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    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
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
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    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
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    Rupee gains 9 paise against US dollar
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    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
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
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    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
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    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
    Show AI Summary
    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
    Show AI Summary
    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.

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      the*spark forum's charcha 2025 charts pathways for resilient livelihoods and collaborative action towards Viksit Bharat @ 2047

      November 19, 2025

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      ~ 2000 stakeholders including 200 speakers across samaaj, sarkar and bazaar convene in New Delhi to shape India's inclusive growth agenda ~ Co-hosted in partnership with 29 co-hosts including Ministry of Social Justice & Empowerment, Atal Innovation Mission (AIM), LinkedIn, Meta, DBS Foundation, Meesho, Mphasis and other sector leaders NEW DELHI, Nov. 19, 2025 /PRNewswire/ -- The sixth edition of charcha 2025 by the*spark forum concluded on Nov 14 at the India Habitat Centre, New Delhi, after three days of dialogue, ideas and partnerships at the intersection of technology, inclusion and livelihoods. India's largest collaborative convening on livelihoods, charcha brought together 2000 leaders and practitioners across government, markets, and civil society across three days to align on how India can build resilient livelihoods and inclusive prosperity for every citizen on the road to Viksit Bharat @ 2047. Expanding on the roadmap to a 'Viksit & Inclusive' India @2047', India's G20 Sherpa and FormerCEO NITI Aayog, Government of India, Shri Amitabh Kant (IAS), stated, "If we want to create an employable population, it is very critical to focus on improving health outcomes and nutrition standards as well. Additionally, if we want to grow at the rate required to transform India into a 30 trillion economy, we need to fire on all cylinders - you need to do services but you also need to do smart urbanisation, which will be a key driver of job creation in India." Adding to this, Dr. Shamika Ravi, Member, Economic Advisor to the Prime Minister, added, " There is a big gap between degree and skill. We have a lot of educated people, degree holders, but the market actually values skill. Most of the industry surveys are telling me that today, the biggest constraint to our growth is not finance, we can raise capital, but the biggest constraint to the growth of existing firms, creation of new jobs, etc. is skilled manpower." Over three days and 50+ hours of live programming, the event featured 200 speakers and 29 co-hosts including Ministry of Social Justice and Empowerment - Government of India, Meta, LinkedIn, Atal Innovation Mission - NITI Aayog, The Gates Foundation, DBS Foundation, British Asian Trust, Mphasis, Meesho, NuSocia, Magic Bus, The Bridgespan Group Magic Bus, Lend a Hand India, The/Nudge Institute and others to explore seven cross-cutting themes: Tech, Data & Impact; Agri & Rural Livelihoods; Policy & Capacity; Skills & Livelihoods; Inclusion, Empowerment & Sustainability; Capital & Philanthropy; and Social Entrepreneurship & SMEs. Highlighting his vision for charcha 2025, Jerold Pereira, Managing Director, the*spark forum, commented, "India's growth is at a stage where scale will come not from silos, but from alignment. At charcha, we are building the connective tissue between government, markets and civil society - an infrastructure of collaboration that can outlast projects and personalities. The most powerful infrastructure we can build today is the one that connects institutions: linking the intent of sarkar, the innovation of bazaar and the insight of samaaj. And charcha serves as this collaborative platform where key stakeholders across India's livelihood development ecosystem come together to share, learn, celebrate and discover scalable pathways to drive meaningful change, aligned with the government's Viksit Bharat by 2047 agenda." Talking on social justice and equitable growth, Mr. Amit Yadav (IAS), Secretary, Department of Social Justice & Empowerment, Government of India, added, "The measure of any society is how it treats its most vulnerable members. India's constitutional vision of justice, equality, liberty and fraternity, continues to guide our mission to build a just, inclusive and equitable society where every individual has equal access to opportunity and a life of dignity." Adding a market perspective, Kumaresh Pattabiraman, Country Manager and Product Head, LinkedIn India, reflected that India's growth will be defined by how well its tier-two and tier-three cities convert energy into opportunity. The promise of Viksit Bharat @ 2047, he noted, depends on building ecosystems that make skills and jobs accessible to every professional, no matter their pin code. Rukmini Banerji, CEO, Pratham Education Foundation, speaking on empowerment, said, "Desh ko badalna bahut badi baat hai, but apne gaon ko badalna is possible (Transforming the nation is a massive goal, but changing our villages is possible). We'll need mechanisms like School management committees, and mothers groups which, if activated, will lead to ownership." Throughout the convening, a powerful narrative emerged around the role of technology in inclusion. Sessions on AI and digital infrastructure examined how these tools can strengthen livelihoods rather than replace them. Leaders from Meta, NASSCOM Foundation and Atal Innovation Mission shared examples of AI-enabled social innovation, digital skilling for rural youth and emerging models of micro- and nano-entrepreneurship that combine technology and human agency. Focusing on gender inclusion and tech, Dr. Kalika Bali, Senior Principal Researcher, Microsoft Research Labs India, stated, "There is going to be disruption because of AI, I agree. But we need to ask which sectors women in India are most employed in, mostly in lower-skill jobs. These are the jobs that will be most affected by AI and high tech. One sector where women cannot be replaced is the care economy, like ASHA workers." Conversations on agriculture and rural livelihoods spotlighted regenerative farming, climate resilience and inclusive value chains as the foundations of a prosperous rural economy. Whether the focus was on gender, technology or sustainability, the message remained consistent: India's path to inclusion will depend on the ability of governments to enable, markets to innovate and civil society to bridge last-mile inequities. Since its inception in 2020, charcha has grown into one of India's foremost platforms for development dialogue, engaging more than a thousand leaders, fifteen thousand stakeholders and reaching over one and a half million people. The 2025 edition deepened this legacy by focusing on livelihoods resilience, technology for inclusion and partnerships that can translate India's demographic potential into equitable economic growth. About the*spark forum the*spark forum is India's leading platform for dialogue and collaboration on livelihoods, curating cross-sector convenings that inspire ideas, partnerships and action toward a poverty-free India. Media Contact Preyashi Roy [email protected] +91-9167368602 Photo: https://mma.prnewswire.com/media/2827092/charcha_2025_event.jpg' alt='Embedded Media' /> Logo: https://mma.prnewswire.com/media/2814151/charcha_by_the_spark_forum_Logo.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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