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    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
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
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    August 5, 2026
    Show AI Summary
    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
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    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
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    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
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
    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
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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
    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
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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
    Show AI Summary
    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.

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      HIGHLIGHTS

      August 2, 2025

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      New Delhi, Aug 2 (PTI) Following are the top stories at 5.13 pm: NATION DEL44 PM-2NDLD VARANASI

      In Varanasi, PM Modi dedicates success of Operation Sindoor to Mahadev, slams Opposition Varanasi: Prime Minister Narendra Modi on Saturday invoked Lord Shiva's 'Rudra roop' (fierce form) to describe India's resolute action against terrorism, saying Operation Sindoor showcased the country's strength to the world and delivered a clear message that anyone who dares attack India will not be spared, not even in 'Pataal Lok'.

      DEL45 RAHUL-LD JAITLEY

      Rahul alleges Arun Jaitley threatened him on farm laws, BJP rubbishes charge as 'fake news' New Delhi: Congress leader Rahul Gandhi on Saturday claimed that former finance minister Arun Jaitley had threatened him to not speak against the farm laws else he would face action, a charge rubbished by the BJP as "fake news" and asked him to stick to facts instead.

      DEL35 UP-PM-SWADESHI

      PM Modi urges people to embrace 'swadeshi' spirit amid 'global economic uncertainty' Varanasi: Prime Minister Narendra Modi on Saturday called on citizens to adopt the spirit of "swadeshi" and support locally-made products, stressing that true service to the nation lies in promoting indigenous goods, especially amid "global economic uncertainties".

      DEL36 RAHUL-ELECTIONS

      Election system 'already dead' in country; 2024 LS poll was 'rigged': Rahul Gandhi New Delhi: Congress MP Rahul Gandhi on Saturday stepped up his attack on the Election Commission, alleging that the polling system in the country is "already dead" and the 2024 Lok Sabha election was "rigged".

      CAL9 BH-RAJNATH-OP SINDOOR

      Rajnath flays opposition for raising questions on Operation Sindoor in Parliament Patna: Defence Minister Rajnath Singh on Saturday came down heavily on the Congress-led opposition for “raising questions” about Operation Sindoor “instead of paying tributes to the valour displayed by our armed forces”.

      DEL41 CONSTITUTION-KHARGE

      EC has become PM Modi's 'puppet': Mallikarjun Kharge New Delhi: Amid a row over the special intensive revision of electoral rolls in Bihar, Congress president Mallikarjun Kharge on Saturday alleged that the Election Commission has become a "puppet" of Prime Minister Narendra Modi.

      BOM14 CG-COURT-2NDLD NUNS-BAIL

      Nuns from Kerala walk out of Chhattisgarh jail after getting bail in `trafficking' case Durg: Two nuns from Kerala who were arrested on the charges of human trafficking and forced religious conversion were released from Durg Central Jail in Chhattisgarh after a special court granted them bail on Saturday.

      MDS14 KL-FILM CONCLAVE-2NDLD CM

      Honouring 'The Kerala Story' endorses use of films to spread communal hatred: CM Vijayan Thiruvananthapuram: Kerala Chief Minister Pinarayi Vijayan on Saturday said that awarding national film honours to 'The Kerala Story' can only be seen as an endorsement of attempts to misuse movies to spread communal hatred and urged the cultural and film community to oppose such moves unitedly.

      DEL34 JK-LD ENCOUNTER

      2 terrorists killed in encounter in J-K's Kulgam Srinagar: Two terrorists were killed in an encounter with security forces in Jammu and Kashmir’s Kulgam district on Saturday, officials said.

      DEL37 JK-MHA-PAK-WOMAN

      Pakistani woman deported after Pahalgam attack to get visitor's visa: MHA to J&K HC Jammu: The Ministry of Home Affairs (MHA) has informed the Jammu, Kashmir and Ladakh High Court that it has decided to grant a visitor's visa to Rakshanda Rashid, a Pakistani woman who was deported from Jammu after the Pahalgam terror attack, prompting the court to dismiss her petition seeking nod to return to her family here.

      CAL8 BH-DRAFT ROLLS-TEJASHWI

      Tejashwi claims his name missing in draft electoral rolls; Bihar deputy CM refutes Patna: RJD leader Tejashwi Yadav on Saturday claimed that his name was missing in the “draft electoral rolls” published by the Election Commission as part of the special intensive revision in Bihar, ahead of the assembly polls.

      BOM10 MH-YAVAT VIOLENCE-LD PROBE

      Five FIRs filed over communal violence in Pune's Yavat; more than 500 booked and 17 detained Pune: Police have registered a total of five FIRs against more than 500 persons in connection with the communal violence in Yavat village of Pune district that broke out over an alleged objectionable post on a social messaging platform, officials said on Saturday.

      CAL7 WB-BJP-CAA-BENGALI IDENTITY

      BJP rolls out CAA help desks to blunt Mamata's 'Bengali Asmita' pitch in crucial Matua belt Kolkata: In a push to reclaim the Matua vote and blunt TMC supremo Mamata Banerjee's "Bangali Asmita" pitch, the BJP has launched CAA help desks in parts of West Bengal, facilitating citizenship applications in what is being seen as its most aggressive outreach initiative to woo refugee voters ahead of the 2026 assembly polls. By Pradipta Tapadar

      LEGAL LGD3 SC JUDGE-DISABILITY RIGHTS

      Rights of persons with disabilities: SC judge highlights need to create sensitisation & awareness New Delhi: Supreme Court judge Justice Manmohan on Saturday highlighted the need to create sensitisation and awareness about the rights of persons with disabilities.

      LGD2 SC-EMISSION

      Stakeholders must be on same platform to discuss plan to deal with emissions in power sector: SC New Delhi: The Supreme Court has stressed that all stakeholders must be on the same platform to discuss, formulate and implement the plan to address the issue of carbon emissions arising out of power generation.

      LGD5 JUSTICE CHANDRACHUD-BUNGALOW

      Former Chief Justice of India D Y Chandrachud vacates official residence New Delhi: Former Chief Justice of India D Y Chandrachud has vacated the official residence of the head of the judiciary in the national capital.

      LGD4 UKD-HC-STATUES

      Uttarakhand HC permits relocation of Gandhi, Pant statues in Nainital Nainital: The Uttarakhand High Court has permitted the Nainital district administration to relocate iconic statues of Mahatma Gandhi and Govind Ballabh Pant from their existing locations in the tourist town.

      FOREIGN FGN13 UK-AIR INDIA-CRASH

      Air India crash: UK families await update on DNA-matched remains London: British families, waiting for the remains of relatives aboard the London-bound Air India 171 plane that crashed soon after takeoff from Ahmedabad airport, are expecting confirmation on DNA matches after high-level India-UK government talks, their legal team has said. By Aditi Khanna

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