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    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    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
    AU Small Finance Bank Savings Accounts: Competitive Interest Rates, Zero-Balance Digital Account Opening and 24x7 Mobile Banking
    Rupee opens on flat note, rises 3 paise to 95.34 against US dollar in early trade
    Meeting of Heads of National Statistical Offices of BRICS Countries “Quality Statistics as Driver of Change”
    Modernization of National Sample Surveys through adoption of digital platforms such as Computer Assisted Personal Interview (CAPI) integrated with e- ...
    Govt hikes windfall gains tax on petrol, diesel, ATF exports
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    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.
    August 4, 2026
    Show AI Summary
    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
    Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
    August 4, 2026
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    Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
    Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
    August 4, 2026
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    Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
    National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.
    August 3, 2026
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    Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
    Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.

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      NORWEGIAN CRUISE LINE® UNVEILS SUN-SOAKED 2027/28 DEPLOYMENT INCLUDING ISLAND-HOPPING CARIBBEAN AND MEXICAN ESCAPES

      December 22, 2025

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      New Season of Sailings Features 320 Voyages with Two Prima Class Ships in San Juan and Expanded Caribbean Adventures Norwegian Viva in San Juan, Puerto Rico MUMBAI (22 December, 2025) - Norwegian Cruise Line (NCL), the innovator in global cruise travel with a 59-year history of breaking boundaries, has announced its highly anticipated 2027/28 northern hemisphere winter deployment, promising sun-soaked escapes, culturally enriching adventures, and the ultimate freedom and flexibility to design a personalised holiday experience – onboard and ashore. Following last month’s announcement of 50 sailings during Norwegian Spirit’s® 2027/28 return to Australia and New Zealand, as well as an immersive Asia season for Norwegian Jade® and an extended Hawai’i season for Pride of America®, NCL has launched an additional 320 voyages focused on the Bahamas, the Caribbean, Bermuda and the Mexican Riviera. Together, these announcements bring the total number of newly released sailings to more than 370 voyages across 50 countries, offering guests an unparalleled choice whether exploring near, or far. San Juan, Puerto Rico to Welcome Two Award-Winning Prima Class Ships For the first time in the cruise line’s history, two of NCL’s newest ships will homeport in San Juan, Puerto Rico offering week-long voyages to the Southern Caribbean with each ship offering a distinct itinerary. From 13 Nov. 2027 through 22 April, 2028, Norwegian Prima® will feature Saturday turnarounds and seven-day itineraries calling to Road Town (Tortola), British Virgin Islands; Philipsburg, St. Maarten; Bridgetown, Barbados; Castries, St. Lucia; Basseterre, St. Kitts and Nevis; and St. Thomas, U.S. Virgin Islands. Complementing her sister ship’s itineraries, Norwegian Viva will operate Sunday turnarounds from 14 Nov. 2027 through 23 Jan. 2028, with more south-bound seven-day voyages, including calls in Aruba and Curaçao, delivering vibrant cultural encounters and sun-soaked escapes. Florida Homeports Set the Stage for Diverse Bahamas, Caribbean and Panama Canal Voyages With seven ships departing from homeports across Florida, guests can choose from a variety of itineraries sailing to the Bahamas, the Caribbean and the Panama Canal. Many of these itineraries include a stop at NCL’s signature private destination in the Bahamas, Great Stirrup Cay. The island will boast exciting upgrades and enhancements such as a new pier, an oversized heated swimming pool and Great Tides Waterpark, creating an elevated island experience that blends relaxation with adventure. From Miami, the “Cruise Capital of the World”, Norwegian Joy®, Norwegian Jewel® and Norwegian Luna™ offer everything from short Bahamas getaways to extended Caribbean and Panama Canal voyages. Norwegian Joy will feature three- and four-day Bahamas escapes between November 2027 and April 2028, while Norwegian Jewel presents a mix of 10- and 11-day voyages to the Southern Caribbean and Panama Canal from November 2027 through January 2028. Norwegian Luna delivers seven-day Eastern Caribbean sailings from October 2027 through April 2028 with Great Stirrup Cay included on every itinerary. Departing from Port Canaveral (Orlando), Fla., Norwegian Aqua®, Norwegian Breakaway® and Norwegian Epic® provide even more options. Norwegian Aqua, one of NCL’s newest ships, will operate seven-day Western Caribbean cruises departing every Sunday starting October 2027 until April 2028, visiting the Cayman Islands, Jamaica, Mexico, and Great Stirrup Cay. Beginning November 2027 through March 2028, Norwegian Breakaway offers a mix of shorter four- and five-day Bahamas and Caribbean voyages, and Norwegian Epic sails seven-day Eastern Caribbean itineraries departing on Fridays. On 19 November , 2027, Norwegian Dawn® will return to Jacksonville, Fla., and kick off her second season from JAXPORT. Through April 2028, the ship will sail four- and five-day Bahamas itineraries calling to Freeport, Nassau as well as Great Stirrup Cay. NCL Continues Year-Round Deployment from Philadelphia After restarting cruise operations from the Port of Philadelphia in April 2026, NCL remains committed to the homeport with Norwegian Pearl® sailing an exceptional selection of five- to 12-day itineraries to Bermuda, the Bahamas, and the Eastern and Southern Caribbean from the SouthPort Marine Terminal Complex between October 2027 and April 2028. The ship’s Bermuda voyages include overnight stays at the Royal Naval Dockyard, while its Bahamas sailings feature calls at Jacksonville and Port Canaveral (Orlando), Fla.; Grand Bahama Island, Nassau and Great Stirrup Cay in the Bahamas. Eastern Caribbean itineraries include visits to Road Town (Tortola), British Virgin Islands; St. Thomas, US Virgin Islands; San Juan, Puerto Rico; and Puerto Plata, Dominican Republic. Longer, 11- and 12-day Southern Caribbean journeys will transport guests to stunning destinations such as Philipsburg, St. Maarteen; Bridgetown, Barbados; and St. John’s, Antigua and Barbuda. Norwegian Escape® and Norwegian Getaway® to Sail Western Caribbean Itineraries from Two Iconic Gulf Coast Cities Between November 2027 and April 2028, two NCL ships will sail Western Caribbean voyages throughout the season, offering guests convenient departures from two iconic Gulf Coast cities. Norwegian Escape will homeport in Galveston, Texas, operating a full first season of seven-day itineraries departing every Saturday. Meanwhile, Norwegian Getaway will sail from New Orleans on Sundays, providing another flexible option for travellers. Both ships will visit some of the region’s most sought-after destinations, including Cozumel, Mexico; Roatán (Islas de la Bahía), Honduras; and Harvest Caye, NCL’s resort-style private destination off the Belizean coast, delivering a perfect blend of culture, adventure and relaxation. Mexican Riviera Adventures from Los Angeles Throughout the season, Norwegian Encore® will sail seven-day roundtrip Mexican Riviera voyages, visiting Cabo San Lucas, Mazatlán and Puerto Vallarta. From October 2027 through April 2028, Norwegian Encore departs every Sunday from Los Angeles and will offer a plethora of activities catering to families, including a multi-level racetrack, Spice H2O adults-only lounge, and award-winning entertainment featuring live music and world-class shows. This expanded deployment builds on last month’s announcement of a range of itineraries aboard Norwegian Spirit® and Norwegian Jade® for the October 2027 through April 2028 season. These sailings range from week-long escapes to immersive 21-day journeys, visiting nearly 70 unique ports of call. Highlights include 22 ports across Japan, 54 overnight stays, and NCL’s first-ever visit to Esperance plus an overnight in Fremantle, Western Australia – reinforcing the brand’s commitment to delivering culturally rich experiences and deeper destination immersion worldwide. For more information or to book a cruise with NCL, please contact a travel professional; or visit https://www.ncl.com (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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