Govt rolls out measures to ensure easy access to credit. Seven PSU Banks penalized for violating norms regarding operating the customers’ current accounts and use of funds. Expenditure on R&D by Indian companies declines to its lowest level in six years. Summer crop planting declines 6.6% due to weak start to monsoon. WhatsApp and Instagram to be rebranded. Apple stops allowing contractors to listen to Siri voice commands. Amazon allows users to opt out of human review of Alexa recordings.
Moving on to the top Business news of the day.