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    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    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
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    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    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
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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
    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
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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.

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      WHO Prequalification - exploring opportunities and challenges to Indian IVD manufacturers

      February 11, 2025

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      Mitigating diseases which have significant societal impact starts with an early and accurate diagnosis. Ensuring access to safe, appropriate and affordable in-vitro diagnostics (IVDs) is a key step in improving treatment and reducing disease transmissions and associated deaths.

      The diagnosis and mitigation of diseases plaguing underdeveloped countries are largely overlooked by the developed world. This challenge offers a unique opportunity for Indian IVD manufacturers to step up and enter international markets by leveraging the prequalification process for in vitro diagnostic products (IVDs) offered by the World Health Organization.

      What is WHO Prequalification (WHO PQ) of IVDs Prequalification of in-vitro diagnostic devices was launched in 2010 by WHO and the process ensures a pool of prequalified suppliers who offer good quality IVDs to United Nations agencies such as WHO, UNICEF, UNDP and UNFPA as well as to procurement agencies in member states of WHO. WHO PQ aims to promote and facilitate access to safe, appropriate and affordable in vitro diagnostics of good quality equitably. The focus is on IVDs for priority diseases that are appropriate for use in resource-limited settings A Unique Opportunity for Original IVD Manufacturers to Dominate Global Market Share with WHO PQ Mr. Sinto Poulose, an IVD kit manufacturing and regulatory expert from IQZYME Medtech Pvt Ltd explains that WHO prequalification is a unique opportunity for Indian IVD manufacturers to elevate their products to international quality standards. "Only legal or original manufacturers of IVDs that are already commercially available in the market are eligible for the WHO prequalification process," he explains.

      Since rebranded and Original Equipment Manufacturer (OEM) products are not accepted for WHO prequalification, indigenous IVD manufacturers in India have a distinct advantage in successfully qualifying their products.

      However, Mr. Sinto Poulose cautions that navigating the WHO prequalification process is a complex and demanding task, requiring significant investments of time, finances, and resources.

      Challenges Faced by IVD Manufacturers in Acquiring WHO Prequalification (WHO PQ) Approval.

      The stringent assessment process and the significant initial and recurring costs associated with WHO prequalification pose major challenges for many indigenous manufacturers in Asia and Africa.

      Indian IVD manufacturers, despite having access to high-quality raw materials, advanced production equipment, and international quality compliance, often struggle to complete WHO PQ due to a poor understanding of the process. Even when their products meet all compliance requirements, qualifying the manufacturing facility remains a major challenge.

      Additionally, small and medium-sized manufacturers face difficulties in recruiting experienced professionals in regulatory and quality assurance, further hindering their growth and compliance efforts.

      Why Government Support is Essential for WHO Prequalification The biggest challenge for IVD manufacturers in entering the WHO prequalification process is the significant financial burden it imposes. For a single product undergoing full assessment, the WHO prequalification fee is US$ 17,000, while an abridged assessment costs US$ 8,000. In addition, costs incurred in analytical and clinical performance evaluations range between US$ 60,000 to 100,000.

      Schemes targeted to address specific challenges of the IVD industry would provide substantial benefits. Financial aid, subsidies, and partial reimbursement of costs related to WHO prequalification fees, product evaluations, and QMS certifications would empower Indian IVD manufacturers to expand into global markets.

      A Step-by-Step Guide to WHO Prequalification for IVD Manufacturers Manufacturers can successfully meet WHO prequalification requirements with the right guidance and meticulous planning, says Mrs Selma Siyavudeen, quality and regulatory expert from IQZYME Medtech Pvt Ltd. "Whether following the full assessment or abridged assessment route, implementing critical improvements in product quality is an absolute necessity, she emphasizes.

      Key Stages in WHO Prequalification The WHO prequalification process consists of three key stages: 1. Product Dossier Review - Manufacturers must submit a comprehensive dossier providing detailed evidence on product safety, performance, design and manufacturing.

      2. Laboratory Performance Evaluation - Upon dossier acceptance, an independent WHO-listed laboratory assesses the IVD’s performance and operational characteristics using publicly available standard evaluation protocols.

      3. Manufacturing Site Inspection – WHO conducts an on-site audit to verify compliance with ISO 13485:2016 and assess the manufacturer’s capability to reliably supply products to WHO member states.

      WHO Prequalification (WHO PQ) Assessment Process The WHO prequalification assessment follows two distinct routes (a) full assessment and (b) abridged assessment.

      For a full assessment, the manufacturer must undergo all the key stages of evaluation, including product dossier review, laboratory performance evaluation, and manufacturing site inspection.

      The abridged assessment option is available only for products that have already been rigorously evaluated by recognized regulatory agencies such as the European Union, Health Canada, the Therapeutic Goods Administration (Australia), the Ministry of Health, Labour and Welfare (Japan), and the U.S. Food and Drug Administration (FDA). In this route, the manufacturer submits an abridged product dossier, summarizing essential details about its Quality Management System (QMS), product design, performance, and manufacturing process. WHO then considers the existing evidence on performance evaluation, manufacturing site inspection, and labelling review as part of the assessment.

      Does CE Marking Help with WHO Prequalification? Mr. Soio George, an Ex EU Notified Body Auditor and IVDR regulatory expert from I3CGLOBAL Reghelps Pvt Ltd shares his perspective. "Yes, CE Marking under IVDR can support WHO Prequalification but it does not guarantee automatic approval. If a product has already undergone a rigorous evaluation by an EU Notified Body under IVDR 2017/746, it may qualify for an abridged WHO PQ assessment, reducing the need for extensive additional testing.

      However, WHO still requires manufacturers to demonstrate the product’s performance in relevant global health settings. Even with a CE-marked device, compliance with WHO-specific requirements remains essential for successful prequalification." Mr. Soio George further emphasizes that WHO Prequalification does not replace CE Marking, as IVDR has stricter regulatory requirements, particularly concerning clinical evidence and post-market surveillance (PMS) compliance. However, a WHO-prequalified product with strong performance data may support the clinical evidence needed for IVDR certification.

      Consultants for WHO PQ and IVDR CE Marking Navigating the stringent regulatory frameworks of WHO and the EU IVDR requires specialised and experienced professionals with a well-rounded exposure to production, quality, and regulatory affairs—an area where many manufacturers face significant challenges in finding suitable consultancy services In response to this growing need, I3CGLOBAL and IQZYME have entered a technical partnership to provide comprehensive regulatory support to manufacturers worldwide.

      With 25 years of EU and US FDA experience and a team of over 75 permanent employees, I3CGLOBAL brings extensive regulatory expertise. IQZYME, with its strong background in production and quality in the IVD segment, has over 50 permanent employees and a panel of experts, including former CDSCO and WHO auditors. This collaboration forms a robust alliance capable of supporting IVD manufacturers in India and across the globe.

      Through the I3CGLOBAL-IQZYME partnership, manufacturers will receive end-to-end assistance in key areas such as technical dossier preparation, risk assessment, performance evaluation, QMS implementation, and regulatory submissions, enabling them to successfully navigate global market approvals Conclusion The WHO Prequalification process enables IVD manufacturers to meet global standards and expand internationally. Manufacturers focused on quality and proper financial planning can benefit from the I3CGLOBAL-IQZYME partnership for faster WHO PQ and IVDR CE Marking approval (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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