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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
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    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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      Kandima Maldives Announces a Star-Studded 'Summer Kamp' 2025 Featuring Global Talent

      June 18, 2025

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      Kandima announces Expert-Led Summer Sessions from Indian expert-led creative pottery and painting classes to International F2 Racing Driver and a Leading British Dance DJ to Art Kandima, Maldives (NewsVoir) This summer, Kandima Maldives is set to redefine the ultimate island escape with its two-month-long “Summer Kamp” (7 July – 7 September 2025).

      The vibrant lifestyle resort will launch a curated, extraordinary line-up of world-class talent from India and across the globe, bringing guests a thrilling mix of music, motorsport, art, and culture in one of the world’s most breathtaking destinations.

      A new wave of travel is emerging where experiences, not just destinations, take centre stage. With global education tourism projected to reach $1.3 trillion by 2033, travellers are increasingly opting for immersive getaways that combine fun with personal enrichment.

      From exclusive DJ masterclasses and high-octane karting experiences to interactive art workshops, “Summer Kamp” 2025’s interactive itinerary promises guests an unforgettable blend of entertainment, learning, and memory-making, tailored to guests of all ages.

      An Unparalleled Summer Line-up Paintheads – Masters of Sensory Art Exploration Mumbai-based art innovators and co-founders of Paintheads, Kunj Mehta and Rushil Sheth, bring their boundary-breaking workshops to Kandima’s vibrant KULA Art Studio and iconic Breeze Pool Bar from 30–31st August. With a focus on immersive, hands-on creativity, the duo will lead a series of signature sessions designed to help children turn their island experiences into expressive, memory-laden artworks.

      Through their acclaimed formats like Island Impressions and Unmasked, kids will be guided to transform the sights, sounds, and textures of the Maldives into layered, mixed-media pieces. From masking tape techniques to using travel memorabilia for collage art, each activity offers a unique way to unplug from screens and reconnect with nature, self-expression, and imagination. These are joyful, sensory storytelling sessions that promise to leave participants with treasured keepsakes and lasting memories.

      Craft India Collaborative – Shaping Stories Through Clay Celebrated for her contemporary revival of Indian crafts, Garvi Kotak, founder of Craft India Collaborative, will lead a vibrant sculpting series from 15–17th August at Kandima’s KULA Art Studio. Across three unique workshops, guests will be guided through the tactile art of clay sculpting, using everyday inspirations to mould beautiful, expressive pieces by hand.

      Each hour-long session will explore a different theme, encouraging young creators to turn ordinary moments into extraordinary forms. While the foundation remains in pottery, the outcomes are shaped entirely by imagination—making each creation a one-of-a-kind masterpiece. With a blend of tradition, play, and creativity, these workshops offer a grounded yet inspiring way to experience the magic of Indian craftsmanship.

      A Celebration of Sound & Speed For motorsport enthusiasts, Formula 2 champion and rising F1 star Théo Pourchaire will take guests on an adrenaline-fueled karting journey from 1-4 August, hosted at Kandima’s newly launched, professional grade e-Go Karting course, Fast Track. Formula 2 and Formula’s youngest ever race winner, Théo will host a series of interactive workshops, Karting 101, meet and greets, and a Time Trials Challenge, where guests will have the chance to compete for a spot in a thrilling final race alongside the young racing star himself. He’ll also offer guests an exclusive day-in-the-life insight into the fastest growing sport in the world, with a Q&A session.

      Beyond the track, Théo will also lead a Kart Craft session at Kandima’s KULA Art Studio, where guests can design their own miniature karts or helmets, with the best submission winning an exclusive resort Adding to the experience, Kandima’s vibrant Breeze Bar and Fast Track circuit will host a dynamic mix of music and motorsport. Jaguar, acclaimed British DJ and BBC Radio 1 host, will lead a high-energy DJ workshop and Q&A session on 24–25 July, where guests can explore mixing techniques and gain behind-the-scenes insights into the electronic music world.

      A Summer Unlike Any Other More than just a holiday destination, Kandima continues to defy the traditional Maldivian holiday experience with its innovative and engaging programming. “Summer Kamp” has been designed to appeal to guests of all ages, offering a dynamic blend of learning, creativity, and entertainment in one of the world’s most breathtaking locations.

      Adding to the excitement, PlaySpace, set to open soon, will be the ultimate entertainment hub, featuring cutting-edge VR experiences, arcade games, a bowling alley, and more, offering endless fun for families, teens and adults alike. Whether seeking adrenaline-pumping action or immersive digital adventures, Kandima guarantees a next-level island escape for the whole family.

      Bookings Now Open From art lovers and culture seekers to aspiring DJs and motorsport enthusiasts, guests will have the rare opportunity to engage with industry professionals in an intimate and inspiring setting. “Summer Kamp” is set to be one of the most highly anticipated experiential travel offerings of the season and can be enjoyed by all guests visiting during 7 July – 7 September. Travellers looking to combine 5* hospitality with immersive learning and entertainment can book a stay from 7th July from *USD 260 per night in a Sky Studio on a B&B basis when booked direct with Kandima.

      For more information, visit the “Summer Kamp”, visit the homepage.

      About Kandima Maldives This game-changing resort is an affordable lifestyle destination. Kandima Maldives is smart, playful, rooted, and responsible. This 3-kilometre resort is a place with an authentic Maldivian soul. It is all about genuine hospitality with a human touch and innovative solutions that make use of the latest technology. Kandima Maldives is part of the hospitality group Pulse Hotels & Resorts and caters to guests of all ages: families, couples, groups of friends, and honeymooners. Whether you seek relaxation, both aquatic and island adventures, well-being, fitness or just family time, this 270-room beach resort has something for everybody. With one of the longest outdoor pools in the Maldives, a football pitch, tennis and volleyball courts, Aquaholics water sports, E-Go-Karting and dive centre, Kula art studio and many more, there is plenty to keep everyone occupied.

      For more details, please visit our website – www.kandima.com/ or follow us on our social channels: Instagram @kandima_maldives Facebook @kandima.maldives X @kandimamaldives (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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