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    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
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    Currently nine trade disputes pending against India under WTO rules: Govt
    MNLU Mumbai Launches MBA in Entrepreneurship & Digital Business Law
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    Rupee opens on flat note, rises 3 paise to 95.34 against US dollar in early trade
    Meeting of Heads of National Statistical Offices of BRICS Countries “Quality Statistics as Driver of Change”
    Modernization of National Sample Surveys through adoption of digital platforms such as Computer Assisted Personal Interview (CAPI) integrated with e- ...
    Govt hikes windfall gains tax on petrol, diesel, ATF exports
    No guidelines to regulate online astrology platforms: Consumer affairs department to CIC
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    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
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    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
    August 4, 2026
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
    Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
    August 4, 2026
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    WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
    Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
    August 4, 2026
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    Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
    The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
    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.

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      Man who fired on ICE facility hated US government, sought to kill federal agents, officials say

      September 26, 2025

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      Dallas, Sep 25 (AP) The gunman who opened fire on an Immigration and Customs Enforcement facility in Dallas hated the US government and wanted to incite terror by killing federal agents, officials said Thursday, a day after the attack that killed a detainee and critically wounded two others.

      The gunman, who fatally shot himself, also left behind a note saying that he hoped the attack would “give ICE agents real terror,” the FBI director said Thursday.

      The post by Kash Patel on the social platform X offered the first hint of a motive behind the shooting on Wednesday that targeted the ICE building, including a van in a gated entryway. The detainees were in the van. No ICE personnel were wounded.

      The assailant, who authorities said fired indiscriminately from a nearby rooftop, was involved in a “high degree of pre-attack planning," Patel said, and agents have seized electronic devices, handwritten notes and other evidence from a Dallas-area home.

      “One of the handwritten notes recovered read, 'Hopefully this will give ICE agents real terror, to think, is there a sniper with AP rounds on that roof?'” Patel wrote, quoting an apparent abbreviation for armour-piercing bullets.

      The gunman had also downloaded a document titled “Dallas County Office of Homeland Security & Emergency Management” containing a list of Homeland Security facilities, Patel said.

      Hours before the shooting, the assailant conducted multiple internet searches for ballistics information and video of the assassination of conservative activist Charlie Kirk on a Utah university campus this month, Patel said. Last month, the man searched for apps that tracked the presence of ICE agents, he added.

      Joshua Jahn, 29, was identified as the shooter by a law enforcement official who could not publicly disclose details of the investigation and spoke to The Associated Press on condition of anonymity.

      On Wednesday, Patel posted a photo on social media showing a bullet found at the scene with “ANTI-ICE” written on it. Homeland Security Secretary Kristi Noem ordered more security at ICE facilities across the US, according to a post by the DHS on X.

      The attack was the latest high-profile targeted killing in the US. It happened two weeks after Kirk was killed by a shooter on the roof of a building at Utah Valley University and as heightened immigration enforcement has prompted a backlash against ICE agents and fear in immigrant communities.

      The American Immigration Lawyers Association called the shootings “a stark reminder that behind every immigration case number is a human being deserving of dignity, safety and respect.” “Whether they are individuals navigating the immigration process, public servants carrying out their duties, or professionals working within the system, all deserve to be free from violence and fear,” the group said in a statement.

      FBI says attack was 'act of targeted violence' Authorities have given few details about the shooting and did not publicly release the names of the victims. The FBI said it was investigating the shooting as “an act of targeted violence.” The gunman used a bolt-action rifle, according to a law enforcement official who was not authorised to discuss the matter publicly and spoke on condition of anonymity.

      Edwin Cardona, an immigrant from Venezuela, said he was entering the ICE building with his son for an appointment around 6:20 a.m. when he heard gunshots. An agent took people who were inside to a more secure area and said there was an active shooter.

      “I was afraid for my family, because my family was outside. I felt terrible, because I thought something could happen to them,” Cardona said, adding that they were later reunited.

      The ICE facility is along Interstate 35 East, just southwest of Dallas Love Field, a large airport serving the Dallas-Fort Worth metropolitan area, and blocks from hotels.

      Who was the gunman? Hours after the shooting, FBI agents gathered at a home in suburban Fairview, outside Dallas, that public records link to Jahn.

      The house sits on a tree-lined cul-de-sac in a neighbourhood dotted with one- and two-story brick homes. The street was blocked by a police vehicle, and officials wearing FBI jackets could be seen in the front yard.

      A spokesperson for Collin College in nearby McKinney, said via email that a Joshua Jahn studied there “at various times” between 2013 and 2018.

      In late 2017, Jahn drove cross-country to work a minimum-wage job harvesting marijuana for several months, said Ryan Sanderson, owner of a legal cannabis farm in Washington state.

      “He's a young kid, a thousand miles from home, didn't really seem to have any direction, living out of his car at such a young age,” Sanderson told the AP.

      Calls for an end to political violence Shortly after the shooting and before officials said at least one victim was a detainee, Vice President JD Vance posted on X that “the obsessive attack on law enforcement, particularly ICE, must stop.” Republican Sen. Ted Cruz, who represents Texas, continued in that direction, calling for an end to political violence.

      The Catholic Legal Immigration Network, an advocacy group, said the shootings are “a heartbreaking reminder of the violence and fear that too often touch the lives of migrants and the communities where they live.” Noem says ICE agents have been targeted Noem noted a recent uptick in targeting of ICE agents.

      On July 4, attackers in black, military-style clothing opened fire outside the Prairieland Detention Center in Alvarado, southwest of Dallas, federal prosecutors said. One police officer was wounded. At least 11 people have been charged in connection with the attack.

      Days later, a man with an assault rifle fired dozens of rounds at federal agents leaving a Border Patrol facility in McAllen. The man, identified as Ryan Louis Mosqueda, injured a responding police officer before authorities shot and killed him.

      In suburban Chicago, federal authorities erected a fence around an immigration processing centre after tensions flared with protesters. President Donald Trump's administration has stepped up immigration enforcement in the Chicago area, resulting in hundreds of arrests.

      Dozens of immigration field offices across the country house administrative employees and are used for people summoned for check-in appointments and to process people arrested before they are transferred to long-term detention centres. They are not designed to hold people in custody.

      Security varies by location, with some in federal buildings and others mixed with private businesses, said John Torres, a former acting director of the agency and former head of what is now called its enforcement and removals division. (AP) GRS GRS

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