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    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
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    Yellow.ai, a Global Leader in Enterprise Agentic AI, to Go Public via $550 Million Merger with Bluerock Acquisition Corp.
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    Every ₹1 invested under Kisan Credit Card– Modified Interest Subvention Scheme (KCC-MISS) contributes ₹2.30 to net value addition in the...
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    ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY
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    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.
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    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.
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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.
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    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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    Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
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    Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
    India-Uzbekistan cooperation is proposed through co-investment, co-manufacturing and co-innovation, supported by the Bilateral Investment Treaty to promote investor confidence and reciprocal investment. Priority sectors include mining, textiles, healthcare, agriculture, food processing, digital technologies and advanced manufacturing. Trade facilitation measures include reducing trade barriers, mutual recognition of standards, approvals, testing and certification, customs digitalisation and improved trade routes. Regulators and standard-setting bodies are expected to cooperate under a structured, time-bound economic partnership.
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    Concessional agricultural credit supports working capital, crop diversification, allied activities, and digital expansion under the Kisan Credit Card scheme.
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    August 3, 2026
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    August 3, 2026
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    Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
    Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.
    August 3, 2026
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    Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms.
    Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
    August 3, 2026
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    MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
    MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an 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 recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
    August 3, 2026
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    Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
    Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.

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      2024 Bangladesh uprising protester found in Bengal's voter list

      June 9, 2025

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      Kolkata, Jun 9 (PTI) A fresh political row has erupted in West Bengal after a person allegedly involved in Bangladesh’s August 2024 student protests was found listed as a voter in Kakdwip, triggering sharp BJP-TMC exchanges over alleged illegal infiltration and manipulation of the voter list in the state.

      Several images of the person, identified as Niutan Das, participating in the 2024 quota reform protests in Bangladesh have surfaced online.

      The protests played a significant role in regime change and the ouster of Prime Minister Sheikh Hasina in the neighbouring country.

      Despite the controversy, Das has claimed Indian citizenship and presented documents, including a PAN card and Aadhaar card, to support his claim.

      PTI, however, couldn't independently verify the authenticity of the photos and videos.

      "I had travelled to Bangladesh in 2024 for some issues related to our ancestral property, but I unexpectedly got caught up in the revolution there. I have been a voter in Kakdwip since 2014. Although I lost my voter card in 2017, I managed to get a new one the following year with help from the local MLA, Manturam Pakhira. I also cast my vote during the 2016 West Bengal Assembly elections," he said in a video message.

      However, he did not clarify whether he resides in India or Bangladesh.

      In a conflicting account, Das's cousin Tapan told reporters in Kakdwip that Niutan was "born in Bangladesh and exercises voting rights in both countries." "Niutan was born in Bangladesh and holds voting rights in both countries. He came to India after the pandemic to sell some ancestral land and has stayed here since. He should be held responsible for registering as a voter in both places, that's clearly not right," Tapan Das said.

      The BJP has seized on the controversy, accusing the TMC of encouraging illegal immigration to manipulate electoral outcomes.

      West Bengal BJP president Sukanta Majumdar, in a social media post, described the latest incident as another shining example of the "so-called Egiye Bangla Model".

      "This is another glaring example of the so-called 'Egiye Bangla Model.' The same person spotted wielding a stick during the student protests in Bangladesh is now a listed voter in Kakdwip. The TMC and Chief Minister Mamata Banerjee are fuelling this illegal infiltration network," he said.

      Leader of the Opposition Suvendu Adhikari alleged that "lakhs of Bangladeshi nationals are registered as voters in West Bengal." "There are lakhs of Bangladeshi nationals who have made it to the voter rolls in West Bengal. Take the case of Saad Sheikh, a suspected member of the Ansarullah Bangla Team, whose name was in the Murshidabad voter list," he said.

      BJP Mathurapur organisational district secretary Sanjay Das alleged that "the Trinamool Congress is actively helping Bangladeshi infiltrators, many of them jihadis, enter India. They're being handed voter cards and even citizenship just so the ruling party can stay in power." The TMC, in response, rejected the allegations, shifting the blame to the Centre and the Border Security Force (BSF), which guards the Indo-Bangladesh border.

      "The Centre and the BSF are in charge of guarding the borders. Our state government will do its part, but it's up to the Union government to ensure security," TMC spokesperson Kunal Ghosh said.

      Debashis Das, TMC's Sundarbans organisational district student wing president, clarified his association with Niuton Das, who was seen cutting cake with him in a viral birthday party photo.

      "I had no idea he was involved in the Bangladesh protests. The photo going around was taken at a birthday celebration with many people present. If someone like him managed to cross the border, it just shows the BSF isn't doing its job properly. Strengthening border security is the only way to prevent such incidents. I urge the authorities to investigate and take action," he added.

      The controversy gained traction after Banerjee's earlier allegations of voter list irregularities, where she claimed that voters from other states were using duplicate EPIC numbers in the state.

      The BJP had countered those claims by alleging that Bangladeshi nationals were being registered as voters in the state at the behest of the ruling party.

      As political parties continue to trade charges, calls for a thorough investigation into voter list integrity and illegal infiltration have intensified ahead of next year's assembly elections. PTI PNT MNB

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