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    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
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August 6, 2026
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Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
August 6, 2026
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Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
August 6, 2026
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NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
August 6, 2026
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Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
August 6, 2026
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Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
August 6, 2026
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Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
August 6, 2026
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Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
August 6, 2026
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Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
August 6, 2026
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Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
August 6, 2026
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Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
August 6, 2026
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Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
August 6, 2026
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Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
August 5, 2026
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Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
August 5, 2026
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Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
August 5, 2026
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Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
August 5, 2026
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On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
August 5, 2026
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Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
August 5, 2026
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Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
August 5, 2026
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Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
August 5, 2026
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Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.

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Top 10 Leaders Empowering Future Generations Unveiled by Kiteskraft Productions LLP

June 30, 2025

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CHANDIGARH, India, June 30, 2025 /PRNewswire/ -- India's growth narrative is being powered by visionary leaders whose forward-thinking strategies and transformative leadership are redefining the nation's future. Top 10 Leaders Empowering Future Generations, an initiative by Kiteskraft Productions LLP, honors these trailblazers, changemakers, and pioneers who are revolutionizing industries and driving meaningful societal change. With bold ideas, unwavering dedication, and impactful contributions, they are not only empowering communities but also building the foundation for a more inclusive, dynamic, and progressive India.

Dr. Er. Ratnesh Gupta: Dr. Er. Ratnesh Gupta Ji is currently serving as the Training Officer at Govt. ITI Datia and holds multiple key roles including Junior Apprentice Advisor, Nodal Training & Placement Officer, District Incharge for the World Skill Competition, and Master Trainer under the Assembly Level Master Trainer program. As a member of the DM's 22 Commissions Team in Datia, he is actively contributing to community development and vocational excellence.

An academic achiever and former Director of GATEIIT Academy, he has led several training and development initiatives across Madhya Pradesh. His literary contributions are equally noteworthy — his book 'Aisa Desh Hai Mera' earned him the Indian Literature Award and the Bharat Kavya Ratna Samman, and he was recently named Best Poet of the Year 2025.

Dr. Gupta is the visionary behind the education app "Ratnesh Classes", and aspires to build it into a leading ed-tech platform. His work has earned him prestigious honors, including the Visionary Indian Award, Best Teacher Educator, and Most Inspiring Social Worker of the Year 2025.

Ar. Deepthi Peshkar: A Visionary in Sustainable Interior Design Ar. Deepthi Peshkar is a distinguished architect, interior designer, and academician, known for her contributions to sustainable and innovative design. As the founder of Shri Dhaatri Architects and Interior Designers in Hyderabad, she has led the firm successfully for over six years, offering expertise in interior design, architecture, and landscape design.

With a Master's degree in Architecture specializing in Interior Design from J.N.T.U., Hyderabad, and over 15 years of professional and academic experience, Ar. Peshkar blends creativity with practical insights. Her designs reflect a deep commitment to green buildings and sustainability, earning her the prestigious IGBC Accredited Professional status.

She is a registered architect with the Council of Architecture (CoA-INDIA), an associate member of the Indian Institute of Architects (IIA), and a registered associate member of the Institute of Indian Interior Designers (IIID).

Passionate about academia-industry collaboration, Ar. Peshkar continues to influence emerging designers while staying at the forefront of eco-conscious architecture. Her work stands as a testament to dedication, innovation, and sustainability in modern design.

Dr. Kiran Thakur: A Visionary Leader in Journalism, Banking, and Social Service Dr. Kiran Thakur is a dynamic leader whose impactful career spans journalism, cooperative banking, education, and social work. Beginning his journalistic journey in 1968, he rose to become Editor of Tarun Bharat, one of Maharashtra, Goa & Belgaum's leading dailies with eight editions. Under his visionary leadership, the newspaper embraced modern technology and grew its readership to over 1.5 million.

As the Founder Chairman of Lokmanya Multipurpose Co-op Society, Dr. Thakur steered its growth to over 213 branches across India. His pioneering work in cooperative banking earned him several honors, including the Rotary Leadership Award.

Deeply committed to education, he has led institutions like the South Konkan Education Society , Tarun Bharat Trust and Lokmanya Education Society, positively impacting thousands of students. His philanthropic initiatives through the Lokkalp Foundation (CSR) include 32 village adoption, youth festivals, and vital community services.

Dr. Thakur's contributions have been recognized with prestigious awards such as the Dr. N. B. Parulekar Award and an honorary D.Litt from Tilak Maharashtra Vidyapeeth. His life's work reflects a legacy of innovation, empowerment, and dedicated service to society.

Er. Jitendra Attri: ATTRICO TOOLS AND EQUIPMENTS PVT. LTD – BRAND OF THE YEAR 2025 Attrico Tools and Equipments Pvt. Ltd. has rapidly risen to prominence as a trailblazer in India's industrial tools and equipment sector. Under the visionary leadership of its MD & CEO, Er. Jitendra Attri, the company has been honored as the "Brand of the Year 2025", marking a milestone in its journey of excellence and innovation. Specializing in advanced material handling systems, industrial tools, and heavy machinery, Attrico plays a pivotal role in supporting large-scale manufacturing and infrastructure development across the country.

With an expansive sales and service network, the company has secured high-value contracts from leading national giants such as NTPC, BHEL, TATA, RELIANCE, ADANI, ULTRATECH, and the BIRLA Group. Renowned for its reliability, technical expertise, and timely project execution, Attrico continues to raise industry standards.

As it builds on its legacy of trust and performance, the company remains focused on its goal to become India's No.1 tools and equipment supply brand by 2026, powered by innovation and customer-centric strategies.

Dr. Rupali Singh: A Visionary in Academia and Corporate HR Dr. Rupali Singh is an accomplished academician and HR strategist, currently serving as Director and Professor at Atmiya University, Rajkot. With over 18 years of experience in higher education, corporate advisory, research, and policy development, she is a key figure in driving digital transformation in academia.

She holds a Ph.D. in Management from MNNIT Allahabad and a D.Litt. in HR from France, along with executive education from IIM Bangalore. As a Certified Independent Director, Dr. Singh advises corporate boards on governance, talent strategy, and institutional innovation.

Her excellence has been recognized with over 25 awards, including Bharat Gaurav Ratna, Bhartiya Naari Ratna, Humanitarian Excellence Award, Leadership Excellence Award, and The Times Award. She was also nominated for the Padma Shri in 2024 and invited to the Rashtrapati Bhawan for a national round table.

A prolific writer and dedicated mentor, Dr. Singh credits her success to her supportive husband and family.

She can be reached at: [email protected]| [email protected] Vijayasarswathy: Vijayasarswathy is an inspiring educationist and leader dedicated to empowering students and professionals. As Founder and Executive Director of Victory Pathways, she has positively impacted over 12,000 individuals through transformative educational solutions. Serving as Academic Director at Eduverse International, she boosted study abroad program participation by 30% with innovative program designs and, as an Overseas Education Consultant, successfully placed over 5,000 students in international universities. At Mahatma Global Gateway, she enhances career development initiatives, increasing internship placements by 30% in the first semester and improving job readiness scores by over 40%. Her resume and interview workshops raised successful job applications by 25%, while her partnerships with local businesses improved the university's placement rate by 15% within a year. With experience as an IB University Career Counselor and corporate trainer, she excels in curriculum development, counseling, and soft skills training. Her dedication continues to shape countless academic and professional journeys.

Dr. Soma Goho : Dr. Soma Goho – Visionary Educator & Child Development Pioneer Dr. Soma Goho is an Indian educator, author, and founder-director, widely recognized for her innovative work in empowering children through soft skills, brain development, and entrepreneurship training. She founded Promise Your Child for a Better Future, a pioneering initiative dedicated to unlocking the potential of young minds through cognitive and behavioral programs.

Her efforts span education, entrepreneurship, and brain science, establishing her as a leading force in personal and professional development for India's youth. Under her leadership, Promise Centre of Education has grown to over 60 centers across West Bengal, reaching 5,000+ children annually with personalized programs.

A former leather export professional, Dr. Goho's global exposure highlighted gaps in structured child development in India. This insight fueled her mission to create inclusive, future-ready learning models.

Her contributions include launching India's first digital abacus, and collaborating with universities in Canada, the UK, and Australia, opening international academic avenues.

Awarded by Assocham and Franchise India, Dr. Goho's journey exemplifies innovation, women's empowerment, and visionary leadership in education.

Dr. Arihant M Taleda: Dr. Arihant M Taleda – Pioneering Innovation with Purpose Dr. Arihant M Taleda has established itself as a dynamic force in the pharmaceutical industry, recognized for its unwavering commitment to delivering affordable, high-quality healthcare. Founded on the pillars of compassion, integrity, and ethical responsibility, the company specializes in producing generic medicines that adhere to stringent international standards of safety and efficacy.

Blending scientific innovation with traditional Ayurvedic wisdom, the company provides a range of cost-effective, holistic treatment solutions aimed at addressing diverse health needs. Its vision extends far beyond profit margins—by organizing health awareness campaigns, free medical camps, and community outreach initiatives, it continues to positively impact underserved populations.

Dr. Arihant M Taleda also champions environmental sustainability through eco-conscious operational practices and green manufacturing methods. With a growing global footprint, the company is expanding its reach into international markets while maintaining a strong foundation rooted in ethics, quality, and social responsibility. Its continued pursuit of excellence positions it as a forward-thinking brand leading the way in responsible pharmaceutical innovation.

Mrs. Priyabhashni Pathak: Born on October 1, 1972, in Bareilly, Uttar Pradesh, Mrs. Priyabhashni Pathak is a dynamic personality whose journey reflects dedication and versatility. She holds a postgraduate degree in Economics and law degrees including an LLB in Criminal Law and an LLM in Corporate Law. Since 1999, she has served as a Panel Lawyer for national and private banks, while also mentoring aspiring legal professionals. Her accomplishments go beyond law—she has participated in national beauty pageants, winning titles like Mrs. Bareilly, Mrs. Uttar Pradesh, and Mrs. India (Divine), exemplifying elegance and confidence. She is also a trained Kathak dancer, fitness enthusiast, and passionate gardener. Deeply committed to social causes, she serves as Vice-President of Pashu Poshan Kalyan Samiti, working actively for animal welfare. Notably, she has donated blood over 20 times in recent years. Mrs. Pathak's multifaceted life stands as a powerful example of how professional excellence and social responsibility can go hand in hand, inspiring others to pursue their passions with purpose.

Prof. (Dr.) Tapas Kumar Sar:– A Trailblazer in Pharmacology and Toxicology Prof. (Dr.) Tapas Kumar Sar, DSc, is a distinguished academic and researcher in Pharmacology and Toxicology with over 20 years of experience. He is renowned for pioneering work in combating antimicrobial resistance (AMR) through innovative herbal-antibiotic formulations. His research is published in reputed journals like Scientific Reports, Journal of Agricultural and Food Chemistry, Phytomedicine Plus, Biomedical and Biopharmaceutical Research, and European Journal of Drug Metabolism and Pharmacokinetics. He holds an international patent for his contributions to pharmacology and toxicology and received the Best Doctor Award 2025. As a Ph.D. supervisor, he has mentored numerous scholars and serves on the editorial boards of prestigious journals. He is also a Bentham Science Ambassador and World Research Fellow. Prof. Sar was named Innovative Professor of the Year by the Global Chamber of Consumer Rights and featured among the Top 10 Teachers in India by Adreneur Consultancy Solutions. As an accomplished author, he received the International Star Author Award 2025 for his literary contributions.

About Kiteskraft Productions LLP: Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more.

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

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