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    DFS Highlights Mechanism for Timely Redressal of Insurance Policyholders’ Grievances
    Forex kitty jumps USD 14.14 bn to USD 707 bn in one of the biggest weekly expansions
    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
    50 tonnes of copper without e-way bills seized by Delhi GST, Railways joint team
    India's exports surge 19.6 pc in Jul; trade deficit widens to six-month high
    CBI ARRESTS CGST SUPERINTENDENT IN BRIBERY CASE
    The cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in Apr...
    Unlimit Mobile Ties Up with ICICI Bank Canada, RBC Royal Bank to Add Mobile Connectivity Benefits to Student GIC Journey
    Standard Chartered Accelerates India's GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
    IFSCA Grants Nexent Capital GIFT City Investment Banking License
    India's exports rise 19.63 pc to USD 44.24 bn in Jul; trade deficit widens to $31.98 bn
    Vizhinjam port to commence EXIM operations from Aug 18: Kerala CM Satheesan
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    August 14, 2026
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    Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
    Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
    August 14, 2026
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    Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
    Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
    August 14, 2026
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    International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
    International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
    August 14, 2026
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    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
    August 14, 2026
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    International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
    IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
    August 14, 2026
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    Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
    Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    August 13, 2026
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    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
    August 13, 2026
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    GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
    GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
    August 13, 2026
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    Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
    Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
    August 13, 2026
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    Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
    Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
    August 13, 2026
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    Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
    India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
    August 13, 2026
    Show AI Summary
    Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
    Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
    August 13, 2026
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    Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
    Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
    August 13, 2026
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    Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
    IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
    August 13, 2026
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    Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
    India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
    August 13, 2026
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    EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
    Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.

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      50 years later, Vietnam's battlefields draw retrospective veterans, other tourists

      April 11, 2025

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      Ho Chi Minh City (Vietnam), Apr 11 (AP) Hamburger Hill, Hue, the Ia Drang Valley, Khe Sanh: Some remember the Vietnam War battles from the headlines of the 1960s and 1970s, others from movies and history books. And thousands of Americans and Vietnamese know them as the graveyards of loved ones who died fighting more than a half-century ago.

      Today the battlefields of Vietnam are sites of pilgrimage for veterans from both sides who fought there, and tourists wanting to see firsthand where the war was waged.

      “It was a war zone when I was here before,” reflected US Army veteran Paul Hazelton as he walked with his wife through the grounds of the War Remnants Museum in Ho Chi Minh City, which was known as Saigon when he served there.

      Hazelton's tour just shy of his 80th birthday took him back for the first time to places he served as a young draftee, including Hue, the former Phu Bai Combat Base on the city's outskirts, and Da Nang, which was a major base for both American and South Vietnamese forces.

      “Everywhere you went, you know, it was occupied territory with our military, now you just see the hustle and bustle and the industry, and it's remarkable," he said.

      “I'm just glad that we're now trading and friendly with Vietnam. And I think both sides are benefiting from it.” The history and the museum recounting it Vietnam's war with the United States lasted for nearly 20 years from 1955 to 1975, with more than 58,000 Americans killed and many times that number of Vietnamese.

      For Vietnam, it started almost immediately after the nearly decade-long fight to expel the colonial French, who were supported by Washington, which culminated with the decisive defeat of French forces at Dien Bien Phu in 1954.

      The end of French Indochina meant major changes in the region, including the partitioning of Vietnam into Communist North Vietnam under Ho Chi Minh, and US-aligned South Vietnam.

      This year marks the 50th anniversary of the fall of Saigon to North Vietnamese and Viet Cong guerrilla troops, and the 30th anniversary of the reestablishment of diplomatic relations between the US and Vietnam.

      Tourism has rebounded rapidly since the COVID-19 pandemic and is now a critical driver of Vietnam's growth, the fastest in the region, accounting for roughly one in nine jobs in the country. Vietnam had more than 17.5 million foreign visitors in 2024, close to the record 18 million set in 2019 before the pandemic.

      The War Remnants Museum attracts some 500,000 visitors a year, about two-thirds of whom are foreigners. Its exhibits focus on American war crimes and atrocities like the My Lai massacre and the devastating effects of Agent Orange, a defoliant widely used during the war.

      The US was to open the first exhibit of its own at the museum this year, detailing Washington's extensive efforts to remediate wartime damage, but it is indefinitely on hold after the Trump administration slashed foreign aid.

      Other wartime sites in Saigon, which was the capital of South Vietnam, include the South Vietnamese president's Independence Palace where North Vietnamese tanks famously crashed through the gates as they took the city and the Rex Hotel where the US held press briefings derisively dubbed the Five O'clock Follies for their paucity of credible information.

      On the northern outskirts of the city are the Cu Chi tunnels, an underground warren used by Viet Cong guerrillas to avoid detection from American planes and patrols, which attracts some 1.5 million people annually.

      Today visitors can climb and crawl through some of the narrow passages and take a turn at a firing range shooting targets with war-era weapons like the AK-47, M-16 and the M-60 machine gun known as "the pig" by American troops for its bulky size and high rate of fire.

      “I can understand a bit better now how the war took place, how the Vietnamese people managed to fight and protect themselves,” said Italian tourist Theo Buono after visiting the site while waiting for others in his tour group to finish at the firing range.

      Former North Vietnamese Army artilleryman Luu Van Duc remembers the fighting firsthand, but his visit to the Cu Chi tunnels with a group of other veterans provided an opportunity to see how their allies with the Viet Cong lived and fought.

      “I'm so moved visiting the old battlefields — it was my last dying wish to be able to relive those hard but glorious days together with my comrades,” the 78-year-old said.

      “Relics like this must be preserved so the next generations will know about their history, about the victories over much stronger enemies.” Outside the city The former Demilitarised Zone where the country was split between North and South in Quang Tri province saw the heaviest fighting during the war, and drew more than 3 million visitors in 2024.

      On the north side of the DMZ, visitors can walk through the labyrinthine Vinh Moc tunnel complex, where civilians took shelter from bombs that the US dropped in an effort to disrupt supplies to the North Vietnamese.

      The tunnels, along with a memorial and small museum at the border, can be reached on a day trip from Hue, which typically also includes a stop at the former Khe Sanh combat base, the site of a fierce battle in 1968 in which both sides claimed victory.

      Today, Khe Sanh boasts a small museum and some of the original fortifications, along with tanks, helicopters and other equipment left by US forces after their withdrawal.

      Hue itself was the scene of a major battle during the Tet Offensive in 1968, one of the longest and most intense of the war. Today the city's ancient Citadel and Imperial City, a UNESCO site on the north bank of the Perfume River, still bears signs of the fierce fighting but has largely been rebuilt.

      West of Hue, a little off the beaten path near the border with Laos, is Hamburger Hill, the scene of a major battle in 1969.

      About 500 kilometers (300 miles) to the southwest near the Cambodian border is the Ia Drang valley, where the first major engagement between American and North Vietnamese forces was fought in 1965.

      Fighting in North Vietnam was primarily an air war, and today the Hoa Lo Prison museum tells that story from the Vietnamese perspective.

      Sardonically dubbed the “Hanoi Hilton” by inmates, the former French prison in Hanoi was used to hold American prisoners of war, primarily pilots shot down during bombing raids. Its most famous resident was the late Sen. John McCain after he was shot down in 1967.

      “It was kind of eerie but fascinating at the same time,” said Olivia Wilson, a 28-year-old from New York, after a recent visit.

      “It's an alternative perspective on the war.” (AP) PY PY

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