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    China's factory activity unexpectedly slips into contraction in July
    PM Modi to inaugurate Bhogapuram Airport on Aug 1 in Andhra Pradesh
    Rupee rises 20 paise to 95.30 against US dollar in early trade
    APEDA Facilitates First-Ever Sea Shipment of Value-Added Flavoured Makhana from Bihar to Canada
    Indian envoy meets Chinese commerce ministry official; Calls for enhanced market access
    ED attaches Rs 94 crore in foreign bank account in fraud case against Delhi-based rice firm
    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
    Delhi govt to provide property Aadhaar cards; bring Land Records Bill: CM Rekha Gupta
    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)
    Investec Selects Infosys Finacle SaaS Platform on Microsoft Azure for Digital Banking Transformation
    Kotak Securities Earns Great Place to Work® Certification and Recognition Among India's Best Workplaces™ in Investments 2026
    India rises from 82nd to 57th in global rankings, in structural and pro-competitive reforms: Report by Competere Foundation
    Aadhaar enrolment in Manipur has reached 87-88 pc: Officials
    IndoStar Capital Finance Limited Q1FY27 Disbursements ₹ 1,235 crore up 44% vis-à-vis Q1FY26
    Global gold demand flat at 1,269 tonnes in June quarter, says WGC
    MCD to launch 5-year PPP policy to modernise school stadiums, offer free sports coaching
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    July 31, 2026
    Show AI Summary
    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
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    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
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    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
    Show AI Summary
    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
    Show AI Summary
    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
    July 30, 2026
    Show AI Summary
    Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
    The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
    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.
    Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.
    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
    Show AI Summary
    Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
    Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
    July 30, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    July 30, 2026
    Show AI Summary
    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.

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      Democrats dominate as economic woes take toll on Trump's GOP. Takeaways from Election Day 2025

      November 5, 2025

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      Washington, Nov 5 (AP) Democrats are dominating the first major Election Day since President Donald Trump returned to the White House.

      And while a debate about the future of the Democratic Party may have only just begun, there are signs that the economy — specifically, Trump's inability to deliver the economic turnaround he promised last fall — may be a real problem for Trump's GOP heading into next year's higher-stakes midterm elections.

      Democrats on Tuesday won governor's races in Virginia and New Jersey, the only states electing new chief executives this year. They also swept a trio of state Supreme Court contests in swing-state Pennsylvania and ballot measures from Colorado to Maine.

      Trump was largely absent from the campaign trail, but GOP candidates closely aligned themselves with the president, betting that his big win last year could provide a path to victory this time. They were wrong.

      Democrats are hoping the off-year romp offers a new winning playbook, but some caution may be warranted. Tuesday's elections were limited to a handful of states, most of which lean blue, and the party that holds the White House typically struggles in off-year elections.

      Meanwhile, Republicans in Washington may be more excited than Democrats that a self-described democratic socialist will become New York City's next mayor.

      Here are some top takeaways: A new Democratic playbook emerges -------------------------------------------- Former Rep. Abigail Spanberger will become Virginia's next governor — and its first female chief executive — while Rep. Mikie Sherrill won the New Jersey governor's office by running campaigns focused largely on the economy, public safety and health care.

      Early results showed Democrats outperforming their margins from four years ago in fast-growing suburbs, rural areas and even places with high concentrations of military voters.

      The Democrats won by actively distancing themselves from some of the Democratic Party's far-left policies and emphasising what Spanberger described in her victory speech as “pragmatism over partisanship.” A growing collection of Democratic leaders believes the moderate approach holds the key to the party's revival after the GOP won the White House and both congressional chambers last year.

      Above all, the Democrats in both states focused on rising costs such as groceries, energy and health care, which Trump has struggled to control.

      In addition to tacking to the middle on economic issues, Spanberger and Sherrill downplayed their support for progressive priorities, including LGBTQ rights and resistance against Trump's attack on American institutions. Spanberger rarely even mentioned Trump's name on the campaign trail.

      Both also have resumes that appealed to the middle.

      Spanberger is a former CIA case officer who spent years abroad working undercover, while Sherrill spent a decade as an active-duty helicopter pilot for the Navy before entering Congress. Both played up their public safety backgrounds as a direct response to the GOP's attack that Democrats are soft on crime.

      It's (still) the economy, stupid ------------------------------------ Trump and his Republican allies have been especially focused on immigration, crime and conservative cultural issues.

      But voters who decided Tuesday's top elections were more concerned about the economy, jobs and costs of living. That's according to the AP Voter Poll, an expansive survey of more than 17,000 voters in New Jersey, Virginia, California and New York City, suggesting that many voters felt they can't get ahead financially in today's economy.

      Ironically, the same economic anxieties helped propel Trump to the White House just one year ago. Now, the economic concerns appear to be undermining his party's political goals in 2025 — and could be more problematic for the GOP in next year's midterm elections, which will decide the balance of power for Trump's final two years in office.

      That's even as Trump regularly brags about stock prices booming and boasts about leading a new renaissance of American manufacturing.

      About half of Virginia voters said the economy was the most important issue facing their state, while most New Jersey voters said either taxes or the economy was the top issue in their state. Just over half of New York City voters said the cost of living was their top concern.

      It was unclear whether kitchen table concerns weighing so heavily on voters might help break the impasse that has prompted the government shutdown, which has spanned more than a month.

      A referendum on Trump ----------------------------- This was the first major election day since Trump returned to the White House. And voters rejected candidates and causes aligned with Trump's Republican Party from Virginia and Pennsylvania to Maine and New Jersey.

      They also expressed strong feelings about the direction of the country under his leadership.

      About 6 in 10 voters in Virginia and New Jersey said they are “angry” or “dissatisfied” with the way things are going in the country today, according to the AP Voter Poll. Just one-third said they are “enthusiastic” or “satisfied.” In a sign of the extent of the GOP's struggles, Republicans lost the Virginia attorney general's race to Democrat Jay Jones, who was forced to apologise after text messages surfaced weeks before Election Day in which he depicted the murder of political opponents.

      Fearing a bad night, Trump tried to distance himself from the election results.

      The president endorsed Ciattarelli in New Jersey but held only a pair of tele-town halls on his behalf, including one Monday night. Trump also did a Monday night tele-town hall for Virginia Republican candidates, but he focused mostly in favour of the GOP candidate for attorney general, who also lost.

      Despite Trump's distance, his policies — including his “big, beautiful” budget bill and his massive cuts to the federal workforce — played a central role in Virginia, New Jersey and even New York City's mayoral contest. And the Republicans in each refused to distance themselves from the president or his agenda.

      The results left the president ducking blame.

      “TRUMP WASN'T ON THE BALLOT, AND SHUTDOWN, WERE THE TWO REASONS THAT REPUBLICANS LOST ELECTIONS TONIGHT,” according to pollsters, he posted on his social media account.

      Trump planned to have breakfast on Wednesday at the White House with Senate Republicans who have so far opposed his calls to end the shutdown by abandoning the legislative filibuster, the 60-vote minimum needed to pass most major legislation through the Senate.

      A new star for Democrats (and Republicans) in New York City ---------------------------------------------------------------------- Moderates won in Virginia and New Jersey. But it was a self-described democratic socialist who cruised to victory in New York City.

      Zohran Mamdani, a 34-year-old state legislator who backs radical changes to address economic inequality, will serve as the next mayor of the nation's largest city.

      His bold agenda and inspirational approach helped generate the largest turnout in a New York City mayoral race in at least three decades. It also spooked some business leaders and voices in the Jewish community, who otherwise support Democrats but oppose some of Mamdani's past statements about personal wealth accumulation and Israel.

      Trump, who actually endorsed Mamdani's independent opponent, former Democratic Gov. Andrew Cuomo, falsely called Mamdani a communist on the eve of the election.

      Some Republicans in Washington were quietly rooting for a Mamdani victory. Even before his win was final, Republican campaign committees launched attack ads against more than a dozen vulnerable House Democrats in New York and New Jersey, linking them to Mamdani and his far-left politics.

      The ad campaign is expected to extend to Democrats across the country ahead of next year's midterms.

      More Democratic wins --------------------------- The Democratic successes extended beyond Virginia, New Jersey and New York.

      In Pennsylvania, Democrats swept all three elections for state supreme court justices. The wins could have implications for key cases involving redistricting and balloting for midterm elections — and the 2028 presidential race — in the nation's most populous swing state.

      Conservative causes struggled on ballot questions in other states as well.

      Maine voters defeated a measure that would have mandated showing an ID at the polls while approving a “red flag” rule meant to make it easier for family members to petition a court to restrict a potentially dangerous person's access to guns.

      Colorado approved raising taxes on people earning more than USD 300,000 to fund school meal programs and food assistance for low-income state residents.

      And in California, Gov. Gavin Newsom, frequently mentioned as a 2028 presidential hopeful, led a triumphant charge to redraw congressional maps to give Democrats as many as five more House seats in upcoming elections.

      The push is the centrepiece of a Democratic effort to counter new Republican maps in Texas and elsewhere that were drawn to boost the GOP's chances in next year's fight to control Congress. For the new maps to count in 2026, however, Californians had to vote on a yes-or-no ballot question known as Proposition 50. It was easily approved. (AP) SKS SKS

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