The Directorate of Revenue Intelligence (DRI) has once again unearthed a large-scale scheme to circumvent India’s prohibition on the import of goods originating in or exported from Pakistan. Under “Operation Deep Manifest”. DRI detected the import of 295 containers carrying 7,311 metric tonnes of Pakistan-origin Industrial/Himalayan Rock Salt, with an estimated market value of around Rs. 30 crore. The consignments were routed through Colombo Port, Sri Lanka, and falsifying their origin by using fabricated…
Guided by Prime Minister Shri Narendra Modi’s vision of ‘Sahkar se Samriddhi’ and under the leadership of Union Home Minister and Minister of Cooperation Shri Amit Shah, the Ministry of Cooperation continue to promote a transparent, accountable, financially sound and professionally governed cooperative sector. In furtherance of the same, Ministry of Cooperation has mandated the Multi-State Co-operative Societies (Auditor’s Report) Order, 2026 (MSCARO, 2026), aimed at strengthening transparency, accountability,…
The Government of India has constituted a committee under the chairmanship of Prof. Ramesh Chand, former Member of NITI Aayog, to examine issues raised by sugarcane farmers and recommend appropriate measures for addressing their concerns. The constitution of the Committee follows the decisions taken during a meeting of representatives of sugarcane farmers from Karnataka and Maharashtra with the Union Minister of Agriculture and Farmers Welfare and the Union Minister of Consumer Affairs, Food and Public…
Key highlights of WPI (Base Year 2022-23) for September 2026 All India Wholesale Price Index (WPI) inflation for September 2026 is 11.39 per cent on year-on-year (YoY) basis, compared to 9.92 per cent in August 2026. The index for All Commodities for September 2026 stands at 112.5, whereas it was 110.8 in August 2026. YoY inflation rates for major groups, namely, Primary Articles, Fuel and Power, and Manufactured Products are 8.67 per cent, 25.85 per cent, and 9.76 per cent, respectively in September 2026,…
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved payment of PLB of 78 days for Rs.2009.61 crore to 11,40,770 railway employees, in recognition of the excellent performance by the Railway staff. Payment of PLB to eligible railway employees is made each year before the Durga Puja/Dusshera holidays. This year also, PLB amount equivalent to 78 days' wages is being paid to about 11.40 lakh non-gazetted Railway employees. The payment of PLB acts as an incentive to motivate the railway…
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal of the Department of Rural Development for Continuation of the National Social Assistance Programme (NSAP) with total outlay of Rs. 53,428 crore for five years from 2026-27 to 2030-31 with (i) Renaming of the scheme & sub-schemes (ii) Revision in eligibility criteria, coverage and rate of assistance for divyangjan pension and (iii) continuation of pension schemes for old aged & widows and family benefit scheme in its…
IDBI Bank Ltd. is a scheduled commercial bank regulated by the Reserve Bank of India (RBI). Due to its poor financial health, the Bank required repeated infusion of capital, initially provided by the Government of India and later by the LIC. On 5th May, 2017, the Reserve Bank of India (RBI) put the IDBI Bank under the Prompt Corrective Action Framework and imposed several restrictions in view of its non-performing assets and losses incurred by the Bank. After considering the improvement in the Bank’s financial…