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    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
    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
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    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.
    August 5, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
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    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
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    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.

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      Masters’ Union B-School records INR 33.39 LPA average for 2025 Batch; includes 30 international placements & 4 offers above INR 1 crore

      November 27, 2025

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      Audited Placement Report confirms 30 international offers exceeding the combined tally of IIM A, B and C; with INR 64 LPA international average • Average Annual Compensation for the Top 25% stands at INR 54.80 LPA, highest being INR 1.28Cr • The cohort secured 4 INR 1-crore+ roles, marking one of the highest tallies among Indian business schools • 30+ students from the cohort launched their own startups reporting INR 4.32 crore in projected annualised recurring revenue (ARR) • Notable ventures include Cryptique, Obvious AI, Mom’s Mixes, Monarque, BanaRoma, Guardex and Saaha India • The placement report has been audited by B2K Analytics (formerly Brickworks Analytics), an auditor for IIM Ahmedabad's placement report as well New Delhi, November 26, 2025: Masters’ Union, one of India’s leading business and technology schools released its audited Placement Report for the Post Graduate Programme in Technology & Business Management (PGPTBM) Cohort of 2025, reporting its strongest outcomes to date. The highest annual compensation touched INR 1.28 crore, with 4 students breaching the INR 1 crore annual compensation mark. The cohort’s INR 33.39 LPA average (median of INR 27.78 LPA) places Masters’ Union among the highest across Tier-1 Indian business schools this year with the school also securing 30 international offers, exceeding the combined international offer count at Top IIMs. Students received 1.42 offers on average, reflecting strong hiring momentum across sectors. The top quartile of the cohort reported an average of INR 54.80 LPA, underscoring depth in compensation outcomes. A total of 64 campus drives were conducted this year, with 55 new recruiters - including Meta, Careem, DP World, Sirius International Holdings, Citibank, Flipkart, Mobikwik, Abdul Latif Jameel, IndusInd Bank, KPMG India, Reliance Infrastructure, Alvarez & Marsal, Accenture, and Kotak, extending offers to Masters’ Union students. This year also marked a significant expansion in global hiring. The 30 international offers spanned the USA, Canada, UAE, and KSA, with an international average of INR 64 LPA. Recruiters included Meta (US), Commvault (US), Careem (UAE), DP World (Dubai), Sirius Holdings International (Abu Dhabi), and Abdul Latif Jameel (Saudi Arabia), alongside multinational groups in mobility, fintech and logistics. The school’s first overseas campus drive at Sirius Holdings International in Abu Dhabi deepened access to roles across the Gulf region. On the domestic front, compensation outcomes remained strong, with a domestic average of INR 30.72 LPA, indicating consistency across roles and sectors. Hiring spanned consulting, product management, banking and financial services, consumer tech, venture capital, and Founder’s Office positions across high-growth companies. A total of 23 students stepped into strategic leadership-track roles across Founder’s Office, Chief of Staff, and Entrepreneur-in-Residence portfolios, including 11 placed as Chief of Staff. More than 90% of students accepted full-time offers before the penultimate term, highlighting early and sustained recruiter demand. Manoj Kohli, Chairman to the Board at Masters’ Union, said: “For a five-year-old business school to surpass institutions like IIM Ahmedabad in key employment outcomes, especially global placement opportunities, is a signal of a structural shift in how industry perceives talent. This year, the number of international offers generated even surpassed those of IIM Ahmedabad, Bangalore, and Calcutta combined, a milestone that reflects the confidence global employers place in our model. Our practitioner-led approach enables students to build, experiment, and solve real problems. This year’s results from the INR 1.28 crore annual compensation to unprecedented international mobility and entrepreneurial outcomes reinforce that India is ready for a new kind of B-school, one built for the future of work.” Pratham Mittal, Founder, Masters’ Union, said: “This year, Masters’ Union has continued to raise the bar, securing memberships in AACSB, EFMD Global and the BSIS Label, and expanding our venture ecosystem alongside our global footprint. Our students stepped into some of the most strategic roles in India and abroad, from Founder’s Office to Chief of Staff. Quick Commerce companies alone extended 39 offers, while dropshipping revenues crossed INR 3.38 crore. As we look ahead, our ambition is clear: attract more AI-focused companies, enable 30% of our students to become job creators, and position Masters’ Union among the Top 10 global B-schools by 2030.” Abhishek Kaul, Director, Masters’ Union, added: “Our global presence reached new heights this year, with 30 international offers across key economic corridors including the Middle East, Europe, and North America. The highest annual compensation touched INR 1.28 crore, marking one of the strongest results in our institution’s history. What excites us most is the quality of opportunities our students are stepping into leadership-track roles in strategy, AI, digital transformation, and venture building across global hubs. These outcomes reaffirm our commitment to shaping business-ready talent for a rapidly evolving world economy.” Entrepreneurship remained a core pillar of the Masters’ Union experience this year, with 35+ students launching their own startups. Supported by the Masters’ Union Investment Fund, ventures received INR 1.36 crore in grants, achieved INR 4.32 crore in projected annualised recurring revenue, and delivered an impressive 7.3 capital efficiency. With 4,500+ personalised mentorship hours and student ventures reaching the advanced stages of Shark Tank India, including finalist pitches, the entrepreneurial ecosystem continued to gain momentum. Notable grant-backed ventures included Cryptique, Obvious AI, Mom’s Mixes, Monarque, BanaRoma, Guardex, Saaha India, Spawn Right, Flourish, Pixel School of Fashion, AKARA, Truebrands India, NutriZen (Yango) and Bambaii Foods. Note to the Editor: The placement report has been audited by B2K Analytics (formerly Brickworks Analytics), an auditor for IIM Ahmedabad's placement report as well. To download the full audited Placement Report for the Cohort of 2025, click here About Masters’ Union: Masters’ Union is a premium tech & business school based in the corporate district of Gurugram. It was founded in 2020 with the philosophy of hands-on learning where students learn by doing. The leadership behind Masters’ Union consists of graduates from Stanford, Wharton, and IITs and IIMs. Unlike traditional colleges, the faculty at Masters’ Union comprises MDs, CXOs and AI Experts from companies such as Amazon, Apple, IBM, McKinsey, PwC, and KPMG. Additionally, the Institute also brings in faculty from the world’s top-ranked universities such as Oxford & Harvard. Visit https://mastersunion.org/ (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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