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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
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    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
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    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
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    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.
    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
    Show AI Summary
    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.
    August 4, 2026
    Show AI Summary
    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
    Show AI Summary
    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
    Show AI Summary
    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
    Show AI Summary
    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
    August 4, 2026
    Show AI Summary
    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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      Brick and Bolt Wins ‘The Most Trusted Tech-Enabled Construction Company’ Award

      March 19, 2025

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      Bengaluru (Karnataka) [India], March 19: Brick & Bolt, a leading tech-enabled construction company in India, is proud to announce that it has been awarded the prestigious ‘Most Trusted Tech-Enabled Construction Company’ award at the ETNOW Business Conclave & Awards 2025. This win is a testament to Brick & Bolt’s commitment to transforming the construction industry and bringing transparency, accountability, efficiency, and timely completion of quality projects, supervised and handled with utmost precision. By leveraging emerging tech solutions to address decades-old problems faced by homeowners, Brick & Bolt is not only curating a pathway for other players to follow but is also empowering homeowners by bringing in transparency and customer delight.

      As pioneers driving the shift from an unorganized to an organized sector, Brick & Bolt has been setting new standards for transparency, efficiency, and quality in the construction industry. Since its inception, the brand has already completed construction of a total of 7.54 million sq ft., and 7,000 happy customers across top-tier metros like Delhi, Gurgaon, Noida, Ghaziabad, Faridabad, Pune, Bangalore, Hyderabad, Chennai, and Mysore. Registering a consistent growth rate of 2X year on year, Brick & Bolt is now set to expand its presence across 25 cities and achieve a target of 35,000 units over the next five years.

      “We are honoured to be recognized as the ‘Most Trusted Tech-Enabled Construction Company’ by ETNOW,” said Mr. Jayesh Rajpurohit, Co-Founder and CEO of Brick & Bolt. “This award is a recognition of the entire team’s efforts and a motivation to drive a transformative change in the home construction sector. It reinforces our belief and empowers our mission to redefine the construction experience by addressing issues related to transparency, efficiency and timely completion of projects, without any compromise on quality - the main challenges that plot owners have faced for decades.” Adding to this, Arpit Rajpurohit, Co-Founder & CTO, noted, “Our commitment to leveraging technology allows us to offer homes that are not only innovative but also deliver exceptional comfort and efficiency. Our efforts to leverage machine learning for design and predictability, ensure homeowners can build their dream homes without delays, compromises, or hassles This award is a testament to our efforts and rigorous research of the highest standards.” The ETNOW Business Conclave & Awards 2025 brings together top industry leaders, innovators, and visionaries to celebrate excellence in business across various sectors. Brick & Bolt’s recognition as the ‘Most Trusted Tech-Enabled Construction Company’ further solidifies its position as a leader in the construction tech space.

      Founded in 2018 Brick & Bolt is driving an innovative Build-Your-Home approach that has customer experience at its core. Headquartered in Bengaluru, Brick & Bolt offers a comprehensive range of services for plot owners that include end-to-end project management, design, construction, and after-service support. This tech-enabled perspective has given Brick & Bolt a definite edge.

      Key Features of Brick & Bolt’s Success: • Unique Value Proposition: 6,000+ customisable floor plan options to help property owners build their own home/ office space • State of Art Tech-enabled operations: From design and execution to project completion, Brick & Bolt offers a complete solution for residential and commercial projects using 16+ applications for utmost customer satisfaction. This ensures world-class designs, project management and customer-oriented monitoring mechanisms for all our projects.

      • Money Safety: Brick & Bolt guarantees 100% money safety through the secure ESCROW Model for customers to ensure financial security • Absolute Transparency: Brick & Bolt uses AI-enabled solutions to ensure a transparent workflow that allows customers, construction partners and the management team to get real-time updates and interact, making the construction process highly transparent and efficient • Zero Delays: Daily tracking, automated task management and corrective measures in line with our Zero-tolerance approach towards delays make it yet another successful use of technology to bring efficiency and build trust • Assured Quality Control: Brick & Bolt maintains 3 levels of auditing with 470+ quality checks on every project through its trademarked Quality Assessment System (QASCON) for a transparent, quality superior construction experience • Team of experts: Brick & Bolt takes its commitment to quality and timely deliveries very seriously and their construction partners are the backbone of this system. A Brick & Bolt partner comes with a mandatory 10-plus years of industry experience. They also undergo strict scrutiny and thorough background checks before coming on board.

      Brick & Bolt continues to push the boundaries of innovation by integrating advanced technology into every stage of the construction process. With machine learning applied to over 6,000+ floor plans, the company has optimized critical design elements such as room sizing, Vastu compliance, and structural efficiency. This emphasis on technology and research ensures every home exceeds industry standards for quality and efficiency.

      To further enhance customer convenience, the company will introduce an advanced construction cost estimator, integrating variables like materials, labour, and timelines for accurate budgeting and planning, which will eventually make construction predictable at every step.

      With its innovative approach, Brick & Bolt is not just building homes but creating a trusted ecosystem that transforms how construction is perceived and executed in India. By blending technology with human expertise, the company ensures that every milestone—be it the launch of a new Experience Centre or the execution of a specialised project—aligns seamlessly with its mission to bring transparency, efficiency, and delight to every customer interaction.

      For more information, please visit www.bricknbolt.com About Brick & Bolt Brick & Bolt is transforming the construction industry with innovative technology and a focus on quality and sustainability. Brick & Bolt has redefined the construction experience by offering comprehensive services from design to execution and ensuring seamless delivery. With tailored solutions for residential dwellings, commercial spaces, and large projects, Customer Satisfaction is at the heart of Brick & Bolt. Committed to building better structures, Brick & Bolt provides 6,000+ customisable floor plan options, 100% money safety with an ESCROW payment mechanism, and three levels of auditing with 470+ quality checks on every project via the trademarked Quality Assessment System - QASCON. Currently, Brick & Bolt has catered to over 7,000 units in 10+ cities, including Bengaluru, Hyderabad, Chennai, Mysuru, Pune, Delhi, Noida, Ghaziabad, Gurgaon, and Faridabad, with plans to expand to additional cities. With a focus on quality, innovation, and customer satisfaction, Brick & Bolt is poised to become the go-to choice for quality construction. Brick & Bolt was founded in 2018, by Jayesh Rajpurohit (Cofounder-CEO and an IIT Roorkee alumnus with 22+ years of experience) and Arpit Rajpurohit (Cofounder - CTO and a VIT, Vellore alumnus with 12+ years of experience).

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

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