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    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
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    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
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    Rupee gains 9 paise against US dollar
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    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
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    Rupee falls 3 paise to close at 95.40 against US dollar
    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
    India's Market Opportunity is Growing, and the Trade is Taking Notice
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    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.
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    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.
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    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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    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.
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
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    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.

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      PATWA International Travel Awards at ITB, Berlin Announced

      March 6, 2025

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      Berlin, Germany (NewsVoir) The Pacific Area Travel Writers Association (PATWA) has announced the winners of the coveted PATWA International Travel Awards 2025 at an impressive award ceremony at ITB, Berlin which is the world’s biggest travel fair.

      The event was graced by tourism ministers of ten countries, ambassadors, the leadership of various hotels, airlines, destinations, industry stalwarts and international media.

      It was preceded by the PATWA World Tourism & Aviation Leaders’ Summit on ‘AI & Sustainable Tourism’. The summit had a spectacular line up of seven speakers, more specifically tourism ministers of St. Kitts & Nevis, Saint Vincent & the Grenadines, Nepal, South Africa and Dr. Istvan Ujhelyi, UN Tourism Ambassador to the EU, Dr. Alain St. Ange, former tourism minister of Seychelles and candidate for the post of President, and Harry Theoharis, former tourism minister of Greece and a front runner candidate for the post of Secretary General of UN Tourism. The speakers emphasized on the role of AI in ensuring tourism is sustainable.

      PATWA Secretary General, Yatan Ahluwalia opened the summit saying, ‘AI-driven insights have the power to pave the way for a greener tomorrow, transforming tourism into a force for sustainability’.

      PATWA International Travel Awards The PATWA International travel awards have been instituted independently and are now in their 25th year. They have a stringent selection and nomination process and have earned a reputation as the first and foremost awards of the travel, tourism, aviation, and hospitality industry.

      The awards recognise governments, organisations, brands, ministers, and individuals who have excelled in the promotion of tourism. This includes airlines, hotels, travel agencies, tour operators, destinations, government bodies, tourism ministries, and other service provider(s) related directly or indirectly with the trade.

      Quotes On The Awards Yatan Ahluwalia, Secretary General “The jury’s focus this year has been on the Caribbean region, besides South America, Europe and India. Sustainability was a key factor for our selection”.

      Pulkit Sharma, Director Operations & Features Editor “Besides recognising destinations, hotels, airlines, organisations and individuals, our excellence in governance category included awards for 9 tourism ministers from around the globe who made who have made an impact with their policies and governance.” The 2025 winners: DESTINATIONS 1. DESTINATION OF THE YEAR - ROMANCE JAMAICA 2. DESTINATION OF THE YEAR – NATURAL ATTRACTIONS THE CO-OPERATIVE REPUBLIC OF GUYANA 3. DESTINATION OF THE YEAR- SCENIC BEAUTY & HISTORIC SITES ITALY 4. DESTINATION OF THE YEAR – MARINE TOURISM NASSAU AND PARADISE ISLAND 5. DESTINATION OF THE YEAR – EXPERIENCES THE FEDERATIVE REPUBLIC OF BRASIL 6. DESTINATION OF THE YEAR – ECO ADVENTURES ST. VINCENT AND THE GRENADINES 7. DESTINATION OF THE YEAR – HIDDEN TREASURES ST. KITTS AND NEVIS 8. DESTINATION OF THE YEAR – ROYAL EXPERIENCES RAJASThan 9. DESTINATION OF THE YEAR - ADVENTURE TOURISM REPUBLIC OF ARMENIA 10. DESTINATION OF THE YEAR – INDIA GOA AIRLINES 1. BEST REGIONAL AIRLINE- ITALY AEROITALIA 2. AIRLINE OF THE YEAR - INDIAN OCEAN REGION AIR SEYCHELLES HOSPITALITY 1. BEST HOTEL CHAIN BUSINESS – NEW DELHI LE MERIDIEN, NEW DELHI 2. BEST NATURE RESORTS – INDIA AYATANA RESORTS 3. BEST EMERGING HOTEL CHAIN- INDIA GRT HOTELS & RESORTS 4. BEST VENUE MEETINGS & CONFERENCES – CARIBBEAN MONTEGO BAY CONVENTION CENTRE, JAMAICA 5. BEST HOTEL CHAIN- LUXURY EXPERIENCES TAJ HOTELS ORGANISATIONAL EXCELLENCE 1. BEST ORGANISATION REGIONAL TOURISM CARIBBEAN TOURISM ORGANISATION INDIVIDUAL EXCELLENCE 1. BEST PROFESSIONAL HOSPITALITY – INDIA ABHINASH MANGHANI 2. BEST PROFESSIONAL- HOSPITALITY GROWTH – INDIA VIKRAM COTAH 3. BEST PROFESSIONAL- HOSPITALITY OPERATIONS – INDIA ASHOK RATHORE 4. BEST PROFESSIONAL HOSPITALITY OPERATIONS – DUBAI SAURABH TIWARI 5. PATWA GOLD AWARD HOSPITALITY INNOVATION – INDIA VISHAL VINCENT TONY 6. PATWA GOLD AWARD WOMEN IN HOSPITALITY MANAGEMENT – INDIA MEENA BHATIA 7. PATWA GOLD AWARD HOSPITALITY MANAGEMENT – INDIA ROHIT KHOSLA 8. PATWA GOLD AWARD HOSPITALITY DEVELOPMENT – INDIA PRABHAT VERMA 9. PATWA GOLD AWARD MICE & DESTINATION MANAGEMENT– SOUTHEAST ASIA NOREDAH OTHMAN 10. PATWA GOLD AWARD HOSPITALITY OPERATIONS – CARIBBEAN MUREEN JAMES 11. PATWA GOLD AWARD - DESTINATION MANAGEMENT – CARIBBEAN JOY JIBRILU 12. PATWA GOLD AWARD TOURISM DEVELOPMENT – CARIBBEAN DONA REGIS – PROSPER 13. PATWA GOLD AWARD - EXCELLENCE IN AVIATION LEADERSHIP – EUROPE GAETANO INTRIERI 14. PATWA GOLD AWARD- EXCELLENCE IN AVIATION LEADERSHIP – INDIAN OCEAN REGION SANDY BENOITON 15. PATWA GOLD AWARD- TOURISM DR. ISTVÁN UJHELYI 16. PATWA GOLD AWARD - LIFETIME ACHIEVEMENT – TOURISM DR. ALAIN ST. ANGE 17. PERSON OF THE YEAR – TOURISM HARRY THEOHARIS EXCELLENCE IN GOVERNANCE This exclusive award category recognises the work done by countries, states, provinces, regions, districts and cities through and by their elected representatives to promote sustainable travel with policies, guidelines, and incentives for their destinations and the hospitality, aviation, and tourism sectors.

      The awards are given to governments including, but not limited to, ministers, governors, parliamentarians, and mayors. PATWA is the first organisation to have awards dedicated to excellence in governance on a regional, national and international level.

      The winners in this category included: 1. TOURISM MINISTER OF THE YEAR H.E. CELSO SABINO DE OLIVEIRA, BRASIL 2. TOURISM MINISTER OF THE YEAR – HIMALAYAN REGION H.E. BADRI PRASAD PANDEY, NEPAL 3. WOMAN TOURISM MINISTER OF THE YEAR – CARIBBEAN H.E. MARSHA T. HENDERSON, ST. KITTS AND NEVIS 4. WOMAN TOURISM MINISTER OF THE YEAR – INDIA H.E. DIYA KUMARI, RAJASTHAN 5. TOURISM MINISTER OF THE YEAR – INDIA H.E. ROHAN KHAUNTE, GOA 6. TOURISM MINISTER OF THE YEAR – INNOVATION H.E. EDMUND BARTLETT, JAMAICA 7. TOURISM MINISTER OF THE YEAR - ECOLOGICAL TOURISM H.E ONEIDGE WALROND, CO-OPERATIVE REPUBLIC OF GUYANA 8. TOURISM MINISTER OF THE YEAR – SUSTAINABLE TOURISM H.E. CARLOS JAMES, SAINT VINCENT AND THE GRENADINES 9. TOURISM MINISTER OF THE YEAR – INFRASTRUCTURE DEVELOPMENT H.E. PATRICIA DE LILLE, SOUTH AFRICA About PATWA The Pacific Area Travel Writers Association (PATWA) is a non-profit, non-government, professional, international media organisation founded in 1999. Our founding philosophy is to support the sustainable development and growth of destinations, travel, tourism, hospitality, aviation (airlines and airports), transportation (cruise liners and rail), online travel platforms, travel technology, and allied service providers, worldwide. PATWA has over 5,000 members globally.

      PATWA works with governments, organisations and companies in both the public and private sectors. PATWA adheres to the fundamental principles of the United Nations Educational, Scientific and Cultural Organization (UNESCO), the United Nations (UN), and UN Tourism.

      PATWA is an Affiliate Member of UN Tourism.

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

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