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    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
    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
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    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
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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
    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
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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
    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.
    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Celebrating Women’s Empowerment in India: A Catalyst for Business Growth and Innovation

      March 8, 2025

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      As the world celebrates International Women’s Day, India stands at the forefront of a transformative era in women’s empowerment. From boardrooms to grassroots startups, Indian women are reshaping industries, driving innovation, and contributing significantly to the nation’s economic growth by creating opportunities. The journey of women’s empowerment in India has evolved remarkably, shifting from mere awareness to active participation in leadership, entrepreneurship, and business growth.

      The Evolution of Women’s Empowerment in India Women’s empowerment in India has seen a significant transformation over few decades. The initiatives by society, companies and government such as Beti Bachao Beti Padhao, Start-Up India, and Ujjwala Yojana have played a crucial role in promoting education, financial independence, and entrepreneurship among women. Additionally, corporate policies advocating diversity and inclusivity have further propelled women into leadership roles, ensuring equal opportunities for growth and success.

      Business Growth & Leadership Women-led businesses are becoming a driving force behind India’s economic progress. Studies indicate that companies with diverse leadership perform better, driving higher revenue and profitability. As more women enter the workforce and take on leadership positions, businesses are experiencing increased creativity, better decision-making, and enhanced corporate governance. From startups to large enterprises, women are breaking barriers and proving that gender diversity is not just a moral imperative but also a business advantage.

      Women-Led Companies: A Rising Force India is witnessing a surge in women-led startups, contributing significantly to job creation and economic expansion. Entrepreneurs like Well Known Companies & Shark Tank Celebs • Falguni Nayar (Nykaa), • Vineeta Singh (Sugar Cosmetics) • Ghazal Alagh (Mamaearth) • Namita Thapar (Emcure) • Manymore…..

      Start-ups • Anoushka Jolly (Founder, Kavach - Anti-Bullying Squad): Anoushka Jolly launched a social movement to combat bullying and give a forum for students and parents to anonymously report incidents. With the cooperation of educational institutions, social organisations, and professionals, the 'Anti Bullying Squad (ABS)' has positively touched thousands of students, schools and universities.

      • Simran Khara (Founder, Koparo Clean) with a vision to make a cleaning product that is eco-friendly, pet-safe and child-safe, mompreneur Simran Khara started Koparo Clean in 2020. Simran’s professional experience of 15 years and how she has managed to keep the price attractive compared to her competitors left the judges awe-struck. Koparo Clean which was featured in Season 3 and got an investment of Rs. 70 lakhs for 1% equity from Aman Gupta and Vineeta Singh.

      • Parul Gulati (Founder, Nish Hair) In a country obsessed with having long hair, we have a brand named Nish Hair that came on Season 2. It was Founded in 2017 by Parul Gulati, an actress by profession, out of her deep passion and love for her own long-lasting hair. She went on to create a brand that sells scalp line hair toppers. Nish Hair’s colour stands are popular among Gen-Z.

      • Gauri Varma (Founder, Confect) The company mainly provides decorative items for cakes and bakeries. Her journey from being a young girl in Delhi, underestimated by her own family, to founding a crore-worth brand is nothing short of remarkable. Today, Gauri Varma stands as an inspiration for aspiring entrepreneurs. She is a self-made entrepreneur.

      • Karishma Kewalramani (Founder, FAE Beauty): In 2017, Karishma moved back to India from the United States, where she had been working after studying at the University of California, Berkeley. Soon after, she started FAE Beauty, an inclusive beauty brand. The fourth season of Shark Tank India kicked off with three exciting pitches, ranging from intense to inspiring. Karishma’s pitch for FAE Beauty fell into the inspiring category.

      • Radhika Rajpal (Founder, Patch Up): In 2024, Radhika started Patch Up Health to offer a new way to get essential nutrients. Instead of taking supplements by mouth, she introduced nutrient patches that work through the skin. When we take vitamins as pills or gummies, they go through the stomach and digestive system, where acids and enzymes break them down. This can reduce how much the body actually absorbs, leading to quick highs and sudden drops in nutrient levels.

      • Faiza TM (Founder of GrunX & INBAE ): a Dubai-based startup fueled by her passion for women empowerment and her strong belief in the Indian market. With a vision to provide Indian customers with premium mobile accessories experience and fast-charging solutions, GrunX quickly gained momentum. Within just a few months, the company surpassed ₹3 crore in revenue and created over 20 full-time jobs. Since then, it has continued on an impressive 2x growth trajectory.

      Faiza remains dedicated to exceptional customer experience, operational efficiency, and automation, ensuring a seamless and elevated shopping experience for Indian customers.

      GrunX cater to the needs of Gen Z and tech-savvy customers who prioritize convenience and style. The reviews and customer feedback also highlights a commitment to customer satisfaction. They are partner with well-known companies like ShipRocket and Easebuzz to enhance customer experience added touch of excellent customer support team.

      The combination of premium products and customer-centric approaches makes GrunX.in & inbae.in a standout choice in the mobile accessories market and 4 in 1 fast charging solutions and data transfer cables with 12 months warranty, especially for those who value premium quality and innovative products.

      Prominent Women Empowerment Initiatives in India India has numerous initiatives that promote women’s empowerment across various sectors: • Self-Employed Women’s Association (SEWA): Empowering women in the informal sector through self-reliance and skill development.

      • Women Entrepreneurship Platform (WEP): A NITI Aayog initiative providing mentorship and funding support for women entrepreneurs.

      • Mahila E-Haat: A digital marketing platform for women entrepreneurs to showcase their products.

      • SHE STEM: Encouraging women in STEM (Science, Technology, Engineering, and Mathematics) fields.

      • MUDRA Yojana: Providing financial support to women-led startups and businesses.

      • Shark Tank: This television program not just fostering women entrepreneurs across various industries but also fueling the entrepreneurial spirit in India. By providing a platform for innovation and business growth, it has gained immense appreciation from Indians, inspiring countless aspiring founders to chase their dreams.

      Conclusion As India continues its journey toward gender inclusivity, women’s empowerment remains a crucial driver of progress. From startups to corporate leadership, Indian women are making their mark and inspiring future generations. Women entrepreneurs face unique challenges—they must break stereotypes and overcome societal barriers, all while managing their businesses, families, and personal responsibilities. As we strive to elevate India’s economy, we recognize the incredible women who are already leading teams and driving change. But we need even more trailblazers to step forward.

      This International Women’s Day, let’s celebrate the strength, resilience, and success of the women shaping our nation’s future! (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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