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    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
    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
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    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
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    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
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    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
    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
    Show AI Summary
    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
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    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
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    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.

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      Asian Chemicals Forum 2025 Convenes in Mumbai to Shape the Future of Chemical Regulation and Sustainability

      September 24, 2025

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      The Asian Chemicals Forum (ACF) 2025, Asia’s premier platform for regulatory dialogue and sustainable chemical management, is set to take place on October 8–9, 2025, at the ITC Maratha in Mumbai. Jointly organized by the Regulatory Representatives and Managers Association (RRMA) and the Helsinki Chemicals Forum (HCF), with Global Product Compliance (GPC) as the principal sponsor, will bring together a global confluence of government regulators, industry leaders, NGOs, and academics. The forum is dedicated to fostering in-depth dialogues on chemical safety management, regulatory compliance, and sustainable practices across Asia and beyond. As the principal sponsor, it will gather a global confluence of government regulators, industry leaders, NGOs, and academics. The forum is dedicated to fostering in-depth dialogue on chemical safety management, regulatory compliance, and sustainable practices across Asia and beyond. A Forum for Action, Not Just Dialogue Building on the success of its inaugural 2023 event, ACF 2025 will provide a unique forum for in-depth exchange on chemical safety management, compliance, and sustainability practices. With global regulations evolving rapidly, the conference is designed to help businesses, regulators, and stakeholders anticipate change and drive responsible growth within the industry. ACF 2025 will address the most pressing issues facing the chemical industry through carefully selected themes. Attendees will gain exclusive insights from the Key themes • Global Regulatory Impacts on the Asian Market • Challenges and Opportunities for the Chemicals Sector • GHS Developments and Their Implications on the Asian Market • Global Framework on Chemicals Targets and Indicators Event Highlights Delegates will benefit from a dynamic two-day program, featuring • Keynote speeches from international experts at UNEP, OECD, and ECHA. • Expert-led panel discussions with government policymakers and business leaders tackling major industry challenges. • CEO Roundtable on building sustainable chemical portfolios. • Compliance Expo Asia 2025 is an exhibition showcasing cutting-edge innovations in compliance services and sustainability solutions. • RRMA Annual Gathering and training, offering in-depth regulatory knowledge sharing and capacity building. Why Attend ACF 2025? ACF 2025 is a must-attend event for professionals aiming to stay at the forefront of chemical regulation and sustainability. Attendees will • Engage directly with global experts and regulatory authorities from Asia and Europe. • Explore cutting-edge innovations for chemical risk management and compliance. • Gain exclusive insights into upcoming regulatory trends and sustainability practices. • Network with policy leaders, CEOs, and industry pioneers through dedicated sessions and exhibitions. • Position their company as a leader through speaking, sponsorship, and exhibition opportunities. "ACF 2025 is more than a conference; it's a catalyst for collaboration and change," the organizers state. "We are curating an essential dialogue to help the industry navigate evolving regulations and drive responsible chemical management forward. This forum is the best opportunity to get ahead of policy shifts, ensure compliance, and position your organization for sustainable growth." Featured International Speakers ACF 2025 will host global leaders from UNEP, OECD, ECHA, UNITAR, BASF, University of Copenhagen, Ministry of Environment Japan, Peking University, FSSC, and the Chemical Industries Association of the Philippines, among others. Confirmed speakers include • Geert Dancet (RRMA & Founding Executive Director, ECHA) • Jacqueline Alvarez (UNEP) • Bob Diderich and Eeva Leinala (OECD) • Oliver Wootton (UNITAR) • Joonas Alaranta (ECHA) • Agnes Lau (BASF, Singapore) • Nadirah Binti Mohamad (DOSHA, Malaysia) • Albert A. Samuela (Chemical Industries Association, Philippines) • Xenia Trier (University of Copenhagen, Denmark) • Dr. Koki Takaki (Ministry of Environment, Japan) • Dr. Jianguo Liu (Peking University, China) • Ante Batinic (FSSC 24000) Distinguished National Speakers India’s leadership in regulatory science, academia, and industry will be represented by • Dr. Ekta Kapoor (GLP Authority India) • Shikhar Jain (CII) • Dr. Nadeem Khan and Dr. Abhay Deshpande (JRF) • Dr. Satish Wagh (CHEMEXCIL) • Anil Jauhri (RRMA) • Ravi Kapoor (ICC Sustainability Committee) • Ramkumar Shankar (Sanmar Group) • Dr. Vishal Choudhary (Office of the Principal Scientific Adviser – PMO) • Chintan Joshi (TATA Chemicals) • Rupark Sarswat (India Glycols Ltd) • Sagar Kaushik (UPL) • Dr. Sudha Kannan (Aditya Birla) • Satish Sinha (Toxics Link) • Dr. K. Patel (IIT Roorkee) • Dr. Shalini Singh (SABIC)​ ACF 2023: Building Momentum The Asian Chemicals Forum 2023, held on September 5–6 at the India Habitat Centre in New Delhi, marked a significant milestone for the region’s chemical industry. The hybrid event drew more than 250 global professionals, regulators, and industry leaders, creating a powerful platform for dialogue on chemical safety, the UN Framework, and the management of PFAS. With its combination of expert-led panels, focused regulatory training, and high-level networking, ACF 2023 set a new benchmark for collaboration and knowledge exchange in the sector. The event’s success firmly established the Forum as a landmark gathering shaping the future of chemical management across Asia and beyond. Looking Ahead: ACF 2025 Building on this momentum, ACF 2025 in Mumbai is poised to expand both its scope and impact. The upcoming edition will bring together an even larger international community of regulators, policymakers, business leaders, NGOs, and academics, making it the most comprehensive event yet on chemical regulation and sustainability in Asia. With a sharper focus on emerging regulatory frameworks, global sustainability goals, and cross-sector collaboration, ACF 2025 aims to set the agenda for the future of responsible chemical management in the region. Registration and Sponsorship Secure your participation at ACF 2025 today. Explore sponsorship and exhibition opportunities to showcase your leadership in compliance and sustainability. Visit our registration page to reserve your place. About ACF and Organizers The Asian Chemicals Forum (ACF) is jointly organized by the Regulatory Representatives & Managers Association (RRMA) and Helsinki Chemicals Forum (HCF). GPC serves as the knowledge partner and principal sponsor. Building on the success of ACF 2023, the Forum continues to provide a leading platform for dialogue, regulatory harmonization, and sustainable industry practices across Asia and beyond. The ACF conference covers a wide range of topics related to safe chemical use management and will engage 25+ expert speakers from governmental departments, industry leaders, NGOs, and academics from key regions and countries in Asia, Europe, and the USA. Organizers and Partners Joint Organizers • Regulatory Representatives & Managers Association (RRMA) • Helsinki Chemicals Forum (HCF) Knowledge Partner & Principal Sponsor • Global Product Compliance (GPC) Industry Association Partner • Indian Chemical Council (ICC) Institutional Partner • Research and Information System for Developing Countries (RIS) Export Promotion Partner • CHEMEXCIL Media Associate • Enhesa Program Partners • OECD • ECHA (European Chemicals Agency) • European Commission • UNEP (United Nations Environment Programme) • UNITAR (United Nations Institute for Training and Research) Supporting Organizations • United Nations • World Health Organization (WHO) • International Labour Organization (ILO) Trade Association Partner • Indo-American Chamber of Commerce (IACC) (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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