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    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
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    July 30, 2026
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    Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
    United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
    July 30, 2026
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    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
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    July 30, 2026
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    Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
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    July 30, 2026
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    July 30, 2026
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    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
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    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
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    Secured retail lending growth accompanied enhanced credit controls, digital lending processes, and branch expansion by a middle-layer non-banking finance company.
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    July 30, 2026
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    Gold demand trends show central bank buying and OTC investment offsetting weaker ETF and jewellery demand.
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    Sports infrastructure PPP framework enables private stadium operation while requiring free coaching, child protection compliance, and student performance tracking.
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    Proposed e-Way Bill enhancements remain on hold, with no production changes required pending further communication.
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    Citizenship proof requires more than identity, tax, electoral or banking records when nationality remains unestablished.
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    Corporate Mitra Scheme builds local compliance professionals to strengthen MSME regulatory, financial, taxation, accounting and governance support.
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    July 29, 2026
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    Amalgamation of Go Digit Infoworks with Go Digit General Insurance approved, with the general insurer continuing as surviving entity.
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    July 29, 2026
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    Competition approval enables Brookfield's indirect acquisition of Oaktree entities, combining alternative investment management businesses.
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    July 29, 2026
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    Processed dairy exports to Bhutan expand through compliance support, market access facilitation, and planned diversification of longer-shelf-life products.
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    July 29, 2026
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      Arunachal govt to establish 'Institute for Transforming Arunachal' to drive policy reforms: DyCM

      March 21, 2025

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      Itanagar, Mar 21 (PTI) Arunachal Pradesh Deputy Chief Minister Chowna Mein on Friday said the state government will establish an Institute for Transforming Arunachal (ITA), modelled after NITI Aayog, to guide policy direction and monitor development impact.

      During a meeting with a visiting delegation of NITI Aayog at the civil secretariat here, Mein stated that ITA would act as a think tank, setting the course for development (disha) and assessing its impact (dasha) to formulate effective policies.

      He sought technical and strategic support from NITI Aayog under the State Support Mission (SSM) to facilitate the institute's functioning, according to an official statement from his office.

      The deputy chief minister expressed gratitude for NITI Aayog's continued support in monitoring and enhancing Arunachal Pradesh's socio-economic progress.

      He acknowledged its role in refining policies, improving governance, and uplifting the state's aspirational district (Namsai) and three aspirational blocks at Chongkham (Namsai), Tali (Kra Daadi), and Pongchau (Longding).

      He credited the collaboration for driving key socio-economic improvements through better performance indicators in these regions.

      Highlighting Arunachal Pradesh's economic trajectory, Mein noted that the Gross State Domestic Product (GSDP) had increased by 135 per cent from Rs 20,373 crore in 2016 to Rs 47,823 crore in 2024.

      The state budget expanded by 218 per cent, while GST collections surged by 584 per cent, reflecting enhanced fiscal strength. Infrastructure development has also seen significant progress, with rural roads expanding by 251 per cent, the National Highway network growing by 143 per cent and Donyi Polo Airport now equipped with all-weather and night-landing facilities.

      The deputy chief minister underscored key achievements in education, healthcare, and agriculture. He highlighted the establishment of TRIHMS, Arunachal's first medical college, and reported a sharp decline in school dropout rate from 9 per cent to 2.3 per cent, indicating successful education reforms.

      He also noted that the state had become India's top Kiwi producer, yielding over 7,000 MT with organic certification, while securing GI tags for 20 indigenous products to preserve its cultural heritage.

      The sports sector also saw significant growth, with 54 Khelo India Centres contributing to Arunachal Pradesh's athletes winning over 1,000 medals.

      Mein announced that Financial Year 2025-26 had been declared as the 'Year of Human Capital', with a focus on investments in people, infrastructure, economy, and innovation.

      Key initiatives include Mission Shikshit Arunachal 2029, a Rs 3,000 crore project for full NEP 2020 implementation and skill development, along with the Chief Minister's Comprehensive State Rural Roads Development Programme, which involves a Rs 2,000 crore investment over four years to achieve universal rural connectivity.

      Mein sought NITI Aayog's support in critical areas, urging the removal of the Rs 750 crore ceiling on the state's equity contribution in hydropower projects to accelerate clean energy expansion.

      He emphasised the need to enhance regional connectivity by expanding rail and air networks, achieve 100 per cent 4G/5G saturation to bridge the digital divide, upgrade administrative infrastructure to improve governance and secure technical assistance for a monorail system in the Itanagar-Naharlagun twin capital cities to improve urban mobility.

      He also advocated for recognition of Thembang fortified village as a UNESCO World Heritage Site to safeguard the state's cultural heritage.

      As part of its commitment to governance and transparency, the state government will launch an infrastructure monitoring portal to track major projects and ensure timely execution, the deputy chief minister said.

      Programme Director (Security & Law) of NITI Aayog, Maj Gen (Retd) K Narayanan, recommended that the Arunachal Pradesh government prioritise initiatives in tourism, infrastructure, governance, and digital transformation.

      He suggested the development of the Si-Na-Li-Ta circuit in Upper Subansiri district, covering Siyum, Nacho, Limeking, and Taksing, to boost tourism and economic growth. He also proposed the establishment of Zemithang model village in Tawang, inspired by China’s Xiaokang villages, as a model for rural transformation under NITI Aayog and central government schemes.

      Additionally, the NITI Aayog delegation recommended enhancing financial support mechanisms, integrating Zemithang and Limeking into the aspirational block programme, and collaborating on projects such as the upcoming NCSRC hackathon and a study on aspirational blocks by the Kaizen Institute.

      To further drive governance and innovation, Narayanan emphasised aligning ITA with NITI Aayog’s Frontier Tech Hub, which focuses on digital governance, technology-led development, and sustainability.

      He urged Arunachal Pradesh to leverage this initiative to remain at the forefront of inclusive growth and innovation.

      The deputy chief minister reiterated the state government’s commitment to strategic investments, sustainable fiscal policies, and inclusive development, ensuring that Arunachal Pradesh continues on a trajectory of economic and social transformation, the statement added. PTI UPL UPL RG

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