Two-Day National Conclave to Boost Inclusive Entrepreneurship and Innovation for Economic Growth by 2047
An educational institution is organizing a two-day national conclave focused on entrepreneurship, aiming to foster innovation, inclusivity, and economic growth in India by 2047. The event will gather entrepreneurs, policymakers, investors, industry experts, and academics to discuss strategies for building a socially responsive and globally competitive entrepreneurial ecosystem. The conclave serves as a platform to connect alumni with the broader entrepreneurial community, encouraging collaboration, mentorship, and investment. It highlights the institution's commitment to nurturing ventures that address national challenges while creating economic value, promoting an inclusive innovation economy. The initiative is supported by an innovation park affiliated with the institution, dedicated to advancing entrepreneurship and innovation.

Singapore Investment Firm to Invest Rs 19,200 Crore in Data Centres, Logistics, and Industrial Parks by 2030
A Singapore-based investment firm has entered into an agreement with the Maharashtra government to invest over Rs 19,200 crore by 2030 in sectors including data centres, logistics, and industrial parks in Mumbai and Pune. This investment forms part of the firm's broader strategy to expand its Indian portfolio and increase its funds under management significantly by 2028. The company has operated in Maharashtra since 2013 and has previously invested over Rs 6,800 crore across multiple assets in the region. The agreement was announced during the inauguration of the firm's first data centre in Navi Mumbai and reflects ongoing collaboration with state authorities to support the firm's growth plans.

Domestic currency gains 16 paise vs. US dollar amid low inflation and weak crude prices
The domestic currency appreciated by 16 paise against the US dollar, closing at 87.47, influenced by a weaker US dollar, declining crude oil prices, and reduced domestic inflation. Inflation data showed retail inflation at an eight-year low, supporting the currency's strength. However, uncertainties related to trade tariffs and foreign institutional investor outflows limited further gains. The central bank is tasked with maintaining inflation within a specified target range. Equity markets showed positive momentum despite significant foreign investor sell-offs. Market analysts noted that expectations of a US interest rate cut and favorable domestic economic indicators contributed to the currency's appreciation, though geopolitical events and trade tensions remain potential risks.

New Cheque Clearing Rules Cut Processing Time to Hours Starting October 2025 Under Section 12 Guidelines
The central bank will implement a new cheque clearing mechanism starting October 4, 2025, reducing the clearing time from up to two working days to a few hours. Under this system, cheques will be scanned and processed continuously during business hours from 10:00 AM to 4:00 PM. Drawee banks must provide positive or negative confirmation of cheque status by 7:00 PM during the initial phase, failing which cheques will be deemed approved for settlement. From January 3, 2026, confirmation must occur within three hours of cheque receipt. Settlements will be finalized promptly, and presenting banks must release payments within one hour of successful settlement. Banks are required to inform customers about these changes and prepare for the transition to continuous clearing and settlement on realization to enhance efficiency and reduce settlement risk.

External Affairs Minister to Discuss Energy, Trade, and Ukraine Conflict During Russia Visit
An external affairs minister is scheduled to visit Russia for high-level discussions with Russian officials, including the foreign minister and president, amid tensions with the United States over the country's continued purchase of discounted Russian crude oil. The visit aims to finalize arrangements for a forthcoming Russian presidential visit and to co-chair an intergovernmental commission on trade, economic, scientific, technological, and cultural cooperation. The talks will address bilateral relations, energy procurement, and the ongoing Ukraine conflict, with the visiting minister emphasizing the need for dialogue and diplomacy to resolve the war. The United States recently imposed additional tariffs on the country's goods as a penalty for its oil purchases from Russia, which have significantly increased since sanctions were imposed on Moscow following its invasion of Ukraine. The country maintains its energy decisions are driven by national interest and market factors.

Horticulture Department Requires Geo-Tagging Under MIDH Scheme for Transparency and Subsidy Release
The horticulture department mandated the use of geo-tagging and geo-fencing for all components of the Mission for Integrated Development of Horticulture (MIDH) schemes, requiring officials to upload data timely and create user IDs at all levels. Subsidies will not be released without compliance. The directive aims to enhance transparency, prevent duplication of beneficiaries, and enable real-time monitoring through the Krishi Mapper application, a government-developed digital platform. Officials must be trained on the application to ensure effective implementation. The platform will maintain a centralized digital database of horticulture activities and plans to integrate with other portals and expand features, including offline data entry. Non-compliance may result in the stoppage of government funds.

Delhi extends CM SHRI Admission Test deadline to Aug 22; test rescheduled to Sept 6 under NEP 2020 and NCF 2023
The Delhi government extended the deadline for submitting online applications for the CM SHRI Admission Test 2025 for classes 6 to 8 to August 22, revising the test date to September 6. This initiative aims to establish CM SHRI Schools modeled after the PM SHRI Schools, following the National Education Policy 2020 and implementing the National Curriculum Framework 2023. These schools will feature advanced technology such as AI-enabled libraries, AR/VR smart classrooms, biometric attendance, and robotics labs. Additionally, the Delhi Board of School Education is being phased out, with affiliated schools transitioning to the Central Board of Secondary Education. The government allocated Rs 100 crore for this project in the recent budget to support the operationalization of these future-ready government schools.

Legislators Form Assembly Body to Boost MSMEs and Drive Economic Growth Through Section 12 Powers
A group of legislators representing 20 industrial centers in Uttar Pradesh has formed an assembly-level body to support micro, small, and medium enterprises (MSMEs) and promote economic growth. Modeled after a similar parliamentary group at the national level, this new group aims to leverage legislative powers to address systemic issues faced by MSMEs. The group seeks to facilitate cooperation between political leadership and MSMEs to overcome institutional inertia and promote formalization and expansion of small businesses. A national MSME federation will provide secretariat support to the group, replicating its role at the central level. The initiative reflects a political commitment to using legislative mechanisms to resolve longstanding challenges confronting MSMEs and enhance the state's economic development.

REITs Distribute Rs 1,559 Crore in Q1 FY 2025-26, Marking 13% Yearly Growth in Returns
Four publicly listed real estate investment trusts collectively distributed Rs 1,559 crore to over 270,000 unit holders in the first quarter of fiscal year 2025-26, representing a 13% increase from the previous year. These trusts manage more than 129 million square feet of Grade A office and retail space and have cumulatively paid out over Rs 24,300 crore since inception. Their combined market capitalization exceeded Rs 1 lakh crore as of July 30, 2025, with total assets under management reaching approximately Rs 1.63 lakh crore by the end of the previous fiscal year. The Indian REITs Association, supported by regulatory authorities, recognizes these trusts as founding members, highlighting the sector's continued growth and commitment to providing stable cash flows to investors.

Supreme Court Upholds Election Commission's Power for Special Intensive Revision Under Section 21(3) of RP Act
The Supreme Court upheld the Election Commission's authority to conduct a special intensive revision (SIR) of electoral rolls in Bihar, rejecting claims that the exercise lacked legal basis. The court emphasized that electoral rolls cannot remain static and must be revised to remove names of deceased or migrated voters. It cited Section 21(3) of the Representation of the Peoples Act, granting the Election Commission discretion to direct special revisions as deemed necessary. The court recognized the Commission's residual constitutional power under Article 324 and noted that the addition of the term "intensive" did not alter the legal framework. Challenges raised about exclusionary practices, including non-acceptance of Aadhaar and removal of online search features, were addressed, with the court observing that increased document requirements could be inclusionary. The court affirmed the Commission's role in managing electoral roll inclusions and exclusions and allowed the revision process to continue.

Nearly 4,900 Residents Pledge Organ Donation in 10 Days Using Digital Registration Methods
Nearly 4,900 residents of a district in Maharashtra have pledged to donate their organs within ten days as part of a government campaign promoting organ donation. The local health authorities have streamlined the registration process by enabling online pledges through QR code scanning or a dedicated website, requiring identification via Aadhaar or a linked mobile number. Upon completing the pledge, participants can download a certificate. The campaign runs from early to mid-August, aiming to increase public participation in organ donation through simplified digital procedures.

Industry Summit Highlights AI, Hybrid Workplaces, and Next-Gen Audiovisual Tech with Expert Training and Networking
A major industry summit in India will focus on emerging technologies such as artificial intelligence, hybrid workplaces, and next-generation audiovisual solutions. The event will feature expert-led sessions, workshops, and panel discussions addressing AI integration, cybersecurity, digital signage, and immersive experiences across sectors including enterprise, education, government, and media. Collaborations with industry associations and government bodies aim to address sector-specific challenges. A notable component includes the first in-person certification training for audiovisual professionals in India, enhancing workforce skills. The summit offers opportunities for networking, practical training, and strategic insights to prepare professionals for the evolving digital landscape. Attendance is free for registered visitors, with fees applicable to select training courses.

NFRA and IICA Launch Certification Course for Audit Committee Members and Independent Directors to Boost Governance
The National Financial Reporting Authority and the Indian Institute of Corporate Affairs launched a second four-month certification course for audit committee members and independent directors, following a Memorandum of Understanding signed in October 2024. The program aims to enhance corporate governance by providing specialized knowledge and practical skills in financial statement analysis, risk management, corporate governance, and regulatory compliance. The course includes an optional module for non-finance professionals and a mandatory module covering internal controls, audits, fraud risk management, ESG, and sustainability reporting. This initiative supports NFRA's mandate to promote awareness of accounting and auditing standards and improve audit quality through education and training. The program reflects a commitment to transparency, accountability, and long-term sustainability in corporate operations.

Seven Infrastructure Projects Approved to Boost Connectivity and Support Industries Under PM MITRA Scheme
The Network Planning Group reviewed seven infrastructure projects across railways, roads, logistics, and textiles for compliance with integrated multimodal connectivity and government coordination principles. Railway projects include additional lines in Bihar, Tamil Nadu, and between Chhattisgarh and Maharashtra to enhance freight and passenger capacity, benefiting industrial sectors and regional development. The road project involves widening a highway in Madhya Pradesh to improve freight movement for cement and coal industries. A Multi-Modal Logistics Park in Telangana is planned to increase cargo handling capacity and connectivity to major freight corridors. Two textile parks under the PM MITRA scheme in Madhya Pradesh and Tamil Nadu aim to support the full textile value chain, boost employment, and enhance global competitiveness. The projects collectively seek to improve logistics efficiency, reduce travel times, and promote socio-economic growth in their respective regions.

Over 15 Million Pledges to End Rote Learning and Promote Critical Thinking in Schools Nationwide
A nationwide educational initiative led by a prominent learning systems company has secured over 15 million pledges to end the practice of rote learning in schools across India. The movement aims to align with national education policy goals by promoting deep conceptual understanding and critical thinking skills among students. It addresses longstanding concerns that rote memorization hampers student preparedness for modern careers, particularly in smaller towns and cities. The organization behind the campaign operates in thousands of schools and serves millions of students and teachers, emphasizing research-based curricula and technology to improve educational outcomes. The campaign invites broad participation from educators, policymakers, parents, and students to support a shift toward meaningful learning and skill development.

Private University Business School Appoints New Director to Lead MBA Program with Focus on Tech and Entrepreneurship
A private university's business school appointed a new director with extensive academic leadership experience, including prior directorship at a premier management institute. The appointee, an expert in organizational behavior and knowledge management, will oversee the flagship accredited MBA program featuring specializations in emerging business technologies and entrepreneurship. The university highlighted the director's proven track record in academic and industry collaborations, emphasizing her role in advancing the institution's mission to blend academic rigor with practical relevance. The appointment aims to strengthen the school's position in developing global business leaders equipped to address rapid technological and market changes.

Deemed University Hosts 2025 Freshers' Ceremony Emphasizing Skills, Discipline, and Holistic Education
A deemed university in Chennai held its 2025 Freshers' Inauguration Ceremony attended by over 12,000 students and parents. The event featured a keynote address by a prominent media personality who emphasized accountability, adaptability, and communication skills for student success. University leadership highlighted the importance of utilizing advanced facilities, balancing academics with extracurricular activities, and maintaining discipline. They also stressed holistic education, industry-relevant programs, career training, and parental involvement in student development. The institution offers over 100 recognized programs across various disciplines and holds multiple accreditations, including NAAC A++ and NBA, with strong placement records and national rankings. The ceremony concluded with a community lunch, reinforcing the university's commitment to fostering a supportive academic environment.

Tech Firm Reports Q1 Loss Amid EV Market Growth, Plans New Plant Launch by October 2025
A technology company specializing in electric vehicle charging and critical power solutions reported a consolidated revenue of INR 205.3 crore and an EBITDA margin of -18.8% for Q1 FY26, with an adjusted loss after tax of INR 71.1 crore, while its standalone adjusted profit after tax was INR 1.1 crore. Despite a subdued quarter, the company holds a robust order book exceeding INR 1,500 crore entering Q2. The company highlighted growth in the electric vehicle market, expansion in Southeast Asia, and progress in strategic investments, including a global subsidiary focused on EV chargers. Delays in critical power projects impacted revenue, but key projects have now commenced. The company anticipates improved performance from Q2 onwards, supported by industry tailwinds, new product launches, and operational momentum, with plans to commence operations at a new manufacturing plant by October 2025.

Global Firm Commits to Creating One Million Impact-Sourcing Jobs by 2030 for Inclusive Hiring
A global customer experience solutions provider has joined a multinational initiative aimed at creating one million impact-sourcing jobs by 2030 to promote inclusive hiring for marginalized communities. As part of this commitment, the company pledges to expand employment and upskilling efforts for underrepresented groups, including women, youth, persons with disabilities, and underserved populations across regions such as India, Africa, and Latin America. The initiative involves collaboration with over 50 organizations worldwide to scale inclusive employment practices. The company integrates impact sourcing into its talent strategy, combining human empathy with digital innovation to enhance customer experience outcomes while fostering economic opportunities and long-term career development for disadvantaged individuals.