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    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
    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
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    August 5, 2026
    Show AI Summary
    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
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    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    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.
    August 5, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Top 5 Best Astrologers in Delhi: Acharya Indravarman & Other Most trusted Astrologers

      February 3, 2025

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      Delhi, the heart of India, is a city where tradition meets modernity. In a fast-paced environment where individuals strive for success and stability, astrology plays a crucial role in providing clarity and direction. Many turn to renowned astrologers to seek answers regarding career, relationships, health, and financial prosperity.

      Among the most trusted names in astrology, Best astrologer in Delhi Acharya Indravarman stands out for his profound wisdom and modern approach to ancient sciences. His accurate predictions and life-transforming remedies have made him a top choice for many in Delhi. Let’s explore the top five astrologers in Delhi, with a special emphasis on Acharya Indravarman.

      1. Acharya Indravarman – A Beacon of Astrological Wisdom Bringing Ancient Vedic Astrology into the Modern World Best astrologer in India Acharya Indravarman is a distinguished astrologer renowned for his in-depth understanding of Vedic astrology. His expertise spans horoscope analysis, numerology, Vastu, and remedial astrology, making him one of the most sought-after astrologers in Delhi’s spiritual and professional circles. His ability to combine traditional wisdom with modern-day relevance sets him apart.

      Core Specialities: • Career and business astrology • Love and marriage compatibility • Vastu consultations for homes and offices • Horoscope reading and planetary alignment analysis • Numerology and name correction for success • Remedial astrology for overcoming challenges • Unwavering Knowledge in Vedic astrology Why People Trust Acharya Indravarman Acharya Indravarman’s ability to decode even the most complex astrological charts with pinpoint accuracy has made him a preferred astrologer for corporate leaders, professionals, entrepreneurs, and families. His personalized and practical astrological remedies ensure real, tangible improvements in his clients’ lives.

      Deep Expertise in Vedic Astrology With years of dedicated research and practice, Acharya Indravarman has mastered the art and science of Vedic astrology. His deep understanding of planetary positions, transits, and celestial influences allows him to provide accurate guidance on life’s most critical decisions. His ability to align astrological principles with real-world challenges makes his consultations invaluable.

      A Rich Heritage of Astrological Knowledge Hailing from a family with a strong astrological lineage, Best Online astrologer in India Acharya Indravarman has inherited generations of wisdom. His traditional background provides him with a strong foundation, ensuring that his methods are authentic, effective, and rooted in ancient scriptures. His expertise allows him to blend timeless principles with modern applications, making astrology accessible and beneficial for today’s fast-moving world.

      Highly Accurate Horoscope Predictions One of Acharya Indravarman’s most remarkable abilities is his uncanny accuracy in horoscope predictions. His detailed astrological analysis of dashas (planetary periods), yogas (special astrological combinations), and transits enables him to predict life events with extraordinary precision. His clients, including top executives, entrepreneurs, and individuals from all backgrounds, trust him for his insightful guidance on career, relationships, health, and wealth.

      Effective and Personalized Remedial Astrology Unlike astrologers who only predict, Acharya Indravarman focuses on solutions. His expertise in remedial astrology allows him to neutralize negative planetary influences through: • Gemstone recommendations tailored to individual birth charts • Mantras and rituals for positive energy • Pujas and yantras for protection and success • Lifestyle adjustments aligned with astrological principles His holistic approach ensures that clients not only understand their challenges but also receive powerful solutions to overcome them.

      Mastery in Tantra and Spiritual Remedies Best Tantrik in India Acharya Indravarman is also an expert in Tantra, an advanced spiritual discipline that helps individuals remove negative energies, overcome blockages, and harness personal power. His understanding of Tantric remedies enables him to resolve complex issues related to spiritual disturbances, career stagnation, and personal growth obstacles. Many individuals seeking protection from negative influences consult him for powerful and effective Tantra-based solutions.

      Astrological Guidance Anytime, Anywhere – Online Consultations To cater to the needs of busy professionals and international clients, Acharya Indravarman offers seamless online consultations. Through audio calls, phone consultations, and detailed online horoscope readings, he ensures that his astrological expertise is accessible no matter where his clients are located. His strong online presence has made him a trusted name among Delhi’s elite, entrepreneurs, and working professionals.

      Affordable Consultation Fees for All Despite his extensive experience and top-tier clientele, Best astrologer in Bangalore Acharya Indravarman believes that astrology should be available to everyone. His consultation fees are reasonable and transparent, ensuring that people from all backgrounds can benefit from his expert guidance without financial constraints. His consultation fee is 5000 Indian Rupees.

      2. Dr. Sohini Sastri – A Trusted Name in Astrology Dr. Sohini Sastri is one of India’s most renowned astrologers, known for her expertise in Vedic astrology, numerology, and palmistry. With numerous awards and media appearances, she has gained a reputation for precise predictions and spiritual guidance.

      Specialities: • Career and finance astrology • Relationship and love predictions • Spiritual healing and Vastu guidance • Accurate Horoscope Predictions • Un wavering Knowledge in Vedic astrology 3. Dr. Sundeep Kochar – A Globally Acclaimed Astrologer Dr. Sundeep Kochar is an internationally recognized astrologer, known for his unique approach that blends astrology with life coaching. His clientele includes business magnates, politicians, and celebrities, who rely on his guidance for making crucial decisions.

      Specialities: • Business and financial astrology • Relationship compatibility and counselling • Health and well-being through astrology • Accurate Horoscope Predictions • Un wavering Knowledge in Vedic Astrology 4. Dr. Vinay Bajrangi – An Authority Destiny Astrology Dr. Vinay Bajrangi specializes in karma correction and destiny analysis, offering guidance on how past-life karma influences present circumstances. His scientific approach to Vedic astrology has helped many individuals align their actions with their true destiny.

      Specialities: • Past-life astrology and karma correction • Career and business astrology • Marriage horoscope matching • Accurate Horoscope Predictions • Un wavering Knowledge in Vedic Astrology 5. Pawan Kaushik – A Leading astrologer Pawan Kaushik is a Vastu and gemstone expert who has helped numerous individuals enhance success and prosperity through astrological remedies. His corporate astrology consultations have benefited top executives and entrepreneurs in making strategic business decisions.

      Specialities: • Vastu consultation for homes and businesses • Gemstone recommendations for success • Career and financial astrology • Accurate Horoscope Predictions • Un wavering knowledge in Vedic astrology Final Thoughts: Finding the Right Astrologer in Delhi Astrology continues to be a powerful tool for self-discovery and success. Whether you need guidance in your career, relationships, health, or finances, consulting an experienced astrologer can help you make informed decisions and navigate life’s challenges effectively.

      Among the top astrologers in Delhi, Acharya Indravarman stands out for his accurate horoscope readings, powerful remedial solutions, and deep understanding of Vedic and Tantric astrology. His ability to combine ancient wisdom with modern insights makes him a trusted guide for individuals from all walks of life.

      If you’re seeking astrological clarity and actionable solutions, Acharya Indravarman and the other renowned astrologers on this list are excellent choices.

      (Note: “The order of names” is not indicative of ranking.) (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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