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    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
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
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    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.
    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
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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.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    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.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    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
    Show AI Summary
    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.
    August 4, 2026
    Show AI Summary
    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
    Show AI Summary
    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    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.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.

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      NAMTECH on a Mission to Develop World-Class Talent for MET Sector in India, for India

      January 20, 2025

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      Conducts its first Convocation Ceremony and hosts MET Expo Gandhinagar, 18 January 2025: NAMTECH (New Age Makers’ Institute of Technology) conducted the first graduation ceremony of its International Professional Master’s Program (iPMP) – Smart Manufacturing class of 2024 Saturday, 18 January 2025 at Mahatma Mandir Convention & Exhibition Centre, Gandhinagar. During the convocation ceremony, the institute awarded Post Graduate Certificates to 53 students.

      The occasion was marked by the first Manufacturing, Engineering and Technology (MET) Expo which showcased innovative and cutting-edge digital technologies giving the attendees a glimpse of the future of manufacturing and engineering. The highlight of the Expo was the demonstration of NAMTECH’s futuristic living and learning campus elements and the spatial AI enabled XR platform. The Expo aimed to spark interest and dialogue around emerging technologies and showcase NAMTECH’s use of modern, state-of-the-art equipment to deliver its programs.

      NAMTECH empowers enterprising young minds to be ‘Conscious Technologists’ through its ‘Innovation Schools’. It offers high quality, industry-aligned experiential learning programs in MET and provides a platform for ‘Sharing Technology’ and catalyzing innovation for the larger socio-economic good​. NAMTECH’s ‘Conscious Technologists’ are highly competent professionals would drive the ‘Make in India’ vision of India’s transformation into a global manufacturing powerhouse.

      The National Education Policy 2020 (NEP 2020) recognizes that the evolving complexity of modern problems demands a multi-disciplinary approach rather than isolated expertise in mechanical, electrical, or other specialized fields. NAMTECH’s pioneering, microlearning factories enable students to work on complex, real-world problems and gain practical experience in digital technologies through a 1-year accelerated master’s program.

      The graduation ceremony and the MET Expo saw Dr K Radhakrishnan, Former Chairman, Indian Space Research Organisation (ISRO) and architect of India’s Mangalyaan mission as the Chief Guest and Ms Debjani Ghosh, presently Distinguished Fellow, Niti Aayog, Former Vice-President and MD, Intel South Asia and Former President, NASSCOM; and Dr K N Vyas, Distinguished Homi Bhabha Chair Professor, Department of Atomic Energy (DAE) as the Guests of Honor. The graduation day commenced with the ceremonial procession led by the Dean, Chief Guest, Guests of Honor, Board Members and other senior faculty members.

      In his convocation address highlighting NAMTECH’s visionary approach, Dr K Radhakrishnan, said: “This day is the culmination of a noble vision, unwavering perseverance, and steadfast dedication. NAMTECH’s focus on skilling at high scales for manufacturing and engineering sectors is pertinent and praiseworthy. Posterity will acknowledge this impactful initiative and its institutional model that would bring up future-ready high-tech workforce for India and the world.

      Congratulating the graduating class he said: “We recognise your accomplishments, spirit of excellence and the adoption of innovative technologies that each of you embodies now. This achievement is a testament of determination and the enduring support of your parents and families, and the incredible guidance of the faculty and staff of NAMTECH.” Through its ‘Aatmanirbhar Bharat Abhiyan’ India aims to be the most preferred global manufacturing and engineering destination. Its aspiration to become a developed economy hinges on its ability to create critical technologies, and this requires availability of world-class talent. NAMTECH through its programs and strategic partnerships with global academic institutions and leading corporates is the incubation hub to produce this talent. NAMTECH’s Women in Manufacturing program empowers women to break traditional gender barriers and lead industry’s digital transformation.

      Aligned with the Hon’ble Prime Minister’s vision of Viksit Bharat@2047 - a prosperous and developed nation by its 100th year of independence - NAMTECH is playing a pivotal role in shaping a skilled, future-ready workforce to drive innovation, manufacturing excellence, and sustainable development.

      Speaking about NAMTECH’s first convocation, Arunkumar Pillai, Director General, NAMTECH said: “Today is not just a gathering for celebration of individual successes, but a monumental chapter in the history of our institution. 2024 has been a year of achievements and several learnings. We experimented and built every element of the “excellence with impact” model. At the core is the excellence driven by our 4 innovation schools – School of Manufacturing Technologies, School of Manufacturing Design and AI, School of Sustainability and School of Robotics. Each School is supported/mentored by a leading global academic institution and a host of industry partners.” Addressing the maiden batch of NAMTECH’s graduates, he said: “As the first graduating class, you dared to dream with us, to venture into the unknown and to help build this institution from its very foundation. Today is a day of gratitude.

      “Graduates, you hold the tools to build a future that is smarter, safer, and more just than what it is today. So be bold, be curious, break barriers and serve humanity.” About NAMTECH New Age Makers’ Institute of Technology (NAMTECH) is a not-for-profit education initiative by ArcelorMittal Nippon Steel India (AM/NS India). NAMTECH is a pioneering, industry-aligned institute built with a bold mission to bridge the gap between what industry needs and the traditional educational systems. NAMTECH seeks to reimagine education through experiential learning and an emerging technology-driven curriculum that moulds students for whatever comes and prepares them with the skills to meet future marketplace challenges.

      With a distinguished team of finest faculty and experienced professors-of-practice, NAMTECH bridges academic rigor with industry expertise, preparing students for rewarding careers in the MET space.

      NAMTECH is structured into four schools and an impact center - the School of Manufacturing Technologies, School of Manufacturing Design and AI, School of Sustainability, School of Robotics, and Center for Social Impact, each mentored by a globally leading institution and partnered with various industry leaders. For more information, please visit www.namtech.ac.

      About MET EXPO NAMTECH hosted an extraordinary MET Expo during its first convocation, celebrating innovation and excellence in Manufacturing, Engineering, and Technology (MET). This landmark event showcased NAMTECH’s pioneering advancements in modern pedagogy, digital technologies, and cutting-edge educational practices.

      Highlights included an immersive experience of Industry 4.0, featuring robotics, additive manufacturing, and related technologies, as well as demonstrations of extended reality (XR) integration in education. The expo shone a spotlight on NAMTECH’s exceptional students’ achievements throughout the year, with a dedicated display of their innovative projects. The Expo gave a transformative experience to the attendees, celebrating the institution’s journey and its significant contributions to industry-ready education.

      For media enquiries please contact Deepti Soni, Head of Branding and Communications, NAMTECH on [email protected] or 9810312913.

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

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