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    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
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    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)
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    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
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    August 6, 2026
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    Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
    Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
    August 6, 2026
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    Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
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    August 6, 2026
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
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    August 6, 2026
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    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
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    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.
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
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    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.

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      CBI searches politically motivated: Bhupesh Baghel

      March 26, 2025

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      Raipur, Mar 26 (PTI) Former Chhattisgarh Chief Minister and senior Congress leader Bhupesh Baghel on Wednesday said the CBI raids at his premises were a politically motivated move aimed at generating content for PM Narendra Modi’s speech who will visit the state on March 30.

      Baghel claimed he didn't receive any notice about raids at his Raipur-based official residence and that he was not responsible for "whatever the CBI had planted there".

      The agency teams swooped down at Baghel's residences in Raipur and Bhilai in connection with the alleged Rs 6,000 crore Mahadev app scam. Houses of senior police officials and close associates of the former CM were also searched, officials said.

      Baghel claimed the CBI took away papers of his assets and his mobile phones from his Bhilai residence.

      The searches covered the premises of Congress MLA Devendra Yadav in Bhilai town of Durg district, Vinod Verma, former political advisor to Baghel (when he was CM), IPS officers Anand Chhabra, Abhishek Pallava, Arif Shaikh and Prashant Agrawal, state police service official Sanjay Dhruv, among others, sources said.

      Talking to reporters after the CBI concluded the action at his residence in Bhilai, Baghel said, "The raids were politically motivated. The action was carried out just to generate contents of the PM's speech during his upcoming visit to the state on March 30. There was no other reason." Baghel further claimed the CBI had a search warrant for his residence in Bhilai but the agency didn't tell him about raids at his official residence in Raipur.

      "I didn't receive any notice about raids in Raipur's official residence. I learnt about the raids after I came out of the house now. Whatever they had planted there, I will not be responsible for it because neither I, not my family members were there. This is their (CBI's) conspiracy", he said.

      Baghel said the previous Congress government had taken stern action against Mahadev betting app.

      "During (previous) Congress government in the state, around 74 FIRs were lodged in connection with Mahadev betting app and more than 200 people were arrested and over 2000 bank accounts related to it were freezed.

      "We took action against the app but they (government agencies) claim we protected the app and took money. How will the one who takes action accept the protection money? Protection money is taken where there is a double engine (government) and betting is still functional," he claimed.

      Baghel claimed the then Congress government had requested the Centre to issue a lookout circular against Saurabh Chandrakar and Ravi Uppal, promoters of the app, and arrest them from foreign destinations.

      "But (religious guru) Pradeep Mishra who praises BJP visited Dubai by becoming a guest of Saurabh Chandrakar and Ravi Uppal.

      "If CBI officials have courage, they should ask Pardeep Mishra whose programme is currently underway in the home district of Chief Minister Vishnu Deo Sai in Jashpur about his relations with Saurabh Chandrakar and Pradeep Mishra," Baghel said.

      He claimed the promoters of the Mahadev app had featured in pictures with BJP leaders but they are not being interrogated, whereas the action is being taken against us (Congress leaders).

      Baghel said he was scheduled to attend a meeting of the drafting committee in Delhi for the AICC meeting to be held in Ahmedabad next month but could not go.

      "The CBI entered my house at around 7.30 am and left at 9.15 pm despite the search ending at around 4.15 pm. Fifteen days back, the ED had raided my house. What they (CBI) will get by raiding?" he asked.

      Baghel said the ED had taken photocopies of documents related to his properties and the CBI took away the original papers.

      "I told the CBI to leave photocopies because IT and EOW will follow them. Otherwise what they will recover in the name of action?" he said sarcastically.

      He said while the ED raid was linked to an alleged liquor scam, the CBI's action was linked to the Mahadev app but both agencies investigated his assets.

      "The previous Raman Singh-head BJP government had got my assets probed. The state's EOW did the same. I invite all agencies to come together and do an investigation at once. The actions are aimed at defaming and harassing me," he said.

      According to Baghel, they (BJP) are frustrated after he became party in-charge of Punjab and the court recently discharged him in connection with an alleged seven-year-old (sleaze) CD matter.

      Earlier in the day, Chhattisgarh Deputy Chief Minister Arun Sao said the Congress should not link the CBI's searches on the premises of its leader Bhupesh Baghel and others to politics and cooperate in the investigation.

      Several leaders of Congress rallied behind Baghel, terming the action by Central agencies as harassment tactics.

      State Congress chief Deepak Baij claimed the BJP sent the CBI after Baghel and Yadav following "failed raids and failed conspiracies".

      Senior Congress leader and former Deputy CM TS Singh Deo also condemned the action and claimed the central agencies have been trying to harass Baghel.

      State Congress communications wing head Sushil Anand Shukla claimed the BJP was scared of Baghel ever since he became the party in-charge of Punjab.

      The state government last year handed over to the CBI 70 cases related to the alleged Mahadev scam lodged with different police stations and one case registered with the Economic Offences Wing (EOW) in the state. PTI COR TKP GK NSK

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