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    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
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    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.
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
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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.
    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.
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    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
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    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
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    August 4, 2026
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
    Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
    August 4, 2026
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    WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
    Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
    August 4, 2026
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    Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
    The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
    August 4, 2026
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    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
    Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
    August 4, 2026
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    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
    Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
    August 4, 2026
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    Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
    Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
    August 4, 2026
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    Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
    National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.

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      PMLA / Black Money

      BJP slams Saurabh Bharadwaj, Sanjay Singh for trying to 'forcibly' enter Delhi CM residence

      January 8, 2025

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      New Delhi, Jan 8 (PTI) AAP leaders' attempt to take a media tour to former chief minister Arvind Kejriwal's residence here in a bid to counter "Sheesh Mahal" jibes has earned the BJP wrath which said trying to "forcibly" enter the premises was an example of "irresponsible, insane and anarchic behaviour".

      AAP leaders Sanjay Singh and Saurabh Bharadwaj demolished "political etiquette and ethics" through their "shameless" act, BJP national spokesperson Sudhanshu Trivedi said on Wednesday.

      No matter how hard they try they cannot get away from the "disgusting display of corruption" in building Kejriwal's "Sheesh Mahal", Trivedi said, slamming Singh and Bharadwaj.

      "What AAP leaders did today was a glaring example of their irresponsible, insane and anarchic behaviour'. They tried to enter the (former CM's residence) forcibly," Trivedi told a press conference at the BJP headquarters here.

      This shows the writing on the wall is clear to them that the AAP is losing the Delhi assembly polls, he said.

      "No matter how much they try, they cannot get away with the 'Sheesh Mahal', which has become a monument of Kejriwal's extravagance. They cannot get away with the truth that a museum of a variety of luxury items was set up in the 'Sheesh Mahal' with the money looted from the people of Delhi," he said.

      Trivedi also hit back at the AAP over its PM's "Raj Mahal" attack on the BJP, and said AAP leaders trying to reach the PM Narendra Modi's official residence reflects the party's "anarchic tendency".

      He said the AAP's allegations about money spent on the PM's residence are "petty and childish". He flayed the party for comparing the PM's residence with the 6, Flagstaff Road House "which is not even designated as the official residence of the Delhi chief minister".

      Earlier in the day, Sanjay Singh and Saurabh Bhardawaj tried to enter the 6, Flagstaff Road House, the official residence of Kejriwal when he was chief minister, with the media. However, they were stopped by the authorities from entering the premises.

      Police had set up barricades and deployed personnel in front of the bungalow, preventing the AAP leaders from entering the premises.

      The party workers later tried to reach the PM's official residence on the Lok Kalyan Marg, but were stopped by police again, following which they staged a "dharna".

      Trivedi claimed the people of Delhi are feeling cheated with the "disgusting display of corruption" in Kejriwal's "Sheesh Mahal" and they will give a "befitting and appropriate" reply to the AAP in the assembly elections.

      He said the renovation at the 6, Flagstaff Road House is under "investigation", and asked AAP leaders why they tried to enter the building a day after the Model Code of Conduct came into effect.

      It was well within the authority of the PWD minister to allow entry into the building before the announcement of Delhi polls, Trivedi said. "What kept them waiting so far? Was this helplessness or trickery?...Did they want to tamper with the something inside (in the house)?'" The BJP leader alleged that this is not the first time when AAP leaders have sought to create "anarchy" in the city.

      Singh and Bharadwaj were seen "threatening" officials while attempting to enter the "Sheesh Mahal" he said, calling it an insult to all the central government and Delhi government officials.

      "Creating anarchy is a natural character of the AAP. That's why Prime Minister Narendra Modi has called them 'aapda' (disaster)," the BJP leader charged.

      Citing some of the past "examples of AAP's anarchy", Trivedi said, "They staged a protest and demonstration on the Republic Day in 2014. We never held any protest on such occasions, not even during the Emergency. They attacked the BJP's previous headquarters on the Ashoka Road with batons in their hands. Delhi chief secretary was beaten up at his office in 2018." The AAP's own Rajya Sabha MP Swati Maliwal was "assaulted" at the former chief minister's official residence earlier this year, he added.

      The BJP is committed to "completely expose" the AAP government's "corruption" and would not let any AAP "conspiracy" succeed, Trivedi said.

      Addressing a separate press conference at the BJP headquarters, party national spokesperson Gaurav Bhatia alleged AAP leaders tried to enter the former Delhi chief minister’s residence to "tamper with the evidence" of corruption.

      He claimed to have learnt from "sources" that an additional Rs 100 crore "black money" was used in the renovation of "Kejriwal's Sheesh Mahal".

      "So far, it was a scam of worth Rs 50 crore. Investigations into the Sheesh Mahal scam are underway. We have got some clue from sources that Arvind Kejriwal used black money of some of his liquor businessmen and contractors in his Sheesh Mahal," he alleged.

      In an apparent reference to Kejriwal's wife Sunita Kejriwal, Bhatia alleged the construction cost was revised on "madam CM's approval".

      He asked Kejriwal to clarify these charges or resign as AAP national convener and apologise to the people of Delhi.

      Kejriwal, who once said that his heart trembled when he came to know that then Delhi chief minister Sheila Dikshit used to live in a house with eight ACs, should tell now the people of Delhi how did he feel when he lived in his 'Sheesh Mahal' which had 50 indoor ACs and other luxuries worth crores of rupees, the BJP leader said. PTI PK PK TIR TIR

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