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    RBI issues Draft (Securitisation Transactions) Amendment Directions
    Rupee rises 5 paise to 95.77 against US dollar in early trade
    Woman GST officer, consultant caught taking Rs 60,000 bribe in Maharashtra's Jalna
    Zelenskyy has 'good meeting' with Trump at White House as he seeks more cooperation with US
    Creation of separate ministry infused new energy in India's cooperative movement: Amit Shah
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    SC slams CBI, Delhi Police EoW over silence in Indiabulls probe, calls their conduct 'shocking'
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    Regional Rural Banks (RRBs) Post Highest-Ever Net Profit of Rs. 10,177 Crore in FY 2025–26, show consistent improvement in other key financial param...
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    India's Toy Exports Soar 89.1%, Reflecting Strong Growth in Domestic Manufacturing
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    India's FTAs Deepen Global Market Access, Boost Export Diversification and Labour-Intensive Sectors.
    73 Sports Medal Winners of Chandigarh University get government jobs in 2025-26
    Centre orders sugar dealers to limit stocks to 30 days; stock limit at 4,000 quintals
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    Gold Loan EMI or Bullet Repayment: Muthoot Finance Helps Choose Right in 2026
    EU-ASEAN Business Council Calls for stronger action on Illicit Trade, highlights India''s Strategic role
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    July 29, 2026
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    Securitisation Note amendments seek stronger issuance efficiency, liquidity and transparency, with stakeholder consultation invited on proposed directions.
    Draft amendments to securitisation transaction directions seek to improve the efficiency, liquidity and transparency of issuing and subsequently transferring Securitisation Notes. The proposals apply to commercial banks, small finance banks, non-banking financial companies and all India financial institutions. Public and stakeholder comments are invited through the designated regulatory consultation platform or alternatively by post or email.
    July 29, 2026
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    Rupee appreciation reflected weaker dollar conditions, equity inflows, crude oil movements and positive domestic market sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar. A weaker US dollar, lower crude oil prices relative to earlier levels, positive domestic equity sentiment, and foreign institutional investors' net purchase of Indian equities were identified as key influences. The dollar index weakened ahead of a monetary policy announcement, while crude prices rose amid renewed geopolitical tensions. Domestic benchmark equity indices also advanced in early trade.
    July 29, 2026
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    Input Tax Credit unblocking allegedly involved illegal gratification, prompting a trap operation and apprehension of the officer and consultant.
    Alleged bribery connected with unblocking Input Tax Credit arose after an electronics trader received a show-cause notice and had its ITC blocked. A private tax consultant allegedly conveyed that a State GST officer demanded illegal gratification for unblocking the credit and encouraged the trader to settle the demand. Following a complaint, a trap operation allegedly led to the apprehension of the officer and consultant, with further legal action in progress.
    July 29, 2026
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    Defence production licensing and Russian energy sanctions shaped discussions on Ukraine's security capacity, missile supply and diplomatic engagement.
    Ukraine-US discussions addressed licences for domestic Patriot defence-system production, wider defence-production cooperation, technology exchange and missile supply funded through European resources. Ukraine also sought support for a sanctions bill designed to increase economic pressure on Russia by imposing tariffs on goods from major purchasers of Russian oil and gas and by sanctioning Russian leaders, financial institutions and energy projects. The proposed defence-production licence was identified as a longer-term measure, alongside calls for renewed diplomatic engagement.
    July 29, 2026
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    Cooperative-sector modernisation strengthens rural finance through expanded credit societies, online audits, institutional connectivity and technology-enabled cooperative banking.
    Cooperative-sector modernisation is presented as a mechanism for strengthening rural institutions, farmer prosperity and the rural economy. The separate Ministry of Cooperation provides an administrative, legal and policy framework for the cooperative movement. Key initiatives include establishing new primary agricultural credit societies and dairy cooperative societies, expanding business activities for primary agricultural credit societies, online auditing, and connecting cooperative institutions. District cooperative banks are described as important institutions for meeting the financial requirements of expanding service and dairy cooperative societies.
    July 28, 2026
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    Direct containerised rail freight movement enables seamless Kolkata Port-to-Biratnagar cargo transport without border transshipment under revised transit arrangements.
    Direct containerised rail freight movement between Kolkata Port and Biratnagar Customs Yard has commenced under the revised India-Nepal Rail Transit Protocol. The service enables end-to-end commercial rail carriage without border transshipment through the Jogbani-Biratnagar broad-gauge connection. Implementation of the revised Letter of Exchange operationalises direct commercial rail access, intended to reduce transit time, logistics costs and cargo handling while improving supply-chain efficiency, reliability and cross-border trade.
    July 28, 2026
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    State governance reforms expand housing relief, local audits, MSME support, property records, welfare measures and clean-vehicle tax incentives.
    The reforms provide concessional stamp duty and registration charges for eligible Economically Weaker Section housing beneficiaries, a statutory local-audit framework, and incentives for MSMEs and exports. They also establish rules for ownership records in Lal Dora areas and introduce a formula-based urban property-tax assessment framework with exemptions. Welfare measures cover compensation for specified unnatural custodial deaths, ex-Agniveer reservation, and compassionate appointments. Motor-vehicle tax measures provide a rebate for qualifying vehicles registered in women's names and exemptions for new electric vehicles.
    July 28, 2026
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    Investigation into alleged fund diversion faced scrutiny as agencies were required to disclose progress and decide on regular cases.
    Investigation into alleged dubious transactions and fund diversion involving Indiabulls Housing Finance Limited remained under scrutiny because investigating agencies did not provide an updated status or take a final decision on registration of regular cases. The Central Bureau of Investigation and Delhi Police Economic Offences Wing were required to file a comprehensive affidavit and status report. The allegations concern loans allegedly routed through corporate entities to promoter-linked companies, alongside inquiries involving financial, corporate-fraud and market-regulatory agencies.
    July 28, 2026
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    MSME payment-delay reforms propose faster dispute resolution, enforceable settlement recovery, and invoice discounting to strengthen supplier liquidity.
    The proposed amendment strengthens delayed-payment dispute resolution for micro and small enterprise suppliers through prescribed adjudication timelines and possible interim payment of at least half the awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and are proposed to be legally enforceable debts under the insolvency framework. Central public sector enterprises would be required to route MSME invoice settlements through the Trade Receivables Discounting System.
    July 28, 2026
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    Regional rural bank oversight strengthens financial performance, technology adoption, diversified lending and financial inclusion in remote communities.
    Regional Rural Banks are regularly reviewed for financial performance, technology upgradation, MSME lending, loan diversification and financial inclusion in rural and remote areas. Their financial health improved over recent years, with growth in deposits, loans, credit-deposit ratio, net worth and capital adequacy, alongside improved asset-quality indicators. Financial-inclusion targets for bank-account access, micro-credit, insurance and pension schemes are set and periodically monitored to extend formal financial services.
    July 28, 2026
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    Emergency credit guarantee support addresses business liquidity mismatches while public sector banks report stronger asset quality and sectoral lending growth.
    Public sector banks reported improved balance-sheet health, rising business and lending, higher profits, stronger capital adequacy, and lower gross non-performing assets through FY 2025-26. Credit expanded across retail, agriculture, MSME, and infrastructure segments. Emergency Credit Line Guarantee Scheme 5.0 provides guarantee coverage to member lending institutions for eligible additional credit facilities addressing short-term liquidity mismatches, with full coverage for MSMEs and differentiated coverage for non-MSMEs and scheduled passenger airlines. Airline assistance is linked to peak credit outstanding and may require proportionate promoter or owner equity contribution above the applicable threshold.
    July 28, 2026
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    Toy quality regulation and export support strengthen domestic manufacturing, safety compliance, market access, and competitiveness in the Indian toy sector.
    Toy-sector measures combine quality regulation, import-duty changes, domestic manufacturing support, export facilitation, and promotional initiatives. The National Action Plan for Toys covers toy design, learning-oriented toys, quality monitoring, restrictions on unsafe imports, indigenous clusters, and domestic production. A Quality Control Order and BIS licensing framework support compliance with toy-safety standards. Cluster assistance, startup recognition, export-duty remission support, and zero-duty market access under specified trade agreements seek to strengthen competitiveness, while stated measures are associated with improved quality conformity, lower imports, and increased exports.
    July 28, 2026
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    Preferential market access under free trade agreements supports export diversification, labour-intensive sectors, and exporter use of tariff concessions.
    India's FTA framework is used to promote preferential tariff utilisation, export diversification and expanded market access. The Government monitors recently operationalised agreements through Certificates of Origin and partner-country trade data. Agreements with the UAE, Australia, Mauritius, Oman and EFTA are associated with increased product-line coverage, tariff preference utilisation and export opportunities. Labour-intensive sectors receive priority through preferential access, while calibrated tariff liberalisation and transition arrangements seek to protect sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal support exporters with market intelligence, rules of origin guidance, trade data and export-performance monitoring.
    July 28, 2026
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    Preferential Market Access under free trade agreements supports export diversification, labour-intensive sectors, tariff utilisation and data-driven trade facilitation.
    Preferential tariff utilisation under recently operationalised trade agreements is monitored through Certificates of Origin and partner-country trade data. Increased certificate issuance and expansion in exported HS-level tariff lines are treated as indicators of export diversification and market penetration. Labour-intensive sectors receive improved market-access opportunities under FTAs, while calibrated tariff liberalisation and transition arrangements preserve policy space for sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal provide exporters and policymakers with market intelligence, Rules of Origin guidance, FTA advisory services and trade-performance analytics.
    July 28, 2026
    Show AI Summary
    Sports-quota government recruitment recognised medal-winning student-athletes for public employment across defence, policing, railways and other government institutions.
    Sports-quota recruitment enabled medal-winning student-athletes to obtain government employment on the basis of sporting performances at state, national and international levels. Appointments covered armed forces, central armed police and paramilitary organisations, railways, police, the Income Tax Department, a public-sector bank, sports departments and other government institutions. The described sports framework provides scholarships, coaching, infrastructure, dietary support, travel, accommodation, equipment and selection-oriented physical, mental and personality-development training.
    July 28, 2026
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    Sugar stock controls require dealers to limit inventory duration and quantity, declare holdings, and curb speculative buying.
    Sugar dealers may not retain stock beyond thirty days from receipt or hold sugar above 4,000 quintals at any time or place. Government-account stocks and authorised Public Distribution System stocks are excluded. State Governments and Union territory administrations may prescribe limits only within the national ceiling and holding period. Dealers must declare and regularly update stock positions on the designated portal. The temporary restrictions are intended to maintain domestic availability, discourage speculative buying and contain sugar prices.
    July 28, 2026
    Show AI Summary
    Credit Profile Management requires timely repayments, controlled utilisation, selective borrowing and prompt correction of credit-report inaccuracies.
    A healthy credit profile depends on timely repayment of EMIs and credit-card dues, controlled credit utilisation and selective applications for new credit. Missed payments, sustained high utilisation and multiple hard enquiries may affect credit health and lender assessment. Individuals should periodically review credit reports for inaccurate personal details, closed loans recorded as active, missing repayment updates, duplicate loan entries or incorrect payment status, and promptly seek correction of discrepancies. Regular monitoring of credit score, repayment history, active accounts and enquiries supports informed credit-management decisions.
    July 28, 2026
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    Gold loan repayment structures require borrowers to weigh EMI interest savings against bullet repayment cash-flow flexibility and maturity obligations.
    Gold loans may be repaid through EMIs, which reduce principal and interest through periodic instalments, or through Bullet Repayment, which defers principal and accrued interest until maturity. The stated framework imposes tiered loan-to-value limits and caps consumption-purpose bullet loans at 12 months, with bullet-loan collateral assessment including projected interest. EMI repayment may reduce overall interest cost for borrowers with predictable income, while bullet repayment may preserve cash flow for borrowers expecting a defined future inflow. Borrowers should compare costs and review the Key Fact Statement before choosing a structure.
    July 28, 2026
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    Illicit trade prevention requires coordinated intelligence sharing, risk-based shipment controls and public-private cooperation to protect supply-chain integrity.
    Illicit trade prevention requires coordinated regional action through institutional intelligence-sharing, joint enforcement, regulatory alignment and public-private engagement. Proposed measures include risk-based pre-export assurance, shipment controls, digital customs tools and common principles adaptable to sector-specific risks. India is identified as a dialogue partner that can support secure regional trade through enforcement cooperation, intelligence exchange and risk-based governance. Analytical research, market intelligence, product-identification awareness and voluntary track-and-trace initiatives may assist in addressing illicit tobacco trade and strengthening lawful trade integrity.
    July 28, 2026
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    Toy-sector competitiveness is advanced through a task force and playbook focused on manufacturing, innovation, quality compliance and exports.
    Toy-sector competitiveness is proposed to be advanced through a dedicated task force and a playbook addressing manufacturing ecosystems, value chains, standards and compliance, skills, innovation, intellectual property and exports. The task force is intended to strengthen manufacturing capability, resolve value-chain bottlenecks, enable design and innovation, develop employment and skills, improve ease of doing business and support global value-chain integration. The roadmap emphasises domestic production, quality standards, localisation, branding, cluster development and support for MSMEs and startups.

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      Prime Minister Narendra Modi Visits Mitti Café at Adani’s Navi Mumbai International Airport (NMIA), Celebrating Inclusion and Empowerment

      October 13, 2025

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      Navi Mumbai (Maharashtra) [India], October 11: In a landmark moment celebrating India’s commitment to inclusion and dignity, Prime Minister Shri Narendra Modi visited Mitti Café during the inauguration of the Navi Mumbai International Airport, an initiative led by the Adani Group under the visionary leadership of Shri Jeet Adani, CEO of Adani Airports. The Prime Minister spent meaningful time with employees of Mitti Café—individuals with physical, intellectual, and psychiatric disabilities—acknowledging their skill, professionalism, and contribution to India’s growing movement for disability inclusion. The visit underscored a powerful message: that the strength of a nation is defined not just by its infrastructure but by how it empowers every citizen to participate with dignity and pride. The inauguration ceremony, attended by Governor Shri Acharya Devvrat, Chief Minister Shri Devendra Fadnavis, Deputy Chief Ministers Shri Eknath Shinde and Shri Ajit Pawar, Union Civil Aviation Minister Shri Kinjarapu Ram Mohan Naidu, Union Minister of State for Civil Aviation Murlidhar Mohol, saw Prime Minister Shri Narendra Modi personally greet Mitti Café’s team members and learn about their work across India’s airports and institutions. A Vision for Inclusive Growth Founded by Alina Alam, Mitti Café is a nationally and internationally recognized social enterprise that provides meaningful employment and livelihood opportunities to adults with physical, intellectual, and psychiatric disabilities. Established around 2015, the organization operates cafés across India, making it the world’s largest chain of cafés run entirely by persons with disabilities. At the Navi Mumbai International Airport, the café serves not only as a hospitality space but as a living symbol of inclusion in action. Under the Adani Group’s corporate social responsibility (CSR) framework, Mitti Café has partnered with Adani Airports, headed by Shri Jeet Adani, to create inclusive workplaces that reflect empathy, equity, and empowerment. The Jeet Adani’s support of Mitti Café aligns with India’s broader vision of accessible infrastructure and equal opportunity, complementing national efforts to make airports not only gateways of progress but also symbols of compassion and diversity. Prime Minister’s Endorsement of Dignity Through Work During his visit, Prime Minister Shri Narendra Modi expressed happiness and encouragement after interacting with the café’s team members, many of whom have overcome significant personal and social challenges to build livelihoods with dignity. For the team, the moment was emotional and historic. Alina Alam, Founder and CEO of Mitti Café, shared: “The Prime Minister is a visionary, and by coining the term Divyangjan, he has created opportunities of respect, dignity, and empowerment for persons with disabilities across India. Our team was extremely excited to meet him. We thank the Adani Group and Jeet Adani for their vision in ensuring that persons with disabilities have space and opportunities across all their airports.” The Prime Minister’s engagement at Mitti Café stands as a reaffirmation of India’s inclusive policy framework and his administration’s ongoing emphasis on empowering Divyangjan through education, employment, and entrepreneurship. Global Recognition and a Movement for Inclusion Over the years, Mitti Café has gained national and international acclaim for demonstrating that employment for persons with disabilities can be both sustainable and impactful. The organization operates in partnership with public and private institutions, integrating disability inclusion into mainstream corporate and public ecosystems. Its work has been endorsed by a distinguished list of leaders, including: • President Droupadi Murmu inaugurated Mitti Cafés at Rashtrapati Bhawan and Rashtrapati Nilayam. • Speaker Om Birla visited the Mitti Café at Hansraj College. • Chief Justice of India D.Y. Chandrachud inaugurated the Mitti Café at the Supreme Court of India. • Defence Minister Rajnath Singh inaugurated Mitti Café at Lucknow International Airport. • German Chancellor Olaf Scholz visited Mitti Café at the India Coffee Board. • Jeet Adani, CEO of Adani Airports, inaugurated the Mumbai International Airport outlet. • Gautam Adani, Chairman of Adani Group, personally praised Mitti Café’s efforts. • Narayan Murthy, Founder of Infosys, commended Mitti Café’s work on Doordarshan. • Prem Watsa, Chairman of Fairfax Holdings, inaugurated a Mitti Café at Bangalore International Airport. • Azim Premji, Founder of Wipro, has publicly lauded the organisation’s mission. These endorsements demonstrate that disability inclusion is no longer a charitable act—it is a core principle of modern corporate social responsibility and an essential pillar of equitable economic growth. Recognition and Awards Mitti Café’s journey has been marked by consistent national and international recognition for its pioneering work in disability inclusion, social entrepreneurship, and sustainable employment. The organisation has been honored with the National Award for Empowerment of Persons with Disabilities by the Honorable President of India, the United Nations Intercultural Innovation Award, and the NITI Aayog Women Transforming India Award. Its founder, Alina Alam, has been celebrated as a Commonwealth Youth Icon and has received the CNBC–Social Entrepreneur of the Year Award, the Indian Express Stree Shakti Award, and the Frontier Awards at Cannes. The organisation’s commitment to inclusion has also been recognised through the NCPEDP Helen Keller Award, Assocham Best Employer for Persons with Disabilities Award, FICCI Flo Best Social Innovation Award, and the CII Annual Business Summit Award for Best Social Enterprise. Mitti Café and its founder have received multiple honors, including the Young Achievers Award, Deccan Herald Changemakers, EKAM Award, Nina Sibal Memorial Award, Pinnacle Award, and the Women Entrepreneur of the Year – BLR HiFliers Award. Alina Alam has been a four-time TEDx speaker and featured in Forbes 30 Under 30 Asia, further amplifying the organisation’s global impact. Mitti Café’s innovative work has been recognised by the Entrepreneur Challenge at Dell and CNBC-TV18, the F&B Virtuoso Awards, and the 4th Healthcare Heroes Conclave Award. In recent years, the organisation’s contributions have received continued support from national leaders — President Droupadi Murmu inaugurated two Mitti Cafés at Rashtrapati Bhawan in 2024 and 2025; Chief Justice of India D.Y. Chandrachud inaugurated the café at the Supreme Court of India in 2023; and Infosys Co-founder Narayana Murthy endorsed Mitti Café’s mission on national television. The Adani Group’s Leadership in Social Impact The Adani Group’s partnership with Mitti Café is part of its broader CSR commitment to sustainable business and inclusive development. Under Jeet Adani’s leadership, the Group has been integrating accessibility and community engagement into the design and operation of its airports. The Navi Mumbai International Airport, envisioned as one of the most advanced in the Asia-Pacific region, features design elements that make it accessible to all travellers, including those with reduced mobility. By integrating a café run by people with disabilities into the airport’s central public area, the Adani Group demonstrates how corporate partnerships can drive inclusive employment and positive social transformation. Jeet Adani’s involvement extends beyond infrastructure; it reflects a belief that business success and social equity can co-exist. The presence of Mitti Café at the new airport sends a message to travelers from across the world that India’s airports are not only world-class in technology and efficiency but also in humanity. Stories of Strength and Skill Mitti Café’s employees, referred to as “changemakers,” represent diverse forms of ability. Many have hearing impairments, intellectual disabilities, or physical challenges, yet serve thousands of customers daily with precision and professionalism. At the Navi Mumbai International Airport, the upcoming Mitti Café outlet is poised to welcome travellers with a warm and inclusive atmosphere. The café will be operated by a team of individuals with disabilities, trained to deliver the same efficiency, service excellence, and hospitality standards as any leading corporate café chain. The initiative aims to demonstrate that skill and capability are universal when provided with the right platform. Each café under the Mitti banner not only generates employment but also raises awareness about inclusion, inviting patrons to rethink disability from a lens of strength and potential rather than limitation. A Broader Mission: Empowerment Through Enterprise Since its inception, Mitti Café has trained and employed over 6,000 adults with disabilities, serving millions of customers across airports, universities, corporate campuses, and public institutions. Through its cafés, training centers, and awareness programs, the organization works to bridge the opportunity gap for persons with disabilities in India’s workforce. Its scalable model has inspired similar initiatives in other countries and has been featured in multiple global forums for inclusive employment and social entrepreneurship. The organization’s impact metrics are telling • Over 6,000 persons with disabilities trained and employed. • Operations in more than 100 locations across India. • Partnerships with public institutions, Fortune 500 companies, and government entities. • Recognition by national media and international bodies for innovation in inclusion. • Over 21 million meals and beverages served by people with disabilities to date. Mitti Café’s model is based on a simple but transformative idea — that economic independence is the foundation of dignity. By creating self-sustaining cafés and enterprises run by people with disabilities, the organization has proven that inclusion is not just possible, but profitable and scalable. The Power of Example The Prime Minister’s visit amplifies what Mitti Café has long represented: a movement from sympathy to respect, from charity to opportunity. In India’s evolving landscape of corporate social responsibility, initiatives like Mitti Café demonstrate how private enterprise and government leadership can converge to create meaningful impact. When national infrastructure projects such as airports become inclusive, they not only connect cities but also hearts — symbolizing unity through equality. As Alina Alam reflected after the event: “We have always believed that inclusion is not an act of kindness but of justice. The Prime Minister’s encouragement and Jeet Adani’s support remind us that true progress is inclusive progress.” A Defining Moment for Disability Inclusion in India The day at Navi Mumbai International Airport will be remembered not only for its architectural marvel but for the humanity that filled its halls. As cameras captured the Prime Minister smiling and interacting with team members at Mitti Café, millions witnessed a narrative of empowerment unfold in real time. The symbolism was clear: India’s next era of growth will be built not just on economic strength but on compassion and inclusion. Mitti Café’s presence at the airport stands as a living example of how public-private collaboration can redefine accessibility, equality, and opportunity in the world’s largest democracy. About Mitti Café Mitti Café is a non-profit social enterprise providing meaningful employment, livelihood opportunities, and training for adults with physical, intellectual, and psychiatric disabilities. Founded by Alina Alam, the organisation has grown into the world’s largest chain of cafés run by persons with disabilities, operating across airports, government institutions, universities, and corporate campuses. Through its mission of inclusion and empowerment, Mitti Café aims to change perceptions of disability and create a society where every individual is recognised for their abilities. The organisation’s work has been recognised with several national and international awards and supported by global leaders, corporations, and public institutions. For more information, visit www.mitticafe.org. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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