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    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    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
    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
    Delhi govt to provide property Aadhaar cards; bring Land Records Bill: CM Rekha Gupta
    CCS discusses global security situation, supply chain constraints
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    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.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
    July 30, 2026
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    Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
    The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
    July 30, 2026
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    Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
    Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.

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      MET Institute of Mass Media Hosted Metamorphosis 2025: A Power-Packed Celebration of Creativity in the MediaVerse

      December 22, 2025

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      Prahlad Kakkar, Manoj Bajpayee & Rakeysh Omprakash Mehra with Mrs Vishakha Bhujbal and Dr. Priya Menon Nair at METamorphosis organised by MET - Institute of Mass Media Mumbai, December 2025: Mumbai Educational Trust (MET) - Institute of Mass Media inaugurated Metamorphosis 2025, its flagship creative festival, with the vibrant theme MediaVerse, celebrating storytelling, innovation, and the ever-evolving world of multimedia creation. As one of India’s leading Media & Communication institutions offering PG programs, the MET IMM continues to shape future-ready professionals through its diverse educational programmes across advertising, journalism, entertainment, digital marketing, events, content creation, storytelling, creative technology and more. MET’s student-first approach, strong academic foundation, and hands-on training ensure that young learners are equipped with industry knowledge, creative thinking, and practical skills to thrive in a rapidly changing world. The festival - Metamorphosis, opened with heartfelt guidance from MET’s leadership and amongst fanfare of student and media enthusiasts. Shri Pankaj Bhujbal, Hon. Trustee, expressed pride in MET’s long-standing commitment to nurturing media talent and preparing students for industry challenges. Smt. Vishakha Bhujbal, Senior Management Representative, encouraged students to explore their creativity with confidence and curiosity. The event reflected the vision of Dr. Priya Menon Nair, Director of MET Institute of Mass Media, whose hands-on guidance helped students shape their ideas into powerful creative experiences. The day began with an electrifying session by Team BhaDiPa featuring Sarang, Rahi, and Devang. Their energy, humour, and live content creation instantly connected with the audience. Students from 35 colleges participated enthusiastically, turning the hall into a vibrant creative playground. A major highlight of the festival was The Creators’ Court, an imaginative courtroom style showcase with Manoj Bajpayee, Rakeysh Omprakash Mehra, and Prahlad Kakar. Student representatives Akshata and Ronak presented playful creative charges, and the celebrities responded with sharp wit and good natured roasts that had the audience cheering. It became a memorable mix of humour and honest creative reflection. Manoj Bajpayee reflected, “When you truly love what you do, and you keep doing it every day, you slowly become flawless at it. It’s like learning the guitar. In the beginning, you’re focused on the strings and the fretboard, unsure and slow. But with practice, mastery comes naturally. Keep practising, stay committed to the craft, and that’s how real growth happens.” Rakyesh Omprakash Mehra said, “Media doesn’t really bring people together. People do. Sit with your family, spend time with your grandparents. They are the ones who hold families together. Films and stories are just an ice breaker, a reason to start the conversation.” Pralhad Kakar shared with a smile, “I haven’t grown older than 18 at all. I’m Gen Z at heart. People say attention spans have shortened, but that’s not true. If you are willing to tell an honest, interesting story, people will always stay and listen.” The momentum continued with a conversation featuring Marathi actors Abhinay Berde, Hruta Durgule, and Director Kshitij Patwardhan, moderated by Shweta Gadekar along with student moderators Anoushka and Vaibhavi. Their discussion on evolving narratives, performance journeys, and the future of Marathi cinema resonated strongly with aspiring creators. The second day brought yet another power-packed edition of The Creators’ Court, this time featuring Sonakshi Sinha and Zaheer Iqbal. What began as an expected casual conversation quickly turned into a full-fledged Gen Z–style interrogation, complete with playful charges, witty comebacks, and infectious laughter. Their spontaneity, humour, and glowing chemistry instantly won over the audience. Through their candid interactions, students got a glimpse of who they truly are behind the screen — a fun-loving, warm, and genuinely joyful couple whose real-life camaraderie made the session one of the festival’s most unforgettable highlights. Sonakshi Sinha said, “In today’s media world, being real matters more than anything. Authenticity cuts through all the noise and trends. It’s the strongest voice a creator can have.” Zaheer Iqbal shared, “Media has a lot of power and reach, and with that comes the responsibility. Every story or performance should try to say something meaningful, because that’s what truly stays with people.” Competitions, Scale, and Grand Finale Across three action-packed days, Metamorphosis 2025 hosted a total of 28 dynamic activities—12 on Day 1, 9 on Day 2, and 7 on Day 3. Events ranged from Mr. & Ms. Metamorphosis, fashion shows, dance competitions, creative challenges, and more, culminating in a grand Awards Ceremony that celebrated talent, teamwork, and creative excellence. Just for this event MET IMM crafted the coveted 9.5-foot Metamorphosis Trophy, which has been acknowledged as the World’s Largest Trophy by the Global Book of Excellence (England) and India’s Tallest Trophy by the India Book of Records. This coveted trophy was won by M.L. Dahanukar College. The Second Prize was secured by Lala Lajpat Rai College, while the Third Prize went to Kandivli Education Society’s B.K. Shroff College. The awards were presented by Shri Pankaj Bhujbal, Hon. Trustee, MET, Ashwin Rane, Registrar, MET, and Dr. Priya Menon Nair, Director, MET Institute of Mass Media. Congratulating the students, Shri Pankaj Bhujbal applauded the passion and professionalism displayed throughout the festival, noting that Metamorphosis continues to grow in scale and impact because of the strong collaboration between leadership, faculty, and students. Aligning with this view, Dr. Priya Menon Nair acknowledged the exemplary leadership of Ronak and Althea, supported by the efforts of the member IMM student organising committee and student leaders, whose collective vision and meticulous execution ensured the resounding success of Metamorphosis 2025. Participants and winners from colleges across the city expressed immense excitement, describing Metamorphosis 2025 as a “mind-blowing, once-in-a-lifetime experience,” and eagerly looked forward to an even bigger and bolder edition next year. About MET Institute of Mass Media, Mumbai Incepted in 2005, MET IMM has a legacy of more than 2 decades. AI-integrated full time PG programmes offered by the Institute prepares graduates from any discipline for modern media through hands-on training in advertising, PR, storytelling, design, production, and strategy. With a Transmedia Storytelling approach, students create campaigns across print, digital, radio, TV, films/OTT, events, PR, and influencer ecosystems. They master industry tools like Adobe CC, Figma, Blender, Unreal, Unity, Cinema 4D, VR/360°, and leading AI platforms such as Runway Gen-2, Midjourney, DALL·E, Sora (when accessible), and ElevenLabs. Based in Mumbai, the media hub, the programme offers strong placements with alumni at Ogilvy, Dentsu, Madison, Times Group, and top creative networks—making learners fully industry-ready for roles across agencies, media houses, digital firms, production studios, OTT platforms, and brand teams. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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