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    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
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
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    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
    Show AI Summary
    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.
    August 4, 2026
    Show AI Summary
    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
    Show AI Summary
    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
    Show AI Summary
    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
    Show AI Summary
    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
    August 4, 2026
    Show AI Summary
    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.

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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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