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    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
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
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    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
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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.
    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
    Show AI Summary
    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
    Show AI Summary
    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.

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      Unimoni Brings Foreign Exchange and Travel Solutions Closer with Its Expansive Network

      February 3, 2025

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      300+ Branches and 15,000+ Agent Locations to Meet Customers' Needs KOCHI, India, Feb. 3, 2025 /PRNewswire/ -- Unimoni, a leader in the foreign exchange and travel service industry, is proud to announce the continued expansion of its robust network of 300+ branches and over 15,000 agent locations across India. This wide-reaching presence is designed to bring forex and travel services closer to the public, ensuring that individuals and businesses alike can access essential solutions conveniently, wherever they are across India.

      With 23+ years of expertise in the sector, Unimoni has built a reputation for delivering innovative, reliable, and accessible solutions to all. Unimoni offers a comprehensive range of services that cater to the needs of both personal and corporate clients, including remittances, foreign exchange, bill payments, and other customized financial solutions. Through this extensive network, Unimoni is redefining the way people access forex and travel services and making it easier for customers to manage their financial needs, whether for day-to-day transactions or long-term goals.

      A Deep-rooted Presence Across India Unimoni's vast network spans both urban and rural areas, making it one of the most accessible foreign exchange and travel service providers in the country. The company's 300+ branches are strategically located in key cities and towns, providing easy access to its services. In addition, the 15,000+ agent locations ensure that Unimoni is available in even the most remote regions, bridging the gap between customers and essential financial services.

      Whether it's for making money transfers, exchanging foreign currency, or availing travel solutions, Unimoni's network ensures that customers can easily find a location nearby. This extensive presence is a testament to the company's commitment to accessibility, customer satisfaction, and providing seamless solutions.

      Unimoni's Core Services Unimoni offers a broad spectrum of forex and travel services that are tailored to meet the diverse needs of its customers. Some of the key services include: 1. Send Money Abroad: Unimoni has made international money transfers easy and affordable. With its strong presence, the company enables individuals to send and receive money across borders, securely and efficiently, helping families stay connected no matter where they are located. Unimoni facilitates remittances for various purposes, including: - Visa Fees: Remit payments for visa processing and related documentation to help secure travel plans for employment, education, or leisure.

      - University Fee Payments & Overseas Educational Expenses: Pay tuition fees and other educational expenses for studying abroad with Unimoni, ensuring smooth transitions to international universities.

      - Employment Fees: Transfer payments related to employment, including recruitment fees and expenses for overseas job opportunities.

      - NRO and NRE Repatriation: Enable Non-Resident Indians (NRIs) to repatriate funds from their NRO and NRE accounts, ensuring seamless financial transactions.

      - Tour-related Payments: Facilitate remittance for booking travel packages, hotel stays, tours, and other trip-related expenses.

      - Gifts: Send funds as gifts to family members or friends across borders for birthdays, celebrations, or special occasions.

      - Maintenance of Close Relatives: Transfer money to support the well-being of close relatives living in other countries, including financial assistance for living expenses.

      - Migration Expenses: Support individuals with remittances to cover migration-related costs, such as accommodation, travel, and settlement in a new country.

      - Medical Treatment: Remit funds for medical treatments abroad, covering costs for surgeries, hospital stays, or specialized care unavailable locally.

      2. Foreign Exchange: Whether for travel, business, or education purposes, Unimoni provides competitive foreign exchange rates for a range of currencies. The company's foreign exchange services are available through both its branches and agent locations, ensuring convenience and flexibility for customers.

      3. Forex Cards: Customers can avail Unimoni's Forex Travel Cards to experience the ultimate convenience while traveling. This prepaid card allows users to load a single foreign currency or multiple currencies onto a single card. Forex cards are secured by a PIN for safe payments and withdrawals worldwide at ATMs and POS terminals.

      4. Travel & Holidays: Providing a wide range of customized travel packages, holiday services, visa assistance, air ticketing and hotel bookings, ensuring smooth travel experiences for individuals and groups.

      5. Insurance: Unimoni offers a variety of insurance products that cover property, motor, health, and travel, ensuring customers are protected against unforeseen circumstances. These offerings cater to individuals and families, providing peace of mind with reliable coverage.

      6. Overseas Educational Loan: Supporting students in pursuing higher education abroad by providing tailored educational loans with flexible repayment options.

      7. Gold Loan: Offering quick and hassle-free loans against gold, enabling customers to meet urgent financial needs with competitive interest rates.

      Customer-Centric Approach Unimoni has always prioritized customer satisfaction and strives to ensure that its services are available whenever and wherever customers need them. By leveraging its vast network of branches and agents, the company ensures that clients can access foreign exchange and travel services in a manner that fits their lifestyle. Unimoni's customers can rest assured that they are getting the best service possible.

      24x7 Customer Care Additionally, the company's dedicated staff members at every branch and agent location are well-trained and ready to assist clients with their needs. As part of its customer-centric approach, Unimoni provides 24X7 Customer Care Support, ensuring customers receive assistance whenever they need it. Unimoni's newly launched round-the-clock service at its Cochin Airport Branch at Nedumbassery further strengthens its commitment to convenience. This service is designed to meet the needs of travelers and customers who require financial services at any hour.

      Innovation and Future Growth As Unimoni continues to grow, the company is committed to enhancing its offerings and making financial services even more accessible. The expansion of its network of branches and agent locations is just one of the many ways the company is working to meet the evolving needs of its customers. Furthermore, Unimoni is constantly exploring new technologies to streamline its processes and improve service delivery, ensuring that it remains at the forefront of the foreign exchange and travel industry.

      With a focus on innovation and customer satisfaction, Unimoni is well-positioned to continue its growth and solidify its reputation as a trusted provider of foreign exchange and travel services in India. The company's extensive network and diverse range of offerings make it an ideal partner for anyone seeking reliable, efficient, and accessible foreign exchange and travel solutions.

      Unimoni is revolutionizing the landscape by offering comprehensive and easily accessible solutions through its wide network of 300+ branches and 15,000+ agent locations across India. With over two decades of industry expertise, the company is well-equipped to serve the diverse needs of individuals and businesses alike.

      As Unimoni continues to expand its reach and enhance its offerings, it remains committed to its core mission of delivering innovative and accessible services that make a real difference in the lives of its customers. With a focus on accessibility, customer-centricity, and technological innovation, Unimoni Financial Services Ltd. is poised to lead the way in the foreign exchange and travel services industry for years to come.

      For more information about Unimoni and its services, visit the website.

      Contact Details: Pratheep Thavara +91-79947 94526 [email protected] Photo: Embedded Media Logo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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