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    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
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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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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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July 30, 2026
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July 30, 2026
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Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.
July 30, 2026
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Aadhaar enrolment access expands through a new service centre, with coordinated efforts focused on improving young children's coverage.
Aadhaar enrolment in Manipur has reached approximately 87-88 per cent, with comparatively lower coverage among children aged 0-5 years. The first Aadhaar Seva Kendra in Imphal has been inaugurated to expand access to enrolment and Aadhaar-related services. The State Government is coordinating with welfare and health departments, hospitals and UIDAI to improve young children's enrolment, alongside services available through Deputy Commissioners' offices and authorised enrolment centres.
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.
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July 30, 2026
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Sports infrastructure PPP framework enables private stadium operation while requiring free coaching, child protection compliance, and student performance tracking.
The PPP framework permits private operators to modernise, operate and maintain school sports stadiums at their own cost, while providing free organised sports training to enrolled students. Operators may commercially offer paid coaching and facilities to external users outside school hours, subject to student-related obligations. Selection is based on technical eligibility and detailed evaluation of sports, PPP, operational and technology capabilities. Agreements have an initial five-year term, with possible extension based on performance, mutual consent and public interest. Child-protection compliance, bank-routed transactions and disqualification for insolvency or statutory and child-safety violations apply.
July 30, 2026
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Quarterly financial reporting highlights operational growth, FDA inspection compliance, product integration, and prior insolvency proceeds in pharmaceutical operations.
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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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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.
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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.
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Amalgamation of Go Digit Infoworks with Go Digit General Insurance approved, with the general insurer continuing as surviving entity.
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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.
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Customs & Trade

We must continue to introspect; remain prepared for war-like situation: Rajnath

October 27, 2025

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New Delhi, Oct 27 (PTI) India must remain ready for a "war-like situation" as the four-day military conflict with Pakistan in May showed anything can happen anytime along the frontiers, Defence Minister Rajnath Singh said on Monday.

Addressing an event, Singh said that though India gave a "firm response" to Pakistan during Operation Sindoor, it should serve as a case study to learn and chart the future course of action in dealing with national security challenges.

The defence minister said the effective use of indigenously manufactured military equipment during the May 7-10 operation bolstered India's reputation both regionally and internationally.

Singh also suggested that Operation Sindoor led to a situation where war was also "knocking at our doorstep". "Although we gave a firm response with a firm resolve and our forces are fully prepared to defend the country's borders, we must continue to introspect," he said.

"Operation Sindoor should serve as a case study from which we can learn and chart our future course. This incident has once again shown us that anything can happen at our borders, anywhere, at any time." "We need to be ready for a war-like situation, and our preparedness must be based on our own foundation," he said.

The defence minister emphasised that the present-day global uncertainties call for an in-depth assessment of every domain, with 'indigenisation' being the only way to deal with the challenges.

"The established world order is weakening, and conflict zones are increasing in many regions. It has, therefore, become necessary for India to redefine its security and strategy," he said.

Singh asserted that the world witnessed the power of the Akash missile system, BrahMos, Akashteer air defence control system and other indigenous equipment and platforms during Operation Sindoor.

The credit for the operation's success goes to the brave armed forces as well as "industry warriors" who worked on the front lines of innovation, design, and manufacturing.

He described the Indian industry as one of the most important pillars of defence alongside the Army, the Navy and the Air Force.

Singh pointed out that the government is creating a level-playing field to enhance defence manufacturing and strengthen the domestic ecosystem, and the industry must make full use of this opportunity.

"We're striving to ensure that the defence equipment is not just assembled in the country, but a real manufacturing base is established to create the equipment embodying the spirit of 'Made in India, Made for the World'," he said.

"Numerous initiatives such as the Quantum Mission, Atal Innovation Mission, and the National Research Foundation have been taken to develop a culture of innovation and R and D. Our industry must accomplish what has not yet been achieved in the country," he said.

The defence minister said that before 2014, India was completely dependent on imports for its security needs, but today it is manufacturing the defence equipment on its own soil.

"Our defence production, which was only around Rs 46,000 crore in 2014, has now increased to a record Rs 1.51 lakh crore, of which Rs 33,000 crore has been contributed by the private sector," he said.

"Our defence exports, which were less than Rs 1,000 crore 10 years ago, have touched a record approx. Rs 24,000 crore. I'm confident that defence exports would reach Rs 30,000 crore by March 2026," he added.

To further increase indigenisation, Singh urged the industry to strive towards dominating supply chains while focusing on indigenous manufacturing of individual subsystems and components, and not just complete platforms.

The defence minister said the purchase of major equipment from abroad puts a strain on India's resources in terms of maintenance and life-cycle costs.

"As a platform contains a large number of components and inputs, indigenous manufacturing of these subsystems can help increase our indigenous content. We must ensure that 'our soil, our shield' becomes our first choice," he said.

The defence minister said the objective should not be merely to assemble in India, but rather to develop technology-based manufacturing within the country. "We must ensure that any technology transfer is effective and also serves as a means of empowering our indigenous industries," he said. PTI MPB RT RT

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