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    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)
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    Assam Exports First International Consignment of Purabi Ice Cream to Bhutan
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    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.
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    July 30, 2026
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    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
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    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
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    July 30, 2026
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    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
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    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
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    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.
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    July 30, 2026
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    Secured retail lending growth accompanied enhanced credit controls, digital lending processes, and branch expansion by a middle-layer non-banking finance company.
    IndoStar Capital Finance Limited, a middle-layer non-banking finance company registered with the Reserve Bank of India, reported growth in secured used-vehicle finance and micro loans against property for the quarter ended June 30, 2026. It reported higher disbursements, assets under management and net interest income, alongside a lower weighted average cost of funds. The company also stated that it strengthened underwriting, customer-selection filters, scorecards and early-warning systems, while advancing electronic lending processes and expanding its branch and micro-loans-against-property network.
    July 30, 2026
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    Gold demand trends show central bank buying and OTC investment offsetting weaker ETF and jewellery demand.
    Global gold demand remained broadly unchanged during the April-June quarter, with reduced gold exchange-traded fund, bar and coin investment offset in part by over-the-counter investment supported by Asian investors. Central banks and official institutions increased net additions to gold reserves, while high prices reduced jewellery volumes and encouraged demand for lighter products. Total supply was unchanged as increased mine production was offset by lower recycling. Investment is expected to drive future demand, while high prices may continue to constrain jewellery demand and recycling.
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    Sports infrastructure PPP framework enables private stadium operation while requiring free coaching, child protection compliance, and student performance tracking.
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    July 30, 2026
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    Proposed e-Way Bill enhancements remain on hold, with no production changes required pending further communication.
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    July 30, 2026
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    Innovation-led industrial growth promotes deep-tech investment, startup commercialisation, technology-enabled MSMEs, quality manufacturing and global market expansion.
    Innovation-led industrial growth is linked to deep technology, research and development, skilled manpower, startups, MSMEs and globally competitive manufacturing. Public initiatives include long-term risk capital for emerging technologies, affordable computing capacity and semiconductor investment support. Startups are encouraged to move from prototypes to commercialisation through industry adoption and early domestic investment. Manufacturing and MSME policy emphasise technology adoption, automation, productivity, branding and uncompromising quality. Free Trade Agreements are presented as supporting global market access and export expansion.
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    Fraudulent Aadhaar enrolment allegations involve forged supporting documents, misuse of operator credentials, remote access, and continuing investigation.
    Forgery of Indian identity and supporting documents is alleged in an interstate racket using false birth, domicile and school certificates to obtain Aadhaar cards for foreign nationals. The racket allegedly misused authorised Aadhaar enrolment operator login credentials and used virtual private networks and remote access to enrol applicants. The alleged mastermind was arrested, and investigation, including proposed custodial interrogation, remains ongoing.
    July 29, 2026
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    Citizenship proof requires more than identity, tax, electoral or banking records when nationality remains unestablished.
    Voter identity cards, Aadhaar cards, PAN cards and bank-account records were treated as non-conclusive proof of Indian citizenship. The petitioner and detainee were required to establish citizenship under the Immigration and Foreigners Act, 2025, and an appeal against deletion from electoral rolls did not itself satisfy that burden. The inability to identify the burial locations of the detainee's parents prevented proposed DNA-based verification and supported an adverse inference concerning their citizenship.
    July 29, 2026
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    Corporate Mitra Scheme builds local compliance professionals to strengthen MSME regulatory, financial, taxation, accounting and governance support.
    The Corporate Mitra Scheme develops qualified and accredited para-professionals to provide MSMEs with accessible, affordable compliance and business-support services. Corporate Mitras are intended to assist enterprises with regulatory compliance, finance, taxation, accounting and governance-related requirements, enabling MSMEs to focus on innovation, expansion and growth. IICA Shillong serves as the nodal agency for Northeast regional coordination, stakeholder liaison, promotion and awareness, with regional participation encouraged through reserved course seats and a fee concession.
    July 29, 2026
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    Amalgamation of Go Digit Infoworks with Go Digit General Insurance approved, with the general insurer continuing as surviving entity.
    The Competition Commission of India approved the amalgamation of Go Digit Infoworks Services Private Limited, the holding company of Go Digit General Insurance Limited, with Go Digit General Insurance Limited as the surviving entity. Infoworks has no present market-facing business activities. Go Digit General provides general and health insurance products and services in India, with a specialised focus on general insurance.
    July 29, 2026
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    Competition approval enables Brookfield's indirect acquisition of Oaktree entities, combining alternative investment management businesses.
    Competition approval was granted for Brookfield Asset Management Ltd. to indirectly acquire units in Oaktree Capital Group Holdings, L.P. and Oaktree Equity Plan, L.P., resulting in the acquisition of the Oaktree operating group of entities. Brookfield Asset Management is a global alternative asset manager, while the Oaktree group provides alternative investment management services.
    July 29, 2026
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    Processed dairy exports to Bhutan expand through compliance support, market access facilitation, and planned diversification of longer-shelf-life products.
    Processed dairy exports from Assam to Bhutan commenced with a Purabi Ice Cream consignment exported by North East Dairy and Foods Limited and manufactured through Assam's cooperative dairy network. The Agricultural and Processed Food Products Export Development Authority supported export documentation, regulatory compliance, market access and stakeholder coordination. The initiative seeks to expand value-added dairy exports from the North Eastern Region, with plans to introduce longer-shelf-life products and increase exports according to market demand.

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      Cabinet approves opening of 57 new Kendriya Vidyalayas, over 86,000 students to benefit

      October 1, 2025

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      New Delhi, Oct 1 (PTI) The Union Cabinet on Wednesday approved opening of 57 new Kendriya Vidyalayas (KVs) which would benefit over 86,000 students, Union minister Ashwini Vaishnaw said.

      Out of the 57 new KVs, seven will be sponsored by the Union Home Ministry, and the rest by state governments. Twenty of the newly approved KVs are proposed to be opened in districts where no KV presently exists despite a significant number of Central Government employees.

      "The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved opening of 57 new Kendriya Vidyalayas under Civil sector across the country to facilitate the educational needs of the wards of increased number of central government employees," Vaishnaw said at a press conference.

      The total estimated requirement of funds for establishment of the 57 new KVs is Rs 5862.55 crore spread over a period of nine years from 2026-27. This includes capital expenditure component of Rs 2585.52 crore and operational expenditure of Rs 3277.03 crore.

      Prime Minister Narendra Modi termed it a landmark step in expanding access to quality education.

      "The establishment of 57 new Kendriya Vidyalayas has been approved by the Cabinet. It is gladdening that KVs will include Balvatikas, nurturing children from the foundational stage. Several students will benefit, alongside the creation of many jobs," Modi said in a post on X.

      "This is in line with our commitment to inclusive growth, particularly in aspirational districts, the Northeast and other remote areas," he said.

      The Centre had approved the Scheme of KVs in November 1962 to provide educational facilities of uniform standard throughout the country to cater to the educational needs of wards of transferable and non-transferable employees of Central Government including Defence and Paramilitary forces.

      Consequently, "Central Schools Organization" was started as a unit of the Ministry of Education of the Government of India.

      "Opening of new KVs is a continuous process. The Ministry and KVs regularly receive proposals from various Sponsoring Authorities, including Central Government Ministries, departments, states and UTs for opening of new KVs.

      "These proposals are sponsored by the concerned sponsoring authority--state, UTs, Ministries, Departments of Central Government," an official statement said.

      There are 1,288 functional KVs at present including three abroad -- Moscow, Kathmandu and Tehran. The total enrolment of students is around 13.62 lakh.

      "Together with the earlier sanctioning of 85 KVs, the instant proposal responds to the high demand for KVs while balancing pan-India expansion. The CCEA has approved 7 KVs sponsored by the Ministry of Home Affairs and the remaining 50 by State and UT authorities," it said.

      "The 57 new proposals for Kendriya Vidyalayas reflect a strong commitment to reaching underserved and strategically important regions. The proposal demonstrates an approach, which anchors growth in the East while ensuring balanced representation across North, South, and West to strengthen inclusivity and national integration," the statement said.

      Continuing with the 85 KVs sanctioned in December 2024, in this proposal, 17 states and UTs are being covered.

      Among these 57 KVs, 20 are proposed to be opened in districts where no KV presently exists despite a significant number of Central Government employees.

      Furthermore, 14 KVs are proposed in aspirational districts, four KVs in LWE districts and five KVs in NER and hilly areas.

      "In continuation of sanction of 85 KVs accorded in December 2024, further 57 new KVs have been approved by prioritising those states which had not been covered since March 2019. It is worthwhile to note that as exemplar schools for National Education Policy (NEP) 2020, for the first time, these 57 KVs have been sanctioned with Balvatikas -- three years of foundational stage (pre-primary)," the statement said.

      The administrative structure for implementing the project will require creation of posts at par with the norms fixed by the Sangathan for running of one full-fledged KV with a capacity of approximately 1,520 students. Hence, 86,640 students would benefit, it said.

      As per norms in vogue, a full-fledged KV (from balvatika to class 12) provides employment to 81 persons and accordingly, with the approval of 57 new KVs, a total of 4,617 direct permanent employment opportunities will be created.

      Construction and allied activities associated with augmentation of various facilities in all KVs are likely to generate employment opportunities for many skilled and unskilled workers. PTI GJS NB

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