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    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
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    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.
    August 5, 2026
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    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
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    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
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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.
    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
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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.

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      As Trump returns to White House, his family circle has different look

      January 18, 2025

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      Washington, Jan 18 (AP) When Donald Trump returns to the White House on Monday, his family circle will look a little different than it did when he first arrived eight years ago.

      His youngest son, Barron, was in fifth grade back then. He's now a college freshman who towers over his 6-foot-plus dad.

      Granddaughter Kai, who was 9 in 2017, is now an aspiring social media influencer and impressive golfer. Grandson Joseph, who posed in Trump's lap with a Lego model of the White House last time, is 11 now.

      The most prominent relatives in Trump's political sphere, daughter Ivanka and her husband Jared, are in Florida this time around after working in his first administration.

      Family members can provide presidents with a ready source of moral and sounding-board support, companionship and even relief from the world's problems.

      Not to mention creating headaches for the president at times, too.

      "Family can do things that other people can't, and they can be trusted in a way that other people also can't," Tevi Troy, a former George W. Bush administration official and author of several books about the presidency, said.

      "Everyone needs someone they can talk to late at night when you let your hair down, so to speak." The president-elect has five children -- three of whom are married -- from his marriages to Ivana Trump, Marla Maples and current wife Melania Trump.

      He has 10 grandkids, with an 11th on the way.

      Here's a look at Trump's family circle, then and now: Melania Trump THEN: She spent the opening months of Trump's term at the family's Manhattan penthouse so that 11-year-old Barron wouldn't have to switch schools in the middle of the year.

      After moving to the White House, she travelled around the United States and to other countries, alone and with Trump, partly to promote her "Be Best" children's initiative while fiercely guarding her privacy.

      NOW: She avoided active campaigning during Trump's 2024 run, limiting her public appearances to key moments, such as the campaign's launch, the Republican National Convention and election night.

      She released a self-titled memoir late last year and will be the subject of a documentary distributed by Amazon Prime Video that is expected to be released later this year.

      While some doubt that Trump's 54-year-old wife will spend much time at the White House, she said on Fox News' "Fox and Friends" that she has already packed and picked out the furniture she wants to take to the executive mansion.

      His children: Donald Trump Jr THEN: Trump's eldest son, now 46, campaigned for his father in 2016 and 2020.

      NOW: Trump Jr's influence has grown to the point that he lobbied his father to choose close friend JD Vance for vice-president. He also pushed for former Democratic Rep Tulsi Gabbard and Robert F Kennedy Jr, the president-elect's picks for director of national intelligence and health and human services, respectively.

      Trump Jr helps run the family real-estate business and is an honourary chairman of Trump's transition. He has a podcast and has said his role is to prevent "bad actors" from getting into the administration.

      He recently flew on his father's airplane to Greenland; the president-elect has expressed a desire to take control of the mineral-rich Danish territory.

      Trump Jr has five children -- or "smurfs", as he sometimes refers to them -- with his former wife Vanessa Trump. They are Kai Madison, 17, Donald John III, 15, Tristan Milos, 13, Spencer Frederick, 12, and Chloe Sophia Trump, 10.

      Ivanka Trump THEN: Ivanka, 43, campaigned for her father in 2016 and moved her family from New York City to Washington to work in the White House as a senior advisor. She was on the campaign trail in 2020, too, but she and her family moved to Florida and retreated from the spotlight after his loss.

      NOW: As Trump geared up for the 2024 run, Ivanka announced that she loved and supported him but was getting out of politics to focus on her husband and their three kids. She did, however, join her father and other family members on election night and when he rang the bell at the New York Stock Exchange in early December after Time magazine named him "Person of the Year".

      She told "The Skinny Confidential" podcast that this time around she just wanted to "show up for him as a daughter" and be there to watch a movie or a sports game.

      Ivanka and her husband have three children: Arabella Rose, 13, Joseph Frederick, 11, and Theodore James Kushner, 8.

      Eric Trump THEN: The 40-year-old helped run the family business and participated in his father's campaigns.

      NOW: Eric is also an honourary chair of the transition and a close advisor to his father. But he continues to focus more on running the family business.

      In September, he and his brother started a crypto platform called World Liberty Financial, and their father helped launch it in an interview on X.

      Eric and his wife Lara have two children: Eric Luke, 7, and Carolina Dorothy Trump, 5.

      Tiffany Trump THEN: Trump's daughter with second wife Marla Maples was 23 and a recent University of Pennsylvania graduate who kept a low profile when Trump was first elected.

      NOW: She was more present in the 2024 campaign but still largely avoids the spotlight.

      Tiffany, 31, and her husband, Michael Boulos, are expecting their first child this year. Boulos is a businessman who travelled with Trump in the final stretch of the campaign.

      His father Massad Boulos, a Lebanese-American businessman, helped Trump with the influential Arab American community in the swing state of Michigan. Trump has named Massad Boulos to be a senior advisor on Arab and Middle Eastern affairs.

      Barron Trump THEN: At the start of Trump's first term, Barron and his mother stayed at the family's Trump Tower penthouse in Manhattan so he could finish his school year. When they got to Washington, his soccer net appeared in what's known as the first lady's garden.

      NOW: Barron, 18, is a freshman New York University business student. His parents and Trump campaign officials credit him for recommending podcasts popular with young men that the president-elect appeared on during the campaign.

      Barron will have a bedroom in the White House, Melania Trump said on "Fox and Friends".

      "I'm very proud of him, about his knowledge, even about politics and giving an advice to his father," his mother said on the programme.

      "He brought in so many young people. He knows his generation." Other family members in the spotlight: Lara Trump THEN: Trump's daughter-in-law, 42, campaigned for him during all his runs. After Trump lost to Democrat Joe Biden in 2020, she considered running for a US Senate seat from her home state of North Carolina but ultimately decided against it. She became a Fox News commentator.

      NOW: As Trump revved up his 2024 campaign, he installed his daughter-in-law as co-chair of the Republican National Committee, where she was a TV-ready advocate overseeing fundraising, voter outreach and the party's "election integrity" initiative.

      She stepped down from the RNC after the election and removed her name from consideration as a possible successor to Senator Marco Rubio, R-Fla, Trump's choice for secretary of state.

      Lara Trump is passionate about fitness and has her own line of activewear. She has also explored a side venture as a singer and has released some songs. Daughter Carolina is named after her home state.

      Jared Kushner THEN: Kushner, 44, was also a key figure in Trump's 2016 campaign. He joined his wife in the White House as a senior advisor, a role that included working on US policy toward Israel and the broader Middle East.

      NOW: Kushner has stepped out of the political spotlight -- but his father could soon step in. Trump announced after the election that he intends to nominate Charles Kushner, a real-estate developer, to be US ambassador to France.

      The elder Kushner was pardoned by Trump in December 2020 after he pleaded guilty years earlier to tax evasion and making illegal campaign contributions.

      Kai Trump THEN: Kai was in elementary school when her grandfather became president.

      NOW: Donald Trump Jr's 17-year-old granddaughter is an aspiring social media influencer. Her behind-the-scenes video from election night garnered 3.7 million views on YouTube. Other posts related to her grandfather have been watched millions more times on TikTok.

      Kai delivered her first public speech at the Republican convention and is an avid golfer who sometimes plays with her grandfather.

      "If I'm not on his team, he'll try to get inside of my head, and he's always surprised that I don't let him get to me. But I have to remind him, I'm a Trump, too," she said at the convention.

      Arabella Kushner THEN: Ivanka Trump and Jared Kushner's daughter was 6 when her grandfather showed China's Xi Jinping a video of her, in a traditional Chinese dress, belting out Chinese-language songs.

      "It's very good, right? She's very smart," Trump said.

      Xi responded that Arabella was her grandfather's "little angel" and a "messenger of China-US relations".

      NOW: Arabella is 13 and enjoys singing, playing the piano, horseback riding, and Brazilian jiu-jitsu, according to a social media post from her mother. (AP) ARI

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