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    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    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
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
    India's Market Opportunity is Growing, and the Trade is Taking Notice
    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
    Currently nine trade disputes pending against India under WTO rules: Govt
    MNLU Mumbai Launches MBA in Entrepreneurship & Digital Business Law
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    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      How shelter hit by Trump's aid cuts protects LGBTQ migrants in Mexico

      March 25, 2025

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      Tapachula (Mexico), Mar 25 (AP) Ana Esquivel no longer feels like her heart stops every time she sees a police officer.

      “We've been told that they won't harass or mistreat us here, but back home, if a male name is spotted on your ID, you could spend the night detained,” said the 50-year-old transgender woman. She fled Cuba fearing for her safety and arrived in Mexico earlier this year.

      Esquivel settled in the southern city of Tapachula, hoping to dodge the Trump's administration crackdown on migration and reach the United States. But unlike many who turned back after their Border Patrol appointments got cancelled, returning home is not an option for LGBTQ+ migrants.

      “The LGBT population doesn't necessarily leave their countries for the same reasons as others,” said Mariana de la Cruz, operations director at Casa Frida, a shelter that supports LGBTQ+ migrants and lost 60 per cent of its funds after President Donald Trump ordered the suspension of foreign assistance programmes in January.

      “They leave due to discrimination and violence based on their gender identity,” de la Cruz said. “Beyond economic reasons or the American Dream, they leave because they need to survive.” The flux of migrants at the Southern Mexican border with Guatemala dipped after Trump announced plans to restrict refugees and asylum seekers, contending he wants to stop illegal entry and border crime.

      The Mexican Commission for Refugee Aid in Tapachula has not updated its public data since December 2024, but the transformation is clear.

      Hundreds of migrants no longer flood a public square, waiting for a response to their refugee applications. And though lines still form around the commission's headquarters, locals say the crowds are smaller.

      At a nearby Catholic shelter, administrator Herber Bermudez said they have hosted up to 1,700 migrants at a time, but it's closer to 300 with the shutdown of CBP One, the US border app that facilitated legal entry into the country.

      “The change was substantial,” Bermúdez said. “By January 20, we had around 1,200 people, but as the app stopped working, people started heading back to their countries.” In contrast, help requests addressed to Casa Frida have not dropped.

      "All of the people we support were victims of violence," said Sebastián Rodríguez, who works at the shelter. "They can't go back." In Tapachula since 2022, Casa Frida staff review on average 80 applications per month, assessing the most at-risk. According to Rodríguez, nonbinary and transgender migrants are frequently vulnerable to attacks.

      The shelter doesn't have enough resources to help everyone, but they bring on about 70 new people monthly and can support up to 200 LGBTQ+ at any given time.

      Several migrants recently told The Associated Press they were kidnapped by cartel members as they set foot in Mexico and had to give up their possessions to be released.

      LGBTQ+ people face more violence, Rodríguez said. Transgender women often dress as men to avoid mockery and being spotted by criminals. If they are spared and reach a shelter, staff assign them to male dorms. If they leave and try to rent a room elsewhere, landlords seem unhospitable or demand unthinkable fees.

      “That's why programmes like ours are needed,” Rodríguez said.

      According to the shelter, about 40 per cent of its population was affected by the end of CBP One app and the mass cancellation of appointments.

      “Some people feel discouraged and hopeless,” Rodríguez said. “But many have applied for asylum in Mexico.” Among its services, Casa Frida can provide a roof and meals for up to 12 people for three months. The organisation's other programmes can help several more migrants by providing legal guidance on remaining in Mexico, advice on finding temporary jobs with inclusive environments, psychological counselling and tips for renting apartments under fair conditions.

      “Most people just think of us as a shelter, but providing refuge is only the core of what we do,” Rodríguez said. “Our goal is to reintegrate violence victims into society.” The shelter operates in three locations: Mexico City, where it was founded in 2020 and mostly supports locals; Tapachula, which mainly receives migrants from Cuba, Honduras, Venezuela, El Salvador, Perú and Haiti; and Monterrey, where those at grave risk are transferred to be safe at an undisclosed address.

      Manuel Jiménez, 21, was welcomed at the Mexico City station in February. He arrived from a state near the capital when harassment by family members became unbearable.

      Jiménez initially hoped to reach the US and he travelled north in November 2024. All went well until border patrol officers detained him in Arizona and he was deported. But it was dangerous for him to stay in his hometown.

      “Someone told me about this shelter because I wanted to find a place where I could feel at peace,” said Jiménez, who identifies as bisexual. “Back home, there were people who wanted to hurt me, verbally and physically.” Now living at Casa Frida, he started working at a nearby restaurant and hopes to save money that will enable him to find a home of his own.

      Back in Tapachula, Esquivel applied for Mexican refugee status. Around 85 per cent of Casa Frida's migrants get a positive response, so she's optimistic. Maybe one day, she hopes, she could go back to school, land a job and relocate.

      “I want to stay here and become part of this country,” Esquivel said. “I want to do it the right way and I'm grateful to Casa Frida for helping me get there.” She learned about the shelter from another trans woman who also fled Cuba after feeling threatened by police.

      “I was nearly arrested,” said Rachel Pérez, 51. “In Cuba, we are discriminated and persecuted. We leave in search for a better life.” Human rights organizations have denounced continuing intolerance in the Caribbean nation, which does have sexual orientation protections.

      According to Esquivel, she was accused of prostitution — which is not illegal under Cuban law — for repeatedly walking alone at night. Police warned her a few times, but she kept going out until she was detained and transferred to a male prison.

      “I was raped there,” said Esquivel, who remained imprisoned for a year. “I was only 21 and the inmates abused me. Within time, I learned how to defend myself, but those were very difficult times I won't forget.” Staff at Casa Frida constantly updates their protocols to help migrants like Esquivel. But keeping operations running has proved challenging due to the US aid cuts.

      According to De la Cruz, worrisome notifications popped by January 24, and a few weeks later, 60 per cent of their budget was gone.

      “We've been looking everywhere to find new sustainability alternatives,” she said.

      “We are part of a network focused on LGBT mobility in Latin America and the Caribbean — 13 organisations in 10 countries — and at least 50 per cent of them took a hit.” Funding campaigns and ongoing meetings with European and local leaders might bring a solution, but concerns haven't ceased and the team could significantly diminish its operations.

      “Nothing is written in stone and we don't know what could happen next,” De la Cruz said. (AP) PY PY

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