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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
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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
    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
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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.

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      Anantara Jewel Bagh Jaipur Opens, Offering a Window into Rajasthan's Royal Heritage

      February 6, 2025

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      Jaipur, Rajasthan, India (NewsVoir) Anantara Hotels & Resorts, the experiential luxury brand of Minor Hotels, unveils its first property in India—Anantara Jewel Bagh Jaipur. Serving as a peaceful gateway to the Pink City's many cultural attractions, the luxurious retreat is a sanctuary of verdant grounds and palatial architecture. By overlaying royal design with immersive cultural experiences, Anantara Jewel Bagh Jaipur offers a window into a bygone era when some of India’s oldest dynasties—known as proud warriors and patrons of the arts—ruled Rajasthan.

      Grand and intricately decorated, on approach, Anantara Jewel Bagh Jaipur emerges like a resplendent “garden of jewels” it is named after. To create a building that speaks to the area’s history, the architects drew from a classical Rajasthani ancestral palace, blending this sense of royal heritage with modern elegance synonymous with Anantara. Graceful arches frame the façade, while traditional bay windows, known as jharokhas, add beauty and classic appeal to the exterior, inviting natural light and scenic views. Overhanging structures like chhajjas provide both decorative refinement and practical shade.

      Rooms and suites Overlooking the serene inner courtyard or the city, 150 rooms and suites connect guests to India’s past through hand-crafted details such as intricate tikri glasswork, hand-carved woodwork and golden leafing. Rich textiles in understated neutrals add heritage charm to Premier and Deluxe Rooms, while Deluxe Family Rooms ensure comfortable multi-generational stays that blend modern conveniences and old-world opulence.

      Travellers staying in the 70-sqm Jewel Bagh One-Bedroom Suite will find a separate living room with cosy window beds, perfect for curling up with a book and a cup of tea after a day of adventuring. The breezy private terrace at Anantara One-Bedroom Terrace Suite (65 sqm) promises to be especially alluring during the balmy winter months, inviting relaxing Jacuzzi soaks and outdoor dining with panoramic views. Similarly, the Presidential Two-Bedroom Suite, spanning a generous 173 sqm, is perfect for those looking for a combination of indoor splendour and access to the outdoors.

      Elevated dining The hotel’s Executive Chef, Sunil Jajoria, has spent 20 years honing his mastery of heritage Indian recipes, resulting in dishes that blend modern sensibilities and traditional Rajasthani techniques. His skills are on full display at signature restaurant Sheesh Mahal, a jewel box adorned with mirror mosaics and coloured glass inspired by Rajasthan’s iconic Mirror Palace. In addition to local and international cuisines, Sheesh Mahal serves craft cocktails such as Jewel of Jaipur (a Whisky Sour twist), Pink City Punch (guava lemonade with tequila) and Royal Tea (Captain Morgan with masala chai and plum).

      Amrit Mahal, the all-day dining venue, is a family-friendly space with vibrant décor and an open kitchen, perfect for casual meals indoors or outside by the pool. Here, dining options range from international buffet to Indian à la carte classics, and during breakfast, live flute music ensures the day starts on a relaxing note. The cosy Rajputana Chowk is a relaxed gathering spot for guests to unwind over specialty coffees, handpicked teas and refreshing lemonades served in a setting reminiscent of traditional chowks, or marketplaces. For a truly royal experience, guests can try Designer Dining by Anantara. Throughout the night, four exquisite courses made by a private chef are served by a butler at four different venues, each tailored to complement the magic of the setting.

      Signature experiences Inviting guests to explore Rajasthan’s cultural heritage at their own pace, Anantara Jewel Bagh Jaipur offers a collection of signature experiences, both on and off the property. With the Royal Heritage Art Walk led by a resident artist, guests explore hand-painted murals and mosaics of the Rang Mahal ballroom within the hotel before joining a private session to create their own work of art. Another opportunity to learn by doing is the Spice Spoons cooking class, which starts at a bustling local market, before turning fresh ingredients into a traditional meal and enjoying it in true Rajasthani style, sitting on low stools and eating with hands.

      For a walk on the wild side, guests can book a Private Safari and Heritage Tour taking them deep into Ranthambore National Park to meet Bengal tigers and other wildlife. Afterwards, a tour of the historic Ranthambore Fort, a UNESCO World Heritage site, is followed by a picnic overlooking the wilderness. At the cultural village of Chokhi Dhani, pottery-making and turban-tying classes led by skilled artisans are paired with folk performances and a traditional feast. Guests can also explore Amber Fort during a private tour, milk cows in a local village and walk with giants at an elephant village.

      Anantara Spa The Anantara Spa, where Thai wellness traditions meet local expertise, features an on-site beauty salon and five treatment rooms for guests to rebalance with classic Ayurvedic therapies, and indulgent body treatments. Signature offerings range from exotic, like the Pao Ya fire therapy, to beloved spa classics like romantic couples’ journeys. Youngsters are not overlooked either, thanks to fruity scrubs and gentle massages, while daily yoga sessions in the serene Amer Bagh and a 24/7 fitness centre ensure routines continue uninterrupted.

      Weddings and events The property’s palatial setting and secluded location make it an attractive wedding and event destination. Guests can choose from five landscaped gardens, with the largest, Amer Bagh, accommodating up to 1,000 guests, while the pillarless Kohinoor Mahal ballroom can host up to 300 attendees indoors. Poolside Bawdi Bagh and the charming emerald lawn of Mor Bagh are ideal for more intimate ceremonies in a relaxed and picturesque setting.

      Puneet Dhawan, Minor Hotels’ Head of Asia, commented, "The debut of the Anantara Jewel Bagh Jaipur Hotel is a proud milestone for Minor Hotels and the beginning of a bold new chapter in India. As the inaugural Anantara property in this remarkable country, the hotel reflects our commitment to marrying local tradition with world-class hospitality. India plays a crucial role as both a vibrant destination and a key market that inspires our global offerings, and Anantara Jewel Bagh Jaipur is the start of our accelerated growth to 50 properties in India within the next decade. We look forward to welcoming travellers into a new era of Indian hospitality." Ajay Gangwal, Managing Director of Anantara Jewel Bagh Jaipur, added, "It is an honour to collaborate with Minor Hotels in introducing the Anantara brand to India. This partnership has allowed us to blend local character and charm with world-class service, resulting in a hotel that is both a reflection of Jaipur’s rich history and a symbol of forward-thinking hospitality." Vimal Verma, General Manager of Anantara Jewel Bagh Jaipur, said, “At Anantara Jewel Bagh Jaipur, we are dedicated to curating an immersive experience that captures the vibrant soul of Jaipur. We have designed Anantara Jewel Bagh Jaipur to be more than just a place to stay—it is a gateway to the authentic flavours, stories, and artistry of Jaipur. Our guests can expect to journey through the city’s rich heritage right from our doorstep," Anantara Jewel Bagh is located 30 minutes from Jaipur International Airport. Stays start from USD 165 per night. For more information, please visit www.anantara.com/en/jewel-bagh-jaipur.​ Editor’s Note: About Anantara Hotels & Resorts A luxury hospitality brand for modern travellers, Anantara has connected guests to genuine places, people and stories in some of the world’s most extraordinary destinations since 2001. Each Anantara embraces the surroundings and culture of its destination to create unforgettable memories for every guest. From city to sea and desert to jungle, Anantara delivers heartfelt, Thai-inspired hospitality at its over 50 hotels and resorts across Asia, Europe, Africa, the Middle East and the Indian Ocean.

      Visit anantara.com for more information About Minor Hotels Minor Hotels is a global hospitality group operating over 560 hotels, resorts and residences in 58 countries, pursuing its vision of crafting a more passionate and interconnected world. As a hotel owner, operator and investor, Minor Hotels fulfils the needs and desires of today’s global travellers through its diverse portfolio of eight hotel brands – Anantara, Avani, Elewana Collection, NH, NH Collection, nhow, Oaks and Tivoli – and a collection of related businesses. Minor Hotels is rapidly accelerating its global growth ambitions, aiming to add more than 200 hotels by the end of 2026.

      Minor Hotels is a proud member of the Global Hotel Alliance (GHA), the world’s largest alliance of independent hotel brands, and participates in the GHA DISCOVERY loyalty programme.

      (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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