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    US to impose steep tariffs on generic medicine imports from Aug 2028
    Asian shares edge higher after Wall Street climb, even as Brent oil keeps rising
    Rupee falls 11 paise to 96.36 against US dollar in early trade
    India Reaffirms Commitment to Rules-Based Multilateral Trading System at WTO Trade Policy Review in Geneva
    Government's Financial Inclusion Mission Continues to Foster Economic Empowerment Through Universal Banking, Social Security and Credit Access
    Tribunal absolves Lalit Modi of FEMA violation in 2009 South Africa IPL event
    NABARD sanctions Rs 15,056 cr for 6,175 rural infrastructure projects in Haryana
    SUPREME COURT HIGHLIGHTS
    Government and RBI Strengthen Digital Lending Ecosystem Through New Regulatory Framework, Digital Lending App Directory and Enhanced Customer Safeguar...
    A First for India: EbixCash World Money's Perpetual RBI Licence Brings Trade and Family Remittances Within Reach of Millions - Unlocking Opportunities...
    Rationalisation of Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 – Draft Rules for Comments
    CARD91 offers its comprehensive PPI Suite to Indian Overseas Bank with RuPay NCMC Capability
    Government Expands FTAs, Export Promotion Measures to Diversify Export Markets
    PLI Schemes Attract Over ₹2.40 Lakh Crore Investment, Generate More Than 14.15 Lakh Jobs
    SC issues notice on Venugopal Dhoot's plea against order upholding separate insolvency for VIL, VOVL
    Russian Technology Leaders Visit AVPL Drone City to Foster Industrial Collaboration
    India’s 8th Trade Policy Review at WTO Scheduled on 21 and 23 July 2026
    India Becomes a Party to the WTO Agreement on Fisheries Subsidies by Depositing its Instrument of Acceptance
    FIRST PRESS RELEASE OF INDEX OF CORE INDUSTRIES OF NEW SERIES WITH BASE YEAR 2022-23
    Central Bureau of Narcotics (CBN) India thwarts illegal trafficking of 12 crore Tramadol Hydrochloride, a.k.a. “fighter drug” tablets under “Ope...
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    July 22, 2026
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    Generic medicine import tariffs are designed to encourage domestic pharmaceutical manufacturing while preserving policy for patented, branded and innovative drugs.
    Generic medicine imports into the United States are proposed to remain duty-free for two years, followed by escalating tariffs. The structure is intended to encourage pharmaceutical companies to establish manufacturing plants and equipment in the United States, with higher duties applying where companies do not do so within the stated period. The policy is confined to generic drugs, while the approach for patented, branded and innovative medicines is stated to remain unchanged.
    July 22, 2026
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    Oil-driven inflation pressures may prompt higher interest rates, despite equity gains led by artificial-intelligence and semiconductor shares.
    Asian equity markets largely rose following Wall Street gains led by artificial-intelligence and semiconductor shares. Rising crude oil prices are identified as a renewed inflation risk that could encourage central banks to raise interest rates, slowing economic activity and affecting equity valuations. Japan's reliance on imported energy and the effects of a weaker yen on trade values and energy costs are also highlighted.
    July 22, 2026
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    Foreign exchange market volatility pressures the rupee as oil-linked geopolitical risks boost safe-haven dollar demand and prompt market monitoring.
    Foreign exchange market movement saw the rupee depreciate against the US dollar amid higher crude oil prices, geopolitical tensions affecting oil-shipment security, and safe-haven demand for the dollar. RBI measures intended to attract overseas deposits were reported to support market confidence through foreign-currency inflows. Dealers were monitoring possible RBI participation through state-owned banks to moderate currency volatility while permitting gradual exchange-rate adjustment and preventing disorderly market movements.
    July 22, 2026
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    Rules-based multilateral trade engagement guides India's policy review, highlighting digital reforms, trade facilitation and clarification of market measures.
    India's WTO Trade Policy Review reaffirms commitment to a transparent, rules-based, inclusive and development-oriented multilateral trading system. It identifies reforms in trade facilitation, digital customs, logistics modernisation, quality infrastructure, Digital Public Infrastructure, innovation, sustainability, agricultural resilience and regional trade agreements. WTO Members recognised India's economic resilience and customs and digital modernisation, while seeking clarification on trade and investment regimes, Quality Control Orders, trade-remedy measures and WTO reforms.
    July 22, 2026
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    Financial inclusion expands universal banking, social insurance, pensions and collateral-free credit for underserved households and entrepreneurs.
    Financial inclusion is pursued through universal banking under Pradhan Mantri Jan Dhan Yojana, social-security coverage through life, accident and pension schemes, and credit access for underserved borrowers. Pradhan Mantri Mudra Yojana provides collateral-free institutional finance to micro and small business units for income-generating activities. The Stand-Up India Scheme supports Scheduled Caste, Scheduled Tribe and women entrepreneurs through loans for greenfield projects in manufacturing, trading, services and agriculture-allied activities.
    July 21, 2026
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    Foreign exchange contravention liability requires evidence that the person was responsible for the overseas transfer in question.
    Foreign exchange transfer for the 2009 South Africa cricket tournament was examined under the Foreign Exchange Management Act after funds were moved to an overseas entity without prior Reserve Bank approval. The appellate tribunal set aside the penalty imposed on Lalit Modi, finding no material establishing that he was in charge of the relevant affairs or personally responsible for the alleged contravention. Liability for a foreign-exchange contravention must rest on evidence connecting the person proceeded against with responsibility for the impugned transaction.
    July 21, 2026
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    Rural infrastructure financing under RIDF supports irrigation, roads, water supply, cooperative digitisation, producer organisations and climate-resilient livelihoods.
    Rural Infrastructure Development Fund financing supports rural infrastructure in Haryana, including irrigation, roads and drinking-water assets. Rural cooperative strengthening includes digitisation and financial viability of Primary Agricultural Credit Societies, alongside promotion and financial support for Farmer Producer Organisations. Climate-resilient measures include watershed development, groundwater management, micro-irrigation, direct seeding of rice and vegetable clusters, supplemented by livelihood training for rural women and agricultural lending and project-appraisal support.
    July 21, 2026
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    Supreme Court proceedings address juvenile adult trials, insolvency, electoral representation, environmental funds and foreign-exchange complaint requirements.
    Supreme Court proceedings covered election representation, criminal justice, insolvency and regulatory compliance. The Court considered challenges concerning political-party merger approval, separate insolvency proceedings for group entities, and espionage charges. It sought responses on an appeal mechanism for persons excluded from the National Register of Citizens and alleged non-utilisation of environmental relief funds. Criminal matters included medical assessment for interim bail, a fresh trial in a blast case, and the principle that a juvenile accused of murder may face adult trial where statutory conditions for a heinous offence are met.
    July 21, 2026
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    Digital lending safeguards require verified app associations, responsible recovery, data privacy, grievance redressal and reporting channels against illegal loan apps.
    Digital lending safeguards include a public directory enabling customers to verify a digital lending app's association with a regulated entity. The Digital Lending Directions, 2025 impose mandatory requirements on recovery practices, data privacy and customer grievance redressal for regulated entities, lending service providers and digital lending apps. Measures also include blocking illegal loan applications following due process, cybercrime reporting channels, complaint facilities for unlawful money collection, and public awareness programmes on fraud prevention and risk mitigation.
    July 21, 2026
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    Authorised Dealer Category-II remittances expand to specified trade and family-maintenance payments under the revised FEMA framework.
    FEMA framework revisions described as effective from May 2026 expand Authorised Dealer Category-II activities to include specified trade remittances and family-maintenance remittances, subject to the applicable RBI and FEMA framework. EbixCash World Money Limited states that its perpetual AD-II licence carries this expanded scope. The release describes a non-bank channel for MSME and SME cross-border payments, supported by Nostro-account settlement, remittance and travel-card services, and technology-enabled compliance measures including document verification, sanctions screening, fraud detection and transaction monitoring.
    July 21, 2026
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    Foreign investment regulation: Draft rules propose simpler, principle-based compliance and clearer separation of procedural requirements from investment policy.
    Draft Foreign Exchange Management (Foreign Investment) Rules, 2026 propose a simplified, principle-based foreign investment framework. The proposals rationalise provisions, harmonise definitions, and separate procedural foreign-exchange requirements from foreign direct investment policy and sector-specific conditions. They aim to streamline procedures, reduce compliance burdens, enhance operational flexibility, and apply investor-neutral and investee-neutral provisions while preserving regulatory safeguards. The draft Rules remain subject to public consultation before finalisation.
    July 21, 2026
    Show AI Summary
    Prepaid payment instrument programme adds mobility and gift card capabilities with digital servicing subject to applicable programme conditions.
    Prepaid payment instrument programme launched for Indian Overseas Bank through CARD91's technology stack, incorporating RuPay National Common Mobility Card and Gift Card capabilities. The programme was implemented following requisite approvals, testing and compliance validation. The RuPay NCMC facility supports prepaid, tap-based payments for metro, bus and parking transactions, subject to the bank's programme conditions and user eligibility. Digital card servicing may include balance enquiry, transaction history, reload or top-up functions, and customer support, subject to applicable programme terms.
    July 21, 2026
    Show AI Summary
    Free trade agreements and e-commerce export reforms expand preferential market access, address non-tariff barriers, and support small exporters.
    Export market diversification is advanced through trade agreements, export-promotion measures and capacity building. Free Trade Agreements seek preferential market access, increased trade and investment, and support for labour-intensive exports, while technical barriers to trade provisions and engagement mechanisms address standards, regulatory requirements and non-tariff barriers. Cross-border e-commerce exports are supported through trade-finance and compliance assistance, E-Commerce Export Hubs, District Export Hubs, simplified courier-export procedures, reverse-logistics facilitation, logistics planning, duty-and-tax remission, and MSME export facilitation.
    July 21, 2026
    Show AI Summary
    Production Linked Incentive Schemes strengthen domestic manufacturing through investment support, export growth, employment generation, monitoring and eligibility reforms.
    Production Linked Incentive Schemes for 14 sectors promote domestic manufacturing, investment, exports, employment and global competitiveness. Overall coordination and monitoring rests with the Department for Promotion of Industry and Internal Trade, while sector-specific implementation is undertaken by the relevant ministries and departments. Implementation is periodically reviewed, with scheme modifications, rationalised guidelines, relaxation of specified eligibility conditions, project monitoring, stakeholder consultation and inter-ministerial issue resolution used to improve uptake and strengthen domestic manufacturing ecosystems.
    July 21, 2026
    Show AI Summary
    Separate corporate insolvency processes remain contested over foreign asset treatment, specialised resolution needs, and creditors' commercial decision-making.
    Separate corporate insolvency resolution processes for VIL and VOVL are disputed following reversal of an earlier consolidation direction. Independent processes were preferred because the entities operate in distinct sectors and may require specialised resolution, while creditors' choice was treated as commercial wisdom not ordinarily open to tribunal interference. The dispute also concerns whether foreign oil and gas assets should be treated as VIL assets, against the background of VIL's conversion from co-obligor to corporate guarantor to ring-fence those assets from domestic business liabilities.
    July 21, 2026
    Show AI Summary
    Drone technology collaboration promotes joint manufacturing, technology transfer, rural entrepreneurship and global market access through an integrated industrial ecosystem.
    India-Russia industrial collaboration in drone technology is proposed through engagement on technology transfer, joint manufacturing, research collaboration, investment, exports and global market access. Drone City is presented as an integrated ecosystem covering manufacturing, research and development, testing, certification support, skill development, incubation, warehousing, startup acceleration and international technology partnerships. Its expansion and panchayat-level entrepreneurship programme are expected to create rural drone enterprises and employment in manufacturing, component production, quality control, maintenance, logistics and technical support.
    July 21, 2026
    Show AI Summary
    WTO trade policy review will assess India's trade measures, transparency framework, reforms, and responses to member questions.
    India's eighth Trade Policy Review under the World Trade Organization framework examines its trade policies and developments during the 2021-2025 review period. The process uses a Government Report and a Secretariat Report and provides a comprehensive peer examination of border and behind-the-border trade measures to promote transparency, predictability and understanding. The review addresses trade agreements, Goods and Services Tax rationalisation, digital trade-facilitation measures, and Member questions on digitisation, MSMEs, women's economic participation, Viksit Bharat and the Atmanirbhar Bharat Abhiyan.
    July 21, 2026
    Show AI Summary
    Fisheries subsidy disciplines promote sustainable marine resource use while excluding aquaculture and inland fisheries from their scope.
    The WTO Agreement on Fisheries Subsidies disciplines subsidies concerning marine wild-capture fishing and fishing-related activities at sea. It prohibits subsidies linked to illegal, unreported and unregulated fishing and fishing of overfished stocks, promoting conservation and sustainable use of marine resources. Aquaculture and inland fisheries remain outside its scope. India's fisheries management framework is identified as supporting implementation while preserving policy space and safeguarding the interests of traditional and small-scale fishers.
    July 21, 2026
    Show AI Summary
    Revised Index of Core Industries adopts a new base year, adds iron ore, and revises sector measurement methodology.
    The revised Index of Core Industries series adopts 2022-23 as its base year, replaces the former series and expands coverage to nine industries by including iron ore. Steel is measured using gross production data, while only raw coal is retained to avoid double counting. Weights are derived from the corresponding Index of Industrial Production series and normalised to 100. A geometric-mean linking methodology connects the former and revised series. June 2026 provisional estimates show overall year-on-year ICI growth, led principally by iron ore and electricity.
    July 21, 2026
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    Risk-based export controls exposed alleged pharmaceutical diversion, prompting NDPS enforcement against transnational illicit opioid trafficking networks.
    Risk-based export controls and intelligence-led enforcement under the NDPS Act, 1985 addressed an alleged attempt to divert an export consignment of high-strength Tramadol Hydrochloride tablets into illicit international channels. Enquiries with the International Narcotics Control Board and competent authorities indicated that the declared destination had been misrepresented. The action involved seizure of the consignment and arrests of persons alleged to be connected with the export arrangement and conspiracy. The operation emphasises risk-based profiling, export-control scrutiny, intelligence sharing, and international coordination against pharmaceutical diversion and transnational drug trafficking.

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      OPPO K13 Turbo Series: Power. Precision. Performance. The Turbo Era Begins!

      August 5, 2025

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      Built for gamers and power users, the OPPO K13 Turbo Series sets new standards with flagship-grade chipsets, thermal efficiency, and immersive audio-visual enhancements for immersive gaming scenarios In today’s gaming-first world, performance is not just expected, it is demanded. Whether it’s surviving the final circle in BGMI or pulling off clutch moves in Call of Duty: Mobile, smartphone gamers need devices that deliver unwavering speed, thermal efficiency, and console-grade stability. Addressing this demand, OPPO introduces the K13 Turbo Series — a new benchmark in the mid-premium performance segment. The series features two distinct smartphones: the OPPO K13 Turbo Pro, tailored for performance seekers and multi-taskers with power packed performance, and the OPPO K13 Turbo, designed for those who seek a balance of powerful performance and all-round productivity.

      Flagship Performance Meets Future-Ready Intelligence The OPPO K13 Turbo Series introduces two powerhouse variants built to redefine performance in the mid-premium segment: the K13 Turbo Pro and the K13 Turbo. Designed for next-gen gaming and multitasking, both smartphones are powered by advanced 4nm chipsets—Snapdragon 8s Gen 4 and MediaTek Dimensity 8450, respectively—offering exceptional power efficiency, enhanced CPU and GPU performance, and reliable thermal management even under prolonged usage.

      The K13 Turbo Pro, equipped with the flagship-grade Snapdragon 8s Gen 4, delivers a 31% boost in CPU and a 49% improvement in GPU performance compared to the previous generation. This is made possible by a newly designed Adreno GPU with advanced sliced architecture—similar to what’s found in the Snapdragon 8 Elite. Whether it’s marathon gaming sessions, running high-performance apps, or multitasking with livestreams and social feeds, the K13 Turbo Pro ensures faster app launches, smooth frame delivery, and longer battery life without compromising responsiveness. The chipset also brings advanced on-device intelligence with a next-gen NPU optimised for low-power AI tasks and full support for Gemini AI capabilities, including real-time text summarisation, image understanding, and intelligent suggestions—all while preserving user privacy. The K13 Turbo Pro is future-ready with support for Wi-Fi 7, 5G peak speeds up to 4.2Gbps, and Bluetooth 6.0, ensuring fast and stable connectivity. Thanks to on-device GenAI integration, the device intelligently adapts to user behaviour with smart scene recognition, lag-free voice commands, and game-specific battery optimisations—offering a seamless and private AI experience without reliance on the cloud.

      Meanwhile, the K13 Turbo, powered by the high-performance MediaTek Dimensity 8450, takes a significant architectural leap forward. Its All-Big Core Architecture and larger L3 caches deliver up to 41% improvement in multi-core performance while consuming 40% less power than its predecessor, the Dimensity 8350. It is paired with the powerful ARM G720 MC7 GPU, delivering 25% higher peak graphics performance and sustained high FPS even under intense loads. Adding to its intelligence, the Dimensity 8450 integrates the upgraded NPU 880 for 40% better AI efficiency—enabling features such as real-time voice recognition, scene optimisation, and system-wide smart enhancements. This combination ensures that the K13 Turbo isn’t just built for gaming—it’s optimised for all-round productivity and AI-powered user experiences.

      Together, the K13 Turbo Pro and K13 Turbo represent the perfect blend of flagship-grade performance and future-ready intelligence, tailored to meet the needs of power users, gamers, and digital multitaskers alike.

      More Stable Frame Rate in Long-Term Gaming For mobile gamers, raw processing power is only part of the equation—the true mark of a performance smartphone lies in how well it can sustain that power over time. Issues like thermal throttling, overheating, and device slowdown can seriously impact extended gaming sessions. That’s why the OPPO K13 Turbo Series goes beyond speed, introducing an industry-first active + passive cooling system in its segment, designed to deliver long-lasting, lag-free gameplay.

      At the heart of this system is Storm Engine, OPPO’s custom gaming optimisation platform, paired with a powerful cooling “exhaust” fan and a large vapour chamber. This intelligent thermal architecture ensures stable frame rates and lower surface temperatures during marathon sessions, even under demanding conditions.

      Thanks to this advanced cooling setup, peak device temperatures were reduced by up to 2–4°C compared to rival smartphones—ensuring smoother, cooler, and uninterrupted performance under pressure. In internal lab tests, the K13 Turbo Pro consistently achieved the lowest overall temperature among competitors during a 3-hour gaming session at 25°C and 120 FPS. It also delivered higher sustained frame rates, outperforming even the Snapdragon 8 Gen 3—enabled by its next-gen GPU architecture.

      In a separate one-hour high-temperature gaming challenge conducted at 30°C, the K13 Turbo Pro recorded the highest average frame count in its class, firmly establishing its position as the top performer under real-world stress conditions.

      Super Frame, Super Clear, High Score With the Snapdragon 8s Gen 4, the K13 Turbo Pro enhances gaming visuals using a Snapdragon enhanced Super Frame + Super Resolution pipeline that intelligently boosts frame rates and upscales graphics in real time — all without requiring a separate display chip. The result: smoother motion and sharper details even in graphically demanding titles. Players benefit from: • Ultra-high frame rates for smoother motion and reduced lag.

      • Movie-grade HDR effects, bringing cinematic contrast and realism to supported games.

      • High-resolution rendering, improving in-game clarity by optimising the draw-call pipeline, especially beneficial in open-world or FPS environments.

      Not Afraid of Heavy Gaming Loads OPPO K13 Turbo Series is not afraid of heavy gaming loads. It brings gamers the highest sustained performance, lowest thermal rise, and highest frame count — up to 120FPS — among devices in its class, even under prolonged usage. This is made possible with active and passive cooling systems that comprise a cooling “exhaust” fan, a large vapour chamber, and a 7-layer graphite cooling system. This smart thermal system ensures minimal heat buildup and efficient dissipation, resulting in the lowest temperature difference between hands (just 1.2°C) — far lower than competing products at the same level. This allows for ergonomic comfort during extended gameplay, without the usual heat spots. So, whether you are playing back-to-back matches, pushing frame rates in Genshin Impact, or multitasking with livestreams and background downloads, the device remains cool, responsive, and ready to deliver smooth 120Hz performance.

      Pro-Touch Optimisation for Elite Gameplay The K13 Turbo Series does not just excel in power — it delivers a flagship-grade touch control ecosystem fine-tuned for competitive gaming. At its core is the Synopsys 3910P flagship touch IC, ensuring low-latency, high-precision responsiveness during intense multi-finger operations.

      Whether you are fine-tuning Aim Down Sight (ADS) scopes in BGMI, Gaming Hot Zones optimisation eliminates jitter and ensures touch accuracy through game-specific calibration. The Screen Protector Detection helps adjusts sensitivity to boost click accuracy to over 95%. Meanwhile, Splash Touch keeps controls responsive despite sweaty hands or droplets that is essential for long sessions. For gamers who use finger sleeves or accessories, Glove Mode ensures ultra-precise touch response—even with materials up to 5mm thick. Whether you're gaming outdoors or in colder environments, the screen is engineered to flawlessly register every tap, swipe, and flick without compromising accuracy.

      Immersive Gaming Ecosystem To elevate the overall gaming experience, the OPPO K13 Turbo Series comes equipped with Dual Stereo Speakers, OReality Audio that delivers a more spatial and realistic sound experience, allowing players to hear directional cues, footsteps, and in-game action with greater clarity and depth, enhancing both immersion and competitive advantage. OPPO’s Game Assistant unlocks pro-level features like: • One-Tap Replay lets you instantly capture clutch moments, whether it’s a last-second grenade kill or an ace round and share them with your squad, all without interrupting your gameplay.

      • Silent Launch helps you sneak into games during meetings, late-night sessions, or lectures by disabling launch animations, sounds, and pop-ups which is perfect for a quick match without drawing attention.

      • Footstep Enhancer, powered by OPPO’s proprietary low-latency audio algorithms, activates when gamers are using headphones and amplifies spatial audio cues — helping you detect enemy movement or pinpoint gunfire direction in FPS titles like CODM, and BGMI, giving you a critical edge in ranked matches.

      Game Without Limits With the OPPO K13 Turbo Series, users no longer have to choose between power, thermal control, and immersive gameplay. This series offers India’s only smartphone with an integrated cooling fan, a future-ready gaming experience, and real-world sustained performance that rivals flagship processors, redefining what gamers should expect in 2025.

      (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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