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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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    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.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    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.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    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.
    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
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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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      Dexian India and OREDA: Orchestrating Odisha’s Renewable Renaissance through Intelligent Digital Infrastructure

      June 21, 2025

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      In the digital commerce ecosystem, it’s not the strongest that thrive, but those that innovate, integrate, and adapt relentlessly.

      Odisha’s commitment to sustainable development is not just a policy decision, it is a vision in motion. At the heart of this green transition is the Odisha Renewable Energy Development Agency (OREDA), a dynamic institution under the Science & Technology Department, Government of Odisha, entrusted with driving decentralized renewable energy solutions across the state. Yet, as OREDA scales its impact, from solar rooftop installations to off-grid electrification, its digital backbone must evolve.

      The need of the hour is a robust, unified technology stack that integrates project management, asset tracking, CRM, and citizen support in real-time. At Dexian India, we believe our proven track record in intelligent, mission-driven systems for governments and enterprises aligns with OREDA’s next phase of digital modernization.

      With over two decades of experience and innovation, Dexian India brings cross-sector experience in supporting digital transformation across government and enterprise ecosystems. Its capabilities in smart governance platforms, AI-powered customer solutions, scalable infrastructure, and cybersecurity make it uniquely suited to architect the future of OREDA’s digital ecosystem.

      The OREDA Challenge: Fragmented Systems, Soaring Aspirations Established in 1984, OREDA has emerged as a nodal agency pushing the frontiers of renewable energy in Odisha. From implementing solar microgrids in tribal belts to providing clean cooking solutions to rural households, its work is both expansive and life-changing.

      To support this scale of transformation, the modernization of core systems becomes crucial. Currently, OREDA is advancing from earlier operational models to a digitally cohesive structure, one that enables: • Integrated Asset Records to streamline service delivery and eliminate fragmentation • Automated and Scalable Grievance Redressal to respond to increasing citizen interactions in real-time • Digitized Vendor Performance Monitoring to ensure service-level compliance • Unified Data Systems that eliminate silos and strengthen decision-making with actionable insights According to the Central Electricity Authority, Odisha aims to add over 5,000 MW of renewable energy capacity by 2030. To meet this ambition, OREDA needs a digital nerve center that enhances visibility, agility, and accountability.

      Dexian’s Vision: Orchestrating Digital Synergy for Sustainable Impact At Dexian India, transformation begins with insight. Through its collaborative digital frameworks, Dexian empowers organizations to convert complexity into clarity. For OREDA, this means an end-to-end solution that is modular yet unified, secure yet scalable, and tech-driven yet citizen-focused.

      “When digital solutions align with grassroots governance, the result is not just efficiency, it is empowerment,” says Venkat Lakshminarasimha, Executive Director, DISC – Solutions – India & Middle East at Dexian.

      Dexian’s approach to OREDA’s modernization is anchored in four strategic pillars: 1. Unified Project Management: From Gantt Charts to Ground Impact OREDA manages hundreds of concurrent projects, from solar cold storage in Kandhamal to smart street lighting in Bhubaneswar. Yet, the absence of real-time tracking impedes outcomes.

      Dexian proposes an intelligent Project Management Information System (PMIS) that ensures: • Milestone-Based Monitoring with visual dashboards across schemes • Geo-tagged Implementation to monitor vendor compliance • Automated Alerts for delays, budget overruns, or policy deviations The system will feature an integrated Work Breakdown Structure (WBS) that maps tasks to stakeholders, EPC vendors, district coordinators, and engineers, with traceable accountability.

      2. Intelligent CRM: Transforming Grievance Redressal into Citizen Delight Today’s citizens expect more than a toll-free number, they seek instant, informed, and empathetic responses. Dexian’s cloud-native CRM platform, customized for OREDA, elevates the service experience by offering: • Omni-channel Access via WhatsApp, IVR, SMS, Email, and a mobile app • Automated Ticketing & Escalation Engines ensuring SLA-bound closures • Sentiment Analysis and Voice-to-Text Feedback Capture Backed by a centralized knowledge base, the CRM will empower agents to resolve Level 1 queries autonomously, while routing complex tickets to technical experts or EPC teams.

      “The essence of service delivery lies in precision, pace, and personalization,” affirms Venkat. “That’s the bar we are setting for citizen engagement platforms.” 3. Strategic Asset Management: A Living Map of Odisha’s Renewable Landscape OREDA’s current asset base spans over 150,000 decentralized energy assets, including solar pumps, off-grid systems, and bio-energy plants. Tracking their status, health, and warranty lifecycles is mission-critical.

      Dexian’s Asset Intelligence Engine (AIE) enables real-time asset visibility by incorporating: • QR-Code Enabled Tagging for field-scannable asset IDs • Predictive Maintenance Algorithms to pre-empt failures • Vendor-linked SLA Dashboards ensuring compliance on replacements and repairs • Inventory Optimization using AI for spare part stocking and forecasting This solution ensures that each asset, whether in a coastal village or a tribal hamlet, has a digital identity, performance log, and actionable history.

      4. Contact Center of the Future: Always Available, Always Aware The proposed Support Center in Bhubaneswar will be reimagined as a Smart Service Nucleus, integrating voice, data, and human support with embedded intelligence.

      Dexian will deploy: • Cloud-based ACD (Automatic Call Distributor) with smart routing • IVR with Vernacular Language Options for broader inclusivity • AI-Powered Voice Bots to reduce call volume by 40% • Field Escalation Interface for L2 support and on-ground redressal Monthly analytics will evaluate metrics such as first-call resolution, agent productivity, citizen satisfaction scores, and unattended calls, ensuring continuous improvement.

      Security, Scalability, and Compliance at the Core In an era of increasing cyber vulnerabilities, Dexian's solution will be fully compliant with CERT-In guidelines and incorporate: • Data-at-Rest and In-Transit Encryption • Role-Based Access Control with Audit Trails • SSL Certification for All Portals • Third-party Vulnerability Assessment & Penetration Testing (VAPT) before launch Moreover, Dexian will host the solution on the Odisha State Data Centre (OSDC), ensuring data sovereignty, high availability, and seamless scalability.

      Capacity Building: Building Digital Champions Within OREDA Dexian believes that technological adoption is only as successful as the people behind it. Therefore, a structured Train-the-Trainer program will be rolled out, focusing on: • Hands-on CRM and PMIS usage • MIS report interpretation and analytics • Helpdesk management SOPs • Field team mobile app workflows A multilingual training kit, including videos, manuals, and live demos, will ensure stakeholders across hierarchies and regions are equipped and empowered.

      Why Dexian? The Proven Partner for Purpose-Driven Innovation Dexian India is not new to complexity. From empowering state governments in India to enabling NextGen GCCs for Fortune 500 clients, Dexian brings a blend of domain depth, execution excellence, and design thinking to the table.

      Here’s why OREDA can consider Dexian as a trusted implementation partner: • 80% First-Time Resolution Rate in similar citizen helpdesk implementations • Certified experts in Salesforce, SAP PM, Microsoft Dynamics, AWS, and ServiceNow • Dedicated Government Center of Excellence The Outcome: A Renewable Energy Ecosystem That Thinks, Learns, and Responds A modernized digital ecosystem would enable OREDA to more effectively monitor project implementation, respond to citizen feedback in a timely manner, and manage renewable energy infrastructure through data-driven insights. Dexian India, with its experience in building scalable public-sector platforms, can support this transition where required, offering technical expertise, system integration capabilities, and training frameworks tailored to OREDA’s operational needs.

      Final Thoughts: A Future Forged in Code, Collaboration, and Clean Energy Odisha stands at the cusp of a renewable revolution. With its unwavering focus on equity, inclusion, and sustainability, OREDA is ready to lead the charge. But to do so, it needs a technology partner that brings more than code, it needs conviction.

      Dexian India is that partner.

      Together, OREDA and Dexian can not only meet the 2030 renewable targets but redefine how citizens, governments, and clean energy coexist in a digitally empowered society.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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