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    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
    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
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    August 5, 2026
    Show AI Summary
    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
    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
    Show AI Summary
    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      'Insult to women, unacceptable': Oppn slams govt over women journalists' absence from Afghan FM presser

      October 11, 2025

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      New Delhi, Oct 11 (PTI) The opposition on Saturday termed the absence of female journalists from a press conference of visiting Afghan Foreign Minister Amir Khan Muttaqi “unacceptable” and “an insult to women”, and asked Prime Minister Narendra Modi to clarify his position on the matter.

      Congress general secretary Priyanka Gandhi Vadra said if the prime minister's recognition of women's rights isn't just convenient posturing from one election to the other, how has this "insult to some of India's most competent women been allowed in our country".

      The Congress said it was shocking and unacceptable that the government of India agreed to the "ban on female journalists" at the presser in Delhi.

      In a post on X, Congress general secretary in-charge communications, Jairam Ramesh, said, "(Tali)ban on female journalists in India. Shocking and unacceptable that the Govt of India agreed to it -- and that too in New Delhi on the eve of the International Day of the Girl Child." Priyanka Gandhi asked Modi to clarify his position on the absence of women journalists from Muttaqi's press conference, and described the incident as an "insult to some of India's most competent women".

      "Prime Minister @narendramodi ji, please clarify your position on the removal of female journalists from the press conference of the representative of the Taliban on his visit to India," she said on X.

      "If your recognition of women's rights isn't just convenient posturing from one election to the other, how has this insult to some of India's most competent women been allowed in our country, a country whose women are its backbone and its pride," Priyanka Gandhi said.

      The press conference addressed by Muttaqi on Friday saw participation restricted to a handful of reporters, while women journalists were conspicuous by their absence.

      Muttaqi held the interaction at the Afghan embassy in New Delhi, hours after holding wide-ranging talks with External Affairs Minister S Jaishankar.

      It is learnt that the decision on inviting journalists to the media interaction was taken by Taliban officials accompanying the foreign minister.

      People familiar with the matter said the Indian side suggested to the Afghan side that women journalists should be part of the invitees for the event.

      In a post on X, former home minister and senior Congress leader P Chidambaram said, "I am shocked that women journalists were excluded from the press conference addressed by Mr Amir Khan Muttaqi of Afghanistan." "In my personal view, the men journalists should have walked out when they found that their women colleagues were excluded (or not invited)," Chidambaram said.

      Trinamool Congress MP Mahua Moitra also slammed the government on the issue.

      "The government has dishonoured every single Indian woman by allowing the Taliban minister to exclude women journalists from his presser. Shameful bunch of spineless hypocrites," she said on X.

      Another Trinamool MP, Sagarika Ghose, claimed the Narendra Modi government again "reveals its failure to evolve a foreign policy in which engagement is separated from endorsement".

      "Women journalists being excluded from the #Taliban press conference in Delhi is UNACCEPTABLE and HATEFUL. This is not oh-so-smart 'geostrategic diplomacy', it is a surrender by the weak, failed Narendra Modi coalition government," she said on X.

      RJD MP Manoj Kumar Jha said that by not allowing women journalists to attend the press conference of the Taliban foreign minister, India has compromised its own moral and diplomatic standing.

      "This is not just a procedural lapse but a symbolic surrender of India's long-cherished commitment to equality, freedom of the press, and gender justice.

      "For a country that has prided itself on being the world's largest democracy and a champion of women's participation in every sphere, this incident is deeply disappointing and politically short-sighted," Jha said in a post on X.

      "It sends out the wrong message to Indian women and the global community that convenience has triumphed over conviction. Jai Hind," he added.

      Shiv Sena (UBT) MP Priyanka Chaturvedi said in an X post, "No women journalists invited for the presser (because of Taliban beliefs). The Bamiyan Buddhas (destroyed by Taliban) were the backdrop at the presser.

      "The messaging of the 'Emirates of Afghanistan' as recognised as of yesterday by the Indian government. Truly ironic," she said.

      Congress spokesperson Supriya Shrinate asked why did the Modi government agree to this "men-only" "Talibani diktat".

      "How weak are you @DrSJaishankar and @narendramodi," Shrinate asked.

      The Congress on its official X handle said women journalists were barred from Taliban Foreign Minister Muttaqi's press conference on Indian soil.

      "This is not just about one event. It reflects the utter disregard for women's dignity that has become normal under the Modi government. When the world looks to India, a democracy built on equality, what message are we sending by allowing such discrimination to take place here? "We demand answers from the Modi government. How can they let anyone disrespect women on our soil? Or is this the government's own vision for women's silence, exclusion, and submission?" "How weak are you, @DrSJaishankar and @narendramodi, that you cannot even defend the basic dignity of Indian women in your own country," the party asked.

      Congress MP Karti Chidambaram said, "I understand the geopolitical compulsions that force us to engage with the Taliban, but to accede to their discriminatory and plain primitive mores is outright ridiculous, it's very disappointing to note the conduct of the @MEAIndia and @DrSJaishankar in excluding women journalists from the press briefing of the Taliban Minister." The Taliban regime in Kabul has faced severe criticism from various countries as well as global bodies like the United Nations for restricting the rights of women in Afghanistan.

      On Friday, Muttaqi side-stepped a direct question on the plight of women in Afghanistan, but said every country has its own customs, laws and principles, and there should be respect for them.

      He claimed that the overall situation in Afghanistan has improved significantly since the Taliban came to power in August 2021.

      Muttaqi pointed out that some 200 to 400 people died in Afghanistan every day before the Taliban started ruling the country.

      "In these four years, there have been no such losses. Laws are in force and every one has their rights. Those who are engaging in propaganda are making a mistake," Muttaqi said.

      "Every country has its own customs, laws and principles, and works according to those. It is not correct that people are not given their rights. If people were not happy with the system and the laws, why has peace returned," he asked. PTI ASK ARI ARI

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