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    Rupee rises 22 paise to close at 94.51 against US dollar
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    MIDC's role not just selling plots, but creation of conducive environment for development: CEO
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    Marching ahead with Responsibility and Growth - Keynote Address[Contributions by RBI colleague Shri Mohammed Majidullah, General Manager] delivered by...
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    The Digital Textile Printer Revolution: How Konica Minolta NASSENGER is Preparing India for the Next Global Textile Opportunity
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    APEDA Facilitates Flag-Off of 18 MT of NPOP-Certified Ethnic Rice from Tripura for Export to Austria and the Netherlands
    VR LIVIN’s ‘THE FIRST’ Records Sale of 20 Villas Within Two Days of Launch
    IAAPI Calls for GST Rationalisation to Support Growth and Consumer Demand in India’s Amusement Industry
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September 3, 2026
Show AI Summary
FCNR(B) deposits strengthen foreign-exchange liquidity and support rupee appreciation alongside foreign portfolio inflows into government securities.
Foreign-currency inflows through FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings strengthened foreign-exchange liquidity and supported appreciation of the rupee against the US dollar. Foreign portfolio investment in government securities was linked to the abolition of withholding tax and long-term capital gains tax on such investment. Currency-market conditions were also influenced by foreign institutional equity purchases, global risk appetite, crude-oil prices and geopolitical tensions.
September 3, 2026
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Electric vehicle adoption can reduce transport import dependence while domestic battery manufacturing increases projected long-term savings.
Electric-vehicle adoption across road-transport segments is projected to reduce dependence on imported petrol and diesel, notwithstanding continuing battery imports. Accelerated electrification could reduce vehicle-related import expenditure substantially by 2050 because reduced oil imports are expected to exceed battery-import costs. Domestic cell-manufacturing capacity may further increase savings by combining rapid vehicle electrification with battery localisation.
September 3, 2026
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Women's livelihood credit access will extend beyond self-help groups through standardised loan formalities and coordinated banking support.
Women's access to credit for livelihood expansion is to extend beyond Self-Help Groups to individual women members. Loan accessibility concerns include distance from bank branches, repeated visits to complete formalities, and inconsistent banking procedures. Regular State Rural Livelihood Mission meetings, bank participation, training, helplines, process improvements and coordination with bankers are intended to reduce barriers. Loan formalities are to be standardised across banks through a uniform process involving RBI and NABARD.
September 3, 2026
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Industrial development facilitation prioritises infrastructure, services, policy utilisation, and dry-port trade connectivity for businesses and agro-based farmers.
Industrial development facilitation extends beyond allocation of industrial plots to infrastructure development, services, and a favourable business environment. Industry-support policies seek to encourage participation by entrepreneurs, promote growth across sectors, and improve investment conditions without distinction between small and large enterprises. Dry-port infrastructure strengthens national and international trade connectivity, supporting import and export expansion for industrial and agro-based businesses.
September 3, 2026
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Regulated fintech infrastructure recognition highlights integrated payment, identity and collections capabilities across embedded financial product delivery.
Decentro operates an integrated fintech infrastructure platform combining payment acceptance, identity verification, banking and AI-led collections through a unified integration layer. It holds Payment Aggregator authorisations for online and physical payments, a Payment Service Provider licence through its GIFT City entity, and certification for offline identity-verification workflows. These capabilities support embedded financial products, payment acceptance, lending collections and related financial workflows for enterprise users.
September 3, 2026
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Responsible NBFC and HFC growth requires technology-enabled inclusion, proportionate regulation, sound governance, liquidity discipline, customer protection and cyber resilience.
NBFCs and HFCs can complement bank-led credit delivery through last-mile reach, sector-specific expertise, digital infrastructure, consent-based data sharing and cash-flow-based underwriting. Sustainable growth requires strong liquidity risk management, governance, compliance culture, diversified funding, stress testing, early-warning systems, dynamic provisioning and sound underwriting standards. Proportionate scale-based regulation, digital lending standards and a substance-over-form approach seek to support innovation while preserving financial stability. Customer protection, responsible lending, grievance redressal, fair recovery conduct, cyber resilience and protection of customer data remain essential.
September 3, 2026
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Debenture trusteeship fee fixing constitutes cartelisation by constraining independent pricing and restricting service availability in the market.
Collective minimum-fee fixing for debenture trusteeship services prevented trustees from making independent commercial pricing decisions and constituted cartelisation. Prescription of a benchmark fee limited and controlled the supply or market for such services by directing association members and non-members not to serve debenture issuers below that fee. The conduct contravened Section 3(3)(a) and Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002.
September 3, 2026
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Digital textile printing enables flexible industrial production, shorter lead times, reduced screen dependency and sustainability-focused manufacturing for export markets.
Digital textile printing is presented as an industrial alternative to conventional screen printing, allowing direct production from digital design files with faster design changes, shorter lead times and flexibility across varying order quantities. Single-pass systems support high-volume production through fixed printing units and continuous fabric movement, while multipass platforms provide flexible production across natural, synthetic and specialised textiles. Digital production is associated with printing closer to demand, eliminating physical screens, reducing unnecessary production, and addressing wastewater reduction, chemical compliance, traceability and responsible manufacturing expectations.
September 3, 2026
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Economic growth and infrastructure investment were presented as supporting exports, skilled employment, connectivity, and long-term development.
Economic growth, export expansion and infrastructure investment are presented as interconnected drivers of India's development, global standing and employment opportunities. Infrastructure expenditure, railway expansion and improved transport connectivity are identified as measures intended to facilitate movement, simplify transportation, support trade and exports, and strengthen industrial and commercial activity. These measures are associated with the objective of a developed India by 2047 and enhanced employment, business and growth opportunities.
September 3, 2026
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Co-location and dark fibre settlement addressed allegations of preferential market-data access and speed advantages in trading.
SEBI's co-location and dark fibre matters involving NSE concerned allegations that certain stockbrokers obtained unfair preferential speed advantages to access market data and execute trades ahead of other investors. NSE pursued settlement applications covering both matters, and revised settlement terms increased the cumulative amount. Payments made by NSE together completed the agreed settlement amount.
September 3, 2026
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Preferential tariff treatment remains the condition for finalising the bilateral trade agreement and improving Indian export competitiveness.
Finalisation of the India-US Bilateral Trade Agreement is contingent on the United States extending preferential tariff treatment to India relative to competing supplier countries. Further negotiations are required following changes in the United States tariff environment. A comparative tariff advantage is intended to improve the price competitiveness of Indian goods in the United States market, particularly against competitors benefiting from lower duties under least-developed-country preferences or trade agreements.
September 3, 2026
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MSME secured lending equity capital, subject to regulatory approval, supports expansion without management-control change in operations.
Business Nextgen Finance Private Limited, a non-deposit taking non-banking financial company registered with the Reserve Bank of India, has raised Rs 215 crore in equity capital to expand secured credit for micro, small and medium enterprises. The transaction received prior Reserve Bank of India approval. The capital base will support secured lending scale-up, geographic expansion, technology investment and wider access to formal credit in underserved markets. The investment does not involve a change in management or day-to-day control.
September 3, 2026
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Money-laundering probes into narcotics trafficking rely on predicate police and narcotics cases and examine cross-border linkages.
Money-laundering investigation under the Prevention of Money Laundering Act involves coordinated searches in connection with multiple narcotics-trafficking matters. The investigation is founded on police and Narcotics Control Bureau FIRs and linked chargesheets concerning separate drug-trafficking allegations, including alleged trafficking in methamphetamine, marijuana and MDMA with suspected cross-border linkages.
September 3, 2026
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Conversational AI account management enables businesses to access payment information, settlement support, refunds, and payment links through WhatsApp.
RAY is a conversational AI account manager on WhatsApp that enables businesses to access payment information, support, and operational actions through messages or voice notes. It can provide payment summaries, analyse payment activity, monitor settlement status, generate payment links, and issue refunds. The AI assistant is designed to proactively identify payment-health issues, flag settlement events, recommend actions, and use merchant-specific context to support payment management without dashboard navigation.
September 3, 2026
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Portfolio management services distribution enables certified mutual fund distributors to digitally onboard and report for eligible high-net-worth clients through AssetPlus.
AssetPlus has launched Portfolio Management Services for certified Mutual Fund Distributor partners to digitally onboard, track, manage and report PMS investments for eligible high-net-worth clients. PMS distribution requires NISM Series-XXI-A certification and operates within the APRN distributor-registration framework. PMS comprises individually managed portfolios run by SEBI-registered Portfolio Managers and held in clients' demat accounts. The minimum investment is Rs. 50 lakh, and offerings are governed by the SEBI (Portfolio Managers) Regulations, 2020. The platform provides daily reconciliation of holdings, performance and valuations.
September 3, 2026
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NPOP-certified ethnic rice exports strengthen organic producer access to international markets through certification, traceability, and organised export production.
NPOP-certified ethnic rice exports from Tripura to Austria and the Netherlands connect local farmers and Farmer Producer Companies with international markets through organised, export-oriented production. The initiative emphasises certification, traceability, food safety and quality as requirements for access to markets for certified organic products. Buyer-seller linkages support export opportunities, while coordinated organic value-chain engagement strengthens certification and quality systems and supports producers in meeting international standards.
September 3, 2026
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Gated residential community launch combines smart-home villas, extensive lifestyle amenities and planned expansion into future residential developments.
VR LIVIN Ventures LLP launched 'THE FIRST', an 83-villa gated residential community in Madhavaram, North Chennai, which recorded sales of 20 villas during its first two launch days. The development includes smart-home villas and more than 50 lifestyle amenities, with access to nearby metro connectivity and social infrastructure. It forms part of the company's intended expansion of residential projects in Chennai and other South Indian locations.
September 3, 2026
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GST rationalisation for amusement park admissions could lower ticket prices, stimulate consumer demand, and support investment without input tax credit.
GST rationalisation for amusement park, water park and indoor entertainment admission tickets is sought through a flat 5% GST rate without Input Tax Credit. The proposed rate is intended to reduce ticket prices, improve affordability and increase customer demand in a capital-intensive tourism and entertainment sector. Many smaller and mid-sized operators report limited ability to offset GST liability through ITC. Lower taxation is projected to support facility expansion, revenue growth, new investment, employment and reinvestment in recreational services.
September 3, 2026
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Money laundering linked to hybrid ganja smuggling involves alleged illicit cross-border transfers and foreign-exchange violations.
Enforcement Directorate searches form part of a money-laundering investigation into alleged hybrid ganja smuggling from Thailand. A case under the Prevention of Money Laundering Act concerns suspected laundering of drug-trafficking proceeds and transfer of funds to Thailand through illegal channels. The inquiry also examines possible foreign-exchange violations and an alleged arrangement involving carriers, visas and funds for transporting narcotic substances.
September 3, 2026
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Foreign-currency deposit mobilisation supports currency appreciation while creating surplus-liquidity sterilisation pressures through deposit swaps in domestic banking markets.
Foreign-currency deposit mobilisation strengthened foreign-exchange liquidity and supported rupee appreciation. FCNR(B) deposits, together with overseas foreign-currency borrowings and external commercial borrowings, increased aggregate foreign-currency resources. Bank swaps of such deposits with the central bank may create surplus banking-system liquidity and a sterilisation challenge, while oil prices, global yields, dollar movements and foreign equity inflows remain relevant currency-market factors.

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HIGHLIGHTS

June 17, 2026

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New Delhi, Jun 17 (PTI) Following are the top stories at 1 pm: NATION DEL39 UP-AKHILESH-SPLIT (4.14 PM)

Akhilesh trashes Rajbhar's claim of split in Samajwadi Party, says it remains strong Lucknow: Dismissing Uttar Pradesh minister Om Prakash Rajbhar's claim of an impending split in the Samajwadi Party, Akhilesh Yadav on Wednesday said the party remained strong and it was the BJP which had a history of “engineering” defections through inducements and pressure.

BOM26 MH-SENA (UBT)-2NDLD RAUT (4.26 PM)

Raut alleges MPs are being offered Rs 50 crore to defect, dares Sena (UBT) dissidents to resign first Mumbai: Amid heightened speculation about an imminent split in the Shiv Sena (UBT), party leader Sanjay Raut on Wednesday alleged that some MPs from Maharashtra were being offered Rs 50 crore to switch sides, and challenged dissidents to quit.

DEL43 CONG-RAHUL-STUDENTS (4.48 PM)

Might of state being deployed to sabotage Rahul Gandhi's student convention in Kota: Cong New Delhi: The Congress on Wednesday alleged that the full might of the state is being deployed to sabotage Rahul Gandhi’s student convention in Rajasthan’s Kota because the BJP and Prime Minister Narendra Modi are anxious that their “throne is tottering”.

DEL36 SPEAKER-TMC-LD ABHISHEK (4.05 PM)

TMC split: Speaker invites Abhishek Banerjee for meeting, TMC says got no communication yet New Delhi: Lok Sabha Speaker Om Birla on Wednesday invited Trinamool Congress leader Abhishek Banerjee for a meeting on June 19 to present his case on the split in the Mamata Banerjee-led party, parliamentary sources said.

DEL33 PAR-JP-SARANGI (3.37 PM)

Stakeholders support legislation to decriminalise politics: joint committee chairperson Sarangi New Delhi: The joint committee of Parliament examining the Constitution (130th Amendment) Bill, 2025, on removal of PMs, CMs and ministers from office if they are detained for over 30 days for serious crimes has received support and suggestions on the proposed legislation and found no resistance to its intent to decriminalise politics, panel chairman and BJP MP Aparajita Sarangi said on Wednesday.

DEL45 RAHUL-TELEGRAM-LD GOVT (4.56 PM)

Drop theatrics; strike at paper leak mafia, not students: Rahul to PM Modi on Telegram curbs New Delhi: Congress leader Rahul Gandhi on Wednesday slammed the government after it temporarily restricted access to Telegram, saying the "new trick" was akin to putting a lock on the victim's house instead of catching the thief.

BOM25 GJ-INDIA EXPORTS-BHADOO (4.11 PM)

India's exports hit record USD 863 billion in FY 26 amid West Asia turmoil and US tariffs: Official Ahmedabad: Despite global trade disruptions stemming from the West Asia conflict and the imposition of US tariffs, India's exports reached a record high of USD 863 billion in Financial Year 2025-26, a senior Commerce Ministry official said on Wednesday.

DEL31 AVI-NOIDA AIRPORT-CARGO (3.21 PM)

Noida International Airport begins freight operations with arrival of first cargo flight Noida: The Noida International Airport (NIA) began freight operations with the arrival of the first cargo plane on Wednesday, two days after starting commercial passenger flights on June 15.

DEL30 DEF-LD-PRODUCTION (3.07 PM)

India's annual defence production surges to Rs 1.78 lakh cr in 2025-26 New Delhi: India's annual defence production touched an all-time high of Rs 1.78 lakh crore in the financial year 2025-26, the defence ministry said on Wednesday.

LEGAL LGD6 SC-NEET (4.06 PM)

Justice Narasimha-led bench to hear plea concerning NEET-UG in July: SC New Delhi: A bench headed by Justice P S Narasimha will hear in July a plea challenging the decision to conduct NEET-UG 2026 re-test, the Supreme Court said on Wednesday.

LGD2 DL-HC-TELEGRAM (1.39 PM)

Telegram moves Delhi HC against govt's temporary ban order New Delhi: Telegram on Wednesday moved the Delhi High Court against a government order to temporarily restrict access to the messaging app ahead of the June 21 NEET-UG 2026 re-examination.

BUSINESS DEL20 BIZ-LD-TELEGRAM-RELIANCE (1.11 PM)

Telegram's Durov alleges Reliance link to India ban push; industry source calls claim 'fake news' New Delhi: Telegram founder and CEO Pavel Durov on Wednesday alleged that Reliance may have been involved in efforts to ban the messaging platform in India and accused an affiliate of disrupting Telegram's internet access outside the country, claims that an industry source dismissed as "fake news" based on confusion between two separate Reliance group companies.

FOREIGN FGN24 PM-G7-IMPACT (4.06 PM)

PM Modi pitches for setting up global framework to boost trade and connectivity Evian-Les-Bains (France): Prime Minister Narendra Modi on Wednesday pitched for setting up a global framework to boost cooperation on connectivity and trade by combining the strengths of the G7 nations, India and the Global South countries.

FGN19 PM-TRUMP (2.17 PM)

Trade, defence likely to figure at meeting between PM Modi, President Trump Evian-les-Bains : Prime Minister Narendra Modi and US President Donald Trump will hold wide-ranging talks on Wednesday, which are expected to focus on expediting sealing of the proposed bilateral trade deal and ways to boost cooperation in defence, energy and critical minerals sectors.

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