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    PM urges MSMEs to tap opportunities from FTAs
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    Need one or two Indian pharma firms to be among global top 5: PM Modi
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    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
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    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
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    August 15, 2026
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    Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
    Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
    August 15, 2026
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    Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
    FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
    August 15, 2026
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    Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
    Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
    August 15, 2026
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    Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
    FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
    August 15, 2026
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    Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
    Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
    August 15, 2026
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    Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
    Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
    August 15, 2026
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    Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
    Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
    August 14, 2026
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    Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
    India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
    August 14, 2026
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    Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
    The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
    August 14, 2026
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    Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
    Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
    August 14, 2026
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    Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
    India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
    August 14, 2026
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    Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
    Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
    August 14, 2026
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    Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
    Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
    August 14, 2026
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    International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
    International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
    August 14, 2026
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    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
    August 14, 2026
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    International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
    IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
    August 14, 2026
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    Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
    Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.

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      Krishna Bhumi Arcade Unveils Maha Plantation Drive 2025 through the Shri Bihar Panchami Panchvati Mahotsav

      November 24, 2025

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      (LtoR): Mr. Ravee Shanker, Chief Marketing Officer, Krishna Bhumi Arcade; Sreekar Patel, Divisional Forest Officer, Mathura; Madan Dubey, ACEO, Uttar Pradesh Braj Teerth Vikas Parishad • A 140-acre ecological restoration initiative to happen at Kumbh Poorva Baithak sthal located in between Parikrama Marg and the Yamuna riverbank • 108 Mahants & saints to plant 108 sacred Panchvati trees to revive Vrindavan’s ancient ecology • A seva-led development model preserving Vrindavan’s spiritual heritage in its original form • Aligns with Vrindavan’s ₹30,000-crore integrated cultural and ecological masterplan • Enhances the pilgrim experience as footfall rises from 2.45 crore to a projected 6 crore in the next 5 years Vrindavan, November 21, 2025: Krishna Bhumi Arcade, an initiative by Infinity Group, in partnership with the Forest, Environment & Climate Change Department of Uttar Pradesh, and Braj Teerth Vikas Parishad (BTVP), held a pre-event press conference today to announce the upcoming one of a kind event of Shri Bihar Panchami Panchavati Mahotsav, scheduled for 25th November 2025 at the historic Vaishnav Baithak site, Vrindavan.

      The briefing was addressed by Madan Dubey, ACEO, Uttar Pradesh Braj Teerth Vikas Parishad; Venkata Sreekar Patel, Divisional Forest Officer, Mathura; and Mr. Ravee Shanker, Chief Marketing Officer, Krishna Bhumi Arcade.

      While addressing the significance of Bihar Panchami, Mr. Ravee Shanker, Chief Marketing Officer, Krishna Bhumi Arcade, said, “For the past two years, Krishna Bhumi has been working through a tripartite agreement with Braj Teerth Vikas Parishad and Nagar Nigam on the ecological upliftment and green restoration of the Kumbh-Poorva Vaishnav Baithak land. Last monsoon’s flooding and waterlogging severely damaged many trees and climbers in the area. The Bihar Panchami Panchavati Mahotsav is being organised to accelerate this restoration effort and strengthen Vrindavan’s sacred ecology.” “Infinity Group has been committed to sustainable development for over three decades. Nearly 25 years ago, the Group built the world’s seventh green building and the second Platinum-rated green building outside the United States. Since then, all Infinity projects have been green certified. Krishna Bhumi Arcade, India’s first spiritual and cultural product mall, is also a pre-certified Gold-rated green building.” “At the heart of this Mahotsav is the seva-led development and preservation of Shri Vrindavan Dham. Through Panchvati plantation, our aim is to restore Vrindavan’s ancient ecology, reinforce the Yamuna riverbank, and protect the cultural landscape that has shaped devotion for centuries. Our principle is simple and unwavering- what is built in the Dham must serve the Dham”, he further added.

      The 140-acre plantation land lies between Parikrama Marg and the Yamuna, the two sacred pathways that define Vrindavan’s ancient geography. Every pilgrim entering the Bihari Ji Temple through Parikrama Marg will naturally encounter this restored green zone, transforming their journey into an immersive ecological experience rooted in the original Vrindavan ethos.

      On the auspicious occasion of Bihar Panchami, and with the sacred presence and blessings of the revered saints of Braj, Vrindavan presents an exceptional model of Kunj Seva, where nature conservation, ecological nourishment, and human life come together in harmonious balance at the lotus feet of Shri Bihari Lal.” According to the information, the Mahotsav will be inaugurated in the divine presence of 108 prominent Shri Mahants, Mahants, and saints of Braj, by Dr. Arun Kumar Saxena, Hon’ble State Minister (Independent Charge), Forest, Environment, Forest Protection & Climate Change, Government of Uttar Pradesh; Grammy Award winner and Padma Bhushan awardee Pandit Vishwa Mohan Bhatt (creator of the Mohan Veena) and Tantri Samrat Pandit Salil Bhatt (creator of the Satvik Veena) along with renowned Pandit Ajay Prasanna, three-time Grammy Award nominee.

      Furthermore, the event encourages community participation through Tulsi plantation, inviting residents and devotees to join Vrindavan’s ecological revival.

      Speakers emphasised that planting Panchvati trees along the Yamuna riverbank is both a spiritual act and an essential ecological intervention in the rapidly urbanising Bihari Ji Corridor. As Vrindavan is regarded as Bharat ki Adhyatmik Rajdhani, given the heavy footfall at the Bihariji temple this green zone will serve as a living ecological garden, offering natural breathing space, enhancing spiritual ambience, and reviving the visual beauty of ancient Vrindavan where nature, devotion and culture once existed in seamless harmony.

      This initiative is set to protect the sanctified terrain blessed by Bihari ji and offers devotees a glimpse of vrindavan as it once existed; where nature, devotion and culture seamlessly coexisted.

      A key highlight shared during the press conference was that Krishna Bhumi by Infinity group has been entrusted with 140 acres of ‘Kumbh Poorva Vaishnav Baithak’ land by BTVP, the nodal body driving Vrindavan’s holistic development under a ₹30,000+ crore allocated budget; MVDA, and Nagar Nigam for plantation, landscaping, and maintenance, reinforcing the Infinity Group’s commitment to Vrindavan’s ecological preservation as part of its CSR responsibilities.

      While inviting the audience to witness this rare convergence, the speakers concluded that the Bihar Panchami Panchvati Mahotsav 2025 represents a new model of sustainable spiritual development, preserving age-old Vrindavan with the blessings of Bihari Ji, strengthening the pilgrim experience through ecological restoration, and demonstrating that true development in the Dham is development through seva.

      Further event details will be shared at the main ceremony on November 25.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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