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    PM urges MSMEs to tap opportunities from FTAs
    Govt cuts windfall gains tax on petrol, diesel, ATF exports
    Modi warns of weaponisation of resources, sea routes; urges energy self-reliance
    Current account deficit widens to USD 6.2 bn in Jun: RBI data
    Concessional swap facility attracts USD 56.85 bn forex inflows: RBI
    DFS Highlights Mechanism for Timely Redressal of Insurance Policyholders’ Grievances
    Forex kitty jumps USD 14.14 bn to USD 707 bn in one of the biggest weekly expansions
    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
    50 tonnes of copper without e-way bills seized by Delhi GST, Railways joint team
    India's exports surge 19.6 pc in Jul; trade deficit widens to six-month high
    CBI ARRESTS CGST SUPERINTENDENT IN BRIBERY CASE
    The cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in Apr...
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    August 15, 2026
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    Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
    Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
    August 14, 2026
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    Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
    India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
    August 14, 2026
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    Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
    The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
    August 14, 2026
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    Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
    Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
    August 14, 2026
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    Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
    India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
    August 14, 2026
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    Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
    Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
    August 14, 2026
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    Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
    Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
    August 14, 2026
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    International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
    International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
    August 14, 2026
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    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
    August 14, 2026
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    International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
    IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
    August 14, 2026
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    Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
    Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    August 13, 2026
    Show AI Summary
    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
    August 13, 2026
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    GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
    GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
    August 13, 2026
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    Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
    Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
    August 13, 2026
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    Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
    Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
    August 13, 2026
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    Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
    India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.

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      Aakar Charitable Trust combats rural drought by raising groundwater levels through sustainable water solutions in the water deficient parts of India

      January 16, 2026

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      ~ In the past 23 years, built over 1,380 water bodies across 11 states, empowering 1.8 million lives through a pioneering community-participation model for sustainable, long-term water security ~ MUMBAI, India, Jan. 16, 2026 /PRNewswire/ -- In a country where over 600 million people face high to extreme water stress, Aakar Charitable Trust (Aakar) helps rural communities improve access to water through practical, long-term solutions. Founded in 2003 by social reformer Amla Ruia, Aakar has constructed 1,380 rainwater harvesting structures, including 825 check dams and 555 ponds, across 11 Indian states. These projects have directly benefited 1,284 villages and transformed the lives of 18 lakh people. These efforts have turned over 6.7 lakh acres of arid land into cultivable, irrigated farmland and collected 38 billion litres of water annually. From One Village to Thousands: A check dam is a strategic permanent structure, which acts as an obstacle for rainwater gushing down the hillside, thereby creating a reservoir. Building check dams in water-deficient parts of rural India helps increase the groundwater table through a natural and highly effective process of rainwater harvesting and percolation. This results in the recharge of wells and borewells across a large area. Aakar's model has shown how local water security can lead to deep and lasting change. In some villages, the increased groundwater levels have also reduced the salinity of well water, improving water quality for drinking and farming. In addition to promoting water security, Aakar encourages communities to take voluntary social reform pledges. Villagers commit to abandoning expensive practices such as dowry, alcohol, tobacco use, and lavish celebrations, helping them save money, avoid debt, and build lasting financial stability. This approach ensures that the benefits of water conservation translate into long-term, intergenerational prosperity. Impact on Rural Livelihoods The initiative began with a single check dam in Mundawara, Rajasthan, in 2006. The once-barren land began yielding income, and within just three years, local farmers earned Rs. 12 crores, sparking a chain of success stories across other villages, many of which are now proudly called 'Crorepati Villages'. Villages that were once drought-stricken, now grow three crops a year, villagers now own two- wheelers, invest in modern farming tools and technology like tractors, solar panels, and automated irrigation systems, and engage in animal husbandry. It has also led to reverse migration by villagers and men have now returned, as farming is once again a dependable livelihood. Women are freed from the daily burden of fetching water, resulting in better health and productivity. Children, especially the girl child, can now attend school, and the youth are able to pursue higher education, opening new pathways out of poverty. Communities are once again able to celebrate festivals with joy and dignity. The 'Water Mother' Behind the Movement: Amla Ruia Aakar Charitable Trust was founded by social reformer Amla Ruia, who is at the heart of this transformation and is affectionately known as 'Water Mother' by the villagers. Speaking on the Trust's mission, she said: "When I started planning social work in the villages, I had this dream of doing holistic and integrated development; however, I realised that in the absence of water, no form of sustainable development could be achieved. The thought occurred that I must do something which is sustainable, something that takes care of the lives of the villagers and which will impact a larger section of the society. During my research, I came across check dams, and this became the precise answer. I, therefore, decided to build check dams." For the past 3 years, Aakar has been setting ambitious targets and has successfully achieved them year after year. Amla Ruia sets ever-ambitious goals, determined to expand her reach and touch more lives each year. Commitment to Sustainable and Inclusive Development Aakar's model is simple yet powerful. Before any project begins, the Trust first works to convince the villagers to contribute 30% of the project cost, either through financial contributions, labour, or local materials. This early involvement builds a strong sense of ownership and responsibility within the community. Once the check dam is completed, its preservation and maintenance become the sole responsibility of the villagers, ensuring long-term sustainability without recurring costs. In regions where check dams are not feasible due to geographical limitations, Aakar constructs ponds to capture and store rainwater, ensuring water security for the village in alternate ways. Each pond constructed by Aakar generates an average annual net income of Rs. 20 lakhs between 3-4 farmers, providing multiple income opportunities through farming, animal husbandry, fish farming, poultry and horticulture. Some of Aakar's check dams hold up to 12 crore litres of rainwater during a good monsoon. The impact is both measurable and enduring. This work has also given rise to over 190 streamlets, which add to the revenue map of the river system. Villages supported by Aakar now generate an annual net income of Rs. 3,475 crores through agriculture and allied activities sustained year after year. But Aakar's vision goes beyond water, it aims to build self-sufficient, debt-free communities. Before construction begins, the Trust facilitates voluntary social reform pacts, where villagers pledge to give up practices like dowry, alcohol, tobacco, and extravagant feasts. These customs often lead to avoidable debt, and Aakar's goal, led by the values of Amla Ruia, is to ensure that the prosperity created through water is not lost to social pressures. By taking these pledges, villagers protect their newfound income and move toward a more empowered, financially stable future. Beyond Water: Tree Plantation, Education & Cultural Development Alongside water conservation, Aakar Charitable Trust drives multi-dimensional rural development through three key programmes: • Environmental Restoration: The Tree Plantation Programme, active since 2008 across six states, has enabled farmers to plant over 71,000 trees, improving biodiversity, soil health, and ecological resilience. Farmers participate directly, while field supervisors ensure long-term monitoring and survival. • Education & Youth Empowerment: Aakar strengthens rural education in Rajasthan through teacher training in partnership with Grammangal, creative learning materials developed by Amla Ruia, and ongoing support to K D Ruia Balvatika and Seth R. N. Ruia Senior Secondary School, ensuring value-based, holistic education for children and youth. • Cultural & Ecological Enrichment: In Mumbai, the Trust transformed a neglected dumping ground into Shantivan, a lush herbal garden with waterfalls, an amphitheatre, and spaces for nature trails, cultural programmes, and spiritual learning, demonstrating Aakar's commitment to nurturing both people and their environment. For more information, visit https://aakarcharitabletrust.org/. Photo: https://mma.prnewswire.com/media/2863383/Bheetkali_Check_Dam_Aakar.jpg' alt='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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