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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
    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    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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    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
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    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
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    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
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    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.
    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.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    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.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    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.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    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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      Customs, DGFT & SEZ

      83rd Meeting of Network Planning Group (NPG) under PM GatiShakti evaluates 8 key Infrastructure projects - NPG assesses Rail and Road projects

      November 18, 2024

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      The 83rd meeting of the Network Planning Group (NPG), chaired by Additional Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Sh. Rajeev Singh Thakur, convened today to evaluate significant infrastructure projects across India. Representatives from project proponents, Bhaskaracharya National Institute for Space Applications and Geoinformatics (BISAG-N), and nodal officers from respective States participated, focusing on enhancing multimodal connectivity and logistics efficiency in alignment with the PM GatiShakti National Master Plan (PMGS NMP).

      The NPG evaluated all eight projects based on the principles of PM GatiShakti: integrated development of multimodal infrastructure, last-mile connectivity to economic and social nodes, intermodal connectivity, and synchronised project implementation. These projects are anticipated to play pivotal roles in national development by boosting logistical efficiency, reducing travel times, and delivering substantial socio-economic benefits to the regions they serve.

      Upon completion, these projects are expected to significantly contribute to India's infrastructure landscape, ensuring that the advantages of seamless connectivity extend to every region. By strengthening multimodal transport systems and addressing critical infrastructure gaps, these initiatives align with the Government's vision for integrated and sustainable development. The evaluation and anticipated impacts of these projects are detailed below:

      A. Projects of the Ministry of Railways (MoR)

      1. Wardha - Balharshah 4th Line

      This 134.52 km Brownfield project addresses critical congestion on the Delhi-Chennai High-Density Corridor passing through Wardha and Chandrapur districts in Maharashtra. The region is home to key industrial hubs, including the Chandrapur Super Thermal Power Station and Ballarpur Paper Mills, and serves coal belts operated by Western Coalfields Limited (WCL) in Chandrapur.

      The proposed 4th line, parallel to the under-construction 3rd line, would help to alleviate over 152%-line utilisation, ensuring seamless freight movement for coal, steel, and cement industries. Enhanced connectivity with Nagpur and ports on the eastern and western coasts is expected to strengthen supply chains and contribute to economic development in the Vidarbha region.

      1. Itarsi - Nagpur Quadrupling

      This Brownfield project involves the construction of a 4th rail line along the 297.05 km Itarsi-Nagpur corridor, a key segment of the High-Density Network Route. Connecting Narmada Puram, Betul, and Nagpur districts, it is anticipated to serve industrial hubs like Multi-Model International Passenger and Cargo Hub Airport at Nagpur (MIHAN), power plants at Sarni and Koradi, and emerging clusters in Pithampur.

      With oversaturation of existing lines and growing freight demands, the project, as assessed, is likely to help alleviate congestion, reduce transit times, and enhance logistics efficiency. Featuring tunnels, wildlife crossings, and improved connectivity, it is expected to align with PM GatiShakti and contribute to regional economic growth.

      1. Gondia - Balharshah Doubling

      Spanning approximately 240 km through Gondia, Bhandara, Gadchiroli, and Chandrapur districts, this doubling project is anticipated to support freight movement for key industrial regions. The route links major iron-ore mines in Kelzar and coalfields in Chandrapur, enabling smoother transport to industries in the South Central and South Eastern Railway zones. It is also expected to benefit power plants like Koradi and industries in Nagpur’s MIHAN SEZ.

      The project is likely to reduce freight congestion on the existing line, which is currently operating at 125% utilisation, by offering an alternate, shorter route for North-South freight traffic. By enhancing logistical efficiency, it is expected to strengthen connections between industrial clusters and major ports, supporting regional and national economic integration.

      1. Aluabari - New Jalpaiguri Quadrupling

      This 56.60 km quadrupling project seeks to enhance rail connectivity in North Bengal and Bihar, linking New Jalpaiguri and Aluabari Road. The corridor is anticipated to support passenger and freight movement, critical for transporting agricultural produce, cement, and industrial goods. The alignment includes robust infrastructure, such as 8 major and 91 minor bridges, designed for efficient and reliable operations in challenging terrain.

      As a gateway to neighbouring countries like Nepal, Bhutan, and Bangladesh, the project is expected to reduce travel time, boost regional trade, and promote economic integration. By addressing the increasing demand for seamless transportation, it is likely to support socio-economic development in the Northeast and improve multimodal connectivity under the PM GatiShakti framework.

      1. Ballari - Chikjajur Doubling

      The 185 km doubling project aims to connect Ballari, Chitradurga, and Anantapur districts, facilitating the movement of iron ore, coal, cement, and food grains. It is expected to support industrial hubs like Jindal Steel, which is planning to expand production to 24 MTPA, while addressing freight demands linked to southern ports. The project is anticipated to alleviate line saturation, improving efficiency in freight movement and enhancing rail capacity.

      By connecting remote areas to national infrastructure, the project is likely to promote socio-economic growth and attract investments in Karnataka and Andhra Pradesh. It is also expected to create employment during construction and operation, lower transportation costs for industries, and strengthen integration within India’s multimodal logistics network.

      1. Hosur - Omalur Doubling

      This 147 km rail line doubling project aims to connect the agro-industrial region of Hosur with the commercial hub of Salem in Tamil Nadu. The route is expected to support critical sectors such as cement manufacturing, agro-processing, and automobile logistics, while maintaining strong linkages to Bangalore’s electronics and IT corridor.

      By enhancing multimodal connectivity, the project is likely to link industrial hubs like the Salem Steel Plant, TNPL, and surrounding SEZs with Bangalore and Salem airports. It is anticipated to address capacity constraints, improve freight efficiency, support tourism, and foster broader regional economic integration.

      1. Secunderabad - Wadi Quadrupling

      The 173.18 km project aims to construct 3rd and 4th lines between Secunderabad and Wadi, a critical freight and passenger corridor in South Central India. It is expected to serve industrial hubs such as Tandur (cement), Sedam, and Nagulapalli (steel), facilitating the movement of coal, cement, and food grains. With current utilisation exceeding 114%, the project is anticipated to alleviate congestion, enhance reliability, and support freight growth for industries across Telangana and Karnataka.

      By improving connectivity to major ports and urban centers, the quadrupling is likely to reduce transit delays and accommodate future traffic demands. By easing pressure on existing infrastructure, the project aligns with PM GatiShakti principles, potentially fostering regional economic growth, enhancing passenger convenience, and supporting socio-economic development.

      B. Ministry of Road Transport and Highways (MoRTH)

      1. Imphal - Kakching - Lamkhai Road on NH-137A

      This 44.517 km road improvement project aims to connect Imphal, the state capital, with Kakching, an emerging agricultural and trade hub. Strategically located within Manipur’s Indo-Myanmar corridor, the project is expected to enhance access to the Moreh border trade point and integrate with the Asian Highway Network.

      The upgraded NH-137A is anticipated to reduce travel time, support the movement of agricultural produce, and improve connectivity to Loktak Lake, a major tourist destination. By strengthening socio-economic linkages, the project is likely to boost small-scale industries, facilitate trade, and create opportunities for cross-border commerce.

      ***

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