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    DFS Launches Protection & Indemnity Insurance Product under Bharat Maritime Insurance Pool (BMIP)
    Investec Selects Infosys Finacle SaaS Platform on Microsoft Azure for Digital Banking Transformation
    Kotak Securities Earns Great Place to Work® Certification and Recognition Among India's Best Workplaces™ in Investments 2026
    India rises from 82nd to 57th in global rankings, in structural and pro-competitive reforms: Report by Competere Foundation
    Aadhaar enrolment in Manipur has reached 87-88 pc: Officials
    IndoStar Capital Finance Limited Q1FY27 Disbursements ₹ 1,235 crore up 44% vis-à-vis Q1FY26
    Global gold demand flat at 1,269 tonnes in June quarter, says WGC
    MCD to launch 5-year PPP policy to modernise school stadiums, offer free sports coaching
    Piramal Pharma Limited Announces Results for Q1 FY27
    Advisory on Keeping on Hold the Proposed e-Way Bill Enhancements
    Innovation, Startups, MSMEs and Quality Manufacturing are Pillars of India's Future Growth: Shri Piyush Goyal at 22nd J.R.D. Tata Memorial Lecture
    UP ATS nabs kingpin of fake document racket from West Bengal
    Calcutta HC says voter ID, Aadhaar, PAN not proof of Indian citizenship
    Corporate Mitra Scheme Awareness Webinar organized by IICA Shillong, Ministry of Corporate Affairs witnessing overwhelming participation of youth and ...
    CCI approves amalgamation of Go Digit Infoworks Services, holding company of Go Digit General Insurance Ltd, with Go Digit General Insurance Ltd, such...
    CCI approves acquisition of units of Oaktree capital group Holdings, L.P. (OCGH), and Oaktree Equity Plan, L.P. (OEP) by Brookfield Asset Management L...
    Assam Exports First International Consignment of Purabi Ice Cream to Bhutan
    Building Deep and Resilient Financial Markets for a Viksit Bharat - Keynote Address delivered by Shri Rohit Jain, Deputy Governor at the Financial Ins...
    RBI issues Draft (Securitisation Transactions) Amendment Directions
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    July 30, 2026
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    Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
    Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.
    July 30, 2026
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    Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
    Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
    July 30, 2026
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    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
    Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
    July 30, 2026
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    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
    Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.
    July 30, 2026
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    Aadhaar enrolment access expands through a new service centre, with coordinated efforts focused on improving young children's coverage.
    Aadhaar enrolment in Manipur has reached approximately 87-88 per cent, with comparatively lower coverage among children aged 0-5 years. The first Aadhaar Seva Kendra in Imphal has been inaugurated to expand access to enrolment and Aadhaar-related services. The State Government is coordinating with welfare and health departments, hospitals and UIDAI to improve young children's enrolment, alongside services available through Deputy Commissioners' offices and authorised enrolment centres.
    July 30, 2026
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    Secured retail lending growth accompanied enhanced credit controls, digital lending processes, and branch expansion by a middle-layer non-banking finance company.
    IndoStar Capital Finance Limited, a middle-layer non-banking finance company registered with the Reserve Bank of India, reported growth in secured used-vehicle finance and micro loans against property for the quarter ended June 30, 2026. It reported higher disbursements, assets under management and net interest income, alongside a lower weighted average cost of funds. The company also stated that it strengthened underwriting, customer-selection filters, scorecards and early-warning systems, while advancing electronic lending processes and expanding its branch and micro-loans-against-property network.
    July 30, 2026
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    Gold demand trends show central bank buying and OTC investment offsetting weaker ETF and jewellery demand.
    Global gold demand remained broadly unchanged during the April-June quarter, with reduced gold exchange-traded fund, bar and coin investment offset in part by over-the-counter investment supported by Asian investors. Central banks and official institutions increased net additions to gold reserves, while high prices reduced jewellery volumes and encouraged demand for lighter products. Total supply was unchanged as increased mine production was offset by lower recycling. Investment is expected to drive future demand, while high prices may continue to constrain jewellery demand and recycling.
    July 30, 2026
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    Sports infrastructure PPP framework enables private stadium operation while requiring free coaching, child protection compliance, and student performance tracking.
    The PPP framework permits private operators to modernise, operate and maintain school sports stadiums at their own cost, while providing free organised sports training to enrolled students. Operators may commercially offer paid coaching and facilities to external users outside school hours, subject to student-related obligations. Selection is based on technical eligibility and detailed evaluation of sports, PPP, operational and technology capabilities. Agreements have an initial five-year term, with possible extension based on performance, mutual consent and public interest. Child-protection compliance, bank-routed transactions and disqualification for insolvency or statutory and child-safety violations apply.
    July 30, 2026
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    Quarterly financial reporting highlights operational growth, FDA inspection compliance, product integration, and prior insolvency proceeds in pharmaceutical operations.
    Quarterly financial reporting records revenue growth and improved EBITDA performance across CDMO, Complex Hospital Generics and Consumer Healthcare operations. CDMO growth was linked to order inflows, higher capacity utilisation, pricing discipline and commercial expansion, while quality compliance included an Establishment Inspection Report for the Sellersville facility and continued Zero Official Action Indicated status. The prior-year exceptional item related to one-time insolvency proceeds from a supplier claim filed before the NCLT. Consumer Healthcare growth was attributed to power brands, e-commerce, premiumisation, pricing and cost optimisation.
    July 30, 2026
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    Proposed e-Way Bill enhancements remain on hold, with no production changes required pending further communication.
    Proposed e-Way Bill enhancements have been kept on hold until further notice. Stakeholders are not required to make production-environment changes pursuant to the earlier advisories concerning those enhancements. The related advisories and FAQs are to be withdrawn from the GST Portal pending further communication.
    July 30, 2026
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    Innovation-led industrial growth promotes deep-tech investment, startup commercialisation, technology-enabled MSMEs, quality manufacturing and global market expansion.
    Innovation-led industrial growth is linked to deep technology, research and development, skilled manpower, startups, MSMEs and globally competitive manufacturing. Public initiatives include long-term risk capital for emerging technologies, affordable computing capacity and semiconductor investment support. Startups are encouraged to move from prototypes to commercialisation through industry adoption and early domestic investment. Manufacturing and MSME policy emphasise technology adoption, automation, productivity, branding and uncompromising quality. Free Trade Agreements are presented as supporting global market access and export expansion.
    July 29, 2026
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    Fraudulent Aadhaar enrolment allegations involve forged supporting documents, misuse of operator credentials, remote access, and continuing investigation.
    Forgery of Indian identity and supporting documents is alleged in an interstate racket using false birth, domicile and school certificates to obtain Aadhaar cards for foreign nationals. The racket allegedly misused authorised Aadhaar enrolment operator login credentials and used virtual private networks and remote access to enrol applicants. The alleged mastermind was arrested, and investigation, including proposed custodial interrogation, remains ongoing.
    July 29, 2026
    Show AI Summary
    Citizenship proof requires more than identity, tax, electoral or banking records when nationality remains unestablished.
    Voter identity cards, Aadhaar cards, PAN cards and bank-account records were treated as non-conclusive proof of Indian citizenship. The petitioner and detainee were required to establish citizenship under the Immigration and Foreigners Act, 2025, and an appeal against deletion from electoral rolls did not itself satisfy that burden. The inability to identify the burial locations of the detainee's parents prevented proposed DNA-based verification and supported an adverse inference concerning their citizenship.
    July 29, 2026
    Show AI Summary
    Corporate Mitra Scheme builds local compliance professionals to strengthen MSME regulatory, financial, taxation, accounting and governance support.
    The Corporate Mitra Scheme develops qualified and accredited para-professionals to provide MSMEs with accessible, affordable compliance and business-support services. Corporate Mitras are intended to assist enterprises with regulatory compliance, finance, taxation, accounting and governance-related requirements, enabling MSMEs to focus on innovation, expansion and growth. IICA Shillong serves as the nodal agency for Northeast regional coordination, stakeholder liaison, promotion and awareness, with regional participation encouraged through reserved course seats and a fee concession.
    July 29, 2026
    Show AI Summary
    Amalgamation of Go Digit Infoworks with Go Digit General Insurance approved, with the general insurer continuing as surviving entity.
    The Competition Commission of India approved the amalgamation of Go Digit Infoworks Services Private Limited, the holding company of Go Digit General Insurance Limited, with Go Digit General Insurance Limited as the surviving entity. Infoworks has no present market-facing business activities. Go Digit General provides general and health insurance products and services in India, with a specialised focus on general insurance.
    July 29, 2026
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    Competition approval enables Brookfield's indirect acquisition of Oaktree entities, combining alternative investment management businesses.
    Competition approval was granted for Brookfield Asset Management Ltd. to indirectly acquire units in Oaktree Capital Group Holdings, L.P. and Oaktree Equity Plan, L.P., resulting in the acquisition of the Oaktree operating group of entities. Brookfield Asset Management is a global alternative asset manager, while the Oaktree group provides alternative investment management services.
    July 29, 2026
    Show AI Summary
    Processed dairy exports to Bhutan expand through compliance support, market access facilitation, and planned diversification of longer-shelf-life products.
    Processed dairy exports from Assam to Bhutan commenced with a Purabi Ice Cream consignment exported by North East Dairy and Foods Limited and manufactured through Assam's cooperative dairy network. The Agricultural and Processed Food Products Export Development Authority supported export documentation, regulatory compliance, market access and stakeholder coordination. The initiative seeks to expand value-added dairy exports from the North Eastern Region, with plans to introduce longer-shelf-life products and increase exports according to market demand.
    July 29, 2026
    Show AI Summary
    Financial-market depth requires reliable liquidity, risk transfer, transparent products and shared institutional responsibility for resilient long-term financing.
    Financial-market depth requires reliable liquidity and price discovery, efficient risk distribution, and diverse, meaningful participation across market conditions. Government and corporate bond markets, money markets, and foreign exchange and derivative markets should channel long-term savings into investment and enable management of interest-rate, currency and credit risks. Product innovation must serve genuine needs and be supported by suitability assessments, transparent disclosure, fair pricing, independent valuation and user risk-management capacity. Regulators, market institutions, issuers, investors and infrastructure providers share responsibility for resilient, transparent and trusted markets.
    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.

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      Customs & Trade

      What to know about Group of Seven summit in Canada that Trump will attend

      June 13, 2025

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      Toronto, Jun 13 (AP) US President Donald Trump will arrive Sunday for a Group of Seven summit in a country he has suggested should be annexed and as he wages a trade war with America's longstanding allies.

      Trump's calls to make Canada the 51st US state have infuriated Canadians, and Prime Minister Mark Carney, who won his office by pledging to confront the US president's increased aggression, now hosts the G7 summit.

      Carney asserted this week that Washington no longer plays a predominant role on the world stage, imposing tariffs for access to its markets and reducing its contributions to collective security.

      Carney has decided to abandon the annual practice of issuing a lengthy joint statement, or communique, at the summit's conclusion as French President Emmanuel Macron did at the G7 summit in France in 2019.

      The document typically outlines the consensus reached by leaders on summit issues and provides a roadmap for how they plan to tackle them.

      Trump roiled the 2017 meeting in Italy over the climate change passage in that summit's final statement. He then withdrew his support from the 2018 communiqué after complaining he had been slighted by then Canadian Prime Minister Justin Trudeau, the host that year.

      The leaders of the world's richest countries begin arriving Sunday in the resort town of Kananaskis, Alberta in the Canadian Rockies.

      Who will attend The Group of Seven comprises Canada, the United States, France, Italy, Japan, Germany and Britain. The European Union also attends as well as other heads of state who are not part of the G7 but have been invited by Carney.

      Ukrainian President Volodymyr Zelenskyy will attend and is expected to meet with Trump, a reunion coming just months after their contentious Oval Office encounter, which laid bare the risks of having a meeting with the US president.

      Other world leaders will be meeting with Trump both in a group setting and for bilateral talks, which are often precarious as foreign leaders must navigate between placating and confronting him.

      “Anything could happen. The Canadians would be crazy not to anticipate something. We can't tell. That's Trump stock and trade. He likes to keep everyone guessing,” said Robert Bothwell, a University of Toronto professor of Canadian history and international relations.

      “It all depends what kind of theater he's going to want to have,” he said.

      Mexican President Claudia Sheinbaum will attend and said she expects to have her first in-person meeting with Trump. On his way to Canada, Macron is making a notable stop in Greenland, the semi autonomous Danish territory that the US president has also suggested annexing.

      Among the other newcomers are German Chancellor Friedrich Merz, Prime Minister Keir Starmer and Japanese Prime Minister Shigeru Ishiba.

      Starmer will meet with Carney on Saturday in Ottawa before flying to Alberta.

      Carney also invited Indian Prime Minister Narendra Modi, despite accusations from Canada's national police force that agents of Modi's government were involved in “widespread” violence in Canada.

      Saudi Arabia's Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, was invited but will not attend.

      Will Trump upstage this G7 too? The 2018 G7 summit in Quebec was thrown into disarray after Trump called Trudeau “dishonest” and “weak," while complaining that he had been blindsided by Trudeau's criticism of Trump's tariff threats at a summit-ending news conference. Trump pulled out of the G7 group statement just as it was released.

      “We weren't too happy because we thought we managed to pull off a pretty good summit,” said Peter Boehm, Canada's deputy minister for the Quebec summit." The reaction — and I was with Mr Trudeau at the time — was a bit of disbelief." Boehm expects a chair's summary from Carney this year instead of a joint statement from the leaders.

      During the Quebec summit, Trump also insisted on Russia's readmission to the elite group, from which it was ousted in 2014 following President Vladimir Putin's annexation of Crimea.

      “Trump raised that at the foreign policy dinner," Boehm recalled. “It was a bit awkward because British Prime Minister Theresa May was there and some British citizens had just been killed by Russian operatives using a toxic agent.” Former Russian spy Sergei Skripal and his daughter, Yulia, were targeted in a nerve agent attack a few months before the Quebec summit in the English city of Salisbury.

      Looming tariffs US Ambassador to Canada Pete Hoekstra has said that Carney has been quietly holding direct talks with Trump about a trade deal in the lead up to the summit. Separately, top Canadian cabinet ministers have also been in Washington for negotiations in recent weeks.

      Trade tensions may be unavoidable. The United States runs trade deficits with all G7 countries except the United Kingdom. In an effort to balance what he describes as America's lopsided trade relations, Trump has imposed 10% import taxes — tariffs — on almost every country in the world. He also announced bigger tariffs, then suspended them, on countries that sell more to the United States than they buy.

      “The big X Factor (is) the looming tariffs,” said Max Bergmann of the Center for Strategic and International Studies.

      “The G7 is supposed to provide global economic governance. And the way the Europeans see it right now is that the country that's the source of major instability in global economic affairs is the United States.'' Trump's trade wars are already threatening the world economy. The World Bank on Tuesday sharply downgraded its forecast for global economic growth this year, citing “a substantial rise in trade barriers.'' A prelude to NATO summit NATO Secretary-General Mark Rutte will attend the G7 meeting ahead of this month's NATO summit and has said most US allies in the alliance endorse Trump's demand that they invest 5% of gross domestic product on their defense needs.

      Carney said this week Canada would meet NATO's current 2% target but seemed to suggest he would not support 5%, saying his goal is to protect Canadians, and not to satisfy NATO accountants.

      Why such a remote location Law enforcement overseeing security expect large protests but say protesters won't be able to get anywhere near Kananaskis, as access roads to the summit will be closed to the public.

      The Mounties say there will be designated G7 demonstration zones in Calgary and Banff, Alberta that will have live audio and video feeds, which will be broadcast to G7 leaders and delegations at the summit. Kananaskis also hosted a G8 summit in 2002. (AP) NSA NSA

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