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    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
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    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
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    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
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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
Show AI Summary
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
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
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
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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
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.

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HIGHLIGHTS

December 10, 2025

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New Delhi, Dec 10 (PTI) Following are the top stories at 9.10 pm: TOP STORIES PAR59 LS LDALL ELECTION (8.47 PM)

Congress' defeat in polls due to its leadership, not EVMs or 'vote chori': Amit Shah in Lok Sabha New Delhi: A combative Union Home Minister Amit Shah on Wednesday hit out at the opposition in the Lok Sabha for its campaign against SIR, saying the issue has been raked up as it can no longer win elections by "corrupt practices", and asserted that the reason for Congress' defeat in polls was its leadership, not EVMs or "vote chori".

DEL83 RAHUL-SHAH-RESPONSE (9.03 PM)

Didn't answer any questions, completely defensive response': Rahul on Shah's speech in LS New Delhi: After the Lok Sabha witnessed a heated exchange between him and Amit Shah during a debate on election reforms, Congress leader Rahul Gandhi on Wednesday called the home minister's response "completely defensive" and asserted that "vote chori" is the "biggest treason".

DEL81 AVI-LDALL INDIGO (8.49 PM)

DGCA to deploy staff inside IndiGo HQ amid tightening oversight of airline New Delhi/Mumbai: Aviation watchdog DGCA will station its personnel at IndiGo's headquarters as it steps up oversight on India's largest airline, which continues to cancel dozens of flights despite saying operations have stabilised.

LGD22 DL-HC-2NDLD INDIGO (6.52 PM)

IndiGo crisis: Why situation precipitated, are you helpless? Delhi HC asks Centre; tells airline to compensate passengers New Delhi: The Delhi High Court on Wednesday questioned the central government for not taking timely action to check the crisis caused by IndiGo flight cancellations and asked why the situation was allowed to precipitate, with lakhs of passengers stranded and other airlines charging hefty fares.

MDS20 KA-LDALL HATE SPEECH (8.35 PM)

Bill to curb hate speech tabled in Karnataka assembly; BJP opposes, says act against political opponents Belagavi (Karnataka): The Karnataka government on Wednesday tabled in the state Assembly a bill to curb hate speech that proposed a jail term of up to 10 years and a maximum fine of Rs 1 lakh amid strong opposition from the BJP, which alleged that the move was aimed at "snatching freedom of expression" of political opponents.

NATION DEL76 PANEL-CIC-APPOINTMENT (8.18 PM)

PM-led panel meets to select new CIC, Rahul gives dissent note New Delhi: The committee headed by Prime Minister Narendra Modi to select the new Chief Information Commissioner met here on Wednesday and is learnt to have decided on the appointment of CIC and eight Information Commissioners, with Leader of Opposition in Lok Sabha Rahul Gandhi apparently giving a dissent note.

DEL77 PM-ISRAEL (8.29 PM)

Netanyahu calls PM Modi, briefs on West Asia situation New Delhi: Prime Minister Narendra Modi on Wednesday spoke with his Israeli counterpart Benjamin Netanyahu and discussed ways to further strengthen the strategic partnership between the two nations.

DEL69 UNESCO-ICH-3RDLD DEEPAVALI (7.31 PM)

India's Deepavali now on UNESCO Intangible Cultural Heritage list, PM hails inscription New Delhi: India's Deepavali, the festival of lights, was on Wednesday inscribed on the UNESCO's Representative List of the Intangible Cultural Heritage of Humanity, sparking celebrations on earning the coveted tag. By Kunal Dutt

PAR15 RS-VANDE-JAIRAM (4.31 PM)

Aim of debate on Vande Mataram is to malign Nehru: Jairam Ramesh New Delhi: The Opposition on Wednesday accused BJP leaders of distorting history, with Congress leader Jairam Ramesh saying that the whole aim of the debate on 150 years of Vande Mataram was to malign first prime minister Jawaharlal Nehru.

BOM34 GA-LD NIGHTCLUB-FIRE (7.50 PM)

Goa nightclub fire: Partner Ajay Gupta arrested; no court relief for absconding owners Panaji/New Delhi: Goa Police on Wednesday arrested Ajay Gupta, a partner in the controversial 'Birch by Romeo Lane' nightclub, even as two absconding owners failed to secure interim relief from a Delhi court on their plea for anticipatory bail.

BOM39 GA-NIGHTCLUB-FIRE-PROBE (8.14 PM)

Luthras booked Thailand tickets as fire raged at Goa nightclub: probe Panaji: Saurabh Luthra and Gaurav Luthra, the main accused and owners of the Goa nightclub where a massive blaze claimed 25 lives, booked tickets to Thailand within an hour of learning about the fire at their establishment, officials said on Wednesday.

DEL70 EC-SIR-DEAD VOTERS (7.46 PM)

SIR in 12 states, UTs: Parties to get list of dead, absent voters before draft roll is out New Delhi: The Election Commission (EC) on Wednesday said the booth-level agents appointed by political parties will be provided with a list of dead, shifted and dead voters before the publication of the draft voters' list in the 12 states and Union territories where the Special Intensive Revision (SIR) exercise is underway.

DEL71 ED-RELIANCE INFRA-LD SEIZE (8.18 PM)

ED seizes 13 bank accounts of Reliance Infra over FEMA 'violations' New Delhi: The Enforcement Directorate on Wednesday said it has seized more than a dozen bank accounts, holding about Rs 55 crore worth deposits, of Anil Ambani Group company Reliance Infrastructure as part of a hawala-linked FEMA investigation.

DEL66 H1B-VISA-INTERVIEWS-CANCEL (7.01 PM)

H1B visa interviews of thousands of applicants in India cancelled triggering outrage New Delhi: Pre-scheduled interviews of thousands of H-1B visa applicants slated for later this month in India have been abruptly postponed by several months apparently to scrutinise their social media posts and online profiles.

CAL20 WB-SHAHJAHAN-WITNESS- 2ND LD ACCIDENT (6.28 PM)

Prime witness in Sandeshkhali violence cases injured, son, driver killed in road accident Barasat: Bholanath Ghosh, one of the prime witnesses in the attack on ED officials in Sandeshkhali and connected CBI cases which implicated now-jailed TMC leader Sheikh Shahjahan, was injured when a truck collided with his car in West Bengal's North 24 Parganas district on Wednesday, a senior officer said.

CAL22 AS-FOREIGNER-LD HARASSMENT (7.11 PM)

Foreigner alleges harassment at Post Malone's concert in Guwahati Guwahati: Two foreigners were allegedly harassed and "touched without consent" at American rapper Post Malone's first Indian concert in Guwahati two days ago, one of them claimed in her social media account.

BUSINESS DEL68 BIZ-LD-INDIA US TRADE TALKS (7.30 PM)

US receives best ever offers from India, says USTR; two-day talks begin New Delhi: US Trade Representative (USTR) Jamieson Greer has said the US has received "best" ever offers from India on the proposed trade agreement amid commencement of two-day talks here between the two countries.

DEL61 BIZ-LD SATYA-NADELLA (6.28 PM)

Thrilled about data centre capacity coming up in India, discussed investments with PM Modi: Nadella New Delhi: Microsoft's investment plan reflects India's progress in the era of technology, its CEO Satya Nadella said on Wednesday, a day after announcing a whopping USD 17.5 billion AI-driven investment in the country and discussing funding plans with Prime Minister Narendra Modi.

LEGAL LGD29 DL-COURT-GOA-FIRE-LD LUTHRAS (7.31 PM)

Goa fire: Luthras fail to get interim relief, court to hear transit anticipatory bail on Thurs New Delhi: Saurabh and Gaurav Luthra, owners of Goa's Birch by Romeo Lane nightclub that caught fire killing at least 25 people, on Wednesday failed to get interim relief from a Delhi court which fixed their pleas seeking transit anticipatory bail for hearing the following day.

LGD30 SC-IAF-PERMANENT COMMISSION (7.46 PM)

No discrimination in grant of permanent commission to women officers in IAF, Centre tells SC New Delhi: The Centre on Wednesday refuted in the Supreme Court the allegation of discrimination and bias in grant of permanent commission to Short Service Commission (SSC) women officers in the Indian Air Force and said 243 men and 177 women were inducted since 2019.

LGD25 DL-HC-SALMAN KHAN (7.07 PM)

Bollywood actor Salman Khan moves Delhi HC for protection of personality rights New Delhi: Bollywood actor Salman Khan has approached the Delhi High Court seeking protection of his personality rights.

FOREIGN FGN44 UK-INDIA-TRADE (8.14 PM)

UK firms boost India presence, turnover hits Rs 5,693 bn as FTA growth unlocked: Report London: UK companies have expanded their footprint in India with a collective turnover of Rs 5,693 billion and a workforce of 552,902 employees over the past year as they tap into new growth unlocked by the Free Trade Agreement (FTA), according to an annual analysis released on Wednesday. By Aditi Khanna

FGN41 RUSSIA-INDIA-LAVROV (8.02 PM)

Lavrov lauds 'good friend' India for pursuing independent multi-vector foreign policy Moscow: Russian Foreign Minister Sergei Lavrov on Wednesday lauded "good friend" India for pursuing an independent multi-vector foreign policy. By Vinay Shukla

FGN37 UK-INDIAN-NURSE (6.55 PM)

British Indian nurse jailed for rape, sexual assaults at Scotland care home London: A 47-year-old nurse from Kerala has been sentenced to seven years and nine months' imprisonment after pleading guilty to rape and sexual assault offences at a care home in Scotland.

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