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    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
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    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
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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
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    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
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    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
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    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.

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      Meet Aman Thakran: The Indian Entrepreneur Building a ₹200-Crore Global Travel Brand with BharatFare.com

      November 1, 2025

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      The 27-year-old founder of BharatFare.com is redefining how Indians book international flights — combining affordability, transparency, and community trust The Journey from a Small Village Near Delhi to a Global Stage Few stories in India’s startup ecosystem capture the blend of ambition and empathy as powerfully as that of Aman Thakran, the visionary behind BharatFare.com. Born on 24 October 1997 in Bajitpur Thakran, a small village located near Delhi, Aman represents the new generation of Indian entrepreneurs — rooted in simplicity, driven by purpose, and guided by innovation. As the founder and CEO of BharatFare.com, a London-based travel technology company launched in September 2025, Aman’s mission is to redefine how Indians book international flights. His platform focuses on affordability, transparency, and personalized service, bringing a human touch back into the digital travel experience. Understanding the Challenges Faced by Indian Travellers Growing up in a modest household, Aman witnessed how complicated and expensive it was for Indian families and students to travel abroad. Many people in rural and semi-urban India depend on travel agents who often charge high commissions and hide crucial price details. Later, when Aman moved to the United Kingdom, he noticed that even Indians living abroad — including students and NRIs — faced the same issues: fluctuating ticket prices, hidden fees, and lack of trustworthy support. These experiences became the foundation for BharatFare.com. Aman realized there was a huge gap in the travel industry — a need for a reliable, transparent, and customer-centric platform that puts people before profits. With that idea, he started working on a model that would simplify the international flight booking process for everyone. The Birth of BharatFare.com — India’s Travel Platform for the World Founded in London, BharatFare.com was built with one clear purpose — to make global travel simple, affordable, and fair for Indians everywhere. The platform operates on a unique WhatsApp-first booking model, allowing users to inquire, compare, and book international flights directly through chat. This easy, conversational experience removes the confusion of using complex websites and helps travellers feel more connected and supported. What sets BharatFare.com apart is its commitment to transparency. Every fare displayed is clear, without hidden charges or inflated commissions. Customers receive end-to-end assistance, from flight comparison to booking confirmation, all through a verified chat system handled by real travel experts — not bots. Within just a few months of its launch, BharatFare has gained widespread attention among students, NRIs, and frequent international travellers across India, the UK, and the Middle East. Its combination of trust and technology has helped it quickly become one of the most promising Indian-led travel startups operating globally. Building Trust Through Technology and Empathy In a world where digital travel platforms often prioritize automation over human connection, Aman Thakran’s BharatFare.com brings back the essence of personal service. The company leverages smart technology to simplify operations but never compromises on human support. Whether it’s finding last-minute flight deals, providing flexible payment options, or offering 24/7 customer care, BharatFare ensures that travellers always have a reliable companion. Aman often emphasizes that technology should make people’s lives easier, not distant. “At BharatFare, we believe in serving travelers with honesty and heart. Every ticket we book is more than a sale — it’s someone’s dream to go home, study abroad, or start a new chapter,” he says. This people-first philosophy has made BharatFare.com a trusted name in the travel community. The startup has also been praised for maintaining transparency, ethical pricing, and community engagement, values that have become increasingly rare in the highly competitive travel sector. Recognition and Media Features Aman Thakran’s inspiring journey and innovative business approach caught national attention when he was featured in Fox Story India’s 2025 special, “How Aman Thakran Is Making Air Travel Affordable for Students, NRIs, and Families.” The feature highlighted his dedication to solving real-world travel issues and his goal of empowering Indians around the globe with accessible and honest travel solutions. The article brought BharatFare.com to the spotlight as a credible and fast-growing player in the international travel market — one that blends Indian values with global ambitions. The Road Ahead — A ₹200-Crore Vision Aman’s future goals for BharatFare.com are ambitious yet grounded. He envisions expanding the platform into a ₹200-crore global enterprise within the next decade. Plans are already underway to open regional offices in Europe, North America, and Asia, enabling BharatFare to serve diverse audiences with localized support and multilingual service teams. Beyond just being a ticketing platform, Aman aims to transform BharatFare into a comprehensive travel ecosystem, offering accommodation booking, visa assistance, student travel packages, and real-time flight support. He believes that Indian entrepreneurs can lead the next global wave of travel innovation — and BharatFare will stand at the forefront of that transformation. Inspiring the Next Generation From the quiet lanes of Bajitpur Thakran to the bustling avenues of London, Aman Thakran’s story reflects the strength of a new India — ambitious, innovative, and fearless. His journey is a reminder that one does not need to be born in privilege to make a global impact. What’s required is vision, perseverance, and a deep understanding of people’s needs. Today, thousands of Indian students and NRIs rely on BharatFare.com for their international travel needs, confident that the platform values their trust. Aman continues to inspire young entrepreneurs, proving that technology can be a powerful force for fairness and change when guided by purpose. “BharatFare isn’t just about travel; it’s about connection, trust, and giving people the confidence to explore the world,” Aman says with pride. A Bridge Between India and the World As BharatFare.com continues to grow, Aman’s vision stands as a symbol of India’s entrepreneurial spirit taking flight on a global stage. His brand not only empowers travellers but also strengthens the bridge between India and the international community — promoting cross-border travel, understanding, and opportunity. From the humble village of Bajitpur Thakran to becoming a global name in travel technology, Aman Thakran’s journey showcases what’s possible when innovation meets integrity. And as BharatFare moves closer to its goal of becoming a ₹200-crore travel brand, it carries with it a mission larger than business — to make fair and affordable travel a reality for everyone. Conclusion The story of Aman Thakran and BharatFare.com is more than just a tale of entrepreneurial success — it’s a reflection of India’s evolving startup ecosystem, where innovation meets integrity. From a small village near Delhi to the heart of London’s tech scene, Aman’s rise stands as proof that vision, hard work, and empathy can truly take you places. As BharatFare.com grows, it carries forward its founder’s dream: to make international travel transparent, affordable, and trustworthy — for every Indian, everywhere. Official Website: https://bharatfare.com/ (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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