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    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
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    Rupee rises 20 paise to 95.30 against US dollar in early trade
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    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
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    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
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    July 31, 2026
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    July 31, 2026
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    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
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    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
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    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
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    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
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    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.

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      Customs, DGFT & SEZ

      Summary: Highlights of Railway Budget – 2009-2010

      July 3, 2009

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      Ø       NO INCREASE IN PASSENGER FARE AND FREIGHT TARIFF

      Ø       BUDGET TO HAVE INCLUSIVE GROWTH AND EXPANSION OF RAILWAY NETWORK TO EVERY CORNER OF THE COUNTRY

      Ø       PLAN OUTLAY OF RS.40,745 CR. PROPOSED FOR 2009-2010,

      Ø       PASSENGER AMENITIES GET HIGH PRIORITY, TO GET 119% INCREASE

      Ø       TRAFFIC RECEIPTS DURING 2008-09 INCREASE BY 11.4 % WHILE FREIGHT LOADING GREW @ 5%

      Ø       SPECIAL TRAINS FOR PERISHABLE FARM PRODUCE, FACILITIES FOR TRANSPORTATION OF RURAL CRAFT

      Ø       WORKS FOR 7 NEW LINES,  GAUGE CONVERSION OF 17 LINES AND DOUBLING OF 13 LINES TO BE TAKEN UP

      Ø       FASTER PARCEL SERVICES PROPOSED ON THREE ROUTS

      Ø       TATKAL SCHEME TO BE MADE PASSENGER FRIENDLY

      Ø       RAILWAY TICKETS TO BE MADE AVAILABLE THROUGH POST OFFICES AND 'MUSHKIL AASAAN'  MOBILE VANS

      Ø       CONCESSION FOR PRESS PERSONS INCREASED TO 50%

      Ø       MONTHLY TICKET OF RS. 25/- FOR UNORGANIZED SECTOR/POOR UNDER 'IZZAT' SCHEME

      Ø       "ONLY LADIES' EMU TRAINS AT DELHI, KOLKATA AND CHENNAI

      Ø       'YUVA TRAINS' FROM RURAL HINTERLAND TO METROS AT CONCESSIONAL FARE

      Ø       12 NEW POINT-TO-POINT 'DURANTO' TRAINS

      Ø       57 NEW TRAINS, EXTENSION OF 27 TRAINS AND INCREASE IN FREQUENCY OF 13 TRAINS AND AIR-CONDITIONED DOUBLE-DECKER TRAINS PROPOSED

      Ø       50 STATIONS TO BE UPGRADED TO WORLD CLASS STATIONS

      Ø       LONG DISTANCE TRAINS TO HAVE ON-BOARD DOCTORS AND INFOTAINMENT SERVICES

      Ø       HANDICAPPED AND AGED PERSONS TO HAVE MORE AMENITIES

      Ø       SPECIAL TRAINS TO FERRY PERISHABLE AGRO PRODUCTS AND RURAL HANDICRAFTS

      Ø       SPECIAL FUND FOR THE DEVELOPMENT OF NORTH EAST RAILWAY

      Ø       QUAZIGUND-ANANTNAG LINE TO BE COMPLETED BY NEXT MONTH

      Ø       6560 RAILWAY STAFF QUARTERS TO BE CONSTRUCTED AND GROUP 'D' EMPLOYEES TO GET SCHOLARSHIPS FOR THEIR GIRL CHILD

      Ø       RAILWAYS TO COME OUT WITH WHILE PAPER ON FINANCIAL STATUS AND VISION-2020 DOCUMENT

      Presenting the Railway Budget for 2009-10 in Parliament today, Minister of Railways Kumari Mamata Banerjee announced  that there will be no increase in passenger fare and freight tariff. She said that the budget will have approach for 'inclusive growth' and expansion of rail network to take development to every corner of the country.

      Presenting the railway budget she proposed an outlay of Rs,.40,745 cr. for 2009-10.  Out of this, Rs.2,921 cr. will be spent on new lines, Rs.1,750 cr. on gauge conversion and Rs.1,102 cr. on passenger amenities, which is 119% more than the allocation in the interim budget.  Rs.424 cr. will also be spent on railway staff amenities. She proposed freight loading target of 882 MT and estimated gross freight receipt at Rs.88,419 cr.

      Giving an overview of financial performance of the Railways in  2008-09, the Minister informed that freight loading during the period grew by 5 percent while traffic receipt increased by 11.4 per cent to reach Rs. 79,862 cr.

      The Budget has proposals for 7 new lines, Gauge conversion of 17 lines and doubling of 13  railway lines. In addition, proposals for 53 new lines, 3 gauge conversion and doubling of 12 lines will be processed during the year.   

      Proposing revision in Tatkal Scheme to make it more passenger friendly, the Railway Minister  said that both the advance booking  time and  minimum charge will be reduced. She said perceptible improvement will be ensured in passenger amenities and safety and security will be given utmost importance.  Cleanliness and quality of railway catering will be improved with focus on strict monitoring. She proposed that ticketing facilities will be taken to the grassroot level. Under the  'Maa Mati Manush' initiative, computerized  tickets will  also be made available through Post Offices. Mobile ticketing vans,   'Mushkil Aasaan',  will also be introduced to provide services in remote areas.

      Timely track renewal, modernization of signals and use of digital ultrasonic flaw detectors will be introduced for the safety of the passengers besides Integrated Security Scheme at 140  vulnerable and sensitive stations. Women RPF Squads, exclusively for women passengers, will also be introduced.    

      Kumari Mamata Banerjee announced a new scheme "Izzat" for travel with dignity. Under this scheme the people in unorganized sector with monthly income upto Rs.1,500/- can avail concessional monthly season ticket  of Rs.25/- for travel upto 100 k.m.

       The existing student concession is  to be extended to   students of Madrasas and  students in Kolkata will now have the  MST facilities for  Kolkata Metro also.   

      To provide  relief to women passengers the Minister proposed 'only ladies' EMU trains in Delhi, Chennai and Kolkata suburban during rush hours. She also announced new 'Yuva trains' dedicated to young generation  from rural hinterland to major metros  with  concessional rail fare but with air-conditioned facilities. 

      Now the Press persons will get increased concession of  50% instead of existing 30% . Once in a year their spouse can also travel with 50% concession. 

      The Railway Minister announced 12 new point to point, non-stop 'Duronto' trains, 57 new train services, extension of 27 trains and increase in frequency of 13 trains.   The Minister also proposed introduction of Air-conditioned double decker coaches for inter-city travel.

      Fifty stations will be developed  as world class stations and 375 stations as 'Adarsh Stations' with improved basic amenties.  Multi functional complexes with shopping facilities, food stalls, budget hotels  are to be constructed at 50 railway stations, which  serve as  centres of pilgrimage, tourist and industry.

      The Minister announced  extensive availability of 'Janata Khana', in which national and regional cuisines will be ensured. To improve the cleanliness, the onboard  house keeping scheme (OBHS) will cover 200 additional pairs of trains. The long distance trains will have onboard availability of doctors and infotainment services. She also proposed 1000 new passenger reservation  locations and  expansion of Unreserved Ticketing System terminal  from 5000 to 8000, In addition,  automated ticket vending machines will be installed at 200 large and medium size stations.

      Stressing on the extension of facilities for handicapped persons, the Railway Minister  said that the Railway will have more ramps, lifts, escalators and special coaches for physically challenged and aged persons.. 

                  Reiterating her priority to extend railway services to farmers, she announced special trains to ferry perishable agro products like fruits, vegetables and also village handicrafts, cottage industry and textile products from production clusters to consumer clusters. She also proposed premium freight service for container movement with assured transit time and a mega logistic hub alongside eastern and western dedicated freight corridors. Premium parcel services with guaranteed transit time on pilot basis will be introduced on three routes. During 2009-10, Railway would acquire 18,000 new wagons against 11,000 in 2008-09.

                  The Minister  announced creation of North-East Rail Development Fund for timely completion of national projects in the North Eastern region and said Quazigund-Anantnag new line in Kashmir will be completed by next month. She also proposed setting up of a new factory at Kanchrapara-Halisahar for manufacturing rail coaches and setting up 1000 MW power plant at Adra, in collaboration with Ministry of Power.

      The Railway Minister said that welfare of railway staff will be given high priority. 6560 staff quarters will be constructed in 2009-10 and indoor stadia will be developed in major railway divisions and zones. Increased contribution of Rs.350 per employees to Staff Benefit Fund will  continue for a year, with Rs.100 per employee for women empowerment.  Scholarships will be introduced for the higher education of girl children of  Group 'D' staff. She proposed attached medical colleges with railway hospitals at 18 locations and one burn unit at major hospitals. The Minister said the policy on Railway Recruitment Boards will be reviewed. Special recruitment drives for filling vacancies of SC and ST and physically handicapped will also be undertaken.

                  Emphasizing on review of projects with social perspective, Kumari Mamata Banerjee said,  innovative financing will be adopted. The Railways will come out with White Paper on organizational, operational and financial status based on the last five years' performance and develop Vision-2020 with short and long term strategy and plan of action. She said that a  project monitoring committee will be set up for developing mechanism to avoid slippage in project delivery. Special monitoring will be taken up for all National Rail Projects. She also proposed an expert committee headed by Shri Sam Pitroda to suggest innovations to utilize optic fibre cable network of Railways and take information technology to remote areas. 

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