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    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    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
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    August 5, 2026
    Show AI Summary
    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
    Show AI Summary
    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
    Show AI Summary
    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
    Show AI Summary
    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
    Show AI Summary
    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
    Show AI Summary
    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
    Show AI Summary
    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.

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      Medicall Expo Showcases Its 40th Edition

      February 10, 2025

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      Kolkata, West Bengal, India – Business Wire India • India's Largest B2B Medical Equipment Trade Fair • On 15th, 16th and 17th Feb 2025 at Biswa Bangla Mela Prangan, Kolkata Medicall, India's Largest & No. 1 Medical Equipment Exhibition, 39 successful editions since 2006. Medicall is organized in Chennai, Delhi, Mumbai, Hyderabad & Kolkata covering all 5 regions of India with over 65,000+ Sq.mt of Exhibition Space. It serves as platform for showcasing cutting-edge medical technologies, knowledge sharing, networking among healthcare professionals & industry leaders.

      Medicall Kolkata, East India’s largest B2B Medical Equipment Trade Fair will be held from 15-17 Feb '25 at the Biswa Bangla Mela Prangan, Kolkata. 15,000+ Healthcare Professional, more than 350 exhibitors with 1,00,000+ products and services will be at display. The 40th edition of Medicall will focuses on all the needs of a hospital from surgical cotton to the latest imaging equipment and surgical tools, etc.

      Medicall organizes Interactive Brainstorm, the showstoppers of Medicall. At Medicall, medicine meets management providing intellectually stimulating Seminars, Workshops, Unconference and Ask all – open discussion sessions for the Medical Fraternity to acquire and disseminate knowledge on the business aspects of running Hospitals. The Interactive Healthcare Intelligentsia at Brainstorm Medicall dishes out nuggets of wisdom in a nutshell.

      Also, Medicall Introduces Medicall academy with an objective of nurturing Talent and skill development through Simulation-based workshops, inducing hands-on experience with new skills and technologies used in Health care industry.

      For more details please visit: http://www.medicall.in "Small and medium-sized hospital owners from tier II and III cities cannot afford to have qualified purchase managers. Equipment companies also do not have adequate sales force to meet all these hospital owners. Since I have undergone the difficulty for my hospital, I thought Medicall will bring in all equipment manufacturers under one roof." Dr. S. Manivannan, Founder & CEO, Medicall Why Exhibit Medicall • To Generate more Leads • Meet More than 10,000 Hospital owners and Top Decision makers • To strengthen relationships with Existing clients & partners • Identify your Ideal Dealers & Distributors to promote your business • Perfect Platform to launch your product & services • Build your Brand The Profile of Visitors: Doctors – Physicians & Surgeons Hospitals owners & Decision Makers Medical Directors CEOs Hospital Administrators Purchase Managers Biomedical Engineers CIOs, CTOs, CFOs, IT Managers Healthcare Professionals Owners of Diagnostic & other Healthcare Centres Dealers, Distributors & Manufacturers Importers & Exporters Key policymakers from the governmental sectors Deans & Academicians Healthcare Consultants Hospital planners, designers & architects Nursing & Paramedical professionals Top Reasons to Visit Medicall • To buy Equipment / services for the Hospital / Clinic • To get dealerships from International Companies and reputed Indian companies • To get the best and latest in Healthcare Industry • To get updates on innovations in the field of Healthcare • To meet collaborating partners • To get to know about the Healthcare Industry • To attend and participate in thought-provoking conferences and seminars • To attend special 1-1 business meets Partial List of Products 3D Printed Implants Folders & Files Mobility Solutions 3D Printers Gynaecology Equipment Modular OT AI-Based Healthcare Solutions Hand Held X-Ray Machines Monitors AI-Powered IT Solutions Healthcare Training Platforms Neonatal Equipment Air Handling Units Heart & Lung Machine NICU Equipment Anesthesia Workstation HIMS & LIMS Nurse Call System Auto Transfusion System Home Healthcare Products Online B2B Platforms Biomedical Waste Management Hospital Ambulance Ophthalmology Equipment Blood Bank Solutions Hospital Beds & other Furniture Orthopedic Knee Braces Calibration & Testing Services Hospital Financing Solutions OT & ICU Equipment Cardio Thoracic Equipment Hospital Holloware OT Tables & OT Lights Caster Wheels Hospital Infrastructure Products Oxygen Generators Cathlab, SPET/PET Scan Hospital lighting solutions Pediatric Equipment CCTV & Security Solutions Hospital Planning & Architectural Services Pharmacy Storage Solution Clinical Equipment Hospital Safety Floorings Physio & Rehab Equipment Cold Storage Solutions Hospital Signages Plasma Sterilizers Computers & UPS Hospital Staffing Solutions Pneumatic Tube Systems Consultancy Solutions Hospital Uniforms Point of Care Devices Copper Fittings Housekeeping & Cleansing Items Portable Health kiosk CSSD Equipment Imaging Printing Solutions Portable Imaging Solutions CT Scan & MRI Machine Implants & Orthopedic Kits Portable Wheelchair Dental Chairs & Equipment Innovative IT Solutions Power Solutions Diagnostic Kits IVD Laboratory Equipment Pulmonology Products Dialysis Machines IVF Labs equipment Radiation Protection Aprons Dicom Printing Solutions Lab Disposables Robotic Equipment Digital Marketing Services Lab Equipment Smart Ventilators Digital Radiography Solutions Lab Reagents Sterilizations Products Disinfection & Sterilization Equipment Laparoscopy & Endoscopy Storage Solutions Disposables & Consumables Laundry Solutions Surgical tools & Instruments Ductless Laminar Airflow Mammography UPVC Hygienic Wall Cladding ECG Machines/Defibrillators Mannequins Vinyl Flooring EKG Cables & Accessories Marketing and Branding Solutions Water Treatment Plants Elevators Medical Equipment Accessories Water Treatment Plants Emergency Care Products Medical Gas Pipelines Wireless Clinical Spirometer ENT & Ophthalmic Equipment Mobile App, Telecommunication X-Ray Films Fire Safety Systems Mobile Laboratory X-Ray Machines Brainstorm Medicall Workshops and Seminars The show stoppers of Medicall are its seminars and workshops. Much care is put into this section to ensure they are not didactic and uni-directional but highly interactive and responsive.

      The Interactive healthcare Intelligentsia at BrainStorm Medicall dishes out nuggets of wisdom in a nutshell.

      Seminar Topics and Schedule: Title Date Timings Description Hospital Projects: How to Plan and Build a 150 Bedded Hospital Saturday, 15th Feb 2025 11:30 AM to 01:30 PM Planning and building a 150-bedded hospital requires a blend of vision, strategy, and practical execution. This seminar will guide upcoming hospital owners through the critical steps of hospital project planning—from conceptualizing the layout and ensuring compliance with healthcare regulations to budgeting, selecting the right technology, and optimizing workflows. With a focus on real-world insights and actionable strategies, attendees will leave equipped to navigate challenges and build a hospital that meets patient care standards while ensuring operational efficiency and financial sustainability.

      Checklists to run your hospital efficiently Saturday, 15th Feb 2025 02:30 PM to 05:30 PM Running a hospital efficiently requires meticulous planning and streamlined operations. This seminar will provide upcoming hospital owners with practical checklists to streamline your hospital operations, help you in compliance & accreditations, enhance patient safety, and improve overall efficiency. Learn practical strategies for implementing checklists in key areas like staff management, compliance, and quality assurance. Empower your team with tools to deliver exceptional care while reducing errors and optimizing workflows.

      Digital Marketing for Hospitals Sunday, 16th Feb 2025 11:30 AM to 01:30 PM In today's digital era, effective marketing is key to a hospital's success. This seminar will equip upcoming hospital owners with practical strategies to leverage digital platforms for building their brand, engaging with patients, and driving growth. From optimizing social media and managing online reputation to utilizing SEO and running targeted ad campaigns, attendees will learn actionable techniques to make their hospital stand out in a competitive healthcare market.

      Survival Strategies for small & medium hospitals Sunday, 16th Feb 2025 02:30 PM to 5:30 PM Small and medium hospitals face unique challenges in a competitive healthcare landscape especially from large hospitals. This seminar will provide practical survival strategies, including cost optimization, building strong community ties, leveraging technology for efficiency, and delivering patient-centered care. Attendees will gain actionable insights to improve financial stability, enhance operational effectiveness, and ensure long-term sustainability and growth.

      Designing and Managing Cost Effective OTs Monday, 17th Feb 2025 11:00 AM to 01:30 PM Operating theaters (OTs) are the heart of any hospital, and designing them cost-effectively without compromising quality is crucial. This seminar will guide upcoming hospital owners on optimizing OT layouts, selecting the right equipment, ensuring compliance with safety standards, and managing operational costs efficiently. Attendees will learn practical approaches to create OTs that balance functionality, patient safety, and financial sustainability.

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

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