it

Supreme Spirit shines




it

It’s Huntingdon vs. Siddharth in feature event




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Densetsu, Xaily, Positano, Kallu Sakkare and Power Of Beauty excel




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Knotty Legend, Mojito, El Greco and Dream Seller impress




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Lux Aeterna, Galahad, Enjoyable and My Solitaire shine




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Positano, LG’s Script, Ranquelino, Contessina, De Villiers and Mazal Tov excel




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It’s My Time excells




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India imposes anti-dumping duty on pentaerythritol imports from China, Saudi Arabia and Taiwan

Kanoria Chemicals had filed the petition seeking anti dumping probe




it

India steps up critical mineral acquisition plans in Africa, challenging China’s dominance

Race for critical minerals primarily focuses on cobalt and copper – key EV battery making metals, apart from lithium.




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Finance Minister is now final authority to grade CPSEs

Proposals for upgrade or downgrade CPSEs need no longer be referred to Cabinet Secretariat and Public Enterprises Service Board




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FAME-III scheme unlikely to extend benefits to hybrid vehicles as govt focuses on EVs, cabinet note ready

Maruti Suzuki India, Toyota and Hyundai Motor have been lobbying for tax cuts on hybrid vehicles




it

Foreign brokerages say BJP’s lower-than-expected victory to delay tough reforms but expect policy continuity

Foreign Brokerages predict fiscal consistency with a populist twist under Modi 3.0




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MoS Kirti Vardhan Singh heads to Kuwait amid fire tragedy, expects clarity upon arrival

The Indian Embassy in Kuwait has set up a helpline for family members, and Prime Minister Modi has announced an ex-gratia relief of ₹2 lakh for the families of deceased Indian nationals




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Govt approves viability gap funding for offshore wind energy projects

The outlay also includes ₹6,853 crore for installation and commissioning of 1 GW of offshore wind energy projects and a grant of ₹600 crore for upgradation of two ports to meet logistics requirements for offshore wind energy projects




it

PM Modi pledges threefold effort and results in third term; appeals for responsible Opposition

Emphasising the increased responsibility following a significant electoral victory, Modi promised to work harder and achieve greater outcomes 




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Govt hikes NDRF risk and hardship allowance by 40%: Amit Shah

Union Home Minister Amit Shah made the announcement at the Flag-in ceremony of the NDRF’s Mountaineering Expedition Vijay, emphasising the crucial role NDRF plays in national and international disaster response




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Self-declaration for advertisers limited to food, health sectors

I&B Ministry stated that advertisements issued for products related to food and health sectors will be required to upload an annual self-certificate on the Broadcast Seva Portal and Press Council of India portal.  




it

Government reconstitutes 8 Cabinet Committees

Government has reconstituted 8 Cabinet Committees with the Prime Minister heading six of them.




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Govt announces guidelines for funding testing facilities under National Green Hydrogen Mission

With a budget of ₹200 crore till FY26, the scheme aims to support the development of standards and regulatory frameworks in the Green Hydrogen sector.




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On eve of Modi’s Moscow visit, Indo-Russia JV delivers 35,000 AK-203s to Indian Army

The Indo-Russian Rifles Private Ltd, a joint venture between India and Russia, has production facility at Amethi, UP and is expected to manufacture more than 600,000 rifles as per a deal between the two sides




it

Oil Ministry announces plans for energy security fund

The Minister highlighted the importance of creating an energy security fund and exploring rare earth minerals




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Union Budget 2024-25: India slashes aid to Maldives, boosts support for Sri Lanka and Mauritius

Aid to the Maldives has been cut by 48%, reducing the grant from ₹770 crore to ₹400 crore, reflecting strained diplomatic ties following the election of pro-China President Mohamed Muizzu.




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Disaster management Bill tabled in LS; Opposition says Bill encroaches on States’ jurisdiction

Centre asserts that there is no interference in the rights of the States as disaster management is the first responsibility of the States.




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Govt issues fifth draft notification to declare Western Ghats as ecologically sensitive area

The notification aims to safeguard the region by prohibiting activities such as mining, quarrying, sand mining, and new thermal power projects, while also restricting large-scale construction projects and townships




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Nirmala Sitharaman introduces Banking Laws (Amendment) Bill in Lok Sabha

The Bill seeks to give customers an option to increase the number of nominees per bank account to four, from existing one, among others




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Entering a decade of financial inclusion: PMJDY reaches 53 crore beneficiaries and ₹2.28 lakh crore in deposits

The scheme has largely been women-centric with 29.48 crore beneficiaries while 35.27 crore of total accounts are from rural and semi-urban branches




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DPIIT may take a relook at FDI restrictions from China in policy review: Sources

No country in the world has been able to decouple with China, says Commerce Secretary




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Government partners with MicroSave to optimise Community Investment Support Fund

MicroSave has signed MoU with Rural Development Ministry on July 29




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Cabinet approves e-auction to roll out FM Radio stations in 234 new cities

The Cabinet also clears the proposal to change annual licensing fee conditions




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Paytm gets Finmin approval for downstream investment into its payment services arm 

PPSL will now resubmit application with RBI for Payment Aggregator licence



  • Money & Banking

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A dozen industrial smart cities worth ₹28,602 cr get CCEA approval

Projects to be completed by 2027, attract investment of ₹1.5 lakh crore, general 10 lakh direct jobs, says Piyush Goyal




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Govt proposes new window in NRS auctions for buying coal without end use requirement

Coal Ministry proposes new window in NRS Linkage Auction Policy for long-term coal linkages without end use restrictions




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Government may approve fresh applications for chip facilities in India

New projects could be announced in the upcoming Semicon India between September 11 and 13




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IT Dept rolls out e-dispute resolution scheme

A DRC may make modification to the variations in the specified order and decide to grant reduction/waiver of penalty and prosecution




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NFRA-ICAI tussle over key audit standard overhaul: CA Institute Council to meet on Sep 17 to discuss future strategy

ICAI to debate NFRA’s plan to overhaul audit standard SA600, fearing concentration of market in few hands




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Most powers of controversial patents chief Pandit withdrawn 

businessline was the first to report administrative head of intellectual property rights in the country, Prof Unnat P Pandit, has been indicted in a computer purchase case




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Centre Notifies NaBFID as a ‘Public Financial Institution’

NaBFID expects its total sanctions loan book to touch ₹2 lakh crore by March 2025, while disbursements are likely to be around ₹ 1 lakh crore



  • Money & Banking

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Govt brings all citizens aged 70+ under Ayushman Bharat’s ₹5 lakh health scheme

India expands Ayushman Bharat to cover 6 crore senior citizens aged 70+ with ₹5 lakh free health insurance per family, at a total cost of ₹3,437 crore




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Ayushman Bharat scheme could see addition of more geriatric care packages: Health Ministry officials

Suggestions have been sought to increase the number of geriatric care packages under the health insurance scheme




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Govt to launch another PLI scheme for speciality steel: Steel Secy

Speciality steel is an area where more needs to be done, says Steel Secretary Sandeep Poundrik




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FDI policy: Instead of overall review, govt may continue with tweaks

Focus will be on liberalising sector specific policy as and when required; improving processes




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Government schemes catapulting India to become developed nation: Amit Shah

Modi government has ended “policy paralysis” and transformed India into an economic bright spot, says Union Home Minister Amit Shah




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GoM for freeing health insurance for senior citizens, all policies up to ₹5-lakh cover from GST burden

GoM suggests rate hike on high-end wrist watches, shoes; GST on packaged water to be cut




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Family pension in case of two widows to be paid after deciding legality of second marriage

Existing rule says ‘widow’ or ‘widower’ shall mean a spouse, legally wedded to deceased government servant or pensioners.




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India to continue supporting Global South with strong forex reserves, says FM Sitharaman

At a Centre for Global Development event, Sitharaman highlighted India’s use of foreign reserves to aid distressed nations without conditions.




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Govt plans to issue ALMM for PV cells to push India's green energy transition

The 2019 ALMM order (List-I) specified models and manufacturers of solar PV modules, whereas List-II will identify and include models and manufacturers of solar PV cells




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Govt proposes 15-year PPA for FDRE projects with battery storage

The Power Ministry seeks stakeholder feedback on amendments




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India’s new biodiversity strategy aims to protect 30% of ecosystems, restore degraded habitats by 2030

This plan aligns with the global targets set by the Kunming-Montreal Global Biodiversity Framework.




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Government permits internet through Wi-Fi in air travel




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Aviation Minister proposes over 50 helicopter emergency medical units along highways

This initiative aims to enhance rapid medical assistance, particularly in remote areas, and align with global healthcare standards