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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
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    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
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    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
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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
    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
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    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.

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      Sonia Gandhi's 'poor thing...' remarks about Prez Murmu spark controversy; Rashtrapati Bhavan says 'unacceptable'

      January 31, 2025

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      New Delhi, Jan 31 (PTI) Congress leader Sonia Gandhi's "poor thing and very tired" remarks about President Droupadi Murmu after the latter's hour-long address to Parliament on Friday snowballed into a huge controversy, with the Rashtrapati Bhavan saying they were in "poor taste, unfortunate and unacceptable." Prime Minister Narendra Modi also tore into the Congress, accusing its 'shahi parivaar'(royal family) of insulting the President, who hails from a tribal background, and claiming that the party has always undermined the progress of those who come from marginalized communities.

      The Rashtrapati Bhavan came out with a statement to say the remarks clearly hurt the dignity of the high office.

      As several BJP leaders condemned Sonia Gandhi's remarks, party chief J P Nadda said they were "deeply disrespectful", and underscored the opposition's "continued disregard" for the dignity of the highest constitutional office. Parliamentary Affairs minister Kiren Rijiju demanded an apology from the former Congress president.

      The Congress hit back and said every person in India has respect and empathy for President Murmu but claimed that the BJP leaders cannot digest Sonia Gandhi's "empathy" for her health.

      Soon after the President concluded her customary address to a joint sitting of Parliament to mark the start of the Budget session, Sonia Gandhi, Leader of the Opposition in the Lok Sabha Rahul Gandhi and Congress MP Priyanka Gandhi Vadra, also a party general secretary, were seen discussing the speech in the Parliament complex.

      "The poor lady, the President, was getting very tired by the end... she could hardly speak, poor thing," Sonia Gandhi was heard saying in a video doing the rounds on social media.

      During the discussion, Rahul Gandhi was also heard asking his mother if the President's speech was "boring".

      When asked to comment on Sonia's comments, Priyanka Gandhi said her mother has the utmost respect for the President and that it is very unfortunate her remarks have been allegedly "twisted by the media".

      She also hit out at the BJP's demand for an apology over the issue, saying it should first apologise for "ruining the country".

      The Rashtrapati Bhavan statement said it believes that "it might be the case that the Congress leaders were not acquainted with the idiom and discourse in Indian languages such as Hindi, and thus formed a wrong impression".

      "In any case, such comments are in poor taste, unfortunate and entirely avoidable." In their reactions to the President’s address, some prominent leaders of the Congress party have made comments that clearly hurt the dignity of the high office, and therefore are unacceptable, the statement noted.

      "These leaders have said that the President was getting very tired by the end and she could hardly speak. Rashtrapati Bhavan would like to clarify that nothing could be farther from the truth.

      "The President was not tired at any point. Indeed, she has believed that speaking up for the marginalised communities, for women and farmers, as she was doing during the course of her address, can never be tiring," the statement said.

      Latching onto Congress leaders' remarks about President Murmu, Modi said, "These Congress people think they are the masters of the country. The arrogance of the Congress' royal family has once again been exposed." "The royal family of Congress stooped to a new low. One member called her speech ‘boring’ and another went further, calling her 'poor' and 'tired'. This is an insult to 10 crore tribal brothers and sisters of this country. This is an insult to every poor person who rises from the ground," he told a public rally in Dwarka in poll-bound Delhi.

      “The Congress’ royal family does not accept anyone from the Dalit, Adivasi, OBC communities who rise above their circumstances. They insult them at every step." Nadda in a post on X said Sonia Gandhi's use of the phrase 'poor thing' to refer to the President is "deeply disrespectful" and underscores the opposition's continued disregard for the dignity of the highest constitutional office.

      Unfortunately, this is not an isolated incident, he added.

      While the President was highlighting the government's achievements, the opposition, driven by its "feudal mindset", instead chose to mock the empowerment of backward classes and women, "a transformation" brought about under Prime Minister Narendra Modi's leadership, he charged.

      Rijiju said the BJP will not "tolerate" the effort that is being made by the opposition to show Murmu as weak.

      "Since a tribal woman has become the President of the country for the first time, they are unable to digest it and are trying to project her as weak." "The President is a woman and a tribal. She is not weak," he told reporters in the Parliament complex.

      Slamming Sonia Gandhi and Rahul Gandhi, Rijiju said the Congress leaders calling President Murmu a "tired woman" and describing her speech as "boring" does not suit them. "It's highly condemnable." Union minister and senior BJP leader Dharmendra Pradhan called the remarks an "insult" to the country's women and tribals.

      BJP IT department head Amit Malviya said on X, "Sonia Gandhi referring to the President as a 'poor thing' demeans the high office and reflects her feudal mindset." Priyanka Gandhi said it is pretty clear that her mother means no disrespect to the President.

      "My mother is a 78-year-old lady. She simply said that 'the President must have been tired reading such a long speech, poor thing'. She fully respects, in fact she has the utmost respect for her (the President). It is very unfortunate that this kind of a thing is twisted by the media," she told reporters.

      "They are both respected people, they are older than us, they are at a certain age now and it is pretty clear that she (Sonia Gandhi) means no disrespect." Congress chief Mallikarjun Kharge asserted that the party has always respected the dignity of the office of the President and that in order to hide the bad state of the economy, BJP leaders and a section of the media are twisting the phrase used by Sonia Gandhi.

      Kharge also sought to turn the tables on the BJP, claiming that President Murmu was insulted by the Modi government when she was not invited to the new Parliament building's inauguration.

      Congress leader Gouramis Gogoi said in a post X, "Sonia Gandhi's empathy for Hon'ble President Droupadi Murmu ji's health cannot be digested by the men in BJP." Every person in India has respect and empathy for the President, he said. PTI ASK AKV SKC UZM PK GSN GSN GSN

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