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The Commerce Ministry has proposed a Rs 25,000 crore plan to support small exporters in labour-intensive sectors with WTO-compliant schemes. The mission aims to improve trade finance, reduce costs, diversify markets, and strengthen India’s export competitiveness amid rising global tariffs
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Tata as one of Apple’s key partners is expected to handle nearly half of India’s iPhone output within the next two years
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The government also reported Rs 17,811 crore disbursed under the Modified Interest Subvention Scheme for crop loans
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The DGCA had sent IndiGo a show-cause notice earlier last week for training 1,700 pilots using ‘non-qualified simulators’
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Bitcoin surged to a record \$124,210 before easing slightly, driven by expectations of US Fed rate cuts, Trump administration’s pro-crypto reforms, and institutional buying. Ether also hit a multi-year high as overall crypto market capitalisation crossed $4.18 trillion
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From August 15, SBI will charge Rs 2–Rs 10 plus GST for online IMPS transfers above Rs 25,000, while smaller transactions stay free. Salary package account holders remain exempt. Branch charges are unchanged, and customers are advised to check applicable exemptions
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Move also removes restriction on Paytm Payments Services Limited from onboarding new merchants which was imposed on the company on November 25, 2022
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The RBI projects inflation at 3.1 per cent for 2025–26, with a likely uptick above 4 per cent by year-end.
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Tata Consultancy Services (TCS) has partnered with NOW Corporation’s telecom arm to develop the Philippines’ sovereign data cloud, strengthen digital infrastructure, and promote financial inclusivity, focusing on secure networks, cyber defence, healthcare, and digital banking under the Trusted Network Initiative framework
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Finance Minister Nirmala Sitharaman told Parliament there is no proposal to restore the Old Pension Scheme for central government staff under NPS. Instead, the Unified Pension Scheme offers defined retirement benefits while ensuring fiscal sustainability. Household net financial position has improved
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The RBI has proposed standardised forms and uniform procedures for settling claims related to deceased customers’ accounts and lockers within 15 days, including compensation for delays, to streamline processes and improve customer service across all banks
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Customers of metro and urban branches must maintain a minimum average balance of Rs 50,000 under the new structure — up from the earlier limit of Rs 10,000
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SEBI has proposed easing FPI norms to allow resident Indians and mutual funds greater access to foreign funds via IFSC-based schemes. The move aims to boost investment diversification, with public feedback invited until August 29
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India and Oman are close to finalising their Comprehensive Economic Partnership Agreement, with the signing expected soon. The pact, currently being translated into Arabic, will reduce tariffs, ease trade norms, and strengthen bilateral trade ties exceeding USD 10 billion annually
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Indian Railways has launched a discounted ‘Round Trip Package’ for the 2025 festive season, offering a 20 per cent rebate on return fares. The scheme applies to confirmed tickets in both directions and aims to ease festival travel congestion
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As of March 2025, Jio had around 191 million 5G users on its network contributing about 45 per cent to its wireless data traffic
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However, the promoter group firms that Reliance Industries chairman controls earn a dividend income of Rs 3,655 crore
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Paytm is now fully Indian-owned after Ant Group exited by selling its residual 5.84 per cent stake. The move marks a major shift in the company’s ownership structure, aligning with its long-standing vision of building a homegrown tech champion
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WhatsApp has rolled out a ‘Safety Overview’ feature to protect users from being added to unknown groups, as part of a broader anti-scam push. Over 6.8 million scam-linked accounts were banned, with operations disrupted across Southeast Asia
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Infosys has inaugurated a new Centre for Advanced AI, Cybersecurity, and Space Technology in Hubballi, Karnataka. Part of its global Living Labs network, the facility enhances digital innovation and pushes its local workforce beyond 1,000 employees
