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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
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    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
    Show AI Summary
    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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
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    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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      BJP returns to power in Delhi after 26 years, sweeps away AAP; Historic, says PM Modi

      February 8, 2025

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      New Delhi, Feb 8 (PTI) The BJP on Saturday returned to power in Delhi after more than 26 years to sweep away the Arvind Kejriwal-led Aam Aadmi Party with a two-thirds majority on the back of a hyper localised campaign and Prime Minister Narendra Modi's 'AAP-da'(disaster) blitzkrieg.

      Adding to the ignominy of the AAP that was battling 10 years of anti-incumbency was the shocking defeat of former chief minister Arvind Kejriwal himself and other top leaders including his close aide and former deputy chief minister Manish Sisodia, Somnath Bharti and Saurabh Bhardwaj. Chief Minister Atishi, an academic and unlikely politician, weathered the storm to retain Kalkaji seat.

      The BJP won 48 of the 70 seats at stake and the AAP was way behind with 22, according to the Election Commission website. The elections were largely seen as a bipolar contest between the AAP, which made a determined bid for a fourth term, and the BJP. While the AAP had 62 members in the outgoing house, the saffron party had just eight legislators.

      The Congress, which had ruled for 15 consecutive years under Sheila Dikshit from 1998, came a cropper in the Assembly elections failing to get even a single seat for the third straight time. Its candidates suffered crushing defeats with a majority of them even losing their deposits With Delhi now in its kitty after a battle of prestige given its symbolic importance as the country's capital, the BJP has extended its footprint, the victories helping it put behind some of the reverses of the 2024 Lok Sabha elections where it bagged 240 seats, short of the 272 majority mark.

      Hailing the BJP's victory as "historic", Prime Minister Modi said people of Delhi have shown the door to 'AAP-da' and now a 'double-engine' government will ensure development at a double speed.

      Modi, whose popularity among voters has been reinforced after the Delhi win, said Delhiites are celebrating BJP's victory and respite from 'AAP-da', the Hindi term meaning disaster that he used throughout the campaign to criticise the AAP's 10-year rule.

      "People of Delhi today have enthusiasm and satisfaction. There is relief of liberating Delhi from 'AAP-da'. I thank all Delhiites for entrusting their faith in 'Modi ki guarantee'," Modi said in his address from BJP headquarters in the evening.

      He launched a stinging attack on the AAP and the Congress, saying the country needs a serious political transformation and not politics of "dhoort-ta (deceit) and moorkhta (foolishness)".

      He said people of Delhi have short-circuited the politics of short-cuts and asserted that the mandate has made it clear that there's no space for corruption and lies in politics.

      Earlier in the day, Modi said that development and good governance have won.

      “Development, good governance have won; we will leave no stone unturned for Delhi's all-round development,” Modi said on the splendid showing by the BJP that came just months after the saffron party's wins in Haryana as well as Maharashtra where it is part of the Mahayuti alliance.

      Coming days after the Union budget which gave crucial tax concessions to the middle class, the BJP’s winning Lok Sabha streak in Delhi continues after it won all seven seats last year. But the premise this time was different.

      Ground level issues such as water, drainage and garbage went up against volatile campaigns by both parties with voters grimly evaluating their quality of life in a polluted city.

      The BJP also pushed ahead and made ‘sheesh mahal’ an oft recalled buzzword for the lavish chief minister’s residence following the renovations by Kejriwal and allegations of corruption in the Delhi excise policy. It clearly hit home.

      While Modi and other party leaders repeated the need for a 'double engine' government, freebies offered by the AAP were countered by "Modi's guarantee," which appeared to find favour with voters.

      The people of Delhi have dismantled the 'sheesh mahal' of lies, deceit and corruption and made the city "AAP-da free", said Union Home Minister Amit Shah.

      The AAP, which saw its leaders Kejriwal and Sisodia jailed in the excise policy case, countered the BJP campaign with vigour to say Yamuna waters were poisoned and that it was just not being allowed to govern because every move was being stymied by the lieutenant governor. It didn’t find the resonance it had hoped for.

      “We fought a good election… We will play role of constructive opposition but will also be available to people of Delhi,” Kejriwal said as he conceded defeat in an election he had hoped would propel him as a national leader.

      For the AAP national convenor, the face of the party launched on an anti-corruption plank in 2012, it was a tantalising seesaw ending in despair. He lost by 4,089 votes to BJP’s Parvesh Sahib Singh Verma, son of former Delhi chief minister Sahib Singh Verma.

      “Who will be chief minister will be decided by the central leadership,” said Verma, dubbed giant killer for defeating Kejriwal in New Delhi constituency.The BJP had not projected a CM face in the poll campaign.

      As one more line was added to the Congress’ epitaph, the AAP struggled with its own existential crisis. A loss in Delhi, which it ruled for 10 successive years from 2015, signals an end to its national ambitions with now only Punjab in its pocket.

      Chief Minister Atishi, who took over after Kejriwal stepped down last year when he was jailed, won by 3,521 votes against BJP’s Ramesh Bidhuri.

      “I have won my seat but this is not a time for celebration -- this is the time to fight. The battle against BJP's authoritarianism will continue,” she said.

      It was a dramatic downslide for the AAP, which won 67 of the 70 seats in 2015 when it established its dominance by wiping out both the Congress and the BJP and 62 in 2020. The promise of mohalla clinics, model schools, free water and electricity seemed to have lost their sheen.

      At BJP offices, there were drumbeats of victory and euphoria, party workers waving flags, holding lotus cutouts, dancing and smearing colours of celebration on each other. And Modi was the mantra.

      The Congress headquarters wore a desolate look and workers at the AAP office shell-shocked, their leaders huddled in conference as they pondered the future.

      The BJP ruled Delhi between 1993 and 1998 when the party had three chief ministers--Madan Lal Khurana, Sahib Singh Verma and Sushma Swaraj.

      The BJP's vote share has steadily grown from over 32 per cent in 2015 to 38.5 per cent in 2020 against the AAP's over 54 per cent and 53.5 per cent respectively. This time the BJP's share jumped to 45.56 per cent, while the AAP's fell to 43.57 per cent.

      And as political analysts debated the future of the opposition INDIA bloc and the benefits of joining hands to combat a resurgent BJP, National Conference leader Omar Abdullah, an ally of the alliance, said in a caustic post on X, "Aur lado aapas mein!!! (Keep on fighting each other)." In the run up to the Delhi elections, the Rashtriya Swayamsevak Sangh (RSS) went all out to persuade voters elect an “effective and accountable” government for the progress of the national capital, contributing to the BJP’s thumping victory.

      RSS volunteers carried out a silent voter awareness campaign and held “thousands of drawing room meetings” across Delhi to discuss “pressing” public issues like lack of required cleanliness, potable water supply, inadequate healthcare services, air pollution and cleaning of Yamuna river, according to sources.

      Union ministers, chief ministers of BJP-ruled states, and NDA partners showered praise on Modi's leadership and Home Minister Shah's strategies for BJP's victory.

      "BJP's landslide victory in Delhi is a victory of faith in the leadership of Prime Minister Narendra Modi and the policies of the BJP," Defence Minister Rajnath Singh said.

      The AAP came to power in Delhi for the first time in 2013 on the back of the promise to sweep away corruption. But its minority government propped up by Congress lasted only 49 days after Kejriwal resigned following which Delhi came under a spell of President's rule. PTI BUN NSM MHS VIT PK SKC KR BJ ASK SKU MIN GSN GSN GSN

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