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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
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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
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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
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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
    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
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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.
    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
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    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
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    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
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    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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      Kos Minar International Documentary Film Festival: A Three-Day Celebration of Stimulating Cinema at O.P. Jindal Global University

      March 27, 2025

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      March 27, 2025 SONIPAT: As part of the ongoing celebrations marking fifteen years of O.P. Jindal Global University (JGU), its media school, Jindal School of Journalism and Communication (JSJC), hosted first-of-its-kind, campus-based international documentary film festival from March 21, 2025 to March 23, 2025.

      The Vice Chancellor, Prof. (Dr.) C. Rajkumar, inaugurated the festival, “Today is an era when we can safely say that good films can be made purely on the power of an idea.” In his welcome remarks the Registrar, Prof. Dabiru Sridhar Patnaik said that “This festival is not just a celebration of cinema, it is also a celebration of storytelling, human resilience and truth” But why the ‘documentary’? According to JSJC Dean Prof. Kishalay Bhattacharjee, “Recently, it is the documentary that has brought international recognition to Indian cinema. Documentarians aren’t simply journalists; they are exploring the truth about the human condition.” JSJC had announced, at the inception of its B.A. (Hons) Film and New Media Programme in 2022, that it would be home to one of the finest documentary film festivals in the world. The three days of the Kos Minar International Documentary Film Festival fulfilled that promise, as students, faculty, and audiences from outside JGU gathered to watch and discuss a series of compelling, poignant, and contemplative documentary films from India and the world.

      Documentaries have always remained at the cusp of experimenting with cinema’s limits, displaying a never dissipating human desire to bring stories, facts and truths to the foreground. This festival, named after the ‘Kos Minar’—a medieval distance marker built along the Grand Trunk Road, one of Asia’s longest and oldest major roads, connecting several medieval empires—showcased new experiments with the documentary film form, by young and emerging filmmakers. Traditionally, Kos Minars were built for the comfort of travellers and also used as stations for royal couriers carrying messages and transferring royal treasury; JGU overlooks one such Kos Minar, situating the university at the confluence of global communication. In keeping with this spirit, the Kos Minar International Documentary Film Festival brought together some of the finest contemporary documentary films from near and afar, and also facilitated stimulating interactions between filmmakers, film lovers, and students.

      On March 21, the festival opened by commemorating legendary filmmaker, Kumar Shahani, who passed away on February 24, 2024. One of Shahani’s last public appearances was at the commencement of JSJC’s B.A. (Hons) Film and New Media Programme. In honor of Shahani, the keynote address, Remembering Kumar, was delivered by noted film scholar, Ashish Rajadhyaksha. Rajadhyaksha spoke about the dazzling range of Shahani’s many interests, which included the global history of cotton, D.D. Kosambi’s reading of the Mahabharata, Buddhist iconography, Indian classical music, and the Bhakti tradition. The talk illustrated Shahani’s experiments with form, performance, and musical traditions in his various films, thereby introducing the filmmaker to a newer generation of audience.

      The opening film on Day 1 was Payal Kapadia’s A Night of Knowing Nothing—an arresting portrait of the youth of India, their anxieties, desires, and dreams of justice—which had been awarded the Best Documentary Film at the 2021 Cannes Film Festival. This was followed by the screening of Prachee Bajania’s Umbro—a short and intimate film on a circle of Gujarati women, especially mothers, stealing time from their daily routines for friendships and leisure. Next was Anupama Srinivasan and Anirban Dutta’s Flickering Lights, a tale of patience and hope, wherein a remote village near the Indo-Burmese border waits for 7 years, for electricity.

      Day 2 opened with two recent Sundance film festival winners: Sarvnik Kaur’s Against the Tide and Snow Hnin Ei Hlaing’s Midwives. Both films highlighted marginalised communities (fishermen from Mumbai and midwives from Myanmar, respectively) grappling with larger global forces transforming their traditional means of livelihood. Through stories of personal friendships and disagreements embedded within troubled waters and war-torn landscapes, these films documented the spirit of human resilience and companionship. These films were presented by Docedge Kolkata – Asian Forum for Documentary, which is currently one of the leading platforms supporting and financing independent documentary filmmaking in Asia.

      Later, Sreemoyee Singh’s And, Towards Happy Alleys, took us on a personal, musical journey through the streets of Iran. During the Q&A session, Sreemoyee Singh shared her experiences as a young research scholar and filmmaker—how her fascination with Iranian cinema, poetry, and music inspired her to learn Persian and set out on a journey to Iran, to meet the nation’s finest filmmakers and document the stories of Iranian women and their quest to live with dignity, often using music to bond with strangers.

      Day 3 began with Haobam Paban Kumar’s Phum Shang, and Raja Shabir Khan’s Shepherds of Paradise—two compelling films on marginalised communities from Kashmir and Manipur, their incredible relationship to land and water, even as forces of nature and changing laws push them to the brink of extinction. Apart from the Q & A session with both filmmakers, students were presented with a special opportunity to interact with them in a separate technical session.

      The festival also included three short experimental films by Berlin-based Palestinian filmmaker, Basma Al Sharif, and a selection of films around climate change and ethics, presented by Alt Eff (All Living Things Environmental Film Festival). Event partner and global streaming platform MUBI also conducted special film quizzes for students, with their exclusive merchandise as prizes.

      The Kos Minar International Documentary Film Festival fittingly became a testament to not just the power of independent filmmaking in bringing stories, known or unknown, to newer audiences, but also to the interdisciplinary spirit embodied by the Jindal School of Journalism and Communication. The three days of the festival became a window to the world—travelling across nations, geographies, and ecologies, where one encountered people, places, habits and habitats, became involved in their struggles to live with dignity and justice, participated in their trials and tribulations, laughed along in their moments of joy, and most importantly, witnessed their courage to stand up for the truth.

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

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