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    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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    Every ₹1 invested under Kisan Credit Card– Modified Interest Subvention Scheme (KCC-MISS) contributes ₹2.30 to net value addition in the...
    India achieves near-universal banking coverage, with 99.92% of inhabited villages now served by a banking outlet
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    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.
    August 4, 2026
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    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
    Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
    August 4, 2026
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    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
    Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
    August 4, 2026
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    Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
    Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
    August 4, 2026
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    Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
    National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.
    August 3, 2026
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    Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
    Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.
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    Online Astrology Platform Regulation: consumer department reported no guidelines, while information requests required revised factual disclosures.
    Online astrology platforms were reported as lacking specific regulatory guidelines within the consumer affairs department. The RTI application sought information on alleged unfair trade practices, investigations, complaints, licences, approvals, and applicable rules. The National Consumer Helpline stated that it had not investigated because it functions as a grievance-resolution platform. A revised factual response was required on investigations and complaint data, while queries concerning regulation, licences, approvals, and related investigations were to be transferred to the public authorities likely to hold that information.
    August 3, 2026
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    Business combination disclosure outlines shareholder approval, registration requirements, financing conditions, and forward-looking risks for the proposed public listing.
    The proposed business combination would take Yellow.ai public through a definitive agreement with Bluerock Acquisition Corp., subject to customary closing conditions and shareholder approval. Bluerock intends to file a Form S-4 registration statement containing a proxy statement/prospectus for proxy solicitation and securities issuance in connection with the transaction. The communication is not an offer or solicitation and states that no securities offering may occur without compliance with applicable registration, qualification or exemption requirements. Transaction projections and anticipated benefits are forward-looking statements subject to material risks and uncertainties.
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    Bilateral investment and trade facilitation drive proposed co-investment, digital cooperation and advanced manufacturing partnerships between Indian and Uzbek businesses.
    India-Uzbekistan cooperation is proposed through co-investment, co-manufacturing and co-innovation, supported by the Bilateral Investment Treaty to promote investor confidence and reciprocal investment. Priority sectors include mining, textiles, healthcare, agriculture, food processing, digital technologies and advanced manufacturing. Trade facilitation measures include reducing trade barriers, mutual recognition of standards, approvals, testing and certification, customs digitalisation and improved trade routes. Regulators and standard-setting bodies are expected to cooperate under a structured, time-bound economic partnership.
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    Concessional agricultural credit supports working capital, crop diversification, allied activities, and digital expansion under the Kisan Credit Card scheme.
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    August 3, 2026
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    Foreign exchange market movement strengthened the rupee as lower crude prices, investment inflows and improved risk sentiment provided support.
    Foreign exchange market movement saw the rupee strengthen for a sixth consecutive trading session against the US dollar, supported by declining global crude oil prices, a softer dollar, foreign institutional investment inflows and gains in domestic equity markets. Improved global risk sentiment followed the decision to defer planned US military strikes against Iran and allow diplomatic engagement. Renewed geopolitical tensions were identified as a factor that could limit further appreciation.
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    Quarterly financial performance reflects revenue growth, improved standalone profitability, and continued investment in AI-led digital technology platforms.
    Quarterly financial performance reported revenue growth in standalone and consolidated operations, higher standalone profit before tax, and a return to consolidated profitability. The company continues to invest in an AI-led, intellectual-property-driven digital technology strategy through enterprise software, SaaS platforms, digital commerce, cloud, data and AI solutions. Its priorities include scalable platforms, proprietary technology assets, recurring-revenue offerings, partnerships and selective acquisitions. Complete financial results, notes to accounts and regulatory disclosures are available through exchange filings and the company website.
    August 3, 2026
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    MSME delayed-payment reforms strengthen award recovery, faster dispute adjudication, invoice discounting, and interim supplier payment protection.
    MSME delayed-payment reforms seek faster adjudication, strengthened recovery and improved liquidity for enterprise suppliers. Courts may direct payment of at least half of an 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 recognised as legally enforceable debts under the insolvency framework. The measures also provide graded penalties, voluntary digital registration, invoice settlement through the Trade Receivables Discounting System, and additional Facilitation Councils.
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    Monetary policy rate setting is expected to remain cautious amid global uncertainty, rising inflation risks and steady domestic growth. The inflation outlook is affected by energy-price pass-through, higher input costs, and seasonal and monsoon-related food-price pressures. Policy decisions are expected to remain data-dependent, guided primarily by domestic inflation, liquidity conditions and economic growth. A cautious or neutral stance is identified as preferable while external risks and inflation developments persist.
    August 3, 2026
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    Forward-looking financial disclosure raises revenue and earnings guidance while describing non-GAAP measures, capital allocation, and material business risks.
    Financial performance reporting identifies increased bookings, revenue growth, continuing earnings, and backlog, with segment-level operating and margin measures. The release addresses cash flow, capital allocation through dividends, acquisitions and share repurchases, and increased full-year revenue and earnings guidance. Forward-looking statements concerning financial performance, operations, demand, liquidity and capital deployment are subject to identified risks and uncertainties. Non-GAAP measures are presented as supplemental to GAAP measures, with definitions and reconciliations stated to be available in accompanying materials.
    August 3, 2026
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    Counterfeit drug enforcement targets illicit manufacture, storage and trafficking networks, with coordinated seizures and referral of non-narcotic stock.
    Counterfeit-drug enforcement under Operation Vajra addressed an inter-state network involved in the illicit manufacture, storage and distribution of narcotic drugs, psychotropic substances and spurious pharmaceutical products. Searches of unregistered godowns recovered narcotic products, unauthorisedly manufactured Buprenorphine injection ampoules, and counterfeit non-NDPS medicines. A farmhouse-based illicit manufacturing facility was dismantled, with machinery, chemicals and related materials seized under the NDPS Act, 1985.
    August 3, 2026
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    Anti-smuggling enforcement targets concealed gold, narcotics, protected products, prohibited e-cigarettes and restricted imports through coordinated intelligence operations.
    Intelligence-led anti-smuggling operations resulted in seizures of foreign-origin gold, narcotic drugs, hydroponic weed, protected wildlife and forest products, prohibited electronic cigarettes, and restricted poppy seeds and areca nuts. The operations identified concealment through fabricated baggage cavities, false cargo declarations, misdeclaration of origin, forged documentation, and concealment in transport vehicles. Poppy seeds are restricted under the Foreign Trade Policy and may be imported only subject to conditions concerning legally cultivated produce from designated countries and registration of import contracts with the Narcotics Commissioner.

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      The Swali Craft Prize Names Natasha Preenja (Princess Pea) as Its First Winner

      February 9, 2026

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      Winning work, The Lotus Headed, unveiled at India Art Fair 2026 New Delhi, February 2026 The Swali Craft Prize, founded by Karishma Swali and the Chanakya Foundation in partnership with India Art Fair, announces Natasha Preenja (Princess Pea) as its inaugural recipient.

      From over 100 entries, the international jury selected Preenja for a practice defined by conceptual depth, technical mastery, and a profound engagement with cultural heritage. The Prize is proud to present her winning work, The Lotus Headed (2026), at the India Art Fair 2026.

      Natasha Preenja is an Indian artist whose multidisciplinary practice draws on feminist thought, mythology, and traditional craft to examine gender, the body, and the politics of care. Working across painting, sculpture, performance, and collaborative processes, her practice foregrounds craft and collective making as sites of resistance, reflection, and women-led knowledge.

      Selected by the jury as the winning proposal, The Lotus Headed was realised through a close and sustained dialogue between Natasha Preenja, Karishma Swali, and the Chanakya School of Craft, as a shared exploration of mythic iconography and contemporary collective practice. The sculpture draws from the figure of Lajja Gauri, an ancient embodiment of fertility who’s grounded uttanapad (squatting) posture is intimately tied to birth, reproductive cycles, and domestic ritual, anchoring the work in bodily knowledge that precedes language while also carrying political charge as a gesture of protest, reclamation, and endurance.

      The depth of the work lies in its rigorous, multi-layered construction, beginning with thousands of individually hand-carved wooden elements from the toy-making tradition of Etikopakka, Andhra Pradesh, using native Ankudu wood (Wrightia tinctoria). In response, master artisans of Chanakya knitted and stitched these fragments into the sculpture’s surface, creating an organic, cellular texture through six strata of embroidery in jute and cotton, employing techniques such as couching and stem stitch. Anchored by a concealed steel framework, the form maintains monumentality alongside lightness and porosity. The project marks a profound meeting of two methodologies: Preenja’s sculptural investigation into maternal resilience and the Chanakya School’s interdisciplinary material practice grounded in collective authorship, where the goddess emerges as a visceral force of endurance and the transmission of knowledge as an evolving, thinking practice.

      Conceived as a platform to renew the cultural and conceptual possibilities of handcraft, the Swali Craft Prize recognizes contemporary makers whose work bridges tradition and innovation. By anchoring artistic expression in living artisanal knowledge, the prize offers a dual framework: a grant of INR 11,00,000 and a fully funded residency at the Chanakya School of Craft. This structure provides sustained access to mentorship, research, and collaborative engagement with master artisans, enabling ambitious, research-led artistic production.

      Karishma Swali, Founder & Creative Director of the Chanakya School | Creative Director Chanakya added: “The Swali Craft Prize emerged from a desire to create conditions where contemporary artistic inquiry could unfold in close conversation with living craft traditions. Natasha’s work embodies this philosophy. The Lotus Headed unfolded through dialogue, trust, and shared authorship, transforming individual intention into a collective expression. It reflects our belief that craft is not a static inheritance, but a dynamic language capable of shaping new cultural futures.” Jaya Asokan, Fair Director, India Art Fair, commented: “India Art Fair is proud to partner in a prize that foregrounds craft as a vital contemporary practice. By championing experimentation, material intelligence, and collective processes, the Swali Craft Prize creates a powerful platform for new voices and new forms, positioning India at the forefront of global craft discourse.” The inaugural jury featured a distinguished panel of experts: Mickalene Thomas, visual artist; Jasmine Wahi, curator and founder of Project for Empty Space; and Meneesha Kellay, Senior Curator, Contemporary, at the Victoria and Albert Museum; Reena Kallat, visual artist alongside Karishma Swali and Jaya Asokan, Fair Director of the India Art Fair. Together, the jury evaluated applications based on technical mastery, conceptual depth, cultural significance, and artistic innovation.

      Reflecting on the award, Natasha Preenja (Princess Pea) said: “This residency offered a rare space for deep listening, exchange, and experimentation. Working alongside the master artisans of Chanakya allowed the sculpture to evolve in ways I could not have anticipated, as wood, thread, and gesture came together to hold stories of resilience, care, and inheritance. The Lotus Headed is as much a tribute to the collective act of making as it is to the mothers who carry generations within them.” About Natasha Preenja (Princess Pea) Princess Pea (Natasha Preenja) is an Indian artist whose multidisciplinary practice explores gender identity, the body, and self-worth. Drawing from feminist literature, mythology, and traditional crafts, her work examines the politics of care, domesticity, and women-led narratives of self. Trained as a painter, she works across drawing, photography, sculpture, and performance.

      Through her alter ego Princess Pea — a figure concealed behind an anime-inspired headgear — Preenja challenges patriarchal norms and reclaims spaces of reflection and solidarity. Her collaborative and time-based projects foster intergenerational dialogue among women, positioning care and craft as acts of resistance.

      In 2008, she founded The Pea Family Studio, collaborating with artisans from Etikopakka, Andhra Pradesh, to merge ancient turn-wood techniques with contemporary form. Her recent works in marble reference Mother Earth as a keeper of time and knowledge. Preenja’s socially engaged projects include Care with Dignity (Purpose, Bihar) and Extra Time (Khoj, Goa). Her work has been exhibited at Sakshi Gallery, Exhibit320, Shrine Empire, and Art Dubai, among others, and is held in the collections of the Mead Art Museum and the Museum of Living History. She lives and works in Gurgaon, India.

      About Chanakya Foundation & Chanakya School Established in 1984 in Mumbai, Chanakya has remained steadfast in its mission to elevate and sustain the pluralistic beauty of India's rich cultural heritage. Under Karishma Swali’s leadership, Chanakya has built enduring creative partnerships with over 50 global fashion houses, celebrated artists, and craft practitioners positioning Indian handcraftsmanship within the highest echelons of contemporary visual culture. Central to its philosophy is a profound re-evaluation of the conventional hierarchies that have historically delineated the roles of artist and artisan. By fostering a renewed discourse, it challenges these long-standing distinctions, recognizing embroidery not as a decorative technique but as a medium of conceptual and material innovation.

      Recognising a compelling need to address social, economic, and environmental challenges, Karishma Swali established the Chanakya Foundation in 2015. The foundation is committed to fostering cultural sustainability and holistic advancement through education, skill development, and dedicated efforts to preserve India's rich artisanal heritage while promoting the arts. In 2016, Karishma Swali furthered this vision by founding the Chanakya School of Craft, a non-profit institution dedicated to empowering women through craft, culture, and creating a new autonomy for women.

      In 2020, she and the graduated artisans of the Chanakya School of Craft collaborated with American feminist artist Judy Chicago to create 22 monumental hand embroidered artworks, currently on display at the New Museum in New York. The following year, they partnered with French contemporary artist Eva Jospin to produce "Chambre De Soie" (Silk Room), a 40-meter immersive gallery. In 2024, the Chanakya Foundation presented the artistic collaboration between renowned Indian artists Madhvi Parekh and Manu Parekh, in partnership with Karishma Swali and the Chanakya School of Craft. This exhibition, titled 'Cosmic Garden,' was featured as a collateral event of the 60th International Art Exhibition – La Biennale di Venezia. Most recently, in 2025, Karishma Swali and the Chanakya School of Craft presented En Route at the Vatican Apostolic Library — an artistic collaboration with Maria Grazia Chiuri exploring the cultural legacy of women who challenged historical norms.

      About Karishma Swali Karishma Swali (b. 1977, Mumbai) is an artist and craft practitioner committed to preserving India’s intangible cultural heritage. Influenced by the philosophies of Rabindranath Tagore and Jiddu Krishnamurti, she leads Chanakya International and founded the Chanakya Foundation in 2015 to advance cultural sustainability and skill development. In 2016, she established the Chanakya School of Craft, a nonprofit institution dedicated to empowering women through craft and culture. The school’s holistic curriculum teaches over 300 hand-embroidery techniques and has trained more than 1,300 women. Swali’s interdisciplinary practice situates handcraftsmanship within a contemporary framework, engaging in significant collaborations with celebrated artists including Judy Chicago, Mickalene Thomas, Faith Ringgold, and Barthélémy Toguo. In 2024, she presented Cosmic Garden at La Biennale di Venezia with Indian artists Manu and Madhvi Parekh. Most recently, En Route was unveiled at the Vatican Apostolic Library (2025). Her contributions have been widely recognised on an international stage. In 2022, she received the Grazia Millennial Award for Contemporary Craftsmanship and was named to the BoF 500. In 2024, she was honoured with the Badass Art Woman Award (BAWA) for her pioneering work in education through craft, and in the same year was conferred the Chevalier de l’Ordre national du Mérite. In 2025, she received the Officier dans l’Ordre des Arts et des Lettres from the Consul General of France in Mumbai, on behalf of the French government, and was also awarded the Cavaliere dell’Ordine della Stella d’Italia by the Consul General of Italy.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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