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    Central Bureau of Narcotics (CBN) and PHARMEXCIL Sign Memorandum of Understanding to Boost Legitimate Pharmaceutical Exports and Strengthen Regulatory...
    RBI's USD-INR Swap Facility Sparks Unprecedented Forex Inflows into India, Banks Raise USD 73 Billion in eleven weeks
    Rupee falls 4 paise to 95.74 against US dollar in early trade
    Former cop Waze files fresh plea in Mumbai court, wants PMLA case against him dropped
    Rupee settles 1 paisa higher at 95.70 against US dollar
    Ontario's premier: Canada should be ready to cut electricity, critical minerals as trade woes worsen
    UIDAI, Army launch Aadhaar biometric update camps for students in Assam's Tamulpur
    J&K PCC chief opposes electricity tariff hike, demands immediate rollback
    Govt lifts ban on wheat exports to protect farmers interest amid depressed local prices
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    'Only 6.83 per cent after 4 years': Omar Abdullah defends J&K power tariff hike
    No sugar shortage in India, prices to ease in coming days following govt's measures: ISMA
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    From Syrup Diversion to Sugar Production: SED's Integrated Process House Solution for Shivshakti Sugars' 7,500 TCD Plant
    Chandigarh University Provides In-House Training for Civil Services, Defence, Management, Banking & PSUs
    ICSI inaugurates new Chapter Office in Hyderabad
    Curis Lifesciences Charts a New Growth Path with Uninova, Export Markets and Branded Pharma Expansion
    IBC @ Crossroads: A Decade of Evolution, The Road Ahead
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August 25, 2026
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Voluntary pharmaceutical export compliance framework promotes legitimate trade while safeguarding controlled substances through information sharing and coordinated capacity building.
The Memorandum of Understanding creates a cooperative framework for legitimate pharmaceutical exports and safeguards against diversion of narcotic drugs, psychotropic substances and controlled precursors. A voluntary, non-binding code of conduct will recommend industry practices without imposing obligations beyond applicable law. Cooperation includes identifying export bottlenecks, streamlining procedures for compliant exporters, capacity-building programmes, lawful and confidential information sharing, and nomination of company contact persons to coordinate voluntary compliance measures.
August 25, 2026
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USD-INR forex swap facility accelerates foreign-currency mobilisation through non-resident deposits and institutional borrowing, strengthening India's external buffers.
USD-INR forex swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings enabled banks to access foreign-currency funding through a special swap window. FCNR(B) deposits formed the principal component of the reported foreign-exchange inflows, reflecting participation by non-resident Indians. The FCNR(B) window was scheduled for early closure after the stated mobilisation objective was achieved ahead of schedule, and the inflows were presented as strengthening external buffers through long-term non-resident deposits and institutional funding.
August 25, 2026
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Foreign-exchange intervention moderated rupee depreciation as crude prices, importer dollar demand and geopolitical uncertainty sustained currency-market pressure.
Foreign-exchange conditions reflected a marginal weakening of the rupee against the US dollar, influenced by elevated crude-oil prices, importer demand for dollars, weaker Asian equities and geopolitical uncertainty. The currency remained within a narrow trading band, with RBI dollar sales described as moderating sharper depreciation. The RBI's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised substantial foreign-exchange inflows, indicating support from non-resident Indian participants.
August 24, 2026
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Prior government sanction for public servants is contested as essential before money-laundering proceedings may validly proceed for official-duty acts.
Prior prosecution sanction is asserted to be a jurisdictional precondition for money-laundering proceedings against a public servant for acts connected with official duty. A former police officer challenges cognizance and process for want of sanction under the criminal procedure framework and the Maharashtra Police Act, relying on sanctions subsequently granted for co-accused public servants. The allegations concern collection of funds through the officer and their alleged laundering through an educational trust.
August 24, 2026
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Rupee exchange-rate movement gained marginal support from foreign equity inflows despite crude oil, importer demand and geopolitical pressures.
Rupee exchange-rate movement against the US dollar reflected a marginal appreciation, supported by foreign fund inflows into domestic equities. Trading remained within a narrow range amid pressures from higher crude oil prices, continuing importer demand, and geopolitical concerns. Market conditions also included a stronger dollar index, lower Brent crude futures, domestic equity declines, and net foreign institutional investment. Elevated oil prices and geopolitical uncertainty indicated a slight negative bias, while possible US dollar weakness could support the rupee.
August 24, 2026
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Retaliatory trade measures may target electricity, critical minerals and integrated automotive supply chains amid escalating cross-border tariff disputes.
Canada-United States trade relations involve escalating tariffs and contemplated reciprocal restrictions affecting goods, automotive production, electricity exports and critical-mineral supplies. Potential Canadian countermeasures include limiting or increasing the price of Ontario electricity exports and restricting supplies of critical minerals, with oil and potash also identified as possible leverage. The automotive sector faces particular exposure because Ontario production and supply chains are integrated with United States manufacturing. Negotiations also raised concern over limits on Canada's ability to conclude trade agreements with other countries without United States approval.
August 24, 2026
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Mandatory biometric updates for students support continued Aadhaar authentication and access to education, scholarship and benefit-related services.
Mandatory Biometric Update camps have been launched in schools across Tamulpur district, Assam, for eligible students aged 5 to 17 years to update Aadhaar biometrics. Aadhaar biometrics require updating on attaining five years of age and again on attaining fifteen years. Timely updating supports continued Aadhaar authentication and helps avoid difficulties in accessing services where authentication is applicable, including school admissions, entrance-examination registration, scholarships and Direct Benefit Transfer schemes.
August 24, 2026
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Electricity tariff affordability requires immediate review, withdrawal of higher consumer charges, and relief measures for economically weaker households.
Electricity tariff increase in Jammu and Kashmir has been opposed as imposing an unjustified and unaffordable financial burden on domestic consumers amid rising household costs. Immediate review and withdrawal of the increase are sought, together with measures to reduce electricity costs for domestic consumers, particularly economically weaker sections, and ensure affordable, reliable power supply.
August 24, 2026
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Wheat export liberalisation replaces prohibitions to support farm prices while domestic stocks are expected to protect consumer supply.
Wheat and wheat-product exports are liberalised with immediate effect by revising their export policy from prohibited to free. The change covers wheat, wheat flour, maida, semolina and wholemeal atta, replacing the earlier export-ban framework and simplifying exports previously permitted through licences. The measure aims to support farmers amid depressed domestic prices, while adequate domestic availability and buffer stocks are expected to meet demand and moderate consumer prices.
August 24, 2026
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Food safety compliance failures trigger licence suspensions for deficient hygiene, storage, refrigeration, sanitation and valid licensing practices.
Food safety enforcement measures resulted in suspension of food licences or registrations where establishments failed hygiene, food handling, storage, refrigeration, sanitation and licensing requirements. Deficiencies included unsafe temperature control, unclean refrigeration equipment, improper food storage and thawing, inadequate sanitisation, deteriorated or expired materials, deficient oil-quality checks, artificial colouring, pest infestation, cross-contamination risks and inadequate drainage. One outlet was also found to be operating under the name of an establishment without a valid food licence, resulting in suspension of its registration certificate.
August 24, 2026
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Central Board Governance expands through appointments of part-time non-official directors for defined terms, alongside central bank and government representatives.
Appointments to the Reserve Bank of India's Central Board expand its part-time, non-official director membership. Syed Akbaruddin, Annie George Mathew and Janmejaya Kumar Sinha have been appointed for four years from 24 August 2026, or until further orders, whichever occurs earlier. The Central Board also includes the Governor, deputy governors, the economic affairs secretary and the financial services secretary.
August 24, 2026
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Electricity tariff adjustment is linked to inflation and transmission losses, while free household units remain separately implemented.
Electricity tariff increase of 6.83 per cent after four years is presented as necessary in light of inflation and rising costs. Reducing transmission and distribution losses is identified as a means of limiting future tariff increases. Provision of 200 units of free electricity for poor and needy households through solar panels under the Muft Bijli Yojana is treated as distinct from tariff revisions.
August 24, 2026
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Sugar supply management measures target speculative stockpiling through imports, stockholding limits and earlier crushing to moderate prices.
Sugar supply is characterised as adequate, and higher prices are attributed principally to speculative buying and advance stockpiling, alongside lower output, seasonal demand and global price pressures rather than an actual shortage. Duty-free raw sugar imports and stockholding limits are intended to augment availability, curb speculative accumulation and stabilise market sentiment. Imports, existing stocks, special crushing and an earlier crushing season are expected to moderate prices and improve festive-period supply. Ethanol diversion is not identified as a cause of the price movement.
August 24, 2026
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Wheat export policy shifts to free trade, lifting restrictions on wheat flour, maida, semolina and wholemeal atta exports.
Wheat export policy has been revised from prohibited to free with immediate effect, lifting the export ban on wheat and related wheat products. The liberalised export treatment extends to wheat flour, maida, semolina and wholemeal atta. The restriction had been imposed to address rising domestic prices, and its removal is expected to improve international wheat availability.
August 24, 2026
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Bogus input tax credit fraud investigation examines fabricated invoices, circular transactions, layered funds and alleged proceeds of crime.
Investigation into alleged bogus input tax credit fraud involved searches under the anti-money-laundering framework. The alleged scheme involved fabricated invoices and e-way bills without actual movement of goods, circular transactions, layered funds, cash withdrawals and bogus or non-existent entities. GST authorities identified fraudulent availment of input tax credit causing wrongful loss to the government exchequer. The investigation focused on tracing alleged proceeds of crime, identifying beneficiaries, and securing documentary and digital evidence.
August 24, 2026
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Sugar crystallization process integration combines evaporator upgrades, continuous boiling, heat recovery and automation for efficient plantation white sugar production.
Sugar manufacturing process integration is proposed through strengthening an existing evaporator station and adding a sugar crystallization section to convert syrup production into plantation white sugar production. The scope covers design, engineering, equipment supply, erection and commissioning of condensate heaters, falling film evaporators, heat-recovery systems, continuous pans, vacuum systems and crystallizers. Continuous massecuite boiling will use chamber-specific control, while evaporator recirculation and online chemical-cleaning provisions support process control and low-grade vapour utilisation.
August 24, 2026
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Competitive examination preparation supports career pathways in civil services, public employment, management, defence, research and international higher education.
Career-development and competitive-examination preparation is offered alongside academic programmes for civil services, government and public-sector employment, banking, engineering higher education, management, defence, teaching, research and overseas education. UPSC, SSC-CGL, Bank PO, GATE, CAT, CDS, UGC-NET, GRE, GMAT and IELTS preparation includes courses, workshops, mentorship, expert guidance and examination-specific resources. Access to examinations, admissions and career opportunities remains subject to applicable eligibility, selection and institutional criteria.
August 24, 2026
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Corporate governance professionals gain expanded training infrastructure as Hyderabad's new Chapter Office supports Company Secretaries and students.
Institute of Company Secretaries of India has inaugurated a Chapter Office in Hyderabad to expand infrastructure for professional education, training, examinations, meetings, capacity-building programmes and stakeholder engagement. The facility is intended to support Company Secretaries and students and enable wider professional and educational activities. Company Secretaries are identified as corporate governance professionals, with expanding regulatory requirements and the formalisation and listing of micro, small and medium enterprises creating potential demand for qualified professionals.
August 24, 2026
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Diversified pharmaceutical growth combines branded portfolio expansion, contract manufacturing, merchant exports, and regulatory registrations for international market development.
Curis Lifesciences Limited plans a diversified pharmaceutical strategy spanning domestic branded products, contract manufacturing and international market development. Its majority acquisition of Uninova Lifesciences is intended to strengthen own-brand marketing, distribution and portfolio expansion, including injectable products through third-party manufacturing. International initiatives include merchant exports in Kenya and a Nigerian joint venture pursuing own-brand regulatory registrations alongside contract-manufacturing and export opportunities. Commercial development in Nigeria remains contingent on relevant licences and purchase orders, while projections are subject to regulatory, market and other business factors.
August 24, 2026
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Insolvency framework reform prioritises efficient resolution, value maximisation, stakeholder coordination, institutional strengthening and technology-enabled asset recovery.
Insolvency and Bankruptcy Code, 2016, entered its tenth year amid deliberations on legislative amendments, resolution timelines, stakeholder interests and value maximisation. Key areas included resolution plans and tax implications, liquidation processes, recent judicial developments, stakeholder coordination, and the roles of insolvency professionals, regulators, banking institutions and adjudicatory processes. Technological innovation, including artificial intelligence for asset tracing and recovery, alongside regulatory strengthening, capacity building and stakeholder collaboration, was emphasised for the future development of the insolvency ecosystem.

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Voices of Distinction: Ten Professionals Creating Enduring Impact

January 9, 2026

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CHANDIGARH, India, Jan. 8, 2026 /PRNewswire/ -- Kiteskraft Productions LLP proudly recognizes Voices of Distinction: Ten Professionals Creating Enduring Impact. Extending well beyond conventional roles, they emerge as mentors, thought pioneers, and drivers of change—fostering creativity, analytical thinking, ethical governance, and social accountability. Through their influential professional contributions, visionary leadership, and active community involvement, these remarkable individuals inspire generations to dream ambitiously and lead with purpose. Their shared impact creates a lasting legacy, establishing them as true architects of progress and guiding pillars for the nation's future. Dr. Ravineet R. Sami: Dr. Ravineet R. Sami is a respected leader in financial governance and higher education, with over two decades of experience defined by strategic vision, disciplined leadership, and commitment to institutional excellence and nation-building. As Chief Finance, Planning, and Development Officer at The University of Fiji, he has strengthened financial sustainability, governance frameworks, and long-term growth through digital transformation, infrastructure development, and robust compliance systems. A strong advocate of lifelong learning, Dr. Sami holds a Professional Doctorate in Leadership Management, an Honorary Doctorate in Accounting and Financial Management, an MSc in Finance and Investment, multiple MBAs, and prestigious international fellowships from Australia, New Zealand, and the United Kingdom. Beyond his institutional role, he serves as an Ambassador for the Association. Mr. Harish Chelani (CEO & Founder): Mr. Harish Chelani is a global entrepreneur whose rise from modest beginnings to a multi-million-dollar enterprise reflects vision and execution. Arriving in Dubai in 2003 with a salary of 1,000 AED, he worked relentlessly, often putting in 18 hours a day, to master global trade, consumer behavior, and supply chains. In 2014, he founded the Jumbo Master Group of Companies, now comprising 13 businesses across the UAE, Africa, and Oman, with active expansion into real estate and a large-scale entry into the Indian market underway. The group operates across FMCG and real estate, generating over USD 500 million annually. Its flagship brand, Classy, manages 250+ SKUs across food, non-food, and personal care, distributed in 1,500+ stores across 35+ countries. In 2025, the group won Best International Food Brand of the Year, while Mr. Harish Chelani received Best Innovative Businessman of the Year. Dr. Sanjeev Kumar: Dr. Sanjeev Kumar is a distinguished scholar, entrepreneur, and Supreme Court advocate whose career reflects a rare integration of literature, law, and leadership. He holds a Doctor of Literature (D.Lit.) along with advanced qualifications from MIT, Boston, the Institute of Cost Accountants of India, and the Institute of Company Secretaries of India, underscoring his academic and professional depth. With over 35 years of experience, he has successfully led organizations such as India Netbooks Pvt. Ltd. and BPA Advisory Limited, contributing significantly to finance, corporate governance, and legal strategy. A prolific author of 290 books across literature, law, and children's education, he stands among India's most versatile intellectuals. As Founder-Chairman of BPA Foundation and Vama Academy, he actively promotes language learning and empowerment. Mr. Pritesh Patel: Pritesh Patel is the Founder and CEO of Akshar Holdings, a UAE-based diversified group with operations spanning real estate leasing, brokerage, holiday homes, and allied services. Established in 2018, the organization was built on principles of trust, operational discipline, and long-term value creation. His entrepreneurial journey began in general trading, where early challenges shaped his conviction that sustainable businesses are driven by structure, patience, and accountability. Over time, he strategically expanded Akshar Holdings across the UAE, India, and select international markets. Known for his grounded and methodical leadership style, he prioritizes stability, compliance, and consistent performance. Patel remains focused on building resilient enterprises that create enduring value for clients, partners, investors, and the communities they serve with integrity and vision. Dr. Venugopal Reddy: Dr. Venugopal Reddy Iragamreddy, MBBS, DCH, MRCPCH, DSc, FRCPCH, FRACP, MBA, PhD, is an internationally recognised paediatrician, community health advocate, and healthcare leader with over fourteen years of clinical, academic, and administrative experience. At Ovum Woman and Child Specialty Hospital, Bengaluru, he has strengthened paediatric and community healthcare through evidence-based practice, quality systems, and structured hospital governance. A prolific academic, he has authored more than 150 peer-reviewed research papers and twelve medical books, contributing significantly to paediatric education and clinical preparedness. He also serves as Course Director for MRCPCH and MRCOG training programmes and is a recognised faculty member of the American Academy of Pediatrics and the Royal College of Paediatrics and Child Health. Beyond institutional roles, Dr. Reddy leads community health initiatives with organisations such as UNICEF and the United Nations Volunteers programme, focusing on maternal and child health, preventive care, public health awareness, and equitable access. Dr. Anupam Narula: Dr. Anupam Narula is a renowned Professor of Marketing and Head of Public Relations and Communication at Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi. With over 30 years of rich experience spanning teaching, research, consulting, training, industry engagement, and institution building, he is widely recognised as a thought leader in management education. He has held key academic leadership roles including Founder Director, Dean, Head of Department, and Area Chairman, and has been associated with premier institutions such as FORE School of Management, Amity University, BIMTECH, and Jaipuria Institute of Management. Dr. Narula holds a Ph.D. in Economics, multiple postgraduate qualifications, and international certifications, with core expertise in consumer behaviour, service marketing, global innovation strategy, and marketing for higher education institutions. Dr. Dharmesh J. Shah : Dr. Dharmesh J. Shah is a nationally respected academic leader shaping India's higher education and research landscape. With over three decades of experience, he blends scholarly depth with strategic vision to build institutions that are research-driven, innovation-focused, and globally connected. An expert in Artificial Intelligence, Digital Image Processing, and VLSI Design, he has authored more than 100 research publications and holds multiple patents, reflecting his commitment to application-oriented innovation. Renowned for academic governance and curriculum reform, Dr. Shah has championed interdisciplinary learning, ethical leadership, and strong industry integration. As a mentor and thought leader, he has guided countless scholars and educators, playing a pivotal role in nurturing future talent and strengthening India's position as a competitive, knowledge-driven nation worldwide today. Mr. Vikram Kamrendra Singh: The artistic journey of Vikram Kamrendra Singh spans more than three decades of discipline and thoughtful exploration. A contemporary Indian artist, he is known for a refined visual language defined by minimal lines, symbolic restraint, and conceptual depth. His work explores time, memory, literature, and inner consciousness, inviting reflection rather than spectacle. Over the years, he has exhibited at respected institutions including AIFACS Gallery, Nehru Centre Mumbai, Arpana Art Gallery, India Habitat Centre, and the Gaiety Theatre Cultural and Heritage Complex, Shimla. Beyond gallery spaces, his illustrations and designs have appeared in books, journals, and publications, bridging visual art and literature. Recently conferred an Honorary Doctorate in Visual Art, Singh's career reflects integrity, patience, and enduring artistic relevance globally. Mr. Biswajit Chowdhury: Mr. Biswajit Chowdhury is a respected leader in India's social reform and community development space, known for decades of consistent humanitarian service. With over twenty-five years of active engagement, his work reflects integrity, perseverance, and a deep commitment to inclusive growth. A former President of the Rotary Club of Kolkata, he has focused on translating social responsibility into practical, sustainable action. His initiatives span public health, sanitation, community welfare, and organizational development, closely aligned with national priorities and grassroots needs. Honored with the Bharat Ratna Samman, his contributions are recognized nationally and internationally, not merely for achievements, but for a life devoted to ethical leadership, social harmony, and long-term societal transformation that continues to inspire future generations across communities. Dr. Ananth Vaidyanathan: Dr. Ananth Vaidyanathan, born into a middle-class Brahmin family in Kerala, exemplifies how perseverance, discipline, and passion can transform ambition into achievement. His professional journey began humbly as a bellboy at a five-star hotel in Hyderabad, from where he steadily rose through dedication and hard work. Over the years, he served across the hospitality spectrum, holding roles from kitchen steward and cook to general manager and senior vice president. For the past eighteen years, he has successfully led his own hospitality enterprise, Touch of Class, as its CEO. A doctorate holder from Panama University, he is among only four professionals in Maharashtra with a PhD in Hospitality. Honored with multiple national awards, he also leads the Bhagyam Impact Foundation. About Kiteskraft Productions LLP Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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