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    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
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    India achieves near-universal banking coverage, with 99.92% of inhabited villages now served by a banking outlet
    Rupee rises for 6th day, gains 12 paise to 95.31 against US dollar as crude drops
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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.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
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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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    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
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    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
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    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
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    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    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.
    August 4, 2026
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
    Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
    August 4, 2026
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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.
    August 4, 2026
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    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
    Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
    August 4, 2026
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    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
    Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
    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.
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    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.
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    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.
    August 3, 2026
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    Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
    Online astrology platforms were reported as lacking specific regulatory guidelines within the consumer affairs department. The RTI application sought information on alleged unfair trade practices, investigations, complaints, licences, approvals, and applicable rules. The National Consumer Helpline stated that it had not investigated because it functions as a grievance-resolution platform. A revised factual response was required on investigations and complaint data, while queries concerning regulation, licences, approvals, and related investigations were to be transferred to the public authorities likely to hold that information.
    August 3, 2026
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    Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
    The proposed business combination would take Yellow.ai public through a definitive agreement with Bluerock Acquisition Corp., subject to customary closing conditions and shareholder approval. Bluerock intends to file a Form S-4 registration statement containing a proxy statement/prospectus for proxy solicitation and securities issuance in connection with the transaction. The communication is not an offer or solicitation and states that no securities offering may occur without compliance with applicable registration, qualification or exemption requirements. Transaction projections and anticipated benefits are forward-looking statements subject to material risks and uncertainties.
    August 3, 2026
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    Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
    India-Uzbekistan cooperation is proposed through co-investment, co-manufacturing and co-innovation, supported by the Bilateral Investment Treaty to promote investor confidence and reciprocal investment. Priority sectors include mining, textiles, healthcare, agriculture, food processing, digital technologies and advanced manufacturing. Trade facilitation measures include reducing trade barriers, mutual recognition of standards, approvals, testing and certification, customs digitalisation and improved trade routes. Regulators and standard-setting bodies are expected to cooperate under a structured, time-bound economic partnership.
    August 3, 2026
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    Concessional agricultural credit supports working capital, crop diversification, allied activities, and digital expansion under the Kisan Credit Card scheme.
    The Kisan Credit Card-Modified Interest Subvention Scheme provides concessional institutional credit to reduce farmers' interest burdens and improve timely working-capital access. The scheme is reported to support cropping intensity, multi-season cultivation, diversified crop portfolios, timely input use, and credit discipline through the Prompt Repayment Incentive. It also supports dairy, livestock, and fisheries-based income diversification. Credit-delivery measures include collateral-free lending, digital platforms, simplified applications, coverage expansion, and awareness campaigns. State-wise data tracks operative accounts, outstanding credit, and non-performing Kisan Credit Card accounts.
    August 3, 2026
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    Banking inclusion expands rural access while digital credit systems and payment security controls address service delivery and cyber fraud.
    Banking inclusion is pursued by providing banking outlets within a five-kilometre radius of inhabited villages, with branch expansion permitted subject to rural-coverage requirements and continuing assessment of uncovered areas. Agricultural credit delivery uses digital loan, beneficiary-verification, processing and claim-settlement systems. Digital payment security measures require minimum controls for payment channels and include fraud-intelligence sharing, artificial-intelligence-based identification of money-mule activity, digital lending-app analysis, cyber-incident reporting, public awareness campaigns and electronic-banking training.
    August 3, 2026
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    Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
    Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.

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      Amazon's advocates fear Trump's return means little US help to protect rainforest

      January 28, 2025

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      Bogota (Colombia), Jan 28 (AP) Alexis Damancio Silva can't forget the hardship in his town of Puerto Narino in far southern Colombia last year when extreme drought nearly dried up the Amazon River. Pink dolphins and fish died. Crops dried up. The town lost its easy access to markets.

      Silva is hopeful the US would help fund projects that could make Indigenous communities like his more resilient - solar panels for energy to refrigerate fish, for example, or cisterns to catch precious rain water.

      “We ask the government of President Trump...to send us resources,” to help the region's Indigenous people, he said in a Zoom interview with The Associated Press. Little comes from the state, he said.

      Environmental groups say that's unlikely to happen, and that was even before Trump froze new funding for almost all US foreign assistance.

      They fear Donald Trump's second administration will bring nothing good for the Amazon rainforest. Besides Trump's Day 1 move to withdraw from the Paris climate agreement, they fear he'll cut US funding for policing that has targeted illegal logging, mining and other things that have damaged the rainforest. They also worry he will back right-wing politicians who favour aggressive development in the Amazon, which is critical for storing carbon dioxide that would otherwise warm the planet.

      “The implications of the Trump administration for the Amazon rainforest range from very concerning to horrifying,” said Andrew Miller, advocacy director of nonprofit Amazon Watch.

      Trump's first week back in office was loaded with executive orders that prioritised fossil fuels, including declaring an energy emergency in the US and his intent to sweep aside barriers to developing oil and gas. They've also been wrapped in an “America First” message that doesn't fit with expansive foreign aid.

      On Sunday, he swiftly faced down Colombia President Gustavo Petro on Sunday by threatening steep tariffs after Petro refused to allow military planes carrying deported migrants to land in Colombia. Trump's plans to play hardball in the region were evident weeks ago when he suggested he could use military force to take control of the Panama Canal.

      Miller said his organisation had advised its partners “to assume the Trump administration priorities will not include climate, environmental or Indigenous rights programmes.” In Trump's first term, US Agency for International Development's budget ranged from about $17 billion to $27 billion annually, with significant proposed cuts that were often moderated by Congress. Under President Joe Biden, USAID's budget rose to $30.5 billion in 2024, with a focus on global health, climate action, humanitarian aid, and promoting democracy. The new administration said the aid freeze would be in place for 90 days as it considers which programmes to keep.

      In Brazil, home to around 60% of the Amazon, organised crime like logging and drug trafficking thrived under the far-right presidency of Jair Bolsonaro, with severe environmental consequences. President Luiz Inácio Lula da Silva made the protection of the Amazon a central priority when he took office in 2023.

      Brazil's environment minister, Marina Silva, told the AP that Trump's return poses a significant test for US democracy and international institutions, and that as the world's second-largest emitter of greenhouse gases, it is “crucial” the US fulfil its responsibilities.

      She sees some hope, saying the world has much stronger climate governance nowadays in the face of the climate crisis.

      “This doesn't mean we'll have an easy time with Trump in office, quite the opposite,” Marina Silva said. “We just have to acknowledge that we´re already seeing some companies and leaders... abandoning or loosening commitments made previously.” Since Trump's election, several major US banks have withdrawn from a network aimed at lending practices that square with a global commitment to reduced emissions.

      Silva said it's important for countries to keep “reaffirming the size of the climate challenges” and showing how to overcome them. “Reality needs to take precedence over President Trump's well-known denialist rhetoric,” she said.

      The Trump administration did not respond to messages seeking comment.

      Support for pro-development politicians? Development in the Amazon is a polarising issue in Brazil. Lawmakers who support it focus on economic growth, job creation, and infrastructure. More liberal lawmakers, environmentalists and Indigenous rights groups oppose it over damage to the environment and impacts on people who live in the forest.

      Lula has had some success in clamping down on illegal logging, mining, drug trafficking, and conversion of land for agriculture. That came with support from Biden, who in November became the first US president to visit the Amazon and pledged $50 million to the Amazon Fund, which raises money to protect the Amazon rainforest. Much of that money went toward increased policing in the region.

      Carlos Nobre, a Brazilian climate scientist and leading researcher studying the Amazon rainforest, said he didn't see Trump continuing that commitment. He also said he is concerned about Trump's past support for Bolsonaro, and expected him to again boost right-wing politicians.

      Though Bolsonaro is prohibited from running for office until 2030, his son Eduardo is a potential presidential candidate next year and Brazil's National Congress has plenty of members who favour Amazonian development.

      Jair Bolsonaro, who has supported Trump's false claims of a stolen 2020 election, tried to attend his inauguration but wasn't allowed to leave Brazil to attend. Eduardo Bolsonaro did attend.

      Miller expected Trump to tilt toward “extreme right-wing candidates” who offer him praise, boosting them in elections.

      "Their policies, should they be elected, will spell disaster for the Amazon rainforest in the foreseeable future," Miller said. “Trump 2.0 will offer Amazonian governments a permission structure to ignore or walk back climate commitments, precisely at the moment when protection of the rainforest demands greater ambition and regional coordination.” Miller is most concerned about US support for multilateral human rights mechanisms like the Inter-American Commission on Human Rights and the United Nations Office of the High Commissioner for Human Rights.

      “Both are important for the protection of threatened Amazon community leaders and environmental defenders," he said.

      Funding cuts and multinational cooperation John Walsh, director for drug policy and the Andes at the Washington Office on Latin America, said funding cuts are his major concern after policy.

      “We can expect steep cuts if not entire elimination of US foreign aid that was directed towards climate mitigation and adaptation globally,” Walsh said. “That's matched by the incoming administration's focus on how to cut the federal budget in ways that will fall almost entirely on discretionary programmes that don't have solid constituencies domestically." Trump was generally sceptical of multinational cooperation in his first term, preferring a more unilateral approach to foreign policy with his administration often prioritising US interests over international agreements or collaborations.

      "For an issue like climate change, that is a collective action problem ... and for the world's largest economy and historically the largest emitter of carbon dioxide to absent itself from that ... is significant," Walsh said. (AP) SCY SCY

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