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    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
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
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    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
    Show AI Summary
    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.
    August 4, 2026
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    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.

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      PM Modi takes '3 MPs of family' jibe at Gandhis, tears into AAP in LS speech

      February 4, 2025

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      New Delhi, Feb 4 (PTI) Prime Minister Narendra Modi on Tuesday excoriated Congress leader Rahul Gandhi saying those speaking of "declaring a war on the Indian State" can appreciate neither Constitution nor national unity as he launched a spirited counter-offensive in Lok Sabha against the Opposition.

      With Rahul Gandhi leading the Congress' attempts to corner the ruling alliance for its alleged neglect of the interests of the weaker sections of society, the prime minister asked to the cheers from treasury benches if at any point of time three members of a Scheduled Castes or Scheduled Tribes family have served as MPs together.

      Replying to the two-day discussion on the Motion of Thanks to the President's Address, he said, "I want to pose a very important question to the countrymen," and then added after raising the issue, "The answer to my question will show the huge gap between the words and action of some people. The gap is like between the earth and sky, day and night." The prime minister's point was clearly aimed at the Gandhi family as their three members, Sonia Gandhi, Rahul and Priyanka, are currently parliamentarians.

      He also accused Rahul Gandhi of openly speaking the language of urban naxals and said it is the country's misfortune.

      "Those who declare a war on the Indian state can understand neither the Constitution nor the country's unity," he said.

      Gandhi had said during the inauguration of his party's new headquarters last month that the Congress is fighting the Indian state, as he accused the government of using its machinery to target the opposition.

      In his nearly 95-minute speech, Modi reeled out figures to highlight his government's work for the SC, ST and OBC to rebut the Congress' allegations while keeping AAP leader Arvind Kejriwal in the line of fire for his alleged corruption and false promises, a day before the assembly polls are held in Delhi.

      Without raising any tension in the society, his government has worked the welfare of disadvantaged sections while keeping people united, Modi said, asserting that more opportunities have been created for them in every field.

      It has become a fashion for some leaders to talk of castes, he said touching on Gandhi's pet issue of caste census, adding that the MBBS seats available for SC, ST and OBC students have risen from 7,700 to 17,000, from 3,800 to 9,000 and from 14,000 to 32,000 respectively as the number of medical colleges jumped to 780 from 387 under his government.

      He also asserted that his government saved lakhs of crores of rupees since 2014, including over Rs 3 lakh crore by striking off over 10 crore fake beneficiaries of welfare schemes, and used the money for nation-building and not building "sheesh mahal", a jibe at the former Delhi chief minister.

      The BJP has been using the term 'sheesh Mahal', a colloquial Hindi term for an opulent house, to allege a "big scam" in the reconstruction of Kejriwal's official bungalow.

      Modi criticised Sonia Gandhi's "poor thing" comments for President Droupadi Murmu following her address on January 31 as insulting to the "daughter of a poor family" and slammed such mindset.

      A day after Rahul Gandhi targeted the government over its foreign policy, including China's alleged intrusion, Modi sought to make light of his charge saying some people think that they will not look mature unless they touch on the issues of external affairs.

      Such leaders, he said, should read "JFK's Forgotten Crisis", a book with some unflattering description of Jawaharlal Nehru.

      Taking on the Congress over its charge that he has worked to weaken the Constitution, he said referring to the treasury benches, "Those who live the Constitution are sitting here. When 'satta' (government power) is service then nation-building takes place. When satta becomes inheritance, then democracy is finished." His government, Modi said, included the leader of the largest opposition party in selection process for important functionaries even when there was no recognised opposition after the 2014 polls. It has now made a law so that the the Leader of the Opposition becomes a member of the panel to select election commissioners, he added.

      He cited different measures, including incorporating the history of all prime ministers in the PM Museum against the "family's museum" and building the tallest status in India Sardar Vallabhbhai Patel, a prominent Congress leader, to assert his government's commitment to the Constitution and its spirit. Turning to Kejriwal, the leader of Delhi's ruling Aam Aadmi Party, Modi flayed him for corruption, false promises and denying health benefits to the city's residents, especially senior citizens, by not adopting the Centre's health insurance scheme of Ayushman Bharat.

      "Some parties are like 'AAP-da' for the future of the youth," he said in the speech in which he did not directly name either Gandhi or Kejriwal.

      He also said those who walk with a copy of the Constitution in their pockets made Muslim women suffer due to the practice of triple talaq while his government gave them equal rights by abolishing the practice.

      Modi said Murmu's speech has infused new confidence in the goal of building 'Viksit Bharat' and inspired people as he noted that people have given him 14th opportunity to reply to the Motion on a President's Address.

      Over 25 crore people have been lifted out of poverty during his government's 10-year tenure, he said, and took a swipe at former prime minister Rajiv Gandhi for repeatedly speaking of the need for preparing India for the 21st century while doing little to meet its needs of the 20th century. Rahul Gandhi's father was at helm between 1984 and 1989.

      Citing a cartoon of the famous R K Laxman showing a plane depicting 21st century being carried on a cart pushed by people, he said it showed how much disconnected was the then prime minister from the reality.

      Modi invoked his own humble background to assert that when a person, who is connected to the ground, understands the ground reality and lives his life on the ground, spends his life for the poor, then changes follow.

      Over Rs 40 lakh crore was credited to people's bank accounts directly by his government, he added.

      His government has spent a massive amount of money on development and used its resources to boost their savings as well, Modi said. Before his government came to power, those earning only Rs 2 lakh were exempt from Income Tax while the threshhold is now Rs 12 lakh.

      Against the earlier politics of appeasement, his government has worked to ensure that its benefits reach every by following the politics of satisfaction, Modi said and recalled the BJP's big win in Haryana and Maharashtra assembly polls to underscore the popular trust it enjoys.

      Expressing confidence of people's continuing support to the BJP, he said he said he was only in his third term and the masses will give his party many more opportunities to serve them. PTI ASK/KR SKU NAB ZMN

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