Debt and default threshold shape insolvency admission under the amended framework, alongside new approval and resolution requirements. The Insolvency and Bankruptcy (Amendment) Act 2026 is described as requiring debt and default to be established before the National Company Law Tribunal admits a case. The amended framework also alters security interest creation, restructures insolvency administration, requires CCI approval before submission of a resolution plan, and requires the committee of creditors to record reasons while approving a plan. Certain features, including cross-border insolvency and CIIRP, are stated to be not yet in force.
Rupee appreciation reflects weaker dollar index, even as importer demand and foreign outflows keep pressure on the currency. The rupee appreciated against the US dollar in interbank foreign exchange trade, supported by a weaker dollar index and gains in domestic equities, but remained under pressure from dollar demand by importers and corporate hedgers. It moved within a narrow range before closing stronger at 95.21 against the US dollar, while market commentary noted Reserve Bank of India dollar buying to rebuild foreign exchange reserves and continued foreign investor selling in Indian equities.
Desalination project for Mumbai's water supply advances with limited tariff increase and key approvals secured. Mumbai's first desalination project has moved ahead with a work order issued and key approvals secured to strengthen the city's drinking water supply. The project, undertaken for the Brihanmumbai Municipal Corporation by an expert firm, is intended to meet rising demand through an alternative source as existing dam-based supplies become insufficient. The government says the tariff impact will be limited, while remaining statutory clearances are still being processed.
Totapuri mango price crash prompts review of value chain, farmer incomes, processing capacity and export bottlenecks. A high-level committee under the Indian Council of Agricultural Research has been constituted to study the sharp fall in Totapuri mango prices in Andhra Pradesh and the distress caused to growers. The panel will review the Totapuri mango value chain across cultivation, processing, marketing, domestic trade and exports, examine cultivation costs, farmer incomes, processing capacity utilisation, demand-supply trends, and the causes of the price decline in domestic and export markets, and identify bottlenecks and opportunities across the sector.
CAG audit of private discoms raises legality questions over regulatory assets and tariff recovery framework. A dispute concerns the legal permissibility of the Delhi Electricity Regulatory Commission's initiation of a CAG audit of three private distribution companies in relation to accumulated regulatory assets recoverable through future tariffs. The matter arises from competing views on whether the audit could be entrusted to the Comptroller and Auditor General or whether the statutory framework required appointment of an independent chartered accountant instead. The proceedings also involve the broader issue of accumulation and liquidation of regulatory assets, with the status of the audit and related steps remaining under judicial consideration.
Rupee pressure persists despite weaker dollar and crude, as import demand and reserve rebuilding limit gains. The rupee appreciated in early interbank trade as the dollar index eased from recent highs and Brent crude traded lower, but the currency remained under pressure from sustained dollar demand by importers and corporate hedgers. Foreign exchange commentary also indicated that the Reserve Bank of India was focused on rebuilding forex reserves, leaving less room for the rupee to strengthen freely even when external conditions were supportive. Foreign investors continued net selling in Indian equities amid global risk aversion and higher US bond yields.
Virtual digital assets face regulatory resistance as the central bank warns of illegal use, tracking challenges, and economy-wide risks. Virtual digital assets, including cryptocurrency, were described as posing risks to an emerging economy because of potential misuse for illegal activity, difficulty in tracking offshore entities, and broader regulatory challenges. The Reserve Bank of India stated that such assets should not be legalised in India at this stage. The Institute of Chartered Accountants of India supported a comprehensive VDA law and proposed guidance on recognition, measurement, presentation, disclosure, financial reporting, and compliance frameworks.
Indian-American diaspora contributions are traced through a curated history spanning migration, science, politics, business, and culture. Indian-American diaspora history and contributions are traced through a curated project covering 250 defining moments across 15 categories of American life. The selection is described as research-based and externally reviewed, but not comprehensive. It highlights milestones in migration, citizenship, medicine, politics, corporate leadership, entrepreneurship, yoga, science, and cuisine, illustrating the community's growing influence in the American story.
Digital financial inclusion in Meghalaya expands through Jan Dhan accounts, digital transactions, and a stronger focus on cyber resilience. Digital financial inclusion in Meghalaya expanded through the JAM framework, Direct Benefit Transfer and Digital Public Infrastructure, with 32.76 crore digital transactions during 2025-26 and nearly 10 lakh Jan Dhan accounts. Officials said about 98 per cent of account holders had adopted at least one digital mode of transaction, and the next phase should focus on financial literacy, cyber resilience and meaningful use of digital financial services, particularly in rural areas.
Money laundering attachment of assets linked to alleged fund diversion, off-books sales and bogus capital gains entries Attachment of assets under the Prevention of Money Laundering Act in a money laundering case linked to alleged diversion of funds from Bhushan Steel Ltd. The Enforcement Directorate attached land, part of a residential property, equity shares and bank balances standing in the name of Ritu Singal, wife of former promoter Neeraj Singal, through a provisional order valuing the properties at more than Rs 58 crore. The action arose from allegations that funds were diverted under the guise of genuine transactions and that cash generated from the off-the-books sale of zinc ingots was routed into accommodation entries and unaccounted bank deposits.
Electricity tariffs remain unchanged in Uttar Pradesh as subsidy support grows and EV charging gets lower solar-hour rates. Electricity tariffs in Uttar Pradesh are to remain unchanged across consumer categories for the seventh consecutive year for 2026-27, with a higher tariff subsidy supporting lifeline consumers, rural and urban poor families, private tube well operators and rural metered consumers. Although a regulatory gap was identified, no tariff hike was recommended in view of regulatory surplus and improved financial management. The tariff order also retains the green energy additional tariff and introduces provisions for battery swapping stations, Battery as a Service providers and a lower tariff for EV charging stations during solar hours.
Anti-corruption enforcement strengthens vigilance courts, district police stations and witness support under transparency, technology and trust. Strict anti-corruption enforcement will be applied against ministers, MLAs and officials found involved in corruption, with a zero-tolerance approach and action by vigilance and economic offences agencies. The state will strengthen corruption control through Transparency, Technology and Trust, establish Special Vigilance Courts, Vigilance Police Stations and Vigilance Outposts, provide transport allowance to witnesses, and promote anti-corruption awareness in schools.
Export quality standards support Himachal Pradesh's first cherry and plum shipment reaching Oman, widening horticulture market access. Himachal Pradesh's first export consignment of fresh cherries and plums has reached Oman, marking an initial international market entry for the state's horticulture produce. APEDA's regional office ensured compliance with international quality, grading, packaging and phytosanitary standards, while coordinating farmers, farmer producer organisations, cooperatives, exporters, HPMC, state departments and logistics partners. The development is presented as a step toward better returns for farmers and wider market access for horticulturists.
Disinvestment and asset monetisation accelerate as the government boosts non-tax revenues and advances major divestment plans. The government has accelerated disinvestment and asset monetisation to augment non-tax revenues amid fiscal pressure, raising about 31 per cent of its full-year target in the first quarter through offer for sale transactions and Infrastructure Investment Trust-based monetisation. It plans to strengthen the divestment pipeline further, with Life Insurance Corporation and IDBI Bank identified as major prospective transactions under the miscellaneous capital receipts framework.
Cross-border remittance payments gain near real-time speed as Swift's retail framework enables faster, more transparent transfers to India. Cross-border remittance payments to India are being processed through Swift's new retail payments framework with near real-time credit, end-to-end transparency, upfront cost certainty and no hidden foreign exchange deductions. Standard Chartered announced that it processed the first transaction under the scheme, completing the payment end-to-end in 37 seconds and demonstrating that participating banks can send money to India through Swift rails with settlement speed approaching domestic payment systems.
Data sovereignty drives the launch of a sovereign cloud platform with built-in compliance, Indian jurisdiction and automated deployment. Swaraj Cloud is launched as an AI-autonomous sovereign cloud platform built and operated entirely in India, with servers, storage, networks and workload processing designed to remain under Indian ownership and Indian legal jurisdiction. It is presented as addressing data sovereignty and residency obligations under the DPDP Act, MeitY cloud requirements and RBI cloud guidelines by embedding sovereignty at the infrastructure level. The platform also includes a Prompt-to-Production Solution Generator, compliance mapping, Indian Rupee billing, automated deployment and a broad stack of cloud, AI, security and compliance services.
Global competitiveness of the AYUSH sector gains focus through quality assurance, branding, exports and international collaboration. Government-industry stakeholders reviewed strategies to strengthen the global competitiveness of the AYUSH sector through innovation, quality assurance, branding, exports and international collaboration. The discussions covered export facilitation, scientific validation, WHO-GMP compliance, the Ayush Quality Mark, regulatory and market access challenges, and the need to expand global recognition for Indian AYUSH products and services. The session emphasised capacity building, international outreach, and alignment of Indian standards with international benchmarks.
Seafood value addition skills gain focus as MPEDA promotes training, quality assurance and export-oriented processing excellence. MPEDA organised the second National Skill Olympiad on seafood value addition at Seafood Expo Bharat 2026 to promote export-oriented seafood processing skills. The initiative followed 50 training programmes across the east and west coasts, where more than 2,500 workers and professionals were trained in preparing products demanded in international markets. Finalists were assessed on technical skill, hygiene, precision, presentation and product quality, alongside live demonstrations and tasting sessions of value-added seafood products.
Mandatory Ship-to GSTIN and voluntary e-Way Bill closure reshape GST compliance, API validations, and delivery recording from August 2026. Mandatory capture of Ship-to GSTIN is introduced for Bill-to/Ship-to and combination transactions in e-Way Bill and related e-invoice flows from 1 August 2026, with URP permitted where GSTIN is unavailable. The Ship-to GSTIN is captured only in the backend for verification and audit purposes and is not printed or shared through taxpayer-facing APIs. A voluntary e-Way Bill closure facility is also introduced, allowing closure after delivery by the supplier, recipient, transporter, driver or authorised person, through portal or API, with post-closure actions continuing during the initial stabilisation period.
GST revenue collections show higher gross and net inflows, with domestic growth, import gains, and refund adjustments detailed. Gross and net GST revenue collections for June 2026 were reported with a breakup of domestic revenue, import revenue, refunds, and net revenue. Gross GST revenue rose on a monthly and yearly basis, driven by higher domestic collections and stronger import-side IGST collections, while refunds were separately shown for domestic supplies and export-related refunds through ICEGATE. Net GST revenue was also presented after deducting refunds, and the figures were noted as provisional and subject to finalisation.
The ECB policy is regularly reviewed and modified by the Government in consultation with Reserve Bank of India, keeping in view the evolving macroeconomic condition, sectoral requirements and investment demand. The policy was reviewed in June, 2009. As per the extant ECB guidelines, units in the SEZ are permitted to access ECBs for their own requirements. However, based on review effective from June 30, 2009, SEZ developers have been permitted to avail of ECB under the Approval route for providing infrastructure facilities also, as defined in ECB policy, within the SEZ. However, ECB shall not be permissible for development of integrated township and commercial real estate within the SEZ. The infrastructure facilities as defined in the extant ECB policy include (i) power, (ii) telecommunication, (iii) railways, (iv) road including bridges, (v) sea port and airport (vi) industrial parks (vii) urban infrastructure (water supply, sanitation and sewage projects) and (viii) mining, refining and exploration.
ECB can be accessed under two routes. Viz. (i) Automatic Route as outlined in Section I(A) and (ii) Approval Route as outlined in Section I (B) of Master Circular dated July 1, 2009 on ECB issued by RBI under FEMA. Under the Automatic Route, the eligible borrowers may enter into loan agreement with recognized lender for raising ECB complying with the amount, maturity, all-in-cost, and end use etc. conditions in the ECB guidelines without prior approval of the Reserve Bank. However, the borrowers are required to obtain a Loan Registration Number (LRN) from the Reserve Bank before drawing down the ECB. The procedure for obtaining LRN has been outlined in Section II(i)(b) of Master Circular on ECB and Trade Credits issued by RBI under FEMA,
This information was given by Minister of State for Finance, Shri Namo Narain Meena in written reply to a question raised in Lok Sabha today.
External commercial borrowings: SEZ developers may use the Approval route for permitted infrastructure financing, not real estate.
SEZ units may access ECBs for their own needs, and SEZ developers may obtain ECBs under the Approval route to provide defined infrastructure within SEZs; ECBs remain impermissible for integrated township and commercial real estate. ECBs are available under the Automatic Route or the Approval Route per the Master Circular: the Automatic Route permits eligible borrowers to contract with recognized lenders without prior RBI approval subject to amount, maturity, all-in-cost and end-use conditions and requires obtaining a Loan Registration Number before drawdown.
Note: It is a system-generated summary and is for quick reference only.
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