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    Current account deficit widens to USD 6.2 bn in Jun: RBI data
    Concessional swap facility attracts USD 56.85 bn forex inflows: RBI
    DFS Highlights Mechanism for Timely Redressal of Insurance Policyholders’ Grievances
    Forex kitty jumps USD 14.14 bn to USD 707 bn in one of the biggest weekly expansions
    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
    50 tonnes of copper without e-way bills seized by Delhi GST, Railways joint team
    India's exports surge 19.6 pc in Jul; trade deficit widens to six-month high
    CBI ARRESTS CGST SUPERINTENDENT IN BRIBERY CASE
    The cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in Apr...
    Unlimit Mobile Ties Up with ICICI Bank Canada, RBC Royal Bank to Add Mobile Connectivity Benefits to Student GIC Journey
    Standard Chartered Accelerates India's GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
    IFSCA Grants Nexent Capital GIFT City Investment Banking License
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    August 14, 2026
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    Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
    India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
    August 14, 2026
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    Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
    The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
    August 14, 2026
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    Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
    Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
    August 14, 2026
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    Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
    India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
    August 14, 2026
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    Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
    Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
    August 14, 2026
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    Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
    Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
    August 14, 2026
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    International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
    International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
    August 14, 2026
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    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
    August 14, 2026
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    International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
    IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
    August 14, 2026
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    Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
    Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    August 13, 2026
    Show AI Summary
    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
    August 13, 2026
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    GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
    GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
    August 13, 2026
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    Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
    Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
    August 13, 2026
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    Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
    Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
    August 13, 2026
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    Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
    India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
    August 13, 2026
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    Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
    Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
    August 13, 2026
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    Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
    Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
    August 13, 2026
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    Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
    IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.

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      Neemrana Hotels Partners with the Uttar Pradesh and Madhya Pradesh State Governments for Two Heritage Restoration Projects under PPP Model

      July 25, 2025

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      Neemrana Hotels is reshaping more of India’s heritage at Jhansi’s Baruasagar Fort and Chanderi’s Raja-Rani Mahal. Look out for 2027 New Delhi, Delhi, India (NewsVoir) For nearly four decades, Neemrana Hotels has pioneered the art of reviving India’s forgotten architectural treasures, turning historical ruins into revenue-generating heritage ‘non-hotels’. These have breathed new life into 5000 years of India’s past frozen in forgotten ruins. This unique model — conservation through hospitality — has created a new ecosystem of jobs, tourism, and pride in regional identity across the current 18 Neemrana destinations spanning 7 states — now growing to 20 with these two new heritage destinations under the pioneering leadership of Aman Nath, Director and Sonavi Kaicker, CEO, Neemrana Hotels Pvt. Ltd who has played a key role in taking Aman Nath’s visionary work forward since 2010. Now, in a significant move that marks the power of PPP public-private partnerships to conserve India’s architectural wealth, Neemrana Hotels has joined hands with the Governments of Uttar Pradesh and Madhya Pradesh to restore and revitalize two ruins and create new destinations (under the PPP model). These collaborations are more than hotel projects — they are a shared national vision to preserve and present India’s cultural and architectural inheritance to both the domestic and global travellers. Neemrana Hotels will bring its signature “non-hotel” experience to: • Baruasagar Fort, in Jhansi, Uttar Pradesh, and • Raja Rani Mahal, in Chanderi, Madhya Pradesh The restoration work at both properties is now underway, with an official opening expected by 2027 for Baruasagar Fort and 2028 for Raja Rani Mahal. Relive the history of Baruasagar Fort, Jhansi Sitting right above the Baruasagar Lake, with commanding views of the surrounding Bundelkhand plains, the sprawling Baruasagar Fort spread across 7 acres is one of Jhansi’s most enduring and significant historic structures. Believed to have been constructed in the 18th century by the Bundela kings, the fort carries layers of historical association, particularly with the era of Rani Lakshmibai. According to several regional accounts and historical references, the fort was a strategic stronghold in the region, offering tactical advantages due to its elevation and proximity to Jhansi — the very land that played a defining role in India’s First War of Independence in 1857. The architecture of Baruasagar Fort is marked by massive stone ramparts, bastions, and the rugged defensive style characteristic of Bundela architecture. While nature has weathered its stones over time, the structure remains largely intact, providing a strong base for Neemrana’s sensitive (historically accurate restoration) revitalisation. When completed in 2027, this fort will be re-born as a one-of-a-kind experiential waterside property, allowing guests to stay in rooms that once hosted royals and warriors, overlooking the same landscapes that inspired legends. The first phase of restoration will include 25 guest rooms, a restaurant, a swimming pool, spa and various spaces for cultural activities, giving both Indian and international visitors an immersive journey into Bundelkhand’s lesser-known but powerful historical narrative. The destination will also be launched for intimate destination weddings. Raja Rani Mahal, Chanderi: Where heritage tourism meets the infamous Chanderi Silk Further south in Madhya Pradesh, in the timeless warp-and-weft town of Chanderi, Neemrana’s latest project sits like a forgotten jewel waiting to shine again. The Raja Rani Mahal, located in the Inner Town (Andar Sheher) of Chanderi near the historic Musa Bawdi, is a historical palace complex that reflects the legacy of medieval India’s architectural splendour. Built possibly during the 15th century and dating back further to the Khilji dynasty, the intimate palace consists of two architecturally distinct structures for Maharajas and Maharanis — the seven-storey Raja Mahal and the four-storey Rani Mahal — connected by a bridge and a secret passage— a unique design rarely found elsewhere in India. Chanderi is no stranger to heritage. Known widely for its handwoven silk and cotton textiles, Chanderi sarees, and fine architectural remains, the town has long been on the cultural tourism map. However, Neemrana’s restoration of Raja Rani Mahal promises to elevate Chanderi’s status even further — from a weaving town to a global heritage destination. This architectural marvel showcases intricate carvings, large courtyards, open pavilions, and gracefully designed stairways, all crafted in grey and white sandstone. The Raja Mahal is known for its elaborate detailing, while the Rani Mahal features a more delicate and intimate style, differing from its counterpart. The historical property will be restored into a boutique heritage experience with phase one comprising 10–12 guest rooms, each designed in harmony with the palace’s original materials and regional style. The property has also served as the backdrop for numerous Bollywood productions including Stree 2 and Sui Dhaga, giving it a visual familiarity and cinematic aura that guests will now be able to recognize and physically step into. The best time to visit is between October and March, when the weather is pleasant for exploration. Chanderi is well connected via NH 52 to Bhopal, Indore, and Gwalior — perfect for road trips by car or bus — and is also easily accessible through the rail network. Guests can expect to immerse themselves in an experience that blends Chanderi’s heritage with basic modern comforts — from a restaurant serving authentic regional cuisines like Bhutte Ka Kees, to an Ayurvedic wellness spa, experiences that help you stay active even on vacation, and vintage rooms adorned with local textiles that shall tell the story of the region. The project will also include collaborations with local artisans and weavers, helping bring sustainable livelihood to Chanderi’s communities and preserving its intangible heritage alongside the tangible. A New Route Through History Neemrana already operates Deo Bagh, a garden hotel of Gwalior housing Maratha temples and pavilions. With Raja Rani Mahal in Chanderi, Madhya Pradesh will now offer a dual-destination in Neemrana itinerary, ideal for travellers who wish to experience two different stories of India’s bygone era in one trip — one rooted in the Marathas era, the other in medieval Sultanate period. As with all the Neemrana restorations so far, both Baruasagar and Chanderi will offer authentic travel experiences that go beyond history and architecture. With multiple authentic experiences rooted in Indian heritage, along with indoor and outdoor dining spaces to savour local cuisines, these destinations are ideal for travellers of all age groups. State Governments and Neemrana Hotels: A Shared Vision for Heritage India This twin partnership of Neemrana Hotels with the Uttar Pradesh and Madhya Pradesh State Governments signals the proactive efforts of the governments that have been working to ensure that India’s architectural ruins of cultural and national significance are not just to be left abandoned, but preserved and restored in responsible heritage experiences of that region which will simultaneously generate local employment. With Neemrana leading the heritage restoration movement from the forefront, these sites become economic engines, cultural classrooms, and soulful sanctuaries — all at once. “In Neemrana’s hands, ruins are never ruined by adding luxury, they are restored with minimum modern intervention and maximum authenticity,” said a senior official associated with the project. By involving local artisans, reviving traditional skills, and promoting slow, meaningful travel, this model has proven both sustainable and scalable. About Neemrana Hotels Established in 1991, Neemrana Hotels has been a pioneer of the ‘non-hotel’ Hotel concept in India. Now with 20 Neemrana destinations across 8 states — by the sea, beside a serene lake, atop two-billion-year-old hills, along the Ganges, and deep in the Garhwal Himalayas — Neemrana is celebrated for blending restoration with hospitality, making India’s heritage not just accessible, but experiential and sustainable. With these new additions, Neemrana continues its noble mission: to preserve India, with Indians. Website: www.neemranahotels.com. Reservations: [email protected] (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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