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    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
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    India achieves near-universal banking coverage, with 99.92% of inhabited villages now served by a banking outlet
    Rupee rises for 6th day, gains 12 paise to 95.31 against US dollar as crude drops
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    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.
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    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
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    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
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    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
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    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
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    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.
    August 3, 2026
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    Concessional agricultural credit supports working capital, crop diversification, allied activities, and digital expansion under the Kisan Credit Card scheme.
    The Kisan Credit Card-Modified Interest Subvention Scheme provides concessional institutional credit to reduce farmers' interest burdens and improve timely working-capital access. The scheme is reported to support cropping intensity, multi-season cultivation, diversified crop portfolios, timely input use, and credit discipline through the Prompt Repayment Incentive. It also supports dairy, livestock, and fisheries-based income diversification. Credit-delivery measures include collateral-free lending, digital platforms, simplified applications, coverage expansion, and awareness campaigns. State-wise data tracks operative accounts, outstanding credit, and non-performing Kisan Credit Card accounts.
    August 3, 2026
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    Banking inclusion expands rural access while digital credit systems and payment security controls address service delivery and cyber fraud.
    Banking inclusion is pursued by providing banking outlets within a five-kilometre radius of inhabited villages, with branch expansion permitted subject to rural-coverage requirements and continuing assessment of uncovered areas. Agricultural credit delivery uses digital loan, beneficiary-verification, processing and claim-settlement systems. Digital payment security measures require minimum controls for payment channels and include fraud-intelligence sharing, artificial-intelligence-based identification of money-mule activity, digital lending-app analysis, cyber-incident reporting, public awareness campaigns and electronic-banking training.
    August 3, 2026
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    Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
    Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.

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      Arif Patel Launches a Global Scholarship Program to Empower Education

      September 11, 2025

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      Arif Patel has announced a scholarship program through his foundation, the Arif Patel Foundation. It is a scholarship and mentorship program that is designed to break financial barriers and provide access to quality higher education. As this program is globally launched, he believes that it will benefit all the students who want to pursue their studies but do not have resources. Mr. Arif Patel is the founder of Preston Trading and CEO of ABC Capital but now has decided to do more social work through his several scholarship programs and NGOs. Arif Patel made this announcement at a press conference in Dubai, where he highlighted the role of education in shaping societies and industries. “Knowledge is the foundation of every innovation we see in the world today. By supporting young students, we are not only helping them achieve their dreams but also investing in the progress of communities and the future of global industries,” he stated.

      Based on Patel's own experience, the team will initially start with students in two countries, the UAE and the UK and has set a target for how it is going to help more students from other countries. As per the plan, it may take the next three years to deliver its benefits to other parts of the world as well. The program offers financial aid for school, connections with professional mentorship networks, and career guidance opportunities.

      His Journey from Dubai to Global Leadership Arif Patel's philanthropic efforts are deeply connected to his own journey. A journey of struggle, education and entrepreneurial success. He was born on July 12, 1985, in Dubai, UAE, Patel. As he was brought up in a most luxurious and developed country, it was very early that he developed his early interest in technology, learning, and business. As a child, he had a strong desire to explore opportunities beyond conventional paths, which helped him make brave choices later in life.

      Arif Patel was very young when he had to take a tough decision. In 2010, he and his family planned to move to Preston, United States. But instead of diverting his focus from education, he pursued his bachelor’s degree at the University of Central Lancashire, where he deepened his interest in energy and engineering. He was also passionate about the energy industry and always wanted to explore more. But as he believes education is the best source of any learning, Arif Patel decided to continue his higher studies and went to Heriot-Watt University in Edinburgh, where he earned a Master’s degree in Petroleum Engineering.

      These academic foundations not only sharpened his technical expertise but also nurtured his ability to combine innovation with business strategy—an approach that became the hallmark of his career.

      The Entrepreneurial Rise: Preston Trading and Beyond After his education, Patel established his own company Preston Trading and started his professional journey. As of now, Preston Trading has grown into a leading force in oil and gas exploration, mining, and engineering services. Patel is the main pillar of the company and only under his creative leadership has the company gained recognition for its creative solutions, ethical practices, and strategic adaptability to market challenges.

      In addition to Preston Trading, Arif Patel also co-founded The UK Group, a business group to work together for building partnerships and fostering economic growth. As he has an ability to unite diverse talents and industries, he helped the group to gain a reputation in the international markets.

      In 2012, Arif Patel took on another role as a CEO of ABC Capital in Dubai. ABC Capital is an economic institution that focuses on investment strategies and global finance solutions. It's been more than two decades serving in the same role, and during this tenure, he has led ABC Capital to new heights, positioning it among the most respected firms in the industry. He has also been recognized as one of the Top 10 Best Investment Company Executives, which is a result of his skill in merging financial expertise with visionary leadership.

      His Leadership's Philosophy and Skills Inspire Arif Patel has a unique leadership style that is rooted in ethics, innovation, and empowerment. He has a firm belief that people who work for a company are its best asset. This is the main reason that he always focuses on creating an environment where people are encouraged to work together, be honest, and be creative.

      He has multiple skills, such as: • Strategic Planning and Analysis – Crafting long-term plans for sustainable growth.

      • Project Management—Ensures the execution of excellence across industries.

      • Negotiation and Conflict Resolution—Skilled at making global partnerships with win-win partnerships.

      • Technology Integration—Sharp to adopt any modern technologies, staying ahead of industry trends.

      Arif Patel has a sharp eye to recognize new possibilities and has the skills to find creative solutions for any problem, so people are eager to work with him. He is a highly respected leader in both the energy and finance industries.

      Philanthropy Beyond Business Patel has made several achievements and has earned global recognition through his successful business efforts, but his dedication to helping others is what makes his reputation what it is. Arif Patel is always committed to helping others. This is the main reason behind launching a scholarship program, as he thinks that being successful in business should lead to being responsible in the community.

      In addition to the education scholarship program, Patel has also been involved in healthcare projects, particularly the projects that improve access to medical facilities in underserved communities. Arif Patel is a sports lover and knows the role of sports in building discipline, teamwork, and resilience among young people. He has also made uncountable contributions to youth sports programs.

      At the press event, Patel shared, “Every accomplishment feels incomplete if it does not create value for others. I have clear vision that drives my businesses and charity i.e. to empower people, to enable progress, and leaving behind something meaningful." His Impact on Industries and Communities Through his ventures, Arif Patel has not only helped transform companies but has also influenced industries at the international level. He is known as a pioneer in energy innovation, while ABC Capital has become a trusted name in financial strategy and investment. He has made an easier way for many people to get education and medical care and to grow through his charitable work.

      Patel is an expert at balancing business with community service in his work, so people all over the world know him as a role model for aspiring leaders across the world.

      Builds a Lasting Legacy Arif Patel has a big future vision where he is not only limited to expanding his business, but he is also putting his efforts into building a legacy that integrates economic growth with social progress. Patel has set a standard for leadership that goes beyond boardrooms, where he engages new ideas in businesses and makes communities better at the same time.

      As he continues to steer his companies toward new horizons, his philanthropic endeavors—such as the scholarship initiative—serve as reminders that true success is measured not only in profits but also in the lives impacted along the way.

      Conclusion Arif Patel, who is a global business leader, started his journey from Dubai to Preston and has made a positive impact on society. Hisability to envision possibilities, create opportunities, and give back to society makes him not just a businessman but a changemaker. He has already launched his scholarship program and has a plan to expand this program with more aid in multiple countries. He continues to inspire industries, communities, and individuals who believe that success, when shared, has the power to transform the world.

      (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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