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    MSMEs are the true builders of India’s economic resilience: LG Sinha
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August 19, 2026
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MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
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Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
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Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
August 19, 2026
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Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
August 19, 2026
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Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
August 19, 2026
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Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
August 19, 2026
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Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
August 19, 2026
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International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
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Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
August 19, 2026
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Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
August 19, 2026
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AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
August 19, 2026
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Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.
August 19, 2026
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Foreign exchange market conditions supported marginal rupee strength despite crude oil pressures, regional tensions and oil-company dollar demand.
Foreign exchange market conditions reflected a marginal strengthening of the rupee against the US dollar in early trading, supported by reported Reserve Bank of India intervention, a softer dollar index and foreign institutional equity inflows. Higher global crude oil prices, West Asia tensions and oil-company demand for dollars continued to exert pressure, resulting in a range-bound trading environment.
August 19, 2026
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Competition approval for Tata Steel's share acquisition restructures ownership of logistics joint venture following an existing partner's exit.
Competition approval has been granted for Tata Steel Ltd.'s acquisition of IQ Martrade Holding Und Management GmbH's entire 23% equity shareholding in TM International Logistics Ltd., resulting in IQ Martrade's exit. Following completion, Tata Steel and NYK (Europe) B.V. will hold 74% and 26% equity shareholding, respectively. TM International Logistics primarily serves Tata Steel's logistics and cargo transportation requirements through railway cargo transportation, port operations and cargo handling, freight forwarding, and value-added logistics services.
August 19, 2026
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Competition approval enables increased insurtech shareholding through a rights issue, crossing the prescribed ownership threshold in insurance businesses.
Competition approval has been granted for General Atlantic Singapore ACK Pte. Ltd. to acquire additional shareholding in Acko Technology & Services Private Limited through the target's rights issue, resulting in the acquirer crossing the 25% shareholding threshold on a fully diluted basis. The target is an Indian insurtech company with subsidiaries conducting licensed general and life insurance businesses, while another subsidiary awaits a corporate agency licence for insurance-policy distribution.
August 19, 2026
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India-Japan investment partnership prioritises technology, manufacturing and infrastructure collaboration, with Uttar Pradesh positioned for deeper Japanese commercial engagement.
India-Japan economic cooperation is positioned for deeper investment and commercial partnerships in manufacturing, technology, infrastructure, energy, defence, artificial intelligence, semiconductors, critical minerals, batteries and next-generation mobility. Uttar Pradesh is identified as a prospective destination for Japanese investment because of its workforce, connectivity, manufacturing base, MSME sector, export capacity, transport infrastructure and industrial clusters. Investment facilitation is associated with reforms in ease of doing business, digital public infrastructure and multimodal logistics.
August 19, 2026
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Carbon border adjustment compliance requires reliable emissions data, reporting, accreditation and verification throughout exporters' supply chains.
European Union Carbon Border Adjustment Mechanism compliance requires exporters to address covered products, embedded-emissions calculation, data collection, reporting, accreditation and verification. Preparedness across the export value chain depends on timely emissions data from suppliers and other stakeholders, supported by credible verification mechanisms. Capacity-building and engagement seek to facilitate workable compliance with evolving sustainability-related international trade requirements.
August 19, 2026
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Youth banking engagement promotes sustained customer relationships through digital access, campus outreach and financial support across evolving life stages.
Public Sector Banks and Public Financial Institutions are urged to implement actionable strategies with clear ownership and realistic timelines. Youth banking engagement is to be strengthened through a focused campaign, a common digital access platform and physical outreach, supporting young customers' evolving financial needs. Priority sector lending requires granular monitoring, early identification of target gaps and productive credit flow to intended beneficiaries. Agriculture and horticulture value-chain financing may cover farmer producer organisations, storage, processing, logistics and market linkages, while credit card strategies include digital onboarding, cross-selling and RuPay-UPI integration.
August 18, 2026
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Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.
August 18, 2026
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Public sector banking competitiveness requires distinct institutional strengths, early capability building and strategic support for economic growth priorities.
Public sector banks are urged to use their customer base, branch networks, geographic reach, institutional experience and digital capabilities to build stronger competitive positions and leadership. Each bank may develop distinct areas of excellence based on geography, customer relationships, sectoral expertise, technology capabilities or international presence. Strategic priorities include deposit mobilisation, banking for youth, support for investment and global capability centres, agriculture and horticulture infrastructure, credit-card business reorientation and priority sector lending.

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Existing Indian Railways Network, its Operations and its Core Activities Will Remain with the Indian Railways Only and not Open for Privatization: Gowda

October 10, 2014

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Railways Allocated 40 Per Cent More Budget for Cleanliness

Indian Railways Taking Determined Stride Towards Running High Speed Bullet Trains

Railway Minister Inaugurates the 59th Annual Railway National Awards Function-2014 at Bangalore

The Minister of Railways, Shri D.V.Sadananda Gowda inaugurated the 59th Annual Railway National Awards Function - 2014 in Bangalore today. Also present among others on the occasion were Shri Arunendra Kumar, Chairman, Railway Board, Shri V.K.Gupta, Member Engineering, Shri Alok Johri, Member Mechanical, Shri A.K.Mital, Member Staff, Shri P.C.Gajbhiye, Secretary, Railway Board and Shri P.K.Saxena, General Manger, South Western Railway. Shri Gowda gave away National Awards for Outstanding Service – 2014 to a total number of 132 railway officers/staff from all over the country. The prestigious Govind Vallabh Pant Shield for the best overall performance amongst the best zonal railways and production units was bagged by West Central Railway (headquartered at Jabalpur).

Following is the text of the speech of the railway Minister:- 

“I wish this function gives all our railwaymen an encouragement to work hard, work efficiently and work innovatively to bring smiles on the faces of our travelling passengers and our freight customers. In our rich and eventful journey of 161 long years, we have covered many significant milestones. The old has given way to the new and we have embarked on the path of modernizing every aspect of Railway operations. We are working on high speed rail corridors, on new designs of more efficient wagons, on the most efficient anti- collision devices like TCAS and TPWS, on new methods for ultrasonic detection of rail fracture to avoid derailments. We are progressing on dedicated freight corridor aimed at transforming goods movement in the country. We run superfast trains like Shatabdi and Rajdhani and are taking determined stride towards running High Speed bullet trains. We can boast of Engineering marvels like Jammu & Kashmir rail link and railway projects in North Eastern region; Computerized passenger reservation system and ticket booking through internet is getting a boost. In fact all aspects of Railway working,  be it improvement in productivity, economy in expenditure, increasing railway earnings, curbing ticketless travel, improving operations, maintaining and improving the life of assets and aspects of security/safety, developing world class stations, completion of crucial projects – right from policies to processes and procedures have seen major initiatives and innovations these days.

Our new government at the centre got a thundering mandate from the people of India and under the leadership of our Prime Minister, Sri Narendra Modi ji, we have vowed to live up to their expectations. Indian Railways run more than 12000 passenger carrying trains and more than more than 7000 freight trains every day. What are required are not a few changes here and there but holistic planning and comprehensive measures that shall enable the Indian Railways to match the best in the world. We have to work in this direction on a day to day basis.

I am happy to share with you that many of the budget announcements are in various stages of implementation and remaining will have to be taken up within a month. Implementation of the budget announcements is strictly monitored. The performance of the Railways on almost all the parameters has been steadily improving as you can gauge from the improvements in efficiency parameters in the last 4 months. Indian Railways is making efforts to evolve new methods of resource mobilization. Recently during the talks of Hon’ble Prime Minister with Japan and China we have identified some mutual areas of cooperation with these two countries.

One of the major initiatives of our government is to permit foreign direct investment (FDI) in our railway sector to bring much needed investment in the railway infrastructure especially the big ticket projects like High speed rail corridor among others. Permitting FDI will facilitate foreign investors to compete for such mega projects, either on their own or by joining hands with domestic investors. This in no way leads to privatization of existing Indian Railways Network or its core activities.  At the cost of repetition, it is made clear that the existing Indian Railways Network, its operations and its core activities will remain with the Indian Railways only and not open for privatization. This will also not affect the strategic role played by Railways in the national interest as well as its social obligations in any way.

In order to provide more hassle-free services to railway users, Indian Railways have launched new IT initiatives/applications developed by CRIS. It also meets Hon’ble Prime Minister’s dream project of Digital India.  Next Generation e-ticketing (NGeT),   Freight E-Demand system,  Freight E-Diversion system, Go India Smart card,  Train Enquiry Mobile App are few of the initiatives taken up by Indian Railways  in the past 4 months.

We have taken a number of initiatives in the field of catering which is one of the major areas of complaints by the passengers. We have so far imposed exemplary penalties on 12 contractors for their lapses in providing quality food. We have strengthened our catering complaint no. 1800-111- 321. We have introduced on pilot basis precooked foods and e catering systems. We are planning a third party audit of the catering services so as to ensure improvement. I am sure all my railwaymen will bring in a remarkable change in the Q & Q of the food we serve for our customers.

My dear friends we must realize that it is not just private sector which treats customer as king but Indian Railways must resolve today that we are no less to private sector in keeping the customers’ interest first. In the fast transforming world of web based communication through social media, Railways has ensured its presence on social media platforms by launching You tube, Facebook and Twitter. This would help us to  directly connect with the public.

On October 2nd, Indian Railways launched the biggest ever cleanliness campaign all over the country in line with the Union government’s Swachh Bharat campaign. The entire railway family rose to the occasion and performed ShramDan for ensuring cleanliness. Cleanliness should become part of our ethos and values and should be a continuous feature of our functioning.  The railway staff and the railway users together can make a big difference in the field of cleanliness and can change the face of the nation. We have allocated 40 per cent more budget for cleanliness this and if need be we would also increase it. We would also set up one dedicated dept for House Keeping with the presence from the level of stations to Board so that this business is taken seriously and those manning the dept become accountable.”

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