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    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
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    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
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    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
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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.
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    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.
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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.
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    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.
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    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.
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    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.
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
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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.
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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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      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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