Category Archives: News

President Murmu Begins Historic First Visit to Moldova, Strengthening Bilateral Ties

New Delhi, July 20: President Droupadi Murmu has arrived in Moldova on a historic visit, marking the first-ever visit by an Indian President to the European nation.

The landmark visit is aimed at strengthening diplomatic relations between India and Moldova and exploring new opportunities for cooperation in areas of mutual interest. The visit reflects India’s continued efforts to expand engagement with European partners.

During the visit, discussions are expected to focus on enhancing cooperation in areas such as trade, investment, education, culture, and people-to-people connections.

The historic presidential visit is seen as an important milestone in India-Moldova relations and is expected to further deepen bilateral understanding and collaboration between the two countries.

The visit highlights India’s commitment to strengthening global partnerships and building closer ties with nations across regions.

Deep-Water Ports to Strengthen India’s Maritime Growth

New Delhi, July 20: India is stepping up efforts to develop deep-water port projects as part of a strategy to strengthen its maritime infrastructure and reduce dependence on foreign transshipment hubs.

The initiative aims to enhance India’s position in global trade by improving port capacity, increasing cargo handling efficiency, and creating stronger connectivity with international shipping routes. Deep-water ports are expected to help accommodate larger vessels and support faster movement of goods.

The development of advanced port facilities is also aligned with India’s broader efforts to boost logistics efficiency, reduce transportation costs, and improve competitiveness in international trade.

Officials and industry stakeholders have emphasized that expanding domestic maritime infrastructure will provide greater control over cargo movement and support the growth of manufacturing, exports, and supply chain networks.

The push for deep-water ports reflects India’s long-term vision of building a self-reliant and globally competitive maritime sector while strengthening its role in global commerce.

Floodwaters Disrupt Train Services in Assam as Railway Tracks Go Under Water

Guwahati, July 20: Train services in Assam have been affected after floodwaters submerged railway tracks at several locations, disrupting normal rail movement in the state.

Continuous rainfall and rising river levels have caused water accumulation over railway sections, forcing authorities to take precautionary measures to ensure passenger safety. Railway teams are monitoring the affected areas and carrying out inspections to assess the condition of the tracks.

Passengers have been advised to stay updated on train schedules and follow official travel advisories as restoration work continues. Railway authorities are taking steps to resume services safely once conditions become favourable.

The flood situation in Assam remains under close watch, with local authorities and emergency teams working to manage the impact of rising water levels and provide necessary support to affected areas.

Railway officials have stated that passenger safety remains the top priority while efforts are underway to restore normal train operations at the earliest.

Credit Growth Remains Resilient Amid Deposit Challenges

New Delhi, July 20: Bank credit growth in India is expected to remain strong despite concerns over the gap between credit expansion and deposit growth, according to a report by SBI Research.

The report highlighted that lending activity is likely to maintain momentum, supported by economic growth, improving demand across sectors, and continued financial system stability. However, the difference between loan growth and deposit mobilisation remains a key area of focus for banks.

Experts noted that strengthening deposit flows will be important to ensure sustainable credit expansion and maintain adequate liquidity within the banking system.

The banking sector continues to play a crucial role in supporting economic activity by providing credit to businesses, individuals, and various sectors of the economy.

SBI Research said ongoing trends in deposits, lending demand, and overall economic conditions will determine the future pace of credit growth in the banking sector.

India and Canada Discuss Trade Opportunities, Sustainable Growth Through CEPA Framework

New Delhi, July 20: Chief Economic Adviser V. Anantha Nageswaran held a meeting with the Canadian High Commissioner to discuss opportunities for strengthening economic cooperation between India and Canada, including areas linked to the Comprehensive Economic Partnership Agreement (CEPA).

The discussions focused on expanding bilateral trade, enhancing investment opportunities, and promoting sustainable economic growth between the two countries. Both sides highlighted the potential for deeper collaboration across key sectors through stronger economic engagement.

The meeting underscored the importance of continued dialogue and cooperation to create new avenues for businesses, improve market access, and support long-term economic development.

India and Canada have been working towards strengthening their economic partnership, with trade and investment cooperation remaining key areas of mutual interest.

The engagement reflects ongoing efforts to build stronger international partnerships and encourage sustainable growth through greater economic collaboration.

India’s Gems and Jewellery Exports Rise Over 26 pc in June, Boosting Trade Growth

New Delhi, July 20: India’s gems and jewellery exports recorded strong growth in June, rising by more than 26% compared with the previous period, reflecting increased demand from international markets and strengthening the country’s position in the global jewellery trade.

The export growth was supported by improved market conditions, steady demand for precious jewellery, and rising interest in Indian craftsmanship across global markets. The sector continues to play an important role in India’s export economy by generating employment and supporting businesses across the value chain.

Industry stakeholders said the positive trend highlights the resilience of the gems and jewellery sector despite global economic challenges. Exporters are focusing on expanding international reach, improving product quality, and adopting new designs to meet changing consumer preferences.

The growth in exports is expected to provide further momentum to the sector and create new opportunities for manufacturers, artisans, and exporters. The industry remains focused on strengthening India’s presence in global markets through innovation, sustainability, and competitive trade practices.

The latest performance underscores the significant contribution of the gems and jewellery sector to India’s economic growth and export diversification efforts.

PM Modi Highlights Youth Power and India’s Space Aspirations During Monsoon Session

New Delhi, July 20: Prime Minister Narendra Modi has called for constructive participation from all members of Parliament during the Monsoon Session, emphasizing that the experience and knowledge of senior lawmakers can play an important role in shaping the country’s future.

Pic Credit: https://x.com/narendramodi 

Addressing the nation ahead of the session, the Prime Minister highlighted the importance of meaningful debates and cooperation in Parliament. He said the experience of seasoned MPs, combined with the energy and aspirations of young India, can contribute to stronger policymaking and national development.

The Prime Minister also praised the achievements of young innovators in India’s space sector, highlighting the efforts of a 28-year-old team at Skyroot Aerospace as an example of the country’s growing technological capabilities and entrepreneurial spirit.

Referring to India’s economic performance, he said the country’s growth momentum reflects its inherent strength despite challenges arising from global uncertainties, including the West Asia crisis. He emphasized that India’s progress is being driven by resilience, innovation, and the determination of its people.

During his address, the Prime Minister said the aspirations and potential of India’s youth are limitless, comparing their ambitions to the vast possibilities of space exploration. He urged lawmakers to focus on creating opportunities that support the dreams of the next generation.

The Monsoon Session of Parliament is expected to focus on important legislative matters and discussions related to national development, with the government calling for cooperation and productive dialogue among all parties.

Odisha Student Wins Gold at International Chemistry Olympiad

Bhubaneswar, July 20 (UDN): Bhubaneswar student Debadatta Priyadarshi has won a gold medal at the 58th International Chemistry Olympiad (IChO) 2026, bringing recognition to Odisha and India at the global stage.

Held in Tashkent, Uzbekistan, the prestigious competition saw participation from students representing 93 countries. Debadatta was among four Indian students who secured gold medals, marking a historic achievement for the country with its first-ever all-gold medal performance at the International Chemistry Olympiad.

Along with Debadatta, Harshit Singla from Punjab, Kabeer Chillar from Delhi, and Sandeep Kuchi from Hyderabad also earned gold medals, helping India achieve a top position in the overall medal standings.

The achievement has been widely appreciated as a reflection of India’s growing strength in science and the exceptional talent of its young students. The success of the Indian team highlights the importance of academic excellence, innovation, and dedication in scientific fields.

Odisha Governor Dr. Kambhampati Hari Babu congratulated the young achievers, praising their accomplishment as a symbol of India’s scientific potential and the capabilities of the country’s youth.

Debadatta’s remarkable performance has brought pride to Odisha and inspired students across the state to pursue excellence in science and technology.

Students Develop Impact-Resistant Sports T-Shirt, Win National Hackathon Recognition

New Delhi, July 20: Three students have won national recognition at a hackathon for developing an innovative impact-resistant sports T-shirt aimed at improving athlete safety and comfort.

The student team created a unique sportswear solution designed to provide better protection against physical impacts while maintaining flexibility and ease of movement. The innovation focuses on addressing safety concerns in sports by combining practical design with advanced materials.

The project impressed the jury for its creativity, functionality, and potential to benefit athletes. The achievement highlights the growing role of young innovators in developing solutions that address real-world challenges through technology and design.

The national hackathon provided a platform for students to present innovative ideas across various fields, encouraging creativity, entrepreneurship, and problem-solving among the next generation of innovators.

The success of the students reflects the increasing importance of sports technology and the potential of youth-led innovations to contribute to safer and more advanced sporting environments.

NRI Inflows to Strengthen India’s Banking Sector, Deposit Growth Expected to Reach 15 pc in FY27

New Delhi, July 20: Rising inflows from Non-Resident Indians (NRIs) are expected to provide a significant boost to India’s banking sector, with deposit growth projected to accelerate to around 15% in the financial year 2026-27.

The increase in NRI deposits is likely to support banks by improving liquidity and strengthening their funding base. Higher remittances and overseas investments from the Indian diaspora are expected to contribute to the growth of deposits while supporting the country’s financial stability.

The projected rise comes at a time when banks are focusing on expanding their deposit base to meet growing credit demand from businesses, individuals, and various sectors of the economy. Strong deposit growth will help financial institutions maintain a healthy balance between lending activities and available funds.

Experts believe continued confidence among overseas Indians, along with India’s economic growth prospects, will remain key drivers of higher inflows in the coming year. The trend is expected to further strengthen the role of the Indian diaspora in supporting the country’s financial ecosystem.

The expected increase in deposits highlights the importance of NRI contributions in boosting banking sector resilience and supporting long-term economic growth.