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    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
    50 tonnes of copper without e-way bills seized by Delhi GST, Railways joint team
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    CBI ARRESTS CGST SUPERINTENDENT IN BRIBERY CASE
    The cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in Apr...
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    IFSCA Grants Nexent Capital GIFT City Investment Banking License
    India's exports rise 19.63 pc to USD 44.24 bn in Jul; trade deficit widens to $31.98 bn
    Vizhinjam port to commence EXIM operations from Aug 18: Kerala CM Satheesan
    Ratul Puri: Beyond Low-Cost Power to Clean Energy Reliability
    PMS Bazaar Collaborates with NSDL Database Management Limited (NDML Accreditation Agency) to Expand Access to SEBI Accredited Investor Certification
    Compounded annual growth rate of Manufacturing GVA at constant prices (2022-23 base) as per revised series during 2022-23 to 2025-26 is 10.88%
    National Company Law Tribunal (NCLT) Launches e-Inspection and e-Certified Copy Services
    The Government of India to launch the Central Bank Digital Currency (CBDC)-based Direct Benefit Transfer (DBT) in the Union Territories of Chandigarh ...
    India and the Southern African Customs Union (SACU) sign Terms of Reference (ToR) for negotiations towards a Preferential Trade Agreement
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    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    August 13, 2026
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    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
    August 13, 2026
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    GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
    GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
    August 13, 2026
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    Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
    Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
    August 13, 2026
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    Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
    Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
    August 13, 2026
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    Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
    India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
    August 13, 2026
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    Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
    Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
    August 13, 2026
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    Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
    Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
    August 13, 2026
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    Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
    IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
    August 13, 2026
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    Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
    India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
    August 13, 2026
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    Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
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    Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
    Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
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    Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
    SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.
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    Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
    NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
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    CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
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    August 13, 2026
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    Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
    India and the Southern African Customs Union have signed Terms of Reference to commence negotiations for a Preferential Trade Agreement. Negotiations are envisaged on trade in goods and market access, rules of origin, customs procedures and trade facilitation, trade remedies including bilateral safeguards, sanitary and phytosanitary measures, technical barriers to trade, dispute settlement, and legal and horizontal provisions. The Terms of Reference establish the negotiating framework only; preferential tariff treatment and other operative commitments depend on conclusion of a final agreement.
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    August 12, 2026
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    Insolvency professional conduct faces money-laundering allegations over re-admitted claims, creditor committee changes, and a connected resolution applicant.
    Enforcement action under the Prevention of Money Laundering Act concerns allegations that an insolvency professional re-admitted claims earlier rejected as spurious and fraudulent during the Corporate Insolvency Resolution Process. The alleged re-admission altered the Committee of Creditors' composition and facilitated consideration of a resolution plan allegedly submitted for, and funded through an entity controlled by, a company promoter under investigation for diversion of bank-loan funds. Adverse findings reportedly included acting beyond authority by relying on fabricated and improperly submitted material.

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      Kharge condemns Bhagwat's 'independence' remark, warns him against making such statements

      January 15, 2025

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      New Delhi, Jan 15 (PTI) Congress president Mallikarjun Kharge on Wednesday condemned RSS chief Mohan Bhagwat's remarks that India's 'true independence' was established on Ram temple consecration day and warned that it would become difficult for him to move around in the country if he continues to make such statements.

      Addressing party leaders after the inauguration of the Congress' new headquarters located at 9A, Kotla Road here, Kharge said RSS people believe that independence was achieved with the Ram Temple inauguration and don't remember the independence of 1947 as they did not fight for it.

      "You would know that those people who had nothing to do with independence and did not fight for it are making such statements. I read the statement by the RSS chief. He said real independence was established with the inauguration of the Ram Temple. He had inaugurated the temple along with (Prime Minister) Narendra Modi...Modi believes that independence was achieved in 2014 when he became PM," he said.

      "RSS people believe that independence was established with Ram Temple inauguration. It is a matter of shame that even though we got independence in 1947 they are not acknowledging it because they did not struggle for it, go to jail, and therefore they do not remember. We remember because our people died for independence and struggled for it," he said.

      Kharge condemned Bhagwat's statement and said that "it would become difficult for him to move around in the country if he keeps giving such statements".

      The Congress chief's remarks come after Bhagwat said the date of the Ram Temple consecration in Ayodhya should be celebrated as "Pratishtha Dwadashi", as the "true independence" of Bharat, which faced "parachakra" (enemy attack) for several centuries, was established on this day.

      Kharge said the Congress headquarters would become the centre of fighting forces that are working against the Constitution and democracy.

      Quoting B R Ambedkar, Kharge said those who forget history cannot make history.

      "So to those people who forget the work done by the Congress, that it had attained independence for the country, I would say you will not be able to make history. I say this as parties nowadays are spending their time only in abusing Congress instead of working for the country," he said.

      Kharge said the Congress stands on the power of ideas.

      "All the major national heroes including Dadabhai Naoroji, Mahatma Gandhi, Sarojini Naidu, Sardar Patel, Nehru, Maulana Azad, Netaji Subhash Chandra Bose, Rajendra Prasad are our heritage," Kharge said.

      He said many historical works have been done during the Congress rule that changed the face of the country.

      "Under the leadership of Nehruji, India became the largest democracy in the world. The best Constitution of the world was made under the leadership of Ambedkar ji. The slogan of Jai Jawan - Jai Kisan was given under the leadership of Shastri Ji. During Indira Gandhi's tenure, banks were nationalised and the privy purse was abolished," he said.

      Indira Gandhi took forward the work of the green revolution and the white revolution, and defeated Pakistan while liberating Bangladesh, the Congress chief said.

      During the tenure of P V Narasimha Rao, the country got a new direction through Liberalisation and Economic Reforms and during the time of Rajiv Gandhi, historic works like the communication and information revolution, the automobile revolution, Panchayati Raj and the right to vote at the age of 18 years were done.

      The RTI, RTE, Food Security, MNREGA and Land Acquisition Act were enacted during the tenure of Dr. Manmohan Singh, he recalled.

      "I am proud that I became the President of the Congress Block Committee in the year 1969 during the time of Indira Gandhi ji. Then in 2022, I was elected as the Congress President. I am grateful to all of you for electing me as your president. We all have stood firm on the ideology of Congress, were firm and will remain so," he asserted.

      Kharge also paid tributes to former prime minister Manmohan Singh, who passed away last month, and said the library of the Congress headquarters will be named 'Dr. Manmohan Singh Library'.

      He also recalled Singh's words that history would be kinder to him and said that it was indeed so.

      Kharge credited Sonia Gandhi for picking Singh as the PM and said she also deserves praise when people hail the former prime minister across the globe.

      "The Congress has seen many ups and downs in 140 years, but has never lost patience and its leaders have taught us to not be pompous if there is a huge victory and not to be dejected if there is a defeat. We have to establish contact with the public, support their struggle with unity and discipline, and find solutions," he said.

      "Everyone saw the 'Bharat Jodo Yatra' and 'Bharat Jodo Nyay Yatra' under the leadership of Rahul Gandhi. Due to his hard work and sacrifice, it achieved unprecedented success. Due to this, people became aware of basic issues like protection of the Constitution, caste census, inflation, unemployment," he said.

      The result of this was that after the Lok Sabha elections, even the anti-constitutional forces started talking about the Constitution, Kharge said.

      "The new headquarters of Congress will give a new energy to the party, with the help of which we will fight and succeed," he said.

      Kharge, former party chief Rahul Gandhi, Congress general secretaries Priyanka Gandhi Vadra, Jairam Ramesh, and K C Venugopal, among other senior party leaders, were present on the occasion. PTI ASK SKC RHL

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