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    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
    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
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    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 operations require confirmed orders, traceable segregated stock, timely seller payments and proportionate export-benefit pass-through.
    The Inventory-based Cross-border E-Commerce Export Framework permits export-only inventory operations through a registered Exporter-on-Record, which procures goods against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted for domestic sale. Sellers must receive timely payment irrespective of overseas buyer payment, proportionate pass-through of export rebates and refunds, and visibility of sale prices, orders and shipment tracking. Annual compliance certification and digital records are required.
    August 5, 2026
    Show AI Summary
    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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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
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    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
    Show AI Summary
    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
    Show AI Summary
    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
    Show AI Summary
    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Show AI Summary
    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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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.

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      Seismic Academy 2025 by Hilti India Convenes Experts to Chart India's Retrofit and Earthquake Resilience Roadmap

      October 24, 2025

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      New Delhi, Delhi, India – Business Wire India • The conference featured keynote sessions, technical talks, case studies, student competitions, and an expert-led panel discussion with leaders from academia, government, and industry.

      • Since its inception in 2019, the Seismic Academy has engaged more than 2,500 stakeholders through workshops, training, and publications, influencing code updates, advancing retrofit techniques, and strengthening India’s earthquake resilience ecosystem.

      Hilti India, through its flagship knowledge platform Seismic Academy, conducted the Annual Conference 2025 at the India Habitat Centre, New Delhi, under the theme “Building Retrofits – Breathing Life into Existing Structures.” The conference spotlighted the urgent need to retrofit India’s ageing infrastructure to enhance earthquake resilience and fostered collaboration among engineers, policymakers, academicians, and industry leaders.

      The event offered participants a great opportunity to learn from global and national experts, gain insights on codal perspectives, explore real-world retrofit case studies on structural strengthening, and engage in solution-oriented dialogues. For the engineers, policymakers, researchers, and students in attendance, the sessions provided actionable frameworks and fresh perspectives ready for real-world application. By bringing together diverse stakeholders, the Academy reaffirmed its role as a catalyst for seismic resilience and knowledge exchange in India.

      The 2025 Annual Conference featured an engaging line-up of sessions designed to provide holistic insights into seismic considerations and structural retrofitting. The event commenced with a keynote address by Dr. Shailesh Agrawal, Executive Director, BMTPC, MoHUA, Government of India, emphasizing the importance of building earthquake resilience and guiding disaster-resilient construction across India. This was followed by keynote lectures on global perspectives in seismic engineering, a technical session on the Framework of Seismic Standards in India by Prof. Pradeep Kumar Ramancharla, Director, CSIR-Central Building Research Institute and a talk on Risk Assessment & Retrofit of Towns by Dr. Ajay Chourasia of CSIR-CBRI. Practical case studies on structural strengthening were presented by Mr. Arunabho Bhattacharya and Dr. Rohit Yadav, while an inspiring student competition showcased the creativity and innovation of young engineers.

      A high-powered panel discussion featuring leaders from CPWD, IIT Delhi, AECOM, and CCEPL explored pathways for scaling retrofits nationwide. The conference concluded with closing remarks from Hilti India’s leadership, underscoring the construction industry’s collective responsibility in advancing resilience and safety.

      Mr. Jayant Kumar, General Manager & Managing Director, Hilti India, said, "Our commitment through the Seismic Academy has always been to make seismic safety not just a technical conversation, but a national priority. This year’s focus on retrofits reflects our belief that innovation must go beyond new construction to address the vulnerabilities of our existing infrastructure. By fostering cross-disciplinary collaboration, we’re equipping stakeholders with the knowledge, data, and strategies to turn seismic resilience from an aspiration into measurable impact. For Hilti India, this is about safeguarding lives and livelihoods while shaping the future of construction.” Since its inception in 2019, Hilti’s Seismic Academy has emerged as one of India’s leading knowledge platforms for earthquake engineering. Its initiatives spanning annual summits, technical journals, webinars, research collaborations, and capacity-building workshops, have engaged over 2,500 key stakeholders from government bodies, academia, and industry. This sustained effort has driven the adoption of updated seismic codes such as IS 1893-Part 6, advanced retrofitting techniques, and a growing culture of preparedness across India’s construction ecosystem.

      Dr. Shailesh Agrawal, Executive Director, BMTPC, MoHUA, Government of India, said, “Platforms like the Seismic Academy are important in strengthening India’s earthquake resilience by deepening awareness, building technical capacity, and promoting the adoption of proven retrofit and safety practices. In a country with diverse geo-climatic conditions and high seismic risk, BMTPC’s Vulnerability Atlas of India provides critical guidance for disaster-resilient construction. I commend Hilti India for driving this important conversation and supporting initiatives that prioritize safety and preparedness nationwide.” Professor Vasant Matsagar, Advisory Board Member - Seismic Academy, and Dogra Chair and Head of the Civil and Environmental Engineering from Indian Institute of Technology (IIT) Delhi stated that, "As researchers, we strive for the cutting-edge seismic science and engineering, as well as the technologies developed in academia, translate to field realities, which can meaningfully influence the practice. What stood out at this conference was the genuine exchange between academicians and practitioners, creating pathways to translate advanced techniques such as performance-based design, damping technologies, and seismic base isolation into real-life projects. The Academy has become a unique platform where science, technology, codes/ standards, and field realities converge, accelerating the adoption of engineering solutions that can save invaluable lives and help make multi-hazard resilient communities.” Mr. Alok Bhowmick, Advisory Board Member - Seismic Academy and Managing Director - B&S Engineering Consultants said, “Retrofitting is not merely an engineering intervention - it is a social imperative. With regular upgradation of our seismic codes, the safety of our existing stock of structures are becoming questionable. Many of our critical buildings, especially hospitals, schools, and housing stock in seismic zones, cannot wait for replacement; they must be strengthened & retrofitted now. Country needs more and more competent engineers and it is high time that we have Engineers Act, with regulatory body ensuring competency for practicing engineers. The conference highlighted the urgent need to scale proven technologies and embed retrofitting guidelines into national housing and urban renewal programs. By mainstreaming these solutions, we can bridge the gap between policy intent and resilient ground realities.” Mr. Vinay Gupta, Advisory Board Member – Seismic Academy and Managing Director – Tandon Consultants Pvt Ltd said, “For an agency like CPWD, the biggest challenge is implementing seismic resilience at scales across a diverse portfolio of government assets. This forum has been invaluable in showcasing practical, cost-effective retrofit models that can be replicated nationwide. The conversations here give us actionable direction on integrating resilience into tendering, design approvals, and maintenance cycles assuring that seismic safety is not treated as a one-time measure, but as a lifecycle responsibility of infrastructure. He stressed upon the need of training not only the designers, also the construction engineers, foremen & labours in order for them to appreciate the need of this important aspect of seismic friendliness of structure.” The Academy’s impact is reflected in its research, published studies, and successful demonstration of technologies such as base isolation and damping systems in India and abroad. Its initiatives promote evidence-based decision-making that balances cost with safety, ensuring that critical infrastructure remains operational during earthquakes. Landmark projects such as the Mumbai Coastal Road and the post-Bhuj hospital retrofits exemplify the tangible outcomes of the Academy’s efforts to advance seismic resilience.

      As India faces growing seismic risks, Hilti’s Seismic Academy continues to stand as a foremost platform for knowledge dissemination, innovation, and policy dialogue on earthquake safety. The 2025 conference reinforced the shared resolve of stakeholders to close gaps in code enforcement, technical competency, and public awareness. With sustained collaboration, the Academy remains dedicated to building a safer, stronger, and more resilient urban future for India.

      About Hilti Group Hilti is a world-leading provider of high quality, innovative and specialized tools, fastening systems and software-based solutions for the professional user. With about 33,000 team members in over 120 countries, the company stands for direct customer relationships, quality and innovation. Hilti generated annual sales of more than CHF 6.4 billion in 2024. The headquarters of the Hilti Group have been in Schaan, Liechtenstein, since its founding in 1941. The company is privately owned by the Martin Hilti Family Trust, which ensures its long-term continuity. The Hilti Group’s purpose is Making Construction Better, based on a passionate and inclusive global team and a caring and performance-oriented culture.

      (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 PWR

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