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    India, US working towards interim trade agreement: MEA
    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
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    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
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    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
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    No guidelines to regulate online astrology platforms: Consumer affairs department to CIC
    Yellow.ai, a Global Leader in Enterprise Agentic AI, to Go Public via $550 Million Merger with Bluerock Acquisition Corp.
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    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.
    August 4, 2026
    Show AI Summary
    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
    Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
    August 4, 2026
    Show AI Summary
    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
    Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
    August 4, 2026
    Show AI Summary
    Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
    Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
    August 4, 2026
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    Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
    National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.
    August 3, 2026
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    Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
    Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.
    August 3, 2026
    Show AI Summary
    Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
    Online astrology platforms were reported as lacking specific regulatory guidelines within the consumer affairs department. The RTI application sought information on alleged unfair trade practices, investigations, complaints, licences, approvals, and applicable rules. The National Consumer Helpline stated that it had not investigated because it functions as a grievance-resolution platform. A revised factual response was required on investigations and complaint data, while queries concerning regulation, licences, approvals, and related investigations were to be transferred to the public authorities likely to hold that information.
    August 3, 2026
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    Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
    The proposed business combination would take Yellow.ai public through a definitive agreement with Bluerock Acquisition Corp., subject to customary closing conditions and shareholder approval. Bluerock intends to file a Form S-4 registration statement containing a proxy statement/prospectus for proxy solicitation and securities issuance in connection with the transaction. The communication is not an offer or solicitation and states that no securities offering may occur without compliance with applicable registration, qualification or exemption requirements. Transaction projections and anticipated benefits are forward-looking statements subject to material risks and uncertainties.
    August 3, 2026
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    Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
    India-Uzbekistan cooperation is proposed through co-investment, co-manufacturing and co-innovation, supported by the Bilateral Investment Treaty to promote investor confidence and reciprocal investment. Priority sectors include mining, textiles, healthcare, agriculture, food processing, digital technologies and advanced manufacturing. Trade facilitation measures include reducing trade barriers, mutual recognition of standards, approvals, testing and certification, customs digitalisation and improved trade routes. Regulators and standard-setting bodies are expected to cooperate under a structured, time-bound economic partnership.

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      City Of Dreams Sri Lanka Opens, Aims To Boost Travel, Business, And Lifestyle In South Asia

      August 25, 2025

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      New Delhi [India], August 21: With its glittering launch on August 2, 2025, City of Dreams Sri Lanka redefines luxury tourism in South Asia. This resort not only transforms Colombo’s skyline but also sets a new benchmark in hospitality, entertainment, and economic promise. Colombo witnessed a historic moment with the launch of City of Dreams Sri Lanka, a landmark development poised to reshape South Asian travel and tourism. Backed by a $1.2 billion investment and a decade of planning the luxury resort signals Sri Lanka’s bold entry onto the world’s luxury map. Developed by John Keells Holdings PLC (JKH) in collaboration with Melco Resorts & Entertainment (Melco), the opening of this destination represents more than the sum of its lavish amenities. It marks a transformative shift in Colombo’s identity, taking it from a gateway city to a globally recognised lifestyle and business hub. The grand opening was marked by an evening of spectacle and celebration, with Bollywood superstar Hrithik Roshan among the high-profile guests in attendance, adding star power to an event that already symbolised ambition on a comprehensive scale. An Iconic First for South Asia City of Dreams Sri Lanka holds the distinction of being South Asia’s first fully integrated resort. This status reflects the seamless combination of hospitality, gaming, retail, dining, and entertainment within one unified complex, offering guests a 360-degree lifestyle experience without ever needing to leave the premises. Until now, integrated resort models were largely synonymous with destinations like Macau, Las Vegas or Manila. With this launch, Sri Lanka joins the ranks of those international cities, becoming a pioneer in introducing this format to the South Asian region. The magnitude of the City of Dreams project is unprecedented in the region and is the largest luxury lifestyle development ever undertaken in the country. The project has been over a decade in the making and reflects deep confidence in the country’s tourism potential. From the outset, it was envisioned as a game-changing anchor for Colombo’s transformation into a modern city. World-Class Offerings Under One Roof City of Dreams Sri Lanka is a meticulously curated ecosystem, where hospitality, entertainment, business, shopping, dining and culture converge to deliver a seamless, world-class experience that rivals the best global destinations. What sets this integrated resort apart is not just its scale, but its soul. With over 1,000 artworks displayed across the property, including some exclusively commissioned pieces, the resort serves as a living gallery spotlighting Sri Lanka’s vibrant cultural identity. From hand-carved interiors to immersive multimedia installations, every detail has been carefully designed to celebrate local craftsmanship and heritage on a universal stage. The opening weekend itself was a celebration of this ethos, featuring international and local artists, dynamic performances and culinary showcases that reflected the resort’s promise: to create moments that are as inspiring as they are unforgettable. More than a landmark destination, City of Dreams Sri Lanka is a symbol of resilience and renewal, a new chapter for Colombo that blends tradition with transformation. Luxury Hospitality Redefined At the heart of the resort is Nüwa, the ultra-luxurious hotel brand by Melco and a highlight of the City of Dreams Sri Lanka experience. With 113 elegantly appointed rooms, Nüwa caters to the discerning traveller, offering world-class design, personalised service, and exclusive amenities. Complementing this is the Cinnamon Life hotel, a 687-room premium property that has been welcoming guests since October 2024. Known for its signature Sri Lankan warmth and contemporary comforts, Cinnamon Life adds depth to the resort’s hospitality offering. Together, the two hotels create a seamless blend of indulgence and accessibility, merging local charm with international finesse and placing Colombo firmly on the map of international luxury destinations. The Casino and Entertainment Edge City of Dreams brings a state-of-the-art casino to Colombo, operated to elevated gaming standards by Melco, a leader in luxury integrated resorts across Asia and Europe. Designed not just for high rollers but also as a vibrant entertainment zone, the venue attracts both leisure seekers and cultural tourists. Complementing the gaming floor are immersive entertainment spaces poised to host international performances, art showcases and live cultural acts, offering a platform for both global and Sri Lankan talent. Retail and Dining Experiences The Shoppes, which is the premium shopping promenade at City of Dreams Sri Lanka, features luxury brands, lifestyle boutiques, and concept stores curated to meet international standards. Retail therapy is elevated with a Sri Lankan touch, offering an eclectic blend of global and local. Gastronomy, too, takes centre stage. The resort boasts 17 distinctive dining outlets, including restaurants and bars helmed by internationally acclaimed chefs. From pan-Asian fine dining to regional specialties, the culinary offerings span a wide range of cuisines, promising an unforgettable gastronomic journey for every palate. Business Meets Leisure The resort’s MICE infrastructure (Meetings, Incentives, Conferences and Exhibitions) is designed to accommodate everything from intimate board meetings to major conferences. With cutting-edge technology and flexible venues, it opens new doors for Colombo as a premier business tourism destination in South Asia. Redefining Colombo’s Global Identity Strategically located in the heart of the city, City of Dreams Sri Lanka is more than a place to stay. It is a reason to visit Colombo. The integrated resort is positioned to drive a surge in international arrivals, especially from India, the Middle East, and Southeast Asia, reinforcing Sri Lanka’s tourism ambitions. For a long time, the island nation has been known for its beaches, tea estates and cultural heritage. With the City of Dreams, Colombo now stands out as a destination that balances heritage with world-class urban luxury. Moreover, this resort is not just for tourists. It is being marketed as a lifestyle hub for locals and global citizens alike. Residents, digital nomads, entrepreneurs, and creatives find in it a space where modern elegance, entertainment and Sri Lankan culture intersect. Its scale and ambition place Colombo in the same breath as established urban resort cities like Macau, Manila, and Limassol, all home to previous iterations of the City of Dreams brand. Economic and Cultural Impact City of Dreams Sri Lanka is poised to make a significant contribution to the nation’s economy and cultural landscape that is expected to generate over 20,000 direct and indirect employment opportunities - from hospitality and culinary arts to logistics and event management -- the development has opened new avenues for local skill development and long-term career advancement, empowering a diverse segment of the workforce. Beyond job creation, the resort is set to become a key driver of foreign exchange earnings. Positioned as a high-end destination that attracts affluent international travellers, it is likely to boost investor confidence and act as a catalyst for further foreign direct investment. This launch comes at a critical time in Sri Lanka’s economic journey, offering a sustainable model for growth and regional engagement. Melco Resorts & Entertainment is dedicated to bringing its expertise in luxury hospitality and entertainment to ensure that this project achieves the highest international standards. The company is committed to empowering local talent development through comprehensive training programs, creating meaningful career opportunities for the Sri Lankan workforce. Additionally, Melco will uphold the highest standards and implement industry’s best practices in responsible operations, ensuring a world-class experience that prioritizes excellence, safety, and sustainability. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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