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July 31, 2025

India's purchases of Russian oil 'point of irritation' in bilateral ties with US: Rubio

July 31, 2025

President Trump, trade team 'frustrated' with India over trade talks, says US Treasury Secretary

July 31, 2025

Trump calls India a 'dead economy', Rahul backs remark; Goyal's response, 'India is fastest-growing major economy'

July 31, 2025

HP revenue min meets farmer, horticulture bodies, assures support in land-related issues

July 31, 2025

Starlink gets satellite internet permit; spectrum allocation norms ready: Scindia

July 31, 2025

Arrested Bangladeshi woman used fake documents to get Aadhaar, voter ID cards

July 31, 2025

Restore J&K statehood and give us all responsibilities as we are not incompetent: Omar urges Centre

July 31, 2025

Rupee recovers 15 paise from all-time low to close at 87.65 against US dollar

July 31, 2025

EC to publish draft electoral rolls prepared under SIR on Friday

July 31, 2025

Trump announces 90-day negotiating period with Mexico as 25% tariff rates stay in place

July 31, 2025

European Union assumes its faces 15% tariffs in US from Friday. But key text still isn't ready

July 31, 2025

Rahul says everybody except PM, FM knows Indian economy is 'dead'; BJP hits back

July 31, 2025

TN CM distributes laptops to Adi Dravidar students

July 31, 2025

TMC slams Centre over US tariff, calls foreign policy a 'PR stunt'

July 31, 2025

India fastest growing major economy in world: Goyal

July 31, 2025

Summoned TCS for consultation on layoffs: Karnataka Labour Minister Santosh Lad

July 31, 2025

Fiscal deficit in Q1 at 17.9 pc of full-year target: CGA data

July 31, 2025

Trump seeks to use Canada's recognition of Palestinian state as leverage in trade talks

July 31, 2025

US may have some illusions about finding oil in Pakistan, I wish them luck: Tharoor

July 31, 2025

First-time job seekers benefit most by PMVBRY: Provident fund official

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July 31, 2025

India's purchases of Russian oil 'point of irritation' in bilateral ties with US: Rubio

US Imposes 25% Tariff on Indian Imports Over Russian Oil Purchases, Citing Section 301 Concerns
The United States has imposed a 25 percent tariff on all goods imported from India, along with an additional penalty targeting India's purchases of Russian crude oil and military equipment. This action reflects US frustration with India's continued acquisition of Russian energy resources, which the US asserts helps sustain Russia's military efforts in Ukraine despite global sanctions. While acknowledging India's significant energy needs, US officials emphasize that alternative suppliers are available and view India's reliance on Russian oil as a key irritant in bilateral relations. India has responded by affirming its commitment to protecting national interests and is currently assessing the impact of these tariffs. The measures appear to be part of a broader US strategy to leverage trade policy to influence India's foreign and energy procurement decisions.

July 31, 2025

President Trump, trade team 'frustrated' with India over trade talks, says US Treasury Secretary

US imposes 25% tariff on Indian imports under trade rules amid Russian oil dispute
The United States imposed a 25 percent tariff on all goods imported from India effective August 1, alongside unspecified penalties related to India's purchase of Russian crude oil and military equipment. The US trade team expressed frustration with India's slow progress in trade negotiations and criticized India for continuing to buy and refine sanctioned Russian oil. The tariff move is viewed as a strategic effort by the US to pressure India into agreeing to US trade demands, following recent favorable trade agreements with other major partners. India has responded by stating it will take necessary measures to protect its national interests and is currently assessing the impact of the tariffs.

July 31, 2025

Trump calls India a 'dead economy', Rahul backs remark; Goyal's response, 'India is fastest-growing major economy'

US Imposes 25% Tariff on Indian Imports Over Russia Ties, Sparking Political Debate on Economy
The US President announced a 25 percent tariff on imports from India, coupled with an unspecified penalty for India's continued purchase of Russian military equipment and crude oil, citing concerns over India's trade policies and ties with Russia. This move prompted strong political reactions in India, with opposition leaders echoing the US criticism by labeling India's economy as "dead," while government officials defended India as one of the fastest-growing major economies, emphasizing ongoing reforms, export growth, and efforts to protect national interests. The Indian government is reviewing the tariff's impact and reaffirmed its commitment to safeguarding farmers, MSMEs, and industries. The tariff is viewed as a pressure tactic to influence India's trade stance amid broader US trade negotiations. The dispute has sparked significant domestic political debate regarding India's economic health and trade relations with the US.

July 31, 2025

HP revenue min meets farmer, horticulture bodies, assures support in land-related issues

Minister Pledges Support for Farmers on Land Classification and Ownership Issues Following Supreme Court Guidelines
The state minister met with representatives of farmer and horticulture organizations to discuss challenges related to land classification and ownership. The representatives emphasized that village lands recorded under individual names should not be classified as forest land and cited Supreme Court directives requiring proper demarcation before eviction. They requested the government to actively defend ongoing court cases on behalf of farmers and orchardists. The minister assured full government support, commitment to protecting their interests, and indicated that further detailed discussions would be held with senior officials to address these issues comprehensively.

July 31, 2025

Starlink gets satellite internet permit; spectrum allocation norms ready: Scindia

Satellite Internet Provider Gets Unified License with Spectrum Rules for Service Launch
A satellite internet service provider has been granted a Unified License to operate in India, with a regulatory framework for spectrum allocation and gateway establishment finalized to facilitate service rollout. Other satellite communication companies are also awaiting spectrum allocation to begin operations. The government highlighted significant growth in digital infrastructure, including increased telephone and internet subscriptions, widespread 5G coverage, and the revival of a state-owned telecom company reporting consecutive profits. Investments under a production-linked incentive scheme have generated substantial sales and employment, while foreign direct investment in the telecom sector has nearly tripled. The country has rapidly expanded its telecom capabilities from 2G to 5G and is actively developing 6G technology, aiming to become a global leader in telecom innovation and manufacturing.

July 31, 2025

Arrested Bangladeshi woman used fake documents to get Aadhaar, voter ID cards

Airline Crew Arrested for Forging Indian IDs and Attempting Passport Fraud Under Section 420
A Bangladeshi national working as an airline crew member was arrested in India for obtaining multiple Indian identification documents, including Aadhaar, voter ID, ration cards, and attempting to apply for an Indian passport using forged documents. She initially entered India with a valid passport, rented accommodations in Kolkata, and used these addresses to acquire fake documents with the assistance of unidentified agents. Police seized several Indian and Bangladeshi documents during a raid and are investigating potential collaborators, including possible involvement of police personnel. The woman allegedly used social media posts to portray herself as a patriotic Indian, which authorities view as a tactic to support her false identity. The investigation is ongoing to determine the full extent of the forgery and any accomplices involved.

July 31, 2025

Restore J&K statehood and give us all responsibilities as we are not incompetent: Omar urges Centre

Chief Minister urges restoration of J&K statehood, full local control under Article 370, and boosts tourism post-terror attack
The Chief Minister of Jammu and Kashmir urged the central government to restore the region's statehood and transfer full administrative responsibilities to the local government, asserting their competence based on prior governance that reduced militancy and improved security. He emphasized the local government's capability to manage security and promote tourism, particularly after the Pahalgam terror attack that severely impacted the tourism industry. The Chief Minister highlighted ongoing efforts to revive tourism and invited visitors to Jammu and Kashmir, assuring safety measures were in place. He also criticized the central government's handling of international trade issues, specifically the imposition of tariffs by the US, stating a lack of consultation and clear policy direction. During a visit to Gujarat, the Chief Minister engaged in discussions to enhance inter-state relations and tourism cooperation.

July 31, 2025

Rupee recovers 15 paise from all-time low to close at 87.65 against US dollar

Indian Rupee Recovers After Sharp Fall Amid US Tariffs and RBI Market Intervention Efforts
The Indian rupee recovered 15 paise to close at 87.65 against the US dollar following its steepest single-day fall in over three years, amid lower crude prices and suspected intervention by the Reserve Bank of India (RBI). The depreciation was triggered by the US government's announcement of a 25 percent tariff on Indian imports and penalties related to Russian crude purchases, which heightened market concerns and risk-off sentiment. The RBI's weekly liquidity withdrawal measures and suspected market intervention aimed to stabilize the currency and short-term interest rates. Ongoing bilateral trade negotiations between the two countries continue, with a US delegation scheduled to visit India for further talks. The broader economic environment remains uncertain, with pressure on the rupee expected to persist until clarity on tariffs is achieved.

July 31, 2025

EC to publish draft electoral rolls prepared under SIR on Friday

Election Commission Begins Draft Electoral Rolls Publication After Special Intensive Revision
The Election Commission will publish draft electoral rolls following a special intensive revision (SIR) in Bihar, initiating a claims and objections period until September 1. This process allows voters to address wrongful deletions, additions, or corrections. The SIR aimed to update the voter list, removing deceased, migrated, or duplicate entries, but faced criticism and legal challenges alleging potential mass exclusion to favor the ruling coalition. The Supreme Court emphasized that the revision must ensure inclusion, not exclusion, and mandated acceptance of Aadhaar as identity proof. The Election Commission assured voters that grievances could be raised during the objection period, while opposition parties expressed concerns over possible manipulation during this phase by election officials aligned with the ruling party.

July 31, 2025

Trump announces 90-day negotiating period with Mexico as 25% tariff rates stay in place

Government sets 90-day negotiation period with tariffs on autos, copper, aluminum, and steel unchanged under trade rules
A government announced a 90-day negotiation period with a neighboring country following discussions between their leaders, during which existing tariffs will remain in effect. Imports from the neighboring country will continue to face a 25% tariff, linked to concerns over illicit trafficking. Specific sectors such as automobiles will be subject to a 25% tariff, while copper, aluminum, and steel imports will incur a 50% tariff. The announcement emphasizes ongoing trade tensions and the use of tariffs as leverage in bilateral negotiations.

July 31, 2025

European Union assumes its faces 15% tariffs in US from Friday. But key text still isn't ready

US to impose 15% tariff on most EU exports despite pending detailed agreement and ongoing exemption talks
The European Union anticipates the United States will impose a 15 percent tariff on most EU exports starting Friday, despite the absence of a finalized joint statement detailing the agreement's terms. The political agreement reached covers tariffs on approximately two-thirds of EU goods, valued at around 380 billion euros, with exemptions for strategic items such as aircraft, certain chemicals, and some pharmaceuticals. The EU expects the US to honor both the tariff ceiling and agreed exemptions. While European wine and spirits will initially face the 15 percent tariff, further negotiations on exemptions are ongoing. Prior to the agreement, the US had threatened 30 percent tariffs, which the EU warned would severely disrupt trade. The EU prepared retaliatory tariffs set for August 7 but plans to suspend these if the deal proceeds as intended.

July 31, 2025

Rahul says everybody except PM, FM knows Indian economy is 'dead'; BJP hits back

Political Leader Accuses Government of Undermining Economy and Sovereignty Amid Trade Dispute
A political leader publicly criticized the national economy as "dead," aligning with a foreign leader's disparaging remarks, and accused the ruling government of undermining economic, defense, and foreign policies to benefit a prominent business figure. The ruling party condemned these statements as insulting and politically motivated, defending the country's economic progress and questioning the opposition's loyalty. The opposition leader also alleged that ongoing trade negotiations with the foreign country would be dictated by that country's leader, asserting the government prioritizes foreign interests over national welfare. The dispute includes accusations that recent tariffs imposed by the foreign country will harm domestic industries and farmers. Both parties exchanged sharp criticisms regarding economic management, trade policies, and national sovereignty, reflecting heightened political tensions amid international trade conflicts.

July 31, 2025

TN CM distributes laptops to Adi Dravidar students

State Government Distributes Laptops to 136 Disadvantaged Students and Launches Free Health Program
The state government distributed laptops to 136 students from disadvantaged communities admitted to higher education institutions, emphasizing support for educational advancement. The Chief Minister, recently discharged from hospital, highlighted the students' perseverance. Additionally, the government is launching a comprehensive health program providing free medical check-ups and diagnostic services through numerous camps statewide, aiming to improve public health access and reduce hospital visits. The program includes a wide range of medical specialties and traditional Indian medicine. The Chief Minister also inaugurated several government office buildings related to tax and registration departments, constructed with significant public funds, enhancing administrative infrastructure.

July 31, 2025

TMC slams Centre over US tariff, calls foreign policy a 'PR stunt'

Political Party Blames 25% US Tariffs and Penalties on Poor Foreign Policy, Calls for Better Diplomacy
A political party criticized the central government for the imposition of a 25 percent tariff and penalties by the United States on Indian goods, attributing the economic impact to a foreign policy focused on publicity rather than substantive diplomacy. The party highlighted that India faces harsher tariffs than other countries and noted the depreciation of the national currency as evidence of economic vulnerability. The government responded by stating it is reviewing the situation, consulting stakeholders, and engaging with relevant parties to determine appropriate measures to protect national interests. The tariffs followed a US announcement targeting Indian imports and penalties related to India's procurement of Russian crude oil and military equipment. The party condemned recent diplomatic events as superficial and argued that the current foreign policy approach has harmed the country's exports, economy, and international reputation.

July 31, 2025

India fastest growing major economy in world: Goyal

India's rapid economic growth driven by reforms, trade deals, and a skilled workforce boosts global competitiveness
India is recognized as the fastest-growing major economy globally, contributing nearly 16% of global growth and expected to become the third largest economy soon. Over the past decade, it has advanced from the 11th to one of the top five economies, driven by reforms and efforts from farmers, MSMEs, and entrepreneurs. Despite criticism from a foreign leader regarding trade relations and tariffs, the government highlights transformative measures promoting India as a global manufacturing hub. The country's young, skilled workforce enhances innovation and industrial competitiveness. Exports have steadily increased, supported by mutually beneficial trade agreements with several countries, including the UAE, UK, Australia, and EFTA, with commitments to pursue further agreements.

July 31, 2025

Summoned TCS for consultation on layoffs: Karnataka Labour Minister Santosh Lad

IT Company Summoned Over 12,000 Layoffs for Violations of Industrial Disputes Act Notification Rules
The Karnataka Labour Department has summoned a major IT company to explain the rationale behind mass layoffs involving over 12,000 employees, following a complaint filed by a state IT employees' union alleging violations of the Industrial Disputes Act and government reporting conditions. The company cited workforce realignment and strategic focus on technology and AI as reasons for the retrenchment. The Labour Minister emphasized that while certain industries are exempt from labour laws, they must still notify the government prior to layoffs. Additionally, the government rejected industry requests to increase daily working hours to nine or ten, stating such changes must be voluntary and considering local commuting challenges. The minister clarified that extended working hours could only be permitted with employee consent and are not feasible as a permanent measure due to traffic conditions.

July 31, 2025

Fiscal deficit in Q1 at 17.9 pc of full-year target: CGA data

Government's Q1 Fiscal Deficit Hits 17.9% of Target; Capital Spending Up 52% Boosting Growth
The government's fiscal deficit reached 17.9 percent of the full-year target by the end of June, with a shortfall of Rs 2,80,732 crore in the first quarter of the 2025-26 fiscal year. Total receipts amounted to Rs 9.41 lakh crore, including net tax revenue, non-tax revenue, and non-debt capital receipts. Transfers to state governments increased by Rs 47,439 crore compared to the previous year. Total expenditure was Rs 12.22 lakh crore, with significant portions allocated to revenue and capital accounts, including interest payments and subsidies. Despite subdued direct tax collections in June, capital expenditure grew 52 percent year-on-year, supporting investment demand and potentially benefiting GDP growth for the quarter.

July 31, 2025

Trump seeks to use Canada's recognition of Palestinian state as leverage in trade talks

US warns 35% tariffs on Canada if trade deal stalls over Palestinian state recognition and political tensions
The US President threatened to complicate trade negotiations with Canada following Canada's announcement to recognize a Palestinian state, warning this stance would hinder reaching a trade agreement. He indicated potential imposition of a 35% tariff on Canadian goods if no deal is reached by a set deadline. This move contrasts with his previous indifferent responses to similar recognitions by other countries. The announcement comes amid ongoing renegotiations of the 2020 US-Mexico-Canada trade agreement and a broader international shift regarding Israel's policies. The US President has also linked trade actions against other nations to unrelated political issues, including recent threats of tariffs on Brazil due to its indictment of a former leader allied with the US President. The trade disputes are marked by a mix of political grievances and broader concerns cited by the US administration.

July 31, 2025

US may have some illusions about finding oil in Pakistan, I wish them luck: Tharoor

US and Pakistan Partner to Develop Pakistan's Oil Reserves Under New Trade Agreement
A trade agreement was announced between the United States and Pakistan to collaborate on developing Pakistan's alleged substantial oil reserves. The US is in the process of selecting an oil company to lead this partnership, with potential future oil sales to India mentioned. A member of the Indian Parliament expressed skepticism about the existence of significant oil reserves in Pakistan, noting India's heavy reliance on oil imports despite domestic discoveries. Pakistan has historically claimed large offshore oil deposits but has yet to make significant progress in exploiting them and currently imports oil to meet energy needs. The Pakistani Prime Minister publicly welcomed the trade deal, describing it as historic and expressing optimism about enhanced bilateral cooperation.

July 31, 2025

First-time job seekers benefit most by PMVBRY: Provident fund official

Government scheme offers wage subsidies to employers hiring first-time job seekers, reducing unemployment barriers
A government employment scheme provides financial incentives to employers hiring first-time job seekers, addressing barriers such as perceived low productivity and associated costs like job search, transportation, and housing. Employers receive wage-based subsidies for up to two years across sectors and up to four years in manufacturing. The scheme aims to reduce unemployment rates among new entrants to the workforce, which are significantly higher than the national average. The enrollment process utilizes biometric authentication and direct benefit transfers to facilitate participation. Industry stakeholders are engaged to integrate the scheme's benefits with organizational development strategies.

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Dhansafal and Vastu Finserve Forge Strategic Co-Lending Partnership to Drive Inclusive Credit Access

May 28, 2025

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Mumbai, Maharashtra, India (NewsVoir) Dhansafal Finserve Limited is pleased to announce a strategic co-lending partnership for INR 75 Crs with Vastu Finserve India Private Limited, a wholly owned subsidiary of Vastu Housing Finance Corporation Limited, to offer secured MSME and business loans for customers from the emerging markets in India.

This partnership marks a significant milestone in Dhansafal’s mission to deepen financial inclusion and expand access to credit across underserved regions in India.

Dhansafal, a BSE-listed NBFC registered with the RBI (B-13.01559), provides transparent and inclusive credit solutions tailored to India’s evolving financial landscape. Its product offerings include working capital loans, MSME loans, and loans against property, empowering entrepreneurs and individuals to strengthen their financial resilience and achieve their goals. Dhansafal currently operates across Maharashtra, Madhya Pradesh, and Rajasthan, serving diverse customer needs through its growing regional footprint.

Vastu Finserve brings to the partnership its extensive pan-India reach, robust technology infrastructure, and a proven track record in credit delivery. With its scalable operating model, digital-first approach, and deep analytics capabilities, Vastu Finserve complements Dhansafal’s commitment to delivering customer-centric and agile financial solutions.

Together, the two institutions will co-lend through an integrated, tech-enabled framework leveraging each other’s strengths in underwriting, market intelligence, and operations. The partnership aims to deliver timely and affordable credit to underserved customers, particularly across Tier 2 and Tier 3 cities, with a focus on responsible lending. Dhansafal will leverage Vastu’s credit know-how and source customers who will be assessed based on Vastu’s underwriting policy and onboarded accordingly.

“This collaboration reinforces our long-term vision of being a trusted and impactful financial partner, supporting sustainable growth across India,” said Ankur Agarwal, Managing Director, Dhansafal Finserve Limited.

“In the vehicle and mortgage finance segments, Vastu Finserve’s differentiated, tech-driven approach powered by digital channels and data analytics enables us to deliver seamless and affordable credit solutions. We look forward to partnering with Dhansafal, under the co-origination (CLM 1 model) framework prescribed by RBI, to extend this capability to a broader customer base in the mortgage segment by providing simple, faster and affordable credit solutions to small business owners and MSMEs,” said Kshitij Grover, Chief Financial Officer, Vastu Finserve India Private Limited.

This partnership underscores Dhansafal’s continued commitment to innovation, transparency, and building impactful collaborations that drive financial empowerment.

About Vastu Finserve India Private Limited A wholly owned subsidiary of Vastu Housing Finance Corporation Limited, Vastu Finserve India Private Limited is a technology-led Non-Banking Financial Company (NBFC) founded in 2018 with its headquarters in Mumbai.

Vastu Finserve is dedicated to bridging the credit gap for underserved micro, small, and medium enterprises (MSMEs) and individual borrowers across India. It offers a range of lending solutions, including business loans, vehicle loans, construction equipment loans, and loan against property. With presence in 13 states with 70+ branches, Vastu Finserve is committed to financial inclusion, customer-centric innovation, and responsible lending.

Website: www.vastufinserve.com Email: corporate.communications@vastufinserve.com.

About DhanSafal Finserve Limited DhanSafal Finserve Limited is a digitally driven, well-diversified financial services company focused on simplifying credit access across India’s heartland. With a strong presence in the retail loan sector, we offer flexible and competitive lending solutions tailored to individual needs from personal and business loans to income-generating credit. Our mission is to bridge the gap between traditional banking and underserved communities through ethical practices, innovative digital platforms, and a relentless customer-first approach. At DhanSafal, we believe that financial empowerment should be accessible to all because with the right support, success is possible for everyone.

(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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Dhansafal and Vastu Finserve Forge Strategic Co-Lending Partnership to Drive Inclusive Credit Access

May 28, 2025

Strategic Co-Lending Partnership Between Dhansafal and Vastu Finserve Expands MSME Loan Access in Emerging Indian Markets

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Dhansafal and Vastu Finserve Forge Strategic Co-Lending Partnership to Drive Inclusive Credit Access

May 28, 2025

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Strategic Co-Lending Partnership Between Dhansafal and Vastu Finserve Expands MSME Loan Access in Emerging Indian Markets

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