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August 5, 2026
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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
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Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
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August 5, 2026
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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
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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
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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
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Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
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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.
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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.
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Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
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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.
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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.
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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.
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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.
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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.

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PM Modi distributes over 65 lakh SVAMITVA property cards, says will bolster economic activities

January 18, 2025

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New Delhi, Jan 18 (PTI) Prime Minister Narendra Modi on Saturday distributed more than 65 lakh property cards under the SVAMITVA scheme, and said it will bolster economic activities and help in poverty alleviation.

The prime minister virtually addressed the event and also interacted with some beneficiaries.

He also said rural land digitisation is "furthering rural empowerment by leveraging the power of technology and good governance".

The property cards are being distributed to beneficiaries across more than 50,000 villages in 10 states -- Chhattisgarh, Gujarat, Himachal Pradesh, Madhya Pradesh, Maharashtra, Mizoram, Odisha, Punjab, Rajasthan, Uttar Pradesh and two Union territories of Jammu and Kashmir, and Ladakh.

Modi said the scheme will help people get loans and benefits of other government schemes.

"Around 2.24 crore beneficiaries in villages will now have SVAMITVA property cards after 65 lakh cards are distributed today," the prime minister said.

"Property rights are a major challenge across the world. Years ago, the United Nations had held a study, which revealed people did not have legal documents for property rights in several countries. The UN has said property rights are important for poverty alleviation," he said.

Modi said an eminent economist had opined that property in villages is a "dead capital" because people cannot do anything with it, and it can't help increase their income.

"India was also impacted by this challenge. People in villages have property worth lakhs of crores (of rupees), but they did not have papers for it. There were disputes, properties were snatched, and even banks did not provide loans over it," he said.

The prime minister emphasized that no sensitive government could leave its villagers in such distress.

"Previous governments should have taken steps to do something about it but nothing much was done," he said.

Modi said Dalits, backward classes and tribals were the worst affected by this.

Elaborating on the SVAMITVA Yojana, he said it involved mapping houses and lands in villages using drones and providing legal documents for residential properties to villagers. He added that the benefits of this scheme are now visible.

"India has over six lakh villages, with drone surveys completed in nearly half of them," Modi said.

He highlighted that after receiving legal documents, lakhs of people had taken loans from banks based on their properties and started small businesses in their villages.

"After getting legal property rights, lakhs of people have taken loan. They have used this money to start their businesses. Many of these are farmers, for whom this property cards is a guarantee to financial security," he said.

Modi said that once property cards are issued in all villages, the scheme will unlock economic activities worth over Rs 100 lakh crore. He emphasized the substantial capital that will be added to the country's economy.

Noting that earlier, land disputes were common for farmers and obtaining land documents is challenging, often requiring multiple visits to offices and leading to corruption, the prime minister said that land records are being digitized to deal with these issues.

Highlighting that SVAMITVA and Bhu-Aadhaar are foundational systems for village development, he said that Bhu-Aadhaar provides a unique identity to land, with around 23 crore Bhu-Aadhaar numbers issued, making it easy to identify land plots.

"Over the past seven-eight years, approximately 98 per cent of land records have been digitized, and most land maps are now digitally available," Modi added.

Later, in a post on X, the prime minister said rural land digitisation is "furthering rural empowerment by leveraging the power of technology and good governance".

Union Minister of Panchayati Raj Rajiv Ranjan Singh 'Lalan', Union Minister of State for Panchayati Raj S P Singh Baghel and Ministry of Panchayati Raj Secretary Vivek Bharadwaj were also present at the event.

It was attended virtually by several chief ministers, Union ministers and state ministers.

Events are also being organised in over 230 districts for physical distribution of property cards. It is expected that around 13 Union ministers will physically join from designated locations from across the country to oversee regional distribution ceremonies of property cards.

The SVAMITVA (Survey of Villages and Mapping with Improvised Technology in Village Areas) scheme was launched in 2020 to enhance the economic progress of rural India by providing 'Record of Rights' to households owning houses in inhabited areas in villages through the latest drone technology for surveying.

The scheme also helps facilitate monetization of properties and enabling institutional credit through bank loans; reducing property-related disputes; facilitating better assessment of properties and property tax in rural areas and enabling comprehensive village-level planning. PTI AO KVK KVK

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