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    PNB and Andhra Pradesh sign MoU to establish India's first Bank-led Quantum Finance Hub at Amaravati
    Govt allows FDI in inventory-based e-commerce model only for export purposes
    Joint home loans in India - interest rates start at 7.25%* p.a. for salaried applicants
    6Wresearch: India Export Attractiveness Tracker 2026
    Govt allows FDI in inventory-based model of e-commerce only for export purposes
    CRIF India Launches Chennai Chapter of 'Credit Goes to HER' to Strengthen Women's Leadership in the Credit Ecosystem
    Loan Fest 2026: Apply for a Bajaj Finance Personal Loan Online with Attractive Offers
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    Invest Manchester: UK-India Free Trade Agreement Opens New Doors for APAC Manufacturers
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    ISTITUTO MARANGONI MUMBAI PRESENTS ITS 2026 STUDENT SHOWCASE — ‘ASTITVA’
    Rupee rises 5 paise to 96.48 against US dollar in early trade
    Ministry of Statistics and Programme Implementation has put in place well-defined mechanisms to ensure timely collection and publication of official s...
    Ministry of Statistics and Programme Implementation undertakes periodic methodological reviews of statistical framework to ensure official statis...
    ENERGY STATISTICS INDIA
    CCI approves acquisition of 100% of the equity share capital of NCR Atleos Corporation (Target) by The Brink's Company (Acquirer)
    US to unveil final action on Sec 301 investigation on Thursday: USTR Greer
    Lokayukta police unearth Rs 17 crore assets of power firm official, relatives
    Maharashtra govt releases 'representative' list of 533 beneficiaries of farm loan waiver scheme
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    July 23, 2026
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    Quantum finance innovation will develop secure, AI-enabled banking solutions through collaborative research, startup incubation, cybersecurity enhancement and workforce development.
    Quantum finance innovation is to be advanced through a memorandum of understanding for establishing the PNB Quantum Finance Hub at Amaravati Quantum Valley. The hub will develop, test and support adoption of secure, intelligent and future-ready banking solutions using Quantum Computing and Artificial Intelligence. It will bring together industry, academia, startups and government agencies for research, innovation, incubation and acceleration of financial technologies, focusing on cybersecurity, fraud detection, operational efficiency, risk management and customer experience.
    July 23, 2026
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    Foreign investment in inventory-based e-commerce is allowed only for exports of Indian-made goods, while domestic retail remains prohibited.
    Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Restrictions on business-to-consumer and inventory-based e-commerce do not apply to these exports, subject to the Foreign Trade Policy 2023 and export regulations. Foreign direct investment in inventory-based e-commerce retailing for domestic sales remains prohibited, with the revised position taking effect upon the relevant foreign exchange notification.
    July 23, 2026
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    Joint Home Loan Eligibility and Shared Repayment Liability Shape Borrowing Capacity, Tax Claims, Documentation, and Exit Planning.
    Joint home loans allow eligible applicants to combine income for a single housing loan, while making every co-applicant fully responsible for repayment. Eligibility depends on each applicant's income, financial obligations, credit history, age, repayment capacity and property criteria. Applicants should agree on EMI sharing, ownership proportions and exit arrangements before applying, as removal of a co-applicant requires lender approval and reassessment. Co-owner borrowers may claim applicable interest and principal repayment deductions subject to ownership, contribution and income-tax requirements. Each applicant must provide separate identity, income and banking documentation.
    July 23, 2026
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    Export competitiveness increasingly depends on regulatory compliance, preferential trade access and diversification into smartphones, medicines, petroleum products and semiconductors.
    India's export potential to 2031 is centred on smartphones, polished diamonds, petroleum products and medicines, with the United States, Hong Kong, Japan, China, Singapore and the United Arab Emirates as important markets. New product opportunities include iron ore concentrates, gasoline vehicles and light petroleum oils. Although selected destinations offer duty-free or preferential access, market entry in mature markets increasingly depends on compliance with non-tariff measures, including registration, quality certification, safety documentation and product standards. Semiconductor-related manufacturing is identified as a long-term opportunity supported by expanding electronics capacity, supply-chain diversification and domestic incentives.
    July 23, 2026
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    Foreign investment in inventory-based e-commerce is permitted exclusively for exports of Indian-manufactured or produced goods under export compliance rules.
    Foreign direct investment in inventory-based e-commerce is permitted exclusively for exports of goods or products manufactured or produced in India. Foreign direct investment remains permitted in business-to-business e-commerce and the marketplace model, while business-to-consumer and inventory-based direct sales to consumers remain prohibited except for the specified export activity. Export-oriented inventory-based operations must comply with the applicable Foreign Trade Policy and foreign exchange regulations governing exports.
    July 23, 2026
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    Women's leadership in credit expands through a Chennai community platform supporting mentorship, inclusive lending practices, and financial ecosystem collaboration.
    The Chennai chapter of the 'Credit Goes to HER' initiative provides a platform for women professionals in banking, NBFCs, fintech, housing finance, academia and policy to share knowledge, obtain mentorship and collaborate on inclusive credit practices. It seeks to strengthen women's leadership and participation in the credit ecosystem while supporting responsible lending, financial inclusion, transparency and data-driven decision-making.
    July 23, 2026
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    Digital personal-loan campaign combines online collateral-free borrowing, eligibility-based assessment, flexible repayment options and conditional lifestyle rewards for successful disbursals.
    Digital personal-loan campaign permits eligible customers to apply online for collateral-free borrowing and receive specified lifestyle rewards upon successful disbursal, subject to campaign terms. Applicants may check an offer, provide personal, financial and employment information, review loan terms, complete know-your-customer and bank-account verification, and undergo assessment. Interest rates, loan amounts and repayment tenures depend on eligibility, credit profile, income and internal assessment. An EMI calculator supports comparison of repayment options and estimation of monthly instalments before application.
    July 23, 2026
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    Foreign-exchange market pressure weakened the rupee as elevated crude prices and risk sentiment drove trading conditions.
    Foreign-exchange market movement saw the rupee depreciate against the US dollar amid elevated crude oil prices linked to heightened West Asia hostilities. Weak domestic equity markets and foreign investor equity outflows contributed to negative sentiment. Market commentary indicated that prospective Reserve Bank of India intervention supported the rupee and could limit sharper depreciation, while shipping-security concerns contributed to elevated oil prices.
    July 23, 2026
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    Homebuyer refund claims in developer insolvency proceed through pro-rata distribution of funds deposited for eligible buyers.
    Homebuyer refund claims connected with demolished residential towers are being considered within the developer's insolvency proceedings. Buyers who have not opted for alternative allotment seek repayment. Eligible refunds are contemplated on a pro-rata basis from funds deposited by the Interim Resolution Professional, subject to the claims process and the availability of deposited funds.
    July 23, 2026
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    Free trade agreement tariff reductions create investment opportunities for Asia-Pacific manufacturers seeking UK and European market access.
    The UK-India Free Trade Agreement is presented as reducing tariffs on advanced machinery and manufacturing-related goods and creating trade and investment opportunities for Asia-Pacific manufacturers seeking UK and European market access. Manchester is promoted as an investment location through its advanced manufacturing cluster, skilled workforce, innovation infrastructure, international links, and available manufacturing and research space. Invest Manchester provides investor support and undertakes international engagement to develop trade, investment and innovation partnerships.
    July 23, 2026
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    Practical legal training and structured internships strengthen judicial examination preparation, professional skills, and career exposure for law students.
    Legal education employability initiatives combine curriculum alignment for judicial and competitive examinations with mentoring, legal drafting practice, research training, and professional interaction. Internships provide practical exposure to courts, judicial institutions, government bodies, law firms, advocates' chambers, corporate legal departments, and non-governmental organisations. Students in integrated and three-year law programmes complete prescribed minimum internship periods, with summer and winter placements commencing after the first year. Specialisation-based internships cover civil, criminal, corporate, cyber, intellectual property, arbitration, taxation, and government or non-governmental legal work.
    July 23, 2026
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    Student fashion showcase celebrates identity, personal storytelling, craft preservation and conscious creation through nine contemporary design collections.
    Student fashion showcase 'Astitva' presented nine contemporary collections exploring identity, belonging, transformation, memory, resilience, grief and cultural heritage through personal design narratives. The collections included a contemporary reinterpretation of Bhujodi weaving, Ajrakh block printing and Kumaoni hand-knitting, emphasising preservation of Indian craft traditions. Recognition included a designer award for the craft-revival collection and a sustainability award for a collection focused on craftsmanship, conscious creation, heirloom design and mindful luxury.
    July 23, 2026
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    Rupee exchange-rate movements face pressure from elevated crude prices and equity outflows, moderated by possible central-bank intervention.
    Rupee exchange-rate movement in early foreign-exchange trading reflected a modest appreciation against the US dollar after depreciation in the preceding session. Possible dollar sales by state-owned banks, widely viewed as central-bank intervention, and a weaker US dollar supported the currency. Elevated crude-oil prices, foreign institutional equity outflows, and negative domestic equity-market sentiment continued to create downside pressure, although expected central-bank support was considered likely to limit losses.
    July 23, 2026
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    Official statistics dissemination uses digital validation, release calendars, anonymised microdata and accessible platforms to strengthen timeliness and transparency.
    Official statistics collection and dissemination are supported through digital survey platforms with built-in validation, real-time monitoring and supervisory quality controls. Consumer Price Index, National Accounts Statistics and Index of Industrial Production data are collected, compiled or validated through specified quality and timeliness mechanisms. An Advance Release Calendar supports accountable publication, while anonymised survey microdata, stakeholder engagement and digital portals improve transparency, accessibility and use of official statistics.
    July 23, 2026
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    Official statistical modernization strengthens macroeconomic measurement through revised bases, digital surveys, validated data collection and district-level estimates.
    Official statistical methodology and National Sample Surveys are periodically reviewed to reflect changing economic conditions, emerging data needs and international standards. Base revisions for key macroeconomic indicators incorporate updated data, expanded coverage, revised weights, administrative sources and improved estimation of the unincorporated sector. Survey methods are updated through expert consultation, pilot studies and field testing. Digital collection platforms, validation checks, real-time monitoring, AI-enabled tools and multilingual interfaces support improved data quality, quicker releases, high-frequency surveys and district-level estimates.
    July 23, 2026
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    Energy statistics reporting expands with internationally aligned consumption data, energy-sector credit flows, and improved coal and electricity coverage.
    Energy Statistics India 2026 reports Total Primary Energy Supply and renewable energy potential, supporting energy policy and infrastructure planning. Its 33rd edition adds data on credit flow to the energy sector, the international energy scenario, and international marine and aviation bunker use. It aligns end-use consuming sectors for energy commodities with international standards and addresses data gaps in industry-wise coal and electricity consumption.
    July 23, 2026
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    Competition approval for full acquisition integrates cash replenishment, ATM hardware, software, managed services and maintenance operations.
    Competition approval has been granted for The Brink's Company's acquisition of the entire equity share capital of NCR Atleos Corporation, which will become wholly owned and controlled by the acquirer. The acquirer provides cash replenishment and ancillary first-line maintenance in India. The target's Indian activities include ATM hardware manufacture and supply, ATM software development and licensing, ATM managed services, and first-line and second-line ATM maintenance.
    July 22, 2026
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    Forced-labour import controls face proposed Section 301 tariff action, while India contests the investigations through bilateral trade discussions.
    Section 301 investigations concerning forced-labour imports examine whether 60 major trading partners, including India, have adopted and effectively enforced import prohibitions on goods produced with forced labour. Proposed additional tariffs would vary according to the strength of existing forced-labour import controls. India has contested the investigations and indicated that these issues may be addressed through the bilateral trade agreement under discussion. India has also initiated an anti-dumping investigation into global soda ash imports to assess potential injury or threat of injury to domestic industry.
    July 22, 2026
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    Disproportionate-assets investigation examines property, bank accounts, tax returns and investments linked to a power company official and relatives.
    Disproportionate-assets investigation concerns allegations that a power distribution company official and close relatives acquired movable and immovable assets beyond known sources of income. Lokayukta Police conducted searches, identified assets and bank deposits linked to the official, family members and associated business entities, and sought freezing of account transactions. The inquiry includes verification of property acquisitions, income-tax returns, and stock-market and mutual-fund investments, with further investigation pending.
    July 22, 2026
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    Farm loan waiver eligibility requires verified data, Agristack registration and Aadhaar authentication before direct transfer to loan accounts.
    The farm-loan waiver and one-time settlement mechanism applies to eligible beneficiaries whose loan data is uploaded by participating banks and verified through the scheme portal. Excluded categories include legislators, local-body office-bearers, government employees, certain income-tax payers, and specified cooperative-sector personnel. Eligible farmers must register on Agristack and complete Aadhaar authentication using their Aadhaar number or unique ID. After successful authentication, the eligible benefit is transferred directly to the loan account through the Direct Benefit Transfer system.

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      UP records highest domestic tourism among states in 2025; fourth in terms of foreigner visits

      December 29, 2025

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      Lucknow, Dec 29 (PTI) Extensive renovation of religious, cultural and historical sites, along with the development of modern tourism infrastructure, have posited Uttar Pradesh as the most popular destination for domestic tourism and in fourth place in terms of foreign tourist arrivals.

      According to data released by the Ministry of Tourism, Government of India, more than 137 crore domestic tourists visited Uttar Pradesh in 2025, besides 3.66 lakh foreign tourists, the state government said in a statement on Monday.

      The most significant contributor to this achievement was the grand Mahakumbh 2025 in Prayagraj, which witnessed a historic footfall of over 66 crore devotees, the statement said, adding that Ayodhya, Varanasi, Mathura Vrindavan and Shravasti have emerged as major tourism hubs.

      New avenues of religious and cultural tourism have developed across the state, the statement asserted, saying regular events organised by the tourism and culture department such as the 'Deepotsav', 'Rangotsav', 'Dev Deepawali' and 'Magh Mela' have become major attractions for tourists from India and abroad.

      Uttar Pradesh has always been a vital centre of Indian culture and history, but tourism destinations that remained neglected before 2017 have been revived and transformed under the leadership of Chief Minister Yogi Adityanath, it said.

      Along with restoration, emphasis was laid on strengthening transport, hospitality and connectivity. Improved air connectivity, expanded rail and bus services, and growth of accommodation facilities have led to a significant rise in foreign tourist arrivals.

      According to statement, in 2025, the state tourism department initiated development projects worth Rs 1,283.33 crore.

      Major projects include beautification of ghats in Varanasi, construction of an integrated circuit house and convention centre, development of the Kalinjar integrated route in Chitrakoot, and creation of tourist facility centres along the Ram Van Gaman Marg.

      Restoration work is in progress at Bhagwanpur Temple in Moradabad, Ajitashram Yog Kunj in Shahjahanpur, Valmiki Nagar's Lav Kush Kuti, Tretayug Bhoomi Kuti, Bharatkothi, Sita Rasoi and Kausalya Sthal.

      Additionally, five new projects worth Rs 7 crore were launched through district tourism units. Under the Mukhyamantri Tourism Development Cooperation Scheme, two projects were approved this year, while four more are set to receive approval soon.

      The tourism department, in co-ordination with other departments, organised several large scale cultural events throughout the year, taking tourism in the state to new heights. The most prominent among them was the Mahakumbh 2025 in Prayagraj, which attracted record numbers of tourists from the country and abroad.

      The grand Deepotsav at Ayodhya broke its own Guinness World Record for the lighting of earthen lamps, while the world's largest Ram Takht showcased during the Ramleela in Varanasi was also recorded in the Guinness Book of World Records.

      Performances such as 'Ram Katha' on the ghats of the Ganga, Kathak dance presentations, 3D holograms and projection mapping created an unforgettable experience for visitors.

      During Holi, events like Rangotsav in the Braj region, 'Chilka Holi' of Ramnagar, Holi of Kashi and 'Lathmar Holi' of Mathura mesmerised tourists.

      In 2025, festivals including 'Ghaghra Mahotsav', 'Brahma Mahotsav', 'Makar Sankranti Mahotsav', 'Dudhi Mela', 'Ghazipur Mahotsav', 'Varanasi Mahotsav' and 'Lalgarh Mela' of Chitrakoot led to a notable rise in tourist numbers, revenue generation and local employment, the official release exalted.

      According to the statement, the Uttar Pradesh Tourism Policy 2022 has ensured multi-dimensional development of tourism in the state. Under this policy, 1,757 tourism units have been registered on the Uttar Pradesh tourism portal while investment proposals worth Rs 37,688.58 crore have been received.

      To promote Uttar Pradesh tourism globally, the department participated in major international platforms including Zurich Travel Mart, Global Travel Market 2025, Paris Fashion Week, GTAC Tokyo Sydney, ITB Asia and FITUR 2025.

      At the national level, the department strengthened its outreach through participation in ITB India, GTA events in Patna, Lucknow, Mumbai, Chennai and Delhi, and Expo Jaipur.

      Focussing on youth empowerment, the tourism department implemented the CM Tourism Fellowship Programme to provide structured training opportunities to young professionals. Youth Tourism Teams were formed in all districts of the state to assist tourists and promote cultural preservation.

      In collaboration with the Centre, the department is also conducting 17 travel and tourism courses, enabling youth to gain employment as tourist guides, air hostesses, cabin crew members and hospitality professionals. In this sequence, Phase 2 of the Convention and Exhibition Centre in Shahjahanpur, developed at a cost of Rs 46 crore, is nearing completion, it said.

      Under the Youth Travel Mart initiative, youth tourism teams provided assistance to tourists in Ayodhya, Bareilly, Chandauli, Shahjahanpur, Varanasi, Farrukhabad, Prayagraj and Lucknow.

      The department also organised school-level quiz and photography competitions across major cities to promote awareness and heritage conservation. On World Tourism Day, students from 11 schools in Lucknow were taken on guided tours of prominent tourist destinations.

      Under the Swadesh Darshan Scheme 2.0 implemented by the Centre, projects such as Azad Park and Knowledge Hub in Prayagraj and the Buddhist Museum in Shravasti are being developed.

      With support from the Ministry of Finance under the Museum and Heritage Cluster Phase 1, development works are underway at sites in Kanpur associated with freedom struggle of 1857, Nawabganj Temple in Sultanpur and Farrukhabad, and Maa Kamakshi Devi Temple in Chitrakoot. An integrated project worth Rs 2.68 crore in Hardoi is nearing completion.

      The Homestay Scheme promoted by the department has boosted self-employment, while rural tourism initiatives have revived folk music, traditional cuisine and local customs, the statement added. PTI NAV ARB ARB

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