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    Rupee falls 3 paise to close at 95.40 against US dollar
    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
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    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
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    Rajya Sabha passes bill to tackle payment delays faced by MSMEs amid Opposition protests
    MPC's 3-day meeting begins amid expectations of status quo on interest rates
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    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.
    August 3, 2026
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    Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms.
    Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
    August 3, 2026
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    MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
    MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
    August 3, 2026
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    Monetary policy rate setting remains cautious as inflation, liquidity, growth and global uncertainty shape the policy stance.
    Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.

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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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