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    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
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    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
    Cabinet approves Rs 84,084-cr offshore exploration scheme; govt to fund up to Rs 650 cr per well
    India's forex reserves jump USD 6.12 bn to USD 682.35 bn
    Jharkhand signs pact with CSC eStore to make SHG products made by women available online
    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
    SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim Industries
    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
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    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
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    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
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    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
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    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.

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      Youth Innovation Safeguards Green Heritage: 2025 World Food Forum Youth Action on Green Agri-Heritage Held in Rome

      November 12, 2025

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      ROME, Nov. 12, 2025 /PRNewswire/ -- A news report from China.org.cn on 2025 World Food Forum Youth Action on Green Agri-Heritage held in Rome, Italy: The 2025 World Food Forum Youth Action on Green Agri-Heritage was successfully held in Rome, Italy. The event was co-hosted by the Office of Youth and Women of the Food and Agriculture Organization of the United Nations (FAO), FAO Laos, FAO Mongolia, the World Food Forum (China), and China Internet Information Center (CIIC), with support from Tsinghua University and the UNDP SDG Innovation Lab in Chengdu (SPARK Lab). The 2025 World Food Forum Youth Action on Green Agri-Heritage is held on Oct. 15 in Rome, Italy. Centered on the theme Youth Innovation Safeguards Green Heritage, the dialogue brought together over 50 youth representatives from more than 10 countries, agricultural experts, and officials from international organizations across the globe to explore innovative pathways for integrating agricultural heritage protection with youth-led initiatives. Agricultural heritage systems promote the dialogue between humanity and nature, embodying ecological wisdom, cultural roots, and the future code of food security. However, one-third of the world's agricultural heritage systems are at risk of vanishing—mechanization erodes the intricate patterns of terraced fields, urbanization severs the breath of ancient tea gardens, and generational gaps turn traditional techniques into "museum specimens." In face of extreme climate challenges and an aging agricultural population, young people are revitalizing farming traditions through technological innovation and cultural storytelling, emerging as the driving force for living heritage preservation. Coinciding with the 80th anniversary of the United Nations and FAO, the 2025 World Food Forum, held at FAO headquarters in Rome, served as one of the year's most influential global high-level platforms on food and agriculture governance. Anchored in the concept of Agricultural Civilization, this event fostered innovative collaboration among youths from China, across Asia, and around the world, establishing a structured platform for mutual support and knowledge-sharing among heritage sites worldwide. In his welcome remarks, Kazuki Kitaoka, director, Office of Youth and Women of FAO, stated that today, for the first time, national chapter leaders from China, Laos and Mongolia and many other collaborators organized this youth side event, which provides a great opportunity to establish an effective demonstration mechanism towards a more inclusive, innovative and sustainable youth empowerment in the region and beyond. "This year marks the 80th anniversary of the United Nations and the Food and Agriculture Organization, a moment to reflect on our shared journey and to celebrate how humanity's agricultural wisdom continues to nourish the world," stated Dr. Qingyun Diao, FAO representative in Mongolia. "Today's dialogue brings together young visionaries from China, Laos, Mongolia, and beyond, demonstrating how innovation and tradition can thrive together. Let us continue to empower young people not only as beneficiaries but as co-creators of the transformation towards sustainable, inclusive, and resilient agri-food systems." Gao Anming, editor-in-chief of China International Communications Group, pointed out that "Agricultural heritage systems are more than just relics of the past—they are the crystallization of each nation's finest agricultural traditions and a testament to humanity's age-old wisdom in coexisting harmoniously with Mother Nature. He also introduced the fruits of Youth Action on Green Agri-Heritage initiative. Young participants from more than 10 countries developed 12 forward-thinking innovative proposals and produced six compelling short documentaries. Their efforts were later shared at events in Jeju Island, Republic of Korea, and Vientiane, Laos, with the participation of over 400 on-site participants. Through news coverage and social media, their stories reached a global audience of 200 million." Chanthanlath Pongmala, assistant FAO representative in Laos, emphasized that collective response to climate change must be a transition to sustainable practices, bolstered by regional collaboration. Strengthening the protection of agricultural heritage is key to improving livelihoods for farmers, and the economic growth and food security could be promoted by developing agro-tourism, value-added products, and research into resilient crops. In addition, raising public awareness is essential to foster pride and inspire united action towards sustainable development goals. During the presentation session, young practitioners from Laos, Mongolia, China, and France delivered inspiring presentations. Ekasith Vanmany shared national framework and youth engagement on agricultural heritage in Laos. Namjildorj B., a young Mongolian herder, shared his life on grassland in harmony with nature. Young representatives from China, Gu Shijing, Hou Yuying, and Liu Yuanrui presented innovative practices in ecological farming, rural entrepreneurship, and technology-driven heritage revitalization. The French young entrepreneur Noé Gabriel Alexandre Michon from the Rural Revitalization Center of Tsinghua University shared his entrepreneurial story of transforming plastic waste into recycled materials through technology, and collaborating with museums, enterprises and other institutions to process them into cultural and creative products, echoing the United Nations' sustainable development goals. The subsequent International Youth Roundtable Dialogue, moderated by Ayesha Sabir, head of WFF Pakistan, brought together: Gong Jun, WFF Chengdu chapter lead; Sabin Lamichhane, head of WFF local action; Flora Igoe, head of WFF Culture, and youth representative from Laos and Mongolia. The dialogue explored youth-led solutions for a sustainable future of agricultural heritage systems, covering policy support, technological innovation, cultural communication, and community engagement, while fostering international collaboration to advance green heritage innovation. At the event, agricultural specialty products from Yanbian county in Panzhihua city, Sichuan province, as well as the October issue of China Report ASEAN, were on display. From individual innovation to ecological development, governments, universities, enterprises, and social organizations are working together to unfold a historic, systematic practice in the remote mountain county of Yanbian. Young people are integrating their innovations into traditional farming, developing popular mango and mulberry snacks, titanium products imbued with cultural charm, and handicrafts featuring ethnic elements. China Report ASEAN is a magazine produced by the China International Communications Group (CICG). The 10th issue of "China Report ASEAN" features a cover story titled "Planting Tomorrow: Agricultural heritage from past to future." This issue is dedicated to outlining China's efforts and experience in preserving agricultural heritage, sharing five distinctive case studies, including Honghe Hani Rice Terraces, Fuding White Tea Culture System, and the Ar Horqin Grassland Nomadic System in Inner Mongolia, and exploring the potential for young people to contribute to conserving and innovating this heritage with modern technology. The Rural Revitalization Center of Tsinghua University established a special exhibition area outside the venue, which brought together innovative projects from rural areas in China, ranging from intangible cultural heritage products to the application of technology in environmental protection materials, showcasing the exploratory efforts of the younger generation in the fields of rural vitalization and heritage protection. During the event, representatives from various countries showed great interests in these projects originating from Chinese practice, experiencing firsthand vitality and vigor that innovation has brought to traditional agricultural culture. Youth Innovation Safeguards Green Heritage: 2025 World Food Forum Youth Action on Green Agri-Heritage Held in Rome http://en.chinagate.cn/2025-10/17/content_118128279.htm (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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