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    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    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
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    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
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    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
    Show AI Summary
    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
    Show AI Summary
    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
    Show AI Summary
    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
    Show AI Summary
    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Show AI Summary
    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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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.

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      HIGHLIGHTS

      February 3, 2025

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      New Delhi, Feb 3 (PTI) Following are the top stories at 9.03 PM: NATION DEL77 JK-3RDLD TERRORIST ATTACK

      Ex-serviceman killed, wife and niece injured in terrorist attack in J-K's Kulgam Srinagar: In the first non-combatant killing of the year, terrorists shot dead an ex-serviceman and injured his wife and 13-year-old niece in an attack in South Kashmir's Kulgam district on Monday, officials said here.

      DEL47 DL-POLLS-MODI(R)

      To guard its image, AAP govt only promotes students sure to pass Class 10: PM Modi New Delhi: Hitting out at the AAP government in Delhi, Prime Minister Narendra Modi said on Monday it denies students to take Class 10 exams if they perform poorly in Class 9 so that board exam results are not marred, and its image is protected.

      DEL55 DL-POLLS-3RDLD SHAH

      Delhi left behind as AAP kept fighting with Centre: Amit Shah New Delhi: Union Home Minister Amit Shah on Monday said states with a double-engine BJP government have progressed in the last 10 years, but Delhi has been left behind because the Aam Aadmi Party kept "making excuses" and "fighting with the Centre".

      DEL85 BJP-MURMU-LD SONIA

      BJP MPs file privilege notices against Sonia Gandhi, Pappu Yadav over remarks on President New Delhi: A group of BJP MPs from the tribal community filed a breach of privilege notice on Monday against Congress parliamentary party leader Sonia Gandhi for using "derogatory and slanderous" words against President Droupadi Murmu.

      DEL80 LS-MOTION-2NDLD RAHUL

      PM's Make in India failed; alternative vision must focus on energy, mobility revolution: Rahul New Delhi: Claiming that Prime Minister Narendra Modi's 'Make in India' initiative has failed, Leader of the Opposition Rahul Gandhi on Monday presented an alternative vision of greatly enhancing the participation of Dalits, tribals and OBCs, as well as ensuring that the energy and mobility revolution is not given up to the Chinese.

      PAR4 LS-LD PROTEST

      Lok Sabha takes up 18 questions amid noisy opposition protests over Kumbh stampede New Delhi: Lok Sabha on Monday witnessed prolonged noisy protests by opposition parties demanding a discussion on the recent stampede at Maha Kumbh in Prayagraj and a list of those deceased.

      DEL71 DL-POLLS-LD GOYAL

      BJP headed to massive poll victory in Delhi, like Maharashtra, Haryana: Piyush Goyal New Delhi: The BJP is headed for a massive poll victory in Delhi, similar to what happened recently in Maharashtra and Haryana, Union minister Piyush Goyal said on Monday.

      DEL37 DL-POLLS-LD KEJRIWAL-BJP

      We have distributed spy cameras to capture BJP's 'malpractice' in Delhi polls: Kejriwal New Delhi: With just two days left for voting in the Delhi Assembly polls, AAP supremo Arvind Kejriwal said on Monday his party has distributed spy cameras and and body cameras among people in slum areas to capture "wrongdoings" and "electoral malpractices" by the BJP and its "goons".

      DEL60 UP-KUMBH-4THLD BASANT PANCHAMI

      Two crore take 'Amrit Snan' on Basant Panchami without hitch at Maha Kumbh Mahakumbh Nagar: The third 'Amrit Snan' at the Maha Kumbh proceeded smoothly on Monday with lakhs of people taking a dip on the occasion of Basant Panchmi and akharas resuming the grand processions curtailed last week when a stampede killed at least 30 people. By Kishor Dwivedi

      BOM19 CG-NAXAL-LD ENCOUNTER

      Naxalite with Rs 8 lakh bounty killed in Chhattisgarh encounter Kanker: A Naxalite carrying a reward of Rs 8 lakh on his head was killed in an encounter with security forces in Chhattisgarh's Kanker district, police said on Monday.

      BOM4 MH-GODHRA CASE-LD CONVICT

      Godhra train carnage case: Life convict held in Pune 4 months after jumping parole Pune: A 55-year-old life convict in Godhra train carnage case of 2002, who absconded after jumping parole in September last year, has been arrested in Maharashtra's Pune district in a theft case, police said on Monday.

      CAL17 BIZ-BGBS-BHUTAN PM

      Bhutan PM to attend Bengal biz summit as special guest Kolkata: Bhutan's Prime Minister Dasho Tshering Tobgay is scheduled to visit Kolkata for two days to attend the state’s business summit to be held later this week, an official from the Royal Bhutanese Consulate here said on Monday.

      MDS8 KL-UDF-UNION MINISTERS

      UDF calls union ministers'' remarks ''immature'' Kochi: The opposition Congress-led UDF on Monday intensified its criticism of Union Ministers George Kurian and Suresh Gopi over their recent controversial statements, calling their remarks "immature" and accusing BJP leaders like them of having contempt for Kerala.

      BUSINESS DEL69 BIZ-TOLL-LD GADKARI

      Govt working on uniform toll policy to provide relief to commuters on National Highways: Gadkari New Delhi: The road transport ministry is working on a uniform toll policy to benefit national highway users, Union Minister Nitin Gadkari said on Monday. By Bijay Kumar Singh

      LEGAL LGD13 SC-KUMBH STAMPEDE-LD PIL

      Kumbh stampede: SC refuses to hear PIL, asks petitioner to move Allahabad HC New Delhi: Terming as “unfortunate” the January 29 stampede at Maha Kumbh where at least 30 people were killed, the Supreme Court on Monday refused to hear a PIL for guidelines over safety of devotees and asked the petitioner to move the Allahabad High Court instead.

      LGD39 DL-HC-LD RASHID

      NIA opposes interim bail plea of jailed J&K MP Rashid Engineer in HC New Delhi: The NIA on Monday opposed in the Delhi High Court a plea by jailed Jammu and Kashmir MP Rashid Engineer for interim bail in a terror-funding case to attend Parliament.

      LGD28 SC-POLLUTION-STUBBLE BURNING

      Stubble burning: SC asks CAQM to hold meet with Punjab, Haryana, UP New Delhi: The Supreme Court on Monday directed the Commission for Air Quality Management to hold a meeting with Punjab, Haryana and Uttar Pradesh governments on the proposed action plans to tackle the issue of stubble burning.

      LGD23 SC-PWD-EXAMS

      All disabled candidates can use scribes to write exam: SC New Delhi: The Supreme Court on Monday said all disabled candidates can take scribes to write their exams without meeting the benchmark disabilities' criteria.

      LGD20 SC-ELECTORAL BOND-CRIMINAL CASE

      Electoral bonds case: Criminal case not to continue against Karnataka BJP leader, says SC New Delhi: No criminal proceedings against Naleen Kumar Kateel, former Karnataka state BJP president, would continue in connection with allegations of extortion linked to the electoral bond scheme, the Supreme Court on Monday said.

      LGD14 SC-MANIPUR-AUDIO CLIPS

      Manipur violence: SC seeks forensic report over audio clips against CM New Delhi: Saying the state was "limping back to normalcy", the Supreme Court on Monday sought a sealed-cover forensic report on the authenticity of leaked audio clips alleging the role of Manipur Chief Minister Biren Singh in the ethnic violence.

      FOREIGN FGN45 MALDIVES-INDIA-MILITARY-DRILL

      India-Maldives joint military exercise begins Male: The 13th edition of joint military exercise 'Ekuverin' between the Indian Army and the Maldives National Defence Force has commenced in the archipelago nation, officials here said.

      FGN27: PAK-ZARDARI-CHINA

      Pakistan President Zardari to visit China on Tuesday on five-day state visit Islamabad: President Asif Ali Zardari will travel to China on Tuesday on a five-day state visit during which he will discuss a broad spectrum of bilateral relations with the Chinese leaders, with a focus on economic and trade cooperation, security collaboration, and the multi-billion dollar economic corridor (CPEC).

      PTI OZ OZ

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