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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
    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
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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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      From Buenos Aires to Rome: Key dates in life of Pope Francis

      April 21, 2025

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      Vatican City, Apr 21 (AP) Key events in the life of Jorge Mario Bergoglio, who became Pope Francis and died on Monday: December 17, 1936: Jorge Mario Bergoglio is born in Buenos Aires, Argentina, the eldest of five children to Mario Jose Bergoglio, an accountant from Italy, and Regina María Sívori, the daughter of Italian immigrants.

      December 13, 1969: Ordained a priest with the Jesuit religious order, which he would lead as Argentina provincial superior during the country's murderous dictatorship that began in the 1970s.

      May 20, 1992: Named auxiliary bishop of Buenos Aires and in 1998 succeeds Cardinal Antonio Quarracino as archbishop of the Argentine capital.

      February 21, 2001: Elevated to cardinal by St. John Paul II.

      May 2007: Helps draft the final document of the fifth meeting of the Latin American bishops conference in Aparecida, Brazil, synthesising what would eventually become his concerns as pope for the poor, Indigenous peoples and the environment and the need for a missionary church.

      March 13, 2013: Elected 266th pope, the first from the Americas, the first Jesuit and the first to take the name of Francis, after St. Francis of Assisi.

      April 13, 2013: Creates a kitchen cabinet of eight cardinals from around the globe to help him govern the church and reorganize its bureaucracy.

      May 12, 2013: Canonizes the “Martyrs of Otranto”, 813 Italians slain in 1480 for defying demands by Turkish invaders to convert to Islam. With one ceremony, Francis nearly doubled the 480 saints made by St. John Paul II over his quarter-century pontificate, which at the time was more than all his predecessors combined for 500 years.

      July 8, 2013: Makes first trip outside Rome to the Sicilian island of Lampedusa to meet with newly arrived migrants and denounces the “globalisation of indifference” shown to would-be refugees.

      July 30, 2013: Declares “Who am I to judge?” when asked about a gay priest during a news conference, signalling a more welcoming stance toward LGBTQ+ community.

      November 26, 2013: Issues mission statement for his papacy in Evangelii Gaudium, (“The Joy of the Gospel”), denouncing the world financial system that excludes the poor and declaring the Eucharist is “not a prize for the perfect but a powerful medicine and nourishment for the weak”.

      May 25, 2014: Makes an unscheduled stop to pray at wall separating Israel from West Bank town of Bethlehem, in a show of support for the Palestinian cause.

      June 8, 2014: Hosts Israeli and Palestinian presidents for peace prayers in the Vatican gardens.

      March 20, 2015: Accepts the resignation of the “rights and privileges” of Scottish Cardinal Keith O'Brien after adult men accuse him of sexual misconduct.

      June 18, 2015: Issues his environmental manifesto “Laudato Si” (“Praised Be”), calling for a cultural revolution to correct the “structurally perverse” global economic system that exploits the poor and has turned Earth into “an immense pile of filth".

      July 10, 2015: Apologises in Bolivia for the sins and crimes of the Catholic Church against Indigenous peoples during the colonial-era conquest of the Americas.

      September 8, 2015: Overhauls the annulment process to make it faster, cheaper and simpler so divorced Catholics can remarry in the church.

      September 24, 2015: Challenges Congress to rediscover America's ideals by acting on climate change, immigration and poverty reduction in the first speech by a pope at the US Capitol.

      November 29, 2015: Inaugurates the Jubilee of Mercy by opening the Holy Door of the cathedral in Bangui, Central African Republic, rather than at the Vatican.

      Febrruary 12, 2016: Meets Russian Orthodox Patriarch Kirill during a stopover in Havana and declares “We are brothers,” in first such meeting between a pope and patriarch in over 1,000 years.

      February 18, 2016: Prays for dead migrants at the US-Mexico border, later says then-presidential candidate Donald Trump is “not a Christian” for wanting to build a border wall.

      April 8, 2016: Opens the way to letting divorced and civilly remarried Catholics receive Communion in a footnote to the document “Amoris Laetitia” (“The Joy of Love”).

      April 16, 2016: Visits a refugee camp in Lesbos, Greece, and brings 12 Syrian Muslims to Rome aboard his papal plane in an appeal for solidarity toward migrants.

      September 19, 2016: Is questioned in a letter by four conservative cardinals seeking clarification of his opening to divorced and remarried Catholics.

      December 1, 2017: Declares at a meeting in Bangladesh with Myanmar Rohingya refugees that, “The presence of God today is also called Rohingya.” January 19, 2018: Accuses sex abuse victims of slander during a visit to Chile, further undermining Catholic Church's credibility. Subsequently orders a Vatican investigation into Chile's abuse crisis.

      April 12, 2018: Admits to “grave errors” in judgment in Chile's sex abuse scandal. Later summons Chilean bishops to Rome to secure their resignations and invites abuse victims to Vatican to apologize.

      August 3, 2018: Declares capital punishment “inadmissible” under all circumstances in a change to official church teaching.

      July 28, 2018: Accepts the resignation of Cardinal Theodore McCarrick from the College of Cardinals, orders him to penance and prayer pending an investigation into allegations of sexual misconduct with minors and adults.

      August 26, 2018: Retired Vatican ambassador Archbishop Carlo Maria Vigano publishes bombshell accusation claiming US and Vatican officials for two decades covered up McCarrick's sexual misconduct, demands Francis resign.

      September 22, 2018: Vatican and China sign landmark agreement over bishop nominations.

      October 14, 2018: Canonizes slain Salvadoran Archbishop Óscar Romero after his saint-making process was held up for decades by conservative cardinals.

      February 4, 2019: Signs the “Human Fraternity” document with the imam of Al Azhar, establishing collaborative relations between Catholics and Muslims.

      February 16, 2019: Defrocks McCarrick after Vatican investigation finds he sexually abused minors and adults.

      February 21, 2019: Opens first Vatican summit on child protection, warns bishops the faithful demand action, not just condemnation of clergy sexual abuse.

      May 9, 2019: Issues new church law requiring clergy sex abuse to be reported in-house, although not to police; establishes procedures for investigating accused bishops, cardinals and religious superiors.

      October 25, 2019: Apologizes to Amazonian bishops, tribal leaders after conservative activists steal Indigenous statues from Vatican-area church and throw them into Tiber River in show of opposition to the pope.

      November 24, 2019: Declares the use and possession of nuclear weapons “immoral” during a visit to Hiroshima and Nagasaki, Japan.

      December 17, 2019: Abolishes use of “pontifical secret” in clergy sex abuse cases, allowing bishops to share internal documentation about abusers with law enforcement.

      February 12, 2020: Declines to approve ordination of married men as priests after appeals from Amazonian bishops, sidestepping issue in document “Querida Amazonia” (“Beloved Amazon”).

      March 27, 2020: Delivers solitary evening prayer to the world facing the coronavirus pandemic from the promenade of St. Peter's Square.

      October 4, 2020: Issues encyclical “Fratelli Tutti” (“Brothers All,”), arguing the pandemic proves theories of market capitalism failed and a new type of politics is needed to promote human fraternity.

      November 10, 2020: Vatican report into McCarrick finds Vatican, U.S. bishops, cardinals and popes played down or dismissed reports of sexual misconduct but spares Francis.

      March 5-8, 2021: Becomes first pope to visit Iraq, meeting with its top Shiite Muslim cleric.

      July 4, 2021: Undergoes intestinal surgery at Rome's Gemelli hospital, has 33 centimeters (13 inches) of colon removed.

      January 5, 2023: Presides at funeral Mass for Pope Benedict XVI.

      January 24, 2023: Declares in an Associated Press interview that “Being homosexual is not a crime.” March 29, 2023: Is admitted to Rome's Gemelli hospital for respiratory infection; is released April 1.

      June 7, 2023: Undergoes surgery to remove intestinal scar tissue and repair a hernia in the abdominal wall.

      October 4, 2023: Opens a synod on making the church more responsive to ordinary faithful during which women are allowed to vote alongside bishops for the first time.

      November 28, 2023: Cancels visit to Dubai to address UN climate conference and outline a new ecological manifesto “Laudate Deum” ("Praise God") because of a new case of acute bronchitis.

      December 16, 2023: Vatican tribunal convicts Cardinal Angelo Becciu of embezzlement and sentences him to 5½ years in prison in one of several verdicts in a complicated financial trial that aired the city state's dirty laundry and tested its justice system.

      December 19, 2023: Approves blessings for same-sex couples provided they don't resemble marriage, sparking fierce opposition from conservative bishops in Africa, Asia and elsewhere.

      July 5, 2024: Vatican excommunicates leading Francis critic Archbishop Carlo Maria Vigano for schism.

      September 10, 2024: Some 600,000 people, half of East Timor's population, attend Francis' Mass in Dili in what is believed to be the biggest turnout for a papal event in terms of the proportion of the population.

      December 26, 2024: Opens the holy door of Rome's Rebibbia prison, two days after formally inaugurating the 2025 Jubilee.

      January 16, 2025: Appears wearing a sling after a fall that bruised his right arm, just weeks after another apparent fall bruised his chin.

      February 14, 2025: Is hospitalized after a bout of bronchitis worsens and then develops into a complex lung infection and double pneumonia.

      February 28, 2025: His doctors briefly consider suspending treatment after a breathing crisis but decides instead on an aggressive course that risks organ damage.

      March 13, 2025: Marks the 12th anniversary of his election as pope while hospitalised.

      March 23, 2025: Is released from the hospital after 38 days of treatment but looked weak and frail earlier that day when appearing on a balcony to greet the crowd below.

      April 17, 2025: Still recovering from double pneumonia, Francis keeps his Holy Thursday tradition of spending time with the least fortunate, visiting inmates at Rome's Regina Caeli prison.

      Although he says he couldn't perform the ritual of washing the feet of 12 people in a gesture of humility, he adds he wanted to be with them and “do what Jesus did on Holy Thursday”. (AP) PY PY

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