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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
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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.

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      CELEBRATING CULINARY EXCELLENCE: THE ULTIMATE STAR WINNERS OF 2025 UNVEILED BY CULINARY CULTURE

      March 27, 2025

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      BENGALURU, India, March 27, 2025 /PRNewswire/ -- India's most credible and influential restaurant rating platform, Culinary Culture'sUltimate Restaurant Ratings, concluded its spectacular second edition, honoring the best of Indian gastronomy.

      This year's event expanded beyond Mumbai, Delhi, Kolkata, Bengaluru, Goa, and Chennai, introducing four new cities—Hyderabad, Bhopal, Kochi, and Amritsar. With this expansion, the platform now covers 10 of India's top culinary destinations, capturing the rich diversity of the country's evolving food landscape.

      Since its inception, the Ultimate Restaurant Ratings, supported by Lavazza, has set a new benchmark in restaurant evaluation, using rigorous, anonymous inspections to recognize India's most outstanding dining establishments.

      This year, 40 new restaurants earned Ultimate stars for the first time, while six restaurants were promoted from 3 to 4 stars. One restaurant entered directly into the elite 5-star category in its first year—an achievement reserved for the very best.

      More than 200 of India's top restaurateurs, chefs, and team members flew into Bengaluru for the Ultimate Star Revelation Ceremony 2025, making it an unparalleled gathering never before seen in India. The event was a landmark moment for Indian gastronomy, proving that India finally has the 'Stars That Matter.' This year, the Ultimate Restaurant Ratings honored: • 66 restaurants with 3 stars • 22 restaurants with 4 stars • 4 restaurants with the highest 5-star distinction HIGHLIGHTS OF THE NIGHT Special Award Winners • Iconic Restaurant of the Year: Vidhyarthi Bhavan, Bengaluru • Opening of the Year: Banng, Delhi NCR • Restaurant Manager of the Year: Mirelle Pingfu, Mumbai • Mixologist of the Year: Arijit Bose, Bengaluru • Sustainable Restaurant of the Year: Naar, Kausali 5-Star Winners (4 Restaurants) • Bengaluru: Farmlore • Chennai: Avartana • Delhi NCR: Indian Accent • Mumbai: Papa's (New Addition) 4-Star Winners (22 Restaurants) Bengaluru: Karavalli, Lupa, Naru Noodle Bar Chennai: Kappa Chakka Kandhari, Southern Spice Delhi NCR: Bukhara, Dum Pukht, INJA, Megu, The China Kitchen Goa: Cavatina, Hosa, Praça Prazeres Kochi: Karthiyayini, Restaurant Chef Pillai Kolkata: 6 Ballygunge Place, Avartana Mumbai: Americano, Ekaa, Masque, O Pedro, Trèsind 3-Star Winners (66 Restaurants) Amritsar: Beera Chicken House, Kulwant Singh Kulchian Wale, Grain by Elgin, Kesar Da Dhabha, Makhan Fish and Chicken Corner, Phulkari Bengaluru: Bengaluru Oota Company, Central Tiffin Room, Kappa Chakka Kandhari, Kopitiam Lah, Nāvu, Wabi Sabi Bhopal: Hakeem's, Shahnama, Shri Balaji Namkeen, Under the Jamun Tree Chennai: Erode Amman Mess, The Farm, Gossip Bistro Delhi NCR: Comorin, Dhilli, Loya, Olive Bar & Kitchen, Omo, Tres, Shang Palace, Swan Goa: Bawri, Bomras, Izumi, Jamun, Slow Tide, The Second House, Grumps, Heliconia, Petisco Hyderabad: Aidu, Dum Pukht Begum's, Once Upon A Time, Simply South, The Spicy Venue, Rü Kochi: Grand Pavilion, Malabar Cafe, Paragon, Rice Boat Kolkata: Royal Indian Restaurant, Sienna, Sonar Tori, The Blue Poppy Thakali, Popo's Mumbai: Avartana, Indian Accent, Izumi, La Loca Maria, Masala Library by Jiggs Kalra, Mizu Izakaya, Shree Thaker Bhojanalay, Soam, Swati Snacks, The Bombay Canteen, Wasabi by Morimoto, Bandra Born, Otra, Seefah, The Table Vir Sanghvi, Chairman of Culinary Culture, said: "At Culinary Culture, we've always pioneered initiatives that shape and elevate India's F&B industry. From launching the country's first-ever street food awards to creating India's first chef ranking platform, our mission has remained consistent—to celebrate excellence in a way that's honest, transparent, and free of bias. The Ultimate Restaurant Ratings is another game-changing first for India, and we're thrilled by the overwhelming response it has received. I'm especially excited about expanding to Amritsar, Bhopal, Kochi, and Hyderabad this year—cities rich in culinary heritage that have long deserved national recognition. What's been particularly heartening is how our plaques are now being proudly displayed by restaurants across the country—symbols that diners have come to trust. When people see an Ultimate plaque with stars, they know they're stepping into a place that has earned it purely on merit. We hope restaurants continue to honour this responsibility and keep delivering joy, integrity, and excellence to every guest who walks through their doors." Raaj Sanghvi, CEO of Culinary Culture, added: "This is the first and only rating platform of its kind in India—dynamic, anonymous, and entirely merit-based. Restaurants are re-evaluated regularly, which means they can gain or lose stars based purely on consistency and performance. That's why the best in the industry show up—because they know these are the only stars that truly matter. Next year, we plan to take the platform to more cities. There's incredible culinary talent in smaller towns that often goes unrecognised, and it's time we shine a spotlight on them. We'll also continue rotating the host city each year to ensure the industry celebrates excellence across every corner of the country. Through this platform, we hope to showcase the richness of India's culinary culture to the world—and remind ourselves how much we have to be proud of." Mr. A Venu Madhav, CEO of Fresh and Honest Pvt. Ltd. (Lavazza India), said: "Lavazza is proud to partner with Culinary Culture's Ultimate Restaurant Ratings, which stands as India's first and only annual star rating system for restaurants. Lavazza has long been committed to quality and craftsmanship, values that align perfectly with the goals of the Ultimate Restaurant Ratings. Our longstanding tradition of excellence in the coffee industry complements the mission of this pioneering platform in its quest to recognize and reward culinary brilliance. By collaborating with Culinary Culture's Ultimate Restaurant Ratings, we are proud to contribute to the recognition of outstanding culinary achievements and the promotion of India's vibrant culinary culture." The Ultimate Restaurant Ratings is proudly supported by Lavazza, Johnnie Walker, Veeba, Bisleri Vedica, and Newby Tea—brands that share the vision of elevating India's vibrant F&B industry.

      How the Ratings Work India's first and only restaurant rating system of its kind, the Ultimate Restaurant Ratings follows a meticulous, anonymous, and merit-based evaluation process, making it a trusted benchmark for Indian gastronomy.

      3 Stars – Very Good 4 Stars – Excellent 5 Stars – The Ultimate Unlike traditional restaurant awards in India—many of which are influenced by sponsorships, advertising pressures, or fees paid by restaurants for nominations—Culinary Culture's rating system is built on integrity. Each restaurant is evaluated anonymously by full-time referees through a rigorous multi-stage process, which includes nominations, anonymous screenings by Food Referees, in-depth debates, and a final distillation process to ensure only the most deserving establishments receive recognition.

      The platform remains entirely independent and does not accept any fees from restaurants for nominations or inclusion.

      About Culinary Culture Culinary Culture is India's definitive voice in food, co-founded by Vir Sanghvi and Sameer Sain. As the country's only authoritative, independent, and unbiased rating organization, it celebrates culinary excellence at every level—from fine dining to street food. Beyond ratings, Culinary Culture is known for bringing the world's most celebrated chefs to India, including Massimo Bottura, Virgilio Martinez, Mauro Colagreco, Alain Ducasse, and Heston Blumenthal, while also providing a global platform for Indian chefs. It owns several pioneering intellectual properties, including FoodSuperstars, Culinary Conversations, and StreetFoodSuperstars, and creates engaging culinary content throughout the year, shaping the future of India's culinary landscape.

      Join India's Culinary Revolution! Follow us on Instagram: @CulinaryCultureCo Visit: www.CulinaryCulture.co For PR & Media Inquiries: Nikhila Palat +91 98200 33396 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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