address, emphasised the importance of strengthening India's domestic professional services ecosystem in the context of the country's broader development ambitions and the increasing role of technology in the delivery of audit, compliance, consulting and other professional services. She also appreciated the power of advocacy on shared digital public good infrastructure ideation foreeeeee traction for its beneficiaries.

The Workshop builds upon a series of consultations undertaken by MCA and IICA on strengthening India's domestic auditing and consulting ecosystem. As part of this process, MCA constituted a Sub-Committee on Digital Public Good in April 2026 to examine mechanisms for promoting technology adoption across Indian professional services.

The Sub-Committee submitted its report in May 2026, recommending a government-backed shared digital ecosystem aimed at addressing uneven access to advanced technology, professional knowledge and structured capability development.

The emerging DPG framework envisages three broad layers — curated technology access; learning and capability development; and knowledge and practice infrastructure. The proposition is intended to provide professional services firms, particularly small and medium practices, greater access to appropriate technology solutions, structured learning and professional knowledge resources without displacing existing institutional or market-based systems.

The first technical session, “DPG & Technology Infrastructure for Audit, Compliance & Consulting”, examined the purpose and possible contours of shared digital infrastructure for professional services, the gaps such infrastructure could address, and lessons from India's wider experience with Digital Public Infrastructure and comparable international initiatives.

The session was moderated by Shri Richard Rekhy, Vice Chairman, Grant Thornton Bharat. The panellists were Prof. R. Srinivasan, Professor & Chairperson, Centre for Digital Public Goods, IIM Bangalore; Shri T. Koshy, former MD & CEO, Open Network for Digital Commerce (ONDC); Shri Sai Venkateshwaran, former Board Member, KPMG in India; and Shri Vikas Kumar, Senior Partner & CEO, T R Chadha & Co LLP.

The second session, “Role of Technology Firms in DPG Initiative”, considered how technology companies could contribute to the design, development and deployment of shared digital infrastructure for the profession. Discussions covered cloud infrastructure, artificial intelligence, data analytics, cybersecurity, enterprise technology and possible models through which technology providers could participate in the initiative.

The session was moderated by Dr. Pankaj Dikshit, former CTO, Government e-Marketplace (GeM) and former CTO, GSTN. The panellists were Shri Rajesh Ranjan, India Lead, Core Government Affairs & Public Policy, Google; Ms. Sonali Kulkarni, Partner, Dailoqa; Shri Sunil Gupta, Co-Founder, MD & CEO, Yotta Data Services; and Shri Sandeep Welling, Managing Partner, Kirtane & Pandit.

The third technical session, “How India's SupTech Systems Can Adopt DPI/DPGs”, extended the discussion beyond professional firms to the digital systems through which businesses interact with regulators. The session examined whether elements of India's supervisory technology landscape could benefit from greater interoperability, common standards and reusable digital building blocks based on DPI and DPG principles.

The session was moderated by Dr. Nisheeth Srivastava, Professor, IIT Kanpur. The panellists were Ms. Savithri Parekh, Company Secretary & Compliance Officer, Reliance Industries; Shri Joseph Joshy C J, CGM & CTO, IFSCA; Shri Gaurav Marwaha, Chief Product Engineering Officer, ReBIT; and Shri Puneet Narang, MD & Country Head, DWS India.

The fourth session, “Tech Implementation Insights”, focused on the practical deployment of technology across professional services firms at different levels of digital readiness. The discussion considered technology solutions already available in the market, models for affordable access, implementation and change- management requirements, and the sequencing of technology adoption for small and medium practices.

The session was moderated by Dr. Pankaj Setia, Chair, Centre for Digital Transformation, IIM Ahmedabad. The panellists were Shri Eric Anklesaria, Senior Advisor, PSB Alliance; Shri V. Easwaran, Whole-Time Director & COO, Protean eGov Technologies; Shri Viswanathan Ravichandran, Partner, Deloitte South Asia; and Shri Sarthak Jain, Founder, Fast-India.

Concluding Thoughts on way forward of the initiative

The deliberations reflected broad recognition of the importance of improving access to technology and professional knowledge, strengthening digital capability among smaller firms, ensuring interoperability and security, and developing the initiative in a manner that remains responsive to firms at different stages of technological readiness. Participants also highlighted the importance of building on existing systems and capabilities rather than duplicating them, while retaining openness, competition and choice in the technology ecosystem.

The Workshop marked a further stage in MCA's ongoing consultations towards developing an enabling digital ecosystem for professional services and strengthening the ability of domestic firms to participate effectively in an increasingly technology-intensive professional environment.

At IICA, the initiative is being anchored by the School of Corporate Governance & Public Policy (SoCGPP), under the leadership of Dr. Niraj Gupta, Head, SoCGPP. The proceedings of the Workshop were anchored by Shri Mathew John, Chief Program Executive, Centre for Board Excellence & Leadership (C-BEL), IICA.

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