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    Government Extends Additional NPS Investment Choices to Employees of Central Autonomous Bodies (CABs)
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    Axis Direct Issues Investor Advisory Against Fake Trading Groups and Impersonation Fraud
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    July 7, 2026
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    NPS investment flexibility expands as additional life cycle fund choices are extended to eligible Central Autonomous Body employees.
    Additional NPS investment choices have been extended to employees of Central Autonomous Bodies covered under the National Pension System. The earlier notification introducing two life cycle funds for Central Government employees is now made available to eligible CAB employees under revised names and investment parameters. The choices provide greater flexibility in pension investment and are to be disseminated by administrative authorities and implemented in the Central Recordkeeping Agency system.
    July 7, 2026
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    Experiential dining expansion as TGI Fridays launches a flagship microbrewery concept in India through strategic franchise partnerships.
    TGI Fridays expanded its India presence with the launch of a flagship outlet at Ambience Mall, Vasant Kunj, presented as the world's first TGI Fridays microbrewery. The concept combines the brand's American dining format with in-house craft brewing, handcrafted cocktails, live brewing and contemporary interiors, and is positioned as a differentiated experiential destination for the Indian market. The launch was executed through Bistro Hospitality Pvt. Ltd., the master franchisee for India, in partnership with Feastary Hospitality LLP, the exclusive franchise partner for North India.
    July 7, 2026
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    Investor fraud alerts warn against impersonation scams, fake trading groups and unverifiable investment offers using brand identity.
    Investor advisory cautions against fraudulent entities and impersonation scams misusing the name, logo and brand identity of Axis Securities and Axis Direct to promote fake investment opportunities. Investors are advised to independently verify all investment-related communication, payment requests and offers through official channels before acting. Warning signs include unofficial groups, unauthorised stock tips, requests for transfers to personal or unverified accounts, unrealistic return promises, unfamiliar applications, confidential information requests and unverifiable documents or approvals.
    July 7, 2026
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    Export market access boosts women-led horticulture in Jharkhand through APEDA-facilitated Amrapali mango shipments to Dubai.
    APEDA facilitated the commercial export of Amrapali mangoes from Jharkhand to Dubai through women-led Farmer Producer Companies, connecting tribal and rural producers with overseas retail markets. The export was supported by coordinated participation of APEDA, state and district administrations, exporters and development institutions, and was accompanied by capacity-building on international quality standards, post-harvest handling, export procedures and institutional awareness for export readiness.
    July 7, 2026
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    Risk-mitigation credit support under ECLGS 5.0 boosts liquidity for MSMEs and other businesses.
    Emergency Credit Line Guarantee Scheme 5.0 provides risk-mitigation support to lending institutions for extending additional credit to businesses affected by external geopolitical disruption. The scheme offers 100% guarantee coverage for additional loans to MSMEs and 90% coverage for other business segments, with the objective of improving liquidity, easing cash-flow disruption, and enabling member lending institutions to lend with greater confidence. A nationwide outreach programme is also underway to improve awareness and support implementation.
    July 7, 2026
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    Responsible AI governance gains momentum as HCLTech secures ISO/IEC 42001:2023 certification for enterprise AI management.
    HCLTech obtained ISO/IEC 42001:2023 certification for its Enterprise Artificial Intelligence Management System, covering AI lifecycle processes and AI-enabled services. The certification validates a Responsible AI framework focused on governance, risk management, transparency, fairness, accountability and continuous improvement, and is said to align with evolving global regulatory requirements, including the EU AI Act.
    July 7, 2026
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    Digital lending and electric vehicle financing drive Moongipa Capital Finance's strategic expansion and technology-led growth.
    Moongipa Capital Finance Ltd., an RBI-registered NBFC-ICC, has announced a strategic expansion centred on digital transformation and entry into electric vehicle financing. The company is strengthening its lending model through a technology-enabled ecosystem intended to support faster credit decisions, paperless onboarding, workflow automation, loan origination, servicing, and customer engagement, while stating that underwriting, pricing, compliance, and credit approval remain its own responsibility in line with RBI Digital Lending Guidelines.
    July 7, 2026
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    Co-lending and financial inclusion can expand affordable credit, improve last-mile delivery and support underserved borrowers.
    Co-lending between banks and NBFCs is presented as a mechanism for expanding affordable formal credit to underserved borrowers and advancing financial inclusion. The framework is said to combine banks' low-cost capital and balance-sheet strength with NBFCs' local market knowledge and last-mile distribution, improving access, speeding disbursement and reducing dependence on informal finance. The RBI's co-lending framework is described as providing clarity on governance, risk-sharing and customer protection.
    July 7, 2026
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    Leather and footwear exports urged to grow through FTAs, market diversification, stronger standards and sustainability.
    Leather and footwear exporters are urged to pursue three-fold growth and raise exports to at least USD 15 billion by using Free Trade Agreements, diversifying destination markets and strengthening quality, design, branding, sustainability and scale. The sector is also encouraged to deepen institutional and technical capabilities through leather development centres, design and packaging institutions, quality and standards bodies, and advanced testing laboratories, while improving worker training, product standards, safe manufacturing and sustainability.
    July 7, 2026
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    Energy statistics harmonization advances with new methodologies for coal, biofuels, captive electricity and electric vehicle data gaps.
    Strengthening India's energy statistics framework requires harmonized definitions, classifications, conversion factors and estimation methods across line ministries to improve consistency, comparability and international alignment. The committee recommended adoption of standard industrial and energy-product classifications, along with uniform conversion factors, for collection and dissemination of energy statistics, and proposed methodologies to refine sectoral end-use consumption estimates for coal and electricity using the Annual Survey of Industries database. The report further identified significant gaps in biofuel consumption data and in capturing electricity consumption through captive or off-grid modes and by electric vehicles. For these areas, it proposed initial methodological frameworks to be refined for incorporation into the energy-balance database.
    July 7, 2026
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    Bilingual online management education expands access while preserving academic rigour through structured learning and accountable evaluation.
    IIM Udaipur virtually inaugurated its BBA Program as a bilingual, online-enabled management education initiative designed to widen access while maintaining academic rigour. The program combines digital delivery with offline examinations, faculty-led structured learning, regular assessment and scholarship support, and was presented as a model for accessible yet high-quality management education.
    July 7, 2026
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    Provident fund payment integration streamlines digital statutory compliance through EPFO portal transactions and instant challan confirmation.
    IDFC FIRST Bank has been integrated with the Employees' Provident Fund Organisation platform to facilitate provident fund payments through its retail and corporate internet banking channels. The arrangement enables establishments to create challans on the EPFO portal, select the bank as payment option, complete transactions digitally, and obtain real-time confirmation and instant challan downloads for reconciliation and record-keeping.
    July 6, 2026
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    Bail in sexual harassment and forced conversion allegations turns on grave accusations, witness tampering risk, and coercion claims.
    Bail proceedings arose from allegations of sexual harassment, deceitful sexual relations, caste-based abuse, and attempts to coerce religious conversion against employees connected with a TCS unit in Nashik. One accused was granted bail, another was denied bail on the ground that the accusations were grave and that the possibility of tampering with evidence, intimidating witnesses, or fleeing from justice could not be ruled out; a reasoned order on the woman accused's bail was not available in the text, though she had sought bail on the ground of pregnancy.
    July 6, 2026
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    Landing and parking charges waiver for domestic flights at major airports is reported to have lapsed without extension.
    Landing and parking charges at major airports were reduced by 25 per cent for domestic flights for a three-month period under the civil aviation ministry's directive, implemented by AERA in response to West Asia turmoil and related airline financial stress. Airport operators have not received any extension order, and the reduced aeronautical tariff is reported to have lapsed.
    July 6, 2026
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    Forged GST invoices and hawala routing allegedly enabled a border smuggling and money-laundering network for areca nut trade.
    An alleged organised syndicate smuggled foreign-origin areca nut across the India-Myanmar border and channelled the proceeds through a laundering network using forged GST invoices, bogus supplier and buyer entities, false transport documents and hawala routes. The alleged operation involved suppliers in Mizoram, facilitators in Assam, consignees and financiers in West Bengal and Uttar Pradesh, and an invoicing entity in Kolkata said to have enabled circular trading. The investigation, conducted under the Prevention of Money Laundering Act, involved multi-state searches and the seizure or freezing of diaries, title deeds, property documents, cash and bank accounts.
    July 6, 2026
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    Rupee depreciation against the US dollar reflects dollar strength, rate-hike expectations, and foreign exchange reserve pressures.
    The rupee depreciated against the US dollar as the strengthening greenback weighed on emerging market currencies, despite firm domestic equities and softer crude oil prices. Market participants cited expectations of a further US rate hike, importer hedging demand, and dollar strength as key influences. The report also noted foreign institutional inflows into equities and observed that fresh inflows may support reserve rebuilding rather than allowing the rupee to appreciate sharply. India's foreign exchange reserves declined in the latest weekly update after a prior increase.
    July 6, 2026
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    India-EFTA TEPA expands seafood market access through tariff concessions, export facilitation, and new investment opportunities for exporters.
    India-EFTA TEPA is described as a trade and investment framework that expands market access for Indian seafood exporters through tariff concessions, export facilitation, regulatory alignment and investment collaboration. The agreement is said to support technology transfer, joint ventures and opportunities across the seafood value chain, while discussions focused on compliance requirements, quality standards and strategies for strengthening exports to EFTA markets.
    July 6, 2026
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    Offer for sale drives NSE's planned public issue, with major shareholders set to divest equity.
    The National Stock Exchange is targeting a large initial public offering in September through an offer for sale of 14.89 crore equity shares, with existing shareholders proposed to divest nearly 6 per cent of the exchange's equity. The issue is expected to value the exchange at over Rs 5 lakh crore, and the exchange is preparing for the public issue by beginning roadshows and appointing merchant bankers, legal advisers and other intermediaries. Major selling shareholders include several institutional investors and public sector entities, while Life Insurance Corporation of India is not participating in the share sale.
    July 6, 2026
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    Bilingual management education expands access through digital learning, hybrid teaching and practical industry exposure for students.
    Technology-enabled bilingual management education was presented as a means of widening access to quality education and reducing the rural-urban divide through an online bilingual BBA programme in Hindi and English. The programme was said to extend management education through digital platforms while maintaining accountability through offline examinations. Strengthening measures included regular physical interaction, soft-skill development, experiential learning through factory, port and industrial-cluster visits, and adoption of global best practices, including digital tools, credit transfers, joint programmes and research internships.
    July 6, 2026
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    Rupee depreciation against the US dollar reflects a stronger greenback, rate-hike expectations, and range-bound trading.
    The rupee depreciated against the US dollar amid a firmer greenback and broader pressure on emerging market currencies, closing at 95.38 after trading within a narrow intraday range. Market commentary attributed the movement to expectations of a further US rate hike, while domestic equity strength and lower crude prices provided some support. Foreign exchange conditions were also influenced by developments in India's external buffers, with forex reserves declining in the latest reporting week after a prior increase.

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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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