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    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    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
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    August 6, 2026
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
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    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
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    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
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    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
    Show AI Summary
    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    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.

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      Beyond Burn: How WTF Gyms Is Quietly Building India’s Most Profitable Fitness Platform

      August 1, 2025

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      In an industry where headlines have long belonged to high-profile burnouts, one company is quietly rewriting the playbook for India’s fitness infrastructure — without noise, without fundraisers, and without closing a single gym. WTF Gyms, a bootstrapped fitness tech startup led by founder Vishal Nigam, is steadily assembling what could become India’s most profitable and scalable fitness ecosystem — not through celebrity endorsements or multi-crore studios, but by solving the root operational dysfunction most others ignored. “India didn’t need more gyms,” Vishal says. “It needed a better way to run them.” The Rise and Stall of India’s First Fitness Wave Over the past decade, India’s urban fitness boom saw the rise of branded chains with sleek interfaces, glossy memberships, and nine-figure venture rounds. Their growth, however, often masked fragile business models: high capex, premium rent locations, and customer retention strategies that faltered beyond Tier 1 cities. While these brands initially captured mindshare, they struggled to hold onto real estate, margins, or user trust. In the post-pandemic reset, many pulled out of Tier 2/3 cities. Some shuttered gyms without notice. The model that once defined “premium fitness” in India was suddenly retreating — even as demand continued to rise. That’s the gap WTF stepped into. WTF’s Core Insight: Infra, Not Branding, Is the Bottleneck Unlike most new-age fitness brands that started with software or identity, WTF began with a question: Why are thousands of Indian gyms sitting underutilized or failing to scale? The answer was twofold: 1. Gym owners lacked SOPs, tech, and customer lifecycle systems. 2. New operators were burning too much capital building from scratch. WTF designed a solution that flipped both problems. Their model is clear and replicable: • Take over existing gyms on a 5-year lease • Pay owners a fixed monthly rent (₹50K–₹80K) • Standardize tech, branding, staff training, and pricing • Own 100% of revenue, operations, and P&L • Break even at the gym level in 3–6 months There’s no co-ownership, no equity dilution, and no friction. Gym owners hand over control. WTF runs the show — end to end. Why This Model Works (And Scales) The brilliance of the WTF approach is its capital discipline. There is no gym construction, no real estate purchase, and no heavy marketing upfront. Instead, the company leverages India’s 3.5 billion sq. ft. of under-utilized gym infrastructure, and plugs in SOPs, tech, and monetization playbooks. The result? • Over 50 gyms live • 0 closures to date • 100+ gyms targeted by Q3 2025 • Each gym breaks even in ~90 days • No institutional funding raised so far By solving the operational layer, WTF has enabled a gym network that doesn’t bleed — it compounds. “We don’t compete with old gym chains. We replace what they left behind — and make it work,” Vishal explains. The Monetization Engine: 5 Verticals, 1 Gym What truly differentiates WTF Gyms isn’t just its lean execution — it’s the way each gym becomes a revenue flywheel, monetizing every square foot through five integrated verticals: 1. Memberships + Personal Training The core engine of every location. • Dynamic pricing models tailored to local markets • Trainer incentives linked to retention and upsell performance • AI-powered trainer allocation system to boost utilization 2. WTF Everyday Stores (Retail & D2C) Each gym features an in-store retail section connected directly to wtfeveryday.com, offering: • Certified supplements, protein bars, hydration boosters • Branded gear, gym apparel, and merchandise • On-ground sales teams to drive conversion and product trials 3. WTF Academy (Trainer Education) Every WTF Gym doubles up as a certified training center powered by wtfgymsacademy.com. • ACE-aligned personal trainer certification programs • In-person and hybrid learning models • Guaranteed placement within the WTF Gym network • Over 100 students onboarded in Q1 2025 alone 4. WTF Amplify (Ads & Brand Monetization) Through in-gym digital screens and the WTF Member App, WTF offers brands premium fitness media inventory via WTF Amplify at www.wtfamplify.com: • Real-time content delivery on screens across 50+ gyms • App-level native banners for targeted fitness audiences • Monetization of idle visual space with performance tracking 5. WTF Reboot (Corporate Wellness) The company’s fast-scaling B2B vertical, WTF Reboot powered by www.wtfreboot.com, delivers holistic wellness programs to Indian enterprises, including: • On-site fitness assessments and group workouts • Personalized fitness and nutrition plans for employees • Monthly engagement tracking and wellness reporting • Pilots already underway with leading firms across India Each WTF Gym, therefore, becomes much more than a place to work out — it’s a: • Fitness Center (Memberships) • Retail Outlet (WTF Everyday) • Classroom (WTF Academy) • Media Unit (WTF Amplify) • Corporate Wellness Hub (WTF Reboot) This multi-vertical strategy creates operational resilience, diversified revenue, and deep community engagement — all from a single, optimized space. Unit Economics Built for India A typical WTF gym (~3,000 sq. ft.) operates with the following profile: • Revenue: ₹4–5 lakh/month • Costs: ₹3.5–4 lakh/month • Rent: Pre-negotiated fixed rate • Capex: ₹0 (owner bears refurb) • Break-even: Within 90 days • Closure rate: 0% This makes WTF one of the rare fitness companies where growth does not require fresh funding — it only needs replicable playbooks and disciplined execution. A Founder With Operational DNA While many fitness startups have emerged from tech or finance, WTF’s founder comes from the ground. Vishal Nigam spent years embedded in gyms — studying churn, speaking to staff, testing retention flows, and observing what breaks inside Tier 2/3 markets. What he saw was this: no one had truly productized gym operations. “Everyone was trying to reinvent fitness. I just wanted to standardize it,” he says. Today, WTF’s in-house tech stack — covering member management, trainer allocation, revenue tracking, SOP compliance, and upsell automation — is the company’s most defensible asset. And it’s working. Trainer performance is up. Member engagement is tracked in real-time. Every revenue spike has a dashboard trail. The Bigger Picture: Fitness Infra for Bharat While legacy chains built for Delhi, Mumbai, and Bengaluru, WTF is focused on scaling where others exited — Indore, Nagpur, Surat, Jabalpur, and beyond. In these markets: • Rental costs are stable • Word-of-mouth drives acquisition • Members value consistency and community • Trainers seek formal employment pathways By meeting these needs with precision, WTF is building what Cult, Fitternity, and others could never crack: a profitable gym network beyond metros. What’s Next • 100 gyms live by Q3 • Everyday Stores in all locations • Corporate wellness across 50 companies • AI-based fitness journey mapping in-app • Tier 3 rollout to begin in Q4 • Middle East pilot under review for 2026 “We’re not a gym chain. We’re building a nationwide fitness backbone,” Vishal says. Final Word In the noise of India’s startup ecosystem, it’s easy to overlook companies that aren’t shouting. But sometimes, the strongest businesses are the ones quietly doing the work — gym by gym, SOP by SOP. WTF Gyms may not have raised ₹500 crore. But they’ve done something far rarer: built a model that works — profitably, repeatably, and across the heart of India. And that’s how revolutions begin. Learn more: wtfgyms.com | wtfeveryday.com | wtfgymsacademy.com Press Contact: WTF Gyms Media Desk [email protected] New Delhi, India (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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