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    Ensure uniform deposit rates across all branches: RBI tells banks
    PM takes stock of geo-political situation, safety of seafarers, supply chain constraints
    Delhi govt to provide property Aadhaar cards; bring Land Records Bill: CM Rekha Gupta
    CCS discusses global security situation, supply chain constraints
    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high
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    DFS Launches Protection & Indemnity Insurance Product under Bharat Maritime Insurance Pool (BMIP)
    Investec Selects Infosys Finacle SaaS Platform on Microsoft Azure for Digital Banking Transformation
    Kotak Securities Earns Great Place to Work® Certification and Recognition Among India's Best Workplaces™ in Investments 2026
    India rises from 82nd to 57th in global rankings, in structural and pro-competitive reforms: Report by Competere Foundation
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July 30, 2026
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Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
July 30, 2026
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Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
July 30, 2026
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Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
July 30, 2026
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Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.
July 30, 2026
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Economic growth and persistent inflation shaped slower output, import pressures, and continued interest-rate restraint despite resilient consumer spending.
United States economic growth slowed in the second quarter as increased imports reduced gross domestic product growth, despite stronger consumer spending and business investment linked to artificial intelligence. The preferred inflation measure moderated but remained above the central bank's target, with core consumer prices showing limited change. The benchmark interest rate was retained for a fifth consecutive meeting, though some regional presidents supported an increase to address elevated inflation. Employment growth and consumer spending continued to support economic resilience amid high living costs and energy-price pressures.
July 30, 2026
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Gold market volatility reflects retail buying, global price trends, currency movements, and weaker domestic demand linked to higher customs duty.
Gold prices rose on fresh buying by jewellers and retailers amid firm international trends, while silver prices declined. Improved domestic demand and a pullback in the US dollar supported gold, though a stronger rupee limited further gains. India's gold demand declined year-on-year during April-June, attributed to seasonally subdued sales, higher customs duty and an appeal to reduce purchases. Global gold demand remained broadly unchanged, while precious metals were expected to remain volatile and range-bound.
July 30, 2026
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Protection and indemnity insurance expands domestic maritime risk coverage for third-party liabilities and strengthens self-reliant insurance capacity.
Bharat Maritime Insurance Pool has introduced a sovereign-backed Protection & Indemnity insurance product to cover third-party maritime liabilities, including crew and cargo claims, pollution liability and wreck removal. The product expands the pool beyond cargo and hull war-risk coverage and is supported by combined indemnity capacity and a port-correspondent network. The pool is intended to maintain uninterrupted maritime war-risk insurance, build domestic underwriting capacity, strengthen maritime risk management, reduce foreign-market dependence and promote self-reliance in specialised insurance solutions.
July 30, 2026
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Cloud-native digital banking transformation integrates lending, cash management and liquidity tools while supporting scalable, resilient and compliant operations.
Digital banking transformation through a cloud-native software-as-a-service platform entails migration from legacy systems to integrated deposits, lending, virtual account management and liquidity-management capabilities. Real-time data, artificial intelligence foundations, open APIs and event-driven architecture are intended to support digital banking products, corporate cash management and operational agility. Liquidity tools are designed to provide visibility and control over cash positions and working capital. The implementation is intended to deliver scalability, resilience, security and high availability while assisting regulatory compliance; projected benefits remain subject to risks and uncertainties.
July 30, 2026
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Workplace culture recognition highlights continued investment in employee wellbeing, inclusion, learning, collaboration and growth at a stockbroking firm.
Workplace culture recognition was awarded to Kotak Securities through Great Place to Work Certification for a second consecutive year and inclusion among India's Best Workplaces in Investments 2026. The recognition followed assessment of employee feedback, workplace practices and organisational culture, reflecting employee trust, engagement and belonging. The company states that it will continue initiatives supporting employee wellbeing, learning and development, inclusion, collaboration and growth.
July 30, 2026
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Pro-competitive reforms strengthen market conditions through competition policy, investment review, trade facilitation, and reduced international regulatory barriers.
Structural and pro-competitive reforms between 2010 and 2023 are assessed as reducing market distortions and strengthening competitiveness. The assessment covers property-rights protection, domestic competition and international competition, including the Goods and Services Tax, Insolvency and Bankruptcy Code, regulatory improvements and trade-facilitation modernisation. Further priorities include evidence-based competition policy, consumer-welfare review of sector-specific investment restrictions, and cooperation to address international regulatory barriers.
July 30, 2026
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Aadhaar enrolment access expands through a new service centre, with coordinated efforts focused on improving young children's coverage.
Aadhaar enrolment in Manipur has reached approximately 87-88 per cent, with comparatively lower coverage among children aged 0-5 years. The first Aadhaar Seva Kendra in Imphal has been inaugurated to expand access to enrolment and Aadhaar-related services. The State Government is coordinating with welfare and health departments, hospitals and UIDAI to improve young children's enrolment, alongside services available through Deputy Commissioners' offices and authorised enrolment centres.
July 30, 2026
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Secured retail lending growth accompanied enhanced credit controls, digital lending processes, and branch expansion by a middle-layer non-banking finance company.
IndoStar Capital Finance Limited, a middle-layer non-banking finance company registered with the Reserve Bank of India, reported growth in secured used-vehicle finance and micro loans against property for the quarter ended June 30, 2026. It reported higher disbursements, assets under management and net interest income, alongside a lower weighted average cost of funds. The company also stated that it strengthened underwriting, customer-selection filters, scorecards and early-warning systems, while advancing electronic lending processes and expanding its branch and micro-loans-against-property network.
July 30, 2026
Show AI Summary
Gold demand trends show central bank buying and OTC investment offsetting weaker ETF and jewellery demand.
Global gold demand remained broadly unchanged during the April-June quarter, with reduced gold exchange-traded fund, bar and coin investment offset in part by over-the-counter investment supported by Asian investors. Central banks and official institutions increased net additions to gold reserves, while high prices reduced jewellery volumes and encouraged demand for lighter products. Total supply was unchanged as increased mine production was offset by lower recycling. Investment is expected to drive future demand, while high prices may continue to constrain jewellery demand and recycling.
July 30, 2026
Show AI Summary
Sports infrastructure PPP framework enables private stadium operation while requiring free coaching, child protection compliance, and student performance tracking.
The PPP framework permits private operators to modernise, operate and maintain school sports stadiums at their own cost, while providing free organised sports training to enrolled students. Operators may commercially offer paid coaching and facilities to external users outside school hours, subject to student-related obligations. Selection is based on technical eligibility and detailed evaluation of sports, PPP, operational and technology capabilities. Agreements have an initial five-year term, with possible extension based on performance, mutual consent and public interest. Child-protection compliance, bank-routed transactions and disqualification for insolvency or statutory and child-safety violations apply.
July 30, 2026
Show AI Summary
Quarterly financial reporting highlights operational growth, FDA inspection compliance, product integration, and prior insolvency proceeds in pharmaceutical operations.
Quarterly financial reporting records revenue growth and improved EBITDA performance across CDMO, Complex Hospital Generics and Consumer Healthcare operations. CDMO growth was linked to order inflows, higher capacity utilisation, pricing discipline and commercial expansion, while quality compliance included an Establishment Inspection Report for the Sellersville facility and continued Zero Official Action Indicated status. The prior-year exceptional item related to one-time insolvency proceeds from a supplier claim filed before the NCLT. Consumer Healthcare growth was attributed to power brands, e-commerce, premiumisation, pricing and cost optimisation.
July 30, 2026
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Proposed e-Way Bill enhancements remain on hold, with no production changes required pending further communication.
Proposed e-Way Bill enhancements have been kept on hold until further notice. Stakeholders are not required to make production-environment changes pursuant to the earlier advisories concerning those enhancements. The related advisories and FAQs are to be withdrawn from the GST Portal pending further communication.
July 30, 2026
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Innovation-led industrial growth promotes deep-tech investment, startup commercialisation, technology-enabled MSMEs, quality manufacturing and global market expansion.
Innovation-led industrial growth is linked to deep technology, research and development, skilled manpower, startups, MSMEs and globally competitive manufacturing. Public initiatives include long-term risk capital for emerging technologies, affordable computing capacity and semiconductor investment support. Startups are encouraged to move from prototypes to commercialisation through industry adoption and early domestic investment. Manufacturing and MSME policy emphasise technology adoption, automation, productivity, branding and uncompromising quality. Free Trade Agreements are presented as supporting global market access and export expansion.
July 29, 2026
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Fraudulent Aadhaar enrolment allegations involve forged supporting documents, misuse of operator credentials, remote access, and continuing investigation.
Forgery of Indian identity and supporting documents is alleged in an interstate racket using false birth, domicile and school certificates to obtain Aadhaar cards for foreign nationals. The racket allegedly misused authorised Aadhaar enrolment operator login credentials and used virtual private networks and remote access to enrol applicants. The alleged mastermind was arrested, and investigation, including proposed custodial interrogation, remains ongoing.
July 29, 2026
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Citizenship proof requires more than identity, tax, electoral or banking records when nationality remains unestablished.
Voter identity cards, Aadhaar cards, PAN cards and bank-account records were treated as non-conclusive proof of Indian citizenship. The petitioner and detainee were required to establish citizenship under the Immigration and Foreigners Act, 2025, and an appeal against deletion from electoral rolls did not itself satisfy that burden. The inability to identify the burial locations of the detainee's parents prevented proposed DNA-based verification and supported an adverse inference concerning their citizenship.
July 29, 2026
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Corporate Mitra Scheme builds local compliance professionals to strengthen MSME regulatory, financial, taxation, accounting and governance support.
The Corporate Mitra Scheme develops qualified and accredited para-professionals to provide MSMEs with accessible, affordable compliance and business-support services. Corporate Mitras are intended to assist enterprises with regulatory compliance, finance, taxation, accounting and governance-related requirements, enabling MSMEs to focus on innovation, expansion and growth. IICA Shillong serves as the nodal agency for Northeast regional coordination, stakeholder liaison, promotion and awareness, with regional participation encouraged through reserved course seats and a fee concession.

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Customs & Trade

EU seeking new trade partnerships. Here's why

January 28, 2026

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Brussels, Jan 28 (AP) The ambitious free trade agreement between the European Union and India underscores the EU's efforts to ink new global partnerships at a time when the Trump administration has rattled the region's capitals, which have long relied on a stable relationship with Washington on trade, defence, and diplomacy.

The agreement announced Tuesday reflects a new priority for the 27-nation EU, the world's largest trading bloc, after President Donald Trump threatened to impose tariffs because of opposition to American control of Greenland, only to back off days later. It follows trade deals struck or pending over the past year with India, Japan, Indonesia, Mexico and the five Mercosur nations of South America.

“The international order we relied upon for decades is no longer a given,” said Nikos Christodoulides, president of Cyprus, in a speech last week at the European Parliament. He was outlining Cyprus' priorities as the island nation begins its six-month term at the helm of the EU.

“This moment calls for action, decisive, credible and united action. It calls for a union that is more autonomous and open to the world," said Christodoulides, echoing widespread sentiment across the bloc.

Brussels' deals across the world --------------------------------------- After attending a military parade in New Delhi, European Commission President Ursula von der Leyen signed the free trade agreement to deepen economic and strategic ties with India. She called it the “mother of all deals.” The pact could affect as many as 2 billion people and slash tariffs on nearly 97 per cent of EU exports to India, like cars and wine, and 99 per cent of India's shipments of goods like textiles and medicines to the EU.

“Europe and India need each other today like never before,” said Garima Mohan, a senior fellow at the German Marshall Fund. She said that both Brussels and New Delhi had long sought closer ties as a counterweight to China's economic rise. But the abrasiveness of the Trump administration on economic and security issues cinched the deal.

“This movement towards diversification, looking for new partners as well as building self-reliance, was precipitated by the tensions with China and really driven home by the fracture of the trans-Atlantic partnership,” Mohan said. The deal “only came to pass at this particular geopolitical juncture, and that says something of the world we live in.” The EU struck its first trade deal in July with Indonesia. Two weeks ago, von der Leyen signed a deal with the Mercosur nations of South America that was decades in the making to create a free trade market of more than 700 million people - and she's said she has the authority to implement it despite objections raised by the European Parliament.

The EU has also upgraded ties with Japan, South Korea and Australia, Pacific nations wary of Beijing's strategic ambitions and Washington's turbulent politics.

“There is a hope that things will change given the importance of the US for us ... but there is a realisation now that we are a bit more alone in this world,” said Ivano di Carlo, a senior policy analyst at the European Policy Centre.

A burgeoning continental defence industry -------------------------------------------------- Russia's invasion of Ukraine drove the EU to create financial tools to boost the bloc's defence industry and infrastructure like trains, roads and ports — but the Trump administration's criticism of the continent's low levels of defence spending kicked those initiatives into overdrive.

Denmark's prime minister has said Russia could pose a credible security threat to the EU by the end of the decade and that defence industries in Europe and Ukraine must be able to thwart that threat.

France has led calls for Europe to build “strategic autonomy,” and support for its stance has grown since the Trump administration warned last year that its security priorities lie elsewhere and that the Europeans would have to fend for themselves.

Shortly after Trump began his second term in the White House, EU leaders agreed to increase their own defence budgets. As a priority, 150 billion euros (USD 162 billion) in loans are designated for air and missile defence, artillery systems, ammunition, drones and air transport, as well as cyber systems, artificial intelligence and electronic warfare.

Industry leaders and experts across Europe have said truly self-sufficient military power would require overcoming a decades-long reliance on the US as well as the fragmentation along national lines of Europe's own defence industry.

Stocks in Europe's major arms makers like Leonardo (Italy), Rheinmetall (Germany), Thales (France) and Saab (Sweden) have all been on the rise.

An energy dependency ---------------------------- While trying to cut its energy ties with Russia, the EU began buying more US energy, according to the Institute for Energy Economics and Financial Analysis. But that too is risky for the bloc, said Dan Jorgensen, European commissioner for energy and housing, during a North Sea Summit in Hamburg, Germany, on Monday.

The EU imports 14.5 per cent of its oil and 60 per cent of its liquefied natural gas from the US, according to the EU statistics agency Eurostat.

Jorgensen said the EU should seek further energy independence by investing in energy production and alternative suppliers.

“We do not want to replace one dependency with another — we need to diversify,” Jorgensen said.

Brussels is eyeing sources in the eastern Mediterranean and the Gulf, where negotiations are underway for a free trade deal with the United Arab Emirates.

“Decoupling is easier said than done," but forging new global relationships gives the EU an edge in dealing with Beijing, Moscow and Washington, Mohan said. (AP) SKS SKS

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