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    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
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    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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    India, US working towards interim trade agreement: MEA
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    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
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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
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    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
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    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
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    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.

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      Trump, Netanyahu may take victory lap on Iran, but Gaza war looms over their meeting

      July 7, 2025

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      Tel Aviv, Jul 7 (AP) Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump might look to take a victory lap on Monday after their recent joint strikes on Iran, hailed by both as an unmitigated success.

      But as they meet for the third time this year, the outwardly triumphant visit will be dogged by Israel's 21-month war against Hamas in Gaza and questions over how hard Trump will push for an end to the conflict.

      Trump has made clear that following the 12-day war between Israel and Iran, he would like to see the Gaza conflict end soon. The meeting between Trump and Netanyahu could give new urgency to a US ceasefire proposal being discussed by Israel and Hamas, but whether it leads to a deal that ends the war is unclear.

      “The optics will be very positive,” said Michael Oren, a former Israeli ambassador to Washington. “But behind the victory lap are going to be some very serious questions.” Before departing for Washington on Sunday, Netanyahu praised the cooperation with the US for bringing a “huge victory over our shared enemy.” He struck a positive note on a ceasefire for Gaza, saying he was working “to achieve the deal under discussion, on the terms we agreed to.” “I think that the discussion with President Trump can certainly help advance that result, which all of us hope for," Netanyahu said.

      It changes from day to day Israel and Hamas appear to be inching toward a new ceasefire agreement that would bring about a 60-day pause in the fighting, send aid flooding into Gaza and free at least some of the remaining 50 hostages held in the territory.

      But a perennial sticking point is whether the ceasefire will end the war altogether. Hamas has said it is willing to free all the hostages in exchange for an end to the war and a full Israeli withdrawal from Gaza. Netanyahu says the war will end once Hamas surrenders, disarms and goes into exile — something it refuses to do.

      Trump has made it clear that he wants to be known as a peacemaker. He has repeatedly trumpeted recent peace deals that his administration facilitated between India and Pakistan, the Democratic Republic of Congo and Rwanda, and Israel and Iran, and for years has made little secret of the fact that he covets a Nobel Peace Prize.

      He has been pressuring Israel and Hamas to wrap up their own conflict, which has killed tens of thousands of Palestinians, ravaged Gaza, deepened Israel's international isolation and made any resolution to the broader conflict between Israel and the Palestinians more distant than ever.

      But the precise details of the deal, and whether it can lead to an end to the war, are still in flux. In the days before Netanyahu's visit, Trump seemed to downplay the chances for a breakthrough.

      Asked on Friday how confident he was a ceasefire deal would come together, Trump told reporters: “I'm very optimistic — but you know, look, it changes from day to day.” On Sunday evening, he seemed to narrow his expectation, telling reporters that he thought an agreement related to the remaining hostages would be reached in the coming week.

      Trump and Netanyahu are more in sync than ever Those mood swings also have embodied Trump's relationship with Netanyahu.

      After Trump's decision to get involved in Israel's war in Iran with strikes on Iranian nuclear sites, the two leaders are more in sync than ever. But that's not always been the case.

      As recently as Netanyahu's last visit to Washington in April, the tone was markedly different.

      Trump used the photo-op with Netanyahu to announce that the US was entering into negotiations with Iran over its nuclear deal — appearing to catch the Israeli leader off guard and at the time, slamming the brakes on any Israeli military plan.

      He also praised Turkish leader Recep Tayyip Erdogan, a fierce critic of Israel's, in front of Netanyahu, and the two made no apparent progress on a trade deal at the height of Trump's tariff expansion.

      Trump, whose policies have largely aligned with Israel's own priorities, pledged last week to be “very firm” with Netanyahu on ending the war, without saying what that would entail. Pressure by Trump has worked on Netanyahu in the past, with a ceasefire deal having been reached right as the president was taking office again.

      Netanyahu has to balance the demands of his American ally with the far-right parties in his governing coalition who hold the key to his political survival and oppose ending the war.

      But given the strong US support in Israel's war against Iran, highlighted by joint airstrikes on a fortified underground Iranian nuclear site, Netanyahu may have a tough time saying no.

      On Sunday evening, Trump said one of the matters he expected to discuss with Netanyahu “is probably a permanent deal with Iran.” Trump also may expect something in return for his recent calls for Netanyahu's corruption trial to be canceled — a significant interference in the domestic affairs of a sovereign state.

      “Trump thinks that Netanyahu owes him,” said Eytan Gilboa, an expert on US-Israel affairs at Bar-Ilan University near Tel Aviv. “And if Trump thinks that he needs to end the war In Gaza, then that is what he will need to do.” Trump's regional vision The two men will likely discuss the ceasefire with Iran and how to respond to any perceived violations.

      But beyond Iran is Trump's grand vision for a new Middle East, where he hopes that additional countries will join the Abraham Accords, a series of agreements normalizing relations between Arab countries and Israel brokered during Trump's first term.

      Netanyahu and Trump are likely to discuss how to bring Syria into the fold. The country, a longtime enemy of Israel's, has new leadership after the fall of President Bashar Assad, and experts say conditions might be ripe for some kind of nonbelligerency agreement.

      But Trump's ultimate goal is to include regional powerhouse Saudi Arabia.

      The Saudis, whose clout could open the door for other Arab or Muslim countries to join, have expressed interest in normalizing ties with Israel but only if it is accompanied by serious steps toward resolving Israel's conflict with the Palestinians. For starters, that would seem to require action in Gaza.

      “The most important thing (for Trump) is to end the war in Gaza,” Gilboa said. “That is the key to all the regional peace in the Middle East.” (AP) NSA NSA

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