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Daily Archives: July 30, 2026

MoSPI to Replace Wholesale Price Index with Producer Price Index for GDP Deflation

MoSPI to Replace Wholesale Price Index with Producer Price Index for GDP Deflation

The Ministry of Statistics and Programme Implementation (MoSPI) has announced a major reform in India’s national accounting system by replacing the Wholesale Price Index (WPI) with the Output Producer Price Index (PPI) as the GDP deflator for quarterly and annual Gross Domestic Product (GDP) estimates, wherever applicable. The move aims to improve the accuracy of …

OmniCard Introduces India’s First UPI-Based Flexi Benefits Wallet for Employee Tax Savings

OmniCard Introduces India’s First UPI-Based Flexi Benefits Wallet for Employee Tax Savings

OmniCard, a corporate spend management platform developed by Eroute Technologies Private Limited, has launched India’s first Unified Payments Interface (UPI)-based Flexi Benefits Wallet, known as the Flexi Benefits Basket. The innovative solution provides employees with a single digital wallet to manage tax-efficient employee benefits while enabling seamless UPI Scan-and-Pay transactions. Built on OmniCard’s Reserve Bank …

RBI Proposes Demat-Only Securitisation Notes, Retains ₹1 Crore Minimum Investment Limit

RBI Proposes Demat-Only Securitisation Notes, Retains ₹1 Crore Minimum Investment Limit

The Reserve Bank of India (RBI) has released draft amendments to strengthen India’s securitisation market by proposing that all Securitisation Notes (SNs) be issued, held, and transferred exclusively in dematerialised (demat) form. The move is aimed at enhancing transparency, efficiency, liquidity, and investor protection in the country’s debt and securitisation market. The central bank has …

Chhattisgarh Launches DWEEPTI Yojana for Women-Led Solar Entrepreneurship

Chhattisgarh Launches DWEEPTI Yojana for Women-Led Solar Entrepreneurship

In a landmark initiative to promote women’s empowerment, renewable energy, and rural entrepreneurship, the Chhattisgarh Government has launched the Decentralised Women Empowerment on Energy and Policy for Transformative Inclusion (DWEEPTI) Yojana in July 2026. The scheme is India’s first women-led distributed Renewable Energy (RE) policy, aimed at transforming rural Self-Help Groups (SHGs) into solar entrepreneurs. …

President Droupadi Murmu Launches New Initiatives at Rashtrapati Bhavan to Mark Four Years of Presidency

President Droupadi Murmu Launches New Initiatives at Rashtrapati Bhavan to Mark Four Years of Presidency

To commemorate the completion of four years as the President of India, President Droupadi Murmu launched a series of citizen-centric and sustainability-focused initiatives at Rashtrapati Bhavan and the President’s Estates in New Delhi. The initiatives aim to improve visitor experience, preserve India’s heritage, promote sustainability, and enhance public engagement with Rashtrapati Bhavan. President Murmu was …

DBS Becomes First Southeast Asian Bank Named ‘World’s Best Corporate Bank’ at Global Finance Awards 2026

DBS Becomes First Southeast Asian Bank Named ‘World’s Best Corporate Bank’ at Global Finance Awards 2026

DBS Bank has created history by becoming the first Southeast Asian bank to be named “World’s Best Corporate Bank” at the Global Finance Global Bank Awards 2026. The prestigious recognition marks the first time a bank from Southeast Asia has won this global title since the award category was introduced in 2005. In addition to …

Vastra Utsav 2026 Celebrates India's Textile Heritage with Handlooms, Crafts and Sustainable Fashion

Vastra Utsav 2026 Celebrates India’s Textile Heritage with Handlooms, Crafts and Sustainable Fashion

Vastra Utsav 2026, one of India’s most celebrated textile exhibitions, continues its tradition of promoting the country’s rich handloom heritage, traditional craftsmanship, and sustainable fashion. Organised by the Friends of DakshinaChitra (FoD) as a fundraiser for DakshinaChitra Museum, the exhibition brings together master weavers, artisans, designers, and craft revivalists from across India. Held near Chennai, …

Ajinkya Rahane Announces Retirement from International Cricket

Ajinkya Rahane Announces Retirement from International Cricket

Former India captain Ajinkya Rahane has announced his retirement from international cricket, bringing the curtains down on an illustrious career. Popularly known as “Jinx”, the veteran batter made the announcement through a heartfelt video message on his Instagram account, stating that the time had come to move forward after serving Indian cricket with dedication and …

India's Digital Public Infrastructure Goes Global: 24 Countries Adopt India Stack, UPI and DigiLocker

India’s Digital Public Infrastructure Goes Global: 24 Countries Adopt India Stack, UPI and DigiLocker

India’s Digital Public Infrastructure (DPI) has emerged as a global model for digital governance, financial inclusion, and public service delivery. In a significant milestone, 24 countries have partnered with India to adopt components of India Stack, including the Unified Payments Interface (UPI), DigiLocker, and other digital governance platforms. The initiative reflects India’s growing leadership in …

India's First Telecom Manufacturing Zone to Be Set Up in Gwalior

India’s First Telecom Manufacturing Zone to Be Set Up in Gwalior

In a major boost to India’s electronics and telecom manufacturing sector, India’s first Telecom Manufacturing Zone (TMZ) will be established in Gwalior, Madhya Pradesh. The project marks a significant step towards strengthening domestic telecom manufacturing, reducing import dependence, and promoting the Make in India and Aatmanirbhar Bharat initiatives. An Memorandum of Understanding (MoU) will be …