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    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
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    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
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    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
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    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
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    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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    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
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
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    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
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    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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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.

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      Homemakers to changemakers: Women entrepreneurs help empower rural Bihar against climate challenges

      February 23, 2025

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      Muzaffarpur (Bihar), Feb 23 (PTI) In the heart of rural Bihar, where groundwater depletion, extreme heat and erratic weather have caused havoc for farmers, a quiet transformation is underway.

      A group of women, once confined to their homes despite their education, have emerged as agri-entrepreneurs, transforming not only their own lives but also helping their communities adapt to the growing threats of climate change.

      Each agri-entrepreneur (AE) works with at least 150-200 small and marginal farmers, who are hit the most by these worsening climate challenges. They provide solutions to farmers on irrigation, provide climate-resilient seeds, help out with crop diversification, and act as a helpdesk for digital work—essentially a one-stop centre for all problems they may encounter.

      Their remuneration is proportional to the range of services they provide farmers within a panchayat.

      Soni Kumari from Hajipur, for instance, began her journey as an agri-entrepreneur last year by registering a farmer for a farmer card. She then prepared a detailed business proposal based on the farmer's profile—his social indicators, finances and cropping patterns.

      She then entered the farmer's requirements into a Management Information System, creating a database of her customers to understand demand and create a business plan for her enterprise.

      Once a homemaker, Soni who is a science graduate said she never imagined she would one day be at the forefront of promoting sustainable farming practices.

      "I opened a shop with a micro-financing loan, where I stock everything from climate-resilient seeds to organic manure and fertilisers. We even have a drone for irrigation," Soni said.

      The drone technology Soni uses has been a game-changer for her, she added.

      It sprays water evenly across fields, ensuring efficient water use and reducing labour costs. "We can irrigate one acre of land in just 5-7 minutes at Rs 300-500. Without the drone, this task would take 3-4 hours and labour costs would have been much higher," she said.

      But drones are a big investment for the community as the battery lasts only 10-15 minutes per charge and replacing a battery would cost around Rs 90,000, she added.

      Soni's journey is part of a larger movement supported by JEEVIKA, a state-level women's socioeconomic empowerment programme, that provided her with the initial training.

      So far, 5,178 AEs are providing services to more than 8 lakh farmers and covering 2,21,000 acres of land, according to official data.

      They provide seeds, pesticides, fertilisers, farm equipment and offer services on nursery management, collective marketing and digital banking.

      The overall profit generated by the AEs to date is Rs 1.54 crore, said Abhishek Kumar, Programme Officer for Women's Economic Empowerment at Project Concern International India.

      Kumar who works closely with them said they serve a key function in spreading awareness about climate-resilient farming techniques.

      Chanchal Devi from Mushari, for instance, encourages farmers to grow water-efficient crops like palak, lal saag and cucumber.

      "Given the water shortage, we need crops that thrive with less water. I also teach farmers how to grow multiple crops together, like planting creepers alongside soil-intensive plants to save water and resources," Chanchal said.

      Sarita Kumari, a farmer who buys seeds and fertilisers from Chanchal's shop, explained that uncertain weather conditions have made farming a very unpredictable business so the presence of agri-entrepreneurs helps.

      "We earlier had to travel to the nearest town to buy seeds and there also we would get traditional seeds, not the climate-resilient ones. So it definitely helps. We have not used the drone irrigation a lot but it is becoming popular here," the farmer said.

      Most agri-entrepreneurs source their seeds from Dr Rajendra Prasad Central Agricultural University in Samastipur in Bihar.

      By diversifying crops and adopting water-saving techniques, farmers can reduce their vulnerability to climate shocks, said Avantika, a member of Syngenta Foundation India, which works with the women entrepreneurs.

      To help farmers cope with the economic impacts of climate change, the women are also promoting the planting of high-value cash crops, she said.

      Crops such as capsicum, cauliflower, broccoli, and chillies are grown using high-yielding seeds, enabling farmers to fetch better prices in the market.

      The use of polyhouses has also been encouraged, allowing farmers to grow crops in controlled environments and increase yields, she added.

      Every agri-entrepreneur has her own set of specialities.

      Like Shoba Devi from Motipur who has been advocating for the use of organic fertilisers. "We've started using organic fertilisers and are slowly educating others about their benefits," she said.

      Organic farming not only reduces reliance on chemical inputs but also improves soil health, making it more resilient to climate change.

      Shoba said her efforts have inspired many in her community to shift towards organic practices. "It's a slow process but effective, especially as the effects of climate change become more apparent. Farmers are willing to learn," she said.

      "We're earning extra income, up to Rs 1-1.5 lakh per year," Shoba said.

      The impact of their work is evident in their communities. Soni, for instance, now serves over 500 farmers in her area.

      The JEEVIKA programme is being executed in 13 districts of Bihar— Nalanda, Patna, Bhojpur, Vaishali, Muzaffarpur, Samastipur, East Champaran, Saharsa, Purnia, Kishanganj, Katihar, Khagaria, and Begusarai—and is solely managed by the agri-entrepreneurs themselves.

      Bihar, like many parts of India, has increasingly become vulnerable to the impact of climate change with erratic rainfall, prolonged droughts, and unpredictable weather patterns making farming more challenging than ever, particularly for small and marginal farmers whose livelihoods and food security are at risk.

      However, some challenges remain—the high cost of technology such as drone batteries and the need for more widespread awareness about sustainable practices.

      Women who spoke to PTI said they are planning to expand their business further and involve more women with them.

      "I never thought I'd be doing something like this—helping farmers, using drones, running a shop. But now, when I see how much easier it is for farmers to irrigate their fields or grow better crops, I feel proud. I now plan to involve more women to be part of this," said Chanchal. PTI UZM SKY SKY

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