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    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    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
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    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
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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
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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.
    August 5, 2026
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    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
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    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
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    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.

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      New US airstrike campaign targeting Yemen's Houthi rebels more intense than last, AP review finds

      March 27, 2025

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      Dubai, Mar 27 (AP) A new American airstrike campaign against Yemen's Houthi rebels appears more intense and more extensive, as the US moves from solely targeting launch sites to firing at ranking personnel as well as dropping bombs in city neighbourhoods, an Associated Press review of the operation shows.

      The pattern under US President Donald Trump reflects a departure from the Biden administration, which limited its strikes as Arab allies tried to reach a separate peace with the group. It comes after the Iran-backed Houthis threatened to resume attacking “any Israeli vessel” over the country's refusal to allow aid into the Gaza Strip.

      The Houthi attacks and the response to them have drawn new scrutiny in Washington after security officials in Trump's administration shared plans for the first round of strikes on the rebels in a group chat that included a journalist. But bombing alone may not be enough to stop the Houthis, whose earlier barrage of missile fire toward the US Navy represented the most intense combat it had seen since World War II.

      “Folks that say, 'We'll go in there and take out everyone with the last name Houthi and we'll win.' The Houthi leadership has been taken out in history in the past, and they are resilient," retired US Navy Vice Adm. Kevin Donegan said. “They came back and they grew stronger. So this isn't something that is a one-and-done.” Meanwhile, concerns are growing over civilians being caught in the middle of the campaign. While the US military has not acknowledged any civilian casualties since the strikes began over a week ago, activists fear strikes may have killed noncombatants already in territory tightly controlled by the Houthis.

      “Just because you can't see civilian harm doesn't mean it's not happening,” warned Emily Tripp, the director of the UK-based group Airwars, which studies Western airstrike campaigns.

      A new, intense US airstrike campaign shakes Yemen The Trump campaign began March 15. American warships fired cruise missiles while fighter jets flying off of the USS Harry S. Truman aircraft carrier dropped bombs on Houthi-controlled areas of Yemen, a nation on the southern edge of the Arabian Peninsula that is the Arab world's poorest.

      “No terrorist force will stop American commercial and naval vessels from freely sailing the Waterways of the World,” Trump said in a social media post announcing the campaign, days after his administration reimposed a “foreign terrorist organisation” designation on the Houthis.

      So far, the Houthis say the airstrikes have killed 57 people.

      That's just over half the 106 people the Houthis' secretive leader, Abdul Malik al-Houthi, claimed the US and UK killed during all of 2024. He provided no breakdown of combatants versus noncombatants. Houthi fighters often aren't in uniform.

      Al-Houthi said the two countries launched over 930 strikes last year. The US-based Armed Conflict Location & Event Data Project, known as ACLED, has recorded 305 strikes. The discrepancy between the figures could not be immediately reconciled, though the Houthis could be counting individual pieces of ordnance launched, rather than a single event with multiple bombs used, as ACLED does. The rebels also have exaggerated details in the past.

      Between March 15 to March 21, ACLED reported 56 events. The campaign also has seen the highest number of events in a week since the American bombing campaign began on Yemen during the Israel-Hamas war.

      Trump administration officials have touted the differences between their strikes and those carried out under President Joe Biden.

      “The difference is, these were not kind of pin prick, back and forth, what ultimately proved to be feckless attacks,” Trump's national security adviser, Mike Waltz, told ABC's “This Week” on March 16. “This was an overwhelming response that actually targeted multiple Houthi leaders and took them out.” Waltz has also claimed key members of Houthi leadership, including their "head missileer,” have been killed. The Houthis have not acknowledged any losses in their leadership.

      There are indeed clear differences, said Luca Nevola, the senior analyst for Yemen and the Gulf at ACLED. Under Biden, the focus appeared to be on mobile launchers for missiles and drones, then infrastructure, he said. Trump is targeting urban areas more intensely, judging from the number of strikes on cities so far.

      “It's very likely that somehow the Trump administration is pursuing a decapitation strategy,” Nevola added.

      The Trump administration is also allowing the US military's Central Command, which oversees Mideast operations, to launch offensive strikes at will, rather than having the White House sign off on each attack as under Biden. That will mean more strikes.

      Israel, which has repeatedly been targeted by Houthi missile fire and drones, also launched four rounds of airstrikes in 2024 and another in January.

      Less transparency, growing concerns about civilians being harmed During the Biden administration, Central Command offered details to the public on most strikes conducted during the campaign. Those details often included the target struck and the reason behind it.

      Since the start of the new campaign, however, there's been no similar breakdown.

      Donegan, the retired vice admiral, praised that strategy during a recent call hosted by the Jewish Institute for National Security of America. "You don't tell the enemy what you're going to do, and you don't tell them what you're not going to do.” But that also means the Houthis' description of targets is the only one that's public. They've claimed two attacks targeted an under-construction cancer clinic in the city of Saada, as well as private homes and crowded city neighbourhoods. There's been no effort so far from the US military to either dispute that or offer evidence to support strikes on those targets.

      “It's an extremely complicated information environment in Yemen," Tripp, of Airwars, said. "The Houthis have extensive restrictions on (activists) and operations, media and press.” The US military declined to answer questions regarding possible civilian casualties but said the "Houthis continue to communicate lies and disinformation." “CENTCOM won't provide details on strikes and locations until the operation has concluded, and there is no additional risk to US personnel or assets involved,” it added, using an acronym for Central Command. “At the direction of the president, CENTCOM continues to conduct strikes across multiple Iran-backed Houthi locations every day and night to restore freedom of navigation and restore American deterrence.” Houthi attacks started over the Israel-Hamas war From November 2023 — weeks after the Israel-Hamas war began — until January of this year, the Houthis targeted over 100 merchant vessels with missiles and drones, sinking two and killing four sailors.

      The rebels said the campaign in the Red Sea, the Gulf of Aden and the Bab el-Mandeb Strait connecting the two waterways was carried out in solidarity with Hamas. It stopped with the ceasefire reached in that war in January.

      The attacks greatly raised the Houthis' profile as they faced economic problems and launched a crackdown targeting any dissent and aid workers at home amid Yemen's decadelong stalemated war.

      Since the ceasefire ended, the Houthis have not resumed their attacks on shipping in the vital corridor for cargo and energy shipments moving between Asia and Europe. Still, overall traffic remains sharply reduced.

      A European Union naval force has been patrolling the Red Sea and escorting ships, as well as taking Houthi fire. However, the vast majority of Houthi attacks toward military targets has been pointed at US Navy vessels.

      More US forces move into Mideast as Yemen's future in question The US airstrikes have kept up a daily tempo since beginning March 15. Meanwhile, the USS Carl Vinson and its carrier strike group is to transit into the Middle East.

      That, along with the Truman, will likely give the American military two places to launch aircraft since it hasn't immediately appeared that any strikes came from bases in other Mideast nations — where public sentiment remains strongly with the Palestinians in the Israel-Hamas war.

      The US military also may be bringing additional firepower, as radio transmissions from B-2 stealth bombers and flight-tracking data suggested the US Air Force is moving a number of the aircraft to Diego Garcia in the Indian Ocean.

      But the future of Yemen itself remains in question. The Houthis broadly maintain control over the capital of Sanaa and the country's northwest. Yemen's exiled government is part of a fractious coalition that for now appears unable to wrest any control back from the rebels.

      Meanwhile, Saudi Arabia and the United Arab Emirates, which launched a war 10 years ago against the Houthis, have pushed for peace talks as fighting appears broadly frozen on the ground.

      “The United States can hurt the Houthis, it can weaken them," wrote Gregory D. Johnsen, a Yemen expert at the Arab Gulf States Institute in Washington, “but without effective ground troops — either its own or someone else's — it will not be able to eliminate their capabilities.” (AP) GRS GRS

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