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    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
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    Meeting of Heads of National Statistical Offices of BRICS Countries “Quality Statistics as Driver of Change”
    Modernization of National Sample Surveys through adoption of digital platforms such as Computer Assisted Personal Interview (CAPI) integrated with e- ...
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    India achieves near-universal banking coverage, with 99.92% of inhabited villages now served by a banking outlet
    Rupee rises for 6th day, gains 12 paise to 95.31 against US dollar as crude drops
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    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
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    August 4, 2026
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    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
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    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
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    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
    August 4, 2026
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
    Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
    August 4, 2026
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    WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
    Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
    August 4, 2026
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    Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
    The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
    August 4, 2026
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    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
    Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
    August 4, 2026
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    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
    Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
    August 4, 2026
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    Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
    Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
    August 4, 2026
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    Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
    National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.
    August 3, 2026
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    Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
    Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.
    August 3, 2026
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    Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
    Online astrology platforms were reported as lacking specific regulatory guidelines within the consumer affairs department. The RTI application sought information on alleged unfair trade practices, investigations, complaints, licences, approvals, and applicable rules. The National Consumer Helpline stated that it had not investigated because it functions as a grievance-resolution platform. A revised factual response was required on investigations and complaint data, while queries concerning regulation, licences, approvals, and related investigations were to be transferred to the public authorities likely to hold that information.
    August 3, 2026
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    Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
    The proposed business combination would take Yellow.ai public through a definitive agreement with Bluerock Acquisition Corp., subject to customary closing conditions and shareholder approval. Bluerock intends to file a Form S-4 registration statement containing a proxy statement/prospectus for proxy solicitation and securities issuance in connection with the transaction. The communication is not an offer or solicitation and states that no securities offering may occur without compliance with applicable registration, qualification or exemption requirements. Transaction projections and anticipated benefits are forward-looking statements subject to material risks and uncertainties.
    August 3, 2026
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    Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
    India-Uzbekistan cooperation is proposed through co-investment, co-manufacturing and co-innovation, supported by the Bilateral Investment Treaty to promote investor confidence and reciprocal investment. Priority sectors include mining, textiles, healthcare, agriculture, food processing, digital technologies and advanced manufacturing. Trade facilitation measures include reducing trade barriers, mutual recognition of standards, approvals, testing and certification, customs digitalisation and improved trade routes. Regulators and standard-setting bodies are expected to cooperate under a structured, time-bound economic partnership.
    August 3, 2026
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    Concessional agricultural credit supports working capital, crop diversification, allied activities, and digital expansion under the Kisan Credit Card scheme.
    The Kisan Credit Card-Modified Interest Subvention Scheme provides concessional institutional credit to reduce farmers' interest burdens and improve timely working-capital access. The scheme is reported to support cropping intensity, multi-season cultivation, diversified crop portfolios, timely input use, and credit discipline through the Prompt Repayment Incentive. It also supports dairy, livestock, and fisheries-based income diversification. Credit-delivery measures include collateral-free lending, digital platforms, simplified applications, coverage expansion, and awareness campaigns. State-wise data tracks operative accounts, outstanding credit, and non-performing Kisan Credit Card accounts.
    August 3, 2026
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    Banking inclusion expands rural access while digital credit systems and payment security controls address service delivery and cyber fraud.
    Banking inclusion is pursued by providing banking outlets within a five-kilometre radius of inhabited villages, with branch expansion permitted subject to rural-coverage requirements and continuing assessment of uncovered areas. Agricultural credit delivery uses digital loan, beneficiary-verification, processing and claim-settlement systems. Digital payment security measures require minimum controls for payment channels and include fraud-intelligence sharing, artificial-intelligence-based identification of money-mule activity, digital lending-app analysis, cyber-incident reporting, public awareness campaigns and electronic-banking training.
    August 3, 2026
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    Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
    Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.

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      How Trump could answer Palestinian question

      January 13, 2025

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      Sydney, Jan 13 (360info) The re-election of Donald Trump as the next US President was greeted in the Middle East with a mixture of rapture and dread, especially among Palestinians.

      While it is impossible to know exactly how a second Trump Presidency will act toward the Palestinian people and their demands for statehood, his first Presidency provides a guide to what they might expect.

      Like all his predecessors, in his first term, President Trump’s dealings with Israelis and Palestinians were overwhelmingly influenced by domestic political pressures, which meant unwavering support for Israel. However, true to the nature of his norm-breaking first term, Trump often dismissed long-held diplomatic norms in search of a resolution to the Palestinian/Israeli conflict.

      By doing so, his Administration sought to remove any obstacles to “peace” between Palestinians and Israelis – a “peace” that would paradoxically see the end of any hope for a Palestinian state.

      In 2017, the US announced that its embassy in Israel would relocate from Tel Aviv to West Jerusalem. While Israelis celebrated this news, it ran against diplomatic conventions concerning the status of Jerusalem, which had been in operation since 1967.

      Jerusalem divided The 1948 War of Independence divided Jerusalem, with East Jerusalem controlled by Jordan and West Jerusalem by Israel. When Israel captured East Jerusalem in 1967, it was hugely symbolic because it meant that for the first time in almost two millennia, Jews controlled all the ideologically, religiously, politically, and culturally significant city of Jerusalem.

      Nevertheless, the international community refused to accept Israel’s occupation nor its subsequent annexation of East Jerusalem in 1980, declaring that the negotiations concerning the two-state solution would decide the fate of Jerusalem. Consequently, most states have their embassies in Tel Aviv. Palestinians and Israelis interpreted the Trump administration’s decision as US recognition of Israeli sovereignty of all Jerusalem.

      Second, in November 2019, the Trump administration declared that Israeli settlements in the West Bank and East Jerusalem were consistent with international law. Israel began building settlements in the West Bank and East Jerusalem soon after their victory in the 1967 War.

      Settlements expanding According to Peace Now, in 2023, approximately 465,000 Israeli settlers were living in the West Bank, located in over 350 settlements and outposts. There were also an additional 230,000 Israelis living in settlements in East Jerusalem.

      The administration’s decision mirrored the long-held Israeli legal argument that the settlements are not illegal because the international community never deemed Jordan’s occupation of the West Bank and East Jerusalem as legal. As these territories were not part of Jordan’s sovereign territory, they could not be “occupied” by Israel, meaning it could settle the land as it wished.

      Nevertheless, this position ran contrary to Article 49 of the Fourth Geneva Convention, which states that: “the Occupying power shall not deport or transfer parts of its civilian population into the territory it occupied.” Consequently, the international community, including the United Nations, the International Criminal Court (ICC), and the International Court of Justice (ICJ), has consistently deemed Israeli settlements as illegal and as impediments to any peace agreement between Palestinians and Israelis.

      However, the administration’s rationale for its decision was that declaring the settlements illegal only restrains and impedes the negotiation process and, thus, any progress towards a successful resolution of the Palestinian/Israeli conflict.

      Around the same time, the Trump administration announced that it would no longer contribute funding to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), the principal UN aid agency for Palestinians.

      What followed was a budget cut of 30%, culminating in profound humanitarian effects on Palestinians, especially for Gazans, who relied heavily on UNRWA’s provision of essential services to survive after Israel placed the Strip under siege following Hamas’s election victory in 2006.

      Again, the administration’s position mirrored that of the Israeli government, which has long criticised UNRWA for allegedly supporting terrorism. Pointedly, Israel’s position is motivated by its belief that UNRWA’s aid undercut its ability to manipulate Hamas’s government in Gaza by determining how much assistance it let into the Strip. UNRWA also reports back to the UN about the dire humanitarian situation in the Occupied Palestinian Territory , highlighting the deprivations and human rights abuses of Israel’s occupation and siege.

      Trump’s “Deal of the Century” In 2020, the Trump Administration published its so-called “Deal of the Century”, intending to resolve the Palestinian/Israeli conflict finally. However, Palestinians rejected the plan outright, incensed by proposals to rescind Jordanian custody of Haram al-Sharif and transfer control to Israel.

      Haram al-Sharif, or the Dome of the Rock mosque, is the third holiest site in Islam. When Jordan signed a peace agreement with Israel in 1994, Israel agreed to recognise Jordan’s custodianship of the Muslim holy sites in Jerusalem, specifically Haram al-Sharif. Rescinding control of Haram al-Sharif to Israel meant it would control all the disputed city.

      Importantly, for Palestinians in any peace agreement with Israel, East Jerusalem would become the capital of the future Palestinian state — without East Jerusalem, there can be no Palestine.

      While things changed marginally under the Biden Administration, the asymmetry between Palestinians and Israelis increased dramatically following the October 7 attacks. Given Trump’s overwhelming support for Israel, there is little indication that Palestinians will be given equitable treatment in his second term.

      How far does Trump’s support for Israel go? During the Presidential campaign, Trump stated on several occasions that he wanted Israel to win the war quickly. On 3 December, Trump posted on social media that Hamas needed to release all remaining hostages before he took office on 20 January 2025. Otherwise, there would be “hell to pay in the Middle East, and for those in charge…”.

      While it is uncertain exactly what this may entail, the incoming Administration would likely support Israel’s efforts to find those hostages, irrespective of what that might involve. The future is equally bleak for the prospects of a Palestinian state, with Israel’s ultra-nationalist Finance Minister, Bezalel Smotrich, issuing a statement soon after Trump’s re-election voicing his hope that the incoming Administration would support Israel’s claim of sovereignty over all the West Bank. Smotrich also oversees the administration of Israel’s occupation of the West Bank and East Jerusalem.

      Soon after issuing the statement, he instructed the Israeli Defence Ministry’s Settlement Directorate and Civil Administration to prepare for annexation. Any such move would sound the death knell for any Palestinian state.

      The only saving grace for Palestinians is that any annexation would almost certainly create a diplomatic storm throughout the Arab world, especially in light of the ICC accusing Netanyahu and his Defence Minister, Yoav Gallant, of war crimes and crimes against humanity due to Israel’s actions in Gaza and the West Bank that have seen more than 45,000 Palestinians killed.

      The last time that the Arab world felt so aggrieved and diplomatically embarrassed was after the 1967 and 1973 Wars. Following the 1967 War, Egypt closed the Suez Canal for eight years, while after the 1973 War, OPEC implemented a 5-month oil embargo on all states that supported Israel, including the US, creating an international energy crisis. A repeat of either or both scenarios would be catastrophic for global trade.

      Whether President Trump would risk such a calamity by supporting Israel’s ultra-nationalist agenda is again uncertain. What is more certain is that the President holds little respect for diplomatic conventions and considers himself a deal-maker, meaning that he could indeed gamble on being able to make the Arab world bend to his diplomatic will without having to compromise too much on US support for Israel. (360info) SCY SCY SCY

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