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    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
    Delhi govt to provide property Aadhaar cards; bring Land Records Bill: CM Rekha Gupta
    CCS discusses global security situation, supply chain constraints
    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
    Gold rises Rs 1,000 to Rs 1.48 lakh/10g on fresh retail buying
    DFS Launches Protection & Indemnity Insurance Product under Bharat Maritime Insurance Pool (BMIP)
    Investec Selects Infosys Finacle SaaS Platform on Microsoft Azure for Digital Banking Transformation
    Kotak Securities Earns Great Place to Work® Certification and Recognition Among India's Best Workplaces™ in Investments 2026
    India rises from 82nd to 57th in global rankings, in structural and pro-competitive reforms: Report by Competere Foundation
    Aadhaar enrolment in Manipur has reached 87-88 pc: Officials
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    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
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    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
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    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
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    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
    July 30, 2026
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    Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
    The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
    July 30, 2026
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    Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
    Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.
    July 30, 2026
    Show AI Summary
    Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
    United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
    July 30, 2026
    Show AI Summary
    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
    Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
    July 30, 2026
    Show AI Summary
    Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
    Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.
    July 30, 2026
    Show AI Summary
    Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
    Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
    July 30, 2026
    Show AI Summary
    Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
    Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
    July 30, 2026
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    Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
    Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.
    July 30, 2026
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    Aadhaar enrolment access expands through a new service centre, with coordinated efforts focused on improving young children's coverage.
    Aadhaar enrolment in Manipur has reached approximately 87-88 per cent, with comparatively lower coverage among children aged 0-5 years. The first Aadhaar Seva Kendra in Imphal has been inaugurated to expand access to enrolment and Aadhaar-related services. The State Government is coordinating with welfare and health departments, hospitals and UIDAI to improve young children's enrolment, alongside services available through Deputy Commissioners' offices and authorised enrolment centres.

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      Israeli troops press forward into Gaza City as more Palestinians flee and death toll passes 65,000

      September 18, 2025

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      Jerusalem, Sep 17 (AP) Israeli troops and tanks pushed deeper into Gaza City on Wednesday as more people fled the devastated area, and strikes cut off phone and internet services, making it harder for Palestinians to summon ambulances during the military's new offensive.

      Meanwhile, the Palestinian death toll in the Israel-Hamas war surpassed 65,000, local health officials said.

      The Israeli military said air force and artillery units have struck the city more than 150 times in the last few days, ahead of ground troops moving in. The strikes toppled high-rise towers in areas with densely populated tent camps. Israel claims the towers were being used by Hamas to watch troops.

      Regulators said the severed phone and internet services hindered the ability of Palestinians to call for help, coordinate evacuations or share details of the offensive that began Monday and aims to take full control of the city.

      Overnight strikes killed at least 16 people, including women and children, hospital officials reported. The death count in Gaza climbed to 65,062, according to Gaza's Health Ministry, which is part of the Hamas-run government. Another 1,65,697 Palestinians have been wounded since the October 7, 2023, attack by Hamas that triggered the war.

      The ministry does not say how many of the dead were civilians or militants. Its figures are seen as a reliable estimate by the UN and many independent experts.

      Israeli bombardment has destroyed vast areas of Gaza, displaced around 90 per cent of the population and caused a catastrophic humanitarian crisis, with experts saying Gaza City is experiencing famine.

      Palestinians streamed out of the city — some by car, others on foot. Israel opened another corridor south of Gaza City for two days beginning Wednesday to allow more people to evacuate.

      Israeli forces have carried out multiple large-scale raids into Gaza City over the course of the war, only to see militants regroup later. This time, Israel has pledged to take control of the entire city.

      More than half of the Palestinians killed in overnight Israeli strikes were in Gaza City, including a child and his mother who died in the Shati refugee camp, according to officials from Shifa Hospital, which received the casualties.

      In central Gaza, Al-Awda Hospital said an Israeli strike hit a house in the urban Nuseirat refugee camp, killing three, including a pregnant woman. Two parents and their child were also killed when a strike hit their tent in the Muwasi area west of the city of Khan Younis, said officials from Nasser Hospital, where the bodies were brought.

      In a statement, the Israeli military said it took steps to mitigate harm to civilians and that it would continue to operate against “terrorist organisations” in Gaza.

      The war in Gaza began when Hamas-led militants stormed into southern Israel in the 2023 attack, killing around 1,200 people, mostly civilians, and abducting 251 others. Forty-eight hostages remain in Gaza, with fewer than half believed to be alive.

      The Gaza Health Ministry said multiple Israeli strikes hit the Rantisi Hospital for children in Gaza City on Tuesday night. It posted pictures on Facebook showing the damaged roof, water tanks and rubble in a hospital hallway.

      The ministry said the strikes forced half of some 80 patients to flee the facility. About 40 patients, including four children in intensive care and eight premature babies, remained in the hospital with 30 medical workers, the ministry said.

      “This attack has once again shattered the illusion that hospitals or any place in Gaza are safe from Israel's genocide," said Fikr Shalltoot, Gaza director for the aid group Medical Aid for Palestinians.

      The Israeli military said it was looking into the strikes. In the past, it has accused Hamas of building military infrastructure inside civilian areas.

      The military's Arabic-language spokesman, Col. Avichay Adraee, wrote on social media that a new route opened for those heading south for two days starting at noon Wednesday.

      Many Palestinians in the north were cut off from the outside world. The Palestinian Telecommunications Regulatory Authority, based in the occupied West Bank, said Israeli strikes on the main network lines in northern Gaza had cut off internet and telephone services Wednesday morning. The Associated Press tried unsuccessfully to reach many people in Gaza City.

      The Israeli military said it was reviewing the incident and that it does not deliberately target public communication networks.

      An estimated 1 million Palestinians were living in the Gaza City region before warnings to evacuate began ahead of the offensive. The Israeli military estimates 350,000 people have left the city.

      Hamas senior official Ghazi Hamad made his first public appearance Wednesday following the Israeli strike on the militant group in Qatar earlier this month.

      Ghazi Hamad, a member of Hamas' political bureau, appeared in a live interview broadcast by the Qatari channel Al-Jazeera and accused the United States of being a bad mediator and siding with Israel.

      The Hamas negotiating team and consultants were reviewing a US ceasefire proposal when "less than an hour into the meeting, we heard the explosions," Hamad said.

      The strike killed five Hamas members and a local security official and infuriated Arab leaders.

      Also Wednesday, Qatar's Ministry of Foreign Affairs released a statement saying it condemned “in the strongest terms” Israel's ground offensive in Gaza. The ministry wrote on X that the operation marked an “extension of the war of genocide” against the Palestinians.

      A coalition of leading aid groups Wednesday urged the international community to take stronger measures to stop Israel's offensive on Gaza City. The action came a day after a commission of UN experts found Israel was committing genocide in the Palestinian enclave. Israel denies the allegation.

      “What we are witnessing in Gaza is not only an unprecedented humanitarian catastrophe, but what the UN Commission of Inquiry has now concluded is a genocide,” read the statement from the aid groups. “States must use every available political, economic and legal tool at their disposal to intervene. Rhetoric and half measures are not enough. This moment demands decisive action." The message was signed by leaders of over 20 aid organisations operating in Gaza, including the Norwegian Refugee Council, Anera and Save the Children.

      Israel's far-right finance minister said Gaza could be a “real estate bonanza” and that he is discussing with the Trump administration how to share the proceeds.

      Bezalel Smotrich, speaking at an urban-renewal conference in Tel Aviv, said a “business plan” has been submitted to US President Donald Trump.

      “We paid a lot of money for this war, so we need to divide how we make a percentage on the land marketing later in Gaza,” he said.

      “And now, no kidding, we've done the demolition phase, which is always the first phase of urban renewal. Now we need to build. It's much cheaper.” Smotrich, a key ally in Prime Minister Benjamin Netanyahu's governing coalition, wants to continue the war until Hamas is eradicated, relocate much of Gaza's population to other countries through what they refer to as “voluntary emigration” and rebuild Jewish settlements that were dismantled in 2005.

      Trump said in February he envisioned development in Gaza turning the region into the “Riviera of the Middle East.” (AP) SKY SKY

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