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    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
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
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    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
    Show AI Summary
    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
    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
    Show AI Summary
    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.

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      Israel announces plan to seize historical site in West Bank as new settlement appears

      November 20, 2025

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      Jerusalem, Nov 20 (AP) Israel plans to seize parts of a major West Bank historic site, according to a government document, and settlers put up a new outpost overnight, even as the country faces pressure to crack down on settler violence in the Palestinian territory.

      Israel's Civil Administration announced its intention to expropriate large swaths of Sebastia, a major archaeological site in the West Bank, in the document obtained by The Associated Press on Thursday. Peace Now, an anti-settlement watchdog group, said the site is around 1,800 dunams (450 acres) — Israel's largest seizure of archeologically important land.

      The move came as Israeli settlers celebrated the creation of a new, unauthorized settlement near Bethlehem, and a Palestinian lawyer said a West Bank activist has been detained and hospitalized.

      Meanwhile, Human Rights Watch said Israel may have committed war crimes when it forcibly expelled 32,000 Palestinians from three West Bank refugee camps this year.

      Israel to seize swaths of Sebastia heritage site -------------------------------------------------- The Israeli order released November 12 lists parcels of land it intends to seize in the Sebastia area. Peace Now, which provided the document to AP, said the popular archeological site, where thousands of olive trees grow, belongs to the Palestinians.

      The capital of the ancient Israelite kingdom Samaria is thought to be beneath the ruins of Sebastia, and Christians and Muslims believe it's where John the Baptist was buried.

      Israel announced plans to develop the site into a tourist attraction in 2023. Excavations have already begun and the government has allocated more than 30 million shekels ($9.24 million) to develop the site, according to Peace Now and another rights group.

      The order gives Palestinians 14 days to object to the declaration.

      The largest parcel of historical land previously seized by Israel was 286 dunams (70 acres) in Susya, a village in the south of the West Bank, Peace Now said.

      Settlers inaugurate new illegal outpost days after Palestinian attack ---------------------------------------------------------- Israeli settlers said they established a new unauthorized outpost close to Bethlehem. The chairman of the local Etzion settler council, Yaron Rosenthal, welcomed the settlement as a “return to the city of our matriarch Rachel, of King David.” Rosenthal said the new community would “strengthen the connection" between Etzion and Jerusalem.

      The new outpost could be a response to the latest Palestinian attack on Israelis in the West Bank. It's close to the busy junction where on Tuesday Palestinian attackers stabbed one Israeli to death and wounded three more.

      Rosenthal demanded that Israel respond forcefully and better support the settlements.

      “Terrorism is fueled by the hope of a state,” he said, connecting the violence to the Palestinian Authority and a renewed push to advance efforts to secure Palestinian statehood.

      Hamas did not claim responsibility for the attack, but in a statement called it “a normal response to the occupation's attempts to liquidate the Palestinian cause,” vowing that Israeli aggression wouldn't go unchallenged.

      Hagit Ofran, the director of Peace Now's settlement watch program, said the outpost is on land that used to be an Israeli military base. Photos that settlers shared online show temporary homes at the site and bulldozers at work.

      Israel captured the West Bank, east Jerusalem and Gaza — areas claimed by the Palestinians for a future state — in the 1967 war. It has settled over 500,000 Jews in the West Bank, largely on unauthorized settlements, in addition to over 200,000 more in contested east Jerusalem.

      Israel's government is dominated by far-right proponents of the settler movement including Finance Minister Bezalel Smotrich, who formulates settlement policy, and Cabinet minister Itamar Ben-Gvir, who oversees the nation's police force.

      Israel's president and high-ranking military officials have condemned a recent wave of settler violence in the West Bank.

      Palestinian activist is detained and hospitalised -------------------------------------------------- A Palestinian activist who documented settler violence in the West Bank has been detained and hospitalised, his lawyer told the AP Thursday. Riham Nasra said the activist, Ayman Ghrayeb Odeh, was hospitalised after his detention at a military base in the Jordan Valley.

      “Israeli authorities refuse to reveal where he is, what his condition is or why he has been hospitalized,” she said.

      Shin Bet, Israel's security agency, confirmed the activist has been detained on incitement charges. Odeh could face indefinite administrative detention, a punishment without charge or a trial based on secret evidence.

      His brother, Bilal Ghrayeb, told AP he spoke briefly with Odeh shortly after his detention while he was visiting a Palestinian family in the Jordan Valley. His brother said the military confiscated Odeh's phone and that he has not heard from him since.

      “He is an activist who posts photos and writes on social media about what is happening. He is not inciting. He is not hiding anything, nothing is secret. He is only saying and posting what he sees about the lives of people in the Jordan Valley," Ghrayeb said.

      Human Rights Watch says Israel committed war crimes in the West Bank ------------------------------------------------------------------ Human Rights Watch said top Israeli officials including Prime Minister Benjamin Netanyahu, Finance Minister Bezalel Smotrich and Defense Minister Israel Katz should be investigated for war crimes. In a report published Thursday, the group said the Israeli military forcibly expelled 32,000 Palestinians from three West Bank refugee camps this year.

      Israel's military raids on refugee camps in the north of the West Bank in January and February amounted to the largest displacement in the territory since Israel captured it in 1967, Human Rights Watch said.

      Israel has said its troops will stay in some camps for a year, and its unclear when, if ever, Palestinians will be able to return. Thousands of displaced Palestinians are living with relatives cramming into rental apartments, or living in public buildings.

      Human Rights Watch said it analyzed satellite images and concluded that more than 850 homes and buildings were destroyed or heavily damaged. The Israeli military has said it was attacking militant infrastructure and clearing space for troop movement.

      Israel said the “Operation Iron Wall” raids were necessary to stamp out militancy in the West Bank after the Hamas-led October 7, 2023, attack ignited the war in Gaza. It said Thursday that troops dismantled explosive labs and exchanged fire with militants during the raids. It said in a statement that militant attacks have since decreased by 70 per cent in the West Bank, but provided no evidence.

      Human Rights Watch said Israeli authorities didn't explain why they had to remove everyone from the camps nor why they haven't been allowed to return. The report said the military shot at residents who attempting to reenter the camps, and that it has not provided shelter or humanitarian assistance to the displaced.

      “With global attention focused on Gaza, Israeli forces have carried out war crimes, crimes against humanity, and ethnic cleansing in the West Bank that should be investigated and prosecuted,” said Nadia Hardman, senior refugee and migrant rights researcher at Human Rights Watch.

      The report was based on interviews with 31 Palestinians displaced from Tulkarem, Nur Shams and Jenin refugee camps.

      The camps resemble dense, urban slums and are home to millions of Palestinians. Human Rights Watch said it analyzed satellite imagery of the camps and found more than 850 homes and buildings have been destroyed or heavily damaged.

      The Israeli military has told the AP that some of the damage was to strike militant infrastructure, while some was to clear space for easier troop movement around the camps. (AP) RD RD

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