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    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
    Delhi govt to provide property Aadhaar cards; bring Land Records Bill: CM Rekha Gupta
    CCS discusses global security situation, supply chain constraints
    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
    Gold rises Rs 1,000 to Rs 1.48 lakh/10g on fresh retail buying
    DFS Launches Protection & Indemnity Insurance Product under Bharat Maritime Insurance Pool (BMIP)
    Investec Selects Infosys Finacle SaaS Platform on Microsoft Azure for Digital Banking Transformation
    Kotak Securities Earns Great Place to Work® Certification and Recognition Among India's Best Workplaces™ in Investments 2026
    India rises from 82nd to 57th in global rankings, in structural and pro-competitive reforms: Report by Competere Foundation
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    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
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    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
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    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
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    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
    July 30, 2026
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    Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
    The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
    July 30, 2026
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    Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
    Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.
    July 30, 2026
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    Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
    United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
    July 30, 2026
    Show AI Summary
    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
    Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
    July 30, 2026
    Show AI Summary
    Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
    Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.
    July 30, 2026
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    Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
    Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
    July 30, 2026
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    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
    Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
    July 30, 2026
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    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
    Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.

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      From Compliance to Culture: The Urgent Need for Electrical Safety in India's Manufacturing Industry

      January 20, 2025

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      Between 2017 and 2020, accidents in India's factories led to an average of three deaths and 11 injuries every day. Even more troubling, electrical accidents account for nearly 13 electrocution fatalities daily, the highest in any country in the world. The Central Electricity Authority (CEA) data further reveals that almost 40% of workplace fatalities are caused by electrical issues, a matter of grave concern.

      Having said that, India's manufacturing sector is growing rapidly with an expected expansion of 5% in 2024 and an increase in its share to 25% of the national economy by 2025. Employment in the sector is also on the rise, increasing by 7.5% in 2022-23 alone. However, as manufacturing surges, it is putting more and more workers at risk. If India is to achieve its vision of becoming a global manufacturing hub, electrical safety must become front and centre.

      Embracing Safety as a Foundational Element Recognising this, Polycab, India’s largest manufacturer of wires and cables, in partnership with CNBC-TV18, has launched Infra Safety: Powering India's Electrical Future, a series of conclaves to address the urgent need for electrical safety in the country. After holding the first conclave of this pioneering initiative in Mumbai in December 2024, Polycab presented the second Infra Safety Conclave in Chennai on January 7, 2025.

      The discussions focused on manufacturing safety with experts from diverse sectors sharing their valuable insights. They included Gopa Kumar S, President of the National Federation of Engineers for Electrical Safety, A Thanapal, Assistant District Officer, Tamil Nadu Fire and Rescue service, and R. Balakrishnan, VP & Head, MEP design, L&T. The manufacturing sector was represented by Srivats Ram, Managing Director, Wheels India and Chairman, CII, Tamil Nadu, and RA Krishnakumar, COO, Chettinad Cement Corporation. They were joined by Polycab’s Executive Director Nikhil Jaisinghani and Executive President & Chief Business Officer Bhushan Sawhney.

      The panelists emphasized the importance of safety standards, system audits, and reliable electrical infrastructure. The conclave also highlighted innovations such as IoT and advanced cabling solutions as the drivers of an electrically safer and more sustainable manufacturing future for India.

      Prioritizing Electrical Safety Electrical safety in manufacturing must be seen as a strategic priority, not just an afterthought, stated the panelists. While initiatives such as Make in India 2.0 and Aatmanirbhar Bharat have laid the foundation for industrial growth and advancement, it is imperative for India’s manufacturing sector to turn its focus on the critical role that electrical safety will play in this progress.

      Harish Bhardwaj, National Head, Industry Vertical, Polycab, highlighted the severity of electrical accidents in the country. He noted: "The statistics are clear. Electrical accidents claim more than 5,000 lives annually. And productivity losses from disruptive power can pull down revenues by 5-10%. These are not mere numbers; they represent the human and economic cost of safety lapses." The path to a safer, more sustainable manufacturing future requires collective effort, however. This requires collaboration between the government, industry leaders, safety experts and companies, and is essential to drive change and create a culture of safety in the country’s workforce.

      Infra-Safety: A Critical Imperative in Nation’s Progress Story Pointing to India's growing attractiveness as a global manufacturing sector, which will be pivotal for the country's growth trajectory, Mr Bhardwaj noted: "Foreign direct investments in the country have grown substantially by about 69% over the last decade. Along with this, there is also a huge need for infrastructure growth, and the government has been investing significantly in this space." At the same time, India’s manufacturing scale-up requires a matching scale-up in safety with the embrace of modern safety standards. "India is a great place to set up manufacturing," said Srivats Ram, Managing Director of Wheels India and Chairman, CII, Tamil Nadu. "But as we grow and become more competitive, it is essential to instil a safety culture in manufacturing to ensure we grow safely." While India's competitive advantage lies in its large pool of skilled talent, by embedding safety and skill development into manufacturing practices, the country can build a safer, more efficient industry for long-term success.

      From Reactive to Proactive The conclave explored critical aspects of electrical safety in the Indian manufacturing sector, emphasizing the sector's preparedness to meet global safety standards, the challenges faced by manufacturers, and how these challenges could be turned into opportunities for growth and global competitiveness.

      Chettinad Cement’s R A Krishnakumar highlighted a positive change in the sector’s approach to electrical safety. "Earlier, we had a reactive approach to safety, but we have become more proactive today," he noted.

      While acknowledging this trend, R. Balakrishnan, VP & Head of MEP Design, L&T pointed out the challenges faced by MSMEs with cost constraints and the lack of skilled manpower acting as significant barriers. "The speed at which we adopt and practice safety measures will determine our global standing. However, for MSMEs, limited resources and awareness often hinder progress," he said.

      Regulation and compliance The Ministry of Heavy Industries' upcoming regulation, effective August 2025, aims to standardize Indian practices with global norms. While this regulation will cover over 50,000 types of machinery, smaller manufacturers may face challenges with compliance costs and timelines.

      Placing the need for robust safety audits and regulations in the context of the country’s emergence as an export hub, Gopa Kumar S., President of the National Federation of Engineers for Electrical Safety, pointed out: "When it comes to exports, a strong audit team often evaluates manufacturing facilities to ensure compliance with international requirements.”. Hence, the panelists urged the government to introduce subsidies and rewards for factories with exemplary safety records.

      Another recurrent theme was the need to foster awareness of the importance of electrical safety. In a fireside chat, Bhushan Sawhney, Executive President & Chief Business Officer, Polycab, succinctly stated: “India needs to bring in a safety culture which is different from having procedures and processes. This means that when people do their daily grind, they think about the safest way to do things. Those who are from the manufacturing sector would have noticed a difference in how they go about things today compared to what they did, say, 10 years ago." Mr Sawhney reiterated the importance of incentivizing safety in the manufacturing sector to boost awareness. “The government should reward industries and factories that prioritize and excel in safety measures. Creating awareness about the importance of safety is equally critical,” he urged. “A Surakshit Bharat can only be achieved when safety starts from the manufacturers,” he added.

      Role of Automation, Cables, and Smart Technologies This requires three-fold action, pointed out A. Thanapal, Gl Fire E, MI Fire E (UK), Assistant District Officer, Tamil Nadu Fire and Rescue Service: "In Tamil Nadu, nearly 814 industries faced fire accidents, of which 502 were because of electric hazards. How can we evade this? Electrical safety is nothing but applying the 3 Es -- Engineering, education and enforcement." India has a long way to go before it meets global manufacturing standards. Challenges like legacy machinery, outdated switchgear and low-quality components persist. However, innovations and technology can play a crucial role in bridging this gap. And the manufacturing sector can swiftly overhaul its safety measures by using IoT-enabled devices and advanced cables and wires to automate and transform its process control, averred Polycab’s representatives. These smart technologies can reduce electrical incidents, improve productivity, and create safer workplaces, aligning India’s factories with international benchmarks and boosting the country's manufacturing reputation.

      Building a Culture of Electrical Safety in Manufacturing While electrical safety is emerging as the foundation for global competitiveness in India’s rapidly advancing manufacturing landscape, every step in creating a robust safety culture requires collective effort — one that must be shaped by rigorous standards, open communication, and forward-thinking innovation.

      According to Venkatesu C, Chairman of Electrical Safety at FSAI, it must all start with the basics of integrity testing. “Integrity tests ensure that not just cables but also the accessories used can withstand adverse conditions,” he explained. This principle forms the groundwork, ensuring that safety begins from the smallest components and is built upward.

      However, safety is not just about the equipment, it’s also about empowering people. At FLSmidth Cement, safety has become a community effort, revealed its Head of Manufacturing, Krishnamoorthy Rathinavel. "We share information in the local language with all workers. Regular weekly meetings with blue-collar workers help. We have safety community meetings every month where we talk about improvements, initiatives and implementing a safety culture.” R. Gobinath from Optimal MEP Consultants pointed to the pivotal role played by MEP experts in bridging technical challenges and practical realities. “Sometimes, consultants must take a firm stand. While codes exist, adapting them for clients ensures better understanding and avoids issues like recurring lithium accidents,” he reflected, highlighting the need to balance adherence and innovation.

      The Infra-Safety Conclave ended with key insights from Nikhil Jaisinghani, Executive Director at Polycab. Talking about electrical catastrophes, he said, "Majority of the deaths in a fire accident take place because of smoke inhalation and the inability to move due to low visibility. We created a product called green-wire, mostly for residential applications. This product gives out white smoke (in layman terms), so you can see and move around. Today it has become the largest selling premium product in the country. But it was not easy. We had to do a lot of awareness campaigns to educate people about it".

      Nikhil also stressed the need to fix challenges early-on when adopting new technologies. This helps avoid safety gaps and ensures steady progress. He also shared how Polycab is closely working with NSDC to skill and educate electricians about best practices when it comes to safety. "Safety is hygiene, not an expectation. It must always be present and non-negotiable in any circumstance." As the Infra Safety campaign demonstrated, in the realm of manufacturing, electrical safety is not a luxury or an afterthought—it is a foundational element that must be integrated into every design, system, and protocol.

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

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