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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
    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
    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
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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.
    August 4, 2026
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    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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      Neemrana Hotels Partners with the Uttar Pradesh and Madhya Pradesh State Governments for Two Heritage Restoration Projects under PPP Model

      July 25, 2025

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      Neemrana Hotels is reshaping more of India’s heritage at Jhansi’s Baruasagar Fort and Chanderi’s Raja-Rani Mahal. Look out for 2027 New Delhi, Delhi, India (NewsVoir) For nearly four decades, Neemrana Hotels has pioneered the art of reviving India’s forgotten architectural treasures, turning historical ruins into revenue-generating heritage ‘non-hotels’. These have breathed new life into 5000 years of India’s past frozen in forgotten ruins. This unique model — conservation through hospitality — has created a new ecosystem of jobs, tourism, and pride in regional identity across the current 18 Neemrana destinations spanning 7 states — now growing to 20 with these two new heritage destinations under the pioneering leadership of Aman Nath, Director and Sonavi Kaicker, CEO, Neemrana Hotels Pvt. Ltd who has played a key role in taking Aman Nath’s visionary work forward since 2010. Now, in a significant move that marks the power of PPP public-private partnerships to conserve India’s architectural wealth, Neemrana Hotels has joined hands with the Governments of Uttar Pradesh and Madhya Pradesh to restore and revitalize two ruins and create new destinations (under the PPP model). These collaborations are more than hotel projects — they are a shared national vision to preserve and present India’s cultural and architectural inheritance to both the domestic and global travellers. Neemrana Hotels will bring its signature “non-hotel” experience to: • Baruasagar Fort, in Jhansi, Uttar Pradesh, and • Raja Rani Mahal, in Chanderi, Madhya Pradesh The restoration work at both properties is now underway, with an official opening expected by 2027 for Baruasagar Fort and 2028 for Raja Rani Mahal. Relive the history of Baruasagar Fort, Jhansi Sitting right above the Baruasagar Lake, with commanding views of the surrounding Bundelkhand plains, the sprawling Baruasagar Fort spread across 7 acres is one of Jhansi’s most enduring and significant historic structures. Believed to have been constructed in the 18th century by the Bundela kings, the fort carries layers of historical association, particularly with the era of Rani Lakshmibai. According to several regional accounts and historical references, the fort was a strategic stronghold in the region, offering tactical advantages due to its elevation and proximity to Jhansi — the very land that played a defining role in India’s First War of Independence in 1857. The architecture of Baruasagar Fort is marked by massive stone ramparts, bastions, and the rugged defensive style characteristic of Bundela architecture. While nature has weathered its stones over time, the structure remains largely intact, providing a strong base for Neemrana’s sensitive (historically accurate restoration) revitalisation. When completed in 2027, this fort will be re-born as a one-of-a-kind experiential waterside property, allowing guests to stay in rooms that once hosted royals and warriors, overlooking the same landscapes that inspired legends. The first phase of restoration will include 25 guest rooms, a restaurant, a swimming pool, spa and various spaces for cultural activities, giving both Indian and international visitors an immersive journey into Bundelkhand’s lesser-known but powerful historical narrative. The destination will also be launched for intimate destination weddings. Raja Rani Mahal, Chanderi: Where heritage tourism meets the infamous Chanderi Silk Further south in Madhya Pradesh, in the timeless warp-and-weft town of Chanderi, Neemrana’s latest project sits like a forgotten jewel waiting to shine again. The Raja Rani Mahal, located in the Inner Town (Andar Sheher) of Chanderi near the historic Musa Bawdi, is a historical palace complex that reflects the legacy of medieval India’s architectural splendour. Built possibly during the 15th century and dating back further to the Khilji dynasty, the intimate palace consists of two architecturally distinct structures for Maharajas and Maharanis — the seven-storey Raja Mahal and the four-storey Rani Mahal — connected by a bridge and a secret passage— a unique design rarely found elsewhere in India. Chanderi is no stranger to heritage. Known widely for its handwoven silk and cotton textiles, Chanderi sarees, and fine architectural remains, the town has long been on the cultural tourism map. However, Neemrana’s restoration of Raja Rani Mahal promises to elevate Chanderi’s status even further — from a weaving town to a global heritage destination. This architectural marvel showcases intricate carvings, large courtyards, open pavilions, and gracefully designed stairways, all crafted in grey and white sandstone. The Raja Mahal is known for its elaborate detailing, while the Rani Mahal features a more delicate and intimate style, differing from its counterpart. The historical property will be restored into a boutique heritage experience with phase one comprising 10–12 guest rooms, each designed in harmony with the palace’s original materials and regional style. The property has also served as the backdrop for numerous Bollywood productions including Stree 2 and Sui Dhaga, giving it a visual familiarity and cinematic aura that guests will now be able to recognize and physically step into. The best time to visit is between October and March, when the weather is pleasant for exploration. Chanderi is well connected via NH 52 to Bhopal, Indore, and Gwalior — perfect for road trips by car or bus — and is also easily accessible through the rail network. Guests can expect to immerse themselves in an experience that blends Chanderi’s heritage with basic modern comforts — from a restaurant serving authentic regional cuisines like Bhutte Ka Kees, to an Ayurvedic wellness spa, experiences that help you stay active even on vacation, and vintage rooms adorned with local textiles that shall tell the story of the region. The project will also include collaborations with local artisans and weavers, helping bring sustainable livelihood to Chanderi’s communities and preserving its intangible heritage alongside the tangible. A New Route Through History Neemrana already operates Deo Bagh, a garden hotel of Gwalior housing Maratha temples and pavilions. With Raja Rani Mahal in Chanderi, Madhya Pradesh will now offer a dual-destination in Neemrana itinerary, ideal for travellers who wish to experience two different stories of India’s bygone era in one trip — one rooted in the Marathas era, the other in medieval Sultanate period. As with all the Neemrana restorations so far, both Baruasagar and Chanderi will offer authentic travel experiences that go beyond history and architecture. With multiple authentic experiences rooted in Indian heritage, along with indoor and outdoor dining spaces to savour local cuisines, these destinations are ideal for travellers of all age groups. State Governments and Neemrana Hotels: A Shared Vision for Heritage India This twin partnership of Neemrana Hotels with the Uttar Pradesh and Madhya Pradesh State Governments signals the proactive efforts of the governments that have been working to ensure that India’s architectural ruins of cultural and national significance are not just to be left abandoned, but preserved and restored in responsible heritage experiences of that region which will simultaneously generate local employment. With Neemrana leading the heritage restoration movement from the forefront, these sites become economic engines, cultural classrooms, and soulful sanctuaries — all at once. “In Neemrana’s hands, ruins are never ruined by adding luxury, they are restored with minimum modern intervention and maximum authenticity,” said a senior official associated with the project. By involving local artisans, reviving traditional skills, and promoting slow, meaningful travel, this model has proven both sustainable and scalable. About Neemrana Hotels Established in 1991, Neemrana Hotels has been a pioneer of the ‘non-hotel’ Hotel concept in India. Now with 20 Neemrana destinations across 8 states — by the sea, beside a serene lake, atop two-billion-year-old hills, along the Ganges, and deep in the Garhwal Himalayas — Neemrana is celebrated for blending restoration with hospitality, making India’s heritage not just accessible, but experiential and sustainable. With these new additions, Neemrana continues its noble mission: to preserve India, with Indians. Website: www.neemranahotels.com. Reservations: [email protected] (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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