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    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    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
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    August 6, 2026
    Show AI Summary
    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
    Show AI Summary
    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
    Show AI Summary
    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
    Show AI Summary
    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
    Show AI Summary
    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
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    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
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    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      HIGHLIGHTS AT 9 PM

      February 24, 2025

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      New Delhi, Feb 24 (PTI) Following are the top stories at 9 pm: NATION CAL37 BH-PM-2NDLD RALLY

      RJD brought 'jungle raj' in Bihar; Lalu stole fodder, made vulgar remarks about Kumbh: PM Modi Bhagalpur: Prime Minister Narendra Modi on Monday slammed the RJD, BJP-led NDA's principal rival in Bihar, accusing it of ushering in "rule of jungle" while in power and charged its founding president Lalu Prasad with "theft of fodder" and "vulgar" remarks about Maha Kumbh.

      DEL66 JK-SHAH

      Want a Jammu and Kashmir where no life is lost due to terrorism: Amit Shah New Delhi: There is peace in Jammu and Kashmir and this peace has to be permanent, and the Narendra Modi government's aim is to make a Jammu and Kashmir where no life is lost due to terrorism, Union Home Minister Amit Shah said here on Monday.

      DEL55 PAR-PANEL-I-T-BILL

      Parliament panel examining I-T Bill holds first meeting New Delhi: The Finance Ministry on Monday briefed the members of a Select Committee of Lok Sabha on various aspects of the Income Tax Bill as the panel headed by BJP MP Baijayant 'Jay' Panda held its first meeting.

      DEL59 CPI(M)-NOTE-POLITICAL RESOLUTION

      Modi government not neo-fascist, in spite of manifestations of characteristics: CPI(M) New Delhi: Deviating from its usual practice, the CPI(M) has issued a note to its state units on the draft political resolution for the upcoming party congress. The note says the party does not consider the Narendra Modi government or the Indian State as "neo-fascist", even as there are manifestations of "neo-fascist characteristics".

      DEL67 BSF-PAK BORDER-TROOPS BSF mobilises more troops to units along Pak border in Punjab, Jammu; creates 9 'tactical' HQs

      New Delhi: The BSF has ordered mobilisation of additional manpower at posts along the India-Pakistan border in Punjab and Jammu as part of its measures to strengthen the anti-infiltration grid and check the intrusion of drones carrying ammunition or drugs, official sources said Monday.

      DEL68 MEA-JAISHANKAR-PEACEKEEPING

      India proud of its contributions to UN peacekeeping: EAM Jaishankar New Delhi: India will continue to contribute meaningfully to the cause of UN peacekeeping and it is committed to supporting Global South nations in building peacekeeping capacities, External Affairs Minister S Jaishankar said on Monday.

      DEL76 NIA-TN-RADICALISTAION

      NIA chargesheets man for radicalising youth, working towards establishing Islamic caliphate in India New Delhi: The National Investigation Agency (NIA) on Monday chargesheeted a man from Tamil Nadu for radicalising youth and working towards establishing Islamic caliphate in India, according to an official statement.

      BOM30 MH-FADNAVIS-OSDS

      Fadnavis approves 109 names as OSDs and PS to ministers; 'won't appoint fixers' Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Monday said he cleared 109 out of 125 names referred by cabinet ministers for their appointment as personal secretaries or OSDs but didn't approve others because they are either facing inquiries or known as "fixers".

      BOM32 GJ-CONG-AICC SESSION-GOHIL

      Gujarat to host AICC session after 64 years Ahmedabad: When the Congress holds its AICC session in Ahmedabad in April, it will only be the third time in the party's 139-year-old history that Gujarat will host this mega conclave with the last one held 64 years ago in 1961 in Bhavnagar.

      BOM33 MH-PAWAR

      Anyone with self-respect would've quit, says Pawar on Munde; slams Gorhe for 'Merc' comment Mumbai: Anyone with self-respect would have quit, NCP (SP) supremo Sharad Pawar said on Monday amid demands that Maharashtra minister Dhananjay Munde resign after his close aide was held in a case that has made national headlines.

      BOM37 MH-LD-ALLAHBADIA

      India's Got Latent show row: Maharashtra Cyber questions Ranveer Allahbadia for around 5 hours Mumbai: Maharashtra Cyber officials questioned YouTubers Ranveer Allahbadia and Ashish Chanchlani for around five hours on Monday in connection with India's Got Latent show controversy after they appeared before the agency to record their statements, officials said.

      CAL38 AS-PM-SUMMIT-EXHIBITION

      PM to inaugurate biz summit exhibition with focus on Assam’s strengths, potential Guwahati: From Assam’s traditional textile industry, tourism potential to futuristic semiconductor units, the state’s traditional strengths and future potential will be on display at an exhibition to be inaugurated by Prime Minister Narendra Modi on Monday, as part of a business summit here.

      CAL42 WB-DOCS-LD MAMATA

      Mamata hikes salary of govt doctors, seeks strict punishment for RG Kar case culprit Kolkata: West Bengal Chief Minister Mamata Banerjee on Monday announced a salary hike for government doctors in the range of Rs 10,000 to Rs 15,000.

      MDS24 TL-TUNNEL-LD ALL

      Telangana tunnel collapse: Rescue ops continue while hope for survival of 8 trapped persons dims Hyderabad: After being trapped for over two days under debris and muck, the chances of survival of the eight persons in the SLBC tunnel following a partial collapse appear bleak, even as every effort is made to reach them.

      MDS23 KA-KUMARASWAMY-MUDA

      Lokayukta report on MUDA scam manipulated for CM Siddaramaiah''s convenience: Kumaraswamy Mysuru: Accusing Chief Minister Siddaramaiah of orchestrating the Lokayukta report to suit his convenience, Union Minister H D Kumaraswamy on Monday took a jibe at the Lokayukta, stating that the institution itself needs "divine protection" after it submitted a 'B Report' (one that gives clean chit) to the court regarding the first four accused in the MUDA scam case.

      LEGAL LGD14 GREEN-MAHAKUMBH-OPEN DEPECATION

      Plea on open defecation at Mahakumbh: NGT asks petitioner for supporting evidence New Delhi: The National Green Tribunal on Monday directed the petitioner to provide to the UP pollution body the supporting material to substantiate the allegations on open defecation at Mahakumbh in Prayagraj owing to the absence of functional or clean bio-toilets.

      LGD16 SC-ANTI-HIV DRUGS

      SC seeks replies from Centre, states over procurement, quality of HIV drugs New Delhi: The Supreme Court on Monday asked the Centre and the states to file their responses over the quality of anti-retroviral therapy drugs for treating HIV patients in the country.

      LGD19 SC-MENTAL HEALTH

      SC seeks info from Centre on central, state mental health facilities New Delhi: The Supreme Court has directed the Centre to inform it about the establishment and functioning of the Central Mental Health Authority, State Mental Health Authority and Mental Health Review Board.

      LGD23 SC-MISLEADING ADVERTISEMENTS

      Machinery for citizens to flag misleading ads needed: SC New Delhi: The Supreme Court on Monday underscored the importance of creating a mechanism for citizens to file complaints on misleading advertisements.

      LGD26 SC-SUB-CASTES-NOMENCLATURE

      Can caste certificate nomenclature be modified sans jeopardising rights? SC asks Centre New Delhi: The Supreme Court on Monday asked the Centre to consider changing the nomenclature but retain the character of rights of persons from the scheduled caste category to avoid using certain terms in the caste certificates issued to them.

      FOREIGN FES7 PAK-AZERBAIJAN-GWADAR

      CPEC's Gwadar Port may emerge as key trade hub for Pak, Azerbaijan as both explore deeper ties Islamabad: Gwadar Port, a key project of the China-Pakistan Economic Corridor (CPEC), could emerge as a key trade hub for Pakistan and Azerbaijan as the two countries explore deeper connectivity and infrastructure collaboration, according to a media report on Monday.

      FES8 PAK-INDIA-HINDUS

      Over 100 Hindu pilgrims from India arrive in Pak to attend religious festivities at Katas Raj temples Lahore: Over 100 Hindu pilgrims from India arrived in Lahore on Monday to attend religious festivities at Shri Katas Raj temples in Pakistan's Punjab province, an official said.

      PTI ARI ARI ARI

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