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    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    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
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
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    August 5, 2026
    Show AI Summary
    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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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.
    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.
    August 5, 2026
    Show AI Summary
    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.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
    Show AI Summary
    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.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
    Show AI Summary
    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
    Show AI Summary
    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
    Show AI Summary
    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    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.
    August 4, 2026
    Show AI Summary
    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.

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      Customs & Trade

      Trump's first 100 days: What he did, how world responded, as told through AP alerts

      April 29, 2025

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      Washington, Apr 29 (AP) Donald Trump's second presidency has produced a seemingly constant stream of news. The Associated Press has shared the headlines with people worldwide, flagging the most notable developments in hundreds of news alerts.

      The alerts reflect a dizzying stretch of activity by Trump, those who oppose him, the courts and the world. To show the back-and-forth on those issues, we sorted the alerts into six categories.

      The largest number were about actions taken by Trump or his administration. Others indicated lawsuits filed or other steps taken to oppose the administration. In dozens of cases, courts blocked or reversed these actions, or Trump reversed himself.

      Many alerts showed reaction or fallout throughout the world. Others highlighted newsworthy statements by Trump.

      About four dozen — such as alerts about Congress approving Trump-backed bills and nominees — were marked as “other”.

      We identified the areas that saw the most action, based on the alerts, from Trump's inauguration on January 20 to the 100th day of his administration on Tuesday.

      The alerts show how the days played out in some of the areas where Trump focused most, which included immigration, federal spending, foreign policy and tariffs.

      Here are some examples: Swift action on immigration met resistance Trump's earliest actions cracked down on immigration.

      Breaking News: January 20, 1:04 p.m. The Trump administration ended use of a border app called CBP One that has allowed nearly 1 million people to legally enter the US with eligibility to work.

      The courts got involved almost immediately.

      Breaking News: January 21, 1:45 p.m. Eighteen states and two cities sue to block President Trump's executive order ending birthright citizenship.

      Some of Trump's actions were paused as they worked their way through the courts.

      Breaking News: January 23, 1:35 p.m. A federal judge temporarily blocks President Donald Trump's order ending the constitutional guarantee of birthright citizenship.

      Breaking News: February 25, 2:04 p.m. A federal judge in Seattle has blocked President Donald Trump's effort to halt the nation's refugee admissions system.

      As judges sorted through cases, the Trump administration began mass deportations.

      Breaking News: March 15, 5:12 p.m.

      President Trump has invoked the Alien Enemies Act of 1798, a sweeping war time authority last invoked in World War II, to deport members of a Venezuelan gang.

      These actions also came under scrutiny.

      Breaking News: April 9, 12:23 p.m.

      A judge in Texas temporarily barred the US government from invoking the Alien Enemies Act to deport Venezuelans held at a facility in the state.

      The administration also arrested and attempted to deport students who participated in anti-Israel demonstrations.

      Breaking News: March 10, 5:50 p.m.

      Judge orders the Trump administration not to deport a Palestinian activist pending legal fight over his detention.

      Start-and-stop tariffs shook global markets Trump announced – then paused – the first round of tariffs on US trading partners shortly after taking office.

      Breaking News: Feb. 3, 11:03 a.m.

      President Trump says tariffs on goods from Mexico paused for a month for negotiations. Mexico's president said it will put 10,000 troops at the border.

      He then declared April 2 “Liberation Day” … Watch live: April 2, 4:19 p.m.

      President Trump announces sweeping “reciprocal” tariffs to promote US manufacturing, raising risks of higher costs and trade wars.

      … and markets quickly responded.

      Breaking News: April 3, 4:14 p.m.

      Dow suffers its biggest wipeout since 2020 as fears of fallout from President Trump's tariffs shake markets.

      Market meltdown: April 7, 4:04 a.m.

      European and Asian stocks nosedive as Trump doubles down on tariffs and China accuses the US of economic bullying and protectionism.

      Trump backtracked, pausing the tariffs he announced on “Liberation Day” — on all countries except one.

      Breaking News: April 9, 1:33 p.m.

      Stocks surge after President Trump announces a 90-day pause on tariffs, except for China, which he raises to 125 per cent.

      Trade war escalates: April 11, 4:27 a.m.

      China raises retaliatory tariffs on US goods to 125 per cent from 84 per cent.

      Foreign policy focus has bounced around Trump's term began with the president suggesting Palestinians be entirely displaced from Gaza.

      Breaking News: February 4, 7:06 p.m.

      President Trump says he wants the US to take ownership of the Gaza Strip and redevelop it after Palestinians are resettled elsewhere.

      After a blow-up in the Oval Office, the US-Ukrainian relationship dominated the news.

      Breaking News: February 28, 12:37 p.m.

      President Trump and Vice President Vance call Zelenskyy “disrespectful” in an Oval Office meeting, as the Ukrainian leader asks for US security commitment.

      And for a week, headlines covered fallout from The Atlantic's reporting about the sharing of military plans in a group chat that included a journalist.

      Happening Now: March 25, 10:07 a.m.

      Trump intelligence officials face Congress for hearings on national security a day after it was revealed that war plans were texted to a journalist.

      Breaking News: April 3, 2:45 p.m.

      The Pentagon's acting inspector general announces an investigation into Pete Hegseth's use of a Signal chat for Houthi attack plans.

      DOGE took drastic action to cut the federal workforce Trump began cutting the federal workforce from the start – from eliminating thousands of workers across agencies to more targeted firings.

      Breaking News: January 21, 9:34 p.m.

      Trump administration directs all federal diversity, equity and inclusion staff be put on leave and plans to lay them off.

      Trump fires watchdogs: January 25, 1:54 p.m.

      Donald Trump has fired more than a dozen inspectors general at federal agencies in a sweeping action that removes oversight of his new administration.

      Billionaire Trump adviser Elon Musk and the newly created Department of Government Efficiency were soon directing cuts at federal agencies.

      Breaking News: February 24, 9:53 a.m.

      A lawsuit says that Elon Musk's demand that federal employees explain their accomplishments or risk being fired violated the law.

      Among the hardest hit was the US Agency for International Development, which provides aid to other countries.

      Breaking News: February 11, 7:19 p.m.

      The White House fires USAID inspector general a day after a warning about oversight of humanitarian aid, an official says.

      Some of these federal firings were cleared by the courts, while judges temporarily blocked others.

      Breaking News: March 18, 3:30 p.m.

      A federal judge rules the dismantling of USAID likely violated the Constitution and blocks Elon Musk's DOGE from further cuts. (AP) PY PY

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