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    Rupee settles 3 paise higher at 95.71 against US dollar
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    India and ADB sign $230 million loan to modernise water supply and sanitation in Chennai
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    August 21, 2026
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    Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
    Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
    August 21, 2026
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    Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
    Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
    August 21, 2026
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    Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
    Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
    August 21, 2026
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    Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
    Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
    August 21, 2026
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    Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
    Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
    August 21, 2026
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    Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
    Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
    August 21, 2026
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    Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
    Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
    August 21, 2026
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    Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
    Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
    August 21, 2026
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    Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
    India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
    August 21, 2026
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    Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
    User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
    August 21, 2026
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    Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
    Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
    August 21, 2026
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    Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
    Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
    August 21, 2026
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    Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
    Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
    August 21, 2026
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    Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
    Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
    August 21, 2026
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    Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
    Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
    August 21, 2026
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    Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
    The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
    August 21, 2026
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    Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
    SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.
    August 20, 2026
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    Customs enforcement against suspected gold smuggling leads to baggage seizure and apprehension of the alleged intended receiver.
    Customs officers intercepted an arriving passenger at the green channel on intelligence inputs and examined baggage after X-ray screening indicated suspicious images. The examination recovered two oval capsules containing gold paste concealed in the baggage. Interrogation indicated that an alleged receiver was waiting outside the airport to collect the suspected smuggled gold. Customs officers apprehended the alleged receiver, and further investigation remains underway.
    August 20, 2026
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    Provincial alcohol sales restrictions remain subject to economic impact assessment under proposed bilateral trade agreement negotiations.
    Provincial control over alcohol distribution remains distinct from federal trade-making authority. Quebec retains authority over whether United States alcohol is offered through its government-controlled liquor distribution system, despite lacking a veto over a bilateral trade agreement. Federal requests to restore United States alcohol to retail shelves cannot compel provincial action. Proposed trade commitments also concern restrictions on United States agricultural products and Canada's dairy import regime, which applies lower tariffs within designated import volumes and higher duties beyond those volumes.
    August 20, 2026
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    Electoral-roll verification found no reported cases of specified foreign nationals receiving identity-linked benefits or voter registration.
    Electoral-roll special intensive revision recorded no reported cases of Pakistani, Bangladeshi or Iranian nationals obtaining Aadhaar cards, ration cards, other government benefits, or voter registration. Illegal immigrants are identified through police monitoring, intelligence measures, specialised operations and a Special Task Force. Overstayers are recorded through the District Police Module and Foreigners Identification Portal and produced before Foreigners Regional Registration Officer authorities. Persons found to be residing illegally are reported to the concerned central divisions, proceeded against through registered cases, retained pending case disposal and exit permits, and subjected to deportation steps.

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      Bharat Nirmaan Conclave & Awards 2025 by HT Media & NewsReach Celebrates the Trailblazers of India’s MSMEs

      October 1, 2025

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      New Delhi, 01 October 2025 – The grand HT Media Presents Bharat Nirmaan Conclave & Awards 2025, an initiative by NewsReach, concluded on a high note at the Taj Palace, New Delhi. The event shone a spotlight on the invaluable contributions of India’s Micro, Small and Medium Enterprises (MSMEs), celebrating their role in driving economic growth, innovation, and inclusive development. Curated by Fever FM, with Crafting Bharat as the community partner and India Voice as the media partner, the conclave also proudly featured its AI Partner – Ozonetel, and Gifting Partners – Kiyas Naturals, Sylvi Watches, and Binge Bakery, making it a landmark celebration of Bharat’s entrepreneurial spirit. Dignitaries, Stars, and Leaders Come Together The evening was graced by Shri Sanjay Seth, Hon. Minister of State for Defence, as the Chief Guest. Adding star power to the evening were acclaimed actors Nikita Dutta, Adil Hussain, and Anup Soni, who lent their presence to the celebration of India’s entrepreneurial icons.

      Power-Packed Conclave Sessions The conclave sparked meaningful conversations through three thought-provoking panel discussions.

      The first session, “Funding the MSME Revolution”, moderated by RJ Sarthak, explored unlocking growth capital through banks, venture capital, private equity, and government-backed schemes. It featured insights from Shalil Gupta (Managing Director, Ozonetel), Varun Singh (Founder & Managing Partner, Foresight Law Offices), and Manish Khurana (Founder, Innovations Venture Studio).

      The second session, “Viksit Bharat @2047: The MSME Blueprint”, also moderated by RJ Sarthak, examined how MSMEs will shape India’s journey towards a $5 trillion economy through innovation, technology adoption, skilling, and global competitiveness. Panelists included Ajay Jain (Chairman, Innovation Park & Board Member, IIM Calcutta), Samir Sathe (Founder, Sam'space), and Sapna Shah (Professor, School of Computational & Integrative Sciences, Jawaharlal Nehru University, New Delhi).

      The third panel, “GST 2.0: Simplifying Taxation, Empowering MSMEs”, focused on reducing compliance complexity, improving working capital flow, and enabling transparency through a simplified GST framework.

      Voices of Vision Sharing his vision, Darshan Shah, CEO & Co-founder of NewsReach, remarked: “Working closely with entrepreneurs across the country, I’ve seen how their grit and passion can truly transform communities. They are the real Bharat Builders of Tomorrow, carrying forward India’s vision of a Viksit Bharat by 2047. Through Bharat Nirmaan at NewsReach, we want to celebrate their journeys, tell their stories, and stand with them as they shape the nation’s future.” Adding to this, Ramesh Menon, CEO of Fever Network, said: “At Fever, we believe in amplifying voices that matter. This collaboration gives us the opportunity to not only celebrate success but to inspire action, conversation, and collaboration that empower MSMEs across the country.” Celebrating Sectoral Achievements The highlight of the evening was the felicitation of outstanding entrepreneurs and enterprises whose contributions span diverse industries.

      In the immigration and work visa sector, Madhav Immigration was recognised for its outstanding contributions, while in digital payment solutions, Dhaval Patel, Founder of SD Pay, was celebrated for revolutionising digital transactions. The award for excellence in technology marketing services went to Vinod Singh, Managing Director of StrategINK, while Harsh Kedia, Founder at Eye Care Equality, was honoured for his commitment to improving vision health for marginalised communities.“The field of drone technology was represented by Dr. Kartik Narayanan, Founder of Lit’s Skills, while authorship was celebrated through Dr. Josan Ranjith and Samir Sathe, Founder of Sam'space.” In healthcare, Mrs. Ramya Ramachandren, Vice Chairperson of Saraswathi Institute of Medical Sciences, was recognised for her leadership, while the award for CX Excellence (Healthcare) went to Healthians. In the field of education and skilling, Adda Education was felicitated with the CX Excellence Award for its outstanding achievement. Engineering & infrastructure innovation was spotlighted with honours to Pioneer Fabricators Limited, while the AI category featured winners such as Vignesh Iyer and Chandni Niranjan, Founders of Pitchmyventure, for building the best AI investor pitching simulation platform. Gautam Koli, Founder and Director of Better Insights, was celebrated as the AI & Automation Enabler of the Year, while Venkata Sai Vamsi P., Founder of Runno AI, was honoured for SaaS – Sales Tech, and Rohit Sanam Venkata, Founder & CEO of DatavisionAI, for his strides in artificial intelligence.

      In the digital marketing segment, especially in performance marketing and SEO, DigiXpressions Media Pvt. Ltd., led by its Co-Founders Mohd Saqib Khan and Vinay Singh, won accolades, while Sahil Luthra, Founder of Vijayan Trishul Defence Solutions, was recognised as the Entrepreneur of the Year - Atmanirbhar Bharat - Defence Visionary Award. The Atmanirbhar Bharat – Defence Visionary Award went to Amit Agarwal, Founder & CEO, and Srujan Yeleti, Founder & COO of ZetSim, for their innovative contributions to India’s defence ecosystem.

      The real estate category celebrated Rabinarayan Nayak, Managing Director of Monument Construction & Developer Pvt. Ltd., while Nitin Jain, MD of BNA Enterprise Pvt. Ltd., was recognised for excellence in gems and jewellery export. In CSR, Amit Budania, Director & CEO of Budania IAS, received honours, while Bharat Chajjed, Founder of BK Stars, was recognised in mobile accessories. The finance sector highlighted Deepak Goswami, while in hospitality, travel, and event management, Devang Shah, Director of Xpertz Holidays Pvt. Ltd., earned the spotlight. Chandra Bhan Yadav, Director of Zero Bills Energy Pvt. Ltd., was awarded in renewable and green tech energy storage solutions.

      Branding and marketing excellence were celebrated with Rohit Kumar Singh, Founder & CEO, Media Trendz, while Syed Sadaat, CEO of RebootXP Techpro Pvt. Ltd., received recognition in contact centre solutions. In the Technology, IT & ITES sector, Samrat Tiwari, Founder & Director of Webzaa, was spotlighted, with the Best MSME in Innovation, R&D & Digital Transformation was also recognised for its exceptional contributions to advancing technology and driving digital growth, while Ritu Insan, Managing Director of Talented Ritu Insan, earned recognition in her namesake category. In mental health and well-being, Dr. Shradha Malik, Founder & CEO of Athena Behavioral Health, was celebrated.

      Recognising Women-led Enterprises The conclave also highlighted the growing role of women-led enterprises. Purvi Trivedi, Founder of Koshish, was named Woman-led MSME of the Year – Social Service, while Leena Jain, Founder of Fraganta, was recognised for luxury fragrances, and Anubhuti Gupta, MD of Rosenia Ayurveda, was honoured in Ayurveda and natural beauty. Akshatha Mahesh, Founder & CEO of Kiyas, was celebrated for innovation, R&D, and digital transformation, alongside Vivekananda Reddy Chintakuntla, COO of Space Inventive. Durga Das, Founder & CEO of AeroNero, received the Woman Entrepreneur of the Year award, while Aarati Neelam, Founder and Principal Designer of Neeleraa, was recognised as Woman-led MSME of the Year in Design.

      Corporate and Sectoral Excellence Corporate innovation also took centre stage. Ozonetel was recognised for AI innovation in customer experience, while Country Delight received honours for best MSME in agri and food processing. Falak Kabrawala, Founder & CEO of Fortune Analytica, was celebrated as the best performance marketing agency of the year, while Mr. Gunjan Vijay & Ms. Vishakha Jain of VKC Nuts Pvt. Ltd. (Nutraj) was honoured for excellence in food processing.

      In FMCG, Navansh Mittal, Executive Director of SSG Pharma Pvt. Ltd., was celebrated for leadership excellence, while Rashi Chheda Shah, Director of Just In Time - House of International Watch Brands, was named a pillar of Viksit Bharat in retail and consumer brands. The IPO PR space honoured Rupesh Mishra, Founder & CEO of SoLoMo Media Pvt. Ltd., while Manish Jaisansaria, Director of Neelkanth Polymers (K.C. India Ltd.), was awarded India’s Top Exporter of the Year.

      Marketing and technology innovation was celebrated with Vishal Keshav Kamble, Founder & CEO of Anic Digital, while the mining and natural resources category honoured Viju B Jain, Managing Director of Vrudhijain Group. Real estate excellence was represented by Dr. Deepak Gupta, Founder of Delhi Land And Constructions LLP (DLC Group), while the Makoons Group of Schools earned recognition as Global Indian MSME of the Year in Education. Harry Bajaj, CEO of Mobec Innovation Pvt. Ltd., was felicitated for Best MSME in Innovation and R&D in Critical Mineral Recycling, while Sudhir Jindal, Director of Bindal Powertech Pvt. Ltd., was named Best Emerging MSME of the Year in battery energy storage. Pratik Kakadia received honours as Entrepreneur of the Year for innovation and inclusive growth, while fashion leadership was celebrated with Akhilesh Pahwa, Fashion Designer, recognised as Global Emerging Fashion Leader – Modern Heritage Aesthetics.

      The evening further honoured Prashant Jain, MD of Indica Publishers & Distributors Pvt. Ltd. & Kitabwale, as Entrepreneur of the Year, while Ayush Kumar, CEO of Tanaashi Technologies Pvt. Ltd., was named MSME Enabler of the Year. Hiren Shah, Co-Founder & MD of Vertoz, was celebrated as Entrepreneur of the Year in ad-tech and digital marketing. Other special recognitions included Komal Gupta (Passionworks), Digitek, Delberto, Abhishek Mall & Aman Raj (Karo Startup), and Dr. Arun Kumar Tiwari (H2O Dynamics India Limited).

      A Testament to India’s Backbone The HT Media Bharat Nirmaan Conclave & Awards 2025 stood as a testament to the resilience, creativity, and contributions of India’s MSMEs, honouring them as the true backbone of Bharat’s growth. By fostering dialogue, celebrating achievements, and recognising excellence, the event reaffirmed its commitment to building a stronger, inclusive, and prosperous India.

      (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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