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    Rupee falls 39 paise to 95.77 against US dollar in early trade
    Union Minister of Commerce & Industry Shri Piyush Goyal to Lead High-Level Business Delegation to Spain, Belgium and Finland from 13–17 July 2026
    Dr S C Deb Homeo targets Rs 100 crore revenue by FY'31
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    India's Russian crude imports hit record in Jun even as Moscow's oil revenues slip
    Cluster Industrial Locations and Benefits of Private Aviation
    Ex-WB minister Sujit Bose funnelled municipality 'scam' funds into his restaurant, bar, flats: ED
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    Assam Budget: Planters, traders say subsidy, incentive proposals to boost tea sector
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    Department of Commerce Organises Chintan Shivir on Strengthening India's Electronics Manufacturing and Export Competitiveness
    FIU-IND case regarding large-scale cyber fraud recognised as runner-up at Best Egmont Case Award (BECA) 2026 during the Egmont Group Plenary in Baku, ...
    Ladakh set to export 1,000 MT of apricots to Dubai; first shipment to be dispatched next week
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    July 13, 2026
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    Rupee weakness tracks higher crude oil prices as geopolitical tensions, dollar strength and weak equities pressure sentiment.
    The rupee weakened in early trade against the US dollar amid higher crude oil prices and renewed geopolitical tensions affecting global oil supplies. Dealers linked the fall to a sharp rise in Brent crude and a stronger dollar index, while domestic equities also opened lower. The report further notes net foreign institutional buying in equities and a rise in the country's forex reserves during the latest reporting week.
    July 13, 2026
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    Trade and technology cooperation drives India's business delegation visit to Spain, Belgium and Finland.
    India's Commerce and Industry Minister will lead a high-level business delegation to Spain, Belgium and Finland to advance trade, investment, technology, innovation and sustainability. The visit includes bilateral meetings, business roundtables and site visits focused on bilateral trade, the proposed India-European Union Free Trade Agreement, foreign direct investment opportunities, trade facilitation, sustainable technologies, resilient supply chains and industrial collaboration.
    July 12, 2026
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    Homoeopathic medicine expansion drives growth through capacity upgrade, export growth, new markets, and an ophthalmic division.
    Homoeopathic medicine manufacturer Dr S C Deb Homeo Research Laboratory plans major capacity expansion, an ophthalmic division, stronger domestic presence and wider exports to support revenue growth. The company also intends to promote homoeopathy through research, public awareness, affordable medicines, and a proposed homoeopathic medical college and hospital.
    July 12, 2026
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    Duty-free market access and social security exemption under the India-UK trade pact benefit exporters and professionals.
    India-UK free trade agreement to allow all Indian exports to enter the British market duty-free from July 15, benefiting exporters, farmers, fishermen, MSMEs and domestic industries. The pact also covers merchandise, goods and services, and is stated to strengthen trade and economic ties between India and the UK. It further includes a Double Contribution Convention exempting Indian professionals working in the UK for up to five years from British social security contributions, with savings directed to provident fund accounts in India.
    July 12, 2026
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    Regulatory oversight of airfares and securities relief in the Sahara OFCD matter set for Supreme Court hearing.
    The Supreme Court is scheduled to hear a challenge by SEBI against a Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd. in the OFCD matter. It is also scheduled to hear a plea seeking regulatory guidelines to curb unpredictable fluctuations in airfares and ancillary charges imposed by private airlines.
    July 12, 2026
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    SEBI jurisdiction over OFCD public offer remains central as the Supreme Court hears Sahara-linked challenge.
    SEBI has challenged before the Supreme Court the part of the Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd. The tribunal had held that the OFCDs issued by SICCL constituted a public offer within SEBI's jurisdiction, dismissed the company's and directors' appeals, and separately allowed the appeal of the officials on the ground that employees could not be held liable for the company's acts.
    July 12, 2026
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    Russian crude imports and refined-fuel trade shape India's role in global oil flows amid sanctions and exemptions.
    India's imports of Russian crude oil rose to a record level in June, driven by higher deliveries to major Indian refineries, while Russia's crude export revenues declined because of weaker prices. The report also noted that India remained a significant channel in global trade flows of refined products made from Russian crude, including exports from Indian refineries to sanctioning jurisdictions, and that shipments refined from Russian crude continued to reach EU and UK ports under the reported trade conditions.
    July 11, 2026
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    Private aviation eases industrial cluster connectivity with direct access, flexible schedules, and secure business travel.
    Private aviation is presented as a connectivity solution for India's industrial clusters and economic corridors, where many high-productivity zones lack regular commercial air access. The article highlights the operational difficulty caused by dependence on distant metro airports, inflexible airline schedules, multi-stage travel, and the absence of practical same-day return connectivity. Business aviation is described as enabling direct travel to nearby airstrips and remote airports serving industrial zones, with advantages said to include faster movement, time efficiency, schedule flexibility, and secure and confidential cabin space for sensitive discussions.
    July 11, 2026
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    Money laundering through recruitment scam proceeds allegedly funded hospitality businesses, flats and illegal municipal appointments.
    Alleged proceeds of crime from a municipality recruitment scam were channelled into hospitality businesses and property acquisitions through cash sales, capital contributions, unsecured loans and shell-company borrowings. The Enforcement Directorate also alleged manipulation of municipal recruitment, illegal appointments in exchange for pecuniary gain, and abuse of position to regularise appointments without mandatory documents under applicable government guidelines, forming the second prosecution complaint under the Prevention of Money Laundering Act.
    July 11, 2026
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    Farmer-centric tractor manufacturing milestone as Sonalika highlights in-house production, automation, and global export growth.
    Sonalika Tractors marked a production milestone by rolling out its 20 lakhth tractor from its integrated manufacturing plant at Hoshiarpur, while highlighting its 30-year growth from its first tractor in 1996 to a global export business serving more than 150 countries. The company attributed its expansion to farmer-centric product development, Indian engineering, in-house manufacturing capability, automation, robotics, and extensive testing standards aimed at performance, durability, and reliability.
    July 11, 2026
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    Tea sector support measures in Assam Budget aim to boost exports, cut costs, and strengthen worker welfare.
    Assam Budget 2026-27 proposes tea sector support measures including export and production subsidies, tax relief for small tea growers, restoration of tax for larger assessees, lower VAT on piped natural gas, and welfare-linked spending for tea garden communities. The budget also strengthens incentives, healthcare, tea tourism and social infrastructure in tea garden areas.
    July 11, 2026
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    Identity theft in loan fraud rackets highlights misuse of Aadhaar, PAN and mule accounts to obtain fraudulent credit.
    Cyber fraud syndicate allegedly obtained personal loans by misusing Aadhaar and PAN details, including by changing Aadhaar-linked mobile numbers without the victims' knowledge. Police investigation indicates the use of mule accounts to route fraud proceeds and shows misuse of documents of around 50 victims to obtain loans from private non-banking financial companies.
    July 11, 2026
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    Electronics export competitiveness gains focus as policy dialogue highlights stable frameworks, global value chains and export facilitation priorities.
    Policy dialogue on strengthening India's electronics manufacturing and export competitiveness centred on the need for a stable and predictable framework to support export-oriented production, particularly in the context of global value chains. The consultation brought together government, industry and export promotion stakeholders to discuss balanced and actionable policy recommendations aimed at reinforcing India's position as a globally competitive electronics manufacturing and export hub. Key priority areas included greater integration of MSMEs into global value chains, harmonisation of HS Codes, closer coordination with Customs to reduce product misclassification and facilitate smoother exports.
    July 11, 2026
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    Cyber fraud intelligence exposes cross-border money laundering through mule accounts and cryptocurrency, prompting coordinated anti-money laundering enforcement action
    Financial intelligence analysis of a large-scale cyber fraud uncovered a sophisticated money-laundering network involving approximately Rs.868 crore in proceeds, more than 5,000 mule bank accounts, and cross-border cryptocurrency transactions. Cross-border intelligence exchange helped trace the cryptocurrency movements and identify the international money-laundering trail. The analysis supported enforcement measures under the Prevention of Money Laundering Act, 2002, including searches, seizure of cash and cryptocurrency, attachment of assets, and filing of two prosecution complaints.
    July 10, 2026
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    Fresh apricot export logistics drive in Ladakh prioritises cold chain management, quality certification and timely farmer payments.
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    July 10, 2026
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    Ethanol-blended petrol programme drives forex savings, farm income support and cleaner fuel policy through expanded blending and feedstock use.
    The ethanol-blended petrol programme has expanded ethanol use, supported the sugar economy and improved payments to farmers. It is said to have saved foreign exchange by substituting crude oil imports, reduced carbon emissions, and created new demand for surplus crops. Maize has emerged as a major feedstock, and flex-fuel vehicles and a wider fuel road map are described as part of the policy direction.
    July 10, 2026
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    Rupee gains on weaker dollar, softer crude and strong equity sentiment amid expectations of RBI support.
    The rupee appreciated against the US dollar in interbank trade, supported by a weaker dollar index, easing crude oil prices, improved risk appetite in global markets and positive domestic equity sentiment. Market participants also noted that continued foreign portfolio inflows and buying by oil companies and importers influenced intraday movement, while traders expected the currency to trade within a defined near-term range.
    July 10, 2026
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    Poor fiscal management and legislative neglect draw opposition criticism over Maharashtra's budget, infrastructure, education, and power-sector concerns.
    Opposition parties criticised the Maharashtra government for poor fiscal management, limited legislative discussion, and reliance on supplementary demands that they said exposed flaws in the original budget. They also alleged governance failures in infrastructure, education, temple administration, examinations, and the power sector, including issues linked to the Mumbai-Pune Expressway's Missing Link project, unpaid contractor dues, and schools lacking basic facilities.
    July 10, 2026
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    Foreign exchange reserves rise as higher currency assets, gold holdings and IMF-related balances lift India's reserve position.
    India's foreign exchange reserves increased during the week ended 3 July 2026, according to the Reserve Bank of India, with higher foreign currency assets and gains in gold reserves contributing to the rise. Special drawing rights and the reserve position with the IMF also increased. The report notes that foreign currency assets are affected by valuation changes in non-US currencies, and refers to earlier reserve volatility linked to pressure on the rupee and RBI intervention through dollar sales.
    July 10, 2026
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    FCV tobacco marketing support reviewed with focus on procurement, exports, digital reforms and grower welfare.
    Measures for the Andhra Pradesh Flue Cured Virginia (FCV) tobacco marketing season 2025-26 were reviewed in consultation with growers, manufacturers, exporters, dealers, trade associations and the Tobacco Board. The discussions focused on accelerating procurement, facilitating exports and strengthening the marketing ecosystem for FCV tobacco, while protecting growers' interests. The review also covered restructuring of the Tobacco Board, enhancement of the Growers' Welfare Fund, simplification of registration procedures, digital initiatives, AI-based grading, export market expansion and crop diversification.

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      Trump administration makes major cuts to Native American boarding school research projects

      April 19, 2025

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      Washington, Apr 19 (AP) At least USD 1.6 million in federal funds for projects meant to capture and digitise stories of the systemic abuse of generations of Indigenous children in boarding schools at the hands of the US government have been slashed due to federal funding cuts under President Donald Trump's administration.

      The cuts are just a fraction of the grants cancelled by the National Endowment for the Humanities in recent weeks as part of the Trump administration's deep cost-cutting effort across the federal government. But coming on the heels of a major federal boarding school investigation by the previous administration and an apology by then-President Joe Biden, they illustrate a seismic shift.

      “If we're looking to Make America Great Again,' then I think it should start with the truth about the true American history,” said Deborah Parker, CEO of the National Native American Boarding School Healing Coalition.

      The coalition lost more than USD 282,000 as a result of the cuts, halting its work to digitise more than 100,000 pages of boarding school records for its database.

      Parker, a citizen of the Tulalip Tribes in Washington state, said Native Americans nationwide depend on the site to find loved ones who were taken or sent to these boarding schools.

      Searching that database last year, Roberta “Birdie” Sam, a member of Tlingit and Haida, was able to confirm that her grandmother had been at a boarding school in Alaska.

      She also discovered that around a dozen cousins, aunts and uncles had also been at a boarding school in Oregon, including one who died there. She said the knowledge has helped her with healing.

      “I understand why our relationship has been the way it has been. And that's been a great relief for myself," she said. "I've spent a lot of years very disconnected from my family, wondering what happened. And now I know — some of it anyways.” An April 2 letter to the healing coalition that was signed by Michael McDonald, acting chairman of the National Endowment for the Humanities, says the “grant no longer effectuates the agency's needs and priorities”.

      The Associated Press left messages by phone and email for the National Endowment for the Humanities. White House officials and the Office of Management and Budget also did not respond Friday to an email requesting comment.

      Indigenous children were sent to boarding schools For 150 years the US removed Indigenous children from their homes and sent them away to the schools, where they were stripped of their cultures, histories and religions, and beaten for speaking their native languages.

      At least 973 Native American children died at government-funded boarding schools, according to an Interior Department investigation launched by former Interior Secretary Deb Haaland. Both the report and independent researchers say the actual number was much higher.

      The forced assimilation policy officially ended with the enactment of the Indian Child Welfare Act in 1978. But the government never fully investigated the boarding school system until the Biden administration.

      In October, Biden apologised for the government's creation of the schools and the policies that supported them.

      Haaland, a Laguna Pueblo citizen who's running for governor in New Mexico, described the recent cuts as the latest step in the Trump administration's “pattern of hiding the full story of our country”. But she said they can't erase the extensive work already done.

      “They cannot undo the healing communities felt as they told their stories at our events to hear from survivors and descendants,” she said in a statement.

      “They cannot undo the investigation that brings this dark chapter of our history to light. They cannot undo the relief Native people felt when President Biden apologized on behalf of the United States.” Boarding school research programs are feeling the strain Among the grants terminated earlier this month was USD 30,000 for a project between the Koahnic Broadcast Corporation and Alaska Native Heritage Centre to record and broadcast oral histories of elders in Alaska. Koahnic received an identical letter from McDonald.

      Benjamin Jacuk, the Alaska Native Heritage Centre's director of Indigenous research, said the news came around the same time they lost about USD 100,000 through a Institute of Museum and Library Services grant for curating a boarding school exhibit.

      “This is a story that for all of us, we weren't able to really hear because it was so painful or for multitudes of reasons,” said Jacuk, a citizen of Kenaitze Indian Tribe.

      "And so it's really important right now to be able to record these stories that our elders at this point are really opening up to being able to tell.” Former Assistant Secretary of Indian Affairs Bryan Newland described the cuts as frustrating, especially given the size of the grants.

      “It's not even a drop in the ocean when it comes to the federal budget,” said Newland, a citizen of the Bay Mills Indian Community (Ojibwe). “And so it's hard to argue that this is something that's really promoting government efficiency or saving taxpayer funds.” In April 2024, the National Endowment for the Humanities announced that it was awarding USD 411,000 to more than a dozen tribal nations and organisations working to illustrate the impact of these boarding schools. More than half of those awards have since been terminated.

      The grant cuts were documented by the non-profit organization National Humanities Alliance.

      John Campbell, a member of Tlingit and the Tulalip Tribes, said the coalition's database helped him better understand his parents, who were both boarding school survivors and “passed on that tradition of being traumatised”.

      When he was growing up, his mother used to put soap in his mouth when he said a bad word. He said he learned through the site that she experienced that punishment beginning when she was 6-years-old in a boarding school in Washington state when she would speak her language.

      “She didn't talk about it that much," he said. “She didn't want to talk about it either. It was too traumatic.” (AP) PY PY

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