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    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
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    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
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    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
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    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
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    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
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    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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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
    Show AI Summary
    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
    Show AI Summary
    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
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    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
    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.
    August 5, 2026
    Show AI Summary
    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.

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      MET Institute of Mass Media Hosted Metamorphosis 2025: A Power-Packed Celebration of Creativity in the MediaVerse

      December 22, 2025

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      Prahlad Kakkar, Manoj Bajpayee & Rakeysh Omprakash Mehra with Mrs Vishakha Bhujbal and Dr. Priya Menon Nair at METamorphosis organised by MET - Institute of Mass Media Mumbai, December 2025: Mumbai Educational Trust (MET) - Institute of Mass Media inaugurated Metamorphosis 2025, its flagship creative festival, with the vibrant theme MediaVerse, celebrating storytelling, innovation, and the ever-evolving world of multimedia creation. As one of India’s leading Media & Communication institutions offering PG programs, the MET IMM continues to shape future-ready professionals through its diverse educational programmes across advertising, journalism, entertainment, digital marketing, events, content creation, storytelling, creative technology and more. MET’s student-first approach, strong academic foundation, and hands-on training ensure that young learners are equipped with industry knowledge, creative thinking, and practical skills to thrive in a rapidly changing world. The festival - Metamorphosis, opened with heartfelt guidance from MET’s leadership and amongst fanfare of student and media enthusiasts. Shri Pankaj Bhujbal, Hon. Trustee, expressed pride in MET’s long-standing commitment to nurturing media talent and preparing students for industry challenges. Smt. Vishakha Bhujbal, Senior Management Representative, encouraged students to explore their creativity with confidence and curiosity. The event reflected the vision of Dr. Priya Menon Nair, Director of MET Institute of Mass Media, whose hands-on guidance helped students shape their ideas into powerful creative experiences. The day began with an electrifying session by Team BhaDiPa featuring Sarang, Rahi, and Devang. Their energy, humour, and live content creation instantly connected with the audience. Students from 35 colleges participated enthusiastically, turning the hall into a vibrant creative playground. A major highlight of the festival was The Creators’ Court, an imaginative courtroom style showcase with Manoj Bajpayee, Rakeysh Omprakash Mehra, and Prahlad Kakar. Student representatives Akshata and Ronak presented playful creative charges, and the celebrities responded with sharp wit and good natured roasts that had the audience cheering. It became a memorable mix of humour and honest creative reflection. Manoj Bajpayee reflected, “When you truly love what you do, and you keep doing it every day, you slowly become flawless at it. It’s like learning the guitar. In the beginning, you’re focused on the strings and the fretboard, unsure and slow. But with practice, mastery comes naturally. Keep practising, stay committed to the craft, and that’s how real growth happens.” Rakyesh Omprakash Mehra said, “Media doesn’t really bring people together. People do. Sit with your family, spend time with your grandparents. They are the ones who hold families together. Films and stories are just an ice breaker, a reason to start the conversation.” Pralhad Kakar shared with a smile, “I haven’t grown older than 18 at all. I’m Gen Z at heart. People say attention spans have shortened, but that’s not true. If you are willing to tell an honest, interesting story, people will always stay and listen.” The momentum continued with a conversation featuring Marathi actors Abhinay Berde, Hruta Durgule, and Director Kshitij Patwardhan, moderated by Shweta Gadekar along with student moderators Anoushka and Vaibhavi. Their discussion on evolving narratives, performance journeys, and the future of Marathi cinema resonated strongly with aspiring creators. The second day brought yet another power-packed edition of The Creators’ Court, this time featuring Sonakshi Sinha and Zaheer Iqbal. What began as an expected casual conversation quickly turned into a full-fledged Gen Z–style interrogation, complete with playful charges, witty comebacks, and infectious laughter. Their spontaneity, humour, and glowing chemistry instantly won over the audience. Through their candid interactions, students got a glimpse of who they truly are behind the screen — a fun-loving, warm, and genuinely joyful couple whose real-life camaraderie made the session one of the festival’s most unforgettable highlights. Sonakshi Sinha said, “In today’s media world, being real matters more than anything. Authenticity cuts through all the noise and trends. It’s the strongest voice a creator can have.” Zaheer Iqbal shared, “Media has a lot of power and reach, and with that comes the responsibility. Every story or performance should try to say something meaningful, because that’s what truly stays with people.” Competitions, Scale, and Grand Finale Across three action-packed days, Metamorphosis 2025 hosted a total of 28 dynamic activities—12 on Day 1, 9 on Day 2, and 7 on Day 3. Events ranged from Mr. & Ms. Metamorphosis, fashion shows, dance competitions, creative challenges, and more, culminating in a grand Awards Ceremony that celebrated talent, teamwork, and creative excellence. Just for this event MET IMM crafted the coveted 9.5-foot Metamorphosis Trophy, which has been acknowledged as the World’s Largest Trophy by the Global Book of Excellence (England) and India’s Tallest Trophy by the India Book of Records. This coveted trophy was won by M.L. Dahanukar College. The Second Prize was secured by Lala Lajpat Rai College, while the Third Prize went to Kandivli Education Society’s B.K. Shroff College. The awards were presented by Shri Pankaj Bhujbal, Hon. Trustee, MET, Ashwin Rane, Registrar, MET, and Dr. Priya Menon Nair, Director, MET Institute of Mass Media. Congratulating the students, Shri Pankaj Bhujbal applauded the passion and professionalism displayed throughout the festival, noting that Metamorphosis continues to grow in scale and impact because of the strong collaboration between leadership, faculty, and students. Aligning with this view, Dr. Priya Menon Nair acknowledged the exemplary leadership of Ronak and Althea, supported by the efforts of the member IMM student organising committee and student leaders, whose collective vision and meticulous execution ensured the resounding success of Metamorphosis 2025. Participants and winners from colleges across the city expressed immense excitement, describing Metamorphosis 2025 as a “mind-blowing, once-in-a-lifetime experience,” and eagerly looked forward to an even bigger and bolder edition next year. About MET Institute of Mass Media, Mumbai Incepted in 2005, MET IMM has a legacy of more than 2 decades. AI-integrated full time PG programmes offered by the Institute prepares graduates from any discipline for modern media through hands-on training in advertising, PR, storytelling, design, production, and strategy. With a Transmedia Storytelling approach, students create campaigns across print, digital, radio, TV, films/OTT, events, PR, and influencer ecosystems. They master industry tools like Adobe CC, Figma, Blender, Unreal, Unity, Cinema 4D, VR/360°, and leading AI platforms such as Runway Gen-2, Midjourney, DALL·E, Sora (when accessible), and ElevenLabs. Based in Mumbai, the media hub, the programme offers strong placements with alumni at Ogilvy, Dentsu, Madison, Times Group, and top creative networks—making learners fully industry-ready for roles across agencies, media houses, digital firms, production studios, OTT platforms, and brand teams. (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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