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    Every ₹1 invested under Kisan Credit Card– Modified Interest Subvention Scheme (KCC-MISS) contributes ₹2.30 to net value addition in the...
    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
    ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY
    Rajya Sabha passes bill to tackle payment delays faced by MSMEs amid Opposition protests
    MPC's 3-day meeting begins amid expectations of status quo on interest rates
    Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
    DRI seizes quantities of gold; drugs, e-cigarettes and other contraband in pan-India Ops; 20 persons, including 5 foreign nationals, arrested
    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and deve...
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    India-China trade through Shipli La resumes after six years
    Odisha's export can reach USD 50 billion by FY 2029-30: Study
    Andhra records 21 per cent growth in net GST collections till July
    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
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    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.
    August 3, 2026
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    Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms.
    Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
    August 3, 2026
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    MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
    MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
    August 3, 2026
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    Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
    Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
    August 3, 2026
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    Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
    Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
    August 3, 2026
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    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    August 3, 2026
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    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.
    August 3, 2026
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    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
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    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
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    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
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    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
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    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    August 1, 2026
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    Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
    Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
    August 1, 2026
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    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
    August 1, 2026
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    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
    August 1, 2026
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    Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
    Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
    August 1, 2026
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    PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
    PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.

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      Pete Hegseth vows 'warrior culture' if confirmed as Trump's defence secretary

      January 14, 2025

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      Washington, Jan 14 (AP) President-elect Donald Trump's choice for defence secretary, Pete Hegseth, vowed Tuesday to foster a “warrior culture” at the Pentagon, portraying himself as a “change agent” during a testy Senate confirmation hearing that drew protesters but also veterans in support.

      Hegesth did not initially address the allegations of sexual assault, excessive drinking or his derisive views on women in combat and minorities, as senators determine whether the veteran and TV news show host is fit to lead the US military. Instead, he focused on his combat experience in the Army National Guard.

      “It's time to give someone with dust on his boots the helm. A change agent,” Hegseth said in his opening remarks.

      “This is not academic,” he declared, wearing an American flag pocket square on his suitcoat. “This is my life.” Asked directly about the sexual assault allegation, Hegseth dismissed it as a “smear campaign” and unfair attack. But he did not specifically address any of the accusations, or tell the senators that he did not drink or womanise.

      Senators immediately began drilling down on the questions surrounding Hegseth, with the Republican chairman of the Armed Services Committee acknowledging the “unconventional” choice and the top Democrat warning of “extremely alarming” allegations against him.

      Sen. Roger Wicker, R-Miss., the chairman, compared Hegseth to Trump himself, dismissed the various allegations against him as unfounded and said he will “bring energy and fresh ideas to shake up the bureaucracy.” But Sen. Jack Reed, D-R.I. said flatly: “I do not believe that you are qualified to meet the overwhelming demands of this job.” Hegseth, 44, comes from a new generation of veterans from the Iraq and Afghanistan wars, and his military experience is widely viewed as an asset. But he also brings a jarring record of past actions and statements, including about women, minorities and “woke” generals. He has vowed not to drink alcohol if he is confirmed to lead the Pentagon.

      Trump backed his pick, saying Hegseth has “my Complete and Total support” in a morning post.

      The hearing at the Senate Armed Services Committee is the start of a weeklong marathon as senators begin scrutinising Trump's choices for more than a dozen top administrative positions.

      Hegseth is among the most endangered of Trump's Cabinet choices, but GOP allies are determined to turn him into a cause celebre for Trump's governing approach amid the nation's culture wars. Outside groups, including those aligned with the Heritage Foundation, are running costly campaigns to prop up Hegseth's bid.

      In the audience were cadres of men wearing clothing expressing support for veterans or service in the military, but also protesters who momentarily disrupted proceedings but were removed from the room.

      The Republican-led Senate is rushing to have some of Trump's picks ready to be confirmed as soon as Inauguration Day, January 20, despite potential opposition to some from both sides of the aisle. With a narrow GOP majority, they need almost all Republicans to support Trump's pick if Democrats oppose.

      Hegseth faces perhaps the most difficult path to confirmation. He was forced to confront allegations of sexual assault, which he has denied, and his own comments that are far from the military mainstream.

      Pressed on his opposition to diversity initiatives in the military and women serving in combat roles, Hegseth agreed that the military “was a forerunner in courageous racial integration.” But he argued that modern diversity and inclusion policies “divide” current troops and don't prioritise “meritocracy.” And Hegseth had to answer for his comments that women should “straight up” not be in combat roles in the military, a view he has softened following recent meetings with senators.

      In one firery exchange, Sen. Kristen Gillibrand, D-N.Y., told Hegseth: “You will have to change how you see women to do this job.” Gillibrand said of Hegseth's comments: “They are brutal, and they're mean, and they disrespect men and women” who fight for this country.

      Hegseth was combative at times, and scoffed as Reed asked him to explain what a “jagoff” was. Only after further pressure from Reed did Hegseth say it was a military lawyer, a JAG officer, who “put their own priorities in front of the warfighters.” Many senators have not yet met with Hegseth and most do not have access to his FBI background check, as only committee leaders were briefed on its findings.

      Reed said the background check on Hegseth was “insufficient.” It did not probe or produce new information beyond what's already in the public realm about him, according to a person familiar with the situation who insisted on anonymity to discuss it.

      In many ways, the Hegseth hearing was following the template set during Trump's first term, when one of his choices for Supreme Court justice, Brett Kavanaugh, came under intense scrutiny over allegations of sexual assault but turned the tables on his critics and recouped to win confirmation to the high court.

      “He will be ripped. He will be demeaned. He will be talked about,” said Sen. Tommy Tuberville, R-Ala., at an event with former Navy SEALs, Army special forces and Marines supporting the nominee. “But we're going to get him across the finish line.” Hegseth was largely unknown on Capitol Hill when Trump tapped him for the top Pentagon job.

      A co-host of Fox News Channel's “Fox & Friends Weekend,” he had been a contributor with the network since 2014 and apparently caught the eye of the president-elect, who is an avid consumer of television and the news channel, in particular.

      Hegseth attended Princeton University and served in the Army National Guard from 2002 to 2021, deploying to Iraq in 2005 and Afghanistan in 2011 and earning two Bronze Stars. But he lacks senior military and national security experience.

      In 2017, a woman told police that Hegseth sexually assaulted her, according to a detailed investigative report recently made public. Hegseth has denied any wrongdoing and told police at the time that the encounter at a Republican women's event in California was consensual. He later paid the woman a confidential settlement to head off a potential lawsuit.

      If confirmed, Hegseth would take over a military juggling an array of crises on the global stage and domestic challenges in military recruitment, retention and ongoing funding.

      Besides being a key national security adviser to the president, the defence secretary oversees a massive organisation, with nearly 2.1 million service members, about 780,000 civilians and a budget of roughly USD 850 billion.

      The secretary is responsible for tens of thousands of US troops deployed overseas and at sea, including in combat zones where they face attacks, such as in Syria and Iraq and in the waters around Yemen. The secretary makes all final recommendations to the president on what units are deployed, where they go and how long they stay.

      The secretary's main job is to make sure the US military is ready, trained and equipped to meet any call to duty. But the secretary also must ensure that American troops are safe and secure at home, with proper housing, health care, pay and support for programs dealing with suicide, sexual assault and financial scams.

      Pentagon chiefs also routinely travel across the world, meeting with international leaders on a vast range of security issues including US military aid, counterterrorism support, troop presence and global coalition building. And they play a key role at NATO as a critical partner to allies across the region. (AP) GRS GRS

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