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    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
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    August 6, 2026
    Show AI Summary
    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
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    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
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    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
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    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
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    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
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    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
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    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
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    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
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    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
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    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
    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
    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.

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      Customs, DGFT & SEZ

      SEZs in Karnataka

      July 10, 2019

      Contents
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      Total 62 proposals for setting up of Special Economic Zones (SEZs)in Karnataka have been accorded formal approval under the SEZ Act, 2005.  Presently, 51 SEZs are notified, out of which 31 SEZs are operational.

      No such proposal has been received to declare areas surrounding in Chikkodi in Karnataka as a Special Economic Zone.  Setting up of SEZs is primarily private investment driven initiative.

      The details of SEZs in Karnataka aregiven below:

      List of SEZs in Karnataka

      Sl. No.

      Name of the developer

      Location

      Type of SEZ

      SEZ status

      1

      DivyasreeTechnopark

      Kundalahalli Village, KrishnarajapuramHobli, Bangalore East Taluk, District Bangalore, Karnataka

      IT/ITES enabled services

      Notified/

      Operational

      2

      Manyata Embassy Business Park

      Rachenhalli&Nagavara Village, Bangalore District, Karnataka

      IT/ITES

      Notified/

      Operational

      3

      WIPRO Limited

      Doddakannelli Village, VarthurHobli, Sarjapur Road, Bangalore, Karnataka

      IT

      Notified/

      Operational

      4

      WIPRO Limited

      Doddathogur Village, BegurHobli, Electronic City, Bangalore, Karnataka

      IT

      Notified/

      Operational

      5

      Vikas Telecom Private Limited

      Outer Ring Road, Devarabeesanhalli Village, VarthurHoblic, Bangalore East Taluk, Karnataka

      IT/ITES

      Notified/

      Operational

      6

      RMZ Ecoworld Infrastructure Pvt. Ltd.

      Devarabeesanahalli, Bhoganahalli and Doddakanahalli, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      7

      Cessna Business Park Pvt. Ltd.

      KadubeesanahalliVill, VarthurHobli, District Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      8

      Tanglin Development Ltd.

      Global Village Pattengere/ Mylasandra Villages, Off Mysore Road, RVCE Post, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      9

      Infosys Technologies Limited

      Hebbal Industrial area, District Mysore, Karnataka

      IT/ITES

      Notified/

      Operational

      10

      Information Technology Park Limited

      Sadaramangala and PattandurAgrahara Village, Whitefield Road, District Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      11

      Karnataka Industrial Area Development Board (KIADB)

      Village Perumenahally, Kokkanagatta, SumudraVally, Hamumanthapura, Taluk Hassan, Karnataka

      Textile

      Notified/

      Operational

      12

      Infosys Technologies Limited

      Hebbal Industrial area, District Mysore, Karnataka

      IT/ITES

      Notified/

      Operational

      13

      HCL Technologies Ltd.

      Jigani Industrial Area, Attibele Taluka, Bangalore, Karnataka

      IT/ ITES

      Notified/

      Operational

      14

      Pritech Park

      Bellandur Village, VarthurHobli, Bangalore East Taluk,  Bangalore Urban District, Karnataka

      IT/ITES

      Notified/

      Operational

      15

      Karnataka Industrial Area Development Board (KIADB)

      District Hassan, Karnataka

      Pharmaceuticals

      Notified/

      Operational

      16

      Aspen Infra Padubidri Private Limited (AIPPL)

      Nadasalu, Nandikooru, Polimaru and Hejamadi Villages in Udupi Taluk, Karnataka

      Engineering

      Notified/

      Operational

      17

      Karle Infra Pvt. Ltd.

      Nagavara Village, North Bangalore Taluka, Karnataka

      IT/ITES

      Notified/

      Operational

      18

      Mangalore SEZ Limited

      Baikampady Near Mangalore, Dakshina Kannada District, Karnataka

      Multi Product

      Notified/

      Operational

      19

      Bagmane Construction Pvt. Ltd

      Mahadevapura, K R Puram, Bangalore North, Karnataka

      IT/ITES

      Notified/

      Operational

      20

      Quest SEZ Development Private Limited

      Hattargi and Mastiholi villages, Hukkeri Taluk, Belgaum District, Karnataka

      Precision Engineering Product

      Notified/

      Operational

      21

      Gopalan Enterprises (India) Private Limited.

      Village Mahadevpura and Kaggadaspura, K.R. Puram, Whitefield, Bangalore, Karnataka.

      IT/ITES

      Notified/

      Operational

      22

      Milestone Buildcon Private Limited

      Village Chokkanahalli, Taluka YelahankaHobli Bangalore North, Karnataka

      IT/ITES

      Notified/

      Operational

      23

      Karnataka State Electronics Development Corporation Limited (KEONICS)

      Village Machenahalli and Nidige, District Shimoga, Karnataka

      Electronics Hardware and Software/ ITES

      Notified/

      Operational

      24

      Larsen & Toubro Limited

      KIADB Industrial Area, Taluka Hebbel-Hootagally, District Mysore, Karnataka

      IT/ITES

      Notified/

      Operational

      25

      Wipro Limited

      Kodathi village, VarthurHobli, Sarjapur Road, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      26

      Karnataka Industrial Areas Development Board (KIADB)

      Village Bhatramaranahalli. Kavadadasanahalli, Dummanahalli, Talukas Bangalore North and Devanahali, District Bangalore, Karnataka

      Aerospace and Industry

      Notified/

      Operational

      27

      Infosys Limited

      Gokul Village, within the limits of Hobli, Hubli Taluk, District Dharward, Near Airport Hubli, Karnataka

      IT/ITES

      Notified/

      Operational

      28

      Amin Properties LLP

      Pujanahalli Village, Devanahalli Taluk, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      29

      Bagmane Developers Pvt. Ltd.

      Outer Ring Road, Doddanekundi Circle, Marathalli Post, Bengaluru, Karnataka

      IT/ITES

      Notified/

      Operational

      30

      RGA Infrastructure

      Sy. No. 31/1, Chikkankannelli Village, VarthurHobli, Bangalore East Taluk, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      31

      Biocon Limited.

      Anekal Taluk, Bangalore, Karnataka

      Bio-technology

      Notified/

      Operational

      32

      Karnataka Industrial Areas Development Board (KIADB)

      Villages Pajeer and Kairangala, District Mangalore Dakshina Kannada, Karnataka.

      IT/ITES

      Notified

      33

      Ittina Properties Pvt. Ltd.

      Bagur village, AnugondanahalliHobli, Hoskote Taluk, Bangalore Rural District, Karnataka

      Electronic Hardware and Software including IT/ITES

      Notified

      34

      Gopalan Enterprises (India) Private Limited.

      Hoodi Village, K.R. Puram, Whitefield, Bangalore, Karnataka.

      IT/IT enabled services

      Notified

      35

      Opto Infrastructure Limited

      Village kallahalli, Taluka Nanjungud, District Mysore, Karnataka

      Electronic Hardware and Software including IT/ITES

      Notified

      36

      Brigade Enterprises Pvt. Ltd.

      Ganjimutt, EPIP Industrial Area, Taluka Mangalore, Dakshin Kannada District, Karnataka

      IT/ITES

      Notified

      37

      Opto Infrastructure Limited

      Village DoddaBasavanahalli and Chikkabasavanahalli, Talukas ShanthigramaHobli and Hassan, District Hassan, Karnataka

      Electronic Hardware and Software including IT/ITES

      Notified

      38

      Renaissance Designbuild Private Limited

      Plot No. 47 of Koorgally Industrial Area, Village Koorgally, HobliIlawala, Taluka Mysore, Distt. Mysore, Karnataka

      IT/ITES

      Notified

      39

      Gulf Oil Corporation Limited

      Village  Kattigenahalli and Venkatala, HobliYelahanka, District Bangalore, Karnataka

      IT/ITES

      Notified

      40

      Brooke Bond Real Estates Private Limited

      Bangalore, Karnataka

      IT/ITES/BPO/EH

      Notified

      41

      Gopalan E-Park

      Village Koorgalli, Itwala, Hobli, Mysore Taluk, Mysore District, Karnataka

      Electronic
      Hardware and Software including ITES

      Notified

      42

      Infosys Technologies Limited

      Villages Borgunte, surjapur and billapur, Taluka Anekal, District Bangalore, Karnataka

      IT/ITES

      Notified

      43

      Karnataka Industrial Areas Development Board (KIADB)

      Gamanagatti, Hubli Taluk, Dharwad District, Karnataka

      IT/ITES

      Notified

      44

      Saltire Developers Private Limited

      Outer Ring Road, Rachanahalli Village, Nagavara, Bangalore, Karnataka

      IT/ITES

      Notified

      45

      Infosys Limited

      Electronic City, Doddathogur Village, BegurHobli, Bangalore, Karnataka

      IT/ITES

      Notified

      46

      Information Technology Park Limited

      Sadarmangala Village, Sadaramangala Industrial Area,Whitefield, Bengaluru, Karnataka

      IT/ITES

      Notified

      47

      Embassy Property Developments Private Limited

      Outer Ring Road, Rachenahalli Village, Bangalore, Karnataka

      IT/ITES

      Notified

      48

      Modern Asset

      Survey No. 2/1 & 2/2, Venkatala Village, YelahankaHobli, , Bangalore, Karnataka

      IT/ITES

      Notified

      49

      Modern Asset (Phase – II)

      Survey No. 2/2, Venkatala Village, YelahankaHobli, , Bangalore, Karnataka

      IT/ITES

      Notified

      50

      L&T Construction Equipment Limited (Reality Division) SEZ-I

      Byatarayanapura Village, YelahankaHobli, Bangalaru North, Bangalaru, Karnataka

      IT/ITES

      Notified

      51

      L&T Construction Equipment Limited (Reality Division) SEZ-II

      Byatarayanapura Village, YelahankaHobli, Bangalaru North, Bangalaru, Karnataka

      IT/ITES

      Notified

      52

      Golden Gate Developers Pvt. Ltd

      JalaHobli, Bangalore, Karnataka

      IT/ ITES

      Formal Approval

      53

      Concord Investments (Bangalore)

      Bangalore, Karnataka

      IT/ITES

      Formal Approval

      54

      Bagmane Developers Pvt. Ltd.

      Raman Nagar, KR Puram, Bangalore North, Karnataka

      IT/ITES

      Formal Approval

      55

      High Street Developers Private Limited

      Srirangapatna Taluk, Mandya District, Karnataka

      IT/ITES

      Formal Approval

      56

      Gopalan Enterprises India Pvt. Ltd.

      Kundalahalli and Nallurahalli villages K.R. Puram Hobli, Bangalore, Karnataka

      Biotech

      Formal Approval

      57

      Poornimadevi Tech Park Private Limited

      Sulikere village, KengariHobli, Bangalore South Taluk, Bangalore, Karnataka

      IT/ITES

      Formal Approval

      58

      Wipro Limited

      Belagola Industrial Area, Mogarhalli village, BelagolaHobli, Srirangapatna Taluk,
      Mandya District, Mysore, Karnataka

      IT/ITES

      Formal Approval

      59

      ISPRL FTWZ Padur (Indian Strategic Petroleum Reserves Ltd.)

      Padur, Karnataka

      FTWZ

      Formal Approval

      60

      Manipal ETA Infotech Limited

      Agara and Jakkasandra village, BegurHobli, Bengaluru, Karnataka

      Electronic Hardware and Software including IT/ITES

      Formal Approval

      61

      Jubilant Infrastructure Limited

      Kallahalli village, Nanjangud
      Taluk, Mysore District, Karnataka

      Biotech (Pharma)

      Formal Approval

      62

      Oracle India Private Limited

      Kadubeesanahalli Village, VarthurHobli, Outer Ring Road, Bangalore East Taluk, Bangalore, Karnataka

      IT/ITES

      Formal Approval

      This information was given by the Minister of Commerce and Industry, PiyushGoyal, in a written reply in the Lok Sabha today.

      Topics

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