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    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    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
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    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.
    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
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
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    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
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    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.

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      Ahvaan: A Call to Action – National Conference on Aftercare Services

      January 30, 2025

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      Mumbai, Maharashtra, India (NewsVoir) “Ahvaan: A Call to Action: National Conference on Aftercare Services” was a groundbreaking event aimed at uniting a diverse group of stakeholders involved in the aftercare ecosystem. Hosted by Catalysts for Social Action (CSA), in partnership with A Future for Every Child (AFEC) and UNICEF, the conference gathered government agencies, NGOs, skill development institutions, and corporate partners for a collaborative exchange of knowledge and ideas. The national conference was attended by over 130 stakeholders including 6 government representatives and participants from 13 states to have a meaningful discussion on the state of Aftercare in India.

      Aftercare services play a vital role in supporting young people who age out of institutional care at 18 (called ‘care leavers’), offering resources like higher education, vocational training, mentorship, psychosocial support, housing, and life skills training. However, it is estimated that two-thirds of care leavers are unaware of these services, and only a small fraction access comprehensive aftercare programs. Without such support, they face risks including poverty, unemployment, and homelessness.

      This conference marks the first time that four key NGOs—CSA, AFEC, Udayan Care, and Sevalaya—have come together under a shared theory of change to address the aftercare gap. CSA’s Aftercare Program with over 2500 Care Leavers is one of the largest in the country and is running in five states and 60+ districts. Through years of implementation on the ground the program has incorporated learnings on how to make it effective in terms of measurable outcomes. It also leverages technology, HR processes and partnerships to make the program scalable.

      Vipul Jain, Co-founder of CSA, stated, “We have been working on our Aftercare Program for the last five years and believe it is the largest program in the country with an annual enrolment of 600+. It is also cost efficient, effective and scalable. We are co-hosting this conference to share our program design, implementation methodology, and learnings with all stakeholders. We hope that this will spark more conversations about the cause of Aftercare Services and kickstart collective and collaborative action.” By fostering knowledge exchange and partnerships between government bodies, NGOs, skill development institutions, and corporate partners, the conference was an attempt to create a unified approach to aftercare. It is only through such collaborations that scalable solutions can be developed to ensure every care leaver receives the support they deserve.

      Key highlights of the event included a UNICEF representative discussing policy frameworks and challenges in aftercare services. Sanjay Singh, Chief of Field Office, UNICEF Maharashtra, said, “UNICEF India’s commitment to its #3Cs4EveryChild approach - Convene, Converge and Catalyse, particularly in aftercare, is focused on empowering care leavers as they transition into adulthood. Through Convening, UNICEF India brings together diverse stakeholders—governments, NGOs, youth networks, and the private sector—to create a supportive ecosystem for care leavers. Converging efforts across sectors, aligns key actors to ensure coordinated action on critical issues like education, skill development, and mental health for these vulnerable youth. By catalysing policy dialogue and directly engaging care leavers, UNICEF sparks awareness and drives collective action to support their transition, ensuring they are equipped with the opportunities and resources to thrive independently.” The conference also featured three panel discussions: Voice of Care Leavers, focusing on the challenges faced by care leavers and the need for improved awareness and access to aftercare services; Convergence and Partnerships – Building an Effective Aftercare Ecosystem, exploring how collaboration among stakeholders can create a robust support system; Experiences and Perspectives of Government Functionaries from Karnataka, Chhattisgarh, Odisha, Madhya Pradesh and Maharashtra was a key panel to learn from; and Mission 2030 – Scaling Aftercare Services to Reach All Care Leavers, addressing the scaling of aftercare services nationwide to all care leavers. Additionally, two key papers were released: Effective, Scalable Aftercare Models by Gita Gopal, Co-Founder of AFEC, and From Strategy to Implementation by CSA, providing critical insights into the Aftercare Program that CSA has been implementing.

      Gita Gopal, Co-founder of AFEC, shared, “We are at a pivotal moment where collaborative efforts can create a lasting impact on the lives of care leavers. Through collective action, we can build an effective, sustainable and scalable aftercare system that ensures no young adult is left behind.” About Catalysts for Social Action Catalysts for Social Action (CSA) is an Indian NGO that works towards addressing the unique needs of children in the Juvenile Justice system. Positioned at various stages in the continuum of care—whether it is family-based alternative care, institutional care, or Aftercare—CSA is committed to ensuring that every child or young adult has the opportunity to find a loving family or get family-like care. The organisation envisions a future where every vulnerable child can develop into a confident individual, lead a fulfilling life and be a contributing member of society.

      CSA has been working for over 20+ years, and is active in 5 states - Maharashtra, Orissa, Madhya Pradesh, Karnataka and Goa. It supports 110 Child Care Institutions to create better outcomes in terms of health, nutrition, education and life skills for over 5000 children living in these homes. CSA’s Aftercare Program is probably the largest in the country with over 2500+ Care Leavers. CSA also does research, training, advisory and policy implementation in all aspects of the Child Protection space.

      About A Future for Every Child A Future for Every Child (AFEC) is a US-based non-profit founded in 2019 by adoptive parents Gita and Madan Gopal. With a mission to support the journey of orphaned and vulnerable youth to adulthood, AFEC has been unwavering in its focus on assisting care leavers—youth aging out of institutional care—to transition successfully to independence.

      Since its inception, AFEC has emerged as a thought leader, defining an effective and scalable aftercare program for care leavers and pioneering comprehensive data collection to drive continuous program improvement. Collaborating with trusted partners to implement the program across India, AFEC has supported approximately 1,500 care leavers over the past five years.

      Guided by the vision of empowering every care leaver to build a brighter future, AFEC remains committed to expanding its reach and impact in the years to come.

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

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