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    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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    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
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
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    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.
    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.

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      Youth Innovators Leverage Cross-Border Collaboration to Solve Shared Challenges at Climate Hack 2024

      February 28, 2025

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      Nine out of the ten shortlisted teams at Pitch Day comprised members from different countries.

      New Delhi, Delhi, India & Singapore – Business Wire India Three cross-border teams emerged as winners at the Singapore International Foundation’s (SIF) Climate Hack 2024 Pitch Day recently, marking the finale of the five-month programme which began in September 2024. First launched in 2021, Climate Hack aims to equip individuals in Asia with digital skills to develop and accelerate tech-driven solutions for climate change.

      The winning teams were represented by 13 youths from India, Indonesia, Malaysia, Pakistan, and the Philippines. The winning ideas included strategic cross-sector partnerships to ensure scalability, personalised user experiences to address unique needs, and more cost-effective alternatives to existing solutions.

      More than 300 youths from 27 countries participated in the programme to develop climate solutions. They received training from leading industry experts in areas such as digital proficiencies, problem-solving skills, entrepreneurial thinking, and best practices in presenting and marketing their ideas. Nine out of the ten shortlisted teams comprised youths from different countries, reflecting the criticality of collaboration in addressing climate challenges.

      Ms. Manvitha Yalamanchili, a member of Sustainloop and a Climate Hack 2024 winner from India said: “When I first connected with my teammates from Malaysia and the Philippines, we found that we shared the same dream of creating meaningful impact in the climate space despite coming from different countries. That is what brought us together to form Sustainloop. Our team’s diverse backgrounds allowed us to gain insights from different industries, and I am thrilled to have found inspiring mentors in my teammates.” Mr Jaryll Chan, SIF Executive Director, Programmes Division, said: “Climate change affects every single one of us as we live in an interconnected world. At the SIF, we believe in driving collaborations to develop solutions for a better world.” Winning Teams Announced at Pitch Day of Climate Hack 2024 At Pitch Day, 10 shortlisted teams presented their tech-driven solutions to a panel of judges. They addressed environmental challenges in areas such as natural resource management, land use, transport, waste management, and ecological economics.

      Three winning teams were chosen based on their creativity, persuasiveness, teamwork, and the impact and feasibility of their solution. They are: 1. E-Connect (Indonesia, Malaysia, Pakistan, and the Philippines) 2. SustainIQ (Indonesia, Malaysia, Pakistan, and the Philippines) 3. Sustainloop (India, Malaysia, and the Philippines) Additionally, Ecovolve (Cambodia, Indonesia, and Singapore), received the People’s Choice Award. The award was based on voting on social media leading up to Pitch Day and by the live audience during the event.

      All four teams will visit Singapore in March this year to learn more about the Singapore Green Plan 2030 – a whole-of-nation movement to advance Singapore’s national agenda on sustainable development.

      Ms Carla Gomez Briones, Climate and Sustainability Specialist, United Nations Development Program Global Centre for Technology, Innovation, and Sustainable Development (Singapore) was one of the judges at Pitch Day. She shared: “The ingenuity and depth of thought demonstrated by the teams have been truly inspiring. From tackling diverse challenges like natural resource management to rethinking waste systems, these young changemakers have shown a remarkable ability to innovate with purpose and impact. Their solutions not only address urgent climate issues but also reflect the power of collaboration across borders to create a sustainable future.” Ms Sheena Joy Palcis, a member of E-Connect from the Philippines said: “Climate Hack has helped me gain insights on turning my climate-resilient ideas into action. Through the workshops, I gained skills to develop an impactful and practical solution. The feedback and resources that I received from our mentors and trainers also helped to ensure that our team’s solution remains relevant amidst a rapidly evolving global landscape. There is still much to be done in building a more sustainable society, but I am hopeful for a brighter future with all the youth-led innovations that were presented at Pitch Day!” Climate Hack 2024 was organised in collaboration with key partners Action for Change in Southeast Asia (ActSEA), Kidzstarter, and Temporary Local. It was supported by volunteer trainers and mentors from IT consultancy Cognizant, social impact organisation DataKind Singapore, and volunteering platform TheOneHourProject, as well as individual professionals who volunteered in their own capacity.

      Since 2021, Climate Hack has trained close to 1,000 youths from 24 countries across Asia. Collectively, the programme’s participants have developed 130 digital prototypes and solutions to address climate-related challenges.

      In 2021, Climate Hack received the World Bank Digital Skills Innovation Award in the Lifelong Learning category for its programme innovation in advancing digital proficiencies in Asia.

      About the Singapore International Foundation The Singapore International Foundation aims to build eco-systems to catalyse change for a better world. We bring together people from the public, private, and philanthropic sectors across countries to harness the collective strength that is needed to address shared environmental and social challenges. Our work is focused in the areas of climate, digital, education, health, justice, and youth. We believe that cross-boundary collaboration is critical to foster sustainable solutions in an interconnected world. Find out more at www.sif.org.sg About Action for Change in Southeast Asia Action for Change in Southeast Asia (ActSEA) (formerly WISE - WASH in Southeast Asia) is a regional non-profit organisation that contributes towards an equitable and sustainable Southeast Asia by nurturing leaders who are empowered to effect change and amplify impact. Registered in Indonesia and Singapore, and active in the Philippines and Cambodia, ActSEA builds local teams that promote autonomy, professional development, and personal well-being, through community-centred initiatives, programmes, and projects.

      Sector-agnostic, its path is driven by the aspiration and needs of the communities they work with. Thus, ActSEA has worked on different areas (public health, environment, livelihoods, education, gender, disaster response) and utilised different approaches (community development, behaviour change, research, advocacy, research, capacity building).

      About Kidzstarter Kidzstarter is an entrepreneurial educational network dedicated to providing programs and initiatives that: 1. Support youths in developing transferable skills to navigate and transition into the future of work.

      2. Help corporations attract and retain young talent through tailored solutions.

      Their vision is to empower, enable, and equip 500,000 agents of change by 2030 with the knowledge, skills, and mindset needed to navigate the future of work. Kidzstarter aims to cultivate a dynamic and inclusive environment where these leaders are prepared to thrive in an ever-evolving global landscape through our programs, approach, and mentorship.

      About Temporary Local Temporary Local is a community platform focused on helping individuals to thrive with their social purpose and make this world a better place with a strong community. Through supporting Social Enterprises and capacity building individuals to be an active citizen, Temporary Local strives to forge a community of mutually supportive collaborators. Temporary Local curates experiences and opportunities to bridge the skill and community gaps within social issues.

      To View the Image, Click on the Link Below: Three teams, comprising 13 youths from five countries, emerged as winners at the Climate Hack 2024 Pitch Day event on 22 February 2025.

      (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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