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    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
    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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
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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
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      The Best Budget Phone^: moto g57 POWER Goes on Sale with the World's 1st Snapdragon® 6s Gen 4, a Segment Only 50MP Sony LYTIA™ 600 Camera, and a Massive 7000mAh Silicon-Carbon Battery — at Just Rs. 12,999*

      December 3, 2025

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      New Delhi, Delhi, India – Business Wire India • The moto g57 POWER goes on sale today, i.e. 3rd December 2025, 12 PM onwards on Flipkart, Motorola.in and leading retail stores at an effective starting price of just Rs. 12,999* • The moto g57 POWER raises the bar for Best budget phone^ at Just Rs. 12,999*, featuring the World’s 1st Snapdragon® 6s Gen 4 processor, a segment-best 50MP Sony LYTIA™ 600 camera, a segment-leading 7000mAh Silicon-Carbon battery with up to 60 hours of power##, and the segment 1st Android™ 16 out of the box, all in a premium Pantone™ curated vegan leather design • Driven by the World’s 1st Snapdragon® 6s Gen 4 processor, the smartphone ensures smooth multitasking, Seamless gaming, fastest 5G speeds, and reliable performance with 8GB RAM (expandable up to 24GB with RAM Boost) and 128GB of storage. • The device features the segment’s best 50MP Sony LYTIA™ 600 sensor, paired with the segment’s highest 8MP ultrawide camera. Powered by moto ai and Google Photos AI tools, it delivers enhanced detail, clarity, and intelligent imaging capabilities • The moto g57 POWER comes with the segment’s highest 7000mAh Silicon-Carbon battery, offering a slimmer profile, improved battery health, and up to 60 hours of power# • The moto g57 POWER sports a 6.72” FHD+ 120Hz display with Display Colour Boost, 1050 nits HBM brightness, and Dolby Atmos® stereo speakers with Hi-Res Audio for a deeply immersive entertainment experience • It offers segment-leading durability with Corning® Gorilla® Glass 7i, a MIL-STD-810H military-grade build tested across 13 standards, and an IP64 rating — making it one of the toughest devices • Crafted in a Pantone™-curated vegan leather finish, the smartphone comes in three premium colour options — Regatta, Fluidity, and Corsair, offering a stylish yet durable design Motorola, a global leader in mobile technology and India’s leading AI smartphone brand**, today announced the sale of its latest budget powerhouse The Best Budget Phone - moto g57 POWER at an effective price of just Rs. 12,999*. The device features multiple segment-leading features, including the World’s 1st Snapdragon® 6s Gen 4 processor, Segment’s Best 50MP Sony LYTIA™ 600 camera, Segment’s Highest 7000mAh silicon-carbon battery, Immersive 6.72” 120Hz Display with Gorilla® Glass 7i Protection, and the Segment’s First Android™ 16 out of the box. Powered by the cutting-edge Snapdragon® 6s Gen 4 (4nm) chipset—making it the first smartphone in the world to debut this processor—the moto g57 POWER ensures smooth multitasking, lag-free gaming, and fast 5G connectivity with support for 11 5G bands. Users also get 8GB RAM (expandable to 24GB with RAM Boost) and 128GB UFS 2.2 storage for maximum performance efficiency. The device elevates photography with the Segment’s Best 50MP Sony LYTIA™ 600 sensor, paired with the Segment’s Highest 8MP Ultrawide camera and an advanced 2-in-1 ambient sensor. Backed by moto ai, the camera supports intelligent features like AI Photo Enhancement Engine, Auto Night Vision, AI Portrait, Auto Smile Capture, and seamless editing with Google Photos AI tools such as Magic Eraser, Magic Editor, and Photo Unblur. A major highlight is the Segment’s Highest 7000mAh silicon-carbon battery, offering up to 60 hours of runtime##, ensuring more than two days of uninterrupted power. The advanced silicon-carbon technology ensures slimmer design, better heat management, and longer battery health. The moto g57 POWER also features a 6.72” FHD+ 120Hz Display with Display Colour Boost, 1050-nits HBM, and SGS Eye Protection. Combined with Dolby Atmos® stereo speakers, Hi-Res Audio, and Bass Boost, it offers an exceptional entertainment experience. Built to endure, the device features Segment’s Only Corning® Gorilla® Glass 7i with 3× better protection, a MIL-STD-810H certified build, and IP64 water and dust resistance, making it one of the toughest phones in its segment. As the Segment’s First smartphone with Android™ 16, users get the latest OS experience immediately, along with Motorola’s guarantee of Android™ 17 and 3 Years of SMRs. The moto g57 POWER features a sleek, flat frame and an ultra-premium Pantone™ curated vegan leather finish, available in striking colour options — Regatta, Fluidity, and Corsair. It also includes Smart Connect 2.0 with Swipe to Share, Swipe to Stream, Moto Secure with ThinkShield®, Family Space, and Moto Unplugged for an elevated software experience. Availability: The moto g57 POWER is available in 8GB RAM + 128GB storage and comes in three Pantone™ curated vegan leather finishes: Regatta, Fluidity, and Corsair. All feature an ultra-premium vegan leather finish that enhances both grip and style. Sales starts today – 3rd December from 12 PM onwards on Flipkart, Motorola.in, and at leading retail stores across India. Offer Details: Product Name: moto g57 POWER Launch Price (8GB + 128GB): Rs. 14,999 Bank Offer: Rs. 1,000 additional Bank Discount Special Launch Offer: Rs. 1,000 Limited Period Special Discount Effective Price with Offer: 8GB + 128GB: Rs. 12,999* To know more about the product visit: https://www.flipkart.com/motorola-g57-power-5g-regatta-128-gb/p/itm2d4d13a1de801?pid=MOBHGRFEGSFYUE2E Operator Offers: Total Benefits worth Rs. 10,000 from Reliance Jio (Applicable on pre-paid plan of: Rs. 449) - Cashback worth Rs. 2000 - Partner coupons worth Rs. 8000 Disclaimers: *Price Including offers. Valid for a limited period only **As Per TechArc India’s Leading AI Smartphone Brand Report 2025 ^within the segment from motorola under 13K ##Battery hours are approximate and may vary About Lenovo & Motorola Lenovo is a US$62 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, employing 77,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company by further expanding into growth areas that fuel the advancement of ‘New IT’ technologies (client, edge, cloud, network, and intelligence) including server, storage, mobile, software, solutions, and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). Motorola Mobility LLC was acquired by Lenovo Group Holdings in 2014. Motorola Mobility is a wholly owned subsidiary of Lenovo and is responsible for designing and manufacturing all Moto and Motorola branded mobile handsets and solutions. *T&C Apply. Including all offers. Offers subject to change at the discretion of the brand To View the Image, Click on the Link Below: The best budget phone^ moto g57 Power goes on sale at Rs. 12,999* (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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