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    Current account deficit widens to USD 6.2 bn in Jun: RBI data
    Concessional swap facility attracts USD 56.85 bn forex inflows: RBI
    DFS Highlights Mechanism for Timely Redressal of Insurance Policyholders’ Grievances
    Forex kitty jumps USD 14.14 bn to USD 707 bn in one of the biggest weekly expansions
    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
    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
    India's exports surge 19.6 pc in Jul; trade deficit widens to six-month high
    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...
    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
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    August 14, 2026
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    Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
    India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
    August 14, 2026
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    Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
    The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
    August 14, 2026
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    Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
    Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
    August 14, 2026
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    Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
    India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
    August 14, 2026
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    Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
    Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
    August 14, 2026
    Show AI Summary
    Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
    Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
    August 14, 2026
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    International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
    International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
    August 14, 2026
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    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
    August 14, 2026
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    International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
    IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
    August 14, 2026
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    Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
    Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Gujarat's 1st Platinum-Rated Farmhouse Community unveiled near Ahmedabad

      January 25, 2025

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      GPP ONE is designed to achieve Rs.60 Lakh Annual Savings in Energy Ahmedabad (Gujarat) [India], January 25: Ahmedabad recently witnessed an extraordinary gathering celebrating the convergence of luxury and sustainability. Over 400 individuals—visionaries, eco-conscious influencers, and real estate leaders—converged at GPP ONE for its much-awaited unveiling. Located just a short drive from the city, this exclusive farmhouse community sets a new benchmark in modern living.

      The event, held amidst the lush green landscapes of GPP ONE, showcased the culmination of a 1000-day journey. More than just a property launch, it was a celebration of ideas, efforts, and a commitment to eco-conscious living.

      An Event to Remember Guests were treated to a carefully curated experience that highlighted the unique aspects of GPP ONE. From guided site tours to hands-on workshops, every moment was designed to immerse guests in the community’s ethos of sustainability and coexistence.

      Key highlights included: • Nature Walks: Guests explored the sprawling 81,000-square-yard development, witnessing firsthand the harmony of architecture and nature.

      • Crafting Personal Scents: A bespoke “Make Your Own Fragrance” activity resonated deeply, drawing inspiration from natural elements surrounding the venue.

      • Eco-Luxury in Motion: A luxury EV showcase added a modern touch, blending style with sustainability.

      The Vision Behind GPP ONE Conceptualized by visionary entrepreneur Amit Rao, GPP ONE is not just a community—it’s a philosophy. Drawing inspiration from his own private farmhouse, this development embraces "nothingness," where tranquility reigns, and the natural environment takes precedence over urban chaos.

      Speaking at the event, Mr. Amit Rao said, “At GPP ONE, we envisioned a place where luxury doesn’t come at the cost of nature. Our 1000-day journey was a labor of love, driven by a commitment to create not just homes but a sanctuary that nurtures the mind, body, and soul. This isn’t just about real estate—it’s about redefining how we live with and respect the planet.” Homes Rooted in Nature GPP ONE’s Nature Villas are the embodiment of thoughtful design, blending modern functionality with the essence of an authentic farmhouse experience. These homes are carefully crafted to embrace life and redefine comfort by bringing nature indoors.

      Low-Emission Glass Walls Expansive low-emission glass windows are a signature feature, seamlessly dissolving the boundaries between indoor and outdoor spaces. These glass walls allow an abundance of natural light while minimizing heat gain, reducing energy consumption for cooling. Residents can enjoy uninterrupted views of the verdant landscapes, creating an immersive connection to nature.

      Architectural Harmony with Nature The design prioritizes sustainability without compromising aesthetics.

      • Decks and Terraces: These serve as natural cooling buffers, enhancing ventilation and keeping homes comfortable throughout the year.

      • Customizable Amenities: Residents can personalize their villas with features like swimming pools, cabanas, campfire sit-outs, or even private organic poly-net, ensuring every home reflects its owner’s unique style.

      • Farmhouse Essence: With lush surroundings, the villas offer an authentic farmhouse feel, providing a sanctuary where urban stress fades into the serenity of nature.

      Innovative & Sustainable Practices GPP ONE is more than just a place to live—it’s a living testament to how modern development can coexist with nature. Its sustainability features go beyond conventional green practices, setting a benchmark for eco-luxurious communities.

      Biodiversity and Greenery The development is a haven for biodiversity. Over 3,000 native trees and a million plants, including medicinal herbs and flowering shrubs, have been planted to create a thriving microclimate. The area supports: • 91+ bird species, enriching the auditory and visual experience of the community.

      • 38+ pollinator species, ensuring a balanced ecosystem.

      • 200+ plant varieties that enhance soil quality and air purity.

      Energy Efficiency and Net-Zero Goals GPP ONE is aimed as a Net Zero Energy (NZE) community, almost eliminating reliance on fossil fuels. Solar energy powers homes and community spaces, with the community generating an estimated ₹60 lakh in annual energy savings, making it an exemplary model for future developments. With an impressive green-to-grey ratio of 9:1, it showcases how eco-conscious planning can result in significant long-term benefits.

      Water Conservation Advanced rainwater harvesting systems capture and store monsoon water, significantly reducing the strain on external water supplies. The community saves several lakh liters annually, ensuring a self-sufficient and sustainable water system.

      Chemical-Free Living Residents have access to fresh, organic produce cultivated on-site. The chemical-free food system is a cornerstone of GPP ONE’s commitment to healthy, sustainable living.

      The Heart of the Community Life at GPP ONE extends beyond individual homes. The thoughtfully designed amenities encourage interaction, reflection, and recreation, providing a balanced lifestyle.

      Community Spaces • Earthship Clubhouse: A self-sustaining structure at the heart of the community, offering spaces for leisure, fitness, and social gatherings.

      • Aranyani Tea Lounge & library: Surrounded by lush gardens, it’s a tranquil retreat to enjoy a cup of tea and connect with nature.

      • Butterfly Parks and Lakeside Walkways: These serene areas invite residents to reflect, relax, and rejuvenate.

      Mindful Dining and Fitness • Unplugged Café 2.0: The community kitchen celebrates simplicity and health, crafting meals inspired by fresh organic ingredients.

      • Multi-Sports Court and Outdoor Gym: Designed for fitness enthusiasts, these spaces encourage an active and vibrant lifestyle.

      Infrastructure That Inspires Every element of GPP ONE’s infrastructure is designed with sustainability and accessibility in mind. The wide, thoughtfully laid roads and free utilities like water and electricity enhance everyday convenience.

      The development stands as a testament to the idea that luxury can coexist with environmental responsibility, inspiring future communities to follow its lead.

      A Living Investment in Sustainability GPP ONE isn’t just a home—it’s an opportunity to invest in a sustainable future. This eco-conscious community attracts like-minded individuals who value green living and want to leave a legacy of positive environmental impact.

      The commitment to net-zero emissions and fostering biodiversity ensures that GPP ONE is a beacon of sustainable living for generations to come.

      A Vision Realized From its meticulous planning to its flawless execution, GPP ONE represents the pinnacle of sustainable luxury. As the 1000-days journey concludes, it marks the beginning of a new era—one where luxury, nature, and responsibility intertwine seamlessly.

      “GPP ONE is more than a project; it’s a way forward for those who believe in the power of sustainability. Together, we’ve built a future we can all be proud of,” Mr. Amit Rao concluded.

      To learn more, visit greenpanther.in (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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