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    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
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    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
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    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
    India's Market Opportunity is Growing, and the Trade is Taking Notice
    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
    Currently nine trade disputes pending against India under WTO rules: Govt
    MNLU Mumbai Launches MBA in Entrepreneurship & Digital Business Law
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    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
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    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    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.

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      Dadasaheb Phalke International Film Festival Announces the Top 10 Short Films of DPIFF 2025

      August 21, 2025

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      India’s Most Prestigious Film Festival & Award Ceremony celebrates cinematic brilliance and the rising voices of global storytelling Mumbai, India – 20 August 2025: Dadasaheb Phalke International Film Festival, India’s Most Prestigious Film Festival & Award Ceremony, has officially announced the Top 10 Short Films for the 2025 edition, marking yet another milestone in its journey of honouring cinematic brilliance and cultural narratives. Selected from thousands of entries worldwide, these 10 exceptional films represent the highest standards of independent cinema, carrying forward the legacy of Indian cinema’s founding father, Dadasaheb Phalke Ji, while celebrating innovation, diversity and storytelling that transcends borders. DPIFF 2025’s Top 10 Finalists share their thoughts on this recognition, their filmmaking journey, and what this prestigious selection means to them. 1. AVAR – THE INSEPARABLES: “Being shortlisted among the Top 10 at the prestigious Dadasaheb Phalke International Film Festival is an honour that reaffirms why I chose cinema — to move hearts and spark thought. This project, nurtured over five years, is my first work, and such recognition fills me with gratitude. I thank my team, whose passion turned vision into reality, and my family and well-wishers for their faith. This milestone inspires me to dream bigger and create stories that endure.” — Bipin Ramachandran 2. BREAK THE SILENCE: “Being selected among the Top 10 Short Films at DPIFF 2025 is an honour that fuels my passion for storytelling. Cinema has always been my way of connecting emotions with visuals, and this recognition reaffirms its power to spark meaningful conversations. Every frame of Break the Silence carries a piece of my soul, and I dedicate this milestone to my producer, team, mentors, and everyone who believed in our vision.” — Team Break The Silence 3. DESTINY: “I am truly humbled and grateful to see Destiny among the Top 10 films at the Dadasaheb Phalke International Film Festival 2025. This story was born from a deeply emotional space, exploring how tragedy can alter lives in painful yet transformative ways. A piece of my heart lives in this film, and having it recognized on such a prestigious stage reaffirms why I chose cinema — to touch lives and reflect our shared human journey.” — Vishakha Bhardwaj 4. DREAMING VINCENT: “Dreaming Vincent was both a challenge and a dream — reshooting episode 5 of Kurosawa’s ‘Dreams,’ a masterpiece that bridges art forms. For me, this film reflects the birth of artistic vision, captured in the light on the canvas. Being recognised at DPIFF 2025 is an exceptional honour on the Indian continent, a land of art, history, and culture. Cinema’s greatest power lies in connecting people across borders, sharing emotions, and celebrating the universality of human expression.” — Christian Candido 5. HUMSAFAR: “Hamsafar is a deeply personal story inspired by my grandfather’s life, where his radio became his truest companion. I wanted to portray this silent yet profound bond without conventional dialogue, capturing solitude, nostalgia, and resilience through pure emotion. For me, this film is not just storytelling, but a memory carried in my heart. To see Hamsafar recognised at DPIFF 2025 is an honour, reaffirming the power of cinema to celebrate Indian culture, emotional depth, and timeless companionship.” — Abhijeet A. Dalvi, Writer & Director 6. HUNAR: “HUNAR reflects how parents often impose their unfulfilled dreams on children, overlooking the real talent within them. As a filmmaker, I believe we are not the owners of our children but only mediums chosen to bring them into this world. Every child is a unique creation of God, blessed with their own skills. Our duty as parents is to nurture those gifts and give children wings of support, trust, and love—not chains that hold them back.” — Sujoy Mukherjee 7. JASWANDA: “We are truly grateful for JASWANDA to be recognised among the Top 10 Short Films at DPIFF. It is an honour when a festival of such scale acknowledges our work. We believe simple stories can enrich lives, and this film was made with complete heart and conviction. We are proud of the journey, and our greatest joy will be when it reaches more people through this prestigious platform, touching lives and spreading smiles through cinema.” — Team Jaswanda 8. JIJIVISHA: “Being selected among the Top 10 Short Films at DPIFF 2025 is an incredible honour. Jijivisha is a story of hope and resilience, and seeing it recognised on such a prestigious platform is deeply fulfilling. My filmmaking journey has always been about giving voice to emotions and stories that inspire. This recognition celebrates our team’s hard work and strengthens my belief in cinema’s power to connect, heal, and create change, sharing meaningful Indian stories with the world.” — Abhishek Loknar 9. KANMASHI: “I am deeply honoured that my short film Kanmashi has been selected among the Top 10 at the prestigious Dadasaheb Phalke International Film Festival 2025. This milestone reaffirms my belief in the power of storytelling and the value of creative exploration. Such recognition inspires me to pursue meaningful cinema with greater conviction. I am truly grateful to the festival for this honour, which I see not only as encouragement but also as a responsibility to create impactful films.” — Anjali Mukundam 10. NIGHT QUEEN: “It is deeply humbling for Night Queen to be named among the Top 10 Short Films at DPIFF 2025. Lakshmi’s story is one of quiet courage — the strength to live one’s truth even when society resists. I made this film hoping it would touch a few hearts, and this recognition shows it has reached much further. For that, I am truly grateful and encouraged to continue telling stories that give voice to resilience and authenticity.” — Naireeta Dasgupta These finalists were shortlisted through a rigorous process from the Top 100 → Top 50 → Top 21 → Top 10, reflecting months of evaluation and curation by the esteemed DPIFF jury panel. As Global Platform for Independent Cinema, DPIFF has earned its reputation as a cultural institution and cinematic benchmark, giving a platform to budding, independent filmmakers and global storytellers who dare to challenge conventions and reimagine the art of filmmaking. The shortlisted films will premiere at the DPIFF 2025 Short Film Screening Gala - the grand opening of the Dadasaheb Phalke International Film Festival Awards in Mumbai. The evaluation process will be conducted by Consulate Generals representing global cinema, Members of the DPIFF Advisory Board, Film Delegates and senior representatives from the Indian and international film fraternity. Recognition at the Grand Award Ceremony The filmmakers will not only gain recognition on a global platform but also compete for prestigious awards and cash prizes: • Best Short Film Award and Cash Prize of ₹1,00,000 • 1st Runner-Up – ₹15,000 + Memento • 2nd Runner-Up – ₹10,000 + Memento • 3rd Runner-Up – ₹5,000 + Memento The winners will be felicitated at the DPIFF 2025 Award Ceremony, an evening that will bring together the biggest stars of Indian cinema, international delegates, dignitaries, and cultural leaders, all under one unified emblem – one united roof. A Word from DPIFF CEO Abhishek Mishra Speaking on the announcement, Abhishek Mishra, CEO of DPIFF, said: "The journey of these short films from thousands of submissions to the Top 10 is a testament to the incredible power of storytelling that independent filmmakers bring to the global stage. At DPIFF, we see it as our responsibility to not only recognize cinematic brilliance but also to carry forward the legacy of Indian cinema by providing these voices with a global platform. The 2025 edition is set to be a grand celebration of creativity, culture, and cinema that inspires generations to come." About the Dadasaheb Phalke International Film Festival Dadasaheb Phalke International Film Festival (DPIFF) is a tribute to Late Shri Dhundiraj Govind Phalke, fondly remembered as the Father of Indian Cinema. Since its inception, DPIFF has grown into a globally recognized platform, followed by millions of cinephiles, filmmakers, and industry leaders with its telecast across 90+ countries. Each year, DPIFF brings together the Indian Film Industry, Television Industry, and International Film Fraternity to celebrate excellence across formats — from mainstream cinema to independent short films. With its prestige, credibility, and cultural relevance, DPIFF is widely regarded as India’s Most Prestigious Film Festival & Award Ceremony. Entries for Short Film Nominations are Live for the prestigious Dadasaheb Phalke International Film Festival 2026, Submit your Short Film at https://dpiff.in/nomination/ (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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