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    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    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
    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
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    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      SHIVIK LABS: TRIDENT, A Step Toward Self-Improving AI Systems Built on Reasoning

      December 24, 2025

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      TRIDENT Tree-of-Thoughts Noida (Uttar Pradesh) [India], December 24: Shivik Labs, an emerging leader in foundational AI research, announced the release of its latest research paper introducing TRIDENT (Thought-based Reasoning and Improvement through Deep Exploration of Neuronal Trees), a paradigm-shifting framework designed to break the "static intelligence" plateau of modern Large Language Models. The research demonstrates that AI models can achieve significant leaps in reasoning and problem-solving through autonomous self-improvement—completely bypassing the traditional requirements for human-annotated data, handcrafted reasoning traces, or expensive additional pretraining cycles. The End of Static Intelligence: TRIDENT's +14.14% Leap on GPQA Most large language models today improve primarily through scale—more data, larger parameter counts, or additional fine-tuning—rather than through improvements in their reasoning process itself. Their reasoning behaviour is effectively static: they produce answers in a single forward pass or by sampling multiple candidates, but they do not evaluate the quality of the intermediate reasoning paths they explore. As a result, models fail to learn which reasoning trajectories were effective, which were inefficient or misleading, and why a particular solution ultimately succeeded. TRIDENT is built to address this gap. Instead of treating reasoning as a static sequence of tokens, TRIDENT treats it as a structured search problem. They have open sourced the framework along with a model using the framework on Qwen3-4B, where the Shivik Labs team demonstrated that the TRIDENT framework could drive a performance surge from 28.28% to 42.42% on the GPQA (Graduate-Level Google-Proof Q&A) benchmark. This +14.14 percentage point gain is particularly notable because it was achieved without fine tuning it with more data. "Self-Correction Loops" — The model audits its own reasoning paths, identifying logical inconsistencies and refining its internal decision-making process autonomously. "The industry has been obsessed with scaling—more data, more parameters, more compute. TRIDENT proves that the next frontier isn't just bigger models, but smarter algorithmic improvements over the current increment in model sizes. We've built a system that doesn't just predict the next word; it understands how to navigate complex logic, identify its own errors, and learn from them autonomously." — Shivansh Puri, Co-Founder and Head of Research & Engineering, Shivik Labs A First-Principles Architecture: How TRIDENT Works TRIDENT moves beyond linear "Chain-of-Thought" reasoning. It treats reasoning as a multi-dimensional search, exploring various logical branches and depth simultaneously. This allows the system to evaluate the validity of different paths in real-time and select the most robust solution without human intervention. Core Innovations 1.Tree-of-Thoughts (ToT) Reasoning Policy TRIDENT moves beyond linear Chain-of-Thought reasoning by exploring multiple reasoning paths simultaneously. By structuring reasoning as a tree rather than a single sequence, the framework enables richer exploration of solution strategies and avoids early commitment to suboptimal reasoning paths. 2. GNN-Guided Reasoning Path Evaluation To guide Tree-of-Thoughts exploration efficiently, TRIDENT employs a Graph Neural Network to evaluate intermediate reasoning states. The GNN assigns promise scores to partial reasoning paths, enabling early pruning of unproductive branches and focusing computation on the most promising reasoning trajectories. 3. Self-Generative Reasoning Loop (SGRL) TRIDENT introduces an autonomous training loop in which the model generates its own reasoning traces, evaluates both final answers and intermediate reasoning using verifiable rewards, and improves without relying on human-authored chains of thought or preference data. All learning occurs during training, resulting in a standard deployable language model at inference time. Together, these components allow TRIDENT to improve reasoning through better exploration, evaluation, and learning—without increasing model size or requiring human supervision. Comprehensive Benchmark Results TRIDENT v5 demonstrates consistent improvement across multiple reasoning benchmarks: Benchmark Baseline (Qwen3-4B) TRIDENT v5 GPQA (0-shot) 28.28% 42.42% (+14.14pp) GSM8K (5-shot) 74.14% 86.58% (+12.44pp) MMLU (5-shot) 47.70% 72.61% (+24.91pp) Winogrande (0-shot) 59.60% 67.08% (+7.48pp) ARC-C (25-shot) 54.00% 59.00% (+5.00pp) TruthfulQA (0-shot) 54.90% 54.70% (-0.20pp) From Theory to the Field: The Shivik Labs Mission Shivik Labs is not a traditional academic laboratory. It functions as a deep-tech engineering unit focused on "functional intelligence." The TRIDENT framework is currently being stress-tested within Shivik, the company's flagship platform for construction execution and control. “Every powerful technology shapes who holds control. For years, we used systems where that control lived somewhere else. That was acceptable when we were learning, but not anymore. By working on real-world problems, we are rebuilding the ability to create intelligence here. Our conviction is simple: India should stand among those who define AI, not those who depend on it.” — Abhisek Khandelwal, Founder of Shivik Labs Khandelwal emphasizes that India's unique scale and logistical complexity serve as the ultimate proving ground. "Systems that can reason and operate effectively here are, by design, more resilient than those built in sanitized, lab-only environments." Research Paper: https://www.shivik.in/shivik-labs/trident Research Repository: https://huggingface.co/shiviktech/Trident What's Next for Shivik Labs? The publication of this paper marks only the beginning for Shivik Labs. The team is currently focused on working towards building indigenous reasoning AI model with the target of releasing it by early next year. They have already built the architecture and prototype and are now moving towards production ready model. They are aiming for releasing a small 2B model early next year (Q1-2026) with a target of building the world's most efficient & powerful model by the end of 2026 To accelerate the adoption of this framework, Shivik Labs is launching Collaborative Pilot Programs specifically for organizations facing "reasoning-heavy" challenges—such as complex logistics, forensic diagnosis, or strategic forecasting—where traditional AI currently falls short. This initiative is paired with a deep commitment to transparency and the democratization of innovation. Shivik Labs is making the TRIDENT research paper and key model artifacts publicly available on Hugging Face, inviting the global AI community of researchers, engineers, and industry leaders to explore the architecture and contribute to the future of autonomous, self-improving intelligence. About Shivik Labs Shivik Labs is a deep-tech research and engineering unit dedicated to building foundational intelligence architectures. Focused on the intersection of reasoning-centric models, Graph Neural Networks, and hardware-software integration, Shivik Labs develops autonomous systems that operate reliably in the real world. The Labs is powered by a high-octane group of researchers where 90% of the team is under the age of 25. This young, agile unit is unburdened by legacy AI paradigms, allowing them to move faster and think differently about the future of self-improving intelligence. Media Contact Shivik Labs Email: [email protected] Website: www.shivik.in Paper Authors Shivansh Puri, Abhisek Khandelwal, Vedant Joshi, Akash Yadav Shivik Labs (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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