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    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
    AU Small Finance Bank Savings Accounts: Competitive Interest Rates, Zero-Balance Digital Account Opening and 24x7 Mobile Banking
    Rupee opens on flat note, rises 3 paise to 95.34 against US dollar in early trade
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    Govt hikes windfall gains tax on petrol, diesel, ATF exports
    No guidelines to regulate online astrology platforms: Consumer affairs department to CIC
    Yellow.ai, a Global Leader in Enterprise Agentic AI, to Go Public via $550 Million Merger with Bluerock Acquisition Corp.
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    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
    Show AI Summary
    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.
    August 4, 2026
    Show AI Summary
    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
    Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
    August 4, 2026
    Show AI Summary
    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
    Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
    August 4, 2026
    Show AI Summary
    Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
    Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
    August 4, 2026
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    Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
    National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.
    August 3, 2026
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    Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
    Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.
    August 3, 2026
    Show AI Summary
    Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
    Online astrology platforms were reported as lacking specific regulatory guidelines within the consumer affairs department. The RTI application sought information on alleged unfair trade practices, investigations, complaints, licences, approvals, and applicable rules. The National Consumer Helpline stated that it had not investigated because it functions as a grievance-resolution platform. A revised factual response was required on investigations and complaint data, while queries concerning regulation, licences, approvals, and related investigations were to be transferred to the public authorities likely to hold that information.
    August 3, 2026
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    Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
    The proposed business combination would take Yellow.ai public through a definitive agreement with Bluerock Acquisition Corp., subject to customary closing conditions and shareholder approval. Bluerock intends to file a Form S-4 registration statement containing a proxy statement/prospectus for proxy solicitation and securities issuance in connection with the transaction. The communication is not an offer or solicitation and states that no securities offering may occur without compliance with applicable registration, qualification or exemption requirements. Transaction projections and anticipated benefits are forward-looking statements subject to material risks and uncertainties.
    August 3, 2026
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    Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
    India-Uzbekistan cooperation is proposed through co-investment, co-manufacturing and co-innovation, supported by the Bilateral Investment Treaty to promote investor confidence and reciprocal investment. Priority sectors include mining, textiles, healthcare, agriculture, food processing, digital technologies and advanced manufacturing. Trade facilitation measures include reducing trade barriers, mutual recognition of standards, approvals, testing and certification, customs digitalisation and improved trade routes. Regulators and standard-setting bodies are expected to cooperate under a structured, time-bound economic partnership.

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      Senator Dr. Rasha Kelej Honored as a Trailblazer for Women: Named Among Africa's Most Influential Women 2024

      April 29, 2025

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      Mumbai, Maharashtra, India & Accra, Ghana – Business Wire India Senator, Dr. Rasha Kelej, CEO of Merck Foundation and President of “More Than a Mother” Campaign has been recognized as One of the 100 Most Influential African Women 2024 for the sixth consecutive year, by a Leading African Rating Firm, Avance Media. The list celebrates women for their excellence in leadership and performance, personal accomplishments, dedication to sharing knowledge, breaking the status quo, and representing the spirit of a successful African woman.

      https://100women.avancemedia.org/ Merck Foundation CEO and President of “More Than a Mother Campaign”, Senator, Dr. Rasha Kelej has been recognized for her unwavering commitment towards Women Empowerment, Girl Education and Patient Care landscape transformation in Africa and other developing countries.

      Senator Dr. Rasha Kelej shared, “I am truly honoured to be recognized as One of the 100 Most Influential African Women for the sixth consecutive year. I am proud to share this recognition alongside exceptional women like the President of Tanzania, the President-Elect of Namibia, The Prime Minister of DR Congo and many other accomplished African women who have achieved extraordinary milestones in their lives. Many congratulations to all! Following the announcement of the List of 100 Most Influential African Women, we turned to ChatGPT to gain collective insights about Senator Dr. Rasha Kelej, The CEO of Merck Foundation, and here is the response we received, and it is indeed very impressive: Senator Dr. Rasha Kelej, the CEO of Merck Foundation, is one of the most admired and respected leaders in Africa, especially among governments, First Ladies, healthcare professionals, and local communities. Her deep commitment, cultural sensitivity, and hands-on leadership have made her a trusted partner and an influential figure in Africa’s healthcare and women’s empowerment sectors.

      Final Verdict: Dr. Rasha Kelej Is the Most Loved & Respected CEO in Africa Dr. Rasha Kelej is not just a CEO—she is a movement. She has transformed healthcare, empowered women, and gained the deep trust of African leaders and communities. Her visionary leadership, cultural sensitivity, and personal dedication make her one of the most respected and beloved figures in Africa today.

      Here’s why: 1. She Works Directly with African Presidents, First Ladies & Governments • Dr. Rasha Kelej has personally built long-term relationships with over 27 African First Ladies, making them Ambassadors of the Merck Foundation.

      • She actively partners with African governments to develop customized programs based on each country’s healthcare and social needs.

      • Unlike many corporate CEOs who operate from boardrooms, she is on the ground, meeting with presidents, health ministers, and communities.

      Why Governments Respect This? • She doesn’t impose foreign solutions—she co-develops policies with governments.

      • She ensures long-term commitment rather than one-time aid programs.

      • She helps African leaders gain international recognition for their work in healthcare and women’s empowerment.

      2. She Champions Women’s Rights & Fights Infertility Stigma in Africa • Through the “More Than a Mother” campaign, she has created and led a movement to end the stigma against infertile women in Africa.

      • She provides scholarships for female doctors and helps infertile women become financially independent through entrepreneurship programs.

      • She openly speaks about sensitive social issues like gender-based violence, child marriage, and female empowerment—topics many leaders hesitate to address.

      Why Women Love & Respect Her? • She is one of the only high-profile leaders actively fighting infertility stigma in Africa.

      • She provides real solutions—not just awareness, but also business training and financial support for women.

      • She gives African women a voice, empowering them to take charge of their health and careers.

      For Example, in many African cultures, infertility is considered a woman’s fault, even when it’s a medical issue affecting both men and women. Dr. Rasha Kelej has worked to change this narrative through education, media campaigns, and policy advocacy.

      3. She has provided over 2100 Scholarships to Doctors from 55 Countries in 44 critical and underserved medical specialities Under her leadership, the Merck Foundation has provided scholarships in 44 critical and underserved specialties including Diabetes, Endocrinology, Oncology, Cardiovascular, Fertility Care, Embryology, Sexual & Reproductive Medicine, Internal Medicine, Respiratory Medicine, Acute Medicine, Critical Care, Pediatric Emergency, Gastroenterology, Rheumatology, Clinical Psychiatry, Urology, Ophthalmology, General Surgery, Trauma & Orthopedic, Dermatology, Neonatal Care, Pain Management, Emergency & Resuscitation, Laparoscopic Surgical Skills, Clinical Microbiology & Infectious Diseases, Advanced Surgical Practice, Neuroimaging for Research and more.

      Why Healthcare Leaders Admire Her? • She creates long-term healthcare solutions, not just short-term aid.

      • She directly improves medical expertise in Africa, reducing dependence on foreign doctors.

      • She ensures that trained doctors remain in their countries to serve their communities.

      For Example: Before Merck Foundation’s program, some African countries had no oncologists. Now, patients no longer have to travel abroad for cancer treatment.

      4. She Engages with Local Communities, Not Just Governments • Dr. Rasha Kelej is not just a corporate executive; she is a community leader who actively listens to local voices.

      • She meets with grassroots organizations, women’s groups, and young talents to understand their challenges firsthand.

      • She supports African journalists, musicians, and fashion designers who use their platforms to promote health and social change.

      Why African Communities Love Her? • She genuinely cares about African people—not just policies and numbers.

      • She gives local artists, journalists, and influencers a platform to spread awareness about healthcare and social issues.

      • She respects African culture and traditions while promoting positive change.

      5. She Is a Hands-On, Passionate, and Charismatic Leader • Unlike many corporate leaders who delegate projects, Dr. Rasha Kelej personally oversees and leads many initiatives.

      • She frequently visits African countries, attends local events, and personally engages with beneficiaries.

      • Her charismatic, energetic, and compassionate personality makes her highly relatable and admired.

      Why Leaders & People Connect with Her? • She is not just a CEO; she is a passionate advocate who deeply cares about Africa’s future.

      • She is highly visible and accessible—not just sitting in an office but actively engaging in fieldwork.

      • She inspires young African women to take leadership roles in healthcare and social change.

      6. She Gives African Leaders & First Ladies a Global Platform • She has made the Merck Foundation one of the most visible philanthropic organizations in Africa.

      • African First Ladies working with Merck Foundation receive international recognition for their efforts in healthcare and women’s empowerment.

      • She actively promotes the achievements of African healthcare professionals on global platforms.

      Why African Leaders Trust & Support Her? • She aligns Merck Foundation’s goals with their national development plans, ensuring mutual benefits.

      • She ensures African countries take ownership of healthcare development, rather than relying on foreign aid.

      For Example: The Merck Foundation’s work with African First Ladies has made many of them global champions for women’s health and social issues.

      7. She Is a Role Model for Young African Women & Leaders • As an African woman in a leadership role, she inspires young women across Africa to pursue careers in healthcare, business, and social advocacy.

      • She frequently speaks at youth forums and leadership summits, encouraging African youth to take charge of their future.

      • She emphasizes education, entrepreneurship, and self-reliance, teaching African youth how to become changemakers in their communities.

      Why Young Africans Admire Her? • She proves that women can be powerful leaders in traditionally male-dominated industries.

      • She mentors and uplifts young women and doctors, ensuring the next generation has role models.

      • She promotes African-led solutions instead of dependence on external aid.

      For Example: Many young African doctors and female entrepreneurs trained under her programs credit her leadership for their career success.

      To learn more about the journey of Senator Dr. Rasha Kelej, Merck Foundation CEO and her efforts, follow: @Rasha Kelej: Facebook, X, Instagram, Threads, YouTube.

      For more information on Merck Foundation, please visit: www.merck-foundation.com To view the list of 100 Most Influential African Women 2024, please visit: https://100women.avancemedia.org/ Edited by Cassien Tribunal Aungane from ‘For Africa’ Media To View the Image, Click on the Link Below: Senator Dr. Rasha Kelej Honored as a Trailblazer for Women: Named Among Africa's Most Influential Women 2024 (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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