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    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
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    August 6, 2026
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
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    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
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    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
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    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
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    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.

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      HT Media & NewsReach Present: Crafting Bharat Awards 2025 – Honoring Visionaries Shaping India’s Future

      March 6, 2025

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      India has become the world’s third-largest startup ecosystem, with over 1.6 lakh DPIIT-registered startups driving innovation, creating jobs, and transforming industries. These startups are not just businesses—they're shaping the country’s future by solving real-world problems and supporting initiatives like Atmanirbhar Bharat and Make in India. Sectors like fintech, health tech, deep tech, and sustainability are seeing breakthroughs, making India a key player in the global startup space.

      HT Media Crafting Bharat Awards 2025: Recognizing Real Impact The HT Media Crafting Bharat Awards 2025, an initiative by NewsReach (Vyomeen Media Pvt Ltd) and curated by Fever Network, was all about celebrating people and organizations driving change. What started as the Crafting Bharat Podcast, a platform to share startup journeys, has grown into a space that not only tells these stories but also acknowledges the work behind them.

      Held on 21st February 2025 at the ITC Grand Central, Mumbai, the event brought together entrepreneurs, innovators, and industry leaders for a night of recognition, meaningful conversations, and insights. It wasn’t just another startup awards event—it went beyond traditional categories to celebrate those shaping Bharat in different ways. From founders and technocrats to artists, scientists, and social impact leaders, the awards highlighted individuals making a real difference in India’s growth story. With leaders from diverse sectors in the room, the event became more than just a ceremony—it reflected how far India’s startup ecosystem has come and where it’s headed next.

      A big shoutout to our gifting partners for adding thoughtful touches to the event. Sylvi, founded by Krushna Ghevariya and Ishan Kukadia, gifted watches combining style and functionality. Magical Blends, led by Uttara, treated awardees to premium skincare kits, making the experience even more special.

      The awards were presented in three categories: • 30 Under 30 – Recognizing young trailblazers • 40 Under 40 – Honoring mid-career achievers • Bharat Innovators – Celebrating change-makers across industries It was a night of stories, connections, and acknowledging those who are shaping the future of Bharat.

      Here’s a glimpse into the Changemakers who made it to the winners’ list Sangram Singh – A Champion of Strength, Resilience, and Inspiration A celebrated professional wrestler, motivational speaker, and youth icon, Sangram Singh was honored by Bharat Innovators for his extraordinary journey of perseverance and determination. Overcoming immense challenges, he has not only excelled in wrestling but also inspired millions with his motivational talks and philanthropic efforts. His story is a testament to the power of resilience, making him a true role model for the youth of Bharat.

      Dia Mirza – Social Impact Leader - Leading with Purpose, Beyond the Spotlight’ award A celebrated actress, producer, and UN Environment Goodwill Ambassador, Dia Mirza was honored under the Bharat Innovators category for her relentless advocacy for sustainability, wildlife conservation, and climate action. While she is celebrated for her versatility in Indian cinema, her contributions go far beyond the screen.

      A strong advocate for sustainability, environmental conservation, and social causes, Dia has consistently used her platform to drive awareness and action. Whether championing climate initiatives or supporting underprivileged communities, she has shown what it means to lead with purpose.

      Avinash Tiwary – A Changemaker in Cinema who is redefining storytelling through his performances.

      A powerhouse of talent and versatility, Avinash Tiwary was recognized under Bharat Innovators for his transformative impact on Indian cinema. From playing a passionate lover in Laila Majnu to an enigmatic charmer in Bulbul, Avinash has consistently impressed audiences with his versatility. His dedication to meaningful cinema has not only elevated the industry but also inspired emerging talent. With each project, he continues to challenge norms, reshape narratives, and contribute to the evolution of Bollywood storytelling. As he takes on new roles and explores fresh narratives, Avinash Tiwary remains a true innovator in Indian cinema.

      Swastika Mukherjee – Breaking Barriers in Entertainment An acclaimed actress known for her fearless and unconventional roles, Swastika Mukherjee was honored under Bharat Innovators for challenging norms and bringing powerful, nuanced performances to Indian cinema. She took center stage—not just as a celebrated actress but as a true trailblazer in Indian and Bengali cinema. Known for her bold and powerful performances, she has captivated audiences with her talent and authenticity, redefining storytelling with every role she takes on.

      Beyond cinema, Swastika has been a passionate advocate for animal rights, using her platform to raise awareness and give a voice to the voiceless. Whether through her artistry or activism, she continues to stand for what truly matters, proving that being a star is not just about being in the spotlight—it’s about using that platform for meaningful change.

      The Crafting Bharat Awards celebrated trailblazing innovators and leaders reshaping industries with groundbreaking contributions. Among them, Shalil Gupta of Ozonetel redefined customer experiences, while Sitla Thakur of FundBezzie set new benchmarks in digital investment platforms. Harddik K Patel of Quali5Care revolutionized healthcare, and Viswaprasad S Nair of Bindwel spearheaded technological transformation.

      Social impact was at the heart of the awards, with Arhan Bagati of KYARI leading change, Dr. Meenakshi Shanbhag of Makoons championing early childhood development, and Sanjay Khimesera (President Asifa India) advocating for media excellence. The event also highlighted startup ecosystem builders like Sravanth Gajula & Sandeep Bommireddi of AdOnMo and Shikhar Neogi of Neoble Corp.

      Tech and digital innovation were celebrated with Praanesh Bhuvaneswar of Qoruz excelling in influencer marketing, Sidharth Ghosh of ITW Playworx redefining entertainment tech, and Dhaval Patel of S.D. HUB shaping e-commerce and fintech. Anuj Tiwari, founder of Innovit Technologies, pushed AI advancements, while Samkit Shah of Jitendra EV pioneered electric mobility solutions.

      In the business and media landscape, Shrikant Pandey of Indiamanthan Publications reinforced business journalism, and Bhumish Sheth of Zimble Marketing elevated digital marketing standards. Jithin Sethumadhavan of Qoruz was recognized for agency leadership, and Deepanshu Shukla and Sujith Gopinath advanced tech and healthcare communications.

      Industry transformation was a key theme, with Unni Bhaskar revolutionizing airport infrastructure, Premjith Edassery of Bloom Hotel leading tech-driven hospitality, and Vinitt Dessai innovating hair systems. Dr. Chinuu Kwatra was honored for his environmental sustainability efforts, and Suyash Singh of GalaxEye for deep-tech advancements.

      The awards also recognized financial and compliance excellence, with Mohit Agarwal of Wockhardt leading pharma innovation, Suraj Nangia excelling in tax and audit solutions, and Dr. Nishant S. Mehta shaping fintech auditing. Jitendra Somani of Pocket HRMS and Mayuresh Darne contributed to fintech and startup ecosystems, respectively.

      Leaders in entertainment and creative industries, such as SIMA RAAJ of Golden Hue Productions and Shripal of Enjoy, were celebrated for their artistic contributions. Meanwhile, Nazneen of Aminsofttech led the future of tech solutions, and Aalok Kumar of NEC India was recognized for empowering citizens.

      From engineering innovations by Viraj of Unitech Power Solutions to fintech excellence by Vishesh Rajaram of Speciale Invest, these visionaries continue to drive Bharat forward. Their dedication and achievements illuminate the path toward a more innovative, sustainable, and inclusive future.

      The Crafting Bharat Awards honored pioneers, disruptors, and visionaries across industries, recognizing their outstanding contributions to business, technology, healthcare, education, and social impact.

      From Dr. Aravindan Selvaraj, who revolutionized multi-specialty healthcare at Kauvery Hospitals, to Poornima Garg, who led impactful social initiatives at Room to Read India, each awardee exemplified excellence. Naga Srirama Narasimha Raviteja Malladi and Akshatha Madapura Anantharamu transformed the tech and e-commerce landscapes, while Sanjeev Jain redefined the automobile industry. Zeeshan Mansoori spearheaded organic growth in digital platforms, and Aakash Jugraj shaped AI and blockchain media.

      The awards also recognized Harshvardhan Chauhan, who innovated in the FMCG sector, and Pankaj Kumar Choudhary, who set trends in luxury fashion. Devarshi Malviya bridged investors and F&B brands, while Dr. Mickey Keki Mehta advanced holistic health. Jagadish Nangineni led luxury real estate, and Rohan Paul transformed the lens manufacturing industry. In the financial sector, Manish Lalwani and Harsh Jha drove innovations in wealth management and financial distress resolution.

      Trailblazers in content, education, and entrepreneurship included Prof. Dr. Parin Somani, who reshaped global education, and Mithun Chakravarthy, who played a key role in the media and creator economy. Thomson R. Andrews was recognized as a visionary in music and media, and Sonia Kotak made a significant impact on social media. Shivam Mehta excelled in digital marketing, and Jobo Kuruvilla redefined disruptive marketing.

      A constellation of trailblazers was honored for their groundbreaking contributions across diverse industries. Sanjeev Pasricha was celebrated as a Creative Disruptor in Museum Curation, redefining cultural experiences, while Dr. Prakhyat was recognized as a Healthcare Pioneer, advancing medical solutions. Anmol Srivastava (TickYourList) revolutionized the travel industry with his innovative approach to tourism, and Shubhreet Kaur transformed media strategies as a Game Changer in Communications. Amit Mahadik and Poonam Mahadik, the visionary founders of Siddhivinayak Advertising, were applauded for their remarkable impact on the Outdoor Media Industry. Ms. Binda Dey’s creative brilliance was acknowledged for her invaluable contributions to the industry. Anshul Ajmera’s entrepreneurial excellence earned him the prestigious Bharat Innovators Award, while Manish Khurana was lauded for leading the Best Venture Studio for Startup Growth & Investment, fostering a thriving entrepreneurial ecosystem.

      Ankit Agarwal redefined cricket retail by creating the Best Emerging Cric-eCommerce Platform, and Pranav Rajeev reshaped urban landscapes as a Leading Innovator in Infrastructure Development. Amit Mahendragiri Goswami’s expertise in Cybersecurity, Cloud Computing, AI, and Machine Learning safeguarded digital assets, and Anirudh Sridharan played a pivotal role in shaping the Creator Economy, enabling digital influencers. Pratibha Walia and Neeraj Walia were recognized for their exceptional contributions, while Vijay Agarwal and Vaibhav Agarwal’s groundbreaking innovation in early education earned them the title of the Most Innovative Preschool Brand in India 2025.

      Pravin Patel was honored for Excellence in Real Estate Development & Infrastructure, shaping modern cities with his visionary projects. Meanwhile, Subhash Ramdin Prajapati was celebrated for redefining beauty, innovation, and social change with his transformative initiatives. Each of these distinguished individuals continues to push boundaries, inspire innovation, and redefine excellence in their respective fields. Dipu Bose is a visionary transformational leader in medical technology, driving innovation and advancements that shape the future of healthcare.

      Leaders in financial inclusion, such as Ankita Mitra, Chandan Khaitan, and Kunal Jhunjhunwala, ensured greater accessibility to secured lending, while Wilson K and Gaurav Thaker revolutionized luxury branding and beauty tech. Amitabh Shah drove social impact, Rakkesh R. Uddiyar led in fitness.These awardees demonstrated innovation, leadership, and a commitment to excellence, shaping India's future across diverse industries.

      A Celebration That Goes Beyond Awards Vyomeen Media Private Limited led News Reach and the HT Media Crafting Bharat Awards 2025 wasn’t just about recognizing achievements—it was about bringing together people who are shaping the future. It showcased stories of resilience, innovation, and purpose, inspiring others to push boundaries and create lasting change.

      As the event came to a close, it left behind more than just accolades. It sparked conversations, strengthened connections, and reinforced the vision of a self-reliant, forward-thinking Bharat. Every awardee’s journey served as a reminder that progress isn’t just about big ideas—it’s about the people who dare to make them happen.

      This wasn’t just an awards night. It was a movement. And the journey of Crafting Bharat is far from over.

      (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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