AGP Executive Report
Last update: 9 hours agoRBI & Cash Integrity: India’s ₹2,000 note withdrawal nears completion, with 98.45% of value returned and only ₹5,501 crore still outstanding as of March 2026; meanwhile counterfeit ₹500 notes jumped 20.5% to 1.42 lakh in 2025-26, keeping pressure on cash security. Monetary Policy & Fiscal Spillover: RBI surplus transfer to the government hit a record ₹2.86 lakh crore for 2025-26, while the central bank’s Annual Report also points to India’s 7.6% 2025-26 growth and a 6.9% 2026-27 projection. Banking Risk Watch: Bank fraud cases fell to 10,114 in 2025-26, but reported value rose to ₹48,021 crore—highlighting reporting reclassification effects. Corporate & Tech: Loop Industries signed an MoU for its first commercial recycled PET plant in Gujarat, aiming to accelerate circular packaging in India. Energy & Markets: Mixed trading in India’s energy and metal stocks; Confidence Petroleum led gains while Gujarat State Petronet slid. Global Energy Buffering: The Philippines is setting up a systematic strategic petroleum reserve via POWERR Asia to reduce exposure to volatile imports and geopolitical shocks. Islamic Finance: Malaysia retained the top spot in the world’s Islamic economy ranking for 2025, citing its halal, finance, and governance ecosystem.
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