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    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
    India's Market Opportunity is Growing, and the Trade is Taking Notice
    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
    Currently nine trade disputes pending against India under WTO rules: Govt
    MNLU Mumbai Launches MBA in Entrepreneurship & Digital Business Law
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    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
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    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
    Show AI Summary
    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
    August 4, 2026
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
    Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
    August 4, 2026
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    WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
    Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
    August 4, 2026
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    Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
    The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.

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      'Won't apologise', Trump says after his racist post about Obamas is deleted after backlash

      February 7, 2026

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      Washington, Feb 7 (AP) US President Donald Trump's racist social media post featuring former President Barack Obama and his wife, Michelle Obama, as primates in a jungle was deleted Friday after a backlash from both Republicans and Democrats who criticised the video as offensive.

      Trump said later on Friday that he won't apologise for the post. "I didn't make a mistake," he said.

      The Republican president's Thursday night post was blamed on a staffer after widespread backlash, from civil rights leaders to veteran Republican senators, for its treatment of the nation's first Black president and first lady. A rare admission of a misstep by the White House, the deletion came hours after press secretary Karoline Leavitt dismissed "fake outrage" over the post. After calls for its removal -- including by Republicans -- the White House said a staffer had posted the video erroneously.

      The post was part of a flurry of overnight activity on Trump's Truth Social account that amplified his false claims that the 2020 election was stolen from him, despite courts around the country and Trump's first-term attorney general finding no evidence of systemic fraud.

      Trump has a record of intensely personal criticism of the Obamas and of using incendiary, sometimes racist, rhetoric -- from feeding the lie that Obama was not a native-born US citizen to crude generalisations about majority-Black countries.

      The post came in the first week of Black History Month and days after a Trump proclamation cited "the contributions of black Americans to our national greatness" and "the American principles of liberty, justice, and equality." An Obama spokeswoman said the former president, a Democrat, had no response.

      An internet meme -------------------- Nearly all of the 62-second clip appears to be from a conservative video alleging deliberate tampering with voting machines in battleground states as 2020 votes were tallied. At the 60-second mark is a quick scene of two jungle primates, with the Obamas' smiling faces imposed on them.

      Those frames originated from a separate video, previously circulated by an influential conservative meme maker. It shows Trump as "King of the Jungle" and depicts Democratic leaders as animals, including Joe Biden, who is white, as a jungle primate eating a banana.

      "This is from an internet meme video depicting President Trump as the King of the Jungle and Democrats as characters from the Lion King," Leavitt said by text.

      Disney's 1994 feature film that Leavitt referenced is set on the savannah, not in the jungle, and it does not include great apes.

      "Please stop the fake outrage and report on something today that actually matters to the American public," Leavitt added.

      By noon, the post had been taken down, with responsibility placed on a Trump subordinate.

      The White House explanation raises questions about control of Trump's social media account, which he's used to levy import taxes, threaten military action, make other announcements and intimidate political rivals. The president often signs his name or initials after policy posts.

      The White House did not immediately respond to an inquiry about how posts are vetted and when the public can know when Trump himself is posting.

      Mark Burns, a pastor and a prominent Trump supporter who is Black, said Friday on X that he'd spoken "directly" with Trump and that he recommended to the president that he fire the staffer who posted the video and publicly condemn what happened.

      "He knows this is wrong, offensive, and unacceptable," Burns posted.

      Congressional Black Caucus Chairwoman Yvette Clarke, D-NY, told The AP she does "not buy the White House's commentary." "If there wasn't a climate, a toxic and racist climate within the White House, we wouldn't see this type of behaviour regardless of who it's coming from," Clarke said, adding that Trump "is a racist, he's a bigot, and he will continue to do things in his presidency to make that known." Condemnation across the political spectrum ------------------------------------------------ Trump and White House social media accounts frequently repost memes and artificial intelligence-generated videos. As Leavitt did Friday, Trump allies typically cast them as humorous.

      This time, condemnations flowed from across the spectrum -- along with demands for an apology that had not come by late afternoon.

      At a Black History Month market in Harlem, the historically Black neighbourhood in New York City, vendor Jacklyn Monk said Trump's post was embarrassing even if it was eventually deleted. "The guy needs help. I'm sorry he's representing our country. ... It's horrible that it was this month, but it would be horrible if it was in March also." In Atlanta, Rev Bernice King, daughter of the assassinated civil rights icon Martin Luther King Jr, resurfaced her father's words, "Yes. I'm Black. I'm proud of it. I'm Black and beautiful." Black Americans, she said, "are beloved of God as postal workers and professors, as a former first lady and president. We are not apes." The US Senate's lone Black Republican, Tim Scott of South Carolina, called on Trump to take down the post. "Praying it was fake because it's the most racist thing I've seen out of this White House," said Scott, who chairs Senate Republicans' midterm campaign arm.

      Another Republican, Sen Roger Wicker of Mississippi, is white but represents the state with the largest percentage of Black residents. Wicker called the post "totally unacceptable" and said the president should apologise.

      Some Republicans who face tough re-elections this November voiced concerns, as well. The result was an unusual cascade of intra-party criticism for a president who has enjoyed a stranglehold over fellow Republicans who stayed silent during previous Trump's controversies for fear of a public spat with the president or losing his endorsement in a future campaign.

      NAACP President Derrick Johnson called the video "utterly despicable" and pointed to Trump's wider political concerns that could help explain Republicans' willingness to speak out. Johnson asserted that Trump is trying anything to distract from economic conditions and attention on the Jeffrey Epstein case files.

      "You know who isn't in the Epstein files? Barack Obama," he said. "You know who actually improved the economy as president? Barack Obama." A long history of racism -------------------------- There is a long history in the US of powerful white figures associating Black people with animals, including apes, in demonstrably false, racist ways. The practice dates to 18th century cultural racism and pseudo-scientific theories used to justify the enslavement of Black people, and later to dehumanise freed Black people as uncivilised threats to white people.

      Thomas Jefferson, author of the Declaration of Independence, wrote in his famous text "Notes on the State of Virginia" that Black women were the preferred sexual partners of orangutans. President Dwight Eisenhower, discussing school desegregation in the 1950s, suggested white parents were rightfully concerned about their daughters being in classrooms with "big Black bucks." Obama, as a candidate and president, was featured as a monkey or other primates on T-shirts and other merchandise.

      In his 2024 campaign, Trump said immigrants were "poisoning the blood of our country," language similar to what Adolf Hitler used to dehumanise Jews in Nazi Germany.

      During his first White House term, Trump called a swath of majority-Black, developing nations "shithole countries." He initially denied saying it but admitted in December 2025 that he did.

      When Obama was in the White House, Trump pushed false claims that the 44th president, who was born in Hawaii, was born in Kenya and constitutionally ineligible to serve. Trump, in interviews that helped endear him to conservatives, demanded that Obama prove he was a "natural-born citizen" as required to become president.

      Obama eventually released birth records, and Trump finally acknowledged during his 2016 campaign, after having won the Republican nomination, that Obama was born in Hawaii. But immediately after, he said, falsely, that his Democratic rival Hillary Clinton started the birtherism attacks. (AP) RUK RUK

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