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    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    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
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    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
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    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
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August 6, 2026
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Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
August 6, 2026
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Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
August 6, 2026
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Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
August 6, 2026
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Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
August 6, 2026
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Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
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
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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
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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.

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PMLA / Black Money

HIGHLIGHTS

July 14, 2025

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New Delhi, Jul 14 (PTI) Following are the top stories at 9.24 pm: NATION DEL55 AVI-2NDLD AIRINDIA-CRASH-CEO

Air India CEO says crash probe raises more questions, premature to jump to any conclusion New Delhi: The preliminary report into the crash of Air India flight AI171 last month has raised more questions, the airline's CEO said as he defended the fitness of pilots and aircraft saying no mechanical or maintenance issues have been flagged in the report.

DEL99 ED-2NDLD VADRA

ED questions Robert Vadra for 5 hours in Sanjay Bhandari-linked PMLA case New Delhi: Robert Vadra, the businessman husband of Congress MP Priyanka Gandhi Vadra, was on Monday questioned for about five hours by the Enforcement Directorate (ED) in a money laundering case linked to UK-based arms consultant Sanjay Bhandari and some others, official sources said.

DEL67 SPACE-LD AXIOM

Shubhanshu Shukla sets off on return journey to earth as Dragon undocks from ISS New Delhi: Astronaut Shubhanshu Shukla and three others of the commercial Axiom-4 mission on Monday embarked on a journey back to Earth as their Dragon Grace spacecraft undocked from the International Space Station - their home for the last 18 days.

CAL14 OD-STUDENT-LD HEALTH

FM College student condition critical, but stable; father appeals to all to pray for her recovery Bhubaneswar: The condition of the 20-year-old college student who set herself on fire for allegedly being denied justice over "sexual harassment" by a teacher, remained critical for the third consecutive day on Monday, hospital sources here said.

DEL41 JK-2ND LD MARTYRS-OMAR

Omar Abdullah scales graveyard gates to offer tributes to martyrs Srinagar: A defiant Jammu and Kashmir Chief Minister Omar Abdullah on Monday scaled the gates of the Naqshband Sahib graveyard to pay tribute to 22 people killed by the Dogra army in 1931 and alleged that efforts were made to “manhandle” him and his colleagues.

DEL93 PB-SESSION-LD SACRILEGE

Anti-sacrilege bill introduced in Punjab Assembly, proposes punishment up to life imprisonment, Rs 10 lakh fine Chandigarh: The AAP government on Monday introduced in the Punjab Assembly an anti-sacrilege bill, proposing punishment up to life imprisonment for sacrilegious acts against religious scriptures.

DEL78 LD-KANWAR (R)

UP CM reviews preparations, Delhi CM warns against disturbing Kanwar Yatra as people throng temples New Delhi: The Kanwar Yatra got into high gear on the first Monday of the Hindu month of Shravan with Uttar Pradesh Chief Minister Yogi Adityanath reviewing preparations and his Delhi counterpart Rekha Gupta saying her government would ensure “secure” passage for the Shiv devotees. Reports also came in of an eatery allegedly being vandalised in Muzaffarnagar by a group of kanwariyas.

DEL101 AVI-AIRINDIA-CRASH-REPORT-IPG

AI171 crew deserves fact-driven investigation, not conjecture, says AI pilots body Mumbai: Indian Pilots Guild, an association of Air India pilots, on Monday slammed the preliminary report on Boeing 787-8 plane crash on June 12, saying that the crew of AI171 deserves a thorough, "fact-driven investigation" and not conjecture or sensationalism.

BOM26 MH-PLANE CRASH-REPORT-CHATURVEDI (R)

Shiv Sena (UBT) MP Chaturvedi questions handling of AAIB report Mumbai: Shiv Sena (UBT) MP Priyanka Chaturvedi on Monday wrote to Civil Aviation Minister K Rammohan Naidu, questioning how “sensitive findings” on the Air India plane crash in Ahmedabad were “leaked” to international media before an official disclosure in India.

MDS20 KA-GADKARI-BRIDGE-2ND LD INAUGURATION

Union Minister Nitin Gadkari inaugurates Sigandur bridge, CM Siddaramaiah boycotts event Shivamogga/Bengaluru: Union Minister for Road Transport and Highways Nitin Gadkari on Monday inaugurated India's second-longest cable-stayed Sigandur bridge in Shivamogga. The event was boycotted by Karnataka Chief Minister Siddaramaiah and his cabinet colleagues, who claimed that they were not consulted.

BUSINESS DEL91 AVI-DGCA-LD BOEING PLANES

DGCA asks airlines to check fuel switch locking system in Boeing 787, 737 planes Mumbai: Aviation watchdog DGCA on Monday directed airlines to inspect the fuel switch locking system in their Boeing 787 and 737 planes, two days after AAIB's preliminary report said fuel switches were cut off before the Air India plane crash that killed 260 people last month.

LEGAL LGD28 SC-FREEDOM-LD SPEECH

'Citizens must know value of freedom of speech, expression': SC mulls framing guidelines New Delhi: The Supreme Court on Monday said citizens must know the value of the right of freedom of speech and expression, and exercise self restraint as it mulled guidelines to regulate offensive social media posts.

LGD39 SC-RECORDED CONVERSATIONS-LD SPOUSES

Secret recording of conversations of spouses can be used in matrimonial cases: SC New Delhi: The Supreme Court on Monday held "secretly" recorded conversations of spouses to be evidence in matrimonial disputes, including divorce proceedings.

LGD14 SC-LD KERALA NURSE-YEMEN

Indian nurse on death row in Yemen: Nothing much government can do, Centre tells SC New Delhi: The Centre on Monday informed the Supreme Court that the government could do "nothing much" in the case of an Indian nurse facing execution on July 16 for murder in Yemen.

LGD31 DL-LD COURT-HERALD

National Herald case: Court to pronounce order on ED chargesheet cognisance on Jul 29 New Delhi: A Delhi court on Monday reserved its order on taking cognisance of the chargesheet filed by the Enforcement Directorate in the National Herald case.

LGD15 SC-LD SIMI-BAN

SC junks plea against extension of ban on SIMI New Delhi: The Supreme Court on Monday dismissed a plea challenging an order confirming the five-year extension of the ban imposed on the Students Islamic Movement of India (SIMI).

FOREIGN FGN68 SINOINDIA-JAISHANKAR-4THLD-WANG Need to address de-escalation; competition should not turn into conflict: EAM Jaishankar in Beijing Beijing/New Delhi: India and China should build on "good progress" in normalising the bilateral ties to address border-related issues including de-escalation, and it is essential to avoid "restrictive trade measures and roadblocks", External Affairs Minister S Jaishankar said on Monday during talks with his Chinese counterpart Wang Yi.

FGN60 UK-AIRINDIA-CRASH

UK families ‘troubled’ by ‘very serious questions’ raised by Air India plane crash report London: The families of the British victims of the London-bound Air India plane crash are “troubled and concerned” following the release of a preliminary report and will be seeking answers to the “very serious questions” raised, the UK law firm advising over 20 of the families said on Monday.

FGN25 RUSSIA-INDIAN-WORKFORCE

Russia to import 1 million skilled workforce from India Moscow: Russia will import up to 1 million workforce by the end of this year to address labour shortage in the country's highly industrialised areas, a business leader said.

PTI OZ OZ

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