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August 5, 2026
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Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
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August 4, 2026
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Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
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.
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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.
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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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August 4, 2026
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August 4, 2026
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August 4, 2026
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August 4, 2026
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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.
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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.
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August 4, 2026
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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.

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Customs & Trade

Drones, oil and escalation: Ukraine's deep strikes impact Russia, altering war calculations

October 31, 2025

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Kyiv, Oct 31 (AP) At a secret location in rural Ukraine, columns of attack drones are assembled at night and in near silence to strike deep inside Russia.

Their targets are strategic: oil refineries, fuel depots, and military logistics hubs. Since the summer, Ukraine's long-range drone campaign has ramped up dramatically, pounding energy infrastructure across Russia and stretching Moscow's air defences thin.

Built from parts made in a scattered network of workshops, these drones now fly much further than at any point in the war.

Officers in body armour move with quick precision; headlamps glow red to stay hidden. Engines sputter like old motorcycles as exhaust fumes drift into the moonless night. Minutes later, one after another, the drones lift from a makeshift runway and head east. The strikes have caused gasoline shortages in Russia, even forcing rationing in some regions and underscoring a growing vulnerability in the country's infrastructure.

Drones hammer refineries ----------------------------- Western analysts say the attacks on energy infrastructure so far have had a serious — but not crippling — effect. Ukrainian drones have repeatedly hit 16 major Russian refineries, representing about 38 per cent of the country's nominal refining capacity, according to a recent review by the Carnegie Endowment, a US-based think tank.

But it argues the actual impact has been considerably more limited: most plants resumed operations within weeks, and Russia's refining output has been cushioned by idle capacity and existing fuel surpluses.

The deep strikes have, however, given Kyiv the initiative at an important moment. The United States and Europe are ramping up sanctions on Russia's oil industry even as Kyiv's request for US long-range Tomahawk missiles has stalled. President Volodymyr Zelenskyy says Ukraine's improved long-range strike capability is causing real damage – forcing the Kremlin to import fuel and curb exports. “We believe they've lost up to 20 per cent of their gasoline supply — directly as a result of our strikes,” he told reporters at a briefing in Kyiv.

At the secret launch site, the commander overseeing the operation — a broad-shouldered man identified by his call sign, “Fidel,” in accordance with Ukrainian military regulations — watches through night-vision goggles as the drones climb into the star-filled sky.

“Drones are evolving,” Fidel told The Associated Press. “Instead of flying 500 kilometers (310 miles), now they fly 1,000 ... Three factors go into a successful operation: the drones, the people and the planning. We want to deliver the best result. For us, this is a holy mission.” Ukraine thrives on no-frills weapons --------------------------------------- Much of Ukraine's fleet is homegrown. The Liutyi, a workhorse of the nightly attacks, is a waist-high craft with a sausage-shaped body, a propeller at the back, and a distinctive triangular tail.

It looks neither sleek nor intimidating — more Home Depot than Lockheed Martin — but the ease of assembly means it can be kept hidden and constantly tweaked: optimized to slip through heavily monitored frontline airspace.

Typical of Ukraine's no-frills war production philosophy, the Liutyi — whose name means “fierce” in Ukrainian — has become a symbol of national pride and recently featured on a local postage stamp.

The reach of these drones — with some models doubling in range over the past year to routinely strike targets within a 1,000-kilometer radius of the border — marks a shift in the geography of the conflict. Attacks a year ago damaged refineries in a much narrower range, mostly in western Russian border regions. Costs have also come down, further testing expensive air defense systems, with long-range drones now being produced in Ukraine for as little as USD 55,000.

A shift in conflict geography ------------------------------ “What we're seeing is that Ukraine is getting better at taking the war inside Russia,” said Adriano Bosoni, director of analysis at RANE, a global risk analysis firm. “For most of the war, Russia operated on the assumption that its own territory was safe. That's no longer the case.” The strategic logic is attrition by logistics, he argued: by forcing Russia to reroute supplies and commit air defences to a wider area, Kyiv seeks to degrade Moscow's capacity to sustain large-scale operations.

The Paris-based International Energy Agency says repeated drone strikes have cut Russia's refining capacity by about 500,000 barrels a day. That's triggered domestic fuel shortages and curbed exports of diesel and jet fuel, even as overall global oil production remains steady and prices stable.

Kyiv's homegrown strike capability allows independent drone launches, bypassing the Western approval required for imported long-range weapons. That autonomy preceded tougher sanctions on Russia: allies escalated only after Ukraine had spent months hitting Russian refineries.

On the ground, each mission is a study in tradeoffs. Fewer than 30 per cent of drones even reach the target area, so meticulous planning is essential, said Fidel, who reflected on the human cost. “War has fallen to our generation so that we can fight for our kids and they can live in a free democratic country,” he said. “We are currently obtaining experience that will be used by every country in the world, and we are paying the price with our lives and the lives of our friends.” (AP) RD RD

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