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    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
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    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
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    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
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    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
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    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
    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.
    August 4, 2026
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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.
    August 4, 2026
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    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
    Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
    August 4, 2026
    Show AI Summary
    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
    Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
    August 4, 2026
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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.
    August 4, 2026
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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.
    August 3, 2026
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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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      Corp. Laws / SEBI / IBC

      Top 10 Pioneering Minds of 2025 Unveiled by Kiteskraft Productions LLP

      March 18, 2025

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      CHANDIGARH, India, March 17, 2025 /PRNewswire/ -- India's evolution is driven by bold visionaries who embrace innovation and leadership. Top 10 Pioneering Minds of 2025 by Kiteskraft Productions LLP celebrates outstanding leaders, changemakers, and trailblazers redefining industries and driving progress. Their relentless commitment and groundbreaking contributions are shaping a brighter, more dynamic future for India.

      Bhupendra Kumar Patel: Bhupendra Kumar Patel is a distinguished academician and leader in the field of education, currently serving as the Head of the Department of English and Principal of Naveen Government College, Nawagarh, Janjgir-Champa. With decades of experience, he has played a pivotal role in shaping higher education in Chhattisgarh. Affiliated with Shaheed Nandkumar Patel Vishwavidyalaya, Raigarh, his contributions to academia and administration have been widely recognized.

      Previously, he held key positions at prestigious institutions, including Government M.G. Arts and Science P.G. College, Kharsia, and Government MMR P.G. College, Champa. He has also served as the Coordinator of the IGNOU Study Centre and District Organizer for the National Service Scheme (NSS). A prolific researcher, Patel has published over 60 research papers and authored influential books on English literature and education. He has actively participated in national and international seminars, delivering lectures as a resource person. Through his dedication to teaching, research, and policy implementation, Patel continues to inspire students and educators, leaving a lasting impact on the educational landscape.

      Dr. Shivam Arun Kumar Patnaik: Dr. Shivam Arun Kumar Patnaik, Director of Public Relations at Amity University, is emerging as a global leader in the Intelligent Age, harnessing artificial intelligence (AI), digital infrastructure, and innovation to drive economic and social transformation.

      Dr. Shivam Arun Kumar Patnaik, born in 1974 in Visakhapatnam, Andhra Pradesh, overcame significant hardships to establish himself as a distinguished educator and social reformer. His father, Late Shri S.J. Rao Patnaik, worked for South Eastern Railway in Bilaspur but passed away when Arun was just three months old. Despite limited education, his mother took up a job as a peon in a railway school to support the family. Inspired by her sacrifices, he pursued his education with determination and later returned to the same school as a Chief Guest, honoring her dedication.

      Facing financial struggles, Dr. Patnaik took on various small jobs, including working at STD/PCO booths, to sustain his family. A devotee of Sri Sathya Sai Baba, he spent two years in Puttaparthi, embracing the principles of service and moral values. For the past 26 years, he has been teaching human values through the Balvikas initiative in slums and prisons, earning recognition from multiple state governments. His contributions led to an invitation to the Global Economic Conference at Harvard, where he delivered a talk on societal transformation.

      Dr. Amit Suryavanshi: Dr. Amit Suryavanshi is a visionary leader and entrepreneur in the fire and safety sector, serving as the Director of IFSC India (Industrial Fire Safety College). Committed to enhancing fire safety standards, he has established a premier institute dedicated to training professionals in industrial safety, emergency response, and regulatory compliance. Under his leadership, IFSC India has become a center of excellence, offering industry-aligned, world-class training programs.

      With over a decade of experience, Dr. Suryavanshi has developed innovative safety protocols and curricula aligned with national and international standards. His efforts have led to the training of over 3,000 students, ensuring a strong placement record in fire and safety careers. Recognized for his contributions, he has received prestigious honors such as the Rashtriya Padmabhushan Samman, Institutional Safety Excellence Award by Safe Tech India, and Maharashtra Udyog Bhushan Puraskar.

      His expertise in firefighting, risk assessment, and emergency response has positioned IFSC India as a leader in safety education. Under his leadership, the institute is expanding across India through its franchise network.

      Dr. Md. Sahidul Arefin: Dr. Md. Sahidul Arefin is a distinguished Audiologist and Speech-Language Pathologist, recognized for his expertise in communication and swallowing disorders. He specializes in post-stroke speech rehabilitation, helping patients regain speech, language, and cognitive-linguistic abilities through evidence-based techniques. His work in managing swallowing disorders (dysphagia) ensures safer and more comfortable feeding for patients with neurological conditions. Dr. Arefin also treats autism, speech delays, voice disorders, and hearing impairments, offering expert hearing aid fittings and cochlear implant counseling. His holistic approach and commitment to patient care have made him a trusted name in the field. Dedicated to transforming lives, he continues to provide innovative therapies that enhance communication and quality of life for individuals facing these challenges.

      Dr. Parvathi Satyanarayana: Dr. Parvathi Satyanarayana is a distinguished educator with over 38 years of experience in school education, serving as Headmaster Grade II Gazetted in the School Education Department, Government of Telangana. His visionary leadership has transformed institutions by fostering academic excellence, holistic student development, and innovative teaching methodologies.

      A pioneer in pedagogical advancements, he has introduced modern teaching practices, competency-based assessments, and experiential learning. His commitment to educational reform has led to improved infrastructure, eco-friendly academic spaces, and increased student enrollment and retention rates.

      Beyond academia, Dr. Satyanarayana is a staunch advocate for teachers' rights and policy reforms. As State General Secretary of PRTU Telangana, Secretary General of the Teachers Joint Action Committee, and Vice Chairman of the Telangana Government Employees Joint Action Committee, he has driven significant systemic improvements for educators.

      Holding degrees in Mathematics, Education, Law, and Human Rights, he is a thought leader in education policy. His contributions to school governance continue to shape Telangana's education landscape, leaving a lasting impact on students, teachers, and future reforms.

      Dr. Preeti Padmanabhan: Dr. Preeti Padmanabhan, born in Pune, Maharashtra—renowned as the 'Oxford of the East' and the 'Cultural Capital of Maharashtra'—is a distinguished academician and researcher in the field of Biochemistry. A proud alumna of St. Helena's High School and Junior College, she excelled both academically and socially. She pursued her undergraduate studies at the prestigious Nowrosjee Wadia College, followed by postgraduate studies at the esteemed Byramjee Jeejeebhoy (B.J.) Medical College, Pune, and further specialized at Pravara Institute of Medical Sciences, Ahmednagar.

      Currently serving as a Professor of Biochemistry at SSPM Medical College & Lifetime Hospital, Sindhudurg, Maharashtra, Dr. Padmanabhan is known for her innovative teaching methods, active research contributions, and strong administrative skills. She has received multiple awards at both national and international levels, including an International Postgraduate Diploma in Bioethics and Human Law.

      Beyond academia, she is a passionate writer, singer, actor, artist, and culinary enthusiast. Dedicated to holistic well-being, she is actively working toward her fitness goals, embracing a balanced and creative lifestyle.

      Dr. Rita Mukesh Gandhi: Dr. Rita Mukesh Gandhi's journey is a remarkable blend of lifelong learning, dedication, and holistic healing. Born in Kolkata in 1954, she pursued a degree in Home Science before embracing family life in Mumbai. Inspired by Shri Pandurang Shashtriji's philosophy of selfless service, she developed a deep passion for health and nutrition. At 49, she expanded her knowledge by earning diplomas in Nutrition and Naturopathy, followed by specializations in Acupuncture, Acupressure, Panchkarma, Facial-Marama, and Ayurvedic dietetics. Her professional journey includes 12 years of experience with renowned dietitian Dr. Vijaya Venkat and four years dedicated to rural health education.

      Currently, she serves as a Consultant Naturopath and Ayurvedic Dietician, integrating Astrology, Numerology, and Reiki into her holistic approach. During the pandemic, her voluntary service as a dietitian earned recognition from Maharashtra's Governor, Delhi's Legislative Assembly Speaker, and Rajasthan's MLA. Honored as a Corona Warrior, she also received the Nutritional Consultation Award and an Alumni Award from J.J. Ajmera High School. Committed to accessible holistic healthcare, she continues to empower individuals with knowledge and healing.

      Dr. G. Lakshmipathy . Pondicherry: Dr. G. Lakshmipathy, born on August 15, 1962, in Pondicherry, is a distinguished academician and humanitarian dedicated to social service. Inspired by his grandfather, a freedom fighter, he developed a strong commitment to community welfare from an early age.

      A highly accomplished scholar, he holds two undergraduate degrees, five postgraduate degrees, three Ph.Ds., and 22 postgraduate diplomas. He initially worked as a Senior Branch Manager at United India Insurance Company Ltd. but later transitioned to community service, serving as Chairman of the Indian Red Cross Society, Pondicherry State.

      With over 36 years of service, Dr. Lakshmipathy has made significant contributions to mother and child care, disaster relief, and first aid training. His initiatives include setting up 23 breastfeeding rooms, organizing blood donation camps, and providing essential aid during COVID-19.

      Honored with over 40 awards, including the Gandhi Award for Social Thinking and Bharat Jyoti Award, he continues to champion human rights and social causes, leaving a profound impact on society through his unwavering dedication and service.

      Dr. Surendra Bajaj: Dr. Surendra Bajaj is a distinguished entrepreneur, social activist, writer, singer, and speaker, whose contributions have significantly impacted business and social service. Holding a Ph.D. in Business Administration, he seamlessly blends professional excellence with humanitarian commitment. As Convenor of Netradan Dehdan Prerana Prakalp of Shri Maheshwari Samaj Jaipur, he has led body and eye donation awareness efforts, securing over 800 eye donation pledges and 167 posthumous body donations. He serves as President of Jaipur Jila Maheshwari Sabha Samiti, driving community welfare initiatives, and has been Treasurer of the Rajasthan Transformer Manufacturers Association for over a decade.

      With 45+ years in business, Dr. Bajaj's ventures have earned numerous accolades, including the National Award (1995) from the President of India and Rajasthan Udyog Ratna Awards (2017, 2019). His company, Shree Transformers & Electromech, has received the India SME Top 100 and Vishwakarma Awards. Through his foundation, he actively supports social causes featured in Doordarshan Rajasthan's 'Dharti Dhoran Ri', inspiring future generations through business and philanthropy.

      Dr. D. Renuka Gandhi: Dr. D. Renuka Gandhi, born on August 12, 1969, in Tamil Nadu, is a trailblazer in education and social service. As the first graduate from her village, she overcame numerous challenges to pursue higher education. Inspired by her father, a Village Administrative Officer (VAO), she earned her B.Ed., M.Phil., and Ph.D. after marriage, with unwavering support from her husband, Dr. K. Gandhi.

      She began her teaching career in 2001 and was honored with the Dr. Radhakrishnan Award (2016) by the Government of Tamil Nadu for excellence in teaching. As the Service Coordinator of the Junior Red Cross Society, she was recognized by the Governor of Odisha for her contributions.

      Dr. Gandhi has actively improved school infrastructure, organized awareness programs, and facilitated better drinking water facilities for 2,000 students. Nominated for the National ICT Award in 2012, she has also donated blood 19 times, earning recognition from the Mayor of Bangalore Corporation. She wholeheartedly dedicates her journey to her parents, husband, family, well-wishers, and mentor, R. Rajendren, M.D., P.S.P.

      About Kiteskraft Productions LLP Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more.

      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

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