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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
    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
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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
    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.
    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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      HIGHLIGHTS

      March 19, 2025

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      New Delhi, Mar 19 (PTI) Following are the top stories at 9 pm: NATION DEL70 MEA-INDIA-LD-GAZA

      India concerned over situation in Gaza; calls for humanitarian aid to affected people New Delhi: India on Wednesday said it is concerned over the situation in Gaza and called for supply of humanitarian assistance to the affected people as Israel resumed bombing in conflict-hit Palestinian territory shattering its fragile ceasefire with Hamas.

      BOM40 MH-LDALL-NAGPUR VIOLENCE

      RSS says Aurangzeb irrelevant, Fadnavis vows to dig out cops’ attackers from graves Nagpur/Bengaluru/Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Wednesday said attackers of police during Nagpur violence will be "dug out from their graves", even as the RSS condemned the violence and described the 17th-century Mughal emperor Aurangzeb as "irrelevant".

      DEL88 LD-BILL-GATES

      Gates meets PM Modi; says impressed by India's innovation powering development locally - and globally New Delhi: Microsoft co-founder Bill Gates on Wednesday said he is impressed by how innovation in India is driving "progress locally -- and globally", as he met Prime Minister Narendra Modi and discussed a host of subjects including technology, innovation and sustainability.

      DEL98 DIALOGUE-JAISHANKAR-TRADE

      Jaishankar flags concern over weaponisation of trade New Delhi: The world is witnessing "greater weaponisation" of tariffs, sanctions and export controls and India must navigate the challenge by working with partners who are trustworthy and present fewer risks, External Affairs Minister S Jaishankar said on Wednesday.

      DEL62 SUNITA WILLIAMS-2ND LD REAX

      Welcome back: Prez, PM and others celebrate Sunita Williams' return to Earth New Delhi: President Droupadi Murmu and Prime Minister Narendra Modi joined celebrities, politicians, scientists and others on Wednesday to celebrate the return of NASA astronaut Sunita Williams to Earth after nine months, terming her an inspiration for generations to come and lauding her determination.

      DEL91 DL-SATYENDAR JAIN-2NDLD FIR

      Ex-AAP minister Satyendar Jain booked in CCTV project graft case; AAP, BJP spar New Delhi: The Delhi government's Anti-Corruption Branch (ACB) has registered a case against former PWD minister and senior AAP leader Satyendar Jain over alleged corruption in a Rs 571-crore CCTV project, an official said on Wednesday.

      DEL101 CAB-LD UPI TRANSACTION

      Govt approves Rs 1,500 cr incentive for promotion of small-value UPI payments New Delhi: The government on Wednesday approved a Rs 1,500 crore incentive for the promotion of small-value BHIM-UPI (P2M) transactions up to Rs 2,000, a move aimed at benefiting common people and small merchants.

      DEL75 PB-FARMERS-3RDLD MEETING

      Talks between farmer leaders, Centre remain inconclusive; next meeting on May 4 Chandigarh: A fresh round of meeting between farmer leaders and a central delegation to discuss the formers' various demands remained inconclusive on Wednesday, even as the Union ministers attending the talks called the farmers' interests paramount.

      CAL19 BH-ED-LD LALU

      Bihar: Lalu appears before ED over land-for-jobs scam Patna: The Enforcement Department (ED) on Wednesday grilled RJD president Lalu Prasad for nearly four hours in connection with the land-for-jobs case, officials said.

      MDS21 TL-LD BUDGET

      Telangana govt presents Rs 3.05 lakh cr budget for 2025-26, allots Rs 56k cr for '6 poll guarantees' Hyderabad: The Congress government in Telangana on Wednesday presented a budget of nearly Rs 3.05 lakh crore for 2025-26, with over Rs 56,000 crore for the implementation of the party’s 'six poll guarantees', while expecting to raise Rs 64,000 crore through open market loans.

      DEL85 RSQ-ED-CONVICTION

      ED filed 193 cases against serving, ex-politicians; secured 2 convictions: Govt in Parl New Delhi: The Enforcement Directorate (ED) registered a total of 193 cases against politicians, including serving and former MPs and MLAs, over the last 10 years and secured conviction in two of those, the government has informed Parliament.

      DEL83 NIA-JK-LD SEARCHES

      NIA raids 12 locations in Jammu linked to terrorist sympathisers, overground workers New Delhi: The National Investigation Agency on Wednesday conducted searches at 12 locations across Jammu, including premises of terrorist sympathisers, as part of its probe into infiltration by terrorists from across the border.

      DEL97 PB-LD-FARMER-LEADERS-DETAIN

      Returning from meeting with central delegation, over dozen farmer leaders detained by Punjab Police Chandigarh: More than a dozen farmer leaders including Sarwan Singh Pandher and Jagjit Singh Dallewal were detained in Mohali Wednesday evening by Punjab Police while they were headed to the Shambhu border protest site after a meeting with a central delegation here, a farmer leader claimed.

      CAL21 MN-LD VIOLENCE

      Fresh shutdown in curfew-bound Churachandpur; MLAs, tribal bodies appeal for peace Churachandpur/Imphal: Hours after a fresh shutdown was imposed by a student body in Manipur’s curfew-bound Churachandpur district following clashes between Hmar and Zomi people, a group of MLAs and tribal organisations separately appealed for peace on Wednesday.

      LEGAL LGD16 SC-STAINES-REMISSION PLEA

      Staines murder case: SC asks Odisha to consider remission plea of lifer Dara Singh New Delhi: The Supreme Court on Wednesday asked the Odisha government to decide the remission plea of a "repenting" Ravindra Pal alias Dara Singh, who is serving life sentence for the murders of Australian missionary Graham Stuart Staines and his two minor sons in the state's Keonjhar district in 1999.

      LGD22 SC-LD MIGRANT WORKERS

      Are benefits for poor reaching genuine beneficiaries? SC asks New Delhi: Observing that ration cards have become a "popularity card", the Supreme Court on Wednesday wondered if the benefits meant for the poor percolated to undeserving persons.

      LGD30 DL-HC-ELECTORAL BONDS

      Electoral bonds plea: No concrete material for court-monitored probe, says Delhi HC New Delhi: The Delhi High Court on Wednesday said there was no concrete material in the allegations raised in a plea for a court-monitored investigation into the alleged quid pro quo and corruption in donations made through electoral bonds to various political parties.

      BUSINESS DEL67 BIZ-RBI-ECONOMY

      Indian economy remains resilient despite global trade tensions: RBI Bulletin Mumbai: Indian economy continues to demonstrate resilience as evident in the robust performance of the agriculture sector and improving consumption despite escalating trade tensions, the RBI March Bulletin said on Wednesday.

      DEL94 BIZ-GADKARI-EV-COST

      Prices of EVs to be same as petrol cars in 6 months, says Gadkari New Delhi: Prices of electric vehicles (EVs) will be equal to those of petrol vehicles in the country within six months, Union Road Transport and Highways Minister Nitin Gadkari said on Wednesday.

      DEL95 CAB-2NDLD MILK

      Govt raises outlay for 2 schemes by Rs 2,000 cr to Rs 6,190 cr to boost milk production New Delhi: The government on Wednesday revised two schemes – National Program for Dairy Development and Rashtriya Gokul Mission, raising the outlay by Rs 2,000 crore to Rs 6,190 crore to boost milk production, procurement level, processing capacity, lab testing facilities and other related infrastructure.

      DEL92 BIZ-SAFEGUARD-2NDLD STEEL

      Commerce ministry recommends 12 pc import duty on certain steel products for 200 days New Delhi: The commerce ministry's investigation arm DGTR has recommended the imposition of a 12 per cent provisional safeguard duty for 200 days on certain steel products with an aim to protect domestic players from a surge in imports.

      FOREIGN FGN56 CHINA-US-MISSILE

      US military to integrate long-range anti-ship missile to fighter jets to counter Chinese war ships: Report Beijing: The US military is set to integrate long-range ship attack missiles into its fleet of modern fighter jets to strengthen its ability to launch air assaults in a potential conflict with the Chinese military in the Indo-Pacific, according to a media report.

      FGN65 PAK-AFGHAN-LD TORKHAM

      Pak-Afghan Torkham border crossing reopens after 27 days Peshawar: The Torkham border crossing between Pakistan and Afghanistan reopened on Wednesday after 27 days of closure following successful negotiations between jirga members from both sides.

      FGN35 LANKA-POLICE CHIEF

      Sri Lanka's police chief surrenders Colombo: Deshabandu Tennakoon, the suspended inspector general of police, surrendered to the court on Wednesday after evading arrest for over two weeks in a case related to a shooting incident in 2023.

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