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    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
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    India achieves near-universal banking coverage, with 99.92% of inhabited villages now served by a banking outlet
    Rupee rises for 6th day, gains 12 paise to 95.31 against US dollar as crude drops
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    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.
    August 3, 2026
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    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
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    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
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    Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
    India-Uzbekistan cooperation is proposed through co-investment, co-manufacturing and co-innovation, supported by the Bilateral Investment Treaty to promote investor confidence and reciprocal investment. Priority sectors include mining, textiles, healthcare, agriculture, food processing, digital technologies and advanced manufacturing. Trade facilitation measures include reducing trade barriers, mutual recognition of standards, approvals, testing and certification, customs digitalisation and improved trade routes. Regulators and standard-setting bodies are expected to cooperate under a structured, time-bound economic partnership.
    August 3, 2026
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    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.
    August 3, 2026
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    Banking inclusion expands rural access while digital credit systems and payment security controls address service delivery and cyber fraud.
    Banking inclusion is pursued by providing banking outlets within a five-kilometre radius of inhabited villages, with branch expansion permitted subject to rural-coverage requirements and continuing assessment of uncovered areas. Agricultural credit delivery uses digital loan, beneficiary-verification, processing and claim-settlement systems. Digital payment security measures require minimum controls for payment channels and include fraud-intelligence sharing, artificial-intelligence-based identification of money-mule activity, digital lending-app analysis, cyber-incident reporting, public awareness campaigns and electronic-banking training.
    August 3, 2026
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    Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
    Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.

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      Shashi Tharoor Delivers Lectures on India’s Values, Democracy & Civilization at Oxford and London organized by O.P. Jindal Global University

      July 9, 2025

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      Oxford & London, UK, 9 July 2025: In a series of distinguished lectures and discourses held in the United Kingdom, Dr. Shashi Tharoor, Member of Parliament, India, spoke about the enduring lessons from India’s civilizational heritage and the evolution of the Indian Constitution at 75. His lectures offered a powerful reflection on the trajectory of India’s constitutional democracy—its successes in protecting rights and freedoms, and the challenges that lie ahead as India approaches 100 years of independence in 2047. The landmark events were organized by O.P. Jindal Global University (JGU), India’s leading private university and an Institution of Eminence. The lectures were held at University College, Oxford and Somerville College, Oxford, and at the Honourable Society of the Inner Temple in London.

      At University College, Oxford, Dr. Tharoor delivered a compelling lecture on the theme: “An Immemorial Civilization: Lessons from India, Lessons for India.” He took the distinguished audience on a journey through more than 2,500 years of Indian history, emphasizing the nation’s legacy of religious tolerance, non-violence, and social justice. There are lessons to be drawn from India’s historical and mythical figures and also from modern reformers and leaders like Vivekananda and Mahatma Gandhi. India’s secularism and egalitarianism have been shaped by its ancient wisdom. No nation can be called democratic and progressive unless it combats the injustices faced by the marginalized and subjugated. Indian civilization, at its most luminous moments, has done exactly that, and our quest for modernist equality has always been forged through a struggle against orthodoxy, casteism, superstition and fundamentalist exclusion,” Dr. Tharoor said.

      He continued, “The task before us is not just to remember India, but to reimagine it—to draw from the deep wells of our immemorial inheritance the ethical resolve to confront contemporary inequities with courage, conviction and moral clarity, thus ensuring greater rights to the disenfranchised and those on the margins of our society.” In his address, Dr. Tharoor explained how, since the time of Ashoka, the great Mauryan emperor, the Indian ethos has promoted not merely tolerance but acceptance. “India and its memorial civilization has lessons for the world today: that one is free to strive and seek and arrive at one’s own conception of the Almighty. And the greatest truth is to acknowledge the existence of other truths! As Vivekananda said, Hinduism is a religion that taught the world not just tolerance, but acceptance.” At Somerville College, Oxford, Dr. Tharoor eloquently traced the journey of the Indian Constitution in a lecture titled “Indian Constitution at 75: Protecting Rights, Expanding Freedoms & Empowering Citizens.” He emphasized the enduring importance of the Constitution’s foundational ideals in guiding India through complex and diverse aspirations. “Our Constitution represents not only a legal framework but a social contract that has bound our diverse nation together. As we mark 75 years of its adoption, we must recommit ourselves to defending the rights and freedoms it enshrines for every citizen,” Dr. Tharoor remarked.

      Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor of O.P. Jindal Global University, introduced Dr. Tharoor at the events and spoke on the significance of global dialogue on constitutional values, democratic governance, and sustainability. “This occasion at Oxford reaffirms our belief that universities must be active participants in shaping democratic societies. The Indian Constitution is a living testament to the strength of democratic ideals, and Dr. Tharoor’s insights remind us of the need to protect, expand and renew those values across generations and borders,” said Professor Kumar. He added, “Dr. Tharoor is a leading public intellectual, writer, author and a beacon of the democratic process in India, having won four times from his constituency! This event is a celebration of intellectual engagement and institutional purpose. Dr. Tharoor’s powerful lecture inspires us to reaffirm our commitment to democratic values and global cooperation. As a global university, we are proud to bring together thought leaders and changemakers who shape the future of our world.” The discussions were further enriched by a response from Professor (Dr.) Shailendra Raj Mehta, O.P. Jindal Distinguished University Professor, who provided academic commentary and broader perspectives on the challenges and opportunities of constitutional governance.

      JGU’s Sustainable Development Report 2025 was also presented during the event by Professor Padmanabha Ramanujam, Dean of the Office of Academic Governance at JGU. The report highlights the university’s steadfast commitment to advancing the United Nations Sustainable Development Goals (SDGs) through its teaching, research, and institutional practices.

      The event began with welcome remarks by Professor (Dr.) Radhika Khosla, Research Director at the Oxford India Centre for Sustainable Development.

      At the Honourable Society of the Inner Temple in London, O.P. Jindal Global University hosted another public lecture by Dr. Tharoor on the theme: “India at 2047: The Future of the World’s Largest Democracy.” Offering deep insights into the current state of Indian democracy, its institutional achievements, and the need for vigilance in safeguarding its constitutional values, Dr. Tharoor said: “India’s democratic journey has been both remarkable and resilient, but it faces serious tests in the years ahead. Institutions matter, but the spirit behind those institutions matters even more.” He added, “I commend O.P. Jindal Global University for fostering important conversations on democracy and development at the global level.” Mr. Naveen Jindal, Chancellor of O.P. Jindal Global University and Member of Parliament (Lok Sabha), India, also addressed the distinguished gathering. He emphasized the need for a forward-looking vision for India in 2047, grounded in five core values: • Education: “Especially primary education, as the foundation needs to be strong. It’s a drop in the ocean to have started two universities—O.P. Jindal Global University and O.P. Jindal University in Chhattisgarh, which is an engineering university.” • Economy: “India’s economy needs to be strong, one that creates jobs and wealth for the nation. There needs to be a lot of action, risk-taking, investment and enterprise.” • Entrepreneurship: “The private sector in India is driven by very enterprising people. We need to nurture them and respect the wealth creators more.” • Energy: “Our future must be powered increasingly by clean, renewable, and sustainable energy. Empowerment means access to affordable energy for both the rich and the poor.” • Equality: “This is the soul of a true democracy, which lies in equality of opportunity—something we must ensure for all 1.4 billion of our citizens.” (Disclaimer: The above press release comes to you under an arrangement with O.P. Jindal Global University and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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