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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
    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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    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
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    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
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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.
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    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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      Prime Minister Narendra Modi Visits Mitti Café at Adani’s Navi Mumbai International Airport (NMIA), Celebrating Inclusion and Empowerment

      October 13, 2025

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      Navi Mumbai (Maharashtra) [India], October 11: In a landmark moment celebrating India’s commitment to inclusion and dignity, Prime Minister Shri Narendra Modi visited Mitti Café during the inauguration of the Navi Mumbai International Airport, an initiative led by the Adani Group under the visionary leadership of Shri Jeet Adani, CEO of Adani Airports. The Prime Minister spent meaningful time with employees of Mitti Café—individuals with physical, intellectual, and psychiatric disabilities—acknowledging their skill, professionalism, and contribution to India’s growing movement for disability inclusion. The visit underscored a powerful message: that the strength of a nation is defined not just by its infrastructure but by how it empowers every citizen to participate with dignity and pride. The inauguration ceremony, attended by Governor Shri Acharya Devvrat, Chief Minister Shri Devendra Fadnavis, Deputy Chief Ministers Shri Eknath Shinde and Shri Ajit Pawar, Union Civil Aviation Minister Shri Kinjarapu Ram Mohan Naidu, Union Minister of State for Civil Aviation Murlidhar Mohol, saw Prime Minister Shri Narendra Modi personally greet Mitti Café’s team members and learn about their work across India’s airports and institutions. A Vision for Inclusive Growth Founded by Alina Alam, Mitti Café is a nationally and internationally recognized social enterprise that provides meaningful employment and livelihood opportunities to adults with physical, intellectual, and psychiatric disabilities. Established around 2015, the organization operates cafés across India, making it the world’s largest chain of cafés run entirely by persons with disabilities. At the Navi Mumbai International Airport, the café serves not only as a hospitality space but as a living symbol of inclusion in action. Under the Adani Group’s corporate social responsibility (CSR) framework, Mitti Café has partnered with Adani Airports, headed by Shri Jeet Adani, to create inclusive workplaces that reflect empathy, equity, and empowerment. The Jeet Adani’s support of Mitti Café aligns with India’s broader vision of accessible infrastructure and equal opportunity, complementing national efforts to make airports not only gateways of progress but also symbols of compassion and diversity. Prime Minister’s Endorsement of Dignity Through Work During his visit, Prime Minister Shri Narendra Modi expressed happiness and encouragement after interacting with the café’s team members, many of whom have overcome significant personal and social challenges to build livelihoods with dignity. For the team, the moment was emotional and historic. Alina Alam, Founder and CEO of Mitti Café, shared: “The Prime Minister is a visionary, and by coining the term Divyangjan, he has created opportunities of respect, dignity, and empowerment for persons with disabilities across India. Our team was extremely excited to meet him. We thank the Adani Group and Jeet Adani for their vision in ensuring that persons with disabilities have space and opportunities across all their airports.” The Prime Minister’s engagement at Mitti Café stands as a reaffirmation of India’s inclusive policy framework and his administration’s ongoing emphasis on empowering Divyangjan through education, employment, and entrepreneurship. Global Recognition and a Movement for Inclusion Over the years, Mitti Café has gained national and international acclaim for demonstrating that employment for persons with disabilities can be both sustainable and impactful. The organization operates in partnership with public and private institutions, integrating disability inclusion into mainstream corporate and public ecosystems. Its work has been endorsed by a distinguished list of leaders, including: • President Droupadi Murmu inaugurated Mitti Cafés at Rashtrapati Bhawan and Rashtrapati Nilayam. • Speaker Om Birla visited the Mitti Café at Hansraj College. • Chief Justice of India D.Y. Chandrachud inaugurated the Mitti Café at the Supreme Court of India. • Defence Minister Rajnath Singh inaugurated Mitti Café at Lucknow International Airport. • German Chancellor Olaf Scholz visited Mitti Café at the India Coffee Board. • Jeet Adani, CEO of Adani Airports, inaugurated the Mumbai International Airport outlet. • Gautam Adani, Chairman of Adani Group, personally praised Mitti Café’s efforts. • Narayan Murthy, Founder of Infosys, commended Mitti Café’s work on Doordarshan. • Prem Watsa, Chairman of Fairfax Holdings, inaugurated a Mitti Café at Bangalore International Airport. • Azim Premji, Founder of Wipro, has publicly lauded the organisation’s mission. These endorsements demonstrate that disability inclusion is no longer a charitable act—it is a core principle of modern corporate social responsibility and an essential pillar of equitable economic growth. Recognition and Awards Mitti Café’s journey has been marked by consistent national and international recognition for its pioneering work in disability inclusion, social entrepreneurship, and sustainable employment. The organisation has been honored with the National Award for Empowerment of Persons with Disabilities by the Honorable President of India, the United Nations Intercultural Innovation Award, and the NITI Aayog Women Transforming India Award. Its founder, Alina Alam, has been celebrated as a Commonwealth Youth Icon and has received the CNBC–Social Entrepreneur of the Year Award, the Indian Express Stree Shakti Award, and the Frontier Awards at Cannes. The organisation’s commitment to inclusion has also been recognised through the NCPEDP Helen Keller Award, Assocham Best Employer for Persons with Disabilities Award, FICCI Flo Best Social Innovation Award, and the CII Annual Business Summit Award for Best Social Enterprise. Mitti Café and its founder have received multiple honors, including the Young Achievers Award, Deccan Herald Changemakers, EKAM Award, Nina Sibal Memorial Award, Pinnacle Award, and the Women Entrepreneur of the Year – BLR HiFliers Award. Alina Alam has been a four-time TEDx speaker and featured in Forbes 30 Under 30 Asia, further amplifying the organisation’s global impact. Mitti Café’s innovative work has been recognised by the Entrepreneur Challenge at Dell and CNBC-TV18, the F&B Virtuoso Awards, and the 4th Healthcare Heroes Conclave Award. In recent years, the organisation’s contributions have received continued support from national leaders — President Droupadi Murmu inaugurated two Mitti Cafés at Rashtrapati Bhawan in 2024 and 2025; Chief Justice of India D.Y. Chandrachud inaugurated the café at the Supreme Court of India in 2023; and Infosys Co-founder Narayana Murthy endorsed Mitti Café’s mission on national television. The Adani Group’s Leadership in Social Impact The Adani Group’s partnership with Mitti Café is part of its broader CSR commitment to sustainable business and inclusive development. Under Jeet Adani’s leadership, the Group has been integrating accessibility and community engagement into the design and operation of its airports. The Navi Mumbai International Airport, envisioned as one of the most advanced in the Asia-Pacific region, features design elements that make it accessible to all travellers, including those with reduced mobility. By integrating a café run by people with disabilities into the airport’s central public area, the Adani Group demonstrates how corporate partnerships can drive inclusive employment and positive social transformation. Jeet Adani’s involvement extends beyond infrastructure; it reflects a belief that business success and social equity can co-exist. The presence of Mitti Café at the new airport sends a message to travelers from across the world that India’s airports are not only world-class in technology and efficiency but also in humanity. Stories of Strength and Skill Mitti Café’s employees, referred to as “changemakers,” represent diverse forms of ability. Many have hearing impairments, intellectual disabilities, or physical challenges, yet serve thousands of customers daily with precision and professionalism. At the Navi Mumbai International Airport, the upcoming Mitti Café outlet is poised to welcome travellers with a warm and inclusive atmosphere. The café will be operated by a team of individuals with disabilities, trained to deliver the same efficiency, service excellence, and hospitality standards as any leading corporate café chain. The initiative aims to demonstrate that skill and capability are universal when provided with the right platform. Each café under the Mitti banner not only generates employment but also raises awareness about inclusion, inviting patrons to rethink disability from a lens of strength and potential rather than limitation. A Broader Mission: Empowerment Through Enterprise Since its inception, Mitti Café has trained and employed over 6,000 adults with disabilities, serving millions of customers across airports, universities, corporate campuses, and public institutions. Through its cafés, training centers, and awareness programs, the organization works to bridge the opportunity gap for persons with disabilities in India’s workforce. Its scalable model has inspired similar initiatives in other countries and has been featured in multiple global forums for inclusive employment and social entrepreneurship. The organization’s impact metrics are telling • Over 6,000 persons with disabilities trained and employed. • Operations in more than 100 locations across India. • Partnerships with public institutions, Fortune 500 companies, and government entities. • Recognition by national media and international bodies for innovation in inclusion. • Over 21 million meals and beverages served by people with disabilities to date. Mitti Café’s model is based on a simple but transformative idea — that economic independence is the foundation of dignity. By creating self-sustaining cafés and enterprises run by people with disabilities, the organization has proven that inclusion is not just possible, but profitable and scalable. The Power of Example The Prime Minister’s visit amplifies what Mitti Café has long represented: a movement from sympathy to respect, from charity to opportunity. In India’s evolving landscape of corporate social responsibility, initiatives like Mitti Café demonstrate how private enterprise and government leadership can converge to create meaningful impact. When national infrastructure projects such as airports become inclusive, they not only connect cities but also hearts — symbolizing unity through equality. As Alina Alam reflected after the event: “We have always believed that inclusion is not an act of kindness but of justice. The Prime Minister’s encouragement and Jeet Adani’s support remind us that true progress is inclusive progress.” A Defining Moment for Disability Inclusion in India The day at Navi Mumbai International Airport will be remembered not only for its architectural marvel but for the humanity that filled its halls. As cameras captured the Prime Minister smiling and interacting with team members at Mitti Café, millions witnessed a narrative of empowerment unfold in real time. The symbolism was clear: India’s next era of growth will be built not just on economic strength but on compassion and inclusion. Mitti Café’s presence at the airport stands as a living example of how public-private collaboration can redefine accessibility, equality, and opportunity in the world’s largest democracy. About Mitti Café Mitti Café is a non-profit social enterprise providing meaningful employment, livelihood opportunities, and training for adults with physical, intellectual, and psychiatric disabilities. Founded by Alina Alam, the organisation has grown into the world’s largest chain of cafés run by persons with disabilities, operating across airports, government institutions, universities, and corporate campuses. Through its mission of inclusion and empowerment, Mitti Café aims to change perceptions of disability and create a society where every individual is recognised for their abilities. The organisation’s work has been recognised with several national and international awards and supported by global leaders, corporations, and public institutions. For more information, visit www.mitticafe.org. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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