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    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
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    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.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    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.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    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.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
    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.
    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.
    August 4, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 3, 2026
    Show AI Summary
    Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
    Online astrology platforms were reported as lacking specific regulatory guidelines within the consumer affairs department. The RTI application sought information on alleged unfair trade practices, investigations, complaints, licences, approvals, and applicable rules. The National Consumer Helpline stated that it had not investigated because it functions as a grievance-resolution platform. A revised factual response was required on investigations and complaint data, while queries concerning regulation, licences, approvals, and related investigations were to be transferred to the public authorities likely to hold that information.
    August 3, 2026
    Show AI Summary
    Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
    The proposed business combination would take Yellow.ai public through a definitive agreement with Bluerock Acquisition Corp., subject to customary closing conditions and shareholder approval. Bluerock intends to file a Form S-4 registration statement containing a proxy statement/prospectus for proxy solicitation and securities issuance in connection with the transaction. The communication is not an offer or solicitation and states that no securities offering may occur without compliance with applicable registration, qualification or exemption requirements. Transaction projections and anticipated benefits are forward-looking statements subject to material risks and uncertainties.
    August 3, 2026
    Show AI Summary
    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.
    August 3, 2026
    Show AI Summary
    Concessional agricultural credit supports working capital, crop diversification, allied activities, and digital expansion under the Kisan Credit Card scheme.
    The Kisan Credit Card-Modified Interest Subvention Scheme provides concessional institutional credit to reduce farmers' interest burdens and improve timely working-capital access. The scheme is reported to support cropping intensity, multi-season cultivation, diversified crop portfolios, timely input use, and credit discipline through the Prompt Repayment Incentive. It also supports dairy, livestock, and fisheries-based income diversification. Credit-delivery measures include collateral-free lending, digital platforms, simplified applications, coverage expansion, and awareness campaigns. State-wise data tracks operative accounts, outstanding credit, and non-performing Kisan Credit Card accounts.

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      Segregating dreams from scrap: Seelampur's e-waste economy moves to shadows but doesn't stop

      June 15, 2025

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      New Delhi, Jun 15 (PTI) In the winding, congested alleyways of New Seelampur, a 500-foot stretch tucked deep inside east Delhi, life hums with the quiet rustle of wires, metal scraps, and fraying hopes.

      Every household here seems tied to the business of e-waste -- a world where old computers, phones, fridges, and their innards are torn down, stripped, sorted, and sold.

      But the story is no longer what it once was.

      As India’s e-waste policy evolves and the gaze of enforcement agencies intensifies, the epicentre of one of the world’s largest informal e-waste markets has quietly dispersed, not collapsed, but fragmented and slipped into the shadows.

      The business hasn’t ended, it has just moved -- to Loni, Muradabad, Meerut and smaller towns where it thrives away from the eyes of the regulators, the media, and digital scrutiny.

      “The volumes have not really reduced. The business is still alive, but just not visible in Delhi anymore,” says Vinod, programme officer at Toxics Link, an environmental NGO.

      “Two things are happening -- the market is moving out, and formal recyclers are taking some share, but the informal chain still dominates,” he adds.

      During a recent visit to the New Seelampur slum, PTI witnessed how this once-bustling hub has morphed into a quieter but deeply embedded network.

      As the reporter walked through the slum’s narrow lanes, nearly every doorway opened into a home where families were engaged in e-waste segregation.

      In a dimly-lit 6x6 feet room, 50-year-old Saleema sat hunched over a knee-high mound of cables. Her fingers, bent with arthritis, sort wires from morning to night, guided only by a low-watt bulb dangling from the tin roof.

      For 10 kg of wires, she earns Rs 50 -- slightly more if she finds slivers of copper.

      A single mother -- her alcoholic husband vanished into irrelevance years ago -- Saleema supports her three children.

      Her eldest son has been lodged in Tihar Jail for over a year on theft charges, still awaiting trial.

      “I have been doing this for over 30 years. This is the only life I’ve known,” she says.

      Next door, 19-year-old Shahheda sits outside her one-room home, her hands still hennaed from her wedding barely a month ago.

      Married into this community from Muradabad, she’s no stranger to the trade. After making breakfast for her family, she joins her husband and in-laws, segregating wires.

      “'Copper dekh rahe hain’... If we get a good amount, it helps us with daily expenses. It’s little, but it adds up,” she says.

      Nearby, Sajid Khan’s family of five is also neck-deep in dismantling old electronics.

      “'Pehle se kaam bahut kam ho gaya hai’. The buyers are there, but GST and high costs have driven things outside. It’s formalised now,” he says.

      His daughter attends school in the morning and returns to help in the evening -- a pattern repeated in many homes here.

      Twelve-year-old Sharmila (name changed) wants to become a doctor – and not just any doctor, but one who treats her neighbours, many of whom suffer from chronic ailments linked to toxic exposure.

      “After school, I help my father,” she says shyly, as she picks apart an old mobile charger.

      Her father, who did not wish to be named, is saving every rupee in the hope of breaking the cycle.

      “We want to leave this behind,” he says.

      On any given day, one might see an array of tasks being carried out here -- circuit boards being pried open, mobile phones separated into batteries, cases, and chips.

      For Rs 80, a technician will strip an old phone into saleable pieces. In the makeshift shanties, traders examine CRTs from old monitors, polishing the glass to resell in rural markets. Impure copper sells for Rs 600 per kg; pure fetches up to Rs 800.

      Each house is a microcosm of labour -- families bent over wires, children washing dismantled parts, mothers selling components to traders who come knocking. Yet, the total daily income rarely crosses Rs 500-Rs 1,000 per household.

      “e-waste is processed in phases -- from collection to dismantling to material recovery -- and each stage generates economic value,” explains Vinod from Toxics Link.

      “That’s why it survives. Every actor in the chain makes something, even if it’s meagre.” India's E-Waste (Management) Rules, 2022, was designed to tighten controls, making producers more responsible through extended producer responsibility (EPR). But the system still falls short.

      “How laws are made is not very important but how implementation takes place is the key, and that is where the gap is between implementation and the role of the informal sector -- these are two serious gaps,” says Satish Sinha, associate director, Toxics Link, which works closely in the sector.

      Only about 500,000 tonnes of e-waste were formally collected in 2021-22 -- out of more than 3 million tonnes generated.

      And even though companies are mandated to send waste to the authorised recyclers, loopholes abound, says public policy analyst Dharmesh Shah.

      “The rules fail to address the complexity of the ground reality, where informal actors-- scrap dealers, repair workshops, waste pickers-- continue to handle 95 per cent of this waste, in often unhealthy and unsafe conditions,” Shah says.

      Major loopholes remain in the current policy framework: discarded electronics often circulate as second-hand devices or mix into metal scrap, bypassing official EPR routes entirely, Shah says.

      "While the rules stipulate that only registered recyclers may handle e-waste, enforcement remains uneven. Producers can claim credits through registered partners, even if diverse waste streams never enter the formal system.

      “As a result, large volumes of e-waste stay untraced-- undermining both environmental objectives and formal accountability," he says.

      The imports of e-waste into India as second-hand goods further adds to the complication as there is no clear mechanism to differentiate between end-of-life products and genuinely refurbished items, he adds.

      Today, the work of burning wires, once openly done in Seelampur, is carried out quietly inside homes or relocated to the satellite towns.

      The Chinese-made wire stripping machines have replaced some manual labour, but not all. The actual dismantling -- sorting, stripping, burning -- is still largely done by hand. The traders now operate via phone calls, with less visibility.

      "When companies float tenders, the bigger traders come into the picture. But the leftovers trickle down into this chain. Informal recyclers often buy the same scrap at a cheaper rate through back channels. Formal ones follow the rules -- at least on paper. But the informal economy is still deeply entrenched,” Vinod says.

      New Seelampur’s e-waste business is no longer booming, but it hasn’t died. It has only decentralised -- faded into the alleys on the outskirts of Delhi.

      Yet, its people remain caught between survival and the slow poison of wires. There’s resilience here, but also resignation.

      “I don’t want this life for my daughter. But until I save enough money to move out, we keep pulling these wires apart," Sharmila's father says. PTI UZM ARI ARI

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