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    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
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    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
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    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
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    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.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
    Show AI Summary
    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
    Show AI Summary
    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
    Show AI Summary
    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.

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      Manipal Marathon 2026: 'Miles for a Greener Tomorrow' - India's Premier Student-Organised Race Invites Runners to 'Run for a Sustainable Future'

      December 23, 2025

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      Manipal, Karnataka, India (NewsVoir) • MAHE’s 8th edition of the Manipal Marathon is set to host over 20,000 runners, including 100+ international athletes, with a total prize pool exceeding Rs. 25 lakhs. • The event will feature five race categories - 42K Full Marathon, 21K Half Marathon, 10K, 5K, and 3K Fun Run - catering to professional athletes, amateur runners, and fitness enthusiasts alike. • The marathon will witness pan-India participation and a strong international presence, with runners representing countries such as Dubai, England, Ethiopia, Germany, Japan, Kenya, Malaysia, Nepal, Sri Lanka, and the USA. Manipal Academy of Higher Education (MAHE), an Institution of Eminence Deemed to be University, will host the 8th edition of the Manipal Marathon on Sunday, 08 February 2026, starting 5:00 a.m. onwards at KMC Greens, Manipal. Recognised as one of India’s largest student-organised community fitness events, Manipal Marathon 2026 is expected to witness the participation of nearly 20,000 runners, including over 100 international athletes, competing for a total prize pool exceeding Rs. 25 lakhs. This year’s mega edition of the Manipal Marathon is anchored in the theme “Miles for a Greener Tomorrow”, with the tagline “Run for a Sustainable Future,” underscoring MAHE’s strong commitment to environmental responsibility, inclusive fitness, and holistic community well-being. The marathon also underscores MAHE’s ongoing environmental initiatives, including tree plantation, biodiversity conservation, solar energy adoption, waste management, rainwater harvesting, and sustainable mobility, extending these efforts beyond campus to inspire the wider community. The marathon will feature five race categories - the 42K Full Marathon, 21K Half Marathon, 10K, 5K, and 3K Fun Run - catering to participants across diverse age groups and fitness levels. The event is expected to attract runners from across India and abroad, with international participation from Dubai, England, Ethiopia, Germany, Japan, Kenya, Malaysia, Nepal, Sri Lanka, and the USA, further enhancing the global stature and appeal of the Manipal Marathon. The race day will commence with the 42K Full Marathon flag-off at 5:00 a.m., followed by the 21K Half Marathon at 5:30 a.m., the 10K run at 6:00 a.m., the 5K run at 6:45 a.m., and the 3K Fun Run at 8:00 a.m. The Special Category races for physically and visually challenged participants will be flagged off at 8:30 a.m. The event will culminate in a high-energy post-run carnival at KMC Greens, Manipal, transforming the venue into a vibrant celebration zone. Featuring lively music, cultural performances, interactive fitness engagements, and a wide array of food stalls, the carnival promises an electrifying, fun-filled atmosphere, delivering an unforgettable experience for runners, families, and spectators that extends well beyond the finish line. A key speciality of the Manipal Marathon is its scenic beachside route for the 42K Full Marathon, offering runners a truly distinctive race experience. This year, the 10K run features a newly introduced route leading to the Manipal Hospice Respite Centre, marking a meaningful milestone for the event. The hospice represents a unique integration of advanced palliative care with research and education and is envisioned as the only facility in India attached to both a medical college and a tertiary care hospital, catering to cancer and non-cancer conditions. The Manipal Hospice Respite Centre will deliver innovative care models while training the next generation of palliative care specialists, reinforcing the marathon’s commitment to social impact and compassionate healthcare. In line with MAHE’s commitment to equity and inclusiveness, Manipal Marathon 2026 will feature special participation categories for physically challenged and visually challenged runners, along with age-specific categories. Trained volunteers and dedicated support teams will be stationed throughout the course to ensure safety, guidance, and an empowering race experience for all participants. Dr. H. S. Ballal, Pro Chancellor, MAHE, stated, “The Manipal Marathon has evolved into a powerful platform reflecting MAHE’s commitment to building a healthier and more socially responsible society. What began as a campus-led initiative has grown into one of India’s most anticipated marathon events, driven by strong institutional support, enthusiastic student leadership, and increasing community participation. This year’s theme, ‘Miles for a Greener Tomorrow,’ reinforces our belief that individual actions, when amplified through collective community effort, can drive meaningful environmental change. By integrating fitness with sustainability and inclusiveness, the marathon encourages participants to take ownership of their well-being while remaining conscious of their impact on the planet.” Lt. Gen. (Dr.) M. D. Venkatesh, VSM (Retd), Vice Chancellor, MAHE, added, “The 8th edition of the Manipal Marathon exemplifies the transformative power of student-led initiatives in creating large-scale social impact. Anchored in the tagline ‘Run for a Sustainable Future,’ the event goes beyond competition to promote environmental responsibility, discipline, inclusivity, and collective well-being. With participation from across India and the world, the marathon showcases the unifying role of sport in bringing together people of diverse cultures, abilities, and age groups, while inspiring lifelong fitness and responsible citizenship.” Strengthening MAHE’s pan-India commitment to health and sustainability, Manipal Marathon 2026 will be preceded by the inaugural MAHETHON 2026, a half-marathon scheduled on 25 January 2026 at the MAHE Bengaluru Campus. Inspired by Bengaluru’s culture of wellness, innovation, and community engagement, MAHETHON and the Manipal Marathon together represent MAHE’s nationwide vision of positioning fitness as a shared social responsibility. More than a sporting event, Manipal Marathon 2026 stands as a celebration of determination, inclusivity, and collective purpose, reaffirming MAHE’s commitment to building a healthier society and a more sustainable future. The press meet was attended by senior leadership and key officials of Manipal Academy of Higher Education (MAHE). Those present included Dr. Narayana Sabhahit, Pro Vice Chancellor (Technology & Science); Dr. Sharath Rao, Pro Vice Chancellor (Health Sciences); Prof. (Dr.) Madhu Veeraraghavan, Pro Vice Chancellor (Management, Law, Humanities and Social Sciences); Dr. Dilip G. Naik, Pro Vice Chancellor; Dr. Anand Venugopal, Chief Operating Officer (Operations); Dr. P. Giridhar Kini, Registrar; and Dr. Vinod C. Nayak, Secretary, Sports Council, MAHE. About Manipal Academy of Higher Education (MAHE) Manipal Academy of Higher Education (MAHE) is an Institution of Eminence Deemed-to-be University, offering over 400 specialisations across Health Sciences, Management, Law, Humanities & Social Sciences, and Technology & Science. MAHE operates through its constituent institutions across campuses in Manipal, Mangalore, Bengaluru, Jamshedpur, and Dubai. Renowned for its academic excellence, world-class infrastructure, and impactful research contributions, MAHE has earned strong national and international recognition. In October 2020, the Ministry of Education, Government of India, conferred MAHE with the prestigious Institution of Eminence status. Currently ranked 3rd in the National Institutional Ranking Framework (NIRF), MAHE continues to be a preferred destination for students seeking a transformative learning experience and vibrant campus life, as well as for national and multinational organisations in search of top talent. Registrations for Manipal Marathon 2026 are now open. Runners and fitness enthusiasts are encouraged to seize this opportunity to be part of one of India’s premier student-organised marathon events by registering through the official registration link manipalmarathon.in. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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