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    CARD91 offers its comprehensive PPI Suite to Indian Overseas Bank with RuPay NCMC Capability
    Government Expands FTAs, Export Promotion Measures to Diversify Export Markets
    PLI Schemes Attract Over ₹2.40 Lakh Crore Investment, Generate More Than 14.15 Lakh Jobs
    SC issues notice on Venugopal Dhoot's plea against order upholding separate insolvency for VIL, VOVL
    Russian Technology Leaders Visit AVPL Drone City to Foster Industrial Collaboration
    India’s 8th Trade Policy Review at WTO Scheduled on 21 and 23 July 2026
    India Becomes a Party to the WTO Agreement on Fisheries Subsidies by Depositing its Instrument of Acceptance
    FIRST PRESS RELEASE OF INDEX OF CORE INDUSTRIES OF NEW SERIES WITH BASE YEAR 2022-23
    Central Bureau of Narcotics (CBN) India thwarts illegal trafficking of 12 crore Tramadol Hydrochloride, a.k.a. “fighter drug” tablets under “Ope...
    Trump imposes 50 per cent tariffs on Canadian goods, citing disputes over autos, alcohol and cheese
    Rupee falls 6 paise to close 96.36 against US dollar
    India gets USD 20.72 bn forex inflows under swap facility since Jun: RBI
    J'khand aiming to increase GI-tagged products to 25, Atthe Mutton among those in pipeline: official
    Sensex declines by 443 pts on heavy selling in HDFC Bank, Axis Bank
    Strengthening Customer Grievance Redress: The Role of the Internal Ombudsman - Keynote address by Shri Swaminathan J, Deputy Governor at the Internal ...
    Nearly 55.49 Crore Users Onboarded on UPI as in June 2026
    Government and RBI Strengthen Fintech Ecosystem with Enhanced Regulatory Frameworks & Consumer Protection Actions
    SC gives Parsvnath Developers one week to deposit dues to homebuyers, warns next step is jail
    Rupee fell 14 paise to close 96.44 against US dollar
    SC to direct CBSE to implement Orissa HC verdict on APAAR consent forms across country
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    July 21, 2026
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    Prepaid payment instrument programme adds mobility and gift card capabilities with digital servicing subject to applicable programme conditions.
    Prepaid payment instrument programme launched for Indian Overseas Bank through CARD91's technology stack, incorporating RuPay National Common Mobility Card and Gift Card capabilities. The programme was implemented following requisite approvals, testing and compliance validation. The RuPay NCMC facility supports prepaid, tap-based payments for metro, bus and parking transactions, subject to the bank's programme conditions and user eligibility. Digital card servicing may include balance enquiry, transaction history, reload or top-up functions, and customer support, subject to applicable programme terms.
    July 21, 2026
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    Free trade agreements and e-commerce export reforms expand preferential market access, address non-tariff barriers, and support small exporters.
    Export market diversification is advanced through trade agreements, export-promotion measures and capacity building. Free Trade Agreements seek preferential market access, increased trade and investment, and support for labour-intensive exports, while technical barriers to trade provisions and engagement mechanisms address standards, regulatory requirements and non-tariff barriers. Cross-border e-commerce exports are supported through trade-finance and compliance assistance, E-Commerce Export Hubs, District Export Hubs, simplified courier-export procedures, reverse-logistics facilitation, logistics planning, duty-and-tax remission, and MSME export facilitation.
    July 21, 2026
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    Production Linked Incentive Schemes strengthen domestic manufacturing through investment support, export growth, employment generation, monitoring and eligibility reforms.
    Production Linked Incentive Schemes for 14 sectors promote domestic manufacturing, investment, exports, employment and global competitiveness. Overall coordination and monitoring rests with the Department for Promotion of Industry and Internal Trade, while sector-specific implementation is undertaken by the relevant ministries and departments. Implementation is periodically reviewed, with scheme modifications, rationalised guidelines, relaxation of specified eligibility conditions, project monitoring, stakeholder consultation and inter-ministerial issue resolution used to improve uptake and strengthen domestic manufacturing ecosystems.
    July 21, 2026
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    Separate corporate insolvency processes remain contested over foreign asset treatment, specialised resolution needs, and creditors' commercial decision-making.
    Separate corporate insolvency resolution processes for VIL and VOVL are disputed following reversal of an earlier consolidation direction. Independent processes were preferred because the entities operate in distinct sectors and may require specialised resolution, while creditors' choice was treated as commercial wisdom not ordinarily open to tribunal interference. The dispute also concerns whether foreign oil and gas assets should be treated as VIL assets, against the background of VIL's conversion from co-obligor to corporate guarantor to ring-fence those assets from domestic business liabilities.
    July 21, 2026
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    Drone technology collaboration promotes joint manufacturing, technology transfer, rural entrepreneurship and global market access through an integrated industrial ecosystem.
    India-Russia industrial collaboration in drone technology is proposed through engagement on technology transfer, joint manufacturing, research collaboration, investment, exports and global market access. Drone City is presented as an integrated ecosystem covering manufacturing, research and development, testing, certification support, skill development, incubation, warehousing, startup acceleration and international technology partnerships. Its expansion and panchayat-level entrepreneurship programme are expected to create rural drone enterprises and employment in manufacturing, component production, quality control, maintenance, logistics and technical support.
    July 21, 2026
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    WTO trade policy review will assess India's trade measures, transparency framework, reforms, and responses to member questions.
    India's eighth Trade Policy Review under the World Trade Organization framework examines its trade policies and developments during the 2021-2025 review period. The process uses a Government Report and a Secretariat Report and provides a comprehensive peer examination of border and behind-the-border trade measures to promote transparency, predictability and understanding. The review addresses trade agreements, Goods and Services Tax rationalisation, digital trade-facilitation measures, and Member questions on digitisation, MSMEs, women's economic participation, Viksit Bharat and the Atmanirbhar Bharat Abhiyan.
    July 21, 2026
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    Fisheries subsidy disciplines promote sustainable marine resource use while excluding aquaculture and inland fisheries from their scope.
    The WTO Agreement on Fisheries Subsidies disciplines subsidies concerning marine wild-capture fishing and fishing-related activities at sea. It prohibits subsidies linked to illegal, unreported and unregulated fishing and fishing of overfished stocks, promoting conservation and sustainable use of marine resources. Aquaculture and inland fisheries remain outside its scope. India's fisheries management framework is identified as supporting implementation while preserving policy space and safeguarding the interests of traditional and small-scale fishers.
    July 21, 2026
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    Revised Index of Core Industries adopts a new base year, adds iron ore, and revises sector measurement methodology.
    The revised Index of Core Industries series adopts 2022-23 as its base year, replaces the former series and expands coverage to nine industries by including iron ore. Steel is measured using gross production data, while only raw coal is retained to avoid double counting. Weights are derived from the corresponding Index of Industrial Production series and normalised to 100. A geometric-mean linking methodology connects the former and revised series. June 2026 provisional estimates show overall year-on-year ICI growth, led principally by iron ore and electricity.
    July 21, 2026
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    Risk-based export controls exposed alleged pharmaceutical diversion, prompting NDPS enforcement against transnational illicit opioid trafficking networks.
    Risk-based export controls and intelligence-led enforcement under the NDPS Act, 1985 addressed an alleged attempt to divert an export consignment of high-strength Tramadol Hydrochloride tablets into illicit international channels. Enquiries with the International Narcotics Control Board and competent authorities indicated that the declared destination had been misrepresented. The action involved seizure of the consignment and arrests of persons alleged to be connected with the export arrangement and conspiracy. The operation emphasises risk-based profiling, export-control scrutiny, intelligence sharing, and international coordination against pharmaceutical diversion and transnational drug trafficking.
    July 21, 2026
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    Trade tariffs on Canadian goods target alleged discrimination against American automobiles, alcohol and dairy products under trade law.
    United States trade action imposes tariffs on most Canadian goods, citing alleged discriminatory treatment of American automobiles, alcoholic beverages and dairy products. The measures apply to goods previously protected under the United States-Mexico-Canada Agreement, subject to exclusions for energy products, potash, fish and critical minerals. The stated grounds include Canadian retaliatory tariffs, restrictions on American alcohol sales, treatment of dairy imports, and tariffs on certain United States motor vehicles outside preferential trade treatment.
    July 20, 2026
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    Foreign exchange market movement saw rupee depreciation amid geopolitical risk, higher crude prices, stronger dollar conditions and equity outflows.
    Foreign exchange market movement saw the rupee depreciate by 6 paise to close at 96.36 against the US dollar, amid global risk aversion, higher crude oil prices, escalating US-Iran tensions and rising US Treasury yields. Market commentary indicated that anticipated Reserve Bank of India intervention could limit further downside. The report also noted a stronger dollar index, domestic equity-market declines, foreign institutional equity outflows, and an increase in India's foreign exchange reserves.
    July 20, 2026
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    Concessional foreign-exchange swaps incentivise fresh FCNR(B) deposits and foreign borrowings to strengthen balance-of-payments liquidity.
    The concessional foreign-exchange swap facility incentivises fresh FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings to strengthen the balance of payments and support foreign-exchange liquidity. Its availability is time-limited, with FCNR(B) deposits eligible until September 2026 and OFCB and ECB inflows eligible until December 2026. Reported inflows were primarily mobilised through FCNR(B) deposits.
    July 20, 2026
    Show AI Summary
    Geographical indication recognition protects traditional product identity while supporting rural entrepreneurship, quality maintenance, digital access and artisan market opportunities.
    Geographical Indication recognition is being pursued for additional traditional products from Jharkhand to protect product identity and expand protected regional products. GI recognition supports cultural heritage, rural entrepreneurship and market access for artisans and primary producers. Post-registration measures emphasise product-quality maintenance and digital e-commerce access, alongside skill development, marketing initiatives, rural haats and support for non-farm sectors.
    July 20, 2026
    Show AI Summary
    Banking sector earnings concerns and geopolitical tensions pressured benchmark equities, while broader markets and selected defensive sectors gained.
    Indian benchmark equity indices declined following heavy selling in major private-sector banking shares amid concerns over weaker net interest margins and quarterly earnings. Banking and financial sector indices were the principal laggards. Renewed United States-Iran tensions, crude-oil concerns, global market weakness and reported foreign institutional investor equity sales added to investor caution. Broader domestic market indices nevertheless closed higher, with selected defensive and infrastructure-linked sectors recording gains.
    July 20, 2026
    Show AI Summary
    Internal Ombudsman independence strengthens fair customer grievance resolution, prevents escalation, and drives institutional learning from recurring complaint patterns.
    Internal Ombudsmen should independently review qualifying customer grievances to ensure fair, reasonable and timely internal resolution rather than mechanically affirming earlier decisions. Regulated entities should prevent eligible complaints from bypassing Internal Ombudsman review and should assess redress by the quality, transparency and fairness of outcomes, not merely complaint closure. Complaint patterns should be used for root cause analysis and institutional improvements, with Boards and senior management empowering Internal Ombudsmen and treating complaint trends as early-warning information. Technology may support analytics and faster processes but cannot replace judgment, empathy and impartiality.
    July 20, 2026
    Show AI Summary
    UPI security framework mandates advanced controls, alongside risk-based limits and authentication safeguards to strengthen payment ecosystem resilience.
    Unified Payments Interface is an NPCI-operated payment system authorised under the Payment and Settlement Systems Act, 2007. Cross-border UPI arrangements facilitate person-to-person remittances and person-to-merchant payments through partner institutions in multiple countries. Security measures include risk-based transaction limits, safeguards against unauthorised mobile-number changes and misuse of SMS-based authentication, and enhanced application-security requirements. The Comprehensive UPI Information Security Framework 2025 and Mobile Application Security Framework mandate advanced controls to strengthen UPI ecosystem safety and resilience.
    July 20, 2026
    Show AI Summary
    Fintech consumer protection strengthens payment security, data safeguards, innovation testing, fraud monitoring, cybercrime reporting, and public awareness mechanisms.
    Fintech regulation and consumer protection are being strengthened through self-regulatory standards, digital payment security controls, personal-data safeguards, regulatory sandbox testing, and cyber-fraud reporting mechanisms. The FinTech self-regulatory organisation framework promotes ethical conduct, market integrity, dispute resolution, transparency, and accountability. Banks must maintain minimum security controls for payment channels, supported by AI and machine-learning fraud monitoring for UPI transactions. Citizens may report cyber incidents and illegal loan apps through designated reporting channels, alongside awareness initiatives on fraud prevention and risk mitigation.
    July 20, 2026
    Show AI Summary
    Homebuyer order enforcement requires developer to deposit recoverable dues with interest, with imprisonment warned for continued non-compliance.
    Final homebuyer compensation and possession-related directions were enforced by requiring the developer and its officials to deposit the entire recoverable amount with annual interest in the court registry within one week. Existing asset freezes were to continue, and continued non-compliance could lead to imprisonment. The purchasers had obtained final regulatory compensation directions, but execution proceedings, notices and warrants had not resulted in payment or possession. Third-party rights and transfer of possession were restrained pending compliance.
    July 20, 2026
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    Foreign-exchange market pressure weakened the rupee as crude prices, geopolitical risk and dollar strength increased, with intervention offering support.
    Foreign-exchange market movement saw the rupee depreciate against the US dollar amid global risk aversion, higher crude oil prices, geopolitical tensions, and rising US Treasury yields. Reserve Bank of India intervention was identified as a potential support mechanism capable of limiting downside pressure. Higher dollar-index levels, domestic equity-market movements, foreign institutional equity outflows, and an increase in India's foreign-exchange reserves were also noted as relevant market conditions.
    July 20, 2026
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    Parental consent in APAAR enrolment requires a genuine opt-out option and compliance with personal data protection safeguards.
    APAAR consent procedures were questioned because a scheme described as voluntary may effectively require Aadhaar enrolment and condition educational access on an academic identifier. The Orissa High Court direction required the model consent form to give parents an express option to refuse consent or opt out before enrolment. Concerns included informed parental consent, withdrawal of consent, long-term storage of children's educational records and privacy protections. Educational circulars remain subject to the Digital Personal Data Protection Act, and any data-processing framework must comply with applicable consent requirements.

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      MAAC’s 24FPS Creators Fest and International Animation Awards 2025 celebrates India’s creative and AVGC-XR innovation

      December 29, 2025

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      A platform bringing emerging creators and industry leaders together for a high-impact showcase of storytelling, technology, and next-gen career pathways Mumbai, December 26, 2025: MAAC (Maya Academy of Advanced Creativity), one of India’s leading pioneers in high-end 3D Animation, VFX, Game Design, Digital Design, and Digital Content Creation has concluded the 24FPS Creators Fest and 22nd edition of International Animation Awards 2025 at the Jio World Centre, BKC, Mumbai. This year’s edition was the most dynamic and impactful in the brand’s 25-year history, bringing together one of India’s largest communities of young creators, industry veterans, studio heads, and global M&E experts. 24FPS Creator Fest was designed as an immersive platform that offered deep insights into emerging opportunities across sectors and next-gen technologies. With over 6000 submissions from India and abroad, the awards celebrated work that demonstrated originality, technical excellence, and global-ready storytelling. Over the years, the 24FPS International Animation Awards has attracted entries from more than 100 countries, including Vietnam, the United Kingdom, France, South Africa, and multiple eastern European countries and more, reinforcing MAAC’s growing creative influence. The fest opened with a compelling keynote address by Mr. Ashish Kulkarni, Founder, Punnaryug ArtVision Pvt. Ltd., who highlighted the rapidly evolving AVGC-XR landscape and the global opportunities transforming the creative ecosystem. This year’s fest featured curated knowledge sessions, including a segment on decoding “Creators. Cameras. Content. The Future of the Video Value Chain”, featuring Ms. Shweta Mahadik, Content Creator, Mr. Gaurav Markan, Sr Manager Marketing – Product, B2B Business & Strategic Alliances- Image Communication Business, Canon India, and Mr. Kiran Deohans, experienced Director of Photography and member of ISC, moderated by Dr. Rajeev Rastogi, Founder & Managing Director, WhiteApple LLP. Further elevating the event’s thought leadership, a high-engagement panel discussion titled “New Era of Storytelling with GenAI” brought together Mr. Chetan Hansraj, Head of Department – AI and VFX, Balaji Telefilms Ltd.; Mr. Nishith Dayal, Co-Founder & Chief Creative Technologist, Eleventh Door Studio; and Mr. Vishal Yoman, Founder & CEO, Kalpanik Films. The session, moderated by Mr. Samit Shetty, Lead Solutions Engineer-Media & Entertainment at Autodesk, emphasised the importance of integrating AI literacy into creative education to prepare talent for global-standard production environments. MAAC has integrated GenAI-powered across all its career courses to ensure their learners are adept at working with in human-AI environments. A significant highlight was the panel titled “Players to Creators: Career Pathways in XR & Gaming Industry,” which featured a powerhouse assembly of leaders from Maharashtra’s gaming ecosystem. Moderated by Mr. Anand Jha, CEO of NILEE GAMES, the session included insights from Ms. Laxmi Khanolkar (CEO of Apar Games), Ms. Ranbeer Singh Hora (Managing Director of GodSpeed Games), and Mr. Deepak Ail (CEO of Dot9 Games). These industry veterans provided a strategic roadmap for aspiring creators, emphasizing the transition from consumers to architects of the burgeoning XR and gaming sectors. Parallel to the main stage, the “Creative Mandapam” track delivered high-impact masterclasses led by world-class studios, including 88 Pictures, CineVisualFX, and Framestore India. These sessions offered attendees a rare look into the technical mastery behind global hits, such as the VFX of Deadpool & Wolverine, and the nuances of acting and phonetics in animation. Notably, 24FPS Creator Fest took a definitive stand in representing the “C” (Comics) in the AVGC-XR spectrum. By hosting a dedicated panel on visual design for sequential storytelling—featuring experts from Mugafi and Indusverse—the fest ensured that the art of comic creation received its rightful place alongside animation and gaming. Diving deep into the ecosystem of India’s creator economy, Mr. Ashish Kulkarni moderated a panel discussion on the topic, ‘India Rising: The New Age of IP Creation’, featuring Mr. Sanjeev Waeerkar, Director, Ice Candy, Mr. Milind Shinde, Founder & CEO, 88 Pictures, Mr. Vaibhav Kumaresh, Founder Director, Vaibhav Studios and Mr. Akshat Rathee, Co-founder, NODWIN Gaming. The awards ceremony that unfolded in the evening honoured outstanding student and professional projects across Best Animation Short-film (2D/3D), Best Visual Effects Feature Film, Best Animated Short Film, Best Unreal Cinematic Film and Best VFX shot, among a host of other categories. A distinguished jury comprising leading studio heads, creative directors, and industry veterans evaluated the entries against rigorous artistic and technical benchmarks. In the “Movers and Shakers” category, the audience was captivated with Mr. Rahul Chahar who was awarded the ‘GenZ Youth Inspiration Award’; Ms. Shweta Mahadik as the ‘Creative Innovator of the Year Award 2025’; Ms. Reenu Debnath won the ‘Breakthrough start of the year 2025’; Devika Khade for ‘Comedy Creator of the Year 2025 – Female’; Harsh Rane for ‘Comedy Creator of the Year 2025- Male’; Hamza Syed for ‘Game Changer Creator of the Year 2025’; Arbaz Patel for ‘Reality Icon of the Year - 2025’ and Zaid Darbar as ‘Music Creator of the Year-2025’. The evening saw a host of entertaining performance by leading Indian dance crew ‘MJ5’, singer Juilee Joglekar, and comedian Joel D’souza who helped in making this evening memorable for the audience. Furthermore, MAAC felicitated 40 alumni who are under the age of 40, i.e., 40 Under 40, recognising their exemplary work for the AVGC-XR ecosystem. The strong participation at 24FPS Creator Fest reaffirmed the rapid evolution of India’s AVGC-XR sector, with creators showcasing expertise in, Animation & VFX Short films, Live action short format content, new age film making using real-time engines, AI-driven design, immersive media, and digital-first production workflows. On the occasion of completing 25 years, MAAC has also introduced two new learning tracks for its upcoming students—namely Career X and Creator X. These are not just new courses; they are future-ready academic pathways designed to bridge the gap between industry and academia, and power the next generation of creative professionals. Speaking on the successful culmination of the event, Mr. Sandip Weling, Chief Business Officer – Global Retail at Aptech Limited and Brand Custodian, MAAC, said: “24FPS Creator Fest this year has once again spotlighted the talent, and creativity of MAAC students. The sessions, industry conversations, and compelling storytelling showcased today reflect a generation fully prepared to redefine the global AVGC-XR landscape. MAAC remains committed to empowering this talent through world-class training, meaningful exposure, crucial skills, and future-ready opportunities that strengthen India’s creative economy.” As one of India’s most respected platforms in the Media & Entertainment education ecosystem, 24FPS continues to nurture and empower the next generation of creative professionals in the rapidly expanding media & entertainment sector. MAAC aims to strengthen this legacy through deeper academic–industry collaborations, creator-first initiatives, and stronger audience engagement in the years ahead. About MAAC: Maya Academy of Advanced Creativity (MAAC) is India’s leading training institute for high-end 3D Animation and Visual Effects. Founded in 2001 & a major brand of Aptech Ltd, MAAC has trained over lakhs of students, worldwide. It has in total over 130 centres globally with cutting-edge infrastructure in over 65+ cities. MAAC offers industry relevant career courses on 3D Animation, Visual Effects, Gaming, Digital Design, Filmmaking, Broadcast, VR & AR. MAAC courses are thoughtfully designed to provide students thorough insights about the dynamics of the industry. It provides real-life training environment to students, backed by excellent faculty, world-class infrastructure, and the latest technical tools. MAAC students are placed across all domains of the Media & Entertainment industry in India & overseas. With our job-ready courses, MAAC students are placed in leading production houses and studios such as DNEG,Amazon, Red Chillies VFX, Accenture, Green Gold Animation, NY VFXwaala, Industrial Light & Magic (ILM), Framestore, PhantomFX, BotVFX, 88 Pictures, Resonance Digital and Folks VFX, amongst others. For further information please visit- http://www.maacindia.com/ Media contact Aptech Limited Srinidhi Iyer, Corporate Communications [email protected] (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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