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    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
    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
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    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.
    August 5, 2026
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
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    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
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    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
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    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
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    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
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    August 4, 2026
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    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
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    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
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      14 private member resolutions including 3 on statehood to be moved in J-K Assembly next month

      March 27, 2025

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      Jammu, Mar 27 (PTI) A total of 14 private member resolutions, including three seeking restoration of statehood, will be moved in the Jammu and Kashmir Legislative Assembly during the second part of the budget session next month, an official said.

      The maiden budget session of the assembly post abrogation of Article 370 and bifurcation of the erstwhile state into two Union territories commenced in Jammu on March 3, having a total of 21 sittings as per the revised calendar.

      Chief Minister Omar Abdullah presented the first budget of his government on March 7. After the demands for grants, the budget was approved on March 25 with the passage of Appropriation Bills before the assembly went on a 12-day recess.

      The legislative assembly will meet again from April 7 to 9 for the final part of the budget session. The House will also take up private member bills on April 8.

      According to the bulletin issued by secretary, J&K Legislative Assembly Secretariat, Manoj Kumar Pandit, seven each private members’ resolutions, the relative precedence whereof has been determined by ballot on March 25, would be taken up in the House on April 7 and 9.

      Ruling National Conference members will move a total of 10 resolutions including the two related to the demand for restoration of statehood, independent members' two resolutions including the one on statehood restoration, and BJP and PDP members' one each.

      Barring a few walkouts or marshalling out of some members on a few occasions, the assembly so far has not witnessed a single adjournment which was even highlighted by Chief Minister Abdullah on March 25. He had said “the House is in action today. It was peaceful until now” while referring to the ruckus over the issue of dailywagers. On April 7, National Conference member Qaisar Jamshaid Lone will move the resolution which reads "this House resolves that statehood be restored immediately as promised by the Central Government in the Parliament of India".

      His party colleague Hilal Akbar Lone will move another resolution that says "this House impresses upon the Government of India to restore statehood to the Union Territory of Jammu and Kashmir in order to fulfil the promise made by the Prime Minister in the Parliament".

      Independent member Shabir Ahmad Kullay’s resolution reads, "This House stands united in its demand for the full restoration of statehood to Jammu and Kashmir and urges the Government of India to take immediate steps to fulfil this long-standing promise." PDP’s Waheed-Ur-Rehman Para is moving a resolution seeking complete ban on use of 'LNT, JCB, cranes, machines and heavy machines' for extraction of sand, riverbed mining and other mining activities in Jammu and Kashmir, while NC’s Ghulam Mohi-Ud-Din Mir is demanding measures to streamline the health care especially in the rural and far flung areas.

      NC’s Ali Mohammad Sagar will demand steps to ensure the regularization of ‘Rehbar-e-Janglat’ (forest guides) and his party colleague Ali Mohammad Dar will ask for rectifying all the wrong entries made in the land records.

      On April 9, NC’s Ajaz Ahmad Jan will move a private member's resolution to push for necessary steps to ensure the establishment of separate administrative structure, including creation of district offices, infrastructure development, and allocation of resources to promote the welfare of people of Pir Panjal region, comprising Rajouri and Poonch districts.

      NC’s Bashir Ahmad Veeri demands an end to illegal or unscientific riverbed mining all across the rivulets, rivers and nullahs of Union Territory and protecting aquatic and ecological degradation due to these “unscientific activities”.

      “Also, Karewa's, water bodies/wet lands needs to be demarcated and protected with firm resolve and determination. This House urges the Government to take immediate measures for environmental conservation, afforestation, sustainable development and disaster preparedness. This House further resolves for stricter regulations to curb pollution and protect natural resources, ensuring a sustainable future for the region," Veeri’s resolution reads.

      BJP’s Rajiv Jasrotia, through his resolution, will highlight the need for construction of a tunnel from Bhora to Dhar Road and a tunnel at Mata Bala Sundari in Kathua district to boost connectivity.

      Independent member Rameshwar Singh will seek extension of holiday to cover areas in Bani, Lohai Malhar, Basantgarh and Latti in Kathua on account of annual Kailash Kund Yatra.

      NC’s Sajad Shaheen is going to move a resolution to recommend to the government to take immediate steps for the regularization of 18 residential colonies in Jammu district where people have been living for the last five decades to ensure planned development and access to essential civic amenities.

      NC’s Ghulam Mohi-Ud-Din Mir will also demand necessary measures to solve the unemployment problem of educated youth in the UT. PTI TAS SKL KVK KVK

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