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    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
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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
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    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
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    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
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    August 5, 2026
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    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
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    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
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    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
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    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
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    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
    August 5, 2026
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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.

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      Russia may hope to use Trump's 50-day window to wear down Ukraine, but quick gains seem unlikely

      July 16, 2025

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      Washington, Jul 16 (AP) President Donald Trump's ultimatum to Russia to accept a peace deal in Ukraine within 50 days or face bruising sanctions on its energy exports has given the Kremlin extra time to pursue its summer offensive.

      The dogged Ukrainian resistance, however, makes it unlikely that the Russian military will make any quick gains.

      President Vladimir Putin has declared repeatedly that any peace deal should see Ukraine withdraw from the four regions that Russia illegally annexed in September 2022 but never fully captured.

      He also wants Ukraine to renounce its bid to join NATO and accept strict limits on its armed forces -– demands Kyiv and its Western allies have rejected.

      A chronic shortage of manpower and ammunition has forced Ukrainian forces to focus on holding ground rather than launching counteroffensives.

      But despite a renewed Russian push — and an onslaught of aerial attacks on Kyiv and other cities in recent weeks — Ukrainian officials and analysts say it remains unlikely that Moscow can achieve any territorial breakthrough significant enough in 50 days to force Ukraine into accepting the Kremlin's terms anytime soon.

      Russia's main targets Since spring, Russian troops have accelerated their land gains, capturing the most territory in eastern Ukraine since the opening stages of Moscow's full-scale invasion in 2022.

      Russian forces are closing in on the eastern strongholds of Pokrovsk and Kostyantynivka in the Donetsk region, methodically capturing villages near both cities to try to cut key supply routes and envelop their defenders — a slow offensive that has unfolded for months.

      Capturing those strongholds would allow Russia to push toward Slovyansk and Kramatorsk, setting the stage for the seizure of the entire Donetsk region.

      If Russian troops seize those last strongholds, it would open the way for them to forge westward to the Dnipropetrovsk region. The regional capital of Dnipro, a major industrial hub of nearly 1 million, is about 150 kilometres (just over 90 miles) west of Russian positions.

      The spread of fighting to Dnipropetrovsk could damage Ukrainian morale and give the Kremlin more leverage in any negotiations.

      In the neighboring Luhansk region, Ukrainian troops control a small sliver of land, but Moscow has not seemed to prioritize its capture.

      The other two Moscow-annexed regions — Kherson and Zaporizhzhia — seem far from being totally overtaken by Russia.

      Early in the war, Russia quickly overran the Kherson region but pulled back from large swaths of it in November 2022, retreating to the eastern bank of the Dnieper River. A new attempt to cross the waterway to seize the rest of the region would involve massive challenges, and Moscow doesn't seem to have the capability to mount such an operation.

      Fully capturing the Zaporizhzhia region appears equally challenging.

      Russian attempts to establish a buffer zone Moscow's forces captured several villages in northeastern Ukraine's Sumy region after reclaiming chunks of Russia's Kursk region from Ukrainian troops who staged a surprise incursion in August 2024.

      Ukraine says its forces have stopped Russia's offensive and maintain a presence on the fringe of the Kursk region, where they are still tying down as many as 10,000 Russian troops.

      Putin recently described the offensive into the Sumy region as part of efforts to carve a “buffer zone” to protect Russian territory from Ukrainian attacks.

      The regional capital of Sumy, a city of 268,000, is about 30 kilometres (less than 20 miles) from the border. Putin said Moscow doesn't plan to capture the city for now but doesn't exclude it.

      Military analysts, however, say Russian forces in the area clearly lack the strength to capture it.

      Russian forces also have pushed an offensive in the neighbouring Kharkiv region, but they haven't made much progress against fierce Ukrainian resistance.

      Some commentators say Russia may hope to use its gains in the Sumy and Kharkiv regions as bargaining chips in negotiations, trading them for parts of the Donetsk region under Ukrainian control.

      “A scenario of territorial swaps as part of the talks is quite realistic,” said Mikhail Karyagin, a Kremlin-friendly political expert, in a commentary, Wearing down Ukraine with slow pressure Ukrainian commanders say the scale and pace of Russian operations suggest that any game-changing gains are out of reach, with Moscow's troops advancing slowly at a tremendous cost to its own forces.

      While exhausted Ukrainian forces are feeling outnumbered and outgunned, they are relying on drones to stymie Moscow's slow offensive. Significant movements of troops and weapons are easily spotted by drones that are so prolific that both sides use them to track and attack even individual soldiers within minutes.

      Russian military commentators recognize that Ukraine's drone proficiency makes any quick gains by Moscow unlikely. They say Russia aims to bleed Ukraine dry with a strategy of “a thousand cuts”, using relentless pressure on many sectors of the front and steadily increasing long-range aerial attacks against key infrastructure.

      “The Russian army aims to exhaust the enemy to such an extent that it will not be able to hold the defence, and make multiple advances merge into one or several successes on a strategic scale that will determine the outcome of the war,” Moscow-based military analyst Sergei Poletayev wrote in an analysis.

      “It's not that important where and at what speed to advance: the target is not the capture of this or that line; the target is the enemy army as such.” Western supplies are essential for Ukraine Ukrainian troops on the front express exasperation and anger about delays and uncertainty about US weapons shipments.

      Delays in US military assistance have forced Kyiv's troops to ration ammunition and scale back operations as Russia intensifies its attacks, Ukrainian soldiers in eastern Ukraine told The Associated Press.

      The United States will sell weapons to its NATO allies in Europe so they can provide them to Ukraine, according to Trump and US Secretary of State Marco Rubio. Included are Patriot air defense systems, a top priority for Ukraine.

      Speeded-up weapons shipments from European allies are crucial to allowing Ukraine to stem the Russian attacks, according to analysts.

      “The rate of Russian advance is accelerating, and Russia's summer offensive is likely to put the armed forces of Ukraine under intense pressure,” Jack Watling of the Royal United Services Institute in London said in a commentary.

      But most of the capabilities that Ukraine needs — from drones to artillery systems — can be provided by NATO allies in Europe, he said.

      “In the short-term, Europe can cover most of Ukraine's needs so long as it can purchase some critical weapons types from the US,” Watling said. (AP) PY PY

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