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    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
    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
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    August 5, 2026
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    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.
    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
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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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
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    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.

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      Trump visiting Gulf Arab states while crises flare in Gaza, Iran

      May 12, 2025

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      Dubai, May 12 (AP) On his trip this week to the Middle East, US President Donald Trump will visit Saudi Arabia, Qatar and the United Arab Emirates, though his most pressing regional challenges concern two other countries: Israel and Iran.

      After ending a ceasefire two months ago, Israel is intensifying the war in the Gaza Strip, where a blockade on food, medicine and other supplies is worsening a humanitarian crisis. And Iran, an enemy of Israel and a rival of Saudi Arabia, stands on the cusp of being able to develop nuclear weapons.

      Yet Trump will focus his attention on three energy-rich nations home to existing or planned Trump-branded real estate projects — places where he aims to leverage American economic interests to do what he personally revels in: making business deals.

      “This is his happy place,” said Jon B Alterman, a senior vice president at the Washington-based Centre for Strategic and International Studies. “His hosts will be generous and hospitable. They'll be keen to make deals. They'll flatter him and not criticize him. And they'll treat his family members as past and future business partners.” But Trump won't be able to avoid altogether diplomacy on Gaza or Iran: The Gulf countries hosting him are also interested in easing the regional tensions that emanate from these two places.

      “Trump can easily score a win by reassuring them of America's strategic commitment to the region, demonstrating consistent messaging and generally rising above the fray,” analysts Elizabeth Dent and Simon Henderson of the Washington Institute for Near East Policy wrote Friday.

      Trump doesn't plan to visit Israel By not scheduling a trip to Israel during his first trip to the region during his second term as president, Trump is reinforcing a feeling in Israel that its interests may not be top of mind for him.

      That sense intensified last week, when Trump announced that the US would halt its strikes on the Houthis, an Iran-backed rebel group in Yemen that agreed to stop its attacks on American vessels in the Red Sea.

      The Houthis' attacks on Israel did not appear to be covered by that deal, which came as a surprise to Israel, according to an Israeli official who spoke on condition of anonymity to discuss a sensitive diplomatic issue. Days after the deal between the US and the Houthis — and despite a two-day Israeli assault on Houthi targets — a missile from Yemen again set off air raid sirens in Israel. Then Israel's military warned Sunday that Houthi-controlled ports in Yemen could be targeted again.

      Trump's move to launch negotiations with Iran over its nuclear programme also jarred Israel, which fears a deal that would not be strict enough to prevent Iran from obtaining a nuclear weapon or rein in its support for regional militant groups.

      Israel had hoped that Trump might provide military assistance in any strike it carried out on the country's nuclear facilities — an action that is unrealistic so long as there are negotiations, or if they reach a deal.

      That has raised questions in Israel over Trump's reliability on other major issues, like a long-sought normalisation deal with Saudi Arabia as part of any defence pact the administration may reach with the kingdom. Saudi Arabia has said it would only normalize ties with Israel in exchange for significant concessions for the Palestinians toward statehood, something the current Israeli government is unlikely to agree to.

      Israel has said it will hold off on expanding the war in Gaza until after Trump's visit, leaving the window open for a new ceasefire deal to materialize. But Trump's earlier attention on the war appears to have shifted, and it's unclear how hard his administration is working to goad the sides toward a deal. Trump has given Israel free rein in Gaza and, like Israel, blames Hamas for any civilian casualties.

      US Ambassador to Israel Mike Huckabee played down any significance to Trump's decision not to visit the country, saying in interviews with Israeli media that his visit to the region was focused on economic issues.

      And on Sunday, Hamas said the last living American hostage in Gaza, Edan Alexander, will be released as part of efforts to establish a ceasefire, reopen crossings into the Israeli-blockaded territory and resume the delivery of aid.

      No major breakthrough in Iran nuclear talks For Iran, much depends on the talks it is having with the US over its rapidly advancing nuclear programme. A reported two-month deadline to reach a deal likely has passed as US officials signal America may push for Iran to give up enrichment entirely — something Tehran has insisted is a red line.

      Although four rounds of talks mediated by Oman have not led to a major breakthrough, they have gone into the so-called “expert level” — meaning specifics about any possible accord likely have been discussed.

      Iranian Foreign Minister Abbas Araghchi traveled over the weekend to both Saudi Arabia and Qatar ahead of Trump's trip. Iran likely is trying to pass messages to the US while signalling its interest in continuing the talks. Iranian officials increasingly threaten to pursue a nuclear weapon, while Trump and Israel have both threatened to strike Iranian nuclear sites if a deal isn't reached.

      The Islamic Republic is running out of options. Its economy has cratered since Trump in 2018 unilaterally pulled America out of their initial nuclear deal with world powers. And Iran's self-described “Axis of Resistance” — a group of aligned nations and militant groups, including Hamas in Gaza and Hezbollah in Lebanon — has been mauled since the Israel-Hamas war began.

      Iran also faces internal political pressure, including from women increasingly refusing to wear the state-mandated headscarf, or hijab.

      There is one thing that unites most Iranians, however — pride over the Persian Gulf. Trump's consideration of having America uniformly call the body of water the “Arabian Gulf” instead drew fierce criticism from across the country.

      “This gulf has always been the Persian Gulf — and it will forever remain the Persian Gulf,” Tehran's Friday prayer leader Ayatollah Ahmad Khatami said Trump's 2017 trip still haunts the Gulf After starting his trip in Saudi Arabia, Trump will then go to Qatar, which recently announced plans for a Trump-branded development there.

      This tight embrace of the president comes after his first trip to the Middle East — in 2017 — apparently sparked what became known as the Qatar crisis. That is when Bahrain, Egypt, Saudi Arabia and the UAE boycotted Qatar over its support of Islamists in the region and its ties to Iran, with which it shares a massive offshore natural gas field.

      The dispute grew so serious that Kuwait's ruling emir at the time, Sheikh Sabah Al Ahmad Al Sabah, suggested on a visit to the White House there could have been “military action.” Trump initially criticized Qatar as having “historically been a funder of terrorism at a very high level” at the start of the boycott. Less than a year later, he praised Qatar and rolled that back. The four nations ended their boycott just before Biden took office.

      Then on Sunday, President Donald Trump said he was ready to accept a luxury Boeing 747-8 jumbo jet as a gift from the ruling family of Qatar during his trip to the Middle East. US officials say it could be converted into a potential presidential aircraft — which would amount to the president accepting an astonishingly valuable gift from a foreign government With crude oil prices trading just over $60 a barrel — lows not seen since 2021 — one major criticism Trump has for the Gulf states isn't there. The question is how Trump will deal with the region's multitude of crises and still-tender wounds.

      To avoid a repeat of the 2017 diplomatic crisis, Trump “should reemphasise efforts to unite the Gulf" said Dent and Henderson, of the Washington Institute for Near East Policy. (AP) NSA NSA

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