Setback for Indian mango exports! Why Japan has stopped imports of Kesar, Alphonso, Langra & other varieties from India

Exports of mangoes to Japan require a phytosanitary certificate issued by the Directorate of Plant Protection, Quarantine & Storage in Faridabad. (AI image) In a big setback for Indian mango exports, Japan has reportedly stopped importing fresh mangoes from India for the current season. The move has effectively disrupted shipments of Indian mango varieties widely…

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Banks are lenient with big borrowers, harsh with common people: Supreme Court slams SBI while refusing relief to defaulting company

After hearing both sides, the Supreme Court made it clear that it was not impressed by the conduct of the borrowers. (AI image) In a significant order dealing with recovery proceedings under the SARFAESI Act, the Supreme Court of India refused to interfere with action initiated by the State Bank of India against a company…

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Rich families cut US dollar exposure as geopolitical tensions reshape investment strategy: UBS report

The world’s wealthiest families are reassessing their dependence on the US dollar amid rising geopolitical tensions and growing concerns over sovereign debt, Reuters reported citing UBS’s Global Family Office Report 2026.The survey by the Swiss bank found that nearly two-thirds of family offices expect confidence in the US dollar as a global reserve currency to…

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Cabinet okays Rs 25k crore scheme to modernise PDS scheme

NEW DELHI: Cabinet Wednesday approved the Rs 25,530 crore Sarthak Public Distribution System (PDS) scheme, aimed at modernising the country’s food distribution network, which currently supports nearly 80 crore beneficiaries.I&B minister Ashwini Vaishnaw said the initiative would provide assistance to state agencies for intra-state movement of food grains, while also modernising and strengthening PDS network…

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SBI chief flags inflation, growth worries

MUMBAI: State Bank of India chairman Challa Sreenivasulu Setty has warned that the ongoing conflict in the Gulf region could weigh on growth and rekindle inflationary pressures, even as India’s macroeconomic fundamentals remain resilient.In his message to shareholders in the bank’s annual report, Setty said: “The financial year gone by unfolded against a backdrop of…

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