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    RBI issues Draft (Securitisation Transactions) Amendment Directions
    Rupee rises 5 paise to 95.77 against US dollar in early trade
    Woman GST officer, consultant caught taking Rs 60,000 bribe in Maharashtra's Jalna
    Zelenskyy has 'good meeting' with Trump at White House as he seeks more cooperation with US
    Creation of separate ministry infused new energy in India's cooperative movement: Amit Shah
    Railways operates first-ever direct freight train from Kolkata Port to Nepal's Biratnagar
    Haryana Cabinet approves housing, EV, MSME and governance reforms
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    India's Toy Exports Soar 89.1%, Reflecting Strong Growth in Domestic Manufacturing
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    India's FTAs Deepen Global Market Access, Boost Export Diversification and Labour-Intensive Sectors.
    73 Sports Medal Winners of Chandigarh University get government jobs in 2025-26
    Centre orders sugar dealers to limit stocks to 30 days; stock limit at 4,000 quintals
    5 Credit Profile Checks That Can Improve Financial Health
    Gold Loan EMI or Bullet Repayment: Muthoot Finance Helps Choose Right in 2026
    EU-ASEAN Business Council Calls for stronger action on Illicit Trade, highlights India''s Strategic role
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    July 29, 2026
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    Securitisation Note amendments seek stronger issuance efficiency, liquidity and transparency, with stakeholder consultation invited on proposed directions.
    Draft amendments to securitisation transaction directions seek to improve the efficiency, liquidity and transparency of issuing and subsequently transferring Securitisation Notes. The proposals apply to commercial banks, small finance banks, non-banking financial companies and all India financial institutions. Public and stakeholder comments are invited through the designated regulatory consultation platform or alternatively by post or email.
    July 29, 2026
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    Rupee appreciation reflected weaker dollar conditions, equity inflows, crude oil movements and positive domestic market sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar. A weaker US dollar, lower crude oil prices relative to earlier levels, positive domestic equity sentiment, and foreign institutional investors' net purchase of Indian equities were identified as key influences. The dollar index weakened ahead of a monetary policy announcement, while crude prices rose amid renewed geopolitical tensions. Domestic benchmark equity indices also advanced in early trade.
    July 29, 2026
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    Input Tax Credit unblocking allegedly involved illegal gratification, prompting a trap operation and apprehension of the officer and consultant.
    Alleged bribery connected with unblocking Input Tax Credit arose after an electronics trader received a show-cause notice and had its ITC blocked. A private tax consultant allegedly conveyed that a State GST officer demanded illegal gratification for unblocking the credit and encouraged the trader to settle the demand. Following a complaint, a trap operation allegedly led to the apprehension of the officer and consultant, with further legal action in progress.
    July 29, 2026
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    Defence production licensing and Russian energy sanctions shaped discussions on Ukraine's security capacity, missile supply and diplomatic engagement.
    Ukraine-US discussions addressed licences for domestic Patriot defence-system production, wider defence-production cooperation, technology exchange and missile supply funded through European resources. Ukraine also sought support for a sanctions bill designed to increase economic pressure on Russia by imposing tariffs on goods from major purchasers of Russian oil and gas and by sanctioning Russian leaders, financial institutions and energy projects. The proposed defence-production licence was identified as a longer-term measure, alongside calls for renewed diplomatic engagement.
    July 29, 2026
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    Cooperative-sector modernisation strengthens rural finance through expanded credit societies, online audits, institutional connectivity and technology-enabled cooperative banking.
    Cooperative-sector modernisation is presented as a mechanism for strengthening rural institutions, farmer prosperity and the rural economy. The separate Ministry of Cooperation provides an administrative, legal and policy framework for the cooperative movement. Key initiatives include establishing new primary agricultural credit societies and dairy cooperative societies, expanding business activities for primary agricultural credit societies, online auditing, and connecting cooperative institutions. District cooperative banks are described as important institutions for meeting the financial requirements of expanding service and dairy cooperative societies.
    July 28, 2026
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    Direct containerised rail freight movement enables seamless Kolkata Port-to-Biratnagar cargo transport without border transshipment under revised transit arrangements.
    Direct containerised rail freight movement between Kolkata Port and Biratnagar Customs Yard has commenced under the revised India-Nepal Rail Transit Protocol. The service enables end-to-end commercial rail carriage without border transshipment through the Jogbani-Biratnagar broad-gauge connection. Implementation of the revised Letter of Exchange operationalises direct commercial rail access, intended to reduce transit time, logistics costs and cargo handling while improving supply-chain efficiency, reliability and cross-border trade.
    July 28, 2026
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    State governance reforms expand housing relief, local audits, MSME support, property records, welfare measures and clean-vehicle tax incentives.
    The reforms provide concessional stamp duty and registration charges for eligible Economically Weaker Section housing beneficiaries, a statutory local-audit framework, and incentives for MSMEs and exports. They also establish rules for ownership records in Lal Dora areas and introduce a formula-based urban property-tax assessment framework with exemptions. Welfare measures cover compensation for specified unnatural custodial deaths, ex-Agniveer reservation, and compassionate appointments. Motor-vehicle tax measures provide a rebate for qualifying vehicles registered in women's names and exemptions for new electric vehicles.
    July 28, 2026
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    Investigation into alleged fund diversion faced scrutiny as agencies were required to disclose progress and decide on regular cases.
    Investigation into alleged dubious transactions and fund diversion involving Indiabulls Housing Finance Limited remained under scrutiny because investigating agencies did not provide an updated status or take a final decision on registration of regular cases. The Central Bureau of Investigation and Delhi Police Economic Offences Wing were required to file a comprehensive affidavit and status report. The allegations concern loans allegedly routed through corporate entities to promoter-linked companies, alongside inquiries involving financial, corporate-fraud and market-regulatory agencies.
    July 28, 2026
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    MSME payment-delay reforms propose faster dispute resolution, enforceable settlement recovery, and invoice discounting to strengthen supplier liquidity.
    The proposed amendment strengthens delayed-payment dispute resolution for micro and small enterprise suppliers through prescribed adjudication timelines and possible interim payment of at least half the awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and are proposed to be legally enforceable debts under the insolvency framework. Central public sector enterprises would be required to route MSME invoice settlements through the Trade Receivables Discounting System.
    July 28, 2026
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    Regional rural bank oversight strengthens financial performance, technology adoption, diversified lending and financial inclusion in remote communities.
    Regional Rural Banks are regularly reviewed for financial performance, technology upgradation, MSME lending, loan diversification and financial inclusion in rural and remote areas. Their financial health improved over recent years, with growth in deposits, loans, credit-deposit ratio, net worth and capital adequacy, alongside improved asset-quality indicators. Financial-inclusion targets for bank-account access, micro-credit, insurance and pension schemes are set and periodically monitored to extend formal financial services.
    July 28, 2026
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    Emergency credit guarantee support addresses business liquidity mismatches while public sector banks report stronger asset quality and sectoral lending growth.
    Public sector banks reported improved balance-sheet health, rising business and lending, higher profits, stronger capital adequacy, and lower gross non-performing assets through FY 2025-26. Credit expanded across retail, agriculture, MSME, and infrastructure segments. Emergency Credit Line Guarantee Scheme 5.0 provides guarantee coverage to member lending institutions for eligible additional credit facilities addressing short-term liquidity mismatches, with full coverage for MSMEs and differentiated coverage for non-MSMEs and scheduled passenger airlines. Airline assistance is linked to peak credit outstanding and may require proportionate promoter or owner equity contribution above the applicable threshold.
    July 28, 2026
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    Toy quality regulation and export support strengthen domestic manufacturing, safety compliance, market access, and competitiveness in the Indian toy sector.
    Toy-sector measures combine quality regulation, import-duty changes, domestic manufacturing support, export facilitation, and promotional initiatives. The National Action Plan for Toys covers toy design, learning-oriented toys, quality monitoring, restrictions on unsafe imports, indigenous clusters, and domestic production. A Quality Control Order and BIS licensing framework support compliance with toy-safety standards. Cluster assistance, startup recognition, export-duty remission support, and zero-duty market access under specified trade agreements seek to strengthen competitiveness, while stated measures are associated with improved quality conformity, lower imports, and increased exports.
    July 28, 2026
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    Preferential market access under free trade agreements supports export diversification, labour-intensive sectors, and exporter use of tariff concessions.
    India's FTA framework is used to promote preferential tariff utilisation, export diversification and expanded market access. The Government monitors recently operationalised agreements through Certificates of Origin and partner-country trade data. Agreements with the UAE, Australia, Mauritius, Oman and EFTA are associated with increased product-line coverage, tariff preference utilisation and export opportunities. Labour-intensive sectors receive priority through preferential access, while calibrated tariff liberalisation and transition arrangements seek to protect sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal support exporters with market intelligence, rules of origin guidance, trade data and export-performance monitoring.
    July 28, 2026
    Show AI Summary
    Preferential Market Access under free trade agreements supports export diversification, labour-intensive sectors, tariff utilisation and data-driven trade facilitation.
    Preferential tariff utilisation under recently operationalised trade agreements is monitored through Certificates of Origin and partner-country trade data. Increased certificate issuance and expansion in exported HS-level tariff lines are treated as indicators of export diversification and market penetration. Labour-intensive sectors receive improved market-access opportunities under FTAs, while calibrated tariff liberalisation and transition arrangements preserve policy space for sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal provide exporters and policymakers with market intelligence, Rules of Origin guidance, FTA advisory services and trade-performance analytics.
    July 28, 2026
    Show AI Summary
    Sports-quota government recruitment recognised medal-winning student-athletes for public employment across defence, policing, railways and other government institutions.
    Sports-quota recruitment enabled medal-winning student-athletes to obtain government employment on the basis of sporting performances at state, national and international levels. Appointments covered armed forces, central armed police and paramilitary organisations, railways, police, the Income Tax Department, a public-sector bank, sports departments and other government institutions. The described sports framework provides scholarships, coaching, infrastructure, dietary support, travel, accommodation, equipment and selection-oriented physical, mental and personality-development training.
    July 28, 2026
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    Sugar stock controls require dealers to limit inventory duration and quantity, declare holdings, and curb speculative buying.
    Sugar dealers may not retain stock beyond thirty days from receipt or hold sugar above 4,000 quintals at any time or place. Government-account stocks and authorised Public Distribution System stocks are excluded. State Governments and Union territory administrations may prescribe limits only within the national ceiling and holding period. Dealers must declare and regularly update stock positions on the designated portal. The temporary restrictions are intended to maintain domestic availability, discourage speculative buying and contain sugar prices.
    July 28, 2026
    Show AI Summary
    Credit Profile Management requires timely repayments, controlled utilisation, selective borrowing and prompt correction of credit-report inaccuracies.
    A healthy credit profile depends on timely repayment of EMIs and credit-card dues, controlled credit utilisation and selective applications for new credit. Missed payments, sustained high utilisation and multiple hard enquiries may affect credit health and lender assessment. Individuals should periodically review credit reports for inaccurate personal details, closed loans recorded as active, missing repayment updates, duplicate loan entries or incorrect payment status, and promptly seek correction of discrepancies. Regular monitoring of credit score, repayment history, active accounts and enquiries supports informed credit-management decisions.
    July 28, 2026
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    Gold loan repayment structures require borrowers to weigh EMI interest savings against bullet repayment cash-flow flexibility and maturity obligations.
    Gold loans may be repaid through EMIs, which reduce principal and interest through periodic instalments, or through Bullet Repayment, which defers principal and accrued interest until maturity. The stated framework imposes tiered loan-to-value limits and caps consumption-purpose bullet loans at 12 months, with bullet-loan collateral assessment including projected interest. EMI repayment may reduce overall interest cost for borrowers with predictable income, while bullet repayment may preserve cash flow for borrowers expecting a defined future inflow. Borrowers should compare costs and review the Key Fact Statement before choosing a structure.
    July 28, 2026
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    Illicit trade prevention requires coordinated intelligence sharing, risk-based shipment controls and public-private cooperation to protect supply-chain integrity.
    Illicit trade prevention requires coordinated regional action through institutional intelligence-sharing, joint enforcement, regulatory alignment and public-private engagement. Proposed measures include risk-based pre-export assurance, shipment controls, digital customs tools and common principles adaptable to sector-specific risks. India is identified as a dialogue partner that can support secure regional trade through enforcement cooperation, intelligence exchange and risk-based governance. Analytical research, market intelligence, product-identification awareness and voluntary track-and-trace initiatives may assist in addressing illicit tobacco trade and strengthening lawful trade integrity.
    July 28, 2026
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    Toy-sector competitiveness is advanced through a task force and playbook focused on manufacturing, innovation, quality compliance and exports.
    Toy-sector competitiveness is proposed to be advanced through a dedicated task force and a playbook addressing manufacturing ecosystems, value chains, standards and compliance, skills, innovation, intellectual property and exports. The task force is intended to strengthen manufacturing capability, resolve value-chain bottlenecks, enable design and innovation, develop employment and skills, improve ease of doing business and support global value-chain integration. The roadmap emphasises domestic production, quality standards, localisation, branding, cluster development and support for MSMEs and startups.

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      Rado True Round x Les Couleurs® Le Corbusier® Special Edition

      February 6, 2026

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      Celebrating the bold vision of a master of modernism New Delhi, Delhi, India (NewsVoir) Disruptive, captivating, iconic. Three words that characterise the work of Le Corbusier, the Swiss-born design visionary, whose unique and striking approach to architecture has been captured in a new collection of special-edition Rado timepieces - which may also be described by those same three words.

      The new releases are the latest output in a long-running collaboration between Rado and Les Couleurs Suisse®. For Rado, known as the Master of Materials, Le Corbusier’s bold designs and use of modern materials and statement colours strike a chord with its own approach to watchmaking and appetite for innovation. So far, the partnership has seen the release of 12 Rado watches, which focused on deploying contribution to modern architecture - which set the tone for the then-emergent Brutalist style - with each watch referencing one of his most epic projects.

      Minimalist elegance The first watch pays tribute to La Cité Radieuse, a vast, concrete apartment building in Marseille, France, completed in 1952, and which reimagined modern urban living. This special edition features an abstract inspiration of the building’s rough-cast, board-formed concrete, known as béton-brut, laser engraved in its high-tech ceramic dial. This offers a highly intricate interpretation of the concrete’s innate texture, with each minute detail intriguingly reflecting the light.

      Each watch in the series combines four shades from the Polychromie Architectural. First introduced in 1931, and extended in 1959, the palette was identified by the great designer as being eminently architectural, naturally harmonious and able to be combined in any way.

      This first watch is presented in Ivory White, reference 4320B, across its monobloc high-tech ceramic case and matching crown and bracelet, telling a story of pure, minimalist elegance. It is the first time that this specific colour has been deployed in high-tech ceramic. It’s worth remembering that the colour runs right through the material – the final hue is not just a coating or finish, but acquired during sintering, when it is heated to 1,450°C. Faithfully recreating an exact shade with this complex methodology is no small thing and took Rado’s experts years to perfect. This timepiece is complemented by hands in Lucent Sky Blue (32021), Luminous Ultramarine Blue (32020) and Light Ultramarine Blue (32023).

      Monochromatic power The second watch honours the Carpenter Center for the Visual Arts, in Cambridge, Massachusetts, in the USA. In a region so closely associated with American history, the Center’s bold aesthetic was a stark contrast against the leafy squares and Georgian architecture of Harvard University. As the only building Le Corbusier designed in North America – and one of his last, completed in 1963 – it is part of the nation’s cultural heritage.

      An abstract evocation of its moulded concrete facade features in the dial of this special edition, similarly laser engraved in high-tech ceramic. Showcased in Iron Grey – specifically 32010 from the Polychromie Architectural – the piece conveys the monochromatic power of raw concrete, a material which allowed for the more disruptive, sculptural forms so associated with Le Corbusier. The watch’s lacquered hands offer a dramatic juxtaposition against the dial, in three additional colours from his palette: Cream White (32001), Powerful Orange (4320S) and Slightly Greyed English Green (32041).

      Monumental design The final watch in the series celebrates Le Corbusier’s capacity to conceptualise ideas on a truly epic scale through his visionary plan for Chandigarh, India. Conceived as a completely new capital for Punjab, he imagined a more rational, efficient city with a geometric ‘grid’ layout, shared principles for architectural design, and nature carefully integrated – a design legacy that would shape urban planning throughout the rest of the 20th century.

      This special edition includes a dial design inspired by detail from the Palace of Assembly, one of three public buildings known as the Capitol Complex, completed in 1962. An abstract inspiration of a section of this monumental building’s facade is laser engraved in the dial, within a darker palette still. Here, the high-tech ceramic monobloc case, crown and bracelet appear in Ivory Black - 4320E from the Polychromie Architectural – accompanied by lacquered hands in Powerful Orange (4320S), Emerald Green (4320G) and Olive Green (4320F).

      Sensuous and scratch-proof The reverse of all three watches features 63 digitally printed colour strips - representing the full spectrum of the Polychromie Architectural. They encircle the view of the Rado calibre R763 automatic movement within, which can be seen through a flat sapphire crystal that features the logo of Le Corbusier at its centre. The colour strips also decorate the presentation box each watch is supplied in.

      On the wrist, the watch’s high-tech ceramic construction feels impossibly light and beautifully comfortable – the material quickly matches body temperature – while the material’s sensuous qualities are magnetically alluring. The almost scratch-proof characteristics of high-tech ceramic lend it unrivalled durability, just like Le Corbusier’s beloved concrete, while the Rado calibre R763 automatic movement’s 80-hour power reserve – and waterresistance to 5 bar (50 metres) – give it astonishing practicality.

      This architecturally inspired collection, pairing the father of modernism with the watchmaking vision of Rado, Master of Materials, represents a poignant new chapter in the story of Swiss design.

      Rado x Design Creativity is the lifeblood of Rado and has long been a part of the brand’s identity. Over the years, it has been involved in more than thirty collaborations with some of the world’s most visionary artists and designers, including luminaries such as Le Corbusier. Each project serves to open Rado to new horizons. Accordingly, its passion for design shares pride of place with the brand’s unending mission to discover and develop innovative materials, and is at the core of the brand’s identity, expressed as ‘Design You Can Feel’.

      About Le Corbusier Born Charles-Édouard Jeanneret in 1887, in the Swiss watch capital La Chaux-de-Fonds, Le Corbusier adopted his famous pseudonym in 1920, reflecting his own belief in reinvention and a trend for artists at the time to be known by a single name. That spark of maverick originality runs through the full gamut of his output, which included urban planning, furniture design, painting and writing. While he also enjoyed an earlier career as a watch engraver, it is arguably his architectural legacy that cemented his reputation as a pioneer – indeed as the ’father’ of modern architecture – with many of his disruptive, captivating designs still celebrated today.

      About the collaboration Today Les Couleurs Suisse® is exclusively mandated by the Fondation Le Corbusier to license the great designer’s original palette of architectural colours, the Polychromy Architectural (www.lescouleurs.ch/en/thecolours/le-corbusier). This dynamic colour system with a total of 63 colours, developed by the father of modernism and international design and style in 1931 and 1959, is to this day considered the ultimate system for colouring architecture and interiors. As both Rado and Corbusier are considered masters of materials, it makes sense that Rado has introduced Corbusier’s colours in high-tech ceramic.

      Rado True Round x Les Couleurs® Le Corbusier® Special Edition Ref.

      R27049012 Movement Rado calibre R763, automatic, 25 jewels, 3 hands, 80-hour power reserve, antimagnetic Nivachron™ hairspring, exceeds standard test requirements from 3 to 5 positions for higher accuracy Case Matt Ivory White 4320B high-tech ceramic case and crown, monobloc construction Titanium case back with digital printing on sapphire crystal, featuring Le Corbusier Polychromie Architectural colour strips Curved sapphire crystal with anti-reflective coating on both faces Water-resistant to 5 bar (50m) Dial Ivory White 4320B high-tech ceramic Laser-engraved abstraction of a concrete surface found at La Cité Radieuse, Marseille, France Hands Lucent Sky Blue 32021 hour hand Luminous Ultramarine Blue 32020 minute hand Light Ultramarine Blue 32023 second hand Bracelet Matt Ivory White 4320B high-tech ceramic Titanium 3-fold clasp Dimensions 40.0 x 47.3 x 10.4 (W x L x H in mm) Rado True Round x Les Couleurs® Le Corbusier® Special Edition Ref.

      R27048162 Movement Rado calibre R763, automatic, 25 jewels, 3 hands, 80-hour power reserve, antimagnetic Nivachron™ hairspring, exceeds standard test requirements from 3 to 5 positions for higher accuracy Case Matt Iron Grey 32010 high-tech ceramic case and crown, monobloc construction Titanium case back with digital printing on sapphire crystal, featuring Le Corbusier Polychromie Architectural colour strips Curved sapphire crystal with anti-reflective coating on both faces Water-resistant to 5 bar (50m) Dial Iron Grey 32010 high-tech ceramic Laser-engraved abstraction of a concrete surface found at the Carpenter Center for the Visual Arts, Cambridge, Massachusetts, USA Hands Cream White 32001 lacquered hour hand Powerful Orange 4320S lacquered minute hand Slightly Greyed English Green 32041 lacquered second hand Bracelet Matt Iron Grey 32010 high-tech ceramic Titanium 3-fold clasp Dimensions 40.0 x 47.3 x 10.4 (W x L x H in mm) Rado True Round x Les Couleurs® Le Corbusier® Special Edition Ref.

      R27111162 Movement Rado calibre R763, automatic, 25 jewels, 3 hands, 80-hour power reserve, antimagnetic Nivachron™ hairspring, exceeds standard test requirements from 3 to 5 positions for higher accuracy Case Matt Ivory Black 4320E high-tech ceramic case and crown, monobloc construction Titanium case back with digital printing on sapphire crystal, featuring Le Corbusier Polychromie Architectural colour strips Curved sapphire crystal with anti-reflective coating on both faces Water-resistant to 5 bar (50 metres) Dial Ivory Black 4320E high-tech ceramic Laser-engraved abstraction of a concrete surface found at the Palace of Assembly, Chandigarh, India Hands Powerful Orange 4320S lacquered hour hand Emerald Green 4320G lacquered minute hand Olive Green 4320F lacquered second hand Bracelet Ivory Black 4320E high-tech ceramic Titanium 3-fold clasp Dimensions 40.0 x 47.3 x 10.4 (W x L x H in mm) (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR

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