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    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
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    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
    India's Market Opportunity is Growing, and the Trade is Taking Notice
    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
    Currently nine trade disputes pending against India under WTO rules: Govt
    MNLU Mumbai Launches MBA in Entrepreneurship & Digital Business Law
    AU Small Finance Bank Savings Accounts: Competitive Interest Rates, Zero-Balance Digital Account Opening and 24x7 Mobile Banking
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    Govt hikes windfall gains tax on petrol, diesel, ATF exports
    No guidelines to regulate online astrology platforms: Consumer affairs department to CIC
    Yellow.ai, a Global Leader in Enterprise Agentic AI, to Go Public via $550 Million Merger with Bluerock Acquisition Corp.
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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.
    August 4, 2026
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    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.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    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.
    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.
    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.
    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.
    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
    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.
    August 4, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 3, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Iran praises US for cutting foreign aid funding as it looks for Trump message on nuclear talks

      February 5, 2025

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      Tehran, Feb 5 (AP) Iran's government seems to be welcoming some recent decisions by the United States — even though they happen to come from a man Iranian operatives have allegedly been plotting to assassinate.

      President Donald Trump's moves to freeze spending on foreign aid and overhaul, maybe even end, the US Agency for International Development have been lauded in Iranian state media.

      The reports say the decisions will halt funding for opponents of the country's Shiite theocracy — pro-democracy activists and others supported through programs as part of US government's efforts to help democracy worldwide.

      At the same time, Iranian officials appear to be signalling that they are waiting for a message from Trump on whether he wants to negotiate over Tehran's rapidly advancing nuclear program. At stake are potentially billions of dollars withheld from Iran through crushing sanctions and the future of a program on the precipice of enriching weapons-grade uranium.

      And even when signing an executive order to reimpose his “maximum pressure on Iran” on Tuesday, Trump suggested he wanted to deal with Tehran.

      Meanwhile, ordinary Iranians worry what all this could mean for them.

      “It encourages hard-liners inside Iran to continue repressions because they feel the US would have less capability in supporting Iranian people who seek freedom,” said Maryam Faraji, a 27-year-old waitress in a coffee shop in northern Tehran.

      Iranian media say Trump's cuts could stop the opposition in Iran The state-run IRNA news agency said that “cutting the budget of foreign-based opposition” could “affect the sphere of relations” between Tehran and Washington.

      Newspapers, like the conservative Hamshhari daily, described Iran's opposition as “counterrevolutionaries” who had been “celebrating" Trump's election as heralding the "last days of life of the Islamic Republic.” They then "suddenly faced the surprise of cut funding from their employer,” the newspaper crowed.

      Even the reformist newspaper Hammihan compared it to a “cold shower” for opponents of Iran's theocracy abroad, an idea also expressed by the Foreign Ministry.

      “Those financial resources are not charity donations," Esmail Bagahei, Iran's Foreign Ministry spokesman, said during a briefing with reporters on Monday. “They are wages paid in exchange for services." "This is a clear sign of America's interventionist policy particularly during the Biden administration, which tried to pressure Iran and meddle in its domestic affairs through financial aid,” Bagahei added.

      It remains unclear how funding for Iranian activists and opposition figures would be affected by the USAID decision.

      The lion's share of money for civil society in Iran has come through the U.S. State Department's Near East Regional Democracy fund, known by the acronym NERD, which grew as an American response to the Green Movement protests in 2009.

      In 2024, the Biden administration requested $65 million for NERD after over $600 million had been appropriated by Congress for the fund, according to the Congressional Research Service. That money and other funding had gone in the past toward training journalists and activists on how to report on human rights abuses, funding access to the internet amid government shutdowns and other issues.

      The State Department did not respond to a request for comment over the NERD funding and its future. American officials for years have kept the awardees of NERD grants secret due to what they describe as the risk activists face from Iran, particularly after Iranian intelligence officers have allegedly targeted in kidnapping or assassination plots, US prosecutors say.

      Iran repeatedly hints it's ready to talk to Trump Iran also noticed that the US avoided direct criticism of the Islamic Republic during a review by the United Nations Human Rights Council meeting in Geneva last week. For those in Iran's government, there's anticipation this could mean that Trump is willing to negotiate, something he repeatedly brought up in his election campaign as a possibility.

      Even Iran's Supreme Leader Ayatollah Ali Khamenei, who has final say on all state matters, in a speech in September opened the door to talks with the US, saying there is “no harm” in engaging with the “enemy.” More recently, he tempered that, warning that sinister plots could still be “concealed behind diplomatic smiles.” “We must be careful about who we are dealing with, who we are negotiating with, and who we are speaking to," Khamenei said last week.

      While Bagahei, the Foreign Ministry spokesman, acknowledged Iran hasn't seen any “green light” yet for talks, Iran is trying to do everything it can to signal it wants them.

      The country's reformist President Masoud Pezeshkian, who campaigned on outreach to the West, urged officials on Monday to listen to dissent from the Iranian people and avoid further crackdowns like those that followed the 2022 death of Mahsa Amini.

      “The enemies are hoping that by stirring up disputes within the country, they will throw people into the streets and then ride the wave of protests themselves," Pezeshkian said.

      As he signed the executive order on Iran on Tuesday, Trump warned the country would be “obliterated” if he was assassinated by Tehran. But he still left the door open for talks.

      “I'm going to sign it, but hopefully we're not going to have to use it very much,” he said from the Oval Office. “We will see whether or not we can arrange or work out a deal with Iran.” “We don't want to be tough on Iran. We don't want to be tough on anybody," Trump added. "But they just can't have a nuclear bomb.” However, factions within Iran's theocracy are still likely to oppose talks, whether out of their own self interest or over anger that Trump ordered the 2020 drone strike that killed Gen. Qassem Soleimani, the country's top general and a revered figure.

      That killing fueled Iranian calls for Trump's assassination — and alleged plots against him. In November, the Justice Department disclosed an Iranian murder-for-hire plot to kill Trump. While Iran denied being involved, Tehran has a history of plotting the killing of opponents abroad.

      "This will not have any impact on the factions that oppose talks with the U.S. but maybe some moderates find it as an excuse to say that Trump is taking some steps,” Iranian political analyst Ahmad Zeiabadi said.

      For now though, much of this can seem as conjecture and theorising to many of Iran's over 80 million people who continue to struggle in the grips of the country's ailing economy.

      Tehran taxi driver Gholanhossein Akbari, 27, insisted Iranians like him never benefitted from US support of Iran's pro-democracy activists abroad.

      "We did not see any result from the funds the US paid to foreign-based Iranian activists who only make comments in the media,” Akbari said. (AP) AMS

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