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    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
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    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
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    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.
    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
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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
    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.
    August 5, 2026
    Show AI Summary
    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.

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      India CSR & ESG Summit 2025 Concludes with Renewed Sectoral Momentum, Following the Release of the India CSR Outlook Report Showcasing a Decadal Inflexion in Corporate Social Investments

      October 16, 2025

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      New Delhi, Delhi, India – Business Wire India The 12th Edition of the India CSR & ESG Summit 2025, powered by CSRBOX, concluded after three days of transformation, purpose, and collaboration, reaffirming its position as Asia’s largest and most influential forum for CSR and sustainability. This year’s summit brought together the custodians of India’s annual CSR spend, representing the country’s most influential corporates, implementing agencies, and policy architects who drive India’s development and sustainability agenda. The gathering underscored how collective action, cross-sectoral partnerships, and innovative financing can accelerate India’s progress toward achieving its SDG and net-zero goals and was a perfect confluence of policymakers, changemakers, and corporate leaders, each representing a vital pillar of India’s development ecosystem. The summit served as a dynamic platform where government intent, corporate strategy, and social innovation converged, advancing the nation’s journey toward sustainability and inclusive growth. The summit was graced by an eminent gathering of visionary leaders and policymakers, including Shri Vijay Sharma, Hon’ble Deputy Chief Minister, Government of Chhattisgarh; Shri Anurag Singh Thakur, Hon’ble Member of Parliament, Chairman – Parliamentary Standing Committee on Coal, Mines & Steel, and Former Cabinet Minister, Government of India; and Dr. L. Murugan, Hon’ble Union Minister of State, Ministry of Information and Broadcasting and Ministry of Parliamentary Affairs, Government of India. In his inaugural address, Shri Vijay Sharma highlighted the importance of local empowerment: “True development is when every village stands on its own feet, using its water, forest, and land with pride, skill, and unity.” Adding a note of rooted wisdom, Shri Anurag Singh Thakur emphasised the Summit’s growing importance in advancing corporate responsibility, stating: “A strong and self-reliant Bharat will emerge when both corporates and citizens work together, guided by dharma, driven by responsibility, and united in purpose.” The summit also featured distinguished bureaucrats, Smt. Vimala Ramesh (IAS), Resident Commissioner & Secretary, Government of Maharashtra; Shri Nitin Khade (IAS), Joint Secretary, Department of Land Resources, Ministry of Rural Development, Government of India; Dr. Hari Om (IAS), Principal Secretary, Vocational Education, Skill Development & Entrepreneurship Department, Government of Uttar Pradesh, Shri Naveen Kumar (IAS), Secretary, Irrigation & Water Resources Department, Government of Uttar Pradesh; Vijay Kiran Anand (IAS), Secretary, Infrastructure & Industrial Development Department cum CEO Invest UP, Government of Uttar Pradesh, Shri M. Nagarajan (IAS), Resident Commissioner & Secretary, Government of Maharashtra and Shri Gaurav Agrawal (IAS), District Magistrate & Collector, Jodhpur District, Government of Rajasthan. Their presence and perspectives added profound policy depth, administrative insight, and institutional credibility to the deliberations on India’s evolving CSR and ESG landscape. The summit also hosted eminent keynote speakers, including Mr. Abhijit Bhattacharya, Former Captain of the Indian Senior Volleyball Team and Founder of the Brahmaputra Volleyball League, and Mr. Jason Morrison, President of the CEO Water Mandate, whose thought-provoking addresses inspired conversations on leadership, resilience, and sustainable water stewardship. Over 35 insightful panel discussions, 10+ expert-led masterclasses, and exclusive corporate roundtables created immersive dialogues around themes such as climate action, ESG reporting, tech-for-good, gender equity, water stewardship, and social innovation. The summit also featured over 50 exhibitors showcasing breakthrough models in sustainability, renewable energy, the circular economy, and grassroots innovations. One of the key highlights was the unveiling of the 11th Edition of the India CSR Outlook Report (ICOR) 2025, an in-depth analytical study covering CSR trends across 301 of India’s leading companies. The report mapped sector-wise investments, emerging priorities, and compliance patterns, providing a data-driven compass for companies, policymakers, and non-profits to align strategy with impact. As part of its forward-looking agenda, the Summit hosted the official pre-event of the India AI Impact Summit 2026, in association with the Ministry of Electronics and Information Technology, Government of India, spotlighting the transformative intersection of Artificial Intelligence, education, and employability in shaping an inclusive future for Bharat. The exclusive roundtable, “The FutureTech for Bharat: Unlocking Multiple Pathways to Employability – A Cradle to Career Approach Using AI in Education,” convened policymakers, CSR leaders, and innovators to explore how AI can redefine India’s learning continuum from foundational literacy to workforce readiness. Speaking at the opening plenary, Mr Bhomik Shah, Founder and CEO, CSRBOX, shared: “The India CSR & ESG Summit has become a catalyst for collective action, where ideas meet intent and partnerships turn into impact. As India stands at the cusp of global sustainability leadership, this platform continues to bridge corporates, government, and civil society to co-create solutions that drive measurable change on the ground.” The evenings came alive with cultural performances, from Rahgir’s soulful activism through music to Manzil Mystics’ powerful storytelling through songs, symbolising how art and empathy intertwine with impact and change. The summit culminated with the prestigious Doing Good for Bharat Awards 2025, honouring trailblazing organisations and individuals who are redefining social and environmental impact through creativity, compassion, and commitment. As the 12th Edition of the India CSR & ESG Summit 2025 drew to a close, it left behind a powerful reminder that India’s path to sustainable and inclusive growth lies in collaboration, not competition. From boardrooms to grassroots, from policymakers to changemakers, every voice echoed a shared vision for a better Bharat. The summit reaffirmed that when purpose unites corporates, government, and civil society, transformation is not just possible, it’s inevitable. In the spirit of collective progress and enduring partnership, the India CSR & ESG Summit 2025 stands as a testament to one resounding belief - The Way Forward, Together. About the India CSR & ESG Summit Curated by CSRBOX and NGOBOX, the India CSR & ESG Summit is Asia’s largest CSR and Sustainability Forum, bringing together industry leaders, policymakers, development professionals, and innovators to discuss the evolving landscape of CSR, ESG, and sustainability in India. The 2025 Summit saw participation from over 2000+ sector visionaries, highlighting impactful ideas and partnerships that are shaping the nation’s development narrative. For more information, visit: www.indiacsrsummit.in About CSRBOX For over a decade, CSRBOX has been at the forefront of India’s social impact ecosystem, bridging the gap between businesses and social development. Through its integrated approach across Impact Advisory, Platform, and Programs, CSRBOX has empowered over 350 companies to design, implement, and measure high-impact CSR and sustainability initiatives. Its mission is to accelerate India’s development goals through collaboration, innovation, and impact-driven solutions. Learn more: www.csrbox.org To View the Image, Click on the Link Below: CSRBOX Concludes the 3-Day India CSR & ESG Summit 2025 with the Launch of the India CSR Outlook Report (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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