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    GeM Launches 10-Day Celebrations Ahead of 10th Foundation Day, Unveils Commemorative Logo
    All Indian exports of dual-use items comply with international obligations: MEA
    PM Modi to inaugurate Bhogapuram Airport in Andhra on Aug 1
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    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
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    August 1, 2026
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    Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
    Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
    July 31, 2026
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    Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
    Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
    July 31, 2026
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    Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure.
    A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
    July 31, 2026
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    Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny.
    The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
    July 31, 2026
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    Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
    Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
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    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
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    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.

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      Dr. Brahmasri Madugula Nagaphani Sarma Honored with Padma Shri for His Contributions to Sanskrit and Telugu Literature

      February 11, 2025

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      In a moment of immense pride for the literary, spiritual, and cultural community, Guruji Dr. Brahmasri Madugula Nagaphani Sarma, the esteemed Peethadhipathi of Avadhana Saraswathi Peetham, has been conferred with the prestigious Padma Shri award. This honor recognizes his extraordinary contributions to Sanskrit and Telugu literature, particularly in reviving, revolutionizing, and propagating the rare and ancient Indian literary art of Avadhanam. His unparalleled dedication and intellectual prowess have cemented his legacy as one of India’s greatest literary and spiritual minds.

      The Revival of a Lost Art: Avadhanam Avadhanam is an intricate and rare literary art that dates back thousands of years in India’s rich cultural history. It is an art form that requires an Avadhani to engage in simultaneous poetic composition while responding to queries posed by multiple scholars. The Avadhani must not only compose metrical poetry instantaneously but also memorize and reproduce it without the aid of any written reference. This challenging intellectual exercise demands extraordinary memory, deep knowledge of Vedic philosophy, Puranas, Itihasas, and an innate command over Sanskrit and Telugu literature.

      Dr. Nagaphani Sarma has single-handedly brought Avadhanam back into the cultural and literary spotlight, inspiring younger generations to take up this intellectually demanding discipline. By performing Avadhanams across the globe and encouraging students and scholars alike to engage with this art form, he has ensured its survival and resurgence in contemporary society.

      A Prodigy and a Living Legend Dr. Nagaphani Sarma’s journey in Avadhanam began at an incredibly young age. At just 14 years old, he performed his first Avadhanam, earning the distinction of being the youngest Avadhani in the country. His prodigious talent set him on a path of excellence, and over the course of his illustrious 52-year career, he has performed over 2,000 Avadhanams across India and beyond. His ability to effortlessly compose and recall complex metrical compositions has left audiences spellbound, earning him a reputation as a master of memory and literature.

      His groundbreaking achievements include being the first and only Avadhani to successfully perform Maha Sahasravadhanam with 1,116 scholars and later Dwi Sahasravadhanam with 2,116 scholars in both Sanskrit and Telugu. These extraordinary feats have elevated Avadhanam from an esoteric scholarly exercise to a widely appreciated and celebrated literary tradition, making it accessible to the general public.

      The Establishment of Avadhana Saraswathi Peetham Recognizing the need to create a dedicated institution to preserve and propagate the art of Avadhanam, Dr. Nagaphani Sarma established Avadhana Saraswathi Peetham three decades ago. This ashram, located in a serene and spiritually vibrant setting, serves as an abode of Goddess Saraswathi, the deity of wisdom and learning. It also houses a Goshala with over 100 desi cows, emphasizing the importance of cow protection and sustainability in Indian culture.

      The Peetham is not merely a religious or literary institution but a hub of education, culture, spirituality, and social service. Through its various programs, it has uplifted thousands of students, scholars, and the general public by providing them with access to knowledge, wisdom, and cultural heritage. The institution conducts regular educational workshops, literary symposiums, cultural performances, and spiritual discourses, ensuring that the rich traditions of Indian literature and spirituality are passed down to future generations.

      Vishwabharatam: A Magnum Opus in Sanskrit Dr. Nagaphani Sarma’s literary genius is not limited to Avadhanam alone. Inspired by the historic abrogation of Article 370 in Jammu & Kashmir by Hon’ble Prime Minister Shri Narendra Modi, he composed Vishwabharatam, a monumental Sanskrit Mahakavyam comprising over 2,650 shlokas. This epic poem beautifully narrates the grandeur of India’s culture, spirituality, and national identity, portraying the country’s rich traditions, diverse landscapes, great saints, social reformers, and various art forms.

      The central theme of Vishwabharatam is Shanta Rasa (serenity), with a core objective of universal peace, restoration of Akhand Bharat, and the vision of India as Vishwa Guru (world leader in knowledge and wisdom). This magnum opus was inaugurated by Shri Mohan Bhagwat, underscoring its national and spiritual significance. The work stands as a testament to Dr. Nagaphani Sarma’s vision of India’s cultural resurgence and his unwavering commitment to national integration and peace.

      A Prolific Literary and Musical Contributor Dr. Nagaphani Sarma’s contributions to literature and music are vast and unparalleled. Over the years, he has authored more than 40 books and 33,000 poems across various literary genres, including epics, devotional poetry, and philosophical treatises. His melodious voice has brought life to over 3,000 songs and stotrams, enchanting audiences with their divine resonance.

      Additionally, he has delivered over 11,000 hours of discourses on Sanatana Dharma, Sanskrit, and Telugu literature, promoting the ideals of Vedanta, Bhakti, and nationalistic thought. His speeches and writings continue to inspire millions, reinforcing the timeless wisdom of India’s spiritual and literary traditions.

      Recognition from Eminent Leaders and Scholars Dr. Nagaphani Sarma’s remarkable talent has been acknowledged and appreciated by some of India’s greatest leaders and intellectuals. Former Prime Ministers Shri Atal Bihari Vajpayee and Shri P.V. Narasimha Rao, Shri N. Chandrababu Naidu, Shri N.T. Rama Rao, Shri Mohan Bhagwat, and former Presidents Shri Shankar Dayal Sharma and Shri K.R. Narayanan have all been mesmerized by his melodious poetry and extraordinary memory skills. His ability to captivate audiences with his words, both written and spoken, has made him a national treasure.

      Service to Society and Administrative Roles Beyond his literary and musical endeavors, Dr. Nagaphani Sarma has played an active role in public service and administration. He has served as the Additional Secretary of the Dharma Prachara Parishad at Tirumala Tirupati Devasthanam and held the prestigious position of Chairman (Cabinet Rank) of the Official Language Commission, Government of Andhra Pradesh (undivided).

      His work in these roles has been instrumental in promoting Indian culture, Sanskrit education, and national integration. Through various initiatives, he has facilitated the revival of traditional Indian knowledge systems and has been a guiding force for numerous scholars and institutions dedicated to the cause of Dharma.

      A Fitting Honor: Padma Shri Award The Padma Shri award conferred upon Guruji Dr. Brahmasri Madugula Nagaphani Sarma is a well-deserved recognition of his lifelong dedication to preserving India’s ancient literary traditions, spiritual wisdom, and cultural heritage. His relentless efforts in the fields of literature, education, and spirituality have left an indelible mark on the intellectual and cultural landscape of India.

      As he continues his mission of spreading the wisdom of Avadhanam, Vedic knowledge, and Indian literature, Dr. Nagaphani Sarma remains a guiding light for scholars, artists, and spiritual seekers worldwide. His contributions are not just an inspiration for today’s generation but a legacy that will shine brightly for centuries to come.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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