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    Current account deficit widens to USD 6.2 bn in Jun: RBI data
    Concessional swap facility attracts USD 56.85 bn forex inflows: RBI
    DFS Highlights Mechanism for Timely Redressal of Insurance Policyholders’ Grievances
    Forex kitty jumps USD 14.14 bn to USD 707 bn in one of the biggest weekly expansions
    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
    50 tonnes of copper without e-way bills seized by Delhi GST, Railways joint team
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    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
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    Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
    Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
    August 14, 2026
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    International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
    International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
    August 14, 2026
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    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
    August 14, 2026
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    International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
    IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
    August 14, 2026
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    Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
    Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    August 13, 2026
    Show AI Summary
    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
    August 13, 2026
    Show AI Summary
    GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
    GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
    August 13, 2026
    Show AI Summary
    Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
    Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
    August 13, 2026
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    Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
    Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
    August 13, 2026
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    Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
    India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
    August 13, 2026
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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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      Outpost 12 by Sinali Experiences: A forest-first, all-natural safari lodge at Kanha, India

      February 25, 2025

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      JABALPUR, India, Feb. 25, 2025 /PRNewswire/ -- The leisure tourism space is seeing a new breed of entrepreneurs who are boldly reimagining the hospitality model and formats. Creating experiences and brands that are rooted in the land's local culture and yet refreshingly inventive, they unlike their predecessors, are not afraid of breaking the template. In a manner of speaking off the beaten track.

      The story of Outpost 12, a beautiful and intimate safari bio-lodge by the side of the Banjar River in Kanha, India's most respected wildlife habitat is one such notable example.

      Madhya Pradesh has cemented its position as India's undisputed 'Tiger State'. Home to 785 tigers - the highest number in the country according to the 2022 census and the Kanha Reserve takes pride of place as one of India's first Tiger Reserves. With an estimated 43 species of mammals, 26 species of reptiles, 1000 species of flowers, 300 species of birds, lush Sal and Bamboo forests, it is home to more than 150 Royal Bengal Tigers and the endangered Barasingha (Swamp Deer). And Outpost 12 has many aces up its sleeve while presenting this fabled region to travellers and wildlife enthusiasts.

      Delightfully local and indigenous in flavour.

      Helmed by Durgesh Singh, an ace naturalist with decades spent interpreting wildlife, and his childhood buddy, Sunny Saxena who left a career in software engineering, Outpost 12 is as much a tale of adventure as it is about going back to one's roots. Together with their friend and fellow naturalist, Anand Sinha, the trio at Sinali Experiences have transformed a 10-acre riverside landscape into a beautiful, earth-friendly safari bio-lodge. Envisioned to be a natural extension of the wild and woody grasslands at the Tiger reserve of Kanha, it is probably what a seasoned naturalist would gladly call home.

      With an undulating landscape, stone-clad cottages surrounded by wilderness, a starbed with a bird's eye view of lush forests, a riverside location that allows for surreal experiences and spaces dedicated to interpreting everything local, be it food, wellness or adventure, Outpost 12 stays pleasantly away from the beaten track.

      Offbeat and intimate, this jungle bio-lodge pays an experiential tribute to the Barasingha, which is the official mascot of Kanha Reserve (being the original homeground for this 12-horned Deer species), the majestic Royal Bengal Tiger and the indigenous tribes of Madhya Pradesh, that includes the Baigas and Gonds. At heart, Outpost 12 stays earnest and authentically Kanha.

      Unpretentious and exhibiting an endearing quality, the bio-lodge has been designed and built responsibly. Light in footprint, with sensitively designed ranger-cottages, the bio-lodge is powered by solar energy, and lives a circular philosophy through rainwater harvesting, water recycling, use of natural materials including retrieved mine-cast stones and hyperlocal dining experiences many of which depend on foraging the wild.

      Conservationists to the core.

      Experiences are a strong suit for this Jungle Lodge. Having seasoned naturalists who have honed their skills in reputed jungle reserves across India and Africa, and an almost stubborn insistence of being "un-hotel" helps with conceptualising experiences that are inventive, engaging and come across like a breath of fresh air. Not that you might feel a lack of it when surrounded by the Sal forests all around. The curated experiences at Outpost 12 are guided by two things. They uniquely interpret the hyper local character of Kanha and create an all-natural canvas. The Outpost 12 founders worked with experience designers, cultural conservationists, locavore chefs, and local talents to create a kind of frontier experience that explores the edges of what can be in Kanha.

      From the rustic interiors, handcrafted accessories, and materials chosen to the artworks that paint the indigenous life of Kanha, this bio-lodge moors you to the place.

      In the words of Durgesh Singh, one of the co-founders, "Outpost 12 is inspired by the animist way of life amongst the original tribes of the region. It pays homage to the conservationist heroes of India, by staying wild at heart and curating experiences that are hyper-locally Kanha." Guests and experience seekers will love the special Maikal Thali (a culinary tapestry of Kanha's tribal communities), Meat Lapeta, Mahua & Black Rice Cake, Kutki Millet Kheer and even bush meals that give you both - wild flavours and adventure. The fresh meat & seasonal vegetables are sourced from micro-farms around the jungle, while cocktails and home-made ferments stay uniquely inspired by the forest and its flora (a surprise in store would be the Outpost 12's series of cocktails with jungle produce including Mahua). The breakfast menu includes home-styled classics of the region. In summary it's a mouthful.

      Tigers, Bhoorsingh and other adventures await.

      When you do step out and explore, you get to venture out on curated treks named after conservationists, get to do skywatching, trawl the jungles in the custom-made 4x4 safari vehicle, go on park drives, see a demonstration of the preserved crafts of the region, meet the tribes in their hamlets, experience a wild soak in the spa and in general come away feeling otherworldly. This is what an outlander experience ought to be. Off the grid as it can be. Not that the bio-lodge lacks creature comforts like broadband and in-bed dining. The unobtrusive and yet attentive service of the safari-butlers and the insightful presence of naturalists makes this as much a lesson in a safari experience as it is in getting to know the hospitality of Kanha's wilderness.

      Having been in the works for the last 2 years, this beautiful bio-lodge now is ready to take in bookings and guests, who would want to experience the real thing in mighty Kanha, starting January. The resort offers special packages for groups and families.

      If this season, you seek to lock eyes with the Royal Bengal Tiger or Bhoorsingh, go on educative bird-treks, forage for wild mushrooms, or wind down with a starlit night-drive, book one of the introductory holiday packages. Outpost 12 offers easy access to travellers through a choice of airports i.e. Nagpur, Jabalpur and Raipur.

      For Bookings please call +91 92022 49129, write in to [email protected] or visit www.outpost12.in For Media Enquiries please contact Mr. Durgesh Singh at [email protected] or +91 7008907026.

      Video - https://www.youtube.com/watch?v=Y4wy9bkXXQg Photo - Embedded Media Photo - Embedded Media Photo - Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR PWR

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