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    Trump imposes 50 per cent tariffs on Canadian goods, citing disputes over autos, alcohol and cheese
    Rupee falls 6 paise to close 96.36 against US dollar
    India gets USD 20.72 bn forex inflows under swap facility since Jun: RBI
    J'khand aiming to increase GI-tagged products to 25, Atthe Mutton among those in pipeline: official
    Sensex declines by 443 pts on heavy selling in HDFC Bank, Axis Bank
    Strengthening Customer Grievance Redress: The Role of the Internal Ombudsman - Keynote address by Shri Swaminathan J, Deputy Governor at the Internal ...
    Nearly 55.49 Crore Users Onboarded on UPI as in June 2026
    Government and RBI Strengthen Fintech Ecosystem with Enhanced Regulatory Frameworks & Consumer Protection Actions
    SC gives Parsvnath Developers one week to deposit dues to homebuyers, warns next step is jail
    Rupee fell 14 paise to close 96.44 against US dollar
    SC to direct CBSE to implement Orissa HC verdict on APAAR consent forms across country
    APEDA Facilitates First Export of 24 MT Frozen French Fries from Uttarakhand to Iraq
    Fourth Edition of National Conference on Responsible Business Conduct (NCRBC) 2026 Concludes in New Delhi
    DRI seizes 15 kg methamphetamine, 4 kg pseudoephedrine, 85 lakh smuggled cigarettes, and 2 drone-dropped Pakistan-made pistols in nationwide operation...
    DRI intensifies crackdown on precious metals smuggling; seizes 15 kg smuggled gold, 20 kg silver and ₹2 crore cash in nationwide operations; 13 ...
    Union Minister of Commerce and Industry Shri Piyush Goyal concludes successful visit to Spain, Belgium, Finland and Estonia; strengthens India's econo...
    Trump wants Iran added to Russia sanctions bill
    HDFC Bank profit rises 5 pc to Rs 19,060 cr in Q1
    Indian-origin woman sentenced to 2 years jail over Covid business loan fraud in UK
    Onion growers welcome agri market near Vadhvan port, urge govt to develop Nashik as export hub
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    July 21, 2026
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    Trade tariffs on Canadian goods target alleged discrimination against American automobiles, alcohol and dairy products under trade law.
    United States trade action imposes tariffs on most Canadian goods, citing alleged discriminatory treatment of American automobiles, alcoholic beverages and dairy products. The measures apply to goods previously protected under the United States-Mexico-Canada Agreement, subject to exclusions for energy products, potash, fish and critical minerals. The stated grounds include Canadian retaliatory tariffs, restrictions on American alcohol sales, treatment of dairy imports, and tariffs on certain United States motor vehicles outside preferential trade treatment.
    July 20, 2026
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    Foreign exchange market movement saw rupee depreciation amid geopolitical risk, higher crude prices, stronger dollar conditions and equity outflows.
    Foreign exchange market movement saw the rupee depreciate by 6 paise to close at 96.36 against the US dollar, amid global risk aversion, higher crude oil prices, escalating US-Iran tensions and rising US Treasury yields. Market commentary indicated that anticipated Reserve Bank of India intervention could limit further downside. The report also noted a stronger dollar index, domestic equity-market declines, foreign institutional equity outflows, and an increase in India's foreign exchange reserves.
    July 20, 2026
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    Concessional foreign-exchange swaps incentivise fresh FCNR(B) deposits and foreign borrowings to strengthen balance-of-payments liquidity.
    The concessional foreign-exchange swap facility incentivises fresh FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings to strengthen the balance of payments and support foreign-exchange liquidity. Its availability is time-limited, with FCNR(B) deposits eligible until September 2026 and OFCB and ECB inflows eligible until December 2026. Reported inflows were primarily mobilised through FCNR(B) deposits.
    July 20, 2026
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    Geographical indication recognition protects traditional product identity while supporting rural entrepreneurship, quality maintenance, digital access and artisan market opportunities.
    Geographical Indication recognition is being pursued for additional traditional products from Jharkhand to protect product identity and expand protected regional products. GI recognition supports cultural heritage, rural entrepreneurship and market access for artisans and primary producers. Post-registration measures emphasise product-quality maintenance and digital e-commerce access, alongside skill development, marketing initiatives, rural haats and support for non-farm sectors.
    July 20, 2026
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    Banking sector earnings concerns and geopolitical tensions pressured benchmark equities, while broader markets and selected defensive sectors gained.
    Indian benchmark equity indices declined following heavy selling in major private-sector banking shares amid concerns over weaker net interest margins and quarterly earnings. Banking and financial sector indices were the principal laggards. Renewed United States-Iran tensions, crude-oil concerns, global market weakness and reported foreign institutional investor equity sales added to investor caution. Broader domestic market indices nevertheless closed higher, with selected defensive and infrastructure-linked sectors recording gains.
    July 20, 2026
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    Internal Ombudsman independence strengthens fair customer grievance resolution, prevents escalation, and drives institutional learning from recurring complaint patterns.
    Internal Ombudsmen should independently review qualifying customer grievances to ensure fair, reasonable and timely internal resolution rather than mechanically affirming earlier decisions. Regulated entities should prevent eligible complaints from bypassing Internal Ombudsman review and should assess redress by the quality, transparency and fairness of outcomes, not merely complaint closure. Complaint patterns should be used for root cause analysis and institutional improvements, with Boards and senior management empowering Internal Ombudsmen and treating complaint trends as early-warning information. Technology may support analytics and faster processes but cannot replace judgment, empathy and impartiality.
    July 20, 2026
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    UPI security framework mandates advanced controls, alongside risk-based limits and authentication safeguards to strengthen payment ecosystem resilience.
    Unified Payments Interface is an NPCI-operated payment system authorised under the Payment and Settlement Systems Act, 2007. Cross-border UPI arrangements facilitate person-to-person remittances and person-to-merchant payments through partner institutions in multiple countries. Security measures include risk-based transaction limits, safeguards against unauthorised mobile-number changes and misuse of SMS-based authentication, and enhanced application-security requirements. The Comprehensive UPI Information Security Framework 2025 and Mobile Application Security Framework mandate advanced controls to strengthen UPI ecosystem safety and resilience.
    July 20, 2026
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    Fintech consumer protection strengthens payment security, data safeguards, innovation testing, fraud monitoring, cybercrime reporting, and public awareness mechanisms.
    Fintech regulation and consumer protection are being strengthened through self-regulatory standards, digital payment security controls, personal-data safeguards, regulatory sandbox testing, and cyber-fraud reporting mechanisms. The FinTech self-regulatory organisation framework promotes ethical conduct, market integrity, dispute resolution, transparency, and accountability. Banks must maintain minimum security controls for payment channels, supported by AI and machine-learning fraud monitoring for UPI transactions. Citizens may report cyber incidents and illegal loan apps through designated reporting channels, alongside awareness initiatives on fraud prevention and risk mitigation.
    July 20, 2026
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    Homebuyer order enforcement requires developer to deposit recoverable dues with interest, with imprisonment warned for continued non-compliance.
    Final homebuyer compensation and possession-related directions were enforced by requiring the developer and its officials to deposit the entire recoverable amount with annual interest in the court registry within one week. Existing asset freezes were to continue, and continued non-compliance could lead to imprisonment. The purchasers had obtained final regulatory compensation directions, but execution proceedings, notices and warrants had not resulted in payment or possession. Third-party rights and transfer of possession were restrained pending compliance.
    July 20, 2026
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    Foreign-exchange market pressure weakened the rupee as crude prices, geopolitical risk and dollar strength increased, with intervention offering support.
    Foreign-exchange market movement saw the rupee depreciate against the US dollar amid global risk aversion, higher crude oil prices, geopolitical tensions, and rising US Treasury yields. Reserve Bank of India intervention was identified as a potential support mechanism capable of limiting downside pressure. Higher dollar-index levels, domestic equity-market movements, foreign institutional equity outflows, and an increase in India's foreign-exchange reserves were also noted as relevant market conditions.
    July 20, 2026
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    Parental consent in APAAR enrolment requires a genuine opt-out option and compliance with personal data protection safeguards.
    APAAR consent procedures were questioned because a scheme described as voluntary may effectively require Aadhaar enrolment and condition educational access on an academic identifier. The Orissa High Court direction required the model consent form to give parents an express option to refuse consent or opt out before enrolment. Concerns included informed parental consent, withdrawal of consent, long-term storage of children's educational records and privacy protections. Educational circulars remain subject to the Digital Personal Data Protection Act, and any data-processing framework must comply with applicable consent requirements.
    July 20, 2026
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    Agricultural export facilitation supports frozen potato product market access through trade promotion and state logistics assistance for exporters.
    Agricultural export facilitation supported the first export of frozen French fries from Uttarakhand to Iraq, promoting value-added agricultural exports and processed food market access. APEDA assisted the exporter through international trade exhibitions for buyer engagement and market outreach. Logistics costs affecting landlocked-state exports are being addressed through work on a State Agri Export Policy, including transport assistance provisions to improve competitiveness, strengthen export infrastructure and support participation in export-oriented agricultural supply chains.
    July 20, 2026
    Show AI Summary
    Responsible business conduct requires credible ESG disclosures, sector-specific reporting, supply-chain due diligence and inclusive MSME participation for sustainable development.
    Responsible business conduct and ESG integration were presented as constitutional and legal obligations connected with environmental protection, social equity, human dignity and sustainable development. ESG was discussed as extending beyond compliance to support resilience, risk management and sustainable innovation. Key priorities included credible, comparable and reliable disclosures; sector-specific reporting responsive to materiality and data gaps; responsible value-chain due diligence; MSME capacity-building; technology-enabled traceability; credible assurance; and rigorous, comparable environmental metrics. Capacity-building, policy research and partnerships were identified as important to advancing inclusive ESG adoption.
    July 20, 2026
    Show AI Summary
    Intelligence-led anti-smuggling enforcement disrupts narcotics, illicit tobacco and cross-border arms trafficking through coordinated seizures and arrests.
    Intelligence-led operations addressed narcotics smuggling, illicit tobacco trade and cross-border arms trafficking. Methamphetamine allegedly smuggled from Myanmar and pseudoephedrine intended for illegal export were seized, with arrests made under the NDPS Act, 1985. An import container falsely declared as carrying plastic storage boxes contained smuggled foreign-made cigarettes. Drone-dropped parcels containing Pakistan-made pistols were recovered near the international border and handed to jurisdictional police for action under the Arms Act, 1959.
    July 20, 2026
    Show AI Summary
    Precious-metals smuggling enforcement targets concealed gold transport, illicit sale proceeds and airport insider facilitation networks.
    Organised precious-metals smuggling was targeted through intelligence-led operations involving seizures of foreign-origin gold, silver and cash believed to represent sale proceeds, with arrests of persons allegedly connected with possession, transport and facilitation of smuggled goods. The operations addressed concealment in luggage-frame rods, undergarments and specially fabricated vehicle cavities, and included alleged airport-staff assistance in clandestinely removing smuggled gold during passenger transit.
    July 20, 2026
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    India-EU economic cooperation advances through FTA implementation, investment facilitation, digital partnerships, manufacturing collaboration and market-access discussions across Europe.
    India advanced economic engagement with European partners through discussions on trade, investment, technology cooperation, manufacturing, digital infrastructure and market access. The engagements emphasised early signing and implementation of the India-EU Free Trade Agreement, investment protection, geographical indications, regulatory cooperation and professional mobility. Cooperation initiatives included digital payments interoperability, artificial intelligence, advanced manufacturing, clean energy, cybersecurity, fintech, telecom, research and supply-chain resilience. European businesses were encouraged to establish India as a manufacturing, innovation and export hub, including through opportunities for MSMEs, startups and future-oriented sectors.
    July 19, 2026
    Show AI Summary
    Russian oil purchase tariffs would target major buyers and sanctions-evasion facilitators, with specified energy, nuclear and cooperation exemptions.
    Proposed United States legislation on Russian sanctions would impose tariffs on imports from countries identified as major purchasers of Russian crude oil or natural gas or leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustment based on purchasing behaviour, while exempting specified reduced natural-gas imports, United States uranium purchases for nuclear and medical needs, and certain nuclear and space cooperation. The revised proposal also addresses sanctions-evasion fleets and Chinese support for Russia's defence industrial base.
    July 18, 2026
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    Corporate governance and asset quality improvements accompany stronger banking profitability amid continuing leadership reappointment considerations.
    Banking-sector performance reporting records higher profitability, improved asset quality and lower provisions for bad loans, although operating profit declined and capital adequacy moderated. Corporate governance developments include appointment of a part-time chairman following the former chairman's resignation and concerns about internal practices. The chairman's prior financial-services role was associated with actions against shell companies and ponzi schemes targeting black-money structures. Reappointment of the managing director and chief executive officer remains subject to committee consideration.
    July 18, 2026
    Show AI Summary
    Covid business loan fraud involved inflated turnover, duplicate applications, personal diversion, and criminal sentencing with recovery action.
    Covid business loan fraud involved false Bounce Back Loan applications based on inflated turnover, duplicate claims, and false declarations that funds would be used solely for business purposes. The loan proceeds were diverted to personal accounts for personal debts, personal finance, stocks and shares, and transfers between company accounts. The borrower pleaded guilty to fraud offences, received a custodial sentence, and faces recovery proceedings for the fraudulently obtained funds under the Proceeds of Crime Act 2002.
    July 18, 2026
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    Onion export infrastructure: growers seek a Nashik export hub, dedicated terminal and logistics link to global markets.
    Onion growers seek development of Nashik as a National Onion Export Hub linked to the proposed agricultural market near Vadhvan port. The proposed framework includes an onion export terminal, grading, sorting, packing, quality testing and customs-clearance facilities, and rail, container and cold-chain logistics. Additional requests include a stable national onion export policy, support for processing industries, direct farmer producer organisation participation in exports, an export promotion cell, and a training, research and export-guidance centre.

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      Syria's Druze seek place in changing nation, navigating pressures from government, Israel

      March 10, 2025

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      Jaramana (Syria), Mar 10 (AP) Syria's Druze minority has a long history of cutting their own path to survive among the country's powerhouses. They are now trying again to navigate a new, uncertain Syria since the fall of longtime autocrat Bashar Assad.

      Members of the small religious sect find themselves caught between two forces that many of them distrust: the new, Islamist-led government in Damascus and Syria's hostile neighbor, Israel, which has used the plight of the Druze as a pretext to intervene in the country.

      Syria's many religious and ethnic communities are worried over their place in the new system.

      The transitional government has promised to include them, but has so far kept authority in the hands of the Islamist former insurgents who toppled Assad in December -- Hayat Tahrir al-Sham, or HTS. That and HTS's past affiliation with Sunni Muslim extremist al-Qaida, has minorities suspicious.

      The most explosive hostilities have been with the Alawite religious minority, to which Assad's family belongs. Heavy clashes erupted this week between armed Assad loyalists and government forces, killing at least 70, in the coastal regions that are the Alawites' heartland.

      In contrast, the Druze -- largely centered in southern Syria -- have kept up quiet contacts with the government. Still, tensions have broken out.

      Last week in Jaramana, a suburb of Damascus with a large Druze population, unknown gunmen killed a member of the government's security forces, which responded with a wave of arrests in the district.

      Israel's Prime Minister Benjamin Netanyahu and military officials weighed in by threatening to send forces to Jaramana to protect the Druze. Druze leaders quickly disavowed the offer. But soon after, someone hung an Israeli flag in Sweida, an overwhelmingly Druze region in southern Syria, prompting residents to quickly tear it down and burn it.

      Many fear another flare-up is only a matter of time.

      Multiple Druze armed militias have existed for years, originally set up to protect their communities against Islamic State group fighters and drug smugglers coming in from the eastern desert. They have been reluctant to set down their arms. Recently a new faction, the Sweida Military Council, proclaimed itself, grouping several smaller Druze militias.

      The result is a cycle of mistrust, where government supporters paint Druze factions as potential separatists or tools of Israel, while government hostility only deepens Druze worries.

      A struggle to unite a divided country On the outskirts of Sweida, a commander in Liwa al-Jabal, a Druze militia, stood on a rooftop and scanned the hills with binoculars. He spoke by walkie-talkie with a militiaman with an assault rifle below. They were watching for any movement by militants or gangs.

      “Our arms are not for expansionist purposes. They're for self-defence and protection,” said the commander, who asked to be identified only by his nickname Abu Ali for security reasons. “We have no enemies except those who attack us.” Abu Ali, who is a metal worker as his day job, said most Druze militiamen would merge with a new Syrian army if it's one that “protects all Syrians rather than crushes them like the previous regime”.

      The Druze religious sect began as a 10th-century offshoot of Ismailism, a branch of Shiite Islam. Over half of the roughly 1 million Druze worldwide live in Syria. Most other Druze live in Lebanon and Israel, including in the Golan Heights, which Israel captured from Syria in the 1967 Mideast War and annexed in 1981.

      In Syria, the Druze take pride in their fierce independence. They were heavily involved in revolts against Ottoman and French colonial rule to establish the modern Syrian state.

      During Syria's civil war that began in 2011, the Druze were split between supporters of Assad and the opposition. The Sweida region stayed quiet for much of the war, though it erupted with anti-government protests in 2023.

      Assad reluctantly gave Druze a degree of autonomy, as they wanted to avoid being involved on the frontlines. The Druze were exempted from conscription into the Syrian army and instead set up local armed factions made of workers and farmers to patrol their areas.

      Druze say they want Syria's new authorities to include them in a political process to create a secular and democratic state.

      “Religion is for God and the state is for all” proclaimed a slogan written on the hood of a vehicle belonging to the Men of Dignity, another Druze militia patrolling the outskirts of Sweida.

      Being inclusive will not hurt him Many Druze quickly rejected Israel's claims to protect the minority. Hundreds took to the streets in Sweida to protest Netanyahu's comments.

      “We are Arabs, whether he or whether the Lord that created him likes it or not. Syria is free,” said Nabih al-Halabi, a 60-year-old resident of Jaramana.

      He and others reject accusations that the Druze want partition from Syria.

      But patience is wearing thin over what many see as arbitrary layoffs of public sector workers, shortage of economic opportunities, and the new authorities' lack of more than token inclusion of Syrians from minority communities. For the first time, a protest took place in Sweida on Thursday against Damascus' new authorities.

      Interim President Ahmad al-Sharaa has promised to create an inclusive system, but the government is made up mostly of his confidantes. The authorities convened a national dialogue conference last week, inviting Syrians from different communities, but many criticised it as rushed and not really inclusive.

      “What we are seeing from the state today, in our opinion, does not achieve the interests of all Syrians,” said retired nurse Nasser Abou-Halam, discussing local politics with other residents in Sweida's public square where near-daily protests took place.

      “It's a one-colour government, with leadership appointed through factions rather than through elections.” Al-Sharaa “has a big opportunity to be accepted just to be Syrian first and not Islamist first. Being inclusive will not hurt him”, said Bassam Barabandi, a former Syrian diplomat currently based in Washington. “On the contrary, it will give him more power.” Economic woes shorten the honeymoon Syria's new leaders have struggled to convince the United States and its allies to lift Assad-era sanctions. Without the lifting of sanctions, it will be impossible for the government to rebuild Syria's battered infrastructure or win over minority communities, analysts say.

      “I'm scared sanctions won't be lifted and Syria won't be given the chance,” said Rayyan Maarouf, who heads the activist media collective Suwayda 24. He has just returned to Sweida after fleeing to Europe over a year ago because of his activism.

      “Syria could go back to a civil war, and it would be worse than before,” he said.

      Outside Sweida, Abu Ali was helping train new volunteers for the militia. Still, he said he hopes to be able to lay down his weapons.

      “There is no difference between the son of Sweida or Jaramana and those of Homs and Lattakia,” he said. “People are tired of war and bloodshed … weapons don't bring modernism.” (AP) PY PY

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