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    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
    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
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    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
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    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
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    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
    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.
    August 5, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      HIGHLIGHTS

      March 13, 2025

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      New Delhi, Mar 13 (PTI) Following are the top stories at 5 pm: NATION MDS7 TN-RUPEE-LD LOGO

      TN govt replaces Rupee symbol in budget logo with Tamil letter, draws BJP's ire Chennai: Amid the burning language row in Tamil Nadu, the state government has replaced the Indian rupee symbol with a Tamil letter in its logo for the budget 2025-26, which will be tabled in the state Assembly on Friday.

      DEL25 ED-GOLD SMUGGLING-LD RAIDS

      ED conducts raids in gold smuggling case involving Karnataka actor, others Bengaluru: The Enforcement Directorate on Thursday raided multiple locations in Bengaluru and some other places as part of a money laundering probe linked to probe "larger conspiracy" into an alleged gold smuggling racket in which an actor was recently arrested by the DRI in Karnataka, official sources said.

      DEL20 DL-BRITISH WOMAN-3RDLD RAPE

      British woman raped, molested in Delhi hotel; two arrested New Delhi: A British woman was allegedly raped and molested by two men at a hotel in Delhi's Mahipalpur area, a police official said on Thursday.

      DEL16 SPACE-SPADEX

      ISRO achieves de-docking of SpaDeX satellites New Delhi: ISRO on Thursday said it has accomplished de-docking of the SpaDeX satellites, clearing the way for future missions such as exploring the moon, human spaceflight, and building its own space station.

      DEL13 PAR-PANEL-YAMUNA

      Pollution: Parliamentary Panel says 23 Yamuna sites fail water quality test New Delhi: A parliamentary panel has said the Yamuna river's capacity to sustain life have been found to be almost non-existent in the Delhi stretch, noting that 23 out of the 33 monitored sites, including six in the national capital, failed to meet primary water quality standards.

      BOM10 GA-MINERALS-EXPLORATION LICENCE

      Govt launches India's 1st exploration licence auction for critical minerals Panaji: Union Coal and Mines Minister G Kishan Reddy on Thursday launched nation's first-ever auction of Exploration Licences (ELs) for 13 exploration blocks for critical minerals.

      DEL15 UP-SAMBHAL MOSQUE ASI

      Whitewashing of Shahi Jama Masjid in Sambhal: ASI team conducts assessment Sambhal, Mar 13 (UP) An Archaeological Survey of India (ASI) team on Thursday carried out measurements and assessments ahead of the planned whitewashing and renovation work of the Shahi Jama Masjid, officials said.

      DEL39 KARAT-INTERVIEW-INDO US

      Nuclear deal with US led to strategic ties that put India in 'bind' today: Prakash Kara New Delhi: The 2008 nuclear deal with the US, which the Left had vehemently opposed, became a cementing factor for a deeper strategic alliance between the two countries and Donald Trump's presidency has now put India in a "bind", CPI(M) leader Prakash Karat said on Thursday, as he called for improving relations with China as a balancing factor. By Anjali Ojha

      DEL27 PAR PANEL-WATER PROJECTS

      Parliamentary panel flags poor fund use for water projects, seeks better utilisation New Delhi: Voicing concern over poor utilisation of funds, a parliamentary panel has said the Department of Water Resource, River Development and Ganga Rejuvenation, utilised only around 58 per cent of the revised allocation of Rs 21,640.88 crore for 2024-25 by the end of December 2024.

      DEL23 HEALTH-DL-LD AYUSHMAN BHARAT

      Preparations in place for implementation of Ayushman Bharat insurance scheme in Delhi New Delhi: The Delhi government is all set to sign an MoU with the National Health Authority for the implementation of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), official sources said on Thursday.

      DEL26 BOOK-HOLI-HAJ TRAIN HALTED

      Before Sambhal: When a train was halted for Holi and Haj pilgrims New Delhi: It was Holi of 1999, the very day Haj pilgrims were to take a train from Uttar Pradesh’s communally sensitive town of Mau to Delhi. The situation was fraught - till the administration imposed prohibitory orders to temporarily stop the train so the pilgrims in white didn’t come face to face with the drenched in colour revellers. By Neelabh Srivastava

      DEL38 IIT-SUICIDE-LD PREVENTION

      Morning walks with faculty, mandatory counselling: IIT-Guwahati's plan to prevent student suicides New Delhi: Ice-breaking sessions for freshers during their first week on campus, morning walks with faculty members, mandatory counselling sessions and comprehensive medical check-ups, and stress escape room workshops are part of IIT-Guwahati's plan to ensure students' mental wellbeing and prevent suicides. By Gunjan Sharma

      BOM7 MP-LD ACCIDENT

      7 killed as gas tanker collides with 2 vehicles in MP's Dhar Dhar (MP): Seven persons were killed and three injured after a gas tanker collided with a car and a jeep in Madhya Pradesh's Dhar district, police said on Thursday.

      BOM5 MH-COUNCIL-EXAMS-MARATHI

      MPSC exams to be conducted in Marathi: CM Fadnavis Mumbai: All competitive examinations conducted through the Maharashtra Public Service Commission (MPSC) will be held in Marathi, Chief Minister Devendra Fadnavis has said.

      LEGAL LGD2 DL-HC-NAVAL-UAPA

      Delhi HC refuses bail to UAE bizman accused of terror funding New Delhi: The Delhi High Court has dismissed the bail plea of a UAE-based businessman booked under the Unlawful Activities (Prevention) Act for allegedly funding the unrest in the Kashmir valley.

      LGD1 UP-HC-TECHIE SUICIDE

      Techie suicide case: HC refuses to interfere with FIR lodged against wife, in-laws Prayagraj (UP): In a suicide abetment case of an IT executive, the Allahabad High Court has refused to interfere with the FIR lodged against his wife and in-laws in Agra.

      FOREIGN FGN27 PAK-IMRAN

      Stability not possible until govt based on public trust is established in Pakistan: Imran Khan Lahore: Pakistan's jailed former prime minister Imran Khan has said that stability will not be possible until a government based on public trust is established across the country, including in Balochistan. By M Zulqernain

      FGN15 SA-G20-LD TRADE

      South Africa to host first G20 trade and investment meeting Johannesburg: South Africa will host the the first G20 Trade and Investment Working Group (TIWG) meeting under its presidency from March 18 to March 20, the Department of Trade, Industry and Competition (DTIC) announced here on Wednesday. By Fakir Hassen

      FGN7 UN-GUTERRES-TRADE

      All will lose: UN chief warns amidst growing global trade war United Nations: UN Secretary General Antonio Guterres has warned that "all will lose" when countries get into trade wars, against the backdrop of tariff wars unleashed by the Trump administration. By Yoshita Singh

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