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    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    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
    Highlights of RBI's August monetary policy
    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Customs & Trade

      Trump says he plans to reach out to North Korea's Kim Jong Un

      January 24, 2025

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      Washington, Jan 24 (AP) President Donald Trump said in an interview that he will reach out to North Korean leader Kim Jong Un, who he described as a “smart guy.” Trump was being interviewed on Fox News by Sean Hannity, who asked the president if he planned to talk to his North Korean counterpart. Trump said he would.

      “I got along with him,” Trump said of Kim. “He's not a religious zealot.” New statement from Hegseth's ex-wife continues to raise questions about his alcohol use A new statement by Pete Hegseth's ex-wife to the FBI continues to raise questions about the alcohol use of Trump's nominee for defence secretary.

      That statement by Samantha Hegseth, the nominee's second wife, is part of an FBI background investigation that was read to Senate Armed Services Committee leadership Mississippi Republican Roger Wicker and Rhode Island Democrat Jack Reed Jan. 16. It said Pete Hegseth had and continues to have a problem with alcohol abuse, a person familiar with the FBI briefing and its findings told The Associated Press.

      Reed has called Hegseth's FBI background check substandard. He said in a statement Thursday that he and Wicker received multiple FBI briefings about the defense secretary nominee, something he had not seen in more than 25 years on the Armed Services Committee, and that “the recent reports about the contents of the background briefings on Mr. Hegseth are true and accurate.” Timothy Parlatore, Hegseth's attorney, said Thursday that “Reed is knowingly lying” because what Samantha Hegseth actually told the FBI is that Pete Hegseth drinks more often than not, but she also acknowledged that she had not spent time with him for about seven years.

      White House asks California congressional members to hold roundtable during Trump visit The White House has asked California congressional members, including Democrats, to hold a roundtable at an airplane hangar in Santa Monica during Trump's visit to the fire-ravaged region of California on Friday afternoon.

      That's according to a person briefed on the plans who spoke on condition of anonymity because they were not authorized to discuss them.

      Congressional Democrats have sharply criticized the new president's threats to withhold federal disaster aid unless California's leaders change the state's approach on its management of water.

      There are currently no plans to visit sites of fire destruction in Altadena, a working class area heavily impacted by the Eaton fire, according to the source familiar, though it was unclear if the president would be visiting other sites.

      Trump reiterates support for full federal recognition for the Lumbee Tribe of North Carolina Trump signed a memo Thursday directing his administration to help advance full federal recognition for the Lumbee Tribe of North Carolina, a distinction that would unlock access to federal funds.

      Congress acknowledged the tribe in 1956 but stopped short of giving the now 55,000-member tribe federal recognition, which has been granted to 574 other Native American tribes in the U.S. Along with federal funds, the designation comes with access to resources like health care through the Indian Health Service. It also creates a pathway for a tribe to secure a land base.

      Trump's memo directs the Department of the Interior, within 90 days, to provide a plan on how to get the Lumbee Tribe federal recognition “through legislation or other available mechanisms.” Treasury Department deploys extraordinary measures' to avoid breaching debt ceiling The Treasury Department says it has deployed “extraordinary measures” to stop the US from breaching the debt ceiling.

      Acting Secretary David Lebryk wrote to congressional leaders on Thursday to inform them about the new measures. He says the Treasury Department stopped paying into the G Fund, a retirement fund for government workers.

      Once the extraordinary measures run out, the government risks defaulting on its debt unless lawmakers and the president agree to lift the limit on the U.S. government's ability to borrow.

      First batch of new forces being deployed to El Paso and San Diego to secure southern borde Active duty military troops will begin arriving in El Paso, Texas, and San Diego on Thursday evening, in what defense officials said is the first batch of the new forces being deployed to secure the southern border.

      The Pentagon announced on Wednesday that about 1,500 troops were being sent to the border this week, as the department scrambles to put in motion President Donald Trump's executive order demanding an immediate crackdown on immigration.

      U.S. officials, who spoke on condition of anonymity to provide details on troop movements, said they expect additional troops to be ordered to deploy in the next few days as defense and homeland security leaders iron out requests for more support.

      The officials said it's not yet clear how many more service members would get tapped in the near future, but they would include active duty, National Guard and Reserves, and come from land, air and sea forces. Other defense and military officials this week estimated that the additional number deployed could be in the thousands.

      Trump's demand for lower interest rates isn't that simple Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep.

      Economic growth is solid, driven by healthy consumer spending. Budget deficits are huge and could get even larger.

      And if Trump follows through on his promises to impose widespread tariffs on imports and deport millions of immigrants, economists expect inflation could worsen, making it less likely the Federal Reserve will cut its key interest rate much this year.

      What to know about Trump's executive order regarding transgender people An executive order that Trump signed on his first day back in office offers a new federal government definition of the sexes that could have a major impact on transgender people.

      The order calls for the federal government to define sex as only male or female and for that to be reflected on official documents such as passports and policies such as federal prison assignments. As for federal spending, it's not clear what his vow to end broader gender classifications will mean on the ground.

      Trump says he is not bothered by Musk's criticism of the Stargate projec Trump said he is unbothered by the fact that Elon Musk has been critical of the Stargate artificial intelligence infrastructure project he announced this week, telling reporters that Musk is critical because one of the people involved in the deal is “one of the people he happens to hate.” Trump brushed aside the clash that's been unfurling online between two of his tech business allies, Musk and OpenAI CEO Sam Altman. Musk has questioned the value of the AI investment, of which OpenAI is a partner.

      “People in the deal are very, very smart people. But, Elon, one of the people he happens to hate. But I have certain hatreds of people, too,” Trump said. The president did not elaborate.

      Trump pardons anti-abortion activists who blockaded clinic entrances Trump announced Thursday he would pardon anti-abortion activists convicted of blockading abortion clinic entrances.

      Trump called it “a great honor to sign this.” “They should not have been prosecuted,” he said as he signed pardons for “peaceful pro-life protesters.” Among the people pardoned were those involved in the October 2020 invasion and blockade of a Washington clinic.

      In the first week of Trump's presidency, anti-abortion advocates have ramped up calls for Trump to pardon protesters charged with violating the Freedom of Access to Clinic Entrances Act, which is designed to protect abortion clinics from obstruction and threats. The 1994 law was passed during a time where clinic protests and blockades were on the rise, as well as violence against abortion providers, such as the murder of Dr. David Gunn in 1993.

      Trump says no date set yet for new tariffs on China Trump said he hasn't set a date on imposing new tariffs on China, but he's reiterating that he wants a 10% tax on Chinese imports in retaliation for it making the chemicals used in fentanyl.

      Trump told reporters in the Oval Office Thursday that he still plans to tariff Canada and Mexico at 25% rates starting as soon as Feb. 1. He said he was comfortable charging higher tariffs on those countries because he had already placed higher tariffs on China during his first term.

      Trump says he expects Fed to listen to him on lowering rates Trump says he expects a chain reaction in which lower oil prices will lead to lower interest rates across the U.S. economy, but he also plans to bring up the issue with Federal Reserve Chair Jerome Powell.

      Trump told reporters in the Oval Office that “when the energy (prices) comes down” it would also knock down overall inflation and “automatically bring the interest rates down.” Asked if he expects the Fed to listen to him on rates, Trump said: “Yeah.” Trump says he will talk to Powell about lowering rates “at the right time.” The Fed controls short-term rates that influence inflation and the supply of money in the economy.

      Trump has talked to lawmakers about reshaping FEMA Trump is preparing to reshape the Federal Emergency Management Agency, which has been on the frontlines of responding to recent wildfires in California and last year's hurricane in North Carolina.

      He spoke at length about the issue with congressional Republican leaders on Tuesday, discussing whether the agency should continue providing assistance to states in the same way, according to a person familiar with the conversation who spoke on condition of anonymity to discuss it.

      Conservatives have previously suggested reducing the amount that states are reimbursed for preventing and responding to disasters like floods, tornadoes, hurricanes and more.

      ?Read more about Trump's plans for FEMA The Department of Justice will vigorously defend' Trump's executive order redefining birthright citizenship In a statement after the federal judge's ruling Thursday that temporarily blocked the order, the department said the executive order “correctly interprets the 14th Amendment of the U.S. Constitution.” “We look forward to presenting a full merits argument to the Court and to the American people, who are desperate to see our Nation's laws enforced,” the department said.

      US District Judge John Coughenour in Seattle called the executive order “blatantly unconstitutional” during the first hearing Thursday in a multi-state effort challenging the order.

      Trump says he's open to meeting people charged or convicted for the Jan 6 Capitol attack President Donald Trump says he's open to meeting with the roughly 1,500 people charged or convicted for their roles in the Jan. 6, 2021 Capitol attack whom he pardoned on Monday in his first hours in the White House.

      Trump said he didn't know if he would meet with those who faced criminal consequences for trying - violently in many cases - to prevent Congress from certifying his 2020 election defeat, but added, “I'd be open to it, certainly.” Trump expected to give prerecorded address to March for Life President Donald Trump is expected give a prerecorded video address to anti-abortion protesters Friday at the annual March for Life in Washington, D.C.

      The news come after Trump offered vague, contradictory answers to questions on abortion on the campaign trail and often attempted to distance himself from anti-abortion allies, despite boasting about nominating three Supreme Court justices who helped strike down a federal right to abortion.

      “This pro-life president has gone nowhere,” said Marjorie Dannenfelser, president of the national anti-abortion group SBA Pro-Life America, while announcing Trump's appearance during a Thursday press briefing.

      Abortion rights advocates pointed to his appearance at the event as evidence of what they've been saying all along -- that Trump cannot be trusted to stay out of abortion rights.

      “No matter what they said on the campaign trail to win an election, this shows their intentions to continue to attack abortion access,” said Ryan Stitzlein, vice president of political and government relations for the national abortion rights organization Reproductive Freedom for All. “This is just proving us right.” (AP) NSA NSA

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