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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
    Show AI Summary
    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
    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
    Show AI Summary
    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
    Show AI Summary
    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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      OPPO Launches the Reno14 5G Diwali Edition, Featuring Industry-First Heat-Sensitive Colour-Changing Technology for India

      September 25, 2025

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      New Delhi, September 25, 2025: Building on the tremendous response to the Reno14 series, OPPO is bringing festive sparkle to its lineup with the introduction of the Reno14 5G Diwali Edition. Designed exclusively for India, this special edition brings together two firsts: a one-of-a-kind, in-depth cultural design that beautifully integrates a mandala, peacock and festive motifs, and the industry’s first heat-sensitive colour-changing technology for India*. This innovation creates a unique experience that feels just as meaningful as it is magical, symbolising the spirit of Diwali with the triumph of light over darkness. The Reno14 5G Diwali Edition is now available in an 8GB + 256GB variant for ₹39,999, but as a special festive offer, it can be purchased for as low as ₹36,999 — across mainline retail outlets, OPPO e-store, Flipkart, and Amazon.

      Commenting on the launch, Goldee Patnaik, Head – PR and Communications, OPPO India, said, “Diwali is a time of light, joy, and togetherness, and with the Reno14 5G Diwali Edition, we wanted to craft something that truly reflects the spirit of the festival. This special edition draws inspiration from India’s rich cultural heritage — from the sacred mandala to the vibrant peacock — and pairs it with the magic of the industry’s first heat-sensitive colour-changing design, creating a device as celebratory as the season itself. It’s not just a smartphone; it’s a festive keepsake designed to mirror the joy and warmth of Diwali.” A Canvas of Celebration – Design Rooted in Heritage The design of the Reno14 5G Diwali Edition is deeply rooted in India’s traditions, told through symbols that resonate with every Indian. At the foundation is a mandala, a timeless symbol of harmony and cosmic balance rooted in Indian tradition. From this base rises an elegant peacock, India’s national bird, long associated with prosperity, beauty and divine protection. Surrounding these sacred motifs are flame-shaped accents, symbolising the countless diyas that light up homes during Diwali, embodying eternal light and blessings.

      All of this comes together in a black-and-gold palette that resonates deeply with the festival’s core meaning. Black represents the new moon with its deepest darkness and all obstacles waiting to be overcome. Gold, by contrast, embodies the radiance of thousands of lit oil lamps, piercing through the night to signify victory, blessings and prosperity. Together, these motifs create a design narrative of light conquering darkness, making the Reno14 Diwali Edition a truly festive keepsake.

      GlowShift Technology - When Warmth Triggers Brilliance The OPPO Reno14 5G Diwali Edition is a smartphone with the industry’s first heat-sensitive colour-changing technology in India. Its GlowShift Technology transforms the phone’s back panel from a deep festive black to radiant gold at body temperature, making every use an interactive, magical experience.

      This experience is made possible through six intricate processes, three superimposed layers and a nine-layer lamination technique. The transformation is smooth and stable—shifting below 28℃ as black, transitioning between 29–34℃ and glowing in full gold above 35℃. With micron-level material innovation, the brilliance can be triggered at least 10,000 cycles, ensuring the magic lasts for years to come.

      Engineered for Elegance and Endurance The Diwali Edition of the Reno14 continues OPPO's commitment to premium design and durability, featuring an aerospace-grade aluminium frame, Corning Gorilla® Glass 7i, and All-Round Armour architecture with Sponge Bionic Cushioning that protects your phone from shocks and accidental drops. Sleek and lightweight at just 7.42mm thin and 187g, it's designed for comfortable all-day use. With IP66, IP68, and IP69 certifications, it's built to withstand spills, splashes, high-pressure water, and even hot water, making it the perfect companion for monsoons as well as outdoor adventures. The 6.59-inch 1.5K AMOLED display with 120Hz refresh rate, 1,200nits brightness and a 93% screen-to-body ratio ensures a crystal-clear, immersive experience whether indoors or outdoors.

      Next-Gen Imaging with Telephoto Precision With a 50MP main sensor, 50MP telephoto lens (3.5x optical zoom), 8MP ultra-wide, and 50MP selfie camera, the Reno14 Diwali Edition is equipped with OPPO's most advanced Hypertone Imaging Engine. The 3.5x telephoto lens is perfect to capture your festive-wear portraits and golden-glow diya shots. Not just that, but the Triple Flash Array ensures sharp low-light photos, while 4K HDR Video at 60fps – available on Main, telephoto and front lenses – make it ideal for capturing aarti rituals and family reunions. Powered by AI Editor 2.0, features like AI Recompose, AI Best Face, AI Perfect Shot, AI Eraser, and AI Reflection Remover, turn every festive click into a professional-grade memory — ready to share instantly.

      Designed for Smart Multitasking Under the hood, the Reno14 is powered by the MediaTek Dimensity 8350 that delivers up to 20% better performance and 30% improved power efficiency, perfect for smooth multitasking between festive playlists, shopping apps, and endless photo-taking. Its massive 6000mAh 5-year durable battery that offers up to two days of use, with 80W SUPERVOOCTM fast charging. With AI HyperBoost 2.0 and AI LinkBoost 3.0, the series delivers smooth performance and reliable connectivity. The OPPO Reno14 runs on ColorOS 15, featuring the Trinity Engine for smarter performance and the Luminous Rendering Engine for ultra-smooth, lifelike animations. With GenAI integration, the Reno14 makes everyday tasks effortless, offering tools like AI Translate, AI VoiceScribe, AI Mind Space, Circle to Search, etc., making it the perfect companion for adventures, creativity, and productivity.

      Pricing and festive offers: • Bring home the Reno14 Series with No Cost EMI options for up to 6 months.

      • Get 10% Instant cashback up to ₹3K on transaction amount for Credit Card EMI and ₹2K on Credit Card Non-EMI with selected Bank Partners.

      • Avail zero down payment schemes for up to 8 months from all leading financiers • Avail up to ₹3K Exchange Bonus with leading Trade-in Partners • Enjoy 3 months of Google One 2TB Cloud + Gemini Advanced worth ₹5,200.

      • Get 6 months of free premium access to 10 OTT apps with Jio ₹1199 prepaid plan.

      Customers who purchase OPPO mobile phones stand a chance to win any of the prizes: • 10 Mega winners: ₹10 Lakh cash prize • Daily 1 winner: ₹1 Lakh cash prize • Any of the OPPO products: Find X8, Reno14, OPPO F31 Pro, OPPO Enco Buds3 Pro • 3 Months Extended warranty • 5000 Reward points Source: Counterpoint Research Disclaimer: Based on currently available and actively selling smartphone models in the Indian market as of September 2025.

      About OPPO India PVT Ltd.

      OPPO is a leading global smart device brand. Since the launch of its first mobile phone - “Smiley Face” - in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services. OPPO has footprints in more than 70 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around 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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