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    Rupee falls 8 paise to 95.25 against US dollar in early trade
    APEDA Facilitates First-Ever Export of GI-tagged Mithila Makhana by Sea Route from Bihar to Australia
    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
    No Charges for UPI Users
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    August 10, 2026
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    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
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    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
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    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
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    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    August 10, 2026
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    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
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    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.

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      Kharge slams PM Modi for skipping all-party meet on Pahalgam attack; accuses BJP of trying to divide people

      April 28, 2025

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      Jaipur, Apr 28 (PTI) Congress president Mallikarjun Kharge on Monday lashed out at Prime Minister Narendra Modi for skipping the all-party meeting on the Pahalgam terror attack and accused the BJP of creating divisions in the country.

      Kharge said that in this hour of crisis, everyone wants to fight together, "but the BJP wants to spread venom and divide people".

      "It is the misfortune of the country.... Leaders of all parties attended the all-party meeting, but it is a matter of shame that PM Modi did not come... the country's pride was hurt, you (PM Modi) were giving an election speech in Bihar," Kharge said at the 'Samvidhan Bachao' rally here.

      He said the Congress had decided to support the government in its action as the country is supreme.

      "Country is supreme, then come parties and religion. Everyone should be united for the country," he said, adding that the Congress fought for the country's freedom and lakhs of people had shed their blood and devoted their lives to the cause.

      "Was Bihar far away? The prime minister should have come to the all-party meeting and explained the plan. What help does he need from us?" he said.

      "This is the attitude of the BJP and the prime minister. From our side, Rahul Gandhi went to Srinagar, met the injured, and spoke to the people ...

      "Modi did not come to the all-party meeting, but he talks big -- about having a 56-inch chest, of taking the attack home (ghar mein ghuske marenge)," he said.

      Kharge said that the country and the Constitution have to be protected. It is because of B R Ambedkar's Constitution that "even a common man like a tea seller can become the prime minister and a mill worker's son like me can become the Leader of the Opposition and the Congress President", he said.

      Targeting the prime minister, he said, "Modi gave inflation and unemployment. Such people weaken the country. The 56-inch chest has shrunk." In the run-up to the 2014 Lok Sabha polls, Modi had said that it takes a 56-inch chest to convert Uttar Pradesh into Gujarat in terms of development.

      Alleging misuse of investigative agencies against Congress leaders, Kharge said, "Whenever Congress grows, these people try to suppress it. We are not the ones to be suppressed." He said that BJP leaders were "trying to weaken everyone but they cannot weaken democracy by filing false cases against people".

      Kharge also questioned how the RSS "made properties and buildings". "Where did they get the money to build buildings worth crores and acquire thousands of acres of land," he said.

      When the Congress meeting was held in Ahmedabad, they put pressure by filing a charge sheet against Sonia Gandhi and Rahul Gandhi in the National Herald case, he claimed.

      "Whenever Congress grows, they put pressure. We will not come under pressure. Indira Gandhi and Rajiv Gandhi sacrificed their lives for the country. You people have no role in independence but blame Congress for everything. You take God's name less and abuse Congress daily," he said hitting out at the ruling party.

      Kharge said that in this hour of crisis, everyone wants to fight together but BJP wants to spread venom and divide people.

      "This is their work. We talk about the country, they talk about dividing. We talk about uniting, they talk about breaking. On top of that, they defame us. Every day they wake up and abuse Sonia Gandhi, Rahul Gandhi, Indira Gandhi, Jawaharlal Nehru," he said.

      He said that no one from the Gandhi family has become a Prime Minister, Deputy Prime Minister or Cabinet Minister since 1989.

      "They (BJP leaders) talk about those (Gandhi family) who are not in power," he said.

      Kharge took a swipe at the BJP for not having a majority on its own in the Lok Sabha, saying "both legs of the government were broken". "TDP became one leg and Nitish Kumar became the other leg of the government," he said.

      "Food security, NREGA, rights and education are given by our government. Modi has given inflation and unemployment. Such people weaken the country.

      "If you have a chance and time, then develop the country... work like Jawahar Lal Nehru and Indira Gandhi. Instead of that, you wake up and abuse us every day. These people are scared of Congress," he said.

      He said that the previous Congress government in Rajasthan gave schemes like Chiranjivi health insurance cover of Rs 25 lakh but the BJP government has reduced it to Rs 5 lakh.

      "They elect such a CM - if he is told to sit, he sits down and if he is told to stand up, he stands up. When our Leader of Opposition went to a temple, a BJP leader washed the temple with Ganga water. Is this what the BJP or Hinduism teaches?" he said.

      He said that Dalits and backward people dig wells and ponds but are deprived of their water. They make idols from stone, but they are not allowed to touch the idols in the temple.

      Kharge claimed that Modi's "12 major lies included bringing black money in 100 days, giving Rs 15 lakh to bank accounts, 2 crore jobs every year, making petrol and diesel cheaper, doubling farmers income and a guarantee of MSP".

      He said that 30 lakh vacancies are lying with the government, but it is not filling them "because Dalits and backward classes will get a chance".

      "If Modi had a big heart and a spirit of service, he could have done it," he said.

      He said that the post of PM is that of a statesman but Modi only keeps criticising the Congress.

      He said that Rahul Gandhi took out Bharat Jodo Yatra and questioned whether "there was any brave person in the BJP who walked from Kanyakumari to Kashmir, and from Manipur to Mumbai".

      "When Rahul Gandhi showed his real strength, they got worried," he said.

      Kharge said that nationalism is in the blood of Congress members while BJP members are "fake" people.

      He alleged that Union Minister Piyush Goyal challenged the patriotism of 140 crore people in the country.

      "You all have to be cautious. They can fool a few people for a few days but cannot fool all the people forever," Kharge said.

      Former CM Ashok Gehlot, PCC Chief Govind Singh Dotasra, former Deputy CM Sachin Pilot and other leaders also addressed the rally held at Ramlila Maidan in Jaipur. PTI AG SDA RT RT

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