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    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
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    Gold rises Rs 1,000 to Rs 1.48 lakh/10g on fresh retail buying
    DFS Launches Protection & Indemnity Insurance Product under Bharat Maritime Insurance Pool (BMIP)
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    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
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    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
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    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
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    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
    Show AI Summary
    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
    Show AI Summary
    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
    Show AI Summary
    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
    July 30, 2026
    Show AI Summary
    Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
    The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
    July 30, 2026
    Show AI Summary
    Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
    Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.
    July 30, 2026
    Show AI Summary
    Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
    United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
    July 30, 2026
    Show AI Summary
    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
    Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
    July 30, 2026
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    Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
    Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.

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      Mayo Alumni Summit 2025: A Strategic Start to 150 Years of Legacy

      August 4, 2025

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      New Delhi, July 31, 2025 – The Mayo Alumni Summit 2025 marked a strong beginning to Mayo College's 150th-year celebrations. Held at the Hyatt Regency in New Delhi, the event brought together over 300 alumni and was organized by the Mayo Alumni Association Delhi (MAAD). More than a reunion, the summit served as a platform for dialogue on the institution’s future, addressing key themes such as real estate, artificial intelligence, and mental wellbeing. The event served as a prelude to the main 150th-anniversary celebrations scheduled in Ajmer from November 27–30, 2025, where generations of Mayo alumni will return to campus to commemorate the school’s heritage and continued influence.

      A Look Back, A Step Forward The summit began with opening remarks on the significance of the milestone and the role alumni continue to play in shaping Mayo College’s direction.

      Mr. Harmeet Singh, President of MAAD, described the 150-year anniversary as an opportunity to reconnect and align across generations. Ms. Pooja Kothari, President of the MCGS Alumni Association, referred to the “silent badge of honor” associated with being a Mayoite, adding that this legacy brings a responsibility to uphold its values going forward.

      Principal Mr. Saurav Sinha reinforced the idea that alumni play a vital role in the College’s growth. “When I speak to students, I remind them that every privilege they enjoy is a result of the path carved by their seniors,” he said.

      Mr. Pankaj Karna, Treasurer of MAAD and Managing Director of Maple Capital Advisors, introduced the evening’s themes—highlighting real estate as a topic of growing interest, AI as both a challenge and opportunity, and mental wellbeing as an area requiring greater attention.

      Real Estate Panel: Market Momentum and Diversification The first panel brought together real estate leaders to explore investment trends and sector shifts. The discussion featured Abhishek Bansal (Pacific Group), Ankur Gupta (Aashiana Housing), Ashwin Chaddha (Sotheby’s International Realty India), and Samir Jasuja (PropEquity), and was moderated by journalist Manisha Natarajan.

      Jasuja noted that “the real estate index has outperformed the Nifty by three times in the last four years, delivering a 450% return for listed property stocks,” while cautioning that this growth was largely supply-driven—highlighting the drop in Gurgaon's inventory from 60 to 9 months and a doubling of rental rates.

      Chaddha pointed to sustained demand for “trophy assets in Lutyens’ Delhi and South Bombay,” and cited Dubai’s $2.6 billion in $10 million-plus transactions in Q2 2025 as a benchmark.

      Gupta emphasized senior living as a growing niche, observing that “senior living communities now offer rental yields that outpace traditional residential and commercial assets,” supported by full occupancy and limited supply.

      Bansal discussed the resilience of retail real estate, stating that “well-managed retail properties deliver consistent year-on-year returns,” and underlined the increasing relevance of structured investment products like REITs and AIFs that offer “a transparent, regulated pathway to real estate returns.” The panel highlighted how the sector has significantly outperformed broader markets post-COVID, the supply constraints and declining inventory’s role in driving price escalation in key urban markets, senior living and trophy assets as differentiated, high-yield investments and Institutionalized vehicles like REITs and AIFs are enabling more accessible real estate participation. The discussion also identified the National Capital Region (NCR) and other Tier-1 markets as hotspots for the next 5–10 years.

      Artificial Intelligence: India’s Roadmap for Scaled Innovation Singh highlighted India’s strengths in open-source contributions—being the second-largest contributor on GitHub—and the prior constraints due to limited computing access. He noted that the India AI Mission now offers 40,000 subsidized GPUs at ₹65 per hour, significantly improving access. He also introduced AI Kosh, a platform offering standardized datasets, and referenced four indigenous foundation models being developed to ensure inclusive representation of India’s languages and contexts.

      Singh outlined thirty priority use-cases, such as AI tools for tuberculosis diagnosis and voice-based agricultural support and noted that a national AI framework—shaped by over 400 public comments—will be released by mid-August 2025.

      Bapna tempered fears of runaway “SuperAI,” explaining, “In my view, we are far away from that right now,” and urged a focus on near-term “AI–human augmentation” in education, healthcare, manufacturing, and governance. Both speakers emphasized the need for ethical oversight and human-in-the-loop governance. The conversation underscored India’s investment into democratizing AI infrastructure through subsidized compute access, AI Kosh and foundational models aimed to localize AI to India’s diverse needs and languages, AI’s hand in helping sectors like healthcare and education and the distant reality of SuperAI.

      Mental Wellbeing: Tools for Personal Resilience In the final session, Dr. Rachana Patni, Founder of The Matrix of Emotions, led a guided visualization exercise to introduce the topic of mental wellbeing. Using a “Wheel of Life” self-assessment tool, participants reflected on personal and professional dimensions of wellness.

      Dr. Patni discussed how external success can obscure internal imbalances and pointed out common behavioral patterns—from perfectionism to screen dependency—that affect mental health. She emphasized the need for self-awareness and accountability in maintaining long-term emotional and psychological resilience.

      Honoring Alumni and Looking Ahead Mayo Chronicles, the official Mayo Old Boys Society Magazine, was launched on July 19, 2025, at the Mayo Alumni Summit 2025 at Hyatt Regency, New Delhi. The launch ceremony was graced by Mr. Harmeet Singh, President MAAD, and Mr. Kirit S. Javali, Secretary MAAD & part of the Mayo Chronicles Editorial Team. Bhanu Pratap Singh, Member Mayo OBS executive committee also a member of the Editorial Team, virtually joined in to mark this significant occasion.

      The Mayo Alumni Summit 2025 successfully set the stage for the upcoming 150th celebrations, reinforcing the institution’s legacy and its commitment to the future. As one speaker aptly summarized: “Mayo doesn’t just build students—it builds legacies.” Mayo College Alumni Association of Delhi (MAAD) is a registered association for the alumni of Mayo College both boys and girls focused on alumni initiatives and activities that have been around networking, sports, alumni welfare and giving back to school. Mayo College, Ajmer is a prestigious residential school in India, It was established in 1875 to educate and nurture the princes of the royal families of Rajasthan. After Independence it emerged as one of the premier residential public schools with many well-known alumni across, government, armed forces, business, education, entertainments and other areas. Mayo College Girls school was established in 1987, a residential school adjoining the boy’s school both schools have built a reputation of being among the best residential schools in the country.

      Media Contact –Urja Khandhediya- 9599219903 & Jai Bhargava - 9829488422 (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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