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    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
    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
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    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
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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
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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
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      G Square Unveils G Square Regal Park in Vandalur: Redefining Urban Living with Unmatched Connectivity

      February 4, 2025

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      Chennai: G Square, India’s largest real estate developer, is launching its latest project, G Square Regal Park, in Vandalur. Just a 5 minutes drive from Tambaram, bang on the GST Road, Vandalur enjoys excellent connectivity to all parts of the City. Oragadam, the automobile hub, is 10 minutes away; Gateway IT Park SEZ is just 2 minutes away while the OMR is easily reached via Perungalathur and Pallavaram. It is literally the most ideal central location for a family whose members have to reach different parts of the city, say, the father working in Oragadam, the mother in the Secretariat, the daughter in the OMR IT Park or the son studying in SRM! Their combined commute time from Vandalur will unquestionably be the least compared to any other area.

      GST Road is rightly known as the Southern Chennai’s lifeline. One of the main reasons for this is the unmatched multi-modal connectivity it offers. Much unlike the OMR or ECR – GST Road has almost everything a citizen could ask for – local train service, Metro Bus Service, all Southern buses, all Southbound trains, and now Metro, aside from the International Airport. No wonder that GST has seen and is continuing to see unabated development even beyond 60 kms from Chennai’s periphery. Presence of a diverse bouquet of educational and other institutions on this road is a testimony to this fact.

      Areas along GST Road, such as Guduvanchery and Urapakkam, are already experiencing extensive growth due to their proximity to prominent IT firms such as Accenture, Zoho, Capgemini, and Infosys. Similarly, localities like Potheri, and Kattankulathur, which host noteworthy educational institutions and healthcare facilities such as the SRM Group of Institutions, VIT Chennai, Tagore Engineering College, B. S. Abdur Rahman Crescent Institute of Science and Technology, Narayana E Techno School, Velammal New Gen Kids, Sacred Heart School, SRM Hospital, Rela Hospital, Chettinad Hospital, Hindu Mission, Guduvanchery Medic Centre Pvt Ltd (Deepam Hospitals), and OneHealth Hospital, are witnessing a constant rise in real estate appreciation. Adding to its significance, the Tamil Nadu government has revived its eight-lane expansion project, allocating ₹12.8 crore to complete pending work on the Perungalathur flyover. This project aims to improve traffic flow and safety on one of the city’s busiest highways.

      4550 is greater than 6000! Yes, you read it right. 4550 is greater than 6000! Stumped? Please read on to find out the how and why!! One of G Square’s standout attributes is its ability to offer premium projects at competitive prices. For G Square Regal Park, plots are priced at ₹4550 per sq.ft. onwards, compared to competitors who charge approximately ₹6,000 per sq.ft. in the area. This affordability is achieved through the company’s extensive experience of over 12 years in acquiring and managing large-scale land developments. By managing and handling large parcels of land and leveraging its ability to procure prime properties, G Square consistently delivers larger, strategically located projects like Regal Park at unmatched prices. The project will feature plot sizes ranging from 550 to 4600 sq.ft., catering to diverse needs and making it ideal for homeowners and investors alike.

      Additionally, the project will include G Square’s latest addition to its real estate portfolio—apartments and villas. G Square Regal Park will feature 52 apartments ranging from 534 to 1228 sq.ft., 16 individual villas with sizes ranging from 1150 to 1163 sq.ft., and 6 twin villas ranging from 2313 to 2325 sq.ft. Apartments are priced at ₹4599 per sq.ft. against the market price of ₹5799, while villas are available at ₹5699 per sq.ft. against the market price of ₹7000. This expansion ensures a variety of housing options that cater to diverse buyer preferences, all within a premium yet affordable community.

      Additionally, Vandalur benefits from proximity to The Chennai Outer Ring Road (CORR), a transformative masterplan set to make Vandalur a thriving urban hotspot while not giving away the serene environment. CORR road provides seamless access to the Chennai Peripheral Ring Road. This key infrastructure connects Ennore and Mahabalipuram, enabling end-to-end commutes while completely bypassing city traffic. CORR offers unmatched connectivity and development opportunities, with seamless access to 4 important national highways (NH4, NH5, NH45 and NH 205) and proximity to key growth hubs like Poonamallee and Oragadam. The masterplan emphasizes sustainability through eco-sensitive development and water body conservation, ensuring a balanced approach to urbanization. For Vandalur, this means rising property values, a surge in affordable housing projects with improved amenities, and increased job opportunities driven by nearby industrial hubs. This visionary blueprint positions Vandalur as the next big destination in Chennai’s urban evolution.

      A plot in G Square Regal Park at the inaugural offer price of Rs. 4550 per sft coming with the benefits of worry-free title, security of property, excellent amenities and committed delivery would be much greater in value compared the price of about Rs. 6000 charged by Competition in this area. That is how 4550 becomes greater than 6000! Commenting on the launch, Mr. Bala Ramajeyam, Managing Director of G Square Realtors Private Limited, stated, “At G Square, we are proud to launch our latest project, G Square Regal Park, in Vandalur. This development will be a gamechanger for potential homebuyers and investors due to its strategic location just minutes away from GST Road and close to the IT hub. Its unmatched connectivity to all four sides of the city makes it unlike anything seen before. Our ability to acquire prime properties, combined with our expertise in land aggregation, allows us to deliver high-value projects such as these that blend connectivity, affordability, and immense appreciation potential and such an investment opportunity with reasonable price should not be missed.” Renowned for developing premium plotted communities within city limits, G Square continues to reshape urban living with its strategic approach to delivering projects that blend location, amenities, and affordability.

      G Square’s developments also stand out as expansive communities, unlike the smaller layouts typically offered by competitors in peripheral areas. Additionally, G Square's projects, located in prime urban areas, have consistently shown significant appreciation in value, offering guaranteed returns and making them a preferred choice for both homeowners and investors. Building on its success in the plotted development sector, G Square is now venturing into newer verticals such as apartments and villas in addition to plots, expanding its portfolio while continuing to offer unmatched quality and value in prime locations.

      With a presence across cities like Chennai, Coimbatore, Trichy, Hyderabad, Mysuru, and beyond, G Square continues to lead India’s real estate sector with over 127 completed projects. Its commitment to delivering quality developments at affordable prices, backed by a strong reputation for zero legal issues and customer trust, solidifies its position as a market leader in transforming urban landscapes. With a remarkable track record of catering to over 15,000 satisfied customers and aggregating nearly 4,000 acres of land, G Square stands as a testament to excellence in real estate development.

      What are you now waiting for? Hurry and complete the booking of your cherished Plot in G Square Regal Park, Vandalur! For more information, please reach out to: [email protected] (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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