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    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    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)
    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
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    August 6, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    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.

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      PMLA / Black Money

      HIGHLIGHTS

      April 16, 2025

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      New Delhi, Apr 16 (PTI) Following are the top stories at 5 pm: NATION DEL17 CONG-ED-NATIONAL HERALD

      Will not be cowed down by such threats: Cong on ED chargesheet in National Herald case New Delhi: The Congress on Wednesday claimed that the ED chargesheet against Sonia Gandhi and Rahul Gandhi in the National Herald case only shows the panic and moral bankruptcy of the government, and said it will not be cowed down by such threats.

      DEL18 ED-LD VADRA

      Land deal linked money laundering case: ED questions Robert Vadra on day 2 New Delhi: Robert Vadra, the businessman brother-in-law of Leader of Opposition in Lok Sabha Rahul Gandhi, was questioned by the Enforcement Directorate on the second straight day on Wednesday in a 2008 Haryana land deal linked money laundering case.

      DEL19 NCW-MURSHIDABAD-VIOLENCE

      Murshidabad violence: NCW forms panel to probe 'molestation' of women, chairperson to visit affected areas New Delhi: The National Commission for Women (NCW) has constituted an inquiry committee to investigate alleged molestation and displacement of women during the recent communal violence in Murshidabad district of West Bengal, an official statement said on Wednesday.

      DEL23 KHARGE-ED-NATIONAL HERALD

      Despotic govt hell-bent on targeting Congress to whitewash its own sins: Kharge New Delhi: Congress president Mallikarjun Kharge on Wednesday hit out at the government after the ED chargesheet against Sonia Gandhi and Rahul Gandhi in the National Herald case, saying the "despotic" government is hell-bent on targeting the Congress to whitewash its own "sins".

      DEL24 VADRA-ED-POLITICS

      Targeted for being part of Gandhi family, will soon join politics: Robert Vadra New Delhi: Robert Vadra, businessman and brother-in-law of Leader of Opposition in Lok Sabha Rahul Gandhi, on Wednesday claimed he is being targeted by probe agencies as he is part of the Gandhi family and that things would have been different had he been part of the BJP.

      DEL33 ED-MAHADEV-LD SEARCHES

      Mahadev app case: ED searches EaseMyTrip co-founder Pitti in fresh raids New Delhi: The Enforcement Directorate on Wednesday searched the premises of online travel booking portal EaseMyTrip's co-founder Nishant Pitti as part of fresh multi-state raids in the Mahadev online betting app linked money laundering case, officials said.

      BOM21 GJ-2ND LD RAHUL

      In battle of ideologies, only Cong can trump RSS-BJP: Rahul; kicks off party revamp in Gujarat Modasa (Gujarat): Admitting Congress cadres seem "demoralised" in Gujarat, where the party is out of power for long, Lok Sabha MP Rahul Gandhi on Wednesday said only his outfit can defeat RSS-BJP as he sought to position the fight against the saffron rivals as an ideological duel.

      BOM19 MH-LADKI BAHIN-AADITYA

      Ladki Bahin scheme 'more or less finished', claims Aaditya Thackeray Nashik: Shiv Sena (UBT) leader Aaditya Thackeray on Wednesday claimed the Maharashtra government's flagship Ladki Bahin scheme has "more or less ended" and the ruling dispensation was planning to remove lakhs of women from the beneficiary list.

      CAL20 WB-MAMATA-2ND LD VIOLENCE

      Mamata claims Murshidabad riots pre-planned, fuelled by BJP, BSF; urges PM to rein in Shah Kolkata: West Bengal Chief Minister Mamata Banerjee on Wednesday termed the recent communal violence in Murshidabad as "pre-planned" and accused a section of the BSF, central agencies under MHA, and the BJP of fanning tension by allegedly facilitating cross-border influx from Bangladesh.

      CAL23 AS-GAURAV

      Disturbing collapse of law and order in Assam, alleges Gaurav Gogoi Guwahati: Senior Congress leader Gaurav Gogoi on Wednesday alleged that Assam is witnessing a "disturbing collapse" of law and order, and has become a police state where "intimidation and miscarriage of justice have become the norm".

      MDS7 KA-CASTE CENSUS-SIDDARAMAIAH

      'Caste census': Karnataka govt will ensure no injustice happens to anyone, says Siddaramaiah Kalaburagi/Bengaluru: Amid growing opposition to the Socio-Economic and Education Survey report, popularly known as the 'caste census', from various sections of society, Karnataka Chief Minister Siddaramaiah on Wednesday assured that his government will not let any injustice happen to anyone.

      LEGAL LGD22 SC-LD URDU

      Urdu finest specimen of Ganga-Jamuni tahzeeb, we must rejoice in our diversity: SC New Delhi: Urdu is born in this land, the Supreme Court has said while describing it as the finest specimen of 'Ganga Jamuni tahzeeb' and stating that considering it a language of Muslims is a "pitiable digression" from reality and unity in diversity.

      LGD37 SC-LD CJI

      CJI Khanna recommends appointment of Justice Bhushan Ramkrishna Gavai as next CJI New Delhi: Chief Justice of India Sanjiv Khanna on Wednesday recommended to the Centre the name of Justice Bhushan Ramkrishna Gavai as the next CJI.

      LGD41 SC-LD WAQF ACT

      Waqf case: Would Muslims be part of Hindu trusts? SC asks Centre New Delhi: If Muslims would be allowed to be a part of Hindu religious trusts, the Supreme Court on Wednesday asked the Centre while hearing pleas challenging the constitutional validity of the Waqf (Amendment) Act, 2025.

      LGD46 SC-2ND LD WAQF ACT

      Properties declared waqf including 'waqf by user' won't be denotified, SC proposes New Delhi: The Supreme Court on Wednesday proposed to order that the properties declared as waqf including "waqf by user" won't be de-notified but the Centre opposed the suggestion and sought a hearing before such a directive.

      BUSINESS DCM80 BIZ-GOOGLE-ADS

      Google suspends 2.9 mn ad accounts in India, removes 247.4 mn ads New Delhi: Internet giant Google suspended 2.9 million advertisers' accounts in India and removed 247.4 million ads in 2024 for abusing its advertisement policy, the company said in a report on Wednesday.

      DCM59 AVI-DGCA-PILOT FITNESS

      DGCA may review framework for pilot fitness, other aspects New Delhi: Aviation regulator DGCA is likely to review the framework in place for pilot fitness aspects and response system at airports in case of medical emergencies, according to a senior official.

      FOREIGN FGN18 US-INDIAN-STUDENT-LAWSUIT

      Indian student, three others file lawsuit against possible deportation from US New York: An Indian was among four students at Michigan public universities who have filed a lawsuit against their possible deportation after their student immigration status was terminated "unlawfully".

      FGN21 US-CHINA-TARIFF

      China now faces up to 245% retaliatory tariff: White House Washington: China now faces tariffs up to 245 per cent on imports to the United States due to its retaliatory actions, the White House has said, as the trade war escalated between the world's two largest economies.

      FGN22 CHINA-TRADE-2NDLD NEGOTIATOR

      China appoints new international trade representative after Trump’s call to resolve tariff deadlock Beijing: China on Wednesday appointed a new top international negotiator after US President Donald Trump said the ball is in Beijing’s court to work out a deal to end the tariff deadlock even as he increased tariffs on Chinese exports to a whopping 245 per cent. By K J M Varma

      FES29 PAK-BALOCH-PROTESTS

      Pakistan: Baloch political party ends weeks-long sit-in Islamabad: An ethnic Baloch political party in Pakistan on Wednesday ended its 20-day-long sit-in in Balochistan province against the arrest of local activists, including their leader Mahrang Baloch. By Sajjad Hussain

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