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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
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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
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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
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
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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
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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
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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
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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.

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BJP-led Delhi govt presents Rs 1-lakh-cr budget with focus on Yamuna cleaning, women empowerment

March 25, 2025

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New Delhi, Mar 25 (PTI) Chief Minister Rekha Gupta on Tuesday presented a Rs 1 lakh crore Budget for 2025-26 with 10 focus areas, including Yamuna cleaning, women empowerment, infrastructure development, water, smart governance and seamless connectivity, while terming it a roadmap for "Viksit Delhi".

The education sector got the highest allocation of Rs 19,291 crore, up by 19.29 per cent from the previous budget, followed by health with Rs 12,893 crore and transport with Rs 12,952 crore.

In her 138-minute speech, Gupta also focused on infrastructure development projects, announcing that the BJP-led Delhi government has doubled capital expenditure to Rs 28,000 crore in the 2025-26 Budget.

The total Budget outlay for 2025-26 marks a 31.5 per cent increase from the previous year. To combat pollution in Delhi, Rs 300 crore has been set aside by the BJP government.

The chief minister, who also holds the finance portfolio, announced a comprehensive Rs 1,500-crore plan to clean the Yamuna River and improve Delhi's sewage infrastructure, marking an ambitious river rejuvenation effort in the national capital.

The plan includes the construction of 40 decentralised sewage treatment plants (STPs), modernisation of existing STPs, and investment in advanced machinery to tackle waste and pollution.

The Delhi government will set up 100 Atal Canteens across the national capital, allocating Rs 100 crore to fund the project.

Shifting of Tihar Jail to a new location, education hub in Narela, two new medical colleges, setting up of a modern cow shelter, pilot project for eliminating overhead electric wires, free laptops for 1,200 students passing Class X, welfare boards for gig workers and auto-taxi drivers, new industrial policy and global investment summit are among the key initiatives announced in the Budget.

The government will also establish "Integrated Command and Control Center (ICCC)" for real-time monitoring of various environmental parameters like air quality, water quality, noise levels and waste management, among others.

Presenting the Budget in the assembly, Gupta quoted the 19th-century legendary poet Mirza Ghalib, underscoring the city's importance, "Ek roz apni rooh se pucha ki Dilli kya hai, toh yun jawaab mein keh gayi, yeh duniya maano jism hai aur Dilli uski jaan." (One day I asked my soul what Delhi is, so I replied, This world is like a body, and Delhi is its soul.).

To empower women and enhance their safety, the Delhi government announced a host of welfare schemes, including a monthly honorarium of Rs 2,500, installation of 50,000 CCTV cameras, introduction of Pink PCR (all-female police assistance) units and financial aid of Rs 21,000 for expecting mothers.

She said that the government would launch the Mahila Samridhi Yojana (MSY) with an allocation of Rs 5,100 crore.

To curb alleged corruption in the free-bus ride scheme for women, the government will also replace pink tickets with smart cards.

The chief minister called the maiden Budget of the BJP-led Delhi government "historic", emphasising that the era of "corruption and inefficiency" was over.

This is the first Budget presented by a BJP-led government in Delhi in over 26 years, following the party's victory over the Aam Aadmi Party (AAP) in last month's Assembly elections.

Gupta said that the Budget is the first step to develop the national capital. "Delhi went down in every aspect of development in the past decade. The previous government ruined the economic health of the national capital like termites," she said.

She attacked the Arvind Kejriwal-led AAP that ruled Delhi for 10 years for allegedly neglecting basic amenities in slum clusters of the city while building a "Sheesh Mahal".

The chief minister also took a jibe at the opposition AAP MLAs in the Assembly, by saying in a lighter vein that the "Sheesh Mahal" will be included in the tourist circuit of Delhi for people to visit it.

Taking a dig at the AAP, Gupta recited lines of renowned poet Bashir Badr, "Dil ki basti puraani dilli hai, jo bhi guzra hai, usne lootaa hai" (The locality of my heart is old Delhi, whoever has passed through, has looted it).

Meanwhile, Leader of Opposition Atishi slammed the Delhi budget, calling it a "hawa hawai budget" and labelling it "baseless and unrealistic".

She accused the BJP of slashing key allocations to essential sectors like education, health, and municipal services, saying the budget reveals the government's "intent to weaken public services".

"For the first time in 10 years, the education budget has fallen below 20 per cent, showing their agenda to destroy government schools. Health spending has also been cut to 13 per cent - the lowest in a decade - to dismantle free treatment services for the poor," she said.

According to budget documents, capital expenditure has been proposed at Rs 28,115.48 crore in 2025-26 against budget estimates of Rs 15,089.25 crore in the last year.

The chief minister tabled in the Assembly a budget of Rs 1 lakh crore for 2025-26 which will primarily be funded through tax revenue of Rs 68,700 crore, non-tax revenue, grant-in aids from the Centre and other sources.

The tax revenue will comprise Rs 41,000 crore from GST collection, Rs 8,000 crore from VAT, Rs 9,000 crore from stamp and registration fees, Rs 7,000 crore from state excise and Rs 3,700 crore from taxes on vehicles.

In a key infrastructural move, the Delhi government has set aside Rs 6,897 crore for the Municipal Corporation of Delhi.

The chief minister said that there is a plan to enhance the court infrastructure by adding 200 more courtrooms to the existing 690 court halls in Delhi, especially at Shastri Park, Karkardooma and Rohini, for which a budget provision of Rs 490 crore has been made.

A major focus has also been placed on clean drinking water and sanitation, with Rs 9,000 crore allocated for related projects.

The Delhi government has allocated Rs 1,000 crore for improved transport links connecting NCR, and a total outlay of Rs 12,952 crore for the transport sector.

Gupta announced that the government aims to make Delhi an investment- and innovation-friendly city. To achieve this, a new industrial policy and a new warehouse policy will be introduced. A Traders' Welfare Board will also be established.

Furthermore, Delhi will host its first-ever 'Global Investment Summit', which will be held every two years. To support small-scale industries, Rs 50 crore has been earmarked for skill development programs, including bee-keeping.

In a major cultural initiative, the Delhi government will host an 'International Film Festival' with a budget allocation of Rs 30 crore. The government has also allocated Rs 696 crore for the development in slum clusters.

The budget also proposed creation of 'Chief Minister Development Fund', with a provision of Rs 1,400 crore for fund allocation to developmental projects and complementing the efforts already made under other schemes and initiatives of the government. PTI MHS VIT NSM SHB BM BUN BAL MR

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