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    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    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
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    August 6, 2026
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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    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.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    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
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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.

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      Bengaluru Overtakes Chennai and Emerges as India's Best City for Working Women in 2024 in the 'Top Cities for Women in India' Survey Conducted by the Avtar Group

      January 8, 2025

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      Bengaluru, Karnataka, India (NewsVoir) • Bengaluru, Chennai, Mumbai, Hyderabad and Pune bag the top five positions.

      • South India emerges as the most gender-inclusive region, with 16 South Indian cities featuring in the Top 25 Avtar group, India’s pioneer in Diversity, Equity, and Inclusion (DEI) solutions and India’s leading workplace culture consulting firm, announced the third edition of ‘Top Cities for Women in India (TCWI)’ index today. Karnataka's State Capital Bengaluru, reigns supreme by topping the ranking for being the most inclusive, safe, resilient and sustainable cities for working women. Bengaluru has scored high in skilling and employment for women, infrastructure and caregiving support.

      Speaking at the press conference, Dr Saundarya Rajesh, Founder-President, Avtar group said, “Cities are the foundations of opportunity. They shape how women live, work, and thrive. So, a clear understanding of the core principles and cultural fabric of our cities is crucial for advancing women’s progress and inclusion. Avtar’s annual index ‘Top Cities for Women in India” does precisely that, using a data-centric and evidence-based approach. And, to realize our dream of a Viksit Bharat by 2047, we need the Indian Women Professionals to succeed on par with men. This is possible only if cities are truly gender-inclusive and offer an atmosphere where women’s strengths can be optimized. This means not just providing safe streets, accessible healthcare & education and affordable living to women, which are largely reparatory measures, but also competitive avenues for women’s economic success and opportunities for them to thrive as business leaders. Let’s invest in women-led projects and optimize women’s lives and careers.” About TCWI index Top Cities for Women in India (TCWI) index identifies role model cities and best practices, and provides a framework for organizations, policymakers and individuals to foster well-rounded development in our cities, which is a pivotal driver of women’s progress nationwide. The index has been compiled by assimilating various data sources including the Centre for Monitoring the Indian Economy (CMIE), the World Bank, crime records and Periodic Labour Force Survey, along with Avtar’s primary research. Avtar’s research included FGDs and a nation-wide survey that was conducted from February 2024 to November 2024 in which 1672 women from 60 cities participated.

      The Top 10 Cities for Women in 2024 include: Bengaluru, Chennai, Mumbai, Hyderabad, Pune, Kolkata, Ahmedabad, Delhi, Gurugram, Coimbatore.

      Criteria for selecting the top 10 cities for Indian women in 2024 120 cities across India were considered for the study, based on their economic contribution to the country. The cities were ranked based on an overall ‘City Inclusion Score’ assigned to every city, inferred from Avtar’s research and existing governmental data. The City Inclusion Score (CIS) is derived from three pillars - Social Inclusion Score (SIS), Industrial Inclusion Score (IIS) and Citizen Experience Score (CES).

      • The Social Inclusion Score is a cumulative score of four indicators that include city livability, safety, women’s representation in employment and women’s empowerment.

      • The Industrial Inclusion Score evaluates the extent to which organizations in the city across industries are inclusive of women.

      • The Citizen Experience Score captures women’s assessment of their cities and is calculated from the responses collated from women across India through FGDs and surveys. It covers six pillars: Skilling and employment, caregiving support, transport and accommodation infrastructure, quality of life, efficiency of government bodies, and safety.

      While the first two editions of the TCWI index featured two lists of cities – ‘Million-plus’ cities and ‘Less than a million’ cities, this year’s report has a single unified ranking because of several factors such as outdated population data, rapid urbanization and migration, and to simplify the execution process for stakeholders.

      The findings Regional analysis: The South emerges as the most inclusive region, scoring comparatively higher in both social and industrial inclusion. The average city inclusion score of the South is 18.56. The South is closely followed by the West (16.92). The Central and Eastern regions lag, with averages of 11.79 and 10.55, respectively. This is a result of limited industrial development and opportunities.

      The North is at 14.00 - It is worth noting that while the industrial inclusion scores of Northern cities like Delhi and Gurugram are high, there is scope for improvement in their social inclusion scores.

      State-wise analysis: Kerala leads with the highest average City Inclusion Score of 20.89, followed by Telangana at 20.57, Maharashtra at 19.93, Tamil Nadu at 19.38 and Karnataka at 17.50.

      Women’s ratings of cities: Skilling and employment: Gurugram is rated the highest (7.68 – out of 10) by women. Among the bigger cities, Mumbai (7.60) and Bengaluru (7.54) score highest in skilling and employment, while Chennai (7.09), Hyderabad (6.95) and Thiruvananthapuram (5.51) lag slightly behind.

      Infrastructure: Hyderabad (8.01) secures the highest score for infrastructure (a well-connected public transport system and other travel amenities). Hyderabad is closely followed by Mumbai (7.64) and Bengaluru (7.52). Among the smaller cities, Coimbatore (7.75) and Kochi (7.41) score high in infrastructure.

      Efficiency of government bodies: Thiruvananthapuram (8.15) and Pune (7.06) top governance efficiency. Gurugram at 6.48 has room for improvement.

      Quality of life: Coimbatore (7.54), Pune (7.50) and Chennai (7.05) report the best quality of life. Gurugram scores relatively low (6.34), which may be attributed to environmental challenges.

      Safety: Thiruvananthapuram (7.43), Mumbai (7.19) and Hyderabad (6.95) lead in safety, while women rate Bengaluru (6.17), Kochi (6.02) and Gurugram (5.60) comparatively low in safety.

      For more details, refer to the Top Cities for Women in India 2024 report - www.avtarinc.com/extend/twci About Avtar Avtar, founded in 2000 by Dr Saundarya Rajesh, is one of India’s leading workplace culture consulting firms, supporting hundreds of companies in creating diverse and supportive workplaces. Avtar is credited with introducing the concepts of Diversity, Equity and Inclusion (DEI) to Indian corporates, and is also the country’s largest provider of second career opportunities for women.

      An ISO 20700 certified firm, Avtar’s biggest research project is its annual benchmarking study – the 100 Best Companies for Women in India (BCWI) and the Most Inclusive Companies Index (MICI). Done in partnership with Seramount, BCWI and MICI are India’s largest DEI benchmarking studies, which have paved the way for the employment of more women and other under-represented groups. Avtar also promotes diversity hiring through MyAvtar, India’s first diversity job portal.

      To know more, visit www.avtarinc.com | www.myavtar.com A snapshot of Avtar’s work in the last 24 years • Provided advisory services in inclusive practices to 500+ organizations • Conducted 20,000+ training programs in companies of different sizes, spanning industries and locations • Coached more than 25,000 managers in DEI • Facilitated the re-entry of 1,00,000 second-career women into the workforce through MyAvtar.com • Provided Intentional Career Pathing training to 200,000+ women, preventing them from leaving the workforce • Offered unique skilling programs such as DigiPivot (a prestigious course in digital marketing, conducted in partnership with Google, HUL, and ISB) to hundreds of women.

      • Provided career intentionality training, employment guidance, and access to industry leaders every year to 10,000+ girls from underprivileged backgrounds through Project Puthri.

      • For its transformational impact in the realm of DEI, Avtar Group was listed in the prestigious Steward Leadership 25 Listing by Strait Times & INSEAD at Singapore in 2022.

      (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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