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    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
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    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
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    Rupee falls 3 paise to close at 95.40 against US dollar
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    August 5, 2026
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    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
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    August 5, 2026
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
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    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
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    August 4, 2026
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    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
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    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
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    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.

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      Union Finance Minister Smt. Nirmala Sitharaman virtually witnesse destruction of drugs held at 6 sites

      June 9, 2022

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      Union Finance Minister Smt. Nirmala Sitharaman virtually witnesse destruction of drugs held at 6 sites

      44,000 kg narcotics destroyed at 14 locations across country in safe and non-hazardous manner

      Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman virtually witnessed the destruction of drugs held at 6 sites - Kutch in Gujarat, Mumbai and Pune in Maharashtra, Virudhunagar in Tamilnadu, Patna in Bihar and Siliguri in West Bengal.

      As part of the Iconic week of AKAM celebrations of the Ministry of Finance, CBIC conducted a drug destruction day virtually.  A total of around 44,000 kg narcotics were destroyed at 14 locations across the country in a safe and non-hazardous manner through the incineration approved by the State Pollution Control Boards.

      The Union Finance Minister interacted with the officers of Customs, and Directorate of Revenue Intelligence (DRI) present on the destruction sites who narrated the details of seizures and the process of doing destruction. Smt. Sitharaman appreciated the efforts made by the officers of Customs and DRI and congratulated them.

      CBIC and its field formation conducted a week-long destruction of seized/confiscated narcotics from 06.12.2021 to 12.12.2021 and around 36 metric tonnes (MT) of narcotics were destroyed as part of the Iconic week of AKAM celebrations of the Ministry of Finance.

      Destruction was also witnessed by Shri Nilesh Gadhvi, a renowned and celebrated folk artist and singer from Kutch at Mundra; Dr. Yusuf Merchant, NGO, Drug Abuse Information Rehabilitation & Research Centre (DAIRRC), Mumbai; Shri Abhayananad, Ex-DGP of Bihar and founder of Super 30, a free tutorial to coach under-privileged youngsters at Patna; Smt. Chinna Pillai, Padma Shri awardee, a community leader known for contributing in poverty alleviation and women empowerment at Virudhnagar, Tamil Nadu; Dr. Mukta Putambekar, a Clinical Psychologist and Director of Muktangan Rehabilitation Centre at Pune; Shri Karimul Haque, Padma Shri awardee, also locally known as Bike-Ambulance Dada helping sick people at Siliguri.  Union Finance Minister also interacted with these renowned personalities.

      Illicit drug trade is a growing menace in today’s world. India’s geographical proximity to the major opiate cultivation region has traditionally made India both as a destination and transit route for opiates produced in the region. The money raised through such illegal trade is getting diverted into terror related activities, of which India is a victim.

      As a responsible member of the international community India has been very active in global efforts to tackle drug menace. India is a party to United Nations conventions on drugs. For giving effects to such treaties Indian parliament enacted the Narcotics Drugs and Psychotropic Substances (NDPS) Act, 1985.

      The Indian Customs, in addition to its primary function of revenue collection also actively takes preventive action against smuggling of contraband and narcotic drugs. Customs officers collect intelligence information from various sources to interdict any incident of smuggling of narcotic drugs through air/sea/land, under the Narcotic Drugs and Psychotropic Substances Act 1985.

      The emerging trend of use of containers for the smuggling of large quantity of narcotics is worrying. The content of such containers is mis-declared by the traffickers to evade suspicion. DRI had made large quantity of drug seizures from containers across the country in the past few months. The major cases during the year 2021 included the seizure of around 3000 kg heroin from Mundra port, 300 kg heroin from Nhava Sheva and 300 kg of cocaine from Tuticorin.  

      It is pertinent to mention that 3,000 kg of heroin which was seized in September 2021 is the highest ever seizure of heroin and 300 kg seizure of cocaine made in April 2021 is the highest ever seizure of cocaine in the country. 

      And during the year 2022 the DRI seized 52 kg of Cocaine at Mundra Port, 205 kg of Heroin from Kandla Port and 396 kg of Heroin at Pipavav Port.

      The seizures made by Indian Customs also revealed that courier and postal cargo have emerged as the most favourite modes of drugs smuggling. The ingenious concealment of drugs by the traffickers poses a major challenge. Further, the use of internet and cryptocurrencies make the tracking of financial trail extremely difficult.

      The long land border in the North Eastern region poses another major challenge and this region witnesses smuggling of synthetic drugs in large quantities.

      A large number of cases under NDPS Act are booked across the country over the past few years. Ganja contributes to the largest number of such narcotics cases booked. Other major seizures are in respect of heroin, hashish, cocaine, methamphetamine tablets, mephedrone, pseudo ephedrine, brown sugar etc.

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