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    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
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    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory 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
    Show AI Summary
    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Show AI Summary
    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.

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      Centre for Wildlife Studies Joins the Shikshagraha Movement to Embed Environmental Consciousness in India's Public Schools

      November 29, 2025

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      Bengaluru, Karnataka, India (NewsVoir) The Shikshagraha movement, a nationwide people-powered effort to improve all one million public schools in India, took a significant stride today as the Centre for Wildlife Studies (CWS) formally joined the movement at Shiksha Samvaad, a convening hosted at the Bangalore International Centre. With this, CWS becomes a lead contributor to advancing environmental consciousness as an essential dimension of education quality, climate readiness and children’s well-being. The move signals growing recognition that preparing India’s young citizens for the future requires strengthening their relationship with nature, wildlife and the ecosystems they depend on. Highlights from Shiksha Samvaad The event brought together educators, conservationists, policymakers and school system leaders to reflect on how environmental consciousness can become a defining component of education quality in India. The Samvaad marked the launch of several movement-wide assets: • Centre for Wildlife Studies officially joins the Shikshagraha movement, advancing shared efforts to embed environmental consciousness in education. • Educator Guidebook (Vol.I) released for implementation within Karnataka’s curriculum. The Wild Shaale Educator’s Guidebook is a simple, activity-based resource that helps teachers bring environmental learning into everyday classroom practice. Built through years of field experience, it offers easy, hands-on activities that encourage children to explore nature, ask questions, and connect with local wildlife. Designed for educators of all backgrounds, it supports small yet meaningful actions that build environmental awareness as a natural part of school culture. • The Education Toolkit includes detailed Standard Operating Procedures for the Modular Asset and Solution Design frameworks, offering clear guidance to teachers and facilitators using the Educator Guidebook for effective implementation. “These resources will strengthen not only classrooms but also the communities that surround them. Environmental consciousness isn't just about conservation, it's about building sustainable livelihoods, responsible citizenship, and a deeper connection between young people and the ecosystems they depend on. When we invest in environmental education, we're investing in the resilience and well-being of entire communities,” said Shruti Shibulal, Permanent Trustee, The Shibulal Family Philanthropy Initiatives (a co-builder of the Shikshagraha Movement) and Executive Vice Chair, Tamara Leisure Experiences. A movement for environment-first schooling Shikshagraha’s core belief is that no single actor can drive systemic change alone. The movement brings together communities, civil society organisations, educators, governments and social innovators to collectively improve public schools. By joining Shikshagraha, CWS will contribute its decades of conservation science, community engagement and environmental education expertise to strengthen the movement’s work across districts, states and partner networks. Over the coming year, CWS will support the movement by: • Co-creating environmental education and sustainability resources with the Shikshagraha Centre of Excellence (CoE) team, ensuring contextual relevance for diverse geographies. • Leading the Environment Sub-Collective, embedding wildlife awareness, sustainability, and climate action across the movement’s partners’ work. • Building capacity of grassroots organisations to integrate environmental principles into their programmes. • Supporting small changes in Mysuru district as part of the Exemplary Shikshagraha Intervention, a ground-level demonstration of how the vision and values of the Shikshagraha movement translate into tangible impact. “After nearly a decade in the wildlife conservation space, one thing has become very clear to me: protecting our natural world cannot rest on the shoulders of a few people working full-time in this sector. Conservation is a shared responsibility, something each of us must carry in our daily choices and actions. Through our collaboration with Shikshagraha, we now have an incredible opportunity to take this message to thousands of children and schools across the country. By nurturing environmental awareness early on, we’re helping build a generation that not only understands India’s rich biodiversity but also feels responsible for safeguarding it,” said Sahil Pimpale Program Manager, Wild Shaale. A shared narrative for the next generation As part of the movement, CWS will contribute insights from its Wild Shaale programme, best practices in conservation education, proof points demonstrating the impact of environmental consciousness on children’s learning and agency and stories from the field. In turn, Shikshagraha’s movement-wide platforms — from micro-improvement pilots to solutions repository and public communications — will amplify the collective work, ensuring that environmental learning becomes visible, actionable and scalable. About Centre for Wildlife Studies (CWS) The Centre for Wildlife Studies (CWS) is an internationally recognized centre-of-excellence in the areas of wildlife research, conservation, policy, and education. Our mission is to safeguard and conserve India's rich and diverse wildlife heritage through cutting-edge research, effective conservation strategies, and community engagement. For forty years, we have been committed to advancing scientific knowledge, promoting sustainable practices, and inspiring a collective sense of stewardship to ensure the survival of India’s wildlife and their habitats for future generations. Our vision is of a society that values and protects its natural heritage, fostering a sustainable environment where wildlife thrives and human well-being is interconnected with the health of the natural world. Through our research, conservation efforts, and community empowerment, we aspire to create a future where wildlife and humans can coexist, ensuring the perpetuity of India's extraordinary natural wildlife heritage. In 2025, Dr. Krithi K. Karanth & CWS were recipients of the John P. McNulty Prize, the first wildlife organization to ever receive this honor. About Shikshagraha Shikshagraha is a people-powered movement to improve all 1 million public schools in India — so that every child experiences enriching learning and is ready for the future. Real change begins with the child at the centre — their learning, confidence, well-being, and aspirations, and with those closest to the child. The movement enables parents, women and youth to demand and support quality education, and equips teachers, school leaders, officials with tools for micro-improvements towards systemic change. Currently, 35+ civil society, industry and philanthropic partners in the Shikshagraha network are collectively strengthening 1,17,000+ schools across 33 districts across 14 states & UTs. This includes enabling education leaders to lead need-based school improvements and amplifying women, youth and community participation in the public education system. Shikshagraha works towards improving schools where the need is greatest, supports leadership on the ground, and shifts the norms that hold education back. Through visible practice change and collective action by communities, governments, civil society, and markets, it reimagines what public schools can and must deliver. Visit shikshagraha.org for more details. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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