Business & Economics

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Modi Launches ‘Sapta Dhara’ Seven-Stream Blueprint for Viksit Bharat 2047

On 15 Aug 2026, India’s 80th Independence Day, Prime Minister Narendra Modi formally rolled out the “Sapta Dhara” framework—seven sectoral thrusts coupled with time-bound targets such as AI-skilling 10 million youth in one year, installing 100 GW nuclear capacity by 2047, and placing 50 Indian firms in the Fortune 500—to serve as the government’s master plan for turning India into a developed nation by its centenary.

Markets Triple Odds of September BOJ Hike as Yen Slides Back Toward ¥160

After the yen erased roughly half of July-August intervention gains and sank to ¥159.3 per dollar this week, traders boosted implied odds of a September Bank of Japan rate hike from about 24% to over 75%, betting policy tightening—not more dollar-selling—will be required to stabilise the currency.

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