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    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman will embark on official visit to Canada and USA from 25th August to 2nd Septemb...
    UPI Completes 10 Years of Digital Payments Revolution- Globally Recognised as World’s Largest Real‑Time Payment System
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August 24, 2026
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Bilateral economic and financial cooperation will advance through investment dialogues, business engagement, financial-sector partnerships, and global economic discussions.
Official visits to Canada and the United States are scheduled to strengthen bilateral economic and financial partnerships, deepen investment linkages, and advance cooperation on global economic priorities. Engagements include an Economic and Financial Dialogue, investment and business roundtables, corporate meetings, and discussions on financial-sector cooperation, technology, innovation, critical minerals, resilient supply chains, and a Comprehensive Economic Partnership Agreement. Participation in the G20 Finance Ministers and Central Bank Governors Meeting will address global economic growth, stability, and international financial cooperation.
August 24, 2026
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Interoperable real-time payments enable inclusive retail transactions, bank participation, and cross-border digital payment expansion through UPI.
Unified Payments Interface (UPI) operates as an interoperable, real-time digital payments platform for peer-to-peer and person-to-merchant transactions. Its network includes varied banking institutions acting as remitter and beneficiary payment service providers, with performance monitoring across participants. Person-to-merchant payments drive transaction volume through routine small-ticket retail use, while person-to-person payments represent a larger share of transaction value. UPI also supports cross-border digital payments, with future growth linked to technological advancement, broader adoption, policy support, and financial inclusion.
August 24, 2026
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Service Producer Price Indices track quarterly price movements across financial, transport, telecom and insurance services using sub-service weights.
Service Producer Price Indices based on 2022-23 set out provisional first-quarter estimates for FY 2026-27 and final fourth-quarter estimates for FY 2025-26 across financial, insurance, telecom, railway and air-passenger services. Latest quarterly data show negative year-on-year inflation for securities transaction and banking services, while banking service contribution, pension-fund management, insurance, telecom and railway services record positive inflation. Aggregate weights are not assigned because the covered services do not represent the entire service sector; sub-service weights are used to derive service-level PPIs.
August 24, 2026
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Food safety cooperation supports imported-food quality information exchange and technical collaboration within broader bilateral economic and trade engagement.
India-Morocco economic cooperation is being advanced through discussions on trade diversification, market access, investment, industrial cooperation, customs, agriculture, food safety, energy, digital transformation and logistics. A proposed food safety Memorandum of Understanding would support exchanges on imported-food safety and quality, testing laboratories, analytical methods, import procedures, quality control, sampling, testing, packaging and labelling. Proposed cultural cooperation would promote professional exchanges, heritage conservation and institutional linkages.
August 24, 2026
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Foreign-exchange market conditions led the rupee to close marginally lower against the US dollar after reversing initial gains. The USD/INR pair traded within a narrow range amid a stronger dollar index, weak domestic equity markets, importer demand, crude-oil concerns and geopolitical uncertainty. Market commentary indicated a slight negative bias for the rupee, although possible US-dollar weakness could provide support at lower levels. India's foreign-exchange reserves increased during the referenced reporting week.
August 24, 2026
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Branch expansion for wealth and cross-border banking services targets emerging commercial centres and affluent customer segments across India.
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August 24, 2026
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Bilateral trade and investment cooperation advances through business engagement in high-technology manufacturing, clean energy, innovation and industrial collaboration.
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August 24, 2026
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Inter-state heroin trafficking enforcement uncovered concealed narcotics in transport vehicles, triggering arrests, confiscation, and continuing supply-chain investigations.
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August 24, 2026
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Five-day banking and uniform performance incentives drive proposed bank union action over unresolved pension and employment demands.
Banking labour relations are affected by proposed nationwide industrial action over five-day banking, performance-linked incentives, and pension-related demands. Five-day banking remains pending despite a bipartite arrangement for extended weekday hours. Unions dispute an incentive scheme that differentiates awards by seniority and individual performance, contending that it departs from bank-level performance linkage and uniformity across cadres. They also allege that implementation during pending conciliation breaches a status quo obligation, while pension revision, uniform dearness allowance, and a pension-scheme switch option remain unresolved.
August 24, 2026
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Free trade agreement strategy expands preferential market access and supports India's integration into global value chains and investment partnerships.
India's free trade agreement strategy seeks to expand preferential market access and integrate the country into global value chains as a trusted trading partner. Negotiations with additional country groups and individual nations are intended to extend agreement coverage to a substantial share of global trade. Investment opportunities are identified in data centres, manufacturing and artificial intelligence, alongside an objective of developing more balanced trade relations between India and Japan.
August 24, 2026
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Foreign exchange market conditions supported rupee appreciation, but crude prices, importer demand and geopolitical sanctions concerns limited gains.
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August 23, 2026
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August 23, 2026
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Digital arrest cyber fraud used impersonation, forged notices and coercive video calls to obtain transfers through mule accounts.
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Political targeting allegations challenge money-laundering enforcement actions, searches, questioning, and public disclosures in the CMRL investigation.
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August 23, 2026
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Money-laundering investigation into alleged liquor transport irregularities results in arrests connected with claimed loss to the government exchequer.
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August 22, 2026
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Retaliatory tariffs escalate trade restrictions as historic tariff authority enables duties without prior investigation or a prescribed duration.
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August 22, 2026
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Reciprocal tariffs reshape Canada-United States trade relations, increasing supply-chain risks and accelerating Canadian trade diversification beyond its primary export market.
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August 22, 2026
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Retaliatory tariffs on United States goods will target key sectors after trade negotiations failed and reciprocal tariff relief was unavailable.
Retaliatory tariffs on United States goods will take effect from 8 September in response to United States tariffs on Canadian products and unsuccessful negotiations. The dollar-for-dollar measures will cover steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with product-specific details to follow. Canada had been willing to remove certain retaliatory tariffs if corresponding United States tariffs were substantially reduced, but considered the final demands unacceptable.

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Customs & Trade

Denmark and Greenland say sovereignty not negotiable after Trump's about-turn on tariffs

January 22, 2026

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Copenhagen(Denmark), Jan 22 (AP) Denmark's prime minister insisted that her country can't negotiate on its sovereignty and Greenland's leader said Thursday it's a “red line” after US President Donald Trump said he agreed on a “framework of a future deal” on Arctic security with the head of NATO.

Much about the potential deal remained unclear, though Trump said in a Fox Business interview that “we're going to have total access to Greenland.” He added that “we're going to have all the military access we want." Trump on Wednesday abruptly scrapped the tariffs he had threatened to impose on eight European nations to press for US control over Greenland, a semiautonomous territory of NATO ally Denmark. It was a dramatic reversal hours after he insisted he wanted to get the island “including right, title and ownership” — though he also said he would not use force.

Greenlandic Prime Minister Jens-Frederik Nielsen voiced guarded relief, but he said he knew no concrete details of the agreement Trump cited.

“I don't know what there is in the agreement, or the deal about my country,” he told reporters.

Trump said the deal, if completed, will also allow the United States to install an element of his "Golden Dome," part of a multibillion dollar missile defense system, in Greenland.

Denmark and Greenland insist on sovereignty ------------------------------------------------- Danish Prime Minister Mette Frederiksen said security in the Arctic is a matter for all of NATO, and it is “good and natural” that it be discussed between the US president and Rutte. She said in a statement that she had spoken with Rutte “on an ongoing basis,” including before and after he met Trump in Davos.

She wrote that “we cannot negotiate on our sovereignty” and added: “I have been informed that this has not been the case.” Frederiksen said that Denmark wants to continue engaging in constructive dialogue with allies on how to strengthen security in the Arctic, including the Golden Dome program, “provided that this is done with respect for our territorial integrity.” Danish officials noted that NATO doesn't have a mandate to negotiate a deal on behalf of Denmark and Greenland.

Denmark has said the US, which already has a military presence in Greenland, can boost its bases there. The U.S. is already party to a 1951 treaty that gives it broad rights to set up military bases there with the consent of Denmark and Greenland.

NATO spokesperson Allison Hart said the alliance's secretary general, Mark Rutte, “did not propose any compromise to sovereignty during his meeting with President Trump.” She said that negotiations between Denmark, Greenland and the US “will go forward aimed at ensuring that Russia and China never gain a foothold - economically or militarily - in Greenland.” Nielsen, Greenland's leader, said Rutte had delivered the message that Greenland is willing to do more and host a NATO mission.

“Until yesterday, we couldn't rule out anything,” he told reporters in the island's capital, Nuuk. “Respectful dialogue through the right channels is what we have been seeking from the get-go, and I also feel that's the intention now from the other parties, and I'm happy for that.” He pointed to a working group that the Danish and Greenlandic foreign ministers agreed with US Vice President JD Vance and Secretary of State Marco Rubio to set up last week, before Trump threatened tariffs. Denmark and the White House at the time offered diverging public views on its purpose.

Asked whether US sovereignty over small pockets of Greenland might be a possibility, Nielsen said that “we are ready to negotiate a better partnership and so on, but sovereignty is a red line.” Scepticism for Trump's switch -------------------------------- On the streets of Copenhagen, some were sceptical about Trump's switch.

“I think the man has said many things and done a lot of different things to what he says,” said Louise Pedersen, 22, who works with a startup company. “I have a hard time believing it. I think it's terrifying that we stand here in 2026.” She said it's for Greenlanders to decide what happens with their land — “not Donald Trump.” “I don't really trust anything Mr. Trump is saying,” said Poul Bjoern Strand, 70, who works in advertising.

Chancellor Friedrich Merz of Germany, one of the European countries that had faced Trump's threat of tariffs over Greenland, underlined the need for European NATO allies to do more to secure the Arctic region and stressed that it is “a common trans-Atlantic interest.” “We will protect Denmark, Greenland, the north from the threat posed by Russia,” he said at the World Economic Forum meeting in Davos, Switzerland. “We will uphold the principles on which the trans-Atlantic partnership is founded, namely sovereignty and territorial integrity.” “We support talks between Denmark, Greenland (and) the United States on the basis of these principles,” aiming for closer cooperation, Merz said. “It is good news that we are making steps into that right direction. I welcome President Trump's remarks from last night — this is the right way to go.” Frederiksen traveled to the United Kingdom on Thursday for talks with British Prime Minister Keir Starmer, who said the “hard yards” of bolstering Arctic security can begin and credited Trump's “pragmatism” for withdrawing his tariff threats. (AP) RD RD

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