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    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
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
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    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    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
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    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
    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
    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
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    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
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    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
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    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
    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
    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
    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
    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
    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
    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
    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
    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
    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
    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.

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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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