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    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    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
    Meeting of Heads of National Statistical Offices of BRICS Countries “Quality Statistics as Driver of Change”
    Modernization of National Sample Surveys through adoption of digital platforms such as Computer Assisted Personal Interview (CAPI) integrated with e- ...
    Govt hikes windfall gains tax on petrol, diesel, ATF exports
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    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    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
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    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
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    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
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    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
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    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.

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      Players and Teams Ruling the Roost in IPL 2025

      May 16, 2025

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      In anticipation of the league restart, Parimatch compiled infographics detailing key statistics and facts regarding the progress of IPL 2025 teams New Delhi, Delhi, India (NewsVoir) We will have a look at who is leading the race for the individual awards this season and which players are having the most impact on the pitch in the ongoing IPL season, benefiting their teams in the longer run: #1 Race for the Playoffs: 7 Teams still in the mix; RCB and GT favorites to finish in Top 2 Chennai Super Kings, Sunrisers Hyderabad, and Rajasthan Royals exited the race to the playoffs quite early, allowing the other seven teams to have a neck-to-neck battle, with Royal Challengers Bengaluru and Gujarat Titans slight favorites to finish in the Top 2.

      GT and RCB have raced ahead of the other sides, pocketing 16 points each as both GT and RCB have won eight matches each and lost on three occasions. The Royal Challengers, led by their new skipper Rajat Patidar, have lost all three home matches on their home ground and have the chance to become the first team to win all seven away matches in the league phase of IPL.

      Punjab Kings is in third place with seven wins, three defeats, and one No Result as rain spoiled their party at the Eden Gardens after the Shreyas Iyer-led side had scored 200+ runs in the first innings.

      Mumbai Indians and Delhi Capitals have 14 and 13 points, respectively and would be fighting it out for the last playoff place when they meet on May 21. Kolkata Knight Riders and Lucknow Super Giants remain outside contenders and can sneak in if they win their remaining matches.

      #2 Orange Cap keeps changing hands almost every day The Orange Cap should be renamed the Orange Baton after analyzing the 2025 season of the cash-rich league as the orange cap has continuously shifted between Nicholas Pooran, Sai Sudharsan, Virat Kohli, and Suryakumar Yadav as the four players have kept their sides in the hunt of the playoffs at the end of first week of May.

      Currently, the first and fifth position in the Orange Cap race are spearated by a mere 10 runs as Suryakumar Yadav, the current holder of the coveted award has 510 runs in 12 innings at an average of 63.75 and a strike rate of 170.56, making him the only player to be in Top 5 lists of highest run-getters and highest strike-rates (minimum 100 runs).

      In the second and third place are Sai Sudharsan and GT skipper Shubman Gill with 509 runs and 508 runs respectively at strike rates of 150+. The GT opening pair have recorded three century partnerships in the ongoing season and has been given a huge helping hand by Jos Buttler, who has scored 500 runs at an average of 71.43 and a strike rate of 163.93 and takes the fifth place on the list.

      RCB stalwart Virat Kohli is in fourth place with 505 runs at a strike rate of 143.46 as the chase-master has played the anchoring role for the Bengaluru-based franchise, scoring seven half-centuries in seven out of eight wins for his beloved franchise.

      #3 Prasidh Krishna takes a slight lead in the Purple Cap Race Unlike the Orange Cap, which shifts hands every second day, Prasidh Krishna has had the Purple Cap for a few days as the Bengaluru-born fast bowler has struck 20 wickets in 11 matches, leading the GT bowling attack in the absence of Kagiso Rabada.

      Noor Ahmad has also raced to 20 wickets in 12 matches after taking 4 wickets in the narrow 2-wicket win against KKR, but the Afghan spinner has only two matches left in the competition, which hurts his chances of bagging the individual accolade.

      Josh Hazlewood is in third place with 18 wickets in 10 matches, and the Australian fast bowler would be hoping to shake off his injury ahead of RCB’s next match. Trent Boult and Varun Chakravarthy have 18 and 17 wickets in 12 matches, respectively, while Arshdeep Singh and Vaibhav Arora have 16 wickets each in 11 matches.

      #4 The tale of two home grounds for three franchises While seven franchises have decided to remain loyal to their home ground and the bustling crowds at their preferred venues, three franchises from the northern and western parts of the country have taken a different route.

      Delhi Capitals started the season by playing two of their home fixtures in Vizag as the city in Andhra Pradesh played host to two of DC’s games. Guwahati has also played host to two matches this season as Rajasthan Royals started out their season in the eastern part of the country in a bid to extend the cricketing action to more states, with local boy Riyan Parag acting as the stand-in skipper for RR during that period.

      Punjab Kings had planned to play three of their matches in Dharamsala and four in Mullanpur, but two of their three fixtures scheduled at the HPCA Stadium in Dharamsala will be played elsewhere due to the ongoing tensions at the India-Pakistan border.

      #5 Sunil Narine leads the way for Most Valuable Player Award The 2024 IPL Most Valuable Player Award winner Sunil Narine once again leads the way in the Most Valuable Player Award race as the KKR all-rounder has 237.5 points courtesy of 215 runs at a strike rate of 168 and 10 wickets while keeping his economy rate at 7.5. Narine has proven to be the complete package as he regularly bowls 4 overs and opens the innings as well.

      Suryakumar takes the second position with 228 points courtesy of 510 runs, which include 51 fours and 26 maximums, while Nicholas Pooran takes the third position with 227 points collected via 34 fours and 34 maximums, helping him cross the 400-run mark.

      Yashasvi Jaiswal and Jos Buttler take the fourth and fifth positions courtesy of their good show with the bat and in the field. Except Sudharsan and Gill, Parag, Ravindra Jadeja, and Prabhsimran Singh complete the Top 10 List of Most Valuable Players in IPL 2025.

      #6 Sai, Priyansh, and Noor to battle it out for the Emerging Player of the Season Award The ongoing IPL season has all been about younger players breaking through the barricades as debutants like 17-year old Ayush Mhatre, Vipraj Nigam, Digvesh Rathi, Priyansh Arya, and 14-year old Vaibhav Suryavanshi have made a mark courtesy of their splendid shows.

      Following in the steps of a long list of uncapped centurions for Punjab Kings, Arya scored a century of 39 balls and has scored 347 runs in 11 matches at a strike rate of 192.77 in total challenging the likes of Sudharsan and Noor for the coveted award.

      While Sai and Noor are not debutants, they are eligible for the award and are the front-runners along with the likes of Harshit Rana and Naman Dhir.

      *All Stats as of 15th May (After the conclusion of KKR vs CSK) (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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