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    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
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
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    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
    Show AI Summary
    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
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    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
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    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
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    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
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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.

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      Diwali Sale 2025: Branded Watches on Sale in India

      October 11, 2025

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      This Diwali 2025, gift timeless luxury. Explore Sylvi’s branded watches on sale—Iconic, Urbane, Timegrapher, Rig One O One, Velvetine, Bella, Timeora, Riva & Dazell. Diwali is not only about the use of diyas and sweets. It is that magic time of the year when the streets are open until late at night, children carry sparklers in their hands, and families finally stop their hectic life to have a seat together. There is exchange of gifts, laughter is heard across the house and the closeness of togetherness makes it all even better.

      This truly is khushiyon ki ghadi — the moment of happiness we all wait for. And what could be better than marking it with a gift that stays, a gift that reminds your loved ones of these joyful times long after the festival lights have dimmed? Most of us usually turn to sweets or gift hampers. They’re nice, but let’s be honest — they don’t last. A watch, though, is different. It doesn’t get finished in a week or pushed to the back of a shelf. It stays. You wear it every day, and it quietly reminds you of the person who gave it.

      This year, Sylvi is making that feeling even better. With the Diwali Sale 2025, our watches come with festive privilege prices — 14%, 16%, and even 18% off depending on the collection. Proudly designed in India, every piece combines reliability with style, so your gift isn’t just for the festival but for years to come.

      Take your pick: the strong, bold Iconic Collection for men or the soft elegance of the Velvetine Collection for women. Each one feels different, each one has its own story. And this Diwali, you can make one of them part of yours.

      Why Watches are the best Diwali gift A Symbol of Hope: A watch marks growth, progress, and new beginnings - the essence of Diwali itself A memorable gift: Long after the Diyas have gone out, a timepiece keeps ticking, reminding loved ones of your bond.

      Personal Yet Universal: Whether for students, professionals, athletes, men, women, or any profession, a watch fits every personality.

      Luxury that you can trust: Sylvi offers Premium watches with value for money price, and we are a proudly Made in India brand that offers made in India watches that match global standards.

      When you gift someone Sylvi watches, you are not just giving a product, but you are gifting time, memories, and love, which are forever.

      Sylvi Diwali 2025 Sale: Branded Watches on Offer Every Sylvi collection tells a different story, which is why they make such meaningful Diwali gifts. Some are bold, some refined, and each reflects a unique personality.

      Iconic Collection The Iconic Collection is a perfect fit with men who like to combine tradition with being practical. The watches have dark black dials, analog-digital movements, stainless steel backs, and leather-soft-straps. The round case has a vintage appeal to it but the details add a new twist to it making it a reliable solution both at a party and in everyday life.

      Urbane Collection The Urbane Collection takes a slightly different route. The squircle case is unique, the straps come in stainless steel with silver or rosegold tones, and the dial options range from blue to green to black. Urbane is the kind of watch you can wear to the office during the day and keep on for Diwali get-togethers in the evening. It’s versatile without trying too hard.

      Timegrapher Collection The Timegrapher Collection is for men who like their watches to do more. With working chronographs, black-and-rose gold cases, and sturdy build quality, these watches have presence. They’re accurate, water-resistant, and designed to feel at home both in meetings and festive celebrations.

      Rig One O One WT Max Collection The Rig One O One WT Max Collection blends old and new. You still get the elegance of a round analog dial, but it’s paired with a digital display. Add in a stainless steel back and a comfortable silicone strap, and you have a watch that’s tough, modern, and made for someone who enjoys technology as much as tradition.

      Other Sylvi Collections at a Glance Beyond these six, Sylvi also has a wide variety of collections that make wonderful Diwali gifts. Starboard is sporty and adventurous, built for people who love energy. Blade is one of the slimmest watches, perfect for minimalists. Elegadoom is bold and striking, while Majestic carries strong colors and designs for powerful personalities. Elegare offers clean and versatile styles, and Professional Edge is crafted for working professionals who want both form and function.

      For those who prefer modern simplicity, Specter brings minimal, clean lines. Serene offers soft, graceful looks for women, and Ellore transitions easily from work to evenings out. Timeora is chic yet practical, Riva provides everyday stainless steel elegance, and Dazell is trendy and youthful, making it a smart pick under ₹2000.

      Together, these collections prove that Sylvi has something for everyone — whether it’s a stylish gift for employees, a thoughtful present for a special guest, or a personal timepiece to mark the season of light.

      Festive Price & Deals Snapshot Sylvi offers a unique watch selection reflecting quality and celebration this Diwali Sale 2025.

      Men will appreciate the best-selling Iconic Collection that reinforces our theme of versatility with 14% off. The strap options include leather and fabric, while the watch display is a fun analog-digital display. The Starboard and Urbane Collections also 14% off offer sleek stainless steel straps and an elegant analog watch face, ideal for the modern working man.

      For style, the fashionable Blade Collection of watches, also 14% off, features a minimalist stainless steel look with a classic analog time display. The Timegrapher Collection allows you to recognize elegance like never before with 16% off and leather, silicone, and steel straps in an eye-catching chronograph style.

      Women will also find options that will add sophistication to every wrist. You will find exceptional watches with the Timeora Collection, 16% off, featuring elegant stainless steel straps with a minimal analog watch display. The Riva and Serene Collections offer beautiful timepieces in analog styles, 18% off, with delicate straps created in leather, mesh and stainless steel. The watch sets are a perfect, distinct gifting option for the holiday season.

      Sylvi stands behind each watch, could be Made in India, and designed for those who enjoy luxury, style and meaning.

      Why Choose Sylvi: Made in India, Value Luxury Gifting a Sylvi watch to someone is not only providing a time piece, but it is also a sign of the time when you commemorate something that is proudly Made in India. Each design bears the Indian touch but with the quality that you would have expected of the best international brands. And this is the difference, we demonstrate that luxury may be real and high-quality without a high price tag.

      In Sylvi, we have a simple belief, which is to appreciate luxury. Watches that appear to be high-end, and feel high-end and bring timeless elegance within reach. We are bringing festive light this Diwali with special privilege price of 14%, 16% and 18% on select lines.

      From bold men’s chronographs to graceful women’s designs, Sylvi offers a variety that suits every personality. Over the years, we’ve built a legacy of trust — rooted in craftsmanship, culture, and innovation. That’s why when you gift Sylvi, you’re not just gifting a watch. You’re gifting a story that will live on every wrist.

      Diwali Gifting Guide: Which Watch Fits Whom? Choosing the right watch for your loved ones doesn’t have to feel complicated. Here’s a quick guide to help you find their perfect match: Students & Youth → Urbane, Dazell, Blade Professionals → Iconic, Timegrapher, Timeora Women Elegant → Bella, Velvetine, Riva, and Serene Adventurers → Starboard, Rig One O One WT Max Collectors & Fashionistas → Elegadoom, Specter Expert advice: Present your Sylvi with a personalized card and wrap it in a festive box. It transforms a wonderful gift into one that will be remembered.

      Secure Yours Today – Limited Festive Privilege Prices It is time to celebrate more than lights and sweets this Diwali 2025, and Sylvi is inviting you to do so. Make merry with that which is enduring-- with a present that counts the seconds. Our Sylvi luxury watches are not just accessories since we present exclusive festive deals of 14%, 16% and 18%. They are a status symbol of luxury, pride and love.

      Don’t wait too long. Get yours now and have a Diwali of a lifetime. Since it is light season, the time is of the essence.

      (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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