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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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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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      Trump in speech to UN says world body 'not even coming close to living up' to its potential

      September 23, 2025

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      United Nations, Sep 23 (AP) President Donald Trump returned to the United Nations on Tuesday to boast of his second-term foreign policy achievements and lash out at the world body as a feckless institution.

      World leaders listened closely to his remarks at the UN General Assembly as Trump has already moved quickly to diminish US support for the world body in his first eight months in office. Even in his first term, he was no fan of the flavour of multilateralism that the United Nations espouses.

      After his latest inauguration, he issued a first-day executive order withdrawing the US from the World Health Organisation. That was followed by his move to end US participation in the UN Human Rights Council, and ordering up a review of US membership in hundreds of intergovernmental organisations aimed at determining whether they align with the priorities of his “America First” agenda.

      Trump escalated that criticism on Tuesday, saying it's “empty words don't solve wars." “What is the purpose of the United Nations?” Trump said. “I've always said (the UN) has such tremendous, tremendous potential, but it's not even coming close to living up to that potential.” Trump offered a weave of jarring juxtapositions in his address to the assembly.

      He trumpeted himself as a peacemaker and enumerated successes of his administration's efforts in several hotspots around the globe. At the same, Trump heralded his decisions to order the US military to carry out strikes on Iran and more recently against alleged drug smugglers from Venezuela and argued that globalists are on the verge of destroying successful nations.

      The US president's speech is typically among the most anticipated moments of the annual assembly. This one comes at one of the most volatile moments in the world body's 80-year-old history.

      Global leaders are being tested by intractable wars in Gaza,Ukraine and Sudan, uncertainty about the economic and social impact of emerging artificial intelligence technology, and anxiety about Trump's antipathy for the global body.

      Trump has also raised new questions about the American use of military force in his return to the White House, after ordering US airstrikes on Iranian nuclear facilities in June and a trio of strikes this month on alleged drug-smuggling boats in the Caribbean Sea.

      The latter strikes, including at least two fatal attacks on boats that originated from Venezuela, has raised speculation in Caracas that Trump is looking to set the stage for the ouster of Venezuelan President Nicolás Maduro.

      Some US lawmakers and human rights advocates say that Trump is effectively carrying out extrajudicial killings by using US forces to lethally target alleged drug smugglers instead of interdicting the suspected vessels, seizing any drugs and prosecuting the suspects in US courts.

      “This is by far the most stressed the UN system has ever been in its 80 years,” said Anjali K. Dayal, a professor of international politics at Fordham University in New York.

      Trump to hold one-on-one talks with world leaders Trump touted “the renewal of American strength around the world" and his efforts to help end several wars. He peppered his speech with criticism of global institutions doing too little to end war and solve the world's biggest problems.

      General Assembly President Annalena Baerbock on Tuesday said that despite all the internal and external challenges facing the organisation, it is not the time to walk away.

      “Sometimes we could've done more, but we cannot let this dishearten us. If we stop doing the right things, evil will prevail,” Baerbock said in her opening remarks.

      Following his speech, Trump will hold one-on-one meetings with UN Secretary-General António Guterres and the leaders of Ukraine, Argentina and the European Union. He will also hold a group meeting with officials from Qatar, Saudi Arabia, Indonesia, Turkiye, Pakistan, Egypt, the United Arab Emirates and Jordan.

      He'll return to Washington after hosting a reception Tuesday night with more than 100 invited world leaders.

      Gaza and Ukraine cast shadow over Trump speech Trump has struggled to deliver on his 2024 campaign promises to quickly end the Israel-Hamas war in Gaza and Russia's invasion of Ukraine. His response has been also relatively muted as some longtime American allies are using this year's General Assembly to spotlight the growing international campaign for recognition of a Palestinian state, a move that the US and Israel vehemently oppose.

      France became the latest nation to recognise Palestinian statehood on Monday at the start of a high-profile meeting at the UN aimed at galvanizing support for a two-state solution to the Mideast conflict. More nations are expected to follow.

      Trump, for his part, in the lead-up to Tuesday's address has tried to keep focus on getting agreement on a ceasefire that leads Hamas to releasing its remaining 48 hostages, including 20 still believed be alive.

      But in his address, he sharply criticized the statehood recognition push.

      “The rewards would be too great for Hamas terrorists," Trump said. “This would be a reward for these horrible atrocities, including Oct. 7.” Trump also addressed Russia's war in Ukraine.

      It's been more than a month since Trump's Alaska summit with Russian President Vladimir Putin and a White House meeting with Ukrainian President Volodymyr Zelenskyy and key European leaders. Following those meetings, Trump announced that he was arranging for direct talks between Putin and Zelenskyy. But Putin hasn't shown any interest in meeting with Zelenskyy and Moscow has only intensified its bombardment of Ukraine since the Alaska summit.

      European leaders as well as American lawmakers, including some key Republican allies of Trump, have urged the president to dial up stronger sanctions on Russia. Trump, meanwhile, has pressed Europe to stop buying Russian oil, the engine feeding Putin's war machine.

      Trump said a "very strong round of powerful tariffs which would stop the bloodshed, I believe, very quickly.” He repeated his calls on Europe to “step it up” and stop buying Russian oil.

      Trump has Oslo dreams Despite his struggles to end the wars in Ukraine and Gaza, Trump has made clear that he wants to be awarded a Nobel Peace Prize, repeatedly making the spurious claim that he's "ended seven wars” since he returned to office.

      He again highlighted his administration's efforts to end conflicts, including between Israel and Iran, India and Pakistan, Egypt and Sudan, Rwanda and the Democratic Congo, Armenia and Azerbaijan, and Cambodia and Thailand.

      “It's too bad that I had to do these things instead of the United Nations doing them,” Trump said. “Sadly, in all cases, the United Nations did not even try to help in any of them.” Although Trump helped mediate relations among many of these nations, experts say his impact isn't as clear cut as he claims. (AP) GSP

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