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    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
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    August 5, 2026
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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
    Show AI Summary
    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
    Show AI Summary
    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
    Show AI Summary
    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
    Show AI Summary
    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.

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      'Hong Kong Summer Viva': Calling All Fans to Dive into Festivals, Games and Parties – Only in Hong Kong!

      July 11, 2025

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      Hong Kong (NewsVoir) This summer, Hong Kong invites the world to experience “Hong Kong Summer Viva,” a season-long celebration of everything we love about summer, with exclusive experiences, parties and adventures for every type of fan. From theme park parties and island escapes to action-packed sports events, buzzing fairs and surprise pop-ups, Hong Kong Summer Viva is your invitation to dive headfirst into a summer to remember – only in Hong Kong.

      Global Fans Unite for Fun-Filled Theme Park Celebrations Get ready to groove into the summer party vibes! Starting June 28, Hong Kong Disneyland Resort (HKDL) has begun its 20th anniversary celebrations with The Most Magical Party of All, a year-long extravaganza filled with three unmissable festivities, including a brand-new anniversary-only castle stage show, largest-ever parade and the grandest nighttime spectacular in HKDL’s history. At this day-to-night party, tempt your tastebuds with more than 80 new food and drink creations, complete your party look with over 300 all-new 20th anniversary merchandise, and receive a complimentary digital party photo via the Disney PhotoPass mobile app.

      In collaboration with the Hong Kong Tourism Board, the Resort is introducing a limited-time postcard redemption offer. Fans registered on the DHK who spend HK$100 or more in a single transaction at any merchandise store in Hong Kong Disneyland Park can receive a complimentary, resort exclusive postcard* (while stocks last).

      Guests can mail the postcard for free using the in-park mailbox, sharing the magic of the 20th Anniversary celebration with friends and family around the world. Make your summer even more magical with this special keepsake! Over at Ocean Park Hong Kong, the fun continues with Ocean Park Summer Splash 2025. From 5 July to 24 August, panda lovers are in for a treat as they celebrate the first birthday of the Hong Kong’s panda twins – Jia Jia and De De, and meet their newest IP character installations, which are dressed in summer gear to welcome all visitors. Ocean Park Hong Kong will also offer special deals for overseas panda fans, including its first-ever “Twin Park Package Ticket” granting access to both parks. Guests can also receive an exclusive summer goodie bag filled with a panda luggage tag and park vouchers, with first come first serve purpose.

      The family-friendly Summer Splash 2025 also features water gun battle zones, a giant ball pool and adorable water play areas for little ones. As day turns to night, Water World Ocean Park Hong Kong will be turning up the energy with a splash-tastic dance party, including live DJ sets and picture-perfect sea views.

      Football Fever Takes Over Hong Kong Kicking off at the end of July, Hong Kong Football Festival 2025 will bring together four of the world’s top clubs – Liverpool FC, AC Milan, Arsenal, and Tottenham Hotspur – to face off at the new Kai Tak Stadium. Fans can catch two blockbuster matches on separate days: Liverpool FC vs. AC Milan on 26 July, and Arsenal vs. Tottenham Hotspur on 31 July, marking the first North London Derby played outside the UK.

      Exclusive open training sessions at Kai Tak Stadium offer rare access on 24 July (Liverpool FC), 29 July (Tottenham Hotspur), and 30 July (Arsenal). AC Milan’s Open Training will be held at the Hong Kong Stadium on 25 July. Additional club-led events and activities for fans will be announced. Please stay tuned! For Cristiano Ronaldo fans, the CR7® LIFE Museum Hong Kong will be on display for the first time in Asia, starting July 7 at K11 MUSEA. First signature museum of the football GOAT in Asia offers a captivating journey through the life and career of football’s greatest icon, Cristiano Ronaldo. This unique exhibition offers fans an unprecedented glimpse into the world of football through the eyes of one of the sport's most celebrated players.

      Sun-Soaked Islands and Marine Adventures for Outdoor Enthusiasts Island-hopping in Hong Kong offers more than just sun and sea – it’s a gateway to natural wonders and rich marine life, too. From June to August, travellers can enjoy a breezy two-hour “Sai Kung Volcanic Rock Region Boat Tour” with Recommended Geopark Guide (R2G) across this scenic UNESCO-listed corner of Hong Kong, where dramatic coastal formations like the Elephant Trunk Cave await.

      UNESCO Global Geopark - R2G Boat Tour of the Sai Kung Volcanic Rock Region Details: The Sai Kung Geopark boat tour runs from June to August, taking place every Tuesday, Saturday, and Sunday. Each day offers three rides at 9:00 AM, 12:00 PM, and 3:00 PM. The tour begins at Sai Kung Pier and follows a scenic route that includes a 30-minute stop at Sharp Island, followed by views of the bell-shaped sea arch, Basalt Island, Po Pin Chau, and Elephant Trunk Cave, before returning to Sai Kung Pier. The entire tour lasts approximately two hours.

      Tours are conducted in both English and Mandarin. The fee is HK$380 per person, with the same price applying to both adults and children. To join the tour, participants can register online at Trip.com.

      For a deeper dive beneath the surface, book your spot on a guided Coral Exploration Programme with the WWF Hong Kong Hoi Ha Marine Life Centre in the northeastern New Territories. You’ll glide over the marine park on a glass-bottomed boat, spot vibrant coral reefs and learn about local coral restoration efforts – a fascinating look at the city’s vibrant underwater ecosystem.

      Coral Exploration Tour Details: The Coral Exploration Tour is available from June to September and offers a unique opportunity to learn about Hong Kong's marine environment and the Hoi Ha Marine Park. Participants will explore the coral community in Hoi Ha and observe the vibrant corals of Hoi Ha Wan aboard a glass-bottomed boat. This activity is suitable for individuals aged 5 and above. The tour also includes a visit to a coral nursery facility.

      Round-trip transportation between Sai Kung and Hoi Ha Wan is provided. Tours are conducted in both English and Mandarin. The fee is HK$360 per person, with the same rate for both adults and children. To register, visit WWF Hong Kong’s booking page.

      2 Must-Visit Summer Fairs for Curious Minds Book lovers can look forward to two exciting events at the Hong Kong Convention and Exhibition Centre (HKCEC) in Wan Chai this summer. From 16 to 22 July, the Hong Kong Book Fair returns with the theme of the year, “Food Culture • Future Living”. It brings together publishers, authors and readers to promote the culture of reading through seminars with renowned authors from around the world, a range of cultural activities and the World of Art and Culture zone, all to inspire the public to explore reading the world.

      Then, from 25 to 29 July, the spotlight shifts to fandoms of a different kind with the five-day Ani-Com & Games Hong Kong (ACGHK), the city’s premier festival for anime, comics, gaming and cosplay. Whether you're a devoted manga enthusiast or just dipping your toes into the gaming world, this high-energy pop culture fest delivers an afternoon of colour, creativity and pure fun. ACGHK 2025 introduces a dedicated Tourist Fast Lane (Gate 1B) at normal ticket price for international visitors holding valid travelling documents.

      Even More Hong Kong Summer Events and Offers Besides attractions, hotels and Quality Tourism Services (QTS) Scheme-certified merchants are supporting HKTB’s “Hong Kong Summer Viva” thematic promotion. Starting on 23 June, locals and visitors can enjoy more than 100 summer dining and spending offers, including more than 20 of buy-one-get-one-free offers, covering merchandises and tourism products such as sweet soup drink, beverages, hotel afternoon tea sets and hotel buffet deals and many more. Various attractions and transport operators will also provide discounts and hospitality treats, such as free packages for round trip peak tram ride and Sky Terrace 428 admission ticket and water taxi tour around Victoria Harbour for HK$100. Further details will be announced in due course.

      Visit the Hong Kong Summer Viva page for full event details and insider tips. And don’t miss the revamped Discover Hong Kong travel platform, now featuring monthly event timelines, powerful search tools and up-to-date listings to help you plan the ultimate summer getaway.

      Click here to download high-res images.

      About Hong Kong Tourism Board (HKTB) The Hong Kong Tourism Board (HKTB) is a government-subvented body tasked to market and promote Hong Kong as a travel destination worldwide and enhance visitors’ experience once they arrive. These include making recommendations to the Government and other relevant bodies on the range and quality of visitor facilities.

      The HKTB’s missions are to maximise the social and economic contribution made by tourism to the community of Hong Kong and to consolidate Hong Kong’s position as a unique, world-class, and most desired destination.

      (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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