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    RBI issues Draft (Securitisation Transactions) Amendment Directions
    Rupee rises 5 paise to 95.77 against US dollar in early trade
    Woman GST officer, consultant caught taking Rs 60,000 bribe in Maharashtra's Jalna
    Zelenskyy has 'good meeting' with Trump at White House as he seeks more cooperation with US
    Creation of separate ministry infused new energy in India's cooperative movement: Amit Shah
    Railways operates first-ever direct freight train from Kolkata Port to Nepal's Biratnagar
    Haryana Cabinet approves housing, EV, MSME and governance reforms
    SC slams CBI, Delhi Police EoW over silence in Indiabulls probe, calls their conduct 'shocking'
    Govt introduces Bill in RS to tackle payment delays faced by MSMEs
    Regional Rural Banks (RRBs) Post Highest-Ever Net Profit of Rs. 10,177 Crore in FY 2025–26, show consistent improvement in other key financial param...
    Gross Non-Performing Assets (GNPA) of Public Sector Banks (PSBs) at historic low of 1.9% in FY 2025-26, achieve highest-ever net profit of ₹ 1.9...
    India's Toy Exports Soar 89.1%, Reflecting Strong Growth in Domestic Manufacturing
    India's Exports Scale Record US$ 863.1 Billion in FY 2025–26, Driven by Strong Trade with UAE, UK and Australia
    India's FTAs Deepen Global Market Access, Boost Export Diversification and Labour-Intensive Sectors.
    73 Sports Medal Winners of Chandigarh University get government jobs in 2025-26
    Centre orders sugar dealers to limit stocks to 30 days; stock limit at 4,000 quintals
    5 Credit Profile Checks That Can Improve Financial Health
    Gold Loan EMI or Bullet Repayment: Muthoot Finance Helps Choose Right in 2026
    EU-ASEAN Business Council Calls for stronger action on Illicit Trade, highlights India''s Strategic role
    Union Minister of Commerce & Industry Shri Piyush Goyal Announces Task Force to Support Toy Sector, Targets 5% Global Market Share by 2032.
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    July 29, 2026
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    Securitisation Note amendments seek stronger issuance efficiency, liquidity and transparency, with stakeholder consultation invited on proposed directions.
    Draft amendments to securitisation transaction directions seek to improve the efficiency, liquidity and transparency of issuing and subsequently transferring Securitisation Notes. The proposals apply to commercial banks, small finance banks, non-banking financial companies and all India financial institutions. Public and stakeholder comments are invited through the designated regulatory consultation platform or alternatively by post or email.
    July 29, 2026
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    Rupee appreciation reflected weaker dollar conditions, equity inflows, crude oil movements and positive domestic market sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar. A weaker US dollar, lower crude oil prices relative to earlier levels, positive domestic equity sentiment, and foreign institutional investors' net purchase of Indian equities were identified as key influences. The dollar index weakened ahead of a monetary policy announcement, while crude prices rose amid renewed geopolitical tensions. Domestic benchmark equity indices also advanced in early trade.
    July 29, 2026
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    Input Tax Credit unblocking allegedly involved illegal gratification, prompting a trap operation and apprehension of the officer and consultant.
    Alleged bribery connected with unblocking Input Tax Credit arose after an electronics trader received a show-cause notice and had its ITC blocked. A private tax consultant allegedly conveyed that a State GST officer demanded illegal gratification for unblocking the credit and encouraged the trader to settle the demand. Following a complaint, a trap operation allegedly led to the apprehension of the officer and consultant, with further legal action in progress.
    July 29, 2026
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    Defence production licensing and Russian energy sanctions shaped discussions on Ukraine's security capacity, missile supply and diplomatic engagement.
    Ukraine-US discussions addressed licences for domestic Patriot defence-system production, wider defence-production cooperation, technology exchange and missile supply funded through European resources. Ukraine also sought support for a sanctions bill designed to increase economic pressure on Russia by imposing tariffs on goods from major purchasers of Russian oil and gas and by sanctioning Russian leaders, financial institutions and energy projects. The proposed defence-production licence was identified as a longer-term measure, alongside calls for renewed diplomatic engagement.
    July 29, 2026
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    Cooperative-sector modernisation strengthens rural finance through expanded credit societies, online audits, institutional connectivity and technology-enabled cooperative banking.
    Cooperative-sector modernisation is presented as a mechanism for strengthening rural institutions, farmer prosperity and the rural economy. The separate Ministry of Cooperation provides an administrative, legal and policy framework for the cooperative movement. Key initiatives include establishing new primary agricultural credit societies and dairy cooperative societies, expanding business activities for primary agricultural credit societies, online auditing, and connecting cooperative institutions. District cooperative banks are described as important institutions for meeting the financial requirements of expanding service and dairy cooperative societies.
    July 28, 2026
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    Direct containerised rail freight movement enables seamless Kolkata Port-to-Biratnagar cargo transport without border transshipment under revised transit arrangements.
    Direct containerised rail freight movement between Kolkata Port and Biratnagar Customs Yard has commenced under the revised India-Nepal Rail Transit Protocol. The service enables end-to-end commercial rail carriage without border transshipment through the Jogbani-Biratnagar broad-gauge connection. Implementation of the revised Letter of Exchange operationalises direct commercial rail access, intended to reduce transit time, logistics costs and cargo handling while improving supply-chain efficiency, reliability and cross-border trade.
    July 28, 2026
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    State governance reforms expand housing relief, local audits, MSME support, property records, welfare measures and clean-vehicle tax incentives.
    The reforms provide concessional stamp duty and registration charges for eligible Economically Weaker Section housing beneficiaries, a statutory local-audit framework, and incentives for MSMEs and exports. They also establish rules for ownership records in Lal Dora areas and introduce a formula-based urban property-tax assessment framework with exemptions. Welfare measures cover compensation for specified unnatural custodial deaths, ex-Agniveer reservation, and compassionate appointments. Motor-vehicle tax measures provide a rebate for qualifying vehicles registered in women's names and exemptions for new electric vehicles.
    July 28, 2026
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    Investigation into alleged fund diversion faced scrutiny as agencies were required to disclose progress and decide on regular cases.
    Investigation into alleged dubious transactions and fund diversion involving Indiabulls Housing Finance Limited remained under scrutiny because investigating agencies did not provide an updated status or take a final decision on registration of regular cases. The Central Bureau of Investigation and Delhi Police Economic Offences Wing were required to file a comprehensive affidavit and status report. The allegations concern loans allegedly routed through corporate entities to promoter-linked companies, alongside inquiries involving financial, corporate-fraud and market-regulatory agencies.
    July 28, 2026
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    MSME payment-delay reforms propose faster dispute resolution, enforceable settlement recovery, and invoice discounting to strengthen supplier liquidity.
    The proposed amendment strengthens delayed-payment dispute resolution for micro and small enterprise suppliers through prescribed adjudication timelines and possible interim payment of at least half the awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and are proposed to be legally enforceable debts under the insolvency framework. Central public sector enterprises would be required to route MSME invoice settlements through the Trade Receivables Discounting System.
    July 28, 2026
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    Regional rural bank oversight strengthens financial performance, technology adoption, diversified lending and financial inclusion in remote communities.
    Regional Rural Banks are regularly reviewed for financial performance, technology upgradation, MSME lending, loan diversification and financial inclusion in rural and remote areas. Their financial health improved over recent years, with growth in deposits, loans, credit-deposit ratio, net worth and capital adequacy, alongside improved asset-quality indicators. Financial-inclusion targets for bank-account access, micro-credit, insurance and pension schemes are set and periodically monitored to extend formal financial services.
    July 28, 2026
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    Emergency credit guarantee support addresses business liquidity mismatches while public sector banks report stronger asset quality and sectoral lending growth.
    Public sector banks reported improved balance-sheet health, rising business and lending, higher profits, stronger capital adequacy, and lower gross non-performing assets through FY 2025-26. Credit expanded across retail, agriculture, MSME, and infrastructure segments. Emergency Credit Line Guarantee Scheme 5.0 provides guarantee coverage to member lending institutions for eligible additional credit facilities addressing short-term liquidity mismatches, with full coverage for MSMEs and differentiated coverage for non-MSMEs and scheduled passenger airlines. Airline assistance is linked to peak credit outstanding and may require proportionate promoter or owner equity contribution above the applicable threshold.
    July 28, 2026
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    Toy quality regulation and export support strengthen domestic manufacturing, safety compliance, market access, and competitiveness in the Indian toy sector.
    Toy-sector measures combine quality regulation, import-duty changes, domestic manufacturing support, export facilitation, and promotional initiatives. The National Action Plan for Toys covers toy design, learning-oriented toys, quality monitoring, restrictions on unsafe imports, indigenous clusters, and domestic production. A Quality Control Order and BIS licensing framework support compliance with toy-safety standards. Cluster assistance, startup recognition, export-duty remission support, and zero-duty market access under specified trade agreements seek to strengthen competitiveness, while stated measures are associated with improved quality conformity, lower imports, and increased exports.
    July 28, 2026
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    Preferential market access under free trade agreements supports export diversification, labour-intensive sectors, and exporter use of tariff concessions.
    India's FTA framework is used to promote preferential tariff utilisation, export diversification and expanded market access. The Government monitors recently operationalised agreements through Certificates of Origin and partner-country trade data. Agreements with the UAE, Australia, Mauritius, Oman and EFTA are associated with increased product-line coverage, tariff preference utilisation and export opportunities. Labour-intensive sectors receive priority through preferential access, while calibrated tariff liberalisation and transition arrangements seek to protect sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal support exporters with market intelligence, rules of origin guidance, trade data and export-performance monitoring.
    July 28, 2026
    Show AI Summary
    Preferential Market Access under free trade agreements supports export diversification, labour-intensive sectors, tariff utilisation and data-driven trade facilitation.
    Preferential tariff utilisation under recently operationalised trade agreements is monitored through Certificates of Origin and partner-country trade data. Increased certificate issuance and expansion in exported HS-level tariff lines are treated as indicators of export diversification and market penetration. Labour-intensive sectors receive improved market-access opportunities under FTAs, while calibrated tariff liberalisation and transition arrangements preserve policy space for sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal provide exporters and policymakers with market intelligence, Rules of Origin guidance, FTA advisory services and trade-performance analytics.
    July 28, 2026
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    Sports-quota government recruitment recognised medal-winning student-athletes for public employment across defence, policing, railways and other government institutions.
    Sports-quota recruitment enabled medal-winning student-athletes to obtain government employment on the basis of sporting performances at state, national and international levels. Appointments covered armed forces, central armed police and paramilitary organisations, railways, police, the Income Tax Department, a public-sector bank, sports departments and other government institutions. The described sports framework provides scholarships, coaching, infrastructure, dietary support, travel, accommodation, equipment and selection-oriented physical, mental and personality-development training.
    July 28, 2026
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    Sugar stock controls require dealers to limit inventory duration and quantity, declare holdings, and curb speculative buying.
    Sugar dealers may not retain stock beyond thirty days from receipt or hold sugar above 4,000 quintals at any time or place. Government-account stocks and authorised Public Distribution System stocks are excluded. State Governments and Union territory administrations may prescribe limits only within the national ceiling and holding period. Dealers must declare and regularly update stock positions on the designated portal. The temporary restrictions are intended to maintain domestic availability, discourage speculative buying and contain sugar prices.
    July 28, 2026
    Show AI Summary
    Credit Profile Management requires timely repayments, controlled utilisation, selective borrowing and prompt correction of credit-report inaccuracies.
    A healthy credit profile depends on timely repayment of EMIs and credit-card dues, controlled credit utilisation and selective applications for new credit. Missed payments, sustained high utilisation and multiple hard enquiries may affect credit health and lender assessment. Individuals should periodically review credit reports for inaccurate personal details, closed loans recorded as active, missing repayment updates, duplicate loan entries or incorrect payment status, and promptly seek correction of discrepancies. Regular monitoring of credit score, repayment history, active accounts and enquiries supports informed credit-management decisions.
    July 28, 2026
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    Gold loan repayment structures require borrowers to weigh EMI interest savings against bullet repayment cash-flow flexibility and maturity obligations.
    Gold loans may be repaid through EMIs, which reduce principal and interest through periodic instalments, or through Bullet Repayment, which defers principal and accrued interest until maturity. The stated framework imposes tiered loan-to-value limits and caps consumption-purpose bullet loans at 12 months, with bullet-loan collateral assessment including projected interest. EMI repayment may reduce overall interest cost for borrowers with predictable income, while bullet repayment may preserve cash flow for borrowers expecting a defined future inflow. Borrowers should compare costs and review the Key Fact Statement before choosing a structure.
    July 28, 2026
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    Illicit trade prevention requires coordinated intelligence sharing, risk-based shipment controls and public-private cooperation to protect supply-chain integrity.
    Illicit trade prevention requires coordinated regional action through institutional intelligence-sharing, joint enforcement, regulatory alignment and public-private engagement. Proposed measures include risk-based pre-export assurance, shipment controls, digital customs tools and common principles adaptable to sector-specific risks. India is identified as a dialogue partner that can support secure regional trade through enforcement cooperation, intelligence exchange and risk-based governance. Analytical research, market intelligence, product-identification awareness and voluntary track-and-trace initiatives may assist in addressing illicit tobacco trade and strengthening lawful trade integrity.
    July 28, 2026
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    Toy-sector competitiveness is advanced through a task force and playbook focused on manufacturing, innovation, quality compliance and exports.
    Toy-sector competitiveness is proposed to be advanced through a dedicated task force and a playbook addressing manufacturing ecosystems, value chains, standards and compliance, skills, innovation, intellectual property and exports. The task force is intended to strengthen manufacturing capability, resolve value-chain bottlenecks, enable design and innovation, develop employment and skills, improve ease of doing business and support global value-chain integration. The roadmap emphasises domestic production, quality standards, localisation, branding, cluster development and support for MSMEs and startups.

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      Sudha Reddy Hosts 'Beauty With A Purpose Gala'

      May 28, 2025

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      Mon Amour Palais Opens Its Doors To 108 Miss World 2025 Delegates For A Night Of Culture And Compassion Hyderabad, Telangana, India (NewsVoir) Philanthropist and business leader Sudha Reddy opened the doors of her palatial private residence, Mon Amour Palais, to welcome the distinguished delegates of Miss World 2025 and Julia Morley CBE, Chairman and CEO of the Miss World Organisation. The intimate affair marked the first occasion of its kind held at Mon Amour Palais, hosting 108 international delegates for an unprecedented celebration of Indian culture and humanitarianism.

      The ‘Beauty With A Purpose Gala’ with an underlying theme of ‘Midnight Pearls’, was meticulously orchestrated as a classy tribute to the rich cultural heritage of Telangana, its warm hospitality and steadfast dedication to global humanitarian efforts. Mon Amour Palais, nestled in the verdant Banjara Hills, was transformed into a resplendent showcase of Indian artistry and hospitality, seamlessly blending traditional opulence with contemporary sophistication.

      Culinary Experience Upon arrival, guests were greeted with an elaborate grazing table that presented a modern interpretation of India's diverse culinary landscape, setting the stage for the gastronomic journey ahead. This graceful and opulent gathering served as more than a mere celebration; it was a meticulously curated immersive experience designed to celebrate and champion beauty with a purpose reflecting the spirit of Miss World Organisation.

      The evening's meticulously curated menu, adorned with a Khalil Gibran quote that read ‘Beauty is not in the face, beauty is a light in the heart’, celebrated the dynamic evolution of Indian cuisine, artfully blending progressive Indian dishes with nuanced international influences to captivate a diverse range of palates. Reimagined Indian classics were presented alongside delicate Asian infusions and cherished European staples, symbolizing a harmonious convergence of Eastern and Western culinary traditions. The dessert presentation was a luxurious confluence of traditional Indian mithai and globally inspired patisserie, representing the union of diverse cultures and culinary artistry. The menu unfolded as a carefully orchestrated culinary journey, with each dish designed to evoke a distinct and memorable experience.

      The Indian selections were a testament to innovation and tradition, where dishes like the tender coconut carpaccio, infused with fermented yellow chilli and gondhoraj dressing, showcased a contemporary approach to regional flavors. Complementing this, the paneer mille-feuille, filled with walnut-chilli chutney and smoked makhani, offered a sophisticated twist on a classic ingredient. Traditional favorites such as lamb keema ghotala, served with salli crisp and soft egg paratha and the aromatic saffron koshihikari khichdi, enriched with gucchi, pioppino mushroom and parmesan soil, provided a comforting yet refined counterpoint.

      The Asian offerings skillfully blended authentic dishes with modern interpretations, highlighting the versatility of Eastern cuisine. The charred miso chicken & leeks yakitori, glazed with sweet soy & togarashi dust, exemplified precision in flavor balance, while the true xo udon, with silky udon, snow peas, edamame and umami-rich truffle sauce, showcased the depth of umami. The smoked yellow curry, featuring papaya, water chestnuts and young bamboo served with black edamame rice, presented a creative take on traditional curry, emphasizing smoky undertones and unique textures.

      The Italian selection paid homage to classic European gastronomy, emphasizing the quality of fresh, seasonal ingredients. Dishes such as the lobster thermidor risotto offered a luxurious indulgence, while the burrata ravioli, with sundried tomato and basil velouté, highlighted the simple yet elegant flavors of Italian cuisine. The charred chicken and seasonal vegetables with black pepper-mushroom jus provided a hearty and satisfying option, showcasing the chef's expertise in balancing flavors and textures.

      The Delicacies section was a grand finale, an opulent fusion of Indian and international sweets designed to delight the senses. Traditional Indian desserts like kesari rasmalai tres leches with silver leaf and pista and fig halwa with almond biscotti crumble were reimagined with modern techniques, while global favorites such as fresh berry pavlova, chocolate and dulce de leche mousse and basque burnt cheesecake served with berry compote offered a diverse range of flavors and textures. This curated assortment of desserts provided a harmonious conclusion, uniting diverse culinary traditions in a symphony of sweetness.

      Ambience And Decor The event's ambiance, masterfully curated by Khushi Singh of Percept Limited, evoked a sense of timeless elegance, providing an opulent backdrop suffused with love, grace and beauty. Envisioned in a palette of white and gold, the evening unfolded with meticulous attention to detail. Towering gold candelabras graced the tables, their flames flickering above cascading floral arrangements and glistening crystal candle stands. Inspired by Hyderabad, the ‘City Of Pearls’, delicate strands of pearls were interwoven throughout the décor- from stairways to statues, lending a subtle regional homage. The floral arrangements were a study in classic refinement: Calla Lilies, Song of India, Lisianthus, Spray Carnations, Eustoma Roses, Oriental Lilies, Gypsophila, Chrysanthemums, Green Button Poms as the prominent bloom, completed by lush green fillers comprising Fern and Dracaena leaves. Each place setting was a study in refined luxury: custom-designed gold-plated crockery, gilded cutlery, graceful brass accents, soft pastel tones, cascading floral centerpieces and pearl-adorned menus paired with white and black embroidered napkins and subtly placed black bows.

      Performances And Presentations As twilight descended, guests were transported through a conceptual cultural showcase that celebrated India’s artistic soul. Tabla & Sons, a 21-member musical ensemble, captivated the audience with an evocative performance that interwove classical Indian percussion with contemporary rhythms—a bold testament to India's dynamic and evolving artistic legacy. Adding an element of exuberance, the delegates staged an impromptu flashmob performance, electrifying the atmosphere with spontaneity and sisterhood, culminating in a jubilant celebration of global unity through the universal languages of dance and music.

      The centerpiece of the evening was the Beauty With A Purpose presentations, during which select delegates shared compelling narratives of their transformative social impact initiatives. These deeply personal stories resonated with guests, casting a spotlight on the powerful advocacy work at the heart of the Miss World platform. This segment highlighted the pageant’s focus on social impact, honoring women leading change in education, health and community development— embracing Miss World’s core mission. The event also marked a significant occasion with the announcement of the top five Beauty With A Purpose projects, lauded for their unwavering dedication to fostering sustainable and impactful change and honored on stage by royal dignitaries.

      Guestlist Illustrious guests included luminaries from India’s royal families, such as Maharani Radhika Raje Gaekwad of Baroda, Kunwarani Ritu Ajatshatru Singh of Jammu & Kashmir, Princess Krishna Kumari of Jodhpur, and Princess Pooja Padmaraje Patwardhan of Sangli, as well as Dr. Madhu Chopra, and Mr. Jayesh Ranjan, Principal Secretary of Industries & Commerce, Government of Telangana. Adding further gravitas to the occasion was the presence of Mrs. Lakshmi Puri, former Assistant Secretary-General of the United Nations and a distinguished advocate for gender equality and human rights, reinforcing the event's overarching message of global empowerment and diplomacy.

      Ensemble Sudha Reddy graced the occasion in a sculpted Gaurav Gupta ensemble in absolute black with an exaggerated ether blue coiled snake cape from his surreal Kundalini-inspired Aarohanam collection. Mukaish, Badla and Zari work enhanced the fine embellishment on the perfectly tailored and draped ensemble, while the three-dimensional embroidery and crystal embellishments created a multidimensional and luminescent effect.

      Her vision for the evening transcended mere hospitality, evolving into a heartfelt tribute to India’s ascendant role on the global stage as a beacon of beauty, purpose, and unity. The event at Mon Amour Palais left an indelible mark on all in attendance, underscoring the profound importance of cultural exchange and collective humanitarian action.

      Quotes Sudha Reddy, Founder Sudha Reddy Foundation and Director, MEIL Group states, "Hosting the Miss World delegation at Mon Amour Palais was a deeply meaningful experience. It allowed us to showcase the richness of Indian heritage while highlighting the remarkable work these young women are doing to make a positive impact on communities worldwide. This event underscored the vital role of cultural exchange and collective action in addressing global challenges." Julia Morley CBE, Chairman and CEO, Miss World Organisation states, "The 'Beauty With A Purpose Gala' at Mon Amour Palais not only celebrated the spirit of Miss World but also provided a platform to recognize and amplify the extraordinary humanitarian projects undertaken by our delegates. It was a truly inspiring experience. Sudha Reddy's dedication to blending cultural appreciation with humanitarian efforts created an unforgettable experience for our delegates. This gathering served as a powerful reminder of the importance of using our platform to drive positive change and promote global unity through beauty and purpose." (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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