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    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
    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
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    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
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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
    Show AI Summary
    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.

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      Arif Patel Launches a Global Scholarship Program to Empower Education

      September 11, 2025

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      Arif Patel has announced a scholarship program through his foundation, the Arif Patel Foundation. It is a scholarship and mentorship program that is designed to break financial barriers and provide access to quality higher education. As this program is globally launched, he believes that it will benefit all the students who want to pursue their studies but do not have resources. Mr. Arif Patel is the founder of Preston Trading and CEO of ABC Capital but now has decided to do more social work through his several scholarship programs and NGOs. Arif Patel made this announcement at a press conference in Dubai, where he highlighted the role of education in shaping societies and industries. “Knowledge is the foundation of every innovation we see in the world today. By supporting young students, we are not only helping them achieve their dreams but also investing in the progress of communities and the future of global industries,” he stated.

      Based on Patel's own experience, the team will initially start with students in two countries, the UAE and the UK and has set a target for how it is going to help more students from other countries. As per the plan, it may take the next three years to deliver its benefits to other parts of the world as well. The program offers financial aid for school, connections with professional mentorship networks, and career guidance opportunities.

      His Journey from Dubai to Global Leadership Arif Patel's philanthropic efforts are deeply connected to his own journey. A journey of struggle, education and entrepreneurial success. He was born on July 12, 1985, in Dubai, UAE, Patel. As he was brought up in a most luxurious and developed country, it was very early that he developed his early interest in technology, learning, and business. As a child, he had a strong desire to explore opportunities beyond conventional paths, which helped him make brave choices later in life.

      Arif Patel was very young when he had to take a tough decision. In 2010, he and his family planned to move to Preston, United States. But instead of diverting his focus from education, he pursued his bachelor’s degree at the University of Central Lancashire, where he deepened his interest in energy and engineering. He was also passionate about the energy industry and always wanted to explore more. But as he believes education is the best source of any learning, Arif Patel decided to continue his higher studies and went to Heriot-Watt University in Edinburgh, where he earned a Master’s degree in Petroleum Engineering.

      These academic foundations not only sharpened his technical expertise but also nurtured his ability to combine innovation with business strategy—an approach that became the hallmark of his career.

      The Entrepreneurial Rise: Preston Trading and Beyond After his education, Patel established his own company Preston Trading and started his professional journey. As of now, Preston Trading has grown into a leading force in oil and gas exploration, mining, and engineering services. Patel is the main pillar of the company and only under his creative leadership has the company gained recognition for its creative solutions, ethical practices, and strategic adaptability to market challenges.

      In addition to Preston Trading, Arif Patel also co-founded The UK Group, a business group to work together for building partnerships and fostering economic growth. As he has an ability to unite diverse talents and industries, he helped the group to gain a reputation in the international markets.

      In 2012, Arif Patel took on another role as a CEO of ABC Capital in Dubai. ABC Capital is an economic institution that focuses on investment strategies and global finance solutions. It's been more than two decades serving in the same role, and during this tenure, he has led ABC Capital to new heights, positioning it among the most respected firms in the industry. He has also been recognized as one of the Top 10 Best Investment Company Executives, which is a result of his skill in merging financial expertise with visionary leadership.

      His Leadership's Philosophy and Skills Inspire Arif Patel has a unique leadership style that is rooted in ethics, innovation, and empowerment. He has a firm belief that people who work for a company are its best asset. This is the main reason that he always focuses on creating an environment where people are encouraged to work together, be honest, and be creative.

      He has multiple skills, such as: • Strategic Planning and Analysis – Crafting long-term plans for sustainable growth.

      • Project Management—Ensures the execution of excellence across industries.

      • Negotiation and Conflict Resolution—Skilled at making global partnerships with win-win partnerships.

      • Technology Integration—Sharp to adopt any modern technologies, staying ahead of industry trends.

      Arif Patel has a sharp eye to recognize new possibilities and has the skills to find creative solutions for any problem, so people are eager to work with him. He is a highly respected leader in both the energy and finance industries.

      Philanthropy Beyond Business Patel has made several achievements and has earned global recognition through his successful business efforts, but his dedication to helping others is what makes his reputation what it is. Arif Patel is always committed to helping others. This is the main reason behind launching a scholarship program, as he thinks that being successful in business should lead to being responsible in the community.

      In addition to the education scholarship program, Patel has also been involved in healthcare projects, particularly the projects that improve access to medical facilities in underserved communities. Arif Patel is a sports lover and knows the role of sports in building discipline, teamwork, and resilience among young people. He has also made uncountable contributions to youth sports programs.

      At the press event, Patel shared, “Every accomplishment feels incomplete if it does not create value for others. I have clear vision that drives my businesses and charity i.e. to empower people, to enable progress, and leaving behind something meaningful." His Impact on Industries and Communities Through his ventures, Arif Patel has not only helped transform companies but has also influenced industries at the international level. He is known as a pioneer in energy innovation, while ABC Capital has become a trusted name in financial strategy and investment. He has made an easier way for many people to get education and medical care and to grow through his charitable work.

      Patel is an expert at balancing business with community service in his work, so people all over the world know him as a role model for aspiring leaders across the world.

      Builds a Lasting Legacy Arif Patel has a big future vision where he is not only limited to expanding his business, but he is also putting his efforts into building a legacy that integrates economic growth with social progress. Patel has set a standard for leadership that goes beyond boardrooms, where he engages new ideas in businesses and makes communities better at the same time.

      As he continues to steer his companies toward new horizons, his philanthropic endeavors—such as the scholarship initiative—serve as reminders that true success is measured not only in profits but also in the lives impacted along the way.

      Conclusion Arif Patel, who is a global business leader, started his journey from Dubai to Preston and has made a positive impact on society. Hisability to envision possibilities, create opportunities, and give back to society makes him not just a businessman but a changemaker. He has already launched his scholarship program and has a plan to expand this program with more aid in multiple countries. He continues to inspire industries, communities, and individuals who believe that success, when shared, has the power to transform the world.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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