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    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
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    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
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    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
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
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    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
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    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
    Show AI Summary
    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.
    August 4, 2026
    Show AI Summary
    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.

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      Oppn raises Pahalgam attack, Trump's remarks, SIR in session eve meet; govt says open to discuss all issues as per rules

      July 20, 2025

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      New Delhi, Jul 20 (PTI) Government on Sunday indicated its willingness to discuss in Parliament Operation Sindoor, a key opposition demand at an all-party meeting on eve of the Monsoon session, even as the INDIA bloc insisted that Prime Minister Narendra Modi should respond on the matter as well as on the US President's 'ceasefire' claims and SIR in Bihar.

      Sources said the prime minister is unlikely to respond in Parliament on these issues. However, Parliamentary Affairs Minister Kiren Rijiju asserted that the government will reply appropriately whenever a discussion takes place on US President Donald Trump's ceasefire claims on the India-Pakistan conflict.

      After the customary all-party meeting ahead of the session beginning Monday, Rijiju said that the government has sought the opposition's cooperation in the smooth running of Parliament during the month-long session.

      There should be government-opposition coordination in running Parliament smoothly, Rijiju told reporters after the meeting chaired by Union Minister J P Nadda.

      He said they heard the opposition and ruling NDA alliance members patiently and hoped the upcoming session would be very productive.

      As many as 54 leaders of different parties and Independent MPs participated in today's all-party meeting.

      "We are very open to a discussion on important issues like Operation Sindoor. These are issues of great national importance. The government is not shying away and will never shy away, but is open to discussions within rules, conventions," Rijiju asserted.

      Noting that the government accords importance to 'niyam' (rules) and 'parampara' (conventions), he said the matters raised at the meeting would be taken up at the Business Advisory Committee of both houses, where a final decision would be taken.

      "We have noted all the points. We have requested all parties (to ensure) the Parliament functions properly. Have to ensure coordination. It is the responsibility of all to help Parliament function," he said.

      Rijiju also said that the government has noted the demand for allocation of more time to parties with fewer MPs to speak in Parliament. " "We will try and provide adequate time to all, including smaller parties," he said.

      On the opposition's demand for PM Modi to make a statement on the Pahalgam attack and other issues, Rijiju said, "I want to make it clear that the prime minister remains in Parliament except during foreign travel. The prime minister always remains in Parliament, but the prime minister does not remain in the House all the time.

      "Whenever Parliament functions, cabinet ministers are present to respond to issues concerning their departments." Rijiju said the government is bringing 17 key bills, details of which would be provided soon.

      Sources said even the BJP's allies want that there should be a discussion on Operation Sindoor to highlight the achievements of the government after delegations visited different nations.

      After the meeting, Congress leader Gaurav Gogoi told reporters that his party sought Prime Minister Modi's statement on Trump's claims, "lapses" which led to the Pahalgam attack and Special Intensive Revision (SIR) of poll rolls in Bihar.

      He said it was incumbent and moral responsibility of PM Modi to give a statement in Parliament on key issues raised by his party.

      "We hope that the PM will fulfil his moral duty," he said.

      Gogoi said questions have been raised on SIR and EC, and not giving answers will put a shadow of doubt on the fairness of the poll process and future elections.

      It is the prime minister's duty to clarify the government's stand in Parliament, he said.

      He also referred to several armed forces officers raising the issue of a two-pronged attack by China and Pakistan and sought a discussion. It is important to discuss defence and foreign policy and defence budget allocation, and the PM should answer on this, he said.

      Gogoi also sought a discussion on the Manipur situation, "where violence has not ended even after 2.5 years. The PM has visited several small countries but is avoiding going to the small state of Manipur", he said.

      Sanjay Singh of the Aam Aadmi Party (AAP) said he raised the alleged "poll scam" of SIR in Bihar. He also raised Trump's claim that he brokered a 'ceasefire' between India and Pakistan.

      Responding to a question, he said the INDIA bloc was only for the 2024 Lok Sabha polls, and the AAP is contesting assembly polls on its own ever since. AAP had stayed away from the online meeting of the opposition bloc on Saturday.

      JD(U) leader Sanjay Kumar Jha said his party believes that every citizen must have voting rights and has launched a campaign to raise awareness.

      "We have reports that people do not have any issue with this (Bihar SIR). If there is any issue, we will meet the Election Commission...," he said.

      Samajwadi Party's Ram Gopal Yadav said that Jammu and Kashmir Lt Governor's admission of intelligence failure in Pahalgam is a "serious issue". He said India has never allowed third-party mediation on Pakistan and claims by Trump need to be clarified by the government.

      "Our foreign policy is a complete failure... no country has supported India on Operation Sindoor. No muslim country was against us after the 1965, 1971 and Kargil wars, but now no country is with us. We never had such an unsuccessful foreign policy," he claimed.

      Yadav said that democracy "is in danger" in Bihar by the manner in which SIR is being carried out, as the EC or government don't have the right to deny voting rights to anyone. "But in Bihar, crores are being denied voting rights," he alleged.

      Supriya Sule of NCP-Sharad Pawar demanded that the prime minister respond in Parliament on the issues of Pahalgam attack, Operation Sindoor and Bihar's SIR.

      "Everyone will feel good if the prime minister speaks in Parliament on these issues," she said.

      BJD's Sasmit Patra said the Centre can't escape responsibility for the "failing" law and order in states and demanded a discussion in Parliament during the upcoming session.

      He was referring to an incident of self-immolation by a college student and another case of a 15-year-old being set on fire by a group of men in Odisha.

      Patra alleged there was a "complete collapse" of law and order in Odisha, and the BJP government there was "helpless" and had "failed".

      CPI(M)'s John Brittas said Prime Minister Modi should speak in Parliament on Trump's claims on Operation Sindoor and the Pahalgam terror attack.

      National Conference MP Altaaf Hussain said he raised issues of Jammu and Kashmir. "Post Pahalgam terrorist attack, the current situation of Jammu and Kashmir is not as it is being shown to the people of the country. I asked the government to ensure that innocent locals are not bothered." Gogoi, Jairam Ramesh, Pramod Tiwari of Congress, Supriya Sule of NCP-Sharad Pawar, DMK's T R Baalu and Tiruchi Siva, AIADMK's M Thambidurai, SAD's Harsimrat Badal, SP's Ram Gopal Yadav, RPI (A) leader and Union minister Ramdas Athawale were among those who attended the meeting. PTI PK/KR/SKC NAB RT RT

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