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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
    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
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
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    August 5, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      HIGHLIGHTS

      July 25, 2025

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      New Delhi, Jul 25 (PTI) Following are the top stories at 5 pm: NATION DEL69 JUSTICE VARMA-LD LOK SABHA

      Lok Sabha to take up motion to remove Justice Varma, motion not admitted in Rajya Sabha New Delhi: Lok Sabha will take up a bipartisan motion to remove Justice Yashwant Varma, who is embroiled in a suspected corruption case, as the opposition-sponsored notice for a similar motion in Rajya Sabha was not admitted.



      PAR9 RS-LD ADJOURN RS adjourned for the day amid Opposition uproar over Bihar voter rolls revision issue New Delhi: The Rajya Sabha proceeding was adjourned for the day shortly after it reassembled at noon on Friday as Opposition parties started raising slogans demanding the withdrawal of the Special Intensive Revision (SIR) of voter rolls in Bihar.

      PAR11 LS-LD ADJOURN

      Lok Sabha adjourned for the day due to persistent Opposition protests over SIR New Delhi: Lok Sabha proceedings were adjourned for the day on Friday as Opposition protests continued over the revision of electoral rolls in Bihar, capping the Monsoon session's first week which has been washed out.

      PAR7 RS-OATH

      Kamal Haasan, 3 others take oath as Rajya Sabha MPs New Delhi: Four newly elected Rajya Sabha MPs from Tamil Nadu, including actor-turned-politician Kamal Haasan on Friday took oath as member of the House.

      DEL60 JUSTICE VARMA-LOK SABHA

      Proceedings to remove Justice Varma to begin in Lok Sabha: Rijiju New Delhi: The motion to remove Justice Yashwant Varma, who is embroiled in a suspected graft case, will be taken up in Lok Sabha, Parliamentary Affairs Minister Kiren Rijiju announced on Friday, stating that it was agreed by all parties to move unitedly in action against alleged corruption in judiciary.

      DEL52 CONG-OBC-RAHUL

      My mistake we couldn't get caste census done earlier; correcting that now: Rahul Gandhi New Delhi: Congress leader Rahul Gandhi on Friday acknowledged that it was his "mistake" and not that of the party that they could not get a caste census conducted earlier, saying he is correcting that now.

      DEL51 LSQ-HEALTH-COVID-VACCINATION

      ICMR study found Covid vaccination didn't raise risk of unexplained sudden deaths among young adults: Nadda New Delhi: An ICMR study has found that Covid vaccination did not increase the risk of unexplained sudden deaths among young adults in India, Union Health Minister J P Nadda told Lok Sabha on Friday.

      DEL55 CONG-OBC-LD KHARGE

      Cong has prepared plan to bring OBCs to forefront, asked CMs to launch schemes: Kharge New Delhi: Congress chief Mallikarjun Kharge on Friday said the party has prepared a plan to bring people from the Other Backward Classes (OBCs) to the forefront and asked all Congress chief ministers to launch new welfare schemes for this section of society.

      DEL28 PAR-LS-DISRUPTIONS

      Lok Sabha to run smoothly from Monday as Birla meets party leaders New Delhi: Lok Sabha Speaker Om Birla on Friday convened a meeting of senior leaders of political parties, where it was decided that the House will function smoothly from Monday onwards, parliamentary sources said.

      DEL57 MIB-LD OTT

      ALTT, ULLU among 25 OTT apps banned for obscene, vulgar content New Delhi: The government has ordered the blocking of websites and apps of 25 OTT platforms, including Ullu, ALTT, and Desiflix, for having obscene, vulgar and in some cases, pornographic content.

      DEL29 MANIPUR-PREZ RULE

      Centre set to extend President's rule in Manipur for another 6 months, resolution to come up in RS New Delhi: The Centre is set to extend President's rule in Manipur for another six months from August 13 and a notice for bringing a statutory resolution on it has been given to the Rajya Sabha, which has been admitted by the chair.

      CAL17 BH-TEJASHWI-LD RABRI DEVI

      JD(U)-BJP 'conspiring' to get Tejashwi 'murdered': Rabri Devi Patna: Former Bihar Chief Minister Rabri Devi on Friday alleged that the ruling JD(U)-BJP combine had hatched a "conspiracy" to "murder" her son Tejashwi Yadav ahead of assembly polls.

      DEL37 RJ-5TH LD SCHOOL COLLAPSE

      Seven children killed, 28 injured in Rajasthan school collapse Jhalawar: A portion of a government school in Rajasthan's Jhalawar district collapsed on Friday just as the students were assembling for morning prayers, killing seven children and leaving 28 injured, some of them critically.

      DEL25 MODI-INDIRA-TENURE

      Modi overtakes Indira Gandhi to become PM with second longest unbroken stint New Delhi: Narendra Modi on Friday overtook Indira Gandhi to become the second longest serving prime minister of India in consecutive terms.

      DEL65 DEF-LD MISSILE

      DRDO test-fires drone-launched missile New Delhi: A drone-launched precision guided missile has been successfully test-fired by the Defence Research and Development Organisation (DRDO) at a test range in Andhra Pradesh.

      DEL59 MOE-IGNOU-VC

      Uma Kanjilal appointed first woman VC of IGNOU, 4 decades after university was set up New Delhi: Uma Kanjilal has been appointed the first woman Vice Chancellor of the Indira Gandhi National Open University (IGNOU), four decades after the university was established, according to education ministry officials.

      DEL50 JK-GAMING APPS-TERROR

      Chat facility in gaming apps now communication tool for terror groups: officials Srinagar: Online war games akin to PUBG requiring chats with partners anonymous or otherwise have emerged as a key communication channel for terror groups and Pakistan’s ISI to convey messages to their recruits in Jammu and Kashmir, officials here said. By Sumir Kaul

      BUSINESS DEL40 BIZ-LD INDOUK-FTA-RBI-GUV

      UK FTA will help India; need more such pacts with other countries: RBI Guv Sanjay Malhotra Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday welcomed the signing of the free trade agreement with the UK, saying it will help multiple sectors of the Indian economy.

      LEGAL LGD18 DL-COURT-RANA

      26/11 Mumbai attack: Court seeks Tihar jail response on Rana's plea for phone call with kin New Delhi: A Delhi court on Friday sought the reply of Tihar jail authority on the plea of 26/11 Mumbai attack accused Tahawwur Hussain Rana seeking a phone call to family members.

      LGD12 SC-FILM-UDAIPUR FILES

      Udaipur Files: SC asks Delhi HC to hear pleas against Centre decision for release of film New Delhi: The Supreme Court on Friday directed the Delhi High Court to hear on July 28 the pleas challenging the Centre's nod to release "Udaipur Files - Kanhaiya Lal Tailor Murder".

      LGD15 SC-HOMELESS PEOPLE

      Rehabilitation of homeless with psychosocial disabilities sensitive issue: SC New Delhi: The Supreme Court on Friday said the rehabilitation of homeless persons suffering from psychosocial disabilities was a sensitive issue and directed the Centre to take it up "very seriously".

      LGD14 DL-HC-SEXUAL ASSAULT

      Mere friendship with girl doesn’t give man right to have sex without consent: Delhi HC New Delhi: The Delhi High Court has said mere friendship with a girl doesn't give a man right to have sex with her without consent and dismissed a man's bail plea accused of sexually assaulting a minor.

      LGD13 CH-HC-SOLDIER

      Soldier deployed in military operation, shot at by fellow soldier can't be denied benefits: HC Chandigarh: The Punjab and Haryana High Court has said a soldier deployed in a military operation being shot at by a fellow soldier cannot be denied benefits applicable to the ones killed in action.

      FOREIGN FGN17 THAI-INDIA-ADVISORY

      Indian mission in Thailand issues travel advisory amidst ongoing unrest Bangkok: The Indian embassy in Thailand on Friday issued an advisory for its nationals in the country, urging them to avoid travelling to seven provinces amid ongoing unrest along the Thailand-Cambodia border.

      FGN15 PM-MALDIVES-ARRIVAL

      PM Modi arrives in Maldives for two-day visit Male: Prime Minister Narendra Modi arrived in the Maldives on Friday on a two-day visit, during which he will attend the archipelago nation's 60th Independence Day celebrations as the chief guest.

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