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    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
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    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
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    August 5, 2026
    Show AI Summary
    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
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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.
    August 5, 2026
    Show AI Summary
    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Yellow Plate Dialogues 2025: Driving India's Shared Mobility Revolution

      September 30, 2025

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      New Delhi, Delhi, India (NewsVoir) As part of a pioneering initiative, World Auto Forum (WAF) recently organised The Yellow Plate Dialogues (YPD), brought together leaders from top fleet companies, Heads of Transporters Associations, Auto OEMs, Dealer Groups & Tech Cos toe-commerce leaders, IT corporates, auto OEMs, and dealer groups to Co-Create the Shared Vision for Shared Mobility.

      The program instantly became a melting pot of insights, strategies, and actionable solutions to transform India’s mobility ecosystem.

      WAF is thankful to the Yellow Plate Dialogues partners, whose support was instrumental in making the program a success: Powered By: Skoda Auto India Gold OEM Partners: JSW MG Motor India | Volkswagen India Gold Partners: Gallops Group | Madhus Garage Equipment | Nippon Paint India Partners: Global Assure | CarPhD.com In his Welcome Keynote, Anuj Guglani, Founder & CEO of WAF Group, set the tone for the day, “Shared mobility is about shared responsibility and shared progress. When all stakeholders unite, we don’t just discuss the future - we build it. Better suited & safer vehicles, Drivers’ welfare, group insurance schemes for their families, good education for their children, ease of doing business, safer roads and we can have a thriving ecosystem of Win-Win!” Vishal Bhat, Head of Sales, Skoda Auto India, said, "At Skoda, we are committed to empowering fleet operators with vehicles that combine safety, efficiency, and connected technologies. Our aim is to support sustainable growth while enhancing the overall mobility experience for drivers and passengers alike." The YPD program featured two forward-looking Power Panel Discussions and an insightful Keynote Session, led by some of the industry’s most respected leaders.

      The first Power Panel at Yellow Plate Dialogues focused on “Main Challenges & Opportunities in Fleet Business – Ease of Doing Business, Compliances, Road Safety, Changing Vehicle Technology, and IT Systems”. The session examined the Current Situation, Desirable Scenario, and practical, sustainable solutions to create a win-win ecosystem for all stakeholders.

      The distinguished panel featured top industry leaders: • Rajiv Vij, Chairman - Carzonrent • Pravesh Dangi, Lead-Corporate Sales - Skoda CPO & Allied Business • Karun Gupta, Head of Fleet Sales - JSW MG Motor India • Mr Bikash Madan, CEO - WTI Cabs • Anil Chhikara, Former Deputy Commissioner - Transport, Govt of NCT of Delhi • Kapil Sharma, COO - Evera Cabs • Anuj Guglani, Founder & CEO - WAF Group (Session Chair) The discussion highlighted the key challenges facing the fleet industry, including: • Infrastructure gaps such as lack of parking and EV charging facilities, causing inefficiencies for drivers and operators.

      • Financing hurdles and resale uncertainties for electric vehicles, creating barriers to wider EV adoption.

      • Regulatory complexities surrounding yellow plate identification and compliance, calling for reforms to simplify operations and improve safety.

      Karun Gupta, Head of Fleet Sales - JSW MG Motor India, emphasizes, “The electrification of the fleet in India is accelerating, fuelled by a growing commitment among corporates to reduce their carbon footprint. This shift presents an opportunity for us to empower fleet operators with our reliable and proven electric vehicles (EVs), backed by tailor-made solutions that enhance efficiency, safety, and profitability.” Panelists also shared practical strategies and emerging opportunities, including: • Deployment of technology-driven solutions like connected cars, fleet management software, and real-time telemetry to improve operational efficiency.

      • Adoption of asset-light business models, leveraging aggregators and partnerships to optimize fleet utilization.

      • Strategies for corporate and B2B fleet growth, including meeting ESG targets through EV adoption and enhancing customer service standards.

      Watch Session on WAF TV here: worldautoforum.com/video/yellow-plate-dialogues-power-panel-1-challenges-opportunities-in-fleet-business The session underscored that collaboration among policymakers, OEMs, fleet operators, insurers, and technology providers is critical to build a resilient, efficient, and sustainable mobility ecosystem.

      At Yellow Plate Dialogues – Keynote Session, Pravesh Dangi, Lead – Corporate Sales, Skoda CPO & Allied Business, shared Skoda’s vision to become a trusted mobility partner for fleet operators. He emphasized the brand’s fuel-efficient German engineering, 5-star safety standards, and tailored maintenance and warranty packages, designed to enhance operational efficiency and reliability.

      Pravesh also highlighted Skoda’s connected technologies and growing presence across 200+ cities, providing fleet operators with a premium, seamless experience for both drivers and passengers, while supporting a sustainable and efficient mobility ecosystem.

      "Fleet operations today require smart, scalable solutions. By leveraging connected technologies, we enable operators to transform operational challenges into profitable opportunities," said Tanuj Pugalia, Managing Director, Gallops Group.

      "At Madhus Garage Equipment, we are committed to empowering fleets and drivers with the knowledge and tools for better road performance. We believe that regular wheel alignment and wheel balancing aren’t just maintenance checks - they are essential practices that help fleet operators and vehicle owners run their vehicles reliably, efficiently, and sustainably," said Nikhil B, Managing Director, Madhus Garage Equipment.

      The second Power Panel at Yellow Plate Dialogues explored the theme: “Success Sutras of Fleet Business – Maximizing Profitability, Customer Acquisition, Satisfaction, and Retention across Internal and External Operations, ETS, Car Rental, Vehicle Lease, and Subscription Models.” The power panel brought together leading industry experts and fleet business pioneers, including: • Satish Sehrawat, Owner, Ten Travels & President, ITTA • Rajesh Loomba, Chairman, Eco Mobility • Sandeep Gambhir, CEO, Vertelo • Hari Kaushik, CEO, WTI Fleet Pro • Sachin Punni, Director, Volercars • Anuj Guglani, Founder & CEO - WAF Group (Session Chair) The discussion centered on strategies to drive growth and operational excellence in a rapidly evolving mobility ecosystem. Key insights included: • Profitability enhancement through optimized fleet utilization, cost-effective operations, and innovative business models such as vehicle leasing and subscription services.

      • Customer acquisition and retention strategies, emphasizing superior service delivery, technology integration, and personalized experiences for both B2B and B2C clients.

      • Operational best practices, including digital tools, telematics, and fleet management systems to improve efficiency, reduce downtime, and enhance driver and passenger satisfaction.

      • Market expansion opportunities across traditional car rentals, emerging EV fleets, and corporate leasing solutions, highlighting how adaptability and innovation are critical for long-term success.​ Panelists emphasized the importance of collaboration between fleet operators, OEMs, technology providers, and policy stakeholders to create a resilient, scalable, and sustainable fleet ecosystem.

      The session concluded with a consensus that fleet businesses that combine operational excellence, customer-centric strategies, and innovative mobility solutions will emerge as leaders in India’s evolving shared mobility landscape.

      Valedictory & Vote of Thanks The summit concluded with recognition of partners and associates who contributed to the success of YPD 2025. Delivering the Vote of Thanks, Anuj Guglani expressed gratitude to panelists, partners, and stakeholders, noting, “The first edition of Yellow Plate Dialogues has laid the foundation for a collaborative, resilient, and sustainable shared mobility ecosystem for India. It is heartening to see the leaders from the Fleet Cos & Auto Makers already requesting for the next edition of Yellow Plate Dialogues!” Yellow Plate Dialogues | Power Panel 1 – Challenges & Opportunities in Fleet Business: www.youtube.com/watch?v=8cUwnb2wgAA About WAF World Auto Forum (WAF) is a global Auto & Mobility Think Tank with community members across 125 countries. It serves as a platform where Chairpersons and CXOs engage as actively as interns and young professionals, making it one of the most inclusive industry networks worldwide.

      WAF Auto News is ranked the world’s No. 1 in Auto News, Auto Awards, and Auto Think Tank ( just try and Google once!), while WAF TV, its digital broadcasting arm, hosts around a thousand industry videos and dialogues.

      WAF also curates widely respected programs including 13th WAF Awards, 11th IVASS by WAF, Yellow Plate Dialogues, and CXO Roundtables — platforms where top leaders of the auto and mobility ecosystem turn meaningful conversations into impactful action.

      11th IVASS - India Vehicle After Sales Summit - The Place where top After Sales Service Leaders, their teams, Dealers and Suppliers meet each year! It shall be on 13th Dec, 2025, Holiday Inn Aerocity, New Delhi. The Second Sat of Dec each year is IVASS Day! For more information, please contact: Sheenu Kamra, [email protected], 9810714455 Anuj Guglani, [email protected] Follow Us at #yellowplatedialogues, #YellowPlate, #YPD, #waftv, #WafAnnualPartner, #IVASS Official WAF Site: worldautoforum.com YPD 2025 Pics: www.facebook.com/media/set/?set=a.1254193576719673&type=3 YPD Session Videos at WAF TV: worldautoforum.com/waf-tv (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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