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    Nagaland tax revenue rises to Rs 1,597 crore in FY'26
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    August 10, 2026
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    GST revenue collection drives tax growth while data scrutiny, taxpayer verification, and compliance capacity remain key administrative priorities.
    GST constituted the principal component of tax revenue for the 2025-26 fiscal year. Tax administration faces staff shortages, information-technology upgrade needs, and increased workloads from taxpayer registrations and return filings. Compliance oversight requires GST data scrutiny, risk assessment, identification of unregistered taxpayers, tax-evasion detection, and field verification of high-risk taxpayers. Long-term revenue planning sets progressively higher collection targets through 2063.
    August 10, 2026
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    Russian crude imports reshape India's refining trade as processed petroleum products reach sanctioning jurisdictions despite import restrictions.
    Indian imports of Russian crude oil reached a second consecutive monthly record in July 2026, with Russian crude forming the dominant share of India's Russian fossil-fuel purchases and more than half of total crude imports. Higher receipts through smaller terminals offset reduced volumes at Paradip. Indian refineries processing Russian crude also exported refined petroleum products to sanctioning jurisdictions, including the European Union, Australia and the United States, despite the European Union prohibition on imports of oil products made from Russian crude.
    August 10, 2026
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    Cyber-fraud through stolen phones allegedly used mule accounts, banking credentials and coordinated technical operations to divert victims' funds.
    Investigation into unauthorised withdrawals after theft of a mobile phone uncovered an alleged interstate cyber-fraud network using stolen devices, linked banking credentials and mule bank accounts. The scheme allegedly involved phone theft, supply of accounts and banking instruments, and a technical operation that accessed victims' accounts and routed funds for withdrawal or transfer. Digital surveillance, transaction mapping, seized devices, victim data and transaction records are being examined to identify linked complaints and the extent of funds allegedly diverted.
    August 10, 2026
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    Rupee depreciation reflected stronger dollar, elevated crude prices and geopolitical uncertainty, while portfolio inflows and equity gains provided support.
    The rupee depreciated against the US dollar amid a stronger dollar, higher global crude oil prices and uncertainty surrounding West Asia-related negotiations. Concerns over crude oil's potential impact on the trade deficit weighed on the currency, while positive domestic equity markets and foreign portfolio investment inflows provided support. Market caution remained focused on forthcoming US inflation data, dollar-index movements and Brent crude prices. Foreign-exchange reserves increased during the reported period.
    August 10, 2026
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    Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
    Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
    August 10, 2026
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    Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
    Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
    August 10, 2026
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    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
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    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
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    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
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    August 10, 2026
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    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
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    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
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    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.

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      Singapore International Foundation, SingHealth & Tamil Nadu DPHPM Strengthen Maternal & Child Health Through Decade-Long Collaboration

      November 17, 2025

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      Over a decade of collaboration, the Singapore International Foundation, SingHealth, and Tamil Nadu’s Department of Public Health and Preventive Medicine have trained about 1,150 healthcare professionals and improved care for thousands of mothers and newborns.

      Chennai, Tamil Nadu, India – Business Wire India The Singapore International Foundation (SIF), SingHealth, and the Department of Public Health and Preventive Medicine (DPHPM), Government of Tamil Nadu, today marked the conclusion of the second phase of the Enhancing Maternal and Child Health Services (EMCH) Project.

      Launched in 2015, the EMCH Project aims to strengthen maternal and child healthcare across Tamil Nadu. Building on the success of the first phase, the current phase (2023–2025) extended its reach to Primary Health Centres, enhancing the management of high-risk pregnancies and neonatal emergencies, and improving outcomes across the state’s maternal and child health system.

      Phase One (2015–2018) trained more than 1000 healthcare professionals and contributed to reduced maternal mortality in districts including Tiruchirapalli, Chengalpattu, and Pudukottai. Phase Two built on this progress by training another 144 professionals and developing a new cadre of Master Trainers to sustain knowledge sharing within Tamil Nadu’s healthcare ecosystem.

      Together, these efforts mark a decade-long collaboration that continues to enhance health outcomes while deepening Singapore-India ties through shared expertise and friendship. This initiative also represents the SIF’s fourth maternal and child health project across Tamil Nadu and Karnataka and underscores its 30 years of partnership with India – fostering collaborations, sharing expertise, and uplifting communities.

      Empowering Local Healthcare Professionals for Long-Term Impact Between 2023 and 2025, Singapore International Volunteers from Singapore’s KK Women’s and Children’s Hospital and SingHealth Polyclinics – comprising doctors and nurses – conducted multidisciplinary workshops that combined clinical training, technical assistance, and protocol review for counterparts across Tamil Nadu’s primary, secondary, and tertiary healthcare institutions. These 144 professionals are now better equipped to manage obstetric and neonatal emergencies and high-risk pregnancies.

      Using a Training-of-Trainers (ToT) framework, 50 participants from the trained cohort were identified as Master Trainers. They were equipped with both clinical and pedagogical skills, enabling them to facilitate peer learning within their own institutions. These Master Trainers will continue sharing their expertise across the state, ensuring that best practices are sustained and applied consistently.

      Feedback from Phase Two participants indicate marked improvement in confidence and skills across key areas of obstetric and neonatal emergency management, including patient assessment, referral processes, and multidisciplinary teamwork. Collectively, these efforts are projected to benefit an estimated 20,000 mothers and newborns through better clinical outcomes and strengthened standards of care.

      Ms Corinna Chan, CEO, Singapore International Foundation, said: “The Enhancing Maternal and Child Health Services Project reflects the power of international collaboration to create meaningful, lasting impact. By uniting healthcare experts from Singapore and Tamil Nadu, we have not only strengthened clinical capabilities but also deepened the bonds of friendship between our peoples. Over the past three decades, the SIF has partnered with Indian communities on more than 20 projects in education and healthcare. Our specialist volunteers have been central to these efforts, working alongside their Indian counterparts in a spirit of mutual learning and collaboration to uplift lives. We look forward to building on this strong foundation to continue creating positive change together.” Ms Vijaya Rao, Director, SingHealth International Collaboration Office, said: “This partnership with SIF demonstrates the value of collaborative healthcare development. Our clinical teams have worked alongside Tamil Nadu's healthcare professionals to share knowledge and implement practices that have strengthened maternal and child health services in the region. Drawing on the SingHealth institutions' healthcare expertise, we've been able to support locally relevant solutions that improve patient outcomes. This collaboration reflects our commitment to meaningful partnerships that build sustainable healthcare capacity and create lasting benefits for the communities we serve.” Dr A. Somasundaram, Director of Public Health and Preventive Medicine, Tamil Nadu, said: “We are grateful for the partnership with the Singapore International Foundation and SingHealth. The knowledge exchange and technical guidance provided through this project have greatly enhanced our healthcare professionals’ confidence and competence in managing maternal and child health challenges. The collaborative training approach has strengthened local systems, improved clinical coordination, and contributed to safer outcomes for mothers and newborns. We look forward to continuing this partnership to further advance the quality and accessibility of maternal and child health services across Tamil Nadu.” Dr Shephali Tagore, Senior Consultant, Department of Maternal Fetal Medicine, and Director of O&G International Medical Programme, said: “This project has been a deeply meaningful experience. Our Tamil Nadu counterparts demonstrated remarkable ingenuity in adapting evidence-based maternal and fetal care to local needs. Their commitment and innovation have inspired us, making this a truly collaborative exchange that strengthened our shared pursuit of safer outcomes for mothers and newborns.” Dr Ng Chung Wai Mark, Director, Global Health, SingHealth-Duke NUS Family Medicine Academic Clinical Programme, Senior Consultant, Family Physician, SHP, said: “Enhancing the referral system is a vital step in strengthening the continuum of care for high-risk antenatal women. It helps primary care physicians identify and manage risks early, before they become emergencies. This requires a systems-based approach, by reviewing roles and care processes, auditing practices, and continuously improving care. I am inspired by the professionalism and dedication of our primary care colleagues in Tamil Nadu, whose commitment will carry these efforts forward. Collaborating on this initiative has been deeply meaningful and reaffirmed the power of shared learning in improving maternal health outcomes.” Contributing to the UN Sustainable Development Goal 3 – Good Health and Well-being – by promoting safe pregnancies and reducing maternal mortality rates, the EMCH Project is one of several Singapore-India collaborations in public health, reflecting a shared commitment to advancing healthcare excellence through cross-border learning and collaboration.

      As Singapore and India commemorate 60 years of diplomatic relations, both nations continue to reaffirm that people-to-people ties remain the bedrock of our partnership. Reflecting this spirit, the EMCH Project exemplifies how collaboration between healthcare professionals can strengthen communities, foster mutual understanding, and contribute to better health outcomes across borders.

      About the Singapore International Foundation The Singapore International Foundation aims to build eco-systems to catalyse change for a better world. We bring together people from the public, private, and philanthropic sectors across countries to harness the collective strength that is needed to address shared environmental and social challenges. Our work is focused in the areas of climate, culture, digital, education, health, justice, and youth. We believe that cross-boundary collaboration is critical to foster sustainable solutions in an interconnected world. Find out more at www.sif.org.sg.

      About Singapore Health Services (SingHealth) SingHealth, Singapore’s largest public healthcare cluster, is committed to providing affordable, accessible and quality healthcare to patients. With a network of acute hospitals, national specialty centres, polyclinics and community hospitals offering over 40 clinical specialties, it delivers comprehensive, multidisciplinary and integrated care. Beyond hospital walls, SingHealth partners community care providers to enable the population to keep well, get well and live well. As part of the SingHealth Duke-NUS Academic Medical Centre, SingHealth also focuses on advancing education and research to continuously improve care outcomes for patients. SingHealth celebrates its 25th anniversary in 2025. For more information, please visit: www.singhealth.com.sg.

      Members of the SingHealth group Hospitals (Tertiary Specialty Care): Singapore General Hospital, Changi General Hospital, Sengkang General Hospital, KK Women's and Children's Hospital, and Eastern General Hospital (expected completion around 2029 to 2030) National Specialty Centres (Tertiary Specialty Care): National Cancer Centre Singapore, National Dental Centre Singapore, National Heart Centre Singapore, National Neuroscience Institute, and Singapore National Eye Centre SingHealth Polyclinics (Primary Care): Bedok, Bukit Merah, Eunos, Marine Parade, Outram, Pasir Ris, Punggol, Sengkang, Tampines, Tampines North and Kaki Bukit (upcoming) SingHealth Community Hospitals (Intermediate and Continuing Care): Sengkang Community Hospital, Outram Community Hospital, and Eastern Community Hospital (expected completion around 2029 to 2030) To View the Image, Click on the Link Below: The Singapore International Foundation and Tamil Nadu’s DPH conclude Phase Two of the EMCH Project in Chennai (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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