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    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
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    Rupee opens on flat note, rises 3 paise to 95.34 against US dollar in early trade
    Meeting of Heads of National Statistical Offices of BRICS Countries “Quality Statistics as Driver of Change”
    Modernization of National Sample Surveys through adoption of digital platforms such as Computer Assisted Personal Interview (CAPI) integrated with e- ...
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    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.
    Shri Piyush Goyal Invites Indian and Uzbek Businesses to Co-invest and Co-manufacture; Calls for Doubling Bilateral Trade at India-Uzbekistan Business...
    Every ₹1 invested under Kisan Credit Card– Modified Interest Subvention Scheme (KCC-MISS) contributes ₹2.30 to net value addition in the...
    India achieves near-universal banking coverage, with 99.92% of inhabited villages now served by a banking outlet
    Rupee rises for 6th day, gains 12 paise to 95.31 against US dollar as crude drops
    ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY
    Rajya Sabha passes bill to tackle payment delays faced by MSMEs amid Opposition protests
    MPC's 3-day meeting begins amid expectations of status quo on interest rates
    Trane Technologies Reports Strong Second Quarter Results; Raises Full-Year Revenue and EPS Guidance
    CBN dismantles inter-state counterfeit drug network in Bihar under Operation Vajra; mastermind arrested
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    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
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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
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    Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
    The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
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    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
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    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.
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    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.
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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.
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    Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
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    Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
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    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.

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      EU leaders to hold emergency Ukraine talks, seeking to adapt to new security demands without the US

      March 6, 2025

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      Brussels, Mar 6 (AP) European Union leaders plan to hold emergency talks on Thursday to agree ways to quickly increase their military budgets after the Trump administration signalled that Europe must take care of its own security and also suspended assistance to Ukraine.

      In just over a month, President Donald Trump has overturned old certainties about US reliability as a security partner, as he embraces Russia and withdraws American support for Ukraine.

      On Monday, Trump ordered a pause to US military supplies to Ukraine as he sought to press President Volodymyr Zelenskyy to engage in negotiations to end the war with Russia, bringing fresh urgency to the EU summit in Brussels.

      “Europe faces a clear and present danger on a scale that none of us have seen in our adult lifetime. Some of our fundamental assumptions are being undermined to their very core," European Commission President Ursula von der Leyen warned in a letter to the EU's 27 leaders, who will consider ways to access more money for defence spending and ease restrictions on it.

      But perhaps the biggest challenge for the EU on Thursday will be to take a united stance at a moment when it's fractured, since much of what the bloc does requires unanimous support.

      Focus is Europe's security Whatever happens, the meeting is not expected to address Ukraine's most pressing needs. It is not aimed at urgently drumming up more arms and ammunition to fill any supply vacuum created by the US freeze. Nor will it unblock the estimated 183 billion euros ($196 billion) in frozen Russian assets held in a Belgian clearing house, a pot of ready cash that could be seized.

      Ukraine's armed forces, meanwhile, are still battling to slow Russia's advances along the 1,000-kilometre (600-mile) front line, especially in the eastern Donetsk region. Tens of thousands of soldiers and more than 12,000 Ukrainian civilians have been killed.

      The focus of Thursday's summit will be finances, and how to set the EU up as quickly as possible to provide for its own security, and help Ukraine, while breaking with decades of dependence on the US defence umbrella.

      “In view of the increasing threat situation, it is clear to us that Europe … must now very quickly make very big efforts, very quickly, to strengthen the defence capability of our country and the European continent,” Germany's likely next chancellor, Friedrich Merz, said Tuesday.

      The prospective partners in Germany's next government are seeking to loosen the nation's rules on running up debt to allow for higher defence spending.

      A call for Europe to increase its defence spending NATO Secretary-General Mark Rutte — who fears that Russia's armed forces might be capable of launching an attack on another European country by the end of the decade — has warned that US allies will have to spend more than 3% of gross domestic product on their military budgets.

      The Trump administration is demanding that the Europeans spend as much as 5%, well beyond the NATO benchmark of at least 2%. Seven European allies still fall short of even that target. The US spends around 3.4%, according to NATO figures, and a Pentagon audit that could reduce that is pending.

      Von der Leyen has proposed that the EU's executive branch, the European Commission, raise up to 150 billion euros ($161 billion) on financial markets that would be loaned to member countries buy new military equipment for themselves, or to send to Ukraine.

      The commission would also aim to free up funds from other sectors of the bloc's massive long-term budget and to relax its stringent debt rules so that each country could invest up to 1.5% more of their GDP on defence, should they want to.

      The leaders will also discuss whether to place more arms contracts with Ukraine's defence industry, and to help integrate it into the European industrial network. Production costs in Ukraine are much lower, providing a relatively fast way to supply more arms and ammunition.

      It's an approach that Zelenskyy has praised.

      “Last year alone, thanks to Ukrainian and partner efforts, we produced over 1.5 million drones of various types. Ukraine is now the world leader in drone warfare. This is our success. But it's also your success,” he said earlier this month at the Munich Security Conference.

      Possible EU support for a future force to police any peace agreement in Ukraine will also be weighed. Britain and France are leading that effort, which could involve several other European countries.

      EU faces major challenges The summit comes as the EU is arguably at its weakest point, fragmented by the steady rise of a hard right that is often pro-Russian.

      Hungary and Slovakia have routinely undermined support for Ukraine. Hungary is threatening to veto a joint statement drafted for Thursday's summit but would not be able to block any major security or financing decisions.

      Meanwhile, many larger countries face uncertainties at home. Germany will soon have a new chancellor, but France's latest government is fragile, and Spain relies on small parties to keep its coalition intact.

      Poland offers strong leadership under Prime Minister Donald Tusk, however a presidential election looms and a right-wing candidate is well placed. The Dutch cabinet dominated by hard-right leader Geert Wilders is shaky. (AP) SKY SKY

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