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    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
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    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
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    Rupee falls 3 paise to close at 95.40 against US dollar
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    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
    Currently nine trade disputes pending against India under WTO rules: Govt
    MNLU Mumbai Launches MBA in Entrepreneurship & Digital Business Law
    AU Small Finance Bank Savings Accounts: Competitive Interest Rates, Zero-Balance Digital Account Opening and 24x7 Mobile Banking
    Rupee opens on flat note, rises 3 paise to 95.34 against US dollar in early trade
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    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
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    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
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    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.
    August 4, 2026
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    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
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    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
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    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
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
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    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
    August 4, 2026
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
    Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
    August 4, 2026
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    WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
    Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
    August 4, 2026
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    Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
    The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
    August 4, 2026
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    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
    Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
    August 4, 2026
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    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
    Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.

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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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