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    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
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    Unlimit Mobile Ties Up with ICICI Bank Canada, RBC Royal Bank to Add Mobile Connectivity Benefits to Student GIC Journey
    Standard Chartered Accelerates India's GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
    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
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    National Company Law Tribunal (NCLT) Launches e-Inspection and e-Certified Copy Services
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    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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    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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    EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
    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.
    August 13, 2026
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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.
    August 13, 2026
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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.
    August 13, 2026
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    Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
    Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
    August 13, 2026
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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.
    August 13, 2026
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    CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
    CBDC-based Direct Benefit Transfer under the Pradhan Mantri Garib Kalyan Anna Yojana will credit eligible beneficiaries' food subsidies as programmable Digital Rupee tokens directly into CBDC wallets. Beneficiaries may use these credits to purchase foodgrains from empanelled merchants through secure, real-time and traceable payments, replacing conventional bank-account transfers. The model is intended to improve traceability, reduce leakages and cash handling, enable real-time monitoring of subsidy use, and provide a scalable framework for CBDC integration with welfare schemes.
    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.
    August 12, 2026
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    Prepaid plan restructuring eliminates mid-tier daily-data options and channels subscribers toward higher-priced plans with expanded data access.
    Bharti Airtel has discontinued prepaid plans combining 1.5 GB daily data allowances with unlimited calling, directing subscribers towards higher-priced plans with expanded data access, including unlimited 5G data. The restructuring reduces low-priced unlimited-data offerings and changes the pricing architecture for customers using discontinued mid-tier plans. Management links tariff repair to differentiated mobile-plan categories and sustained average revenue per user growth.
    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.
    August 12, 2026
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    Identity document forgery allegations prompt investigation into fraudulent Aadhaar updates and falsified government and educational certificates.
    Alleged forgery and misuse of identity-related records are under investigation following operations at Aadhaar centres. Seized materials reportedly include forged birth, educational, residence, caste and citizenship certificates, records bearing forged signatures and seals, and equipment used for Aadhaar updates. Four persons were arrested in two operations for allegedly preparing forged records and using them to update Aadhaar cards. Cases have been registered under relevant provisions of the Bharatiya Nyay Sanhita, with investigation continuing into the extent of the alleged network.

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      Skyscanner Reveals Cheapest Destinations for 2025 and Hacks to Ease Travel Planning for Travellers Feeling 'Wanderlost'

      January 16, 2025

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      Mumbai, Maharashtra, India – Business Wire India • Fear of making a less-than-perfect choice (96%), cost (95%), and overthinking (94%) prevent Indians from booking their travels • Ayodhya, Kochi, Phnom Penh, Kuala Lumpur among the list of cheapest destinations that Indians can visit in 2025 Leading global travel app, Skyscanner, today released its ‘Wanderlost’ report, revealing that 94% of Indian travellers tend to overthink their holiday plans, making it harder for them to commit to a trip. The report offers a closer look at how Indian travellers plan for the year ahead, with nearly half (49%) already planning their next getaway. It further highlights the key factors that shape their travel decisions and what often holds them back from booking their next adventure.

      January is all about fresh beginnings and the perfect time to map out 2025 adventures, with 89% of Indians using this month to make important decisions for the year ahead. However, for 75% of Indian travellers, the process of planning a trip can feel overwhelming - almost as much as figuring out their relationship goals! Key stressors like the fear of making a less-than-perfect choice (96%), cost concerns (95%), and overthinking (94%) hold many back from booking their holidays. Travellers also tend to be extra cautious about their travel plans, revisiting their options multiple times—whether it's flights (41%), hotels (35%), or activities (30%)—to make sure everything is perfect before they hit 'book'.

      Skyscanner’s Wanderlost report uncovers this growing travel planning stress experienced by Indian travellers. Mohit Joshi, Travel and Destinations Expert shares, “Planning a trip should be exciting, but for many, it can feel like a daunting task. Our Wanderlost report highlights that over 1 in 5 (22%) Indian travellers take up to a month to finalise their holiday plans – a timeframe akin to deciding on higher education! Despite this, nearly half (45%) Indians ended up taking more holidays than they originally planned in 2024.

      At Skyscanner, we want to fuel this passion for travel and make the planning experience hassle-free. Whether seeking great deals or new destinations, our money-saving tools and features are designed to simplify every step of the trip planning process. When flexible with dates, our Cheapest Month feature reveals the most budget-friendly time to fly and helps you discover the most cost-effective month to visit any destination. Meanwhile, our Explore Everywhere search inspires travellers to uncover incredible destinations within their budget, all ranked by price. With a wealth of travel hacks and tips available, we want to ensure 2025 is the year when travel dreams take flight.” To further explore the mental strain behind this phenomenon, Skyscanner collaborated with Dr. Faye Begeti, neurology doctor and neuroscientist who explains, "Wanderlost," a state of indecision during travel planning, stems from mental fatigue. Planning a holiday can feel overwhelming, especially when each decision - whether it’s choosing a destination or booking flights, hotels, and activities - requires significant mental effort. When a choice is difficult to make, it’s often because we need to shift our attention between various options, compare them and analyse the pros and cons. The constant mental juggling of information, particularly when it’s scattered across multiple online sources, relies heavily on our prefrontal cortex and can drain our cognitive resources, further amplified by the pressure to make the ‘perfect’ choice. This can turn the usual excitement of "wanderlust" into the exhaustion of "wanderlost”. I’m glad to be working with Skyscanner to help travellers overcome this challenge.” Brain hacks to overcome “Wanderlost” Skyscanner is tackling 'Wanderlost' with five neuroscience-backed exercises, developed with Dr. Faye Begeti, to help travellers simplify decisions and plan confidently for 2025. These are: 1. Combat Decision Fatigue: Decision fatigue can overwhelm your brain, making even simple choices feel exhausting. Narrowing down your options is key.

      2. Prioritise Key Decisions Early: Tackle the big decisions - like selecting flights or accommodation - when your mental energy is highest. For less important choices, adopt a "good enough" approach. If a choice meets your criteria, select it and move on to avoid overthinking and decision fatigue.

      3. Balance Mental Energy with the Right Holiday: Choose a holiday that aligns with your mental state. If you're feeling mentally overloaded, opt for a nature-focused retreat to reduce sensory input and recharge. If you’re under-stimulated, consider a city break or an adventure holiday for a burst of novelty and excitement.

      4. Leverage Anticipatory Dopamine: Our brain thrives on anticipation, making the build-up to a holiday feel as exciting as the trip itself so use it to your advantage. Bookmark your dream destinations in a saved list and revisit them as you refine your plans, making the planning a less stressful and more exciting experience.

      5. Break Free from Routine: As we get older, time can feel like it’s moving faster, often because we get stuck in familiar routines. Overcome the status quo bias that keeps you locked into these patterns. Try stepping out of your comfort zone when planning your holiday and explore unexpected destinations; this can lead to more memorable experiences.

      Skyscanner’s Cheapest Destinations for 2025 One in three Indian travellers (31%) are inspired by affordable travel destinations, while almost one in four (23%) are motivated by knowing the cheapest places to visit. In 2024, high costs were a key barrier for Indian travelers, with 32% citing it as the reason for taking fewer holidays.

      Skyscanner has curated a list of the best value-for-money locations for 2025 that Indian travellers can look forward to, with prices as low as Rs. 8,390.

      No Cheapest Destinations for 2025 Flight prices in 2025 1 Ayodhya, Uttar Pradesh From Rs. 8,390 2 Kochi, Kerala From Rs. 9,898 3 Jaisalmer, Rajasthan From Rs. 9,898 4 New Delhi, India From Rs.10,220 5 Phnom Penh, Cambodia From Rs.12,262 6 Srinagar, Jammu & Kashmir From Rs.12,370 7 Kuala Lumpur, Malaysia From Rs.17,425 8 Abu Dhabi, United Arab Emirates From Rs. 22,588 9 Muscat, Oman From Rs. 22,588 10 Davao, Philippines From Rs. 23,557 Coupled with Skyscanner's features such as the Savings Generator and Price Alerts, Indian travellers can effortlessly uncover incredible deals, optimise their budgets, and plan the most memorable journeys without compromising on experiences.

      Notes to the Editor: Data based on a recent Skyscanner Wanderlost survey conducted from 18th to 22nd November 2024, among 2,000 Indian adult travellers aged 18 to 65.

      **Cheapest Destination Methodology: To create our list of the cheapest destinations, we analysed millions of flight bookings and calculated the median return economy seat price for all departure cities within each market. The analysis covers all departure and return dates in 2025, based on data available as of November 2024. It includes both direct and connecting flights, while excluding promotional fares and sales to focus on standard economy pricing.

      Our top 10 destinations were then carefully curated by considering additional factors such as traveller suitability ensuring the list is both data-driven and highly relevant for travellers.

      About Skyscanner Skyscanner is a leading global travel app that helps travellers plan and book their trip with ease and confidence. Every month, Skyscanner connects millions of travellers, in 52 countries and 32 languages, to more than 1200 trusted travel partners so they can find the best flight, hotel or car hire options.

      Founded in 2003, Skyscanner has offices worldwide, in Europe, Asia-Pacific and North America where traveller-first innovations are developed, powered by data and insights. Making use of the latest technology, Skyscanner simplifies the complexity of travel and provides honest and transparent solutions, searching more than 80 billion prices every day so travellers can be sure they've seen the best possible options, all in one place.

      (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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