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    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
    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
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    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
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
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    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.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 4, 2026
    Show AI Summary
    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
    Show AI Summary
    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.

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      Democrats say Trump needs to be involved in shutdown talks; he's shown little interest in doing so

      October 17, 2025

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      Washington, Oct 17 (AP) President Donald Trump is showing little urgency to broker a compromise that would end the government shutdown, even as Democrats insist no breakthrough is possible without his direct involvement.

      Three weeks in, Congress is at a standstill. The House hasn't been in session for a month, and senators left Washington on Thursday frustrated by the lack of progress. Republican leaders are refusing to negotiate until a short-term funding bill to reopen the government is passed, while Democrats say they won't agree without guarantees on extending health insurance subsidies.

      For now, Trump appears content to stay on the sidelines.

      He spent the week celebrating an Israel-Hamas ceasefire deal he led, hosted a remembrance event for conservative activist Charlie Kirk and refocused attention on the Russia-Ukraine war. Meanwhile, his administration has been managing the shutdown in unconventional ways, continuing to pay the troops while laying off other federal employees.

      Asked Thursday whether he was willing to deploy his dealmaking background on the shutdown, Trump seemed uninterested.

      “Well, look, I mean, all we want to do is just extend. We don't want anything, we just want to extend, live with the deal they had,” he said in an exchange with reporters in the Oval Office. Later Thursday, he criticized Democratic health care demands as “crazy,” adding, “We're just not going to do it.” Spokesperson Karoline Leavitt told Fox News that Democrats must first vote to reopen the government, “then we can have serious conversations about health care.” Senate Majority Leader John Thune echoed that approach before leaving for the weekend, saying Trump is “ready to weigh in and sit down with the Democrats or whomever, once the government opens up”.

      Still, frustration is starting to surface even within Trump's own party, where lawmakers acknowledge little happens in Congress without his direction.

      Leaving the Capitol on Thursday, GOP Sen Lisa Murkowski said, “We're not making much headway this week.” For things to progress, Murkowski acknowledged Trump may need to get more involved: “I think he's an important part of it.” “I think there are some folks in his administration that are kind of liking the fact that Congress really has no role right now,” she added. “I don't like that. I don't like that at all.” Trump has not been slowed by the shutdown ------------------------------------------------- While Congress has been paralysed by the shutdown, Trump has moved rapidly to enact his vision of the federal government.

      He has called budget chief Russ Vought the “grim reaper,” and Vought has taken the opportunity to withhold billions of dollars for infrastructure projects and lay off thousands of federal workers, signalling that workforce reductions could become even more drastic.

      At the same time, the administration has acted unilaterally to fund Trump's priorities, including paying the military this week, easing pressure on what could have been one of the main deadlines to end the shutdown.

      Some of these moves, particularly the layoffs and funding shifts, have been criticised as illegal and are facing court challenges.

      A federal judge on Wednesday temporarily blocked the administration from firing workers during the shutdown, ruling that the cuts appeared politically motivated and were carried out without sufficient justification.

      And with Congress focused on the funding fight, lawmakers have had little time to debate other issues.

      In the House, Johnson has said the House won't return until Democrats approve the funding bill and has refused to swear in Rep.-elect Adelita Grijalva.

      Democrats say the move is to prevent her from becoming the 218th signature on a discharge petition aimed at forcing a vote on releasing documents related to the sex trafficking investigation into Jeffrey Epstein.

      So far, the shutdown has shown little impact on public opinion.

      An AP-NORC poll released Thursday found that 3 in 10 US adults have a “somewhat” or “very” favourable view of the Democratic Party, similar to an AP-NORC poll from September. Four in 10 have a “somewhat” or “very” favourable view of the Republican Party, largely unchanged from last month.

      Democrats want Trump at the table. Republicans would rather he stay out -------------------------------------------------------------------------------- Senate Minority Leader Chuck Schumer and House Democratic Leader Hakeem Jeffries have said Republicans have shown little seriousness in negotiating an end to the shutdown.

      “Leader Thune has not come to me with any proposal at this point,” Schumer said Thursday.

      Frustrated with congressional leaders, Democrats are increasingly looking to Trump.

      At a CNN town hall Wednesday night featuring Rep. Alexandria Ocasio-Cortez and Sen. Bernie Sanders, both repeatedly called for the president's involvement when asked why negotiations had stalled.

      “President Trump is not talking. That is the problem,” Sanders said.

      Ocasio-Cortez added that Trump should more regularly “be having congressional leaders in the White House.” Democrats' focus on Trump reflects both his leadership style — which allows little to happen in Congress without his approval — and the reality that any funding bill needs the president's signature to become law.

      This time, however, Republican leaders who control the House and Senate are resisting any push for Trump to intervene.

      “You can't negotiate when somebody's got a hostage,” said South Dakota Sen. Mike Rounds, who added that Trump getting involved would allow Democrats to try the same tactic in future legislative fights.

      Trump has largely followed that guidance. After previously saying he would be open to negotiating with Democrats on health insurance subsidies, he walked it back after Republican leaders suggested he misspoke.

      And that's unlikely to change for now. Trump has no plans to personally intervene to broker a deal with Democrats, according to a senior White House official granted anonymity to discuss private conversations. The official added that the only stopgap funding bill that Democrats can expect is the one already on the table.

      “The President is happy to have a conversation about health care policy, but he will not do so while the Democrats are holding the American people hostage,” White House spokesperson Abigail Jackson said Thursday.

      A product of the Congress Trump has moulded --------------------------------------------------- In his second term, Trump has taken a top-down approach, leaving little in Congress to move without his approval.

      “What's obvious to me is that Mike Johnson and John Thune don't do much without Donald Trump telling them what to do,” said Democratic Sen Mark Kelly of Arizona.

      His hold is particularly strong in the GOP-led House, where Speaker Mike Johnson effectivelyowes his job to Trump, and relies on his influence to power through difficult legislative fights.

      When Republicans have withheld votes on Trump's priorities in Congress, he's called them on the phone or summoned them to his office to directly sway them. When that doesn't work, he has vowed to unseat them in the next election. It's led many Democrats to believe the only path to an agreement runs through the White House and not through the speaker's office.

      Democrats also want assurances from the White House that they won't backtrack on an agreement. The White House earlier this year cut out the legislative branch entirely with a $4.9 billion cut to foreign aid in August through a legally dubious process known as a “pocket rescission”.

      And before he even took office late last year, Trump and ally Elon Musk blew up a bipartisan funding agreement that both parties had negotiated.

      “I think we need to see ink on paper. I think we need to see legislation. I think we need to see votes,” said Ocasio-Cortez. “I don't accept pinky promises. That's not the business that I'm in.” Both parties also see little reason to fold under public pressure, believing they are winning the messaging battle.

      “Everybody thinks they're winning,” Murkowski said. “Nobody is winning when everybody's losing. And that's what's happening right now. The American public is losing.” (AP) SCY SCY

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