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    Rupee rises 22 paise to close at 94.51 against US dollar
    Electrifying India's vehicles can cut its import bill by USD 125 billion by 2050: Study
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    MIDC's role not just selling plots, but creation of conducive environment for development: CEO
    Decentro Wins Three Industry Honours for Fintech Infrastructure Innovation and Leadership in 2026
    Marching ahead with Responsibility and Growth - Keynote Address[Contributions by RBI colleague Shri Mohammed Majidullah, General Manager] delivered by...
    CCI directs Trustees’ Association of India, IDBI Trusteeship Services Ltd, Axis Trustee Services and SBI CAP Trustee Company to cease and desist fro...
    The Digital Textile Printer Revolution: How Konica Minolta NASSENGER is Preparing India for the Next Global Textile Opportunity
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    SC disposes of SEBI's pleas against NSE after Rs 1500-crore settlement
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    AssetPlus Launches Portfolio Management Services to Help MFD Partners Grow and Retain High-Net-Worth Clients
    APEDA Facilitates Flag-Off of 18 MT of NPOP-Certified Ethnic Rice from Tripura for Export to Austria and the Netherlands
    VR LIVIN’s ‘THE FIRST’ Records Sale of 20 Villas Within Two Days of Launch
    IAAPI Calls for GST Rationalisation to Support Growth and Consumer Demand in India’s Amusement Industry
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September 3, 2026
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FCNR(B) deposits strengthen foreign-exchange liquidity and support rupee appreciation alongside foreign portfolio inflows into government securities.
Foreign-currency inflows through FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened foreign-exchange liquidity and supported appreciation of the rupee against the US dollar. Foreign portfolio investment in government securities was linked to the abolition of withholding tax and long-term capital gains tax on such investment. Currency-market conditions were also influenced by foreign institutional equity purchases, global risk appetite, crude-oil prices and geopolitical tensions.
September 3, 2026
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Electric vehicle adoption can reduce transport import dependence while domestic battery manufacturing increases projected long-term savings.
Electric-vehicle adoption across road-transport segments is projected to reduce dependence on imported petrol and diesel, notwithstanding continuing battery imports. Accelerated electrification could reduce vehicle-related import expenditure substantially by 2050 because reduced oil imports are expected to exceed battery-import costs. Domestic cell-manufacturing capacity may further increase savings by combining rapid vehicle electrification with battery localisation.
September 3, 2026
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Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
Women's access to credit for livelihood expansion is to extend beyond Self-Help Groups to individual women members. Loan accessibility concerns include distance from bank branches, repeated visits to complete formalities, and inconsistent banking procedures. Regular State Rural Livelihood Mission meetings, bank participation, training, helplines, process improvements and coordination with bankers are intended to reduce barriers. Loan formalities are to be standardised across banks through a uniform process involving RBI and NABARD.
September 3, 2026
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Industrial development facilitation prioritises infrastructure, services, policy utilisation, and dry-port trade connectivity for businesses and agro-based farmers.
Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.
September 3, 2026
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Regulated fintech infrastructure recognition highlights integrated payment, identity and collections capabilities across embedded financial product delivery.
Decentro operates an integrated fintech infrastructure platform combining payment acceptance, identity verification, banking and AI-led collections through a unified integration layer. It holds Payment Aggregator authorisations for online and physical payments, a Payment Service Provider licence through its GIFT City entity, and certification for offline identity-verification workflows. These capabilities support embedded financial products, payment acceptance, lending collections and related financial workflows for enterprise users.
September 3, 2026
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Responsible NBFC and HFC growth requires technology-enabled inclusion, proportionate regulation, sound governance, liquidity discipline, customer protection and cyber resilience.
NBFCs and HFCs can complement bank-led credit delivery through last-mile reach, sector-specific expertise, digital infrastructure, consent-based data sharing and cash-flow-based underwriting. Sustainable growth requires strong liquidity risk management, governance, compliance culture, diversified funding, stress testing, early-warning systems, dynamic provisioning and sound underwriting standards. Proportionate scale-based regulation, digital lending standards and a substance-over-form approach seek to support innovation while preserving financial stability. Customer protection, responsible lending, grievance redressal, fair recovery conduct, cyber resilience and protection of customer data remain essential.
September 3, 2026
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Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.
September 3, 2026
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Digital textile printing enables flexible industrial production, shorter lead times, reduced screen dependency and sustainability-focused manufacturing for export markets.
Digital textile printing is presented as an industrial alternative to conventional screen printing, allowing direct production from digital design files with faster design changes, shorter lead times and flexibility across varying order quantities. Single-pass systems support high-volume production through fixed printing units and continuous fabric movement, while multipass platforms provide flexible production across natural, synthetic and specialised textiles. Digital production is associated with printing closer to demand, eliminating physical screens, reducing unnecessary production, and addressing wastewater reduction, chemical compliance, traceability and responsible manufacturing expectations.
September 3, 2026
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Economic growth and infrastructure investment were presented as supporting exports, skilled employment, connectivity, and long-term development.
Economic growth, export expansion and infrastructure investment are presented as interconnected drivers of India's development, global standing and employment opportunities. Infrastructure expenditure, railway expansion and improved transport connectivity are identified as measures intended to facilitate movement, simplify transportation, support trade and exports, and strengthen industrial and commercial activity. These measures are associated with the objective of a developed India by 2047 and enhanced employment, business and growth opportunities.
September 3, 2026
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Co-location and dark fibre settlement addressed allegations of preferential market-data access and speed advantages in trading.
SEBI's co-location and dark fibre matters involving NSE concerned allegations that certain stockbrokers obtained unfair preferential speed advantages to access market data and execute trades ahead of other investors. NSE pursued settlement applications covering both matters, and revised settlement terms increased the cumulative amount. Payments made by NSE together completed the agreed settlement amount.
September 3, 2026
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Preferential tariff treatment remains the condition for finalising the bilateral trade agreement and improving Indian export competitiveness.
Finalisation of the India-US Bilateral Trade Agreement is contingent on the United States extending preferential tariff treatment to India relative to competing supplier countries. Further negotiations are required following changes in the United States tariff environment. A comparative tariff advantage is intended to improve the price competitiveness of Indian goods in the United States market, particularly against competitors benefiting from lower duties under least-developed-country preferences or trade agreements.
September 3, 2026
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MSME secured lending equity capital, subject to regulatory approval, supports expansion without management-control change in operations.
Business Nextgen Finance Private Limited, a non-deposit taking non-banking financial company registered with the Reserve Bank of India, has raised Rs 215 crore in equity capital to expand secured credit for micro, small and medium enterprises. The transaction received prior Reserve Bank of India approval. The capital base will support secured lending scale-up, geographic expansion, technology investment and wider access to formal credit in underserved markets. The investment does not involve a change in management or day-to-day control.
September 3, 2026
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Money-laundering probes into narcotics trafficking rely on predicate police and narcotics cases and examine cross-border linkages.
Money-laundering investigation under the Prevention of Money Laundering Act involves coordinated searches in connection with multiple narcotics-trafficking matters. The investigation is founded on police and Narcotics Control Bureau FIRs and linked chargesheets concerning separate drug-trafficking allegations, including alleged trafficking in methamphetamine, marijuana and MDMA with suspected cross-border linkages.
September 3, 2026
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Conversational AI account management enables businesses to access payment information, settlement support, refunds, and payment links through WhatsApp.
RAY is a conversational AI account manager on WhatsApp that enables businesses to access payment information, support, and operational actions through messages or voice notes. It can provide payment summaries, analyse payment activity, monitor settlement status, generate payment links, and issue refunds. The AI assistant is designed to proactively identify payment-health issues, flag settlement events, recommend actions, and use merchant-specific context to support payment management without dashboard navigation.
September 3, 2026
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Portfolio management services distribution enables certified mutual fund distributors to digitally onboard and report for eligible high-net-worth clients through AssetPlus.
AssetPlus has launched Portfolio Management Services for certified Mutual Fund Distributor partners to digitally onboard, track, manage and report PMS investments for eligible high-net-worth clients. PMS distribution requires NISM Series-XXI-A certification and operates within the APRN distributor-registration framework. PMS comprises individually managed portfolios run by SEBI-registered Portfolio Managers and held in clients' demat accounts. The minimum investment is Rs. 50 lakh, and offerings are governed by the SEBI (Portfolio Managers) Regulations, 2020. The platform provides daily reconciliation of holdings, performance and valuations.
September 3, 2026
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NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.
September 3, 2026
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Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
VR LIVIN Ventures LLP launched 'THE FIRST', an 83-villa gated residential community in Madhavaram, North Chennai, which recorded sales of 20 villas during its first two launch days. The development includes smart-home villas and more than 50 lifestyle amenities, with access to nearby metro connectivity and social infrastructure. It forms part of the company's intended expansion of residential projects in Chennai and other South Indian locations.
September 3, 2026
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GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
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Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
September 3, 2026
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Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.

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Customs & Trade

HIGHLIGHTS AT 9 PM

August 4, 2025

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New Delhi: Following are the top stories of 9 pm: NATION CAL30 JH-SHIBU SOREN-4THLD DEATH

Veteran tribal leader Shibu Soren breaths his last at 81 Ranchi/New Delhi: JMM founder Shibu Soren, the veteran tribal leader who played a key role in Jharkhand's creation, breathed his last on Monday.

DEL61 JK LD PAHALGAM ATTACKERS

Security agencies say they have evidence confirming Pakistani nationality of Pahalgam attackers New Delhi: In a major development in the Pahalgam terror attack probe, security agencies have gathered evidence, including official documents from Pakistan and biometric data, confirming that the three slain terrorists involved in the horrific incident were Pakistani nationals, officials said here on Monday.

DEL58 EAM-BIMSTEC

We live in uncertain times, collective desire to see 'fair and representative' global order: EAM New Delhi: External Affairs Minister S Jaishankar on Monday said "we live in complicated and uncertain times" and a collective desire is to see a fair and representative global order, not one "dominated by a few".

DEL44 CBI-PWD-JAIN

Special court accepts CBI closure report in PWD hiring case against AAP leader Satyendar Jain New Delhi: In a major relief for AAP leader Satyendar Jain, a special court on Monday accepted CBI's closure report filed in a 2018 case against the former Delhi PWD minister and others related to alleged corruption in the hiring of a creative team for the department, noting that the "investigation found no criminal activity or wrongful loss to the government".

DEL46 NDA-MEETING-PM

PM Modi to address NDA parliamentary meeting on Tuesday New Delhi: Prime Minister Narendra Modi will address the BJP-led NDA parliamentary party meeting on Tuesday, a get-together of the ruling alliance's MPs which is being held after a considerable gap.

DEL54 INTERVIEW-MD HANEEFA-LADAKH

Statehood, sixth schedule top priority for Ladakh, says MP Mohmad Haneefa New Delhi: A democratic set-up and constitutional safeguards under the sixth schedule remain the priority for people of Ladakh, said MP Mohmad Haneefa, as he rued the slow pace of talks with the Union home ministry.

DEL53 PHILIPPINES-INDIA-MARCOS

Philippines President Marcos kicks off India visit, to hold talks with PM Modi on Aug 5 New Delhi: Philippines President Ferdinand R Marcos Jr. kicked off his five-day visit to India starting Monday, during which he will hold bilateral talks with Prime Minister Narendra Modi and take part in several engagements to bolster ties between the two countries.

DEL49 LD RAIN

Rain wreaks havoc in north with 3 drowning in U'khand; rivers in spate across UP New Delhi: Three people drowned in Uttarakhand and another three killed in Himachal Pradesh when their vehicle fell into a gorge after skidding off a wet road, as rain continued to wreak havoc in the region.

DEL33 DL-MP-2NDLD SNATCHING

MP R Sudha's gold chain snatched in Delhi's Chanakyapuri New Delhi: Congress MP R Sudha sustained minor injuries after her gold chain was snatched by unidentified persons in the diplomatic enclave of Chanakyapuri here while she was out on a morning walk on Monday, police said.

MDS22 KA-DHARMASTHALA-SKELETONS

Mass burial: Skeletal remains found at new site in Dharmasthala Dharmasthala (Karnataka): The Special Investigation Team (SIT) probing the alleged mass burial case in Dharmasthala on Monday recovered multiple skeletal remains from a new site identified by the anonymous complainant, police sources said.

LEGAL LGD31 SC-LD COLONEL

SC pulls up Punjab police officers in Colonel assault case; "Respect Army, You are sleeping peacefully because of them" New Delhi: The Supreme Court on Monday deplored the conduct of officers of the Punjab police accused of assaulting a Colonel over a parking dispute, reminding the police personnel that they are “sleeping peacefully" in their house because the Army is serving at the border and asked them to show some respect.

LGD12 SC-LD RAHUL

Remarks against Army: SC raps Rahul Gandhi but stays proceedings against him New Delhi: If you are a true Indian, you wouldn't say such a thing, the Supreme Court on Monday said as it censured Congress leader Rahul Gandhi over his alleged derogatory remarks about the Indian Army during his Bharat Jodo Yatra.

LGD16 SC-NCPCR-MADRASA

Shifting of madrasa students: Plea over NCPCR communications can go before HC, says SC New Delhi: The Supreme Court on Monday said the challenge to the communications issued by child rights body NCPCR urging states to shift students in unrecognised madrasas to government schools could be raised before the high court concerned.

FOREIGN FGN35 US-TRUMP-LD INDIA

Trump says he will 'substantially' raise tariffs on India over Russian oil purchase New York/Washington, Aug 4 (PTI) President Donald Trump on Monday said he will "substantially" raise US tariffs on India, accusing the country of buying massive amounts of Russian oil and selling it for big profits. By Yoshita Singh

FGN8 US-TRUMP-AIDE-INDIA

Not acceptable for India to continue financing Ukraine war by purchasing oil from Russia: Trump aide New York: India portrays itself as being one of America’s closest friends in the world, but imposes massive tariffs, engages in “cheating” on immigration policies, and its purchases of Russian oil are financing the Ukraine war, a top aide to President Donald Trump has alleged. By Yoshita Singh

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