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    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
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    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
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    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
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    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
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    August 4, 2026
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    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
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    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
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    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
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    WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
    Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
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    Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
    The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
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    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
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    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
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    August 4, 2026
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    Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
    Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
    August 4, 2026
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    Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
    National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.
    August 3, 2026
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    Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
    Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.

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      DBT schemes for women not freebies, these appear patronising but still useful: Brinda Karat

      January 21, 2025

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      New Delhi, Jan 21 (PTI) As political parties jockey to woo women with schemes and promises of sops every election season, CPI(M) leader Brinda Karat feels that these are reflections of their assertion as independent citizens even as these schemes take away the discourse from women's rights and make them mere "beneficiaries".

      In an interview with PTI, she, however, welcomed cash transfer to women while stressing that it was not a "freebie" as women contribute almost seven per cent of the GDP through unpaid labour.

      It shows that political parties have realised that women cannot be taken for granted, said Karat, a well known activist who is among the founding members of the All India Democratic Women's Association (AIDWA), one of the largest women organisations in the country.

      Asked about direct benefit transfer (DBT) schemes for women being brought in by political parties in the run up to eleections, she said, "That is a result of women's movements, women's organisations, the struggles and the consciousness of women that they are not just appendages of men, but they have an independent existence." "Political parties have understood that they cannot take women for-granted. In that sense it is recognition of what we as women activists have been fighting for. I would not call the schemes in itself women empowerment. But yes, it is a reflection of women's self-assertion as independent citizens," Karat told PTI.

      She pointed out at the unpaid labour that women perform and referred to a 2023 survey by the State Bank of India (SBI) that revealed that the total contribution of unpaid labour by women to the economy is around Rs 22.7 lakh crore (Rural: Rs 14.7 lakh crore and Urban: Rs 8.0 lakh crore) which is almost 7.5 per cent of India's GDP.

      "If you estimate it in terms of money, the value of work that women are doing to ensure survival of families through unpaid domestic or care work is over seven per cent of India's GDP. This is actually women's contribution. Instead of recognising that in a more direct way, you are giving Rs 1,500, or Rs 1,000 and say this is not a recognition of a right you have, but a largess from the government," the CPI(M) leader said.

      "A woman's right has turned into a beneficiary's right. We don't want to be beneficiaries. You want to patronise us, you want to have patriarchal patronage that looks like what a great thing we are doing, giving you money. You want to turn a right into largess, and call it freebie," she said.

      Karat, however, added that even though the schemes appear patronising, it is still useful for women who are under dire economic stress. Better not to take away from the reality that women require these schemes, she stressed.

      "In the dire circumstances that women are in today as far as financial dependency is concerned -- lack of employment opportunities, particularly in rural areas and for labouring women, the kind of work one has to do to earn and the indignity of always having to ask for the smallest of personal expenditure to a male in the family.... in that sense, a woman having control on cash on a monthly basis, even if such a small amount, is something they really welcome," she said.

      "This is another aspect we have to look at. You can't just say we don't want it. It's a woman's right... by ensuring you do have some money on which you have your own control. Whether they have full control or not, I have my doubts because often that is used not for themselves but to make up the gaps. Every woman now is in deep debt," Karat said.

      She emphasised the need for providing women with better economic opportunities and referred to a study done by the AIDWA which showed that the high rate of interest on micro-finance used by rural women has impacted them severely.

      "If the government could do something like that on a more sustained basis, than just give Rs 1,000 or Rs 1,500 per month, to ensure that women do have an income, that would be a very welcome step," the CPI(M) leader said.

      Asked about the debate around "freebies", Karat questioned what about those handed out to the corporate through loans and tax concessions.

      "What about the freebies that corporates are getting with lakhs and crores of rupee worth bank loans, tax concessions... now even subsidising 500 biggest companies in India to have interns in their companies and companies can pay them Rs 5,000 a month and take from them the entire work that a worker should do. That is being subsidized by the government," she said.

      In Delhi, which goes to poll on February 5, the ruling Aam Aadmi Party (AAP) has promised to raise the financial assistance for women under the Mukhyamantri Mahila Samman Yojana from Rs 1,000 per month to Rs 2,100.

      Countering it, the BJP has promised to provide Rs 2,500 per month to women under its 'Mahila Samridhi Yojana' while the Congress has announced the 'Pyari Didi Yojana' to give monthly financial assistance of Rs 2,500 to all eligible women.

      Similar schemes were announced in other states as well, including during the recent assembly polls in Jharkhand and Maharashtra where the 'Maiya Samman' scheme and the 'Ladki Bahin Yojana', respectively, were seen as game changers. PTI AO AO NSD NSD

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