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    August 5, 2026
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    August 5, 2026
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    August 5, 2026
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    August 5, 2026
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    August 5, 2026
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    August 5, 2026
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    August 5, 2026
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    August 5, 2026
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    August 5, 2026
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    August 5, 2026
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    August 5, 2026
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    August 5, 2026
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    August 5, 2026
    Highlights of RBI's August monetary policy
    August 5, 2026
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    August 5, 2026
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    August 5, 2026
    Sensex trades higher, Nifty flat post RBI policy
    August 5, 2026
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    August 5, 2026
    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
    August 5, 2026
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    August 5, 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
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    August 5, 2026
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Show AI Summary
    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    Show AI Summary
    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Show AI Summary
    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Show AI Summary
    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Show AI Summary
    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Show AI Summary
    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    Show AI Summary
    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Show AI Summary
    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    Show AI Summary
    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    Show AI Summary
    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    Show AI Summary
    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Show AI Summary
    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Highlights of RBI's August monetary policy
    Show AI Summary
    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Show AI Summary
    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Show AI Summary
    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
    Sensex trades higher, Nifty flat post RBI policy
    Show AI Summary
    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    Show AI Summary
    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
    Show AI Summary
    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    Show AI Summary
    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
    Show AI Summary
    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.

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      Budget

      CENTRAL PLAN OUTLAY

      February 28, 2015

      Contents
      Summary
      Note

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      CENTRAL PLAN OUTLAY

      (In crore of Rupees)

       

      2013-2014

      2014-2015

      2014-2015

      2015-2016

      Actuals

      Budget Estimates

      Revised Estimates

      Budget Estimates

      Budget Support

      340479

      236591

      189766

      260493

      Internal and Extra Budgetary Resources of Public Enterprises, etc.

      263094

      247941

      237045

      317889

      Total - Central Plan Outlay

      603573

      484532

      426811

      578382

      Central Plan Outlay by Sectors

      Agriculture and Allied Activities

      17788

      11531

      10199

      11657

      Rural Development*

      51757

      3082

      1877

      3131

      Irrigation and Flood Control

      441

      1797

      896

      772

      Energy

      182388

      166275

      154878

      167342

      Industry and Minerals

      33433

      40209

      39397

      43113

      Transport**

      103959

      116202

      106242

      193417

      Communications

      16209

      13009

      13027

      12032

      Science Technology & Environment

      13535

      18792

      14821

      19023

      General Economic Services

      26064

      26318

      17303

      20333

      Social Services***

      150736

      79411

      64284

      81003

      General Services

      7263

      7906

      3887

      26559

      GRAND TOTAL

      603573

      484532

      426811

      578382

      Central Plan Outlay by Ministries/Departments 

      Ministry of Agriculture

      14363

      10694

      8735

      10670

      Department of Agriculture and Cooperation

      10163

      5846

      5326

      5846

      Department of Agricultural Research and Education

      2451

      3715

      2500

      3691

      Department of Animal Husbandry, Dairying and Fisheries

      1749

      1133

      909

      1133

      Department of Atomic Energy

      8793

      13408

      10446

      15106

      Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH)

      554

      689

      346

      690

      Ministry of Chemicals and Fertilisers

      2006

      1002

      763

      959

      Department of Chemicals and Petrochemicals

      1158

      174

      323

      188

      Department of Fertilisers

      780

      622

      353

      561

      Department of Pharmaceuticals

      68

      207

      87

      210

      Ministry of Civil Aviation

      8117

      9474

      8300

      5361

      Ministry of Coal

      9125

      12561

      12005

      13137

      Ministry of Commerce and industry

      3047

      3126

      3235

      3690

      Department of Commerce

      1937

      1426

      1535

      1425

      Department of Industrial Policy and Promotion

      1110

      1700

      1700

      2265

      Ministry of Communications and Information Technology

      19498

      18156

      24988

      26820

      Department of Posts

      394

      800

      300

      469

      Department of Telecommunications

      16561

      13501

      21768

      22885

      Department of Electronics and Information Technology

      2543

      3856

      2920

      3466

      Ministry of Consumer Affairs, Food and Public Distribution

      1064

      710

      1000

      1001

      Department of Consumer Affairs

      180

      220

      140

      180

      Department of Food and Public Distribution

      884

      490

      861

      821

      Ministry of Corporate Affairs

      20

      24

      23

      24

      Ministry of Culture

      1378

      1835

      1500

      1455

      Ministry of Defence

      ...

      ...

      ...

      450

      Ministry of Development of North Eastern Region

      217

      536

      471

      537

      Ministry of Drinking Water and Sanitation

      11935

      231

      158

      231

      Ministry of Earth Sciences

      876

      1281

      925

      1179

      Ministry of Environment, Forests and Climate Change

      1809

      1171

      829

      995

      Ministry of External Affairs

      2750

      5100

      3900

      5336

      Ministry of Finance

      23072

      24035

      17998

      38274

      Department of Economic Affairs

      5402

      9931

      8344

      28465

      Department of Financial Services

      17667

      14100

      9650

      9805

      Department of Expenditure

      3

      4

      4

      4

      Ministry of Food Processing Industries

      527

      590

      475

      480

      Ministry of Health and Family Welfare

      24519

      7737

      6592

      7824

      Department of Health and Family Welfare

      22476

      6154

      5609

      6254

      Department of Health Research

      570

      726

      610

      713

      Department of AIDS Control

      1473

      857

      373

      857

      Ministry of Heavy Industries and Public Enterprises

      1200

      2598

      1607

      1574

      Department of Heavy Industry

      1194

      2589

      1602

      1565

      Department of Public Enterprises

      6

      9

      5

      9

      Ministry of Home Affairs

      6796

      8922

      4363

      7379

      Ministry of Housing and Urban Poverty Alleviation

      12781

      15285

      12289

      15794

      Ministry of Human Resource Development

      57610

      17672

      15254

      17672

      Department of School Education and Literacy

      43684

      2972

      2651

      2972

      Department of Higher Education

      13926

      14700

      12603

      14700

      Ministry of Information and Broadcasting

      715

      1205

      952

      1115

      Ministry of Labour and Employment

      1610

      806

      562

      758

      Ministry of Law and Justice

      936

      261

      142

      244

      Ministry of Micro, Small and Medium Enterprises

      2671

      3699

      2872

      3043

      Ministry of Mines

      1386

      2379

      1036

      2213

      Ministry of Minority Affairs

      3007

      2469

      2372

      2469

      Ministry of New and Renewable Energy

      1847

      3941

      3888

      3661

      Ministry of Overseas Indian Affairs

      ...

      20

      5

      20

      Ministry of Panchayati Raj

      467

      94

      80

      94

      Ministry of Personnel, Public Grievances and Pensions

      201

      279

      227

      260

      Ministry of Petroleum and Natural Gas

      109858

      80678

      74991

      76615

      Ministry of Planning

      1654

      2515

      1781

      2115

      Ministry of Power

      57949

      60384

      55488

      61404

      Ministry of Road Transport and Highways

      28664

      35238

      28114

      82697

      Ministry of Rural Development

      61111

      7502

      6192

      7490

      Department of Rural Development

      58623

      7440

      6185

      7440

      Department of Land Resources

      2488

      62

      8

      50

      Ministry of Science and Technology

      5100

      6725

      5495

      7289

      Department of Science and Technology

      2221

      3125

      2500

      3401

      Department of Scientific and Industrial Research

      1603

      2100

      1600

      2281

      Department of Biotechnology

      1276

      1500

      1395

      1607

      Ministry of Shipping

      4177

      4543

      2605

      4547

      Ministry of Skill Development and Entrepreneurship

      ...

      ...

      ...

      1500

      Ministry of Social Justice and Empowerment

      5418

      3295

      2219

      3295

      Department of Social Justice and Empowerment

      5418

      2734

      1844

      2735

      Department of Disability Affairs

      ...

      560

      375

      560

      Department of Space

      3998

      6000

      4500

      6000

      Ministry of Statistics and Programme Implementation

      498

      528

      309

      402

      Ministry of Steel

      14033

      15393

      13272

      13085

      Ministry of Textiles

      3131

      4326

      3069

      3523

      Ministry of Tourism

      815

      1507

      604

      1463

      Ministry of Tribal Affairs

      1674

      925

      609

      1038

      Ministry of Urban Development

      9135

      13404

      11437

      13196

      Ministry of Water Resources, River Development and Ganga Rejuvenation

      531

      3245

      2119

      1607

      Ministry of Women and Child Development

      17912

      989

      503

      989

      Ministry of Youth Affairs and Sports

      1012

      1396

      862

      1247

      Ministry of Railways

      52006

      63949

      64302

      98365

      GRAND TOTAL

      603573

      484532

      426811

      578382

      * Includes the provision for rural housing but excludes provision for rural roads.

      ** Includes the provision for rural roads.

      *** Excludes provision for rural housing.

      Topics

      ActsIncome Tax
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