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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
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    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
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    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
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    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
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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
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    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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      Leader of Carbon Markets Turns Novelist with a World to Unsettle

      September 27, 2025

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      India, September 27, 2025: Sustainability and AI product leader Dr. Nripanka Das debuts as novelist Rowan Blackwood; his thriller The Babel Paradox heads to the Frankfurt Book Fair - a rare tech-to-literature pivot with global stakes. In the fluorescent hush of an office long past quitting time, the screen flashed a subject line that made him stand still: Frankfurter Buchmesse – Selection Confirmation. The air-conditioning thrummed. Somewhere, a coffee machine clicked. Dr. Nripanka Das - better known in energy-tech circles for taming data streams and carbon ledgers opened the email and read it twice, then once more for its edges. A quiet "okay" escaped him. He closed the laptop, reached for a notepad with draft scene beats in a spare engineer's hand and underlined a single word: Real.

      Days later, a first box of author's copies landed with the soft thud of freighted possibility. Matte cover, clean serif type, a title that feels like a warning and a puzzle: The Babel Paradox: Language, Conspiracy, and the End of Reality. He lifted one volume, turned it spine-out the way inventory managers do, then let the pages riffle like cards. The paper had a faint linen bite. The ink carried that just-printed scent - chemistry, cotton, intent.

      For a figure widely associated with carbon markets, digital MRVand the difficult plumbing of industrial decarbonization, the sight bordered on subversive: an engineer of systems publishing a literary thriller under the pen name Rowan Blackwood, now headed to the world's largest book fair. Frankfurt, October 15–19, 2025 - where rights are traded, translations seeded, and a debut can find its passport.

      From Labs to Literature Dr. Nripanka Das is a sustainability and AI product leader whose public work lives at the intersection of emissions data, verification techand energy innovation. His debut novel, The Babel Paradox, appears under the author name Rowan Blackwood and has been selected for presentation at the 2025 Frankfurt Book Fair. The moment matters: a technologist crossing into literary fiction at the industry's most prestigious marketplace, where the future of a book - its editions, territories, and readerships, is negotiated face to face.

      If the lab bench and the writer's desk share a temperament, Das embodies it: constraint, iteration, verification. In product reviews, he is known for refusing fuzzy terms - show the runbook, show the baseline. That same discipline turned inward when sentences, not sensors, became the substrate. "Engineering taught me habits I couldn't unlearn," he says. "I version-control scenes. I test dialogue against the system it belongs to. If a character lies, I ask what it costs the network." The result is prose that moves like a model under load - stress-tested, then streamlined.

      The path from carbon registries and data pipelines to pages concerned with power and speech looks shorter up close. Markets and languages are both rule-bound, socially negotiated and ripe for misuse. In The Babel Paradox, the audit trail becomes narrative tension; the checksum becomes a clue; the governance meeting, a battleground where words decide material outcomes.

      The Book at a Glance The Babel Paradox hunts the fracture line where language ceases to be neutral and becomes a weaponized protocol. The novel threads high-stakes intrigue through hidden systems - surveillance architectures, academic rivalries, shadowed research and asks whether a society that outsources meaning to machines can still tell truth from consensus. It is less about secret societies than about visible institutions acting in secret ways, less code-cracking than contract-reading. Characters grapple with the price of precisionand the risks of claritywhen clarity threatens power.

      Why Frankfurt, Why Now Frankfurter Buchmesse is the industry's engine room - an international rights marketplace where scouts, editors and agents compress years of emails into five intense days. For a debut, selection signals professional intent: visibility before the global trade, proximity to translation conversations and a chance to position the work in a taxonomy beyond national borders. Frankfurt's scale matters because it disciplines hype. You have a book, or you don't. You have a pitch that survives a hallway test, or you do not. For The Babel Paradox, the fair offers exactly the ecosystem it interrogates - languages colliding, meanings negotiated, reality minted from contracts and conversation.

      "Frankfurt is where stories either acquire second lives or prove they only had one," Das says. "I wanted the book tested where no one owes me politeness." Private Passion, Public Debut Colleagues knew him as a rigorous builder of products; fewer knew about the stack of marked-up drafts that followed him city to city. "It was always there," he says, "but it stayed in the margins because the workday took the center column." The center has shifted. Publishing under Rowan Blackwood allowed a firewall at first - new name, new channel, the necessary freedom to fail in public without dragging a résumé behind it. The firewall didn't last long; the announcement leaked through Instagram posts and whisper networks, and then Frankfurt made secrecy moot.

      He describes the pivot not as reinvention but as extension. "If sustainability work is about accountability for claims," he says, "then fiction is an extreme sport of claims. Every sentence asserts a reality. You have to earn it." Industry Angle: Where Systems Meet Stories There is a small but telling pattern of technologists writing fiction that refuses to excuse the infrastructures we live inside. The Babel Paradox sits in that lineage, but with an unusual precision about governance - the way policies, standards, and datasets harden into social facts. A sustainability and AI practitioner writing literary fiction carries a particular charge in 2025, a year dense with climate reporting requirements and public debates about algorithmic authority. The book does not speechify; it builds a world where the line between signal and noise is a design choice, then forces its characters to live with that choice.

      Frankfurt, with its translation ecosystem, intensifies this effect. Language as theme meets language as logistics. The novel's preoccupation with meaning across domains - legal, technical, colloquial- becomes a practical question of how idioms travel, which metaphors survive, and where a story must recompile for another culture's operating system.

      The Stakes of Precision Das's day job taught him that numbers can be honest and still be wrong if they summarize the wrong thing. The novel takes that lesson to the level of plot. A text can be lyrical and still mislead; a dataset can be enormous and still be trivial. What matters is the schema - what you count as real. In The Babel Paradox, characters collide over schemas: academic definitions, state narratives, corporate euphemisms. The book's suspense rarely comes from a gun in the drawer. It comes from the clause you didn't read.

      "Language isn't a mirror; it's an actuator," he says. "It moves systems and people." What Readers Will Recognize Audiences who come for conspiracy will find craft: clean lines, controlled heat. Readers from the worlds of policy, tech, or markets will recognize the granular decisions - names of committees, behaviors inside conferences, the way careers hinge on phrasing. But the novel keeps its promises as fiction first. It knows that stakes only matter when they land on a human scale: two people in a quiet office bargaining with a truth neither wants to say out loud.

      If his carbon work measures what the world emits, his fiction measures what the world permits and with The Babel Paradox stepping onto Frankfurt's floor, Dr. Nripanka Das matches engineering precision to literary intent, drafting a future where meaning has to meet spec.

      (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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