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    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    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
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    August 6, 2026
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    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
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    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    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
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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.

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      Rajeev Bhatt: The Architect of India’s Neurodiversity and Inclusion Revolution

      December 6, 2025

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      On 3 December 2025, when Rajeev Bhatt stepped forward to receive the National Award for Empowerment of Persons with Disabilities, the thunderous standing ovation that filled the auditorium signified far more than recognition of a single achievement. It was a collective tribute to three decades of unwavering dedication—a quiet yet powerful revolution that transformed how India understands, accepts, and supports children with learning differences. For over thirty years, Rajeev Bhatt has been one of the most influential figures shaping India’s discourse on learning disabilities, neurodiversity, and inclusive education. In an era when stigma overshadowed science and parents struggled with confusion, he offered clarity, compassion, and credibility. A Visionary Ahead of His Time Long before terms like autism, dyslexia, or ADHD became part of mainstream conversation, Rajeev Bhatt was already interpreting their complexities for the nation. His pioneering books Decoding Autism and Decoding Dyslexia became foundational resources for parents, educators, and practitioners across India. These works bridged the often intimidating gap between scientific research and real-life application, making the subjects accessible and relatable. For thousands of families, these books became lifelines—sources of answers during times of uncertainty. A defining moment in his early career came through his mentorship of Aditya Bawa, the first CBSE student to receive academic recognition despite severe learning disabilities. Aditya’s recognition by then–Prime Minister Shri I. K. Gujral marked a historic shift: it brought the challenges faced by children with learning differences into national focus. This milestone did not merely change the course of one child’s life—it ignited a movement. Rajeev Bhatt emerged from that moment as a national torchbearer for inclusive education. Transforming Lives, One Child at a Time Since the early 1990s, Rajeev Bhatt has been at the forefront of India’s fight against stigma and misconception. At a time when many children were misdiagnosed or dismissed, he traveled across the country—cities, towns, and rural communities—spreading awareness that was rooted in empathy as much as expertise. Under the umbrella of the Inclusive India initiative, he conducted a wide range of programs, including awareness sessions, sensitization workshops, parent guidance modules, teacher training seminars, and community advocacy campaigns. His approach has always been gentle but firm. Instead of battling stigma through confrontation, he dismantled it through knowledge. He replaced fear with understanding, shame with acceptance, and hopelessness with possibility. Adhyayan Inclusive Learning Centre: A Model for True Inclusion One of Rajeev Bhatt’s most enduring contributions is the Adhyayan Inclusive Learning Centre, an institution he founded and continues to lead. Adhyayan is widely recognized as one of India’s most effective models of Individualized Education Program (IEP)-driven learning. Here, every child’s unique pace, strengths, and needs shape their educational pathway. Adhyayan has flourished into a nurturing, innovative ecosystem where children with autism, dyslexia, ADHD, and other learning needs experience genuine inclusion. The centre is built on three fundamental pillars: educators who adapt teaching methods to the child, mentors who build confidence, and a community that celebrates differences instead of merely accommodating them. The impact of this environment is visible in the diverse career paths pursued by its students. Many have found their calling in hospitality, culinary arts, retail, customer-facing services, digital design, fine arts, sports, fitness, music, and audio production. These success stories are not accidental—they are the result of consistent, strength-oriented guidance. Rajeev Bhatt’s belief echoes through every achievement: “Destiny is never defined by disability—only by opportunity.” Empowerment Through Strengths, Not Deficits Rajeev Bhatt’s philosophy represents a paradigm shift. Instead of focusing on what a child struggles with, he champions an education system built around what a child does naturally well. This has led to the creation of a broad, robust framework centered on four key components: 1. Strength-Oriented Education Children are encouraged to tap into their innate abilities—creativity, memory, visual perception, rhythm, or analytical thinking. Learning is shaped around these strengths so that children experience success before struggle. 2. Real-World Skill Training Practical learning forms a major part of their education. Students engage in customer interaction simulations, culinary tasks, digital literacy sessions, and creative exploration in art and music. These experiences instill both confidence and competence. 3. Social and Emotional Development Structured group activities nurture essential life skills such as communication, cooperation, emotional regulation, and resilience. These sessions help children navigate social spaces more effectively. 4. Livelihood Development and Career Preparation For older learners, Adhyayan provides pathways toward employment, freelancing, entrepreneurship, and industry-recognized certifications. Many of these young adults are now independent earners, making meaningful contributions to society. The Force Behind a National Movement Beyond his roles as educator, mentor, and author, Rajeev Bhatt has become a national catalyst for change. Parents often describe their encounters with him as life-changing; teachers call him a pioneer; students simply know him as “Rajeev Sir”—a guide who helped them rediscover their confidence. His guiding principle remains powerful in its simplicity: “Every child deserves dignity, opportunity, and a future free from fear.” He has consistently pushed India toward a more inclusive vision—one where neurodiversity is understood, respected, and celebrated. Lighting the Path for India’s Inclusive Future As India strengthens its commitment to inclusive education, Rajeev Bhatt’s work has become a blueprint for policymakers, educational institutions, and community organizations. Leaders drafting inclusive policies draw inspiration from his insights. Schools that once struggled to support diverse learners now implement structures modeled after his practices. Parents increasingly embrace early intervention, and communities are beginning to celebrate neurodiversity rather than hide it. Above all, thousands of children now walk into their futures with more courage, pride, and security because of the systems he worked tirelessly to create. A Legacy Beyond Awards The National Award of 2025 recognizes not just the work of an individual but the triumph of empathy, awareness, and empowerment across India. It represents a national shift—a collective realization that: • Autism is not an obstacle. • Dyslexia is not a limitation. • Every child carries a unique brilliance waiting to be nurtured. Rajeev Bhatt has helped ignite thousands of such sparks. With every life he touches, he helps India step closer to becoming the inclusive, compassionate society it aspires to be. https://ailcspecialschool.com/rajeev-bhatthttps://www.youtube.com/@Dr.RajeevBhatthttps://www.instagram.com/_dr.rajeevbhatthttps://www.linkedin.com/in/rajeev-bhatt-4575751 (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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