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    Rupee falls 6 paise to close 96.36 against US dollar
    India gets USD 20.72 bn forex inflows under swap facility since Jun: RBI
    J'khand aiming to increase GI-tagged products to 25, Atthe Mutton among those in pipeline: official
    Sensex declines by 443 pts on heavy selling in HDFC Bank, Axis Bank
    Strengthening Customer Grievance Redress: The Role of the Internal Ombudsman - Keynote address by Shri Swaminathan J, Deputy Governor at the Internal ...
    Nearly 55.49 Crore Users Onboarded on UPI as in June 2026
    Government and RBI Strengthen Fintech Ecosystem with Enhanced Regulatory Frameworks & Consumer Protection Actions
    SC gives Parsvnath Developers one week to deposit dues to homebuyers, warns next step is jail
    Rupee fell 14 paise to close 96.44 against US dollar
    SC to direct CBSE to implement Orissa HC verdict on APAAR consent forms across country
    APEDA Facilitates First Export of 24 MT Frozen French Fries from Uttarakhand to Iraq
    Fourth Edition of National Conference on Responsible Business Conduct (NCRBC) 2026 Concludes in New Delhi
    DRI seizes 15 kg methamphetamine, 4 kg pseudoephedrine, 85 lakh smuggled cigarettes, and 2 drone-dropped Pakistan-made pistols in nationwide operation...
    DRI intensifies crackdown on precious metals smuggling; seizes 15 kg smuggled gold, 20 kg silver and ₹2 crore cash in nationwide operations; 13 ...
    Union Minister of Commerce and Industry Shri Piyush Goyal concludes successful visit to Spain, Belgium, Finland and Estonia; strengthens India's econo...
    Trump wants Iran added to Russia sanctions bill
    HDFC Bank profit rises 5 pc to Rs 19,060 cr in Q1
    Indian-origin woman sentenced to 2 years jail over Covid business loan fraud in UK
    Onion growers welcome agri market near Vadhvan port, urge govt to develop Nashik as export hub
    Vizhinjam port to begin full EXIM operations from Aug 18
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    July 20, 2026
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    Foreign exchange market movement saw rupee depreciation amid geopolitical risk, higher crude prices, stronger dollar conditions and equity outflows.
    Foreign exchange market movement saw the rupee depreciate by 6 paise to close at 96.36 against the US dollar, amid global risk aversion, higher crude oil prices, escalating US-Iran tensions and rising US Treasury yields. Market commentary indicated that anticipated Reserve Bank of India intervention could limit further downside. The report also noted a stronger dollar index, domestic equity-market declines, foreign institutional equity outflows, and an increase in India's foreign exchange reserves.
    July 20, 2026
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    Concessional foreign-exchange swaps incentivise fresh FCNR(B) deposits and foreign borrowings to strengthen balance-of-payments liquidity.
    The concessional foreign-exchange swap facility incentivises fresh FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings to strengthen the balance of payments and support foreign-exchange liquidity. Its availability is time-limited, with FCNR(B) deposits eligible until September 2026 and OFCB and ECB inflows eligible until December 2026. Reported inflows were primarily mobilised through FCNR(B) deposits.
    July 20, 2026
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    Geographical indication recognition protects traditional product identity while supporting rural entrepreneurship, quality maintenance, digital access and artisan market opportunities.
    Geographical Indication recognition is being pursued for additional traditional products from Jharkhand to protect product identity and expand protected regional products. GI recognition supports cultural heritage, rural entrepreneurship and market access for artisans and primary producers. Post-registration measures emphasise product-quality maintenance and digital e-commerce access, alongside skill development, marketing initiatives, rural haats and support for non-farm sectors.
    July 20, 2026
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    Banking sector earnings concerns and geopolitical tensions pressured benchmark equities, while broader markets and selected defensive sectors gained.
    Indian benchmark equity indices declined following heavy selling in major private-sector banking shares amid concerns over weaker net interest margins and quarterly earnings. Banking and financial sector indices were the principal laggards. Renewed United States-Iran tensions, crude-oil concerns, global market weakness and reported foreign institutional investor equity sales added to investor caution. Broader domestic market indices nevertheless closed higher, with selected defensive and infrastructure-linked sectors recording gains.
    July 20, 2026
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    Internal Ombudsman independence strengthens fair customer grievance resolution, prevents escalation, and drives institutional learning from recurring complaint patterns.
    Internal Ombudsmen should independently review qualifying customer grievances to ensure fair, reasonable and timely internal resolution rather than mechanically affirming earlier decisions. Regulated entities should prevent eligible complaints from bypassing Internal Ombudsman review and should assess redress by the quality, transparency and fairness of outcomes, not merely complaint closure. Complaint patterns should be used for root cause analysis and institutional improvements, with Boards and senior management empowering Internal Ombudsmen and treating complaint trends as early-warning information. Technology may support analytics and faster processes but cannot replace judgment, empathy and impartiality.
    July 20, 2026
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    UPI security framework mandates advanced controls, alongside risk-based limits and authentication safeguards to strengthen payment ecosystem resilience.
    Unified Payments Interface is an NPCI-operated payment system authorised under the Payment and Settlement Systems Act, 2007. Cross-border UPI arrangements facilitate person-to-person remittances and person-to-merchant payments through partner institutions in multiple countries. Security measures include risk-based transaction limits, safeguards against unauthorised mobile-number changes and misuse of SMS-based authentication, and enhanced application-security requirements. The Comprehensive UPI Information Security Framework 2025 and Mobile Application Security Framework mandate advanced controls to strengthen UPI ecosystem safety and resilience.
    July 20, 2026
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    Fintech consumer protection strengthens payment security, data safeguards, innovation testing, fraud monitoring, cybercrime reporting, and public awareness mechanisms.
    Fintech regulation and consumer protection are being strengthened through self-regulatory standards, digital payment security controls, personal-data safeguards, regulatory sandbox testing, and cyber-fraud reporting mechanisms. The FinTech self-regulatory organisation framework promotes ethical conduct, market integrity, dispute resolution, transparency, and accountability. Banks must maintain minimum security controls for payment channels, supported by AI and machine-learning fraud monitoring for UPI transactions. Citizens may report cyber incidents and illegal loan apps through designated reporting channels, alongside awareness initiatives on fraud prevention and risk mitigation.
    July 20, 2026
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    Homebuyer order enforcement requires developer to deposit recoverable dues with interest, with imprisonment warned for continued non-compliance.
    Final homebuyer compensation and possession-related directions were enforced by requiring the developer and its officials to deposit the entire recoverable amount with annual interest in the court registry within one week. Existing asset freezes were to continue, and continued non-compliance could lead to imprisonment. The purchasers had obtained final regulatory compensation directions, but execution proceedings, notices and warrants had not resulted in payment or possession. Third-party rights and transfer of possession were restrained pending compliance.
    July 20, 2026
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    Foreign-exchange market pressure weakened the rupee as crude prices, geopolitical risk and dollar strength increased, with intervention offering support.
    Foreign-exchange market movement saw the rupee depreciate against the US dollar amid global risk aversion, higher crude oil prices, geopolitical tensions, and rising US Treasury yields. Reserve Bank of India intervention was identified as a potential support mechanism capable of limiting downside pressure. Higher dollar-index levels, domestic equity-market movements, foreign institutional equity outflows, and an increase in India's foreign-exchange reserves were also noted as relevant market conditions.
    July 20, 2026
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    Parental consent in APAAR enrolment requires a genuine opt-out option and compliance with personal data protection safeguards.
    APAAR consent procedures were questioned because a scheme described as voluntary may effectively require Aadhaar enrolment and condition educational access on an academic identifier. The Orissa High Court direction required the model consent form to give parents an express option to refuse consent or opt out before enrolment. Concerns included informed parental consent, withdrawal of consent, long-term storage of children's educational records and privacy protections. Educational circulars remain subject to the Digital Personal Data Protection Act, and any data-processing framework must comply with applicable consent requirements.
    July 20, 2026
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    Agricultural export facilitation supports frozen potato product market access through trade promotion and state logistics assistance for exporters.
    Agricultural export facilitation supported the first export of frozen French fries from Uttarakhand to Iraq, promoting value-added agricultural exports and processed food market access. APEDA assisted the exporter through international trade exhibitions for buyer engagement and market outreach. Logistics costs affecting landlocked-state exports are being addressed through work on a State Agri Export Policy, including transport assistance provisions to improve competitiveness, strengthen export infrastructure and support participation in export-oriented agricultural supply chains.
    July 20, 2026
    Show AI Summary
    Responsible business conduct requires credible ESG disclosures, sector-specific reporting, supply-chain due diligence and inclusive MSME participation for sustainable development.
    Responsible business conduct and ESG integration were presented as constitutional and legal obligations connected with environmental protection, social equity, human dignity and sustainable development. ESG was discussed as extending beyond compliance to support resilience, risk management and sustainable innovation. Key priorities included credible, comparable and reliable disclosures; sector-specific reporting responsive to materiality and data gaps; responsible value-chain due diligence; MSME capacity-building; technology-enabled traceability; credible assurance; and rigorous, comparable environmental metrics. Capacity-building, policy research and partnerships were identified as important to advancing inclusive ESG adoption.
    July 20, 2026
    Show AI Summary
    Intelligence-led anti-smuggling enforcement disrupts narcotics, illicit tobacco and cross-border arms trafficking through coordinated seizures and arrests.
    Intelligence-led operations addressed narcotics smuggling, illicit tobacco trade and cross-border arms trafficking. Methamphetamine allegedly smuggled from Myanmar and pseudoephedrine intended for illegal export were seized, with arrests made under the NDPS Act, 1985. An import container falsely declared as carrying plastic storage boxes contained smuggled foreign-made cigarettes. Drone-dropped parcels containing Pakistan-made pistols were recovered near the international border and handed to jurisdictional police for action under the Arms Act, 1959.
    July 20, 2026
    Show AI Summary
    Precious-metals smuggling enforcement targets concealed gold transport, illicit sale proceeds and airport insider facilitation networks.
    Organised precious-metals smuggling was targeted through intelligence-led operations involving seizures of foreign-origin gold, silver and cash believed to represent sale proceeds, with arrests of persons allegedly connected with possession, transport and facilitation of smuggled goods. The operations addressed concealment in luggage-frame rods, undergarments and specially fabricated vehicle cavities, and included alleged airport-staff assistance in clandestinely removing smuggled gold during passenger transit.
    July 20, 2026
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    India-EU economic cooperation advances through FTA implementation, investment facilitation, digital partnerships, manufacturing collaboration and market-access discussions across Europe.
    India advanced economic engagement with European partners through discussions on trade, investment, technology cooperation, manufacturing, digital infrastructure and market access. The engagements emphasised early signing and implementation of the India-EU Free Trade Agreement, investment protection, geographical indications, regulatory cooperation and professional mobility. Cooperation initiatives included digital payments interoperability, artificial intelligence, advanced manufacturing, clean energy, cybersecurity, fintech, telecom, research and supply-chain resilience. European businesses were encouraged to establish India as a manufacturing, innovation and export hub, including through opportunities for MSMEs, startups and future-oriented sectors.
    July 19, 2026
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    Russian oil purchase tariffs would target major buyers and sanctions-evasion facilitators, with specified energy, nuclear and cooperation exemptions.
    Proposed United States legislation on Russian sanctions would impose tariffs on imports from countries identified as major purchasers of Russian crude oil or natural gas or leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustment based on purchasing behaviour, while exempting specified reduced natural-gas imports, United States uranium purchases for nuclear and medical needs, and certain nuclear and space cooperation. The revised proposal also addresses sanctions-evasion fleets and Chinese support for Russia's defence industrial base.
    July 18, 2026
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    Corporate governance and asset quality improvements accompany stronger banking profitability amid continuing leadership reappointment considerations.
    Banking-sector performance reporting records higher profitability, improved asset quality and lower provisions for bad loans, although operating profit declined and capital adequacy moderated. Corporate governance developments include appointment of a part-time chairman following the former chairman's resignation and concerns about internal practices. The chairman's prior financial-services role was associated with actions against shell companies and ponzi schemes targeting black-money structures. Reappointment of the managing director and chief executive officer remains subject to committee consideration.
    July 18, 2026
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    Covid business loan fraud involved inflated turnover, duplicate applications, personal diversion, and criminal sentencing with recovery action.
    Covid business loan fraud involved false Bounce Back Loan applications based on inflated turnover, duplicate claims, and false declarations that funds would be used solely for business purposes. The loan proceeds were diverted to personal accounts for personal debts, personal finance, stocks and shares, and transfers between company accounts. The borrower pleaded guilty to fraud offences, received a custodial sentence, and faces recovery proceedings for the fraudulently obtained funds under the Proceeds of Crime Act 2002.
    July 18, 2026
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    Onion export infrastructure: growers seek a Nashik export hub, dedicated terminal and logistics link to global markets.
    Onion growers seek development of Nashik as a National Onion Export Hub linked to the proposed agricultural market near Vadhvan port. The proposed framework includes an onion export terminal, grading, sorting, packing, quality testing and customs-clearance facilities, and rail, container and cold-chain logistics. Additional requests include a stable national onion export policy, support for processing industries, direct farmer producer organisation participation in exports, an export promotion cell, and a training, research and export-guidance centre.
    July 18, 2026
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    EXIM operations at Vizhinjam will establish an international cargo gateway while retaining open-access common-user port services.
    Full export-import (EXIM) operations at Vizhinjam International Seaport are scheduled to commence from August 18, transitioning the port from a transshipment hub into an international cargo gateway. The launch is intended to reduce logistics costs, improve supply-chain efficiency, enhance export competitiveness, and support investment and employment. The port will continue as an open-access, common-user facility serving shipping companies on an equal basis.

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      Dignity is a Core Human Value Enshrined in the Constitution: Chief Justice of India & Speaker of the Lok Sabha at 11th L.M. Singhvi Memorial Lecture

      September 4, 2025

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      New Delhi, 4th September: “Human dignity refers to the intrinsic worth and respect owed to every human being simply by virtue of being a human being. In the context of the 21st century, this principle has acquired new significance as courts across the world and particularly in India grapple with complex questions arising from technological change, social transformation, and evolving notions of equality and liberty. But the discourse on human dignity in the 21st century cannot be meaningfully undertaken without first understanding the foundational principles laid down in the decades preceding it.” Hon’ble Mr. Justice B.R. Gavai, Chief Justice of India was the Keynote Speaker and Guest of Honour at the Eleventh Dr. L. M. Singhvi Memorial Lecture titled: *Human Dignity as the Soul of the Constitution: Judicial Reflections in the 21st Century.

      “The text of the Constitution explicitly situates dignity alongside the core values of liberty, equality, fraternity, and justice. As reflected in the Preamble, this linkage between dignity and the values of fraternity, unity, and integrity of the nation is significant, as it underscores the idea that respect for each individual is not merely a personal or social value, but a foundational principle for the cohesion of society itself,” he said. The Hon’ble Chief Justice further added that the judiciary has recognised that structural inequalities, historic injustices, and systemic discrimination can undermine the dignity of entire social groups, and that protecting their dignity requires affirmative measures, safeguards, and equality-oriented interventions. Through its jurisprudence, the Court has consistently emphasised that dignity encompasses social recognition, respect, and the opportunity for marginalised communities to participate fully and equally in society, extending beyond mere legal protection to address entrenched social hierarchies and exclusions. He thanked O.P. Jindal Global University and Dr. Abhishek Manu Singhvi, Senior Advocate, Supreme Court of India for the opportunity to speak on such a significant occasion.

      The Chief Guest, Hon’ble Mr. Om Birla, Speaker of the Lok Sabha, said, “The life of Dr. L. M. Singhvi was a remarkable one as a leading politician, constitutional and legal expert, writer, and poet. His life continues to inspire us even today to take up new work, to think in new ways, and to contribute to the nation. That is the true experience we gain from this lecture series. Dr. B. R. Ambedkar and the other framers of our Constitution envisioned a system that was rooted in humanity, fraternity, equality, justice for all, and equal rights for every individual. From the Preamble to the key provisions of the Constitution, the subject of human dignity was deeply deliberated in the Constituent Assembly debates. Our collective endeavour—whether in Parliament, in the executive, or in the judiciary—must be to strengthen democratic institutions in a way that ensures justice and dignity for every citizen.

      In these 75 years, we have worked to transform colonial laws to align them with India’s democratic values. Yet, despite constitutional provisions and reforms, challenges remain in safeguarding human dignity and protecting rights. It must always be remembered that the Constitution of India is not just a legal document. It is a living document that continuously guides us.” The Dr. L. M. Singhvi Memorial Lecture is held annually by O.P. Jindal Global University in honour of India’s leading legal expert Dr. L. M. Singhvi, a multifaceted personality, a jurist par excellence, thinker, orator, linguist, diplomat, lawyer, parliamentarian, author, interfaith exponent, cultural savant who made profound contributions to society as a statesman, diplomat, writer, and lawyer. Dr. Abhishek Manu Singhvi, Senior Advocate, Supreme Court of India & Member of Parliament instituted the Singhvi Endowment at O.P. Jindal Global University and the lecture series is held under its aegis.

      In his introduction, Dr. Abhishek Manu Singhvi, Senior Advocate, Supreme Court of India and MP, Rajya Sabha, said, “The Indian judiciary, to its great credit, has not treated dignity as a mere poetic flourish. It has treated it as a constitutional compass. One example is the evolution of Article 21 from a narrow protection of life and personal liberty, to a fountainhead of rights—livelihood to health, education, clean environment, and privacy to reproductive autonomy. What ties all these expansions together? It is the recognition that life without dignity is no life at all. It is the responsibility of all institutions: the legislature is supposed to honour dignity when it creates laws that empower the marginalised, protect the vulnerable, and equalise opportunity; the executive honours dignity when governance is transparent, fair, and responsive to the last person. Civil society honours dignity when it resists bigotry and builds bridges of understanding. We honour dignity even in the way in which we conduct public discourse—in an age of angry noise, dignity is in listening as much as in speaking, in respecting disagreement as much as in asserting belief.” He reminisced about the distinguished public life of his father Dr. L. M. Singhvi and said, “Dignity for him was not merely a constitutional idea, but a lived practice—to embody, exhibit, breathe, and live it more in political, legal, public, social, or cultural life.” In his Welcome Address, Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor, O.P. Jindal Global University, said, “Democracy is not just a system of governance, it is a culture of the human spirit. We gather today in memory of Dr. L. M. Singhvi, legal luminary, diplomat, jurist, parliamentarian, interfaith exponent, cultural custodian, and visionary. As India’s voice to the world, and the longest-serving diplomat in the UK, he articulated Indian values on the world stage with grace and substance. Dr. Singhvi championed unity, defined tolerance, and human understanding; whether through building the Nehru Centre in London or organising interfaith dialogues, he fostered bonds that transcended dogma. As custodian of culture and civilisation, literature and heritage, Dr. Singhvi was a prolific author, a cultural advocate, and a human rights champion. His belief in law as a moral force defined his public life. He influenced legal reforms, advocated for the creation of the Lokayukta, and helped shape India’s National Human Rights Commission.” Dr. Raj Kumar thanked the illustrious gathering, especially lauding the efforts of Shri Naveen Jindal, Member of Parliament and Chancellor, O.P. Jindal Global University, who conceived the idea of building a world-class institution in Sonipat.

      The Vote of Thanks was given by Mr. Avishkar Singhvi, Advocate, who said, “It is a profound honour for me to offer the vote of thanks at the culmination of the Eleventh Dr. L. M. Singhvi Memorial Lecture, an occasion which is much larger, with continuing scholarships, citations, seminars, and recognitions across the year. Tonight, we engage with an ideal—a vision of law, of democracy, and of human dignity, that continues to illumine our times.” The presenter of the event was Professor Shireen Moti, Associate Professor & Associate Dean, Jindal Global Law School, O.P. Jindal Global University.

      (Disclaimer: The above press release comes to you under an arrangement with O.P. Jindal Global University and PTI takes no editorial responsibility for the same.). PTI PWR

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