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    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
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    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
    India's Market Opportunity is Growing, and the Trade is Taking Notice
    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
    Currently nine trade disputes pending against India under WTO rules: Govt
    MNLU Mumbai Launches MBA in Entrepreneurship & Digital Business Law
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    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
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    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
    August 4, 2026
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
    Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
    August 4, 2026
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    WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
    Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
    August 4, 2026
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    Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
    The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
    August 4, 2026
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    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
    Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.

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      Olympian Ravi Kumar Dahiya praised the Richmondd Global School Students at Annual Sports Day Celebrations “ENERGIA-2025” in Thyagraj Stadium

      November 24, 2025

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      New Delhi [India], November 22: Richmondd Global School illuminated the iconic Thyagaraj Stadium with vibrancy, spirit and youthful vigour as it hosted its grand Annual Sports Day “ENERGIA-2025” on 9th November, 2025—a dynamic showcase celebrating talent, excellence and all-round development. The event powerfully echoed the school’s dedication to shaping confident, disciplined and forward-looking learners through authentic experiential opportunities. The occasion ascended to remarkable prestige with the presence of Padma Shree Awardee, Olympic Medalist and World Wrestling Champion Shri Ravi Kumar Dahiya as the Chief Guest, whose inspiring words encouraged students to embrace courage, perseverance and self-belief, leaving an enduring impression on the audience. Appreciating the event, Shri Ravi Kumar Dahiya shared, “I am absolutely spellbound. I have never witnessed such extraordinary perfection and breathtaking talent—from the youngest students to the seniors. Every act felt larger-than-life. The dedication, discipline and hard work of the teachers were visible at every moment on the field. The school’s effort in curating such a grand, flawless and meticulously coordinated event is truly commendable.” Chairperson Mrs. Nidhi Gupta, along with Principal Dr. Moupali Mittra, warmly welcomed and jointly felicitated the Chief Guest. CEO Mr. Rishabh Guptaa extended a warm welcome to the Parents and the School Community, emphasising meaningful learning and holistic development. He also presented a Memento to the Chief Guest. Administrator Mrs. Neha Gupta felicitated the Guest of Honour Shri Harvansh Chawla (Chairman, BRICS Chamber of Commerce and Industry). Managing Committee Member Mrs. Roopma Gupta welcomed the Special Guest of Honour Shri Shivam Chhabra (Advisor to Chief Minister, Delhi), while Managing Committee Member Mr. Nishant Gupta felicitated the Guest of Honour Shri Saurabh Gupta (Head – India Visa Services and Special Projects, VFS Global, Delhi).

      The ceremony began with the Lighting of the Lamp, symbolising purity and auspicious beginnings. This was followed by a colourful March Past, where all students marched together in perfect synchronisation, demonstrating unity, discipline and pride. A visually striking moment followed as balloons carrying the school banner ascended skyward, while pigeons released by the dignitaries marked the official commencement of the programme, symbolising -Strength ,Spirit and Energy.

      A defining highlight was the Grand Torch Lighting Ceremony, where the Chief Guest Shri Ravi Kumar Dahiya lit the ceremonial torch and handed it to the Head Boy. His victorious lap around the track officially declared the Annual Sports Meet Open. This was followed by the Oath-Taking Ceremony, in which the Head Boy and Head Girl led participants in pledging integrity, fairness and unwavering sportsmanship.

      Principal Dr. Moupali Mittra presented the School Report, highlighting the Scholastic Achievement, Gem Of the Year,CBSE accomplishments, SGFI recognitions and distinguished co-curricular progress. Meritorious students were honoured on stage for their excellence and consistency.

      The programme continued with a series of impressive presentations by students, beginning with Divine Genesis, a beautifully coordinated Ganesh Vandana, followed by Mystic Synergy by students of nursery and Prep. The sequence advanced into Danza del Espíritu, presented by students of Class I – The Dance of the Spirit, where students presented a rhythmic Hula-Hoop performance, displaying agility, balance and coordination. This was followed by Sinfonía en Marcha – put up by students of Class II Symphony on the Move, a remarkable marching formation, and Mélodie des Parapluies, showcased by the students of Class III–IV – Melody of Umbrellas, in which colourful umbrella patterns swept gracefully across the arena.

      The athletic events then infused the stadium with excitement as students competed in the 100-metre dash, 400-metre race and Relay Race, demonstrating determination, competitive spirit and physical excellence. Winners were awarded with gold, silver and bronze medals by the honourable Cheif Guest .

      Further displays of student skill included Yong Saui Chum-Kumphu – done by the students of Class V – The Dance of the Warriors, featuring martial arts, tile-breaking and controlled fire stunts that showcased strength, precision and courage; Dynamic Dreams – rendered by the students of Class VI – With Faith in Motion, a gymnastics act of flips, pyramids and acrobatics reflecting balance and athletic excellence; Veeranjaneya Nritya – presented by the students of Class V and Class VI – The Dance of the Brave, portraying the heroic strength of Lord Hanuman; Pulse of Peace Yoga – put up by the students of Class VII, presenting remarkable balance, serenity and mindfulness; Spinergy – showcased by the students of Class III and Class IV, a graceful skating performance marked by smooth glides and coordinated patterns; and Kalaripayattu, The Dance of Power and Precision, honouring India’s ancient martial tradition with disciplined stances and fluid combat motions.

      After this magnificent performance, the next enthralling segment unfolded as “the RGS Rock Band” elevated the atmosphere, delivering a high-energy performance. Students played the guitar, drums and other instruments, accompanied by powerful vocals that filled the stadium with enthusiasm and youthful vibrancy, making the entire arena come alive, rocking to the power-packed music and electrifying energy.

      This seamlessly led into the Grand Finale – The Grand Crescendo, a mesmerising, eye-catching and captivating conclusion that brought everyone together. The stage transformed into a vibrant sea of colour and beauty as students from all classes came together on one platform, creating a spectacular visual harmony. It unfolded as a colourful, radiant display, leaving the audience inspired by the unity, joy and collective pride that defined the spirit of ENERGIA-2025.

      As ENERGIA-2025 moved toward its closing moments, the National Anthem united everyone in the stadium. It was a deeply goosebumps-inducing moment, with thousands of voices rising together in patriotic pride and emotional resonance.

      A heartfelt Vote of Thanks by the Headmistress acknowledged the Dignitaries, Staff, Teachers, Parents and Students for their immense contribution. ENERGIA-2025 concluded as a grand testament to Richmondd Global School’s vision—celebrating teamwork, discipline, creativity and the limitless potential of every learner.

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

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