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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
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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.

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      Leading Indian Academic Dr.C. Raj Kumar and Parliamentarian Dr. Abhishek M. Singhvi Address Members of Japanese Parliament at the Diet

      June 26, 2025

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      Tokyo, 26 June 2025: Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor of O.P. Jindal Global University (JGU), addressed members of the Japanese Parliament at the National Diet of Japan during a high-level policy dialogue aimed at strengthening India–Japan strategic cooperation. This prestigious event, hosted by the Japanese Parliamentary Committee for World Federation, was themed: “India and Japan: Partners in Democracy, Drivers of Innovation, and Architects of a Sustainable Future.” In his address to the Japanese Parliamentarians, Professor (Dr.) C. Raj Kumar underscored the growing significance of inter-parliamentary dialogue and academic partnerships in tackling shared global challenges. “We are witnessing a historic moment where universities and parliaments must work together to shape the future of democracy and development,” said Professor Kumar. “India and Japan can lead the way—not only through economic cooperation, but by investing in people, knowledge, and institutions that advance peace, justice, and sustainability.” Professor Kumar further stated: “JGU’s presence in Japan’s Parliament is a symbol of the power of education to bridge cultures and build alliances. We believe that meaningful diplomacy must also be academic, intellectual, and people-centric.” The highlight of the session was an address by Dr. Abhishek M. Singhvi, Senior Advocate of the Supreme Court of India and Member of Parliament (Rajya Sabha), who spoke eloquently about the shared democratic values of India and Japan and their potential to influence the global discourse. Dr. Singhvi called for deeper collaboration between India and Japan in areas such as technology, education, climate resilience, and global governance, while stressing the need for a peaceful, inclusive, and sustainable Indo-Pacific vision. “India and Japan are not just allies of circumstance—we are civilizational partners in democracy, innovation, and global responsibility,” said Dr. Singhvi. “As two of Asia’s strongest democracies, our task is to jointly lead by example—through pluralism, through peace, and through principled partnerships for the planet.” The event brought together more than 35 senior members of the Japanese legislature and government officials.

      Mr. Seishiro Eto, Former (17th) President of the Japanese Parliamentary Committee for World Federation (Acting President in the absence of Chairman Fukushiro Nukaga), inaugurated the dialogue and extended a warm welcome to the distinguished Indian guests.

      H.E. Mr. Sibi George, Ambassador of India to Japan, was invited to the interaction and conveyed his deep appreciation to the members of the Japanese Parliament, the Government of Japan, and the Indian delegation from O.P. Jindal Global University led by Professor (Dr.) C. Raj Kumar for advancing meaningful bilateral cooperation in higher education and research.

      Hon’ble Shingo Miyamoto, Director-General, Ministry of Foreign Affairs, South Asia Department, expressed his optimism for the fast-growing relations between Japan and India across multiple domains, particularly in the sphere of higher education and institutional collaboration.

      Hon’ble Kuniko Inoguchi, Member of the House of Councillors, Former Minister of Gender Equality, and Professor at Sophia University, warmly welcomed the Indian delegation. She highlighted her longstanding engagement with India and expressed her enthusiasm for seeing a greater presence of Indian students and Indian knowledge traditions in Japan.

      Hon’ble Dr. Sukehiro Hasegawa, a respected parliamentary expert and former UN official, welcomed stronger India–Japan exchanges, stating that “Japan needs Indian creativity and imagination to invigorate its global policies, and for the two countries to become strong global leaders together.” The event saw participation from a broad spectrum of Japanese political parties and parliamentary experts, underscoring the deep, cross-party interest in strengthening Indo-Japanese ties.

      Distinguished participants included at the National Diet of Japan: Liberal Democratic Party: • Hon’ble Masahiko Shibayama, Member of the House of Representatives, Acting Secretary-General, Former Minister of Education, Culture, Sports, Science and Technology • Hon’ble Kuniko Inoguchi, Member of the House of Councillors, Co-Vice Chairperson, Former Minister of Gender Equality • Hon’ble Fukushiro Nukaga, Member of the House of Representatives, President, Japanese Parliamentary Committee for World Federation; Former Minister of Finance; Former Director-General of the Japan Defence Agency • Hon’ble Rintaro Ishibashi, Member of the House of Representatives • Hon’ble Yohei Onishi, Member of the House of Representatives • Hon’ble Masaaki Koike, Member of the House of Representatives • Hon’ble Jun Tsushima, Member of the House of Representatives • Hon’ble Hirofumi Takinami, Member of the House of Councillors Constitutional Democratic Party of Japan • Hon’ble Yuki Baba, Member of the House of Representatives • Hon’ble Motoko Mizuno, Member of the House of Councillors • Hon’ble Mamoru Umetani, Member of the House of Representatives • Hon’ble Hiroki Saito, Member of the House of Representatives • Hon’ble Shinji Sugimura, Member of the House of Representatives • Hon’ble Sekio Masuda, Member of the House of Representatives • Hon’ble Daiki Michishita, Member of the House of Representatives • Hon’ble Issei Yamagishi, Member of the House of Representatives • Hon’ble Hiroshi Kasa, Member of the House of Representatives • Hon’ble Ayaka Shiomura, Member of the House of Councillors Democratic Party For the People • Hon’ble Kiichiro Hatoyama, Member of the House of Representatives (Son of Former Prime Minister Hon’ble Yukio Hatoyama) Japan Innovation Party • Hon’ble Kenta Aoshima, Member of the House of Councillors Japanese Communist Party • Hon’ble Tetsuya Shiokawa, Member of the House of Representatives NHK Party • Hon’ble Satoshi Hamada, Member of the House of Councillors Sanseitō • Hon’ble Yuko Kitano, Member of the House of Representatives Independent • Hon’ble Makiko Dogome, Member of the House of Councillors Government of Japan • Hon’ble Shingo Miyamoto, Director-General, Ministry of Foreign Affairs, South Asia Department Collaborating Organization WFM Youth Forum • Hon’ble Koji Mitamura, Chairperson • Hon’ble Kohei Mitamura, President, Mitamura Group (Fukuhō Bank Founding Family, Owner of Bunky Corporation entrusted by MEXT, and the Koshinomiyako Media Network) Parliamentary Experts • Hon’ble Dr. Sukehiro Hasegawa, Former Special Representative of the UN Secretary-General • Hon’ble Masakuni Tanimoto, International Committee Chairman of WFM-Japan; Under Secretary-General, Japanese Parliamentary Committee for World Federation This parliamentary engagement marked Professor Raj Kumar’s second consecutive address at the National Diet of Japan, following his 2024 lecture on “The Role of India and Japan in Global Governance.” His return this year reaffirms O.P. Jindal Global University’s steadfast commitment to academic diplomacy and its growing leadership in strengthening India–Japan relations through education.

      The interaction at the National Diet was a powerful testament to the shared democratic values, strategic convergence, and mutual aspirations of India and Japan. It highlighted the indispensable role of education, research, and intellectual exchange in crafting a resilient, innovative, and peaceful future for both nations and the broader Indo-Pacific region.

      (Disclaimer: The above press release comes to you under an arrangement with O.P. Jindal Global University and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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