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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
    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.
    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
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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.

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      Chhattisgarh saw Maoist collapse and crackdown on 'scams'

      December 25, 2025

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      Raipur, Dec 25 (PTI) Once considered the CPI (Maoist)’s strongest bastion, Chhattisgarh saw the outfit reduced to a fragile, rudderless structure in 2025, with none of its top leaders active in the state and only a few armed cadres scattered across remote pockets.

      During the year, the state also witnessed the murder of freelance journalist Mukesh Chandrakar by a road construction contractor in Bijapur and the arrest of two Kerala nuns in an alleged trafficking and conversion case.

      High-profile arrests by Central agencies in alleged liquor and CGPSC recruitment scams, including those of former minister and Congress MLA Kawasi Lakhma and former CM Bhupesh Baghel’s son Chaitanya Baghel, were major flashpoints between the ruling BJP and opposition Congress.

      In politics, the BJP consolidated its dominance, sweeping mayoral posts in all 10 municipal corporations for which elections were held in February this year.

      Relentless action was witnessed against Naxalism, and the security forces recorded their most significant gains by eliminating six top Maoist operatives. Among them was the outfit’s elusive general secretary Nambala Keshav Rao alias Basavaraju (70), neutralised in an encounter on May 21 along the Narayanpur–Bijapur inter-district border.

      Other Central Committee members killed included Ramachandra Reddy alias Jairam alias Chalpati (Gariaband, January), Gautam alias Sudhakar (Bijapur, June 5), Modem Balakrishna (Gariaband, September 11), and Raju Dada alias Katta Ramachandra Reddy (63) and Kosa Dada alias Kadari Satyanarayana Reddy (67) in Narayanpur on September 22.

      Two more Central Committee members were killed in Jharkhand, and two in Andhra Pradesh, including dreaded commander Madavi Hidma.

      The year also witnessed the largest mass surrender in the state’s anti-Maoist history. On October 17, as many as 210 cadres, including Central Committee member Rupesh alias Satish, laid down arms in Jagdalpur. Another Central Committee member, Ramdher, and 11 others turned themselves in at Rajnandgaon in December.

      This year, till December 11, security forces killed 281 Maoists, arrested 884 and facilitated the surrender of 1,559 others. At the same time, 23 security personnel and around 40 civilians lost their lives in Maoist-related violence. Of the Maoists killed, 252 were neutralised in the Bastar division alone.

      The year began on a grim note with eight District Reserve Guard (DRG) personnel and a civilian driver killed in an IED blast in Bijapur on January 6. However, security forces later consolidated their presence and carried out major operations in Abujhmaad, Indravati National Park and the Karregutta hills along the Chhattisgarh–Telangana border—areas once considered Maoist strongholds.

      The biggest single operation came on February 9, when 31 Maoists were killed in Bijapur. The security forces, however, suffered another setback on June 9, when Additional Superintendent of Police Akash Rao Girepunje was killed in an IED blast in Sukma.

      The intensified crackdown followed Union Home Minister Amit Shah’s declaration in August 2024, setting March 31, 2026, as the deadline to eradicate Left-wing extremism.

      The Vishnu Deo Sai government, which completed two years in office on December 13, reinforced this push through schemes such as the Chhattisgarh Naxal Surrender/Victim Relief and Rehabilitation Policy-2025, Niyad Nella Nar, and Poona Margam – Punarvas se Punarjeevan.

      Politically, 2025 belonged firmly to the ruling BJP. In the urban body elections held on February 11, the party swept mayoral posts in all 10 municipal corporations and secured a majority in 35 of 49 municipal councils and 81 of 114 nagar panchayats.

      The BJP also won chairperson posts in 81 nagar panchayats, underlining its dominance across urban local bodies.

      Prime Minister Narendra Modi attended the silver jubilee celebrations of Chhattisgarh’s foundation day on November 1, inaugurating and laying foundation stones for major projects, including the new legislative assembly building and the Tribal Freedom Fighters Museum in Nava Raipur.

      The state also hosted the 60th All India Conference of Directors General and Inspectors General of Police in November.

      Central and state agencies mounted sustained action against alleged scams linked to liquor, coal, rice milling, District Mineral Foundation (DMF) funds and CGPSC recruitment during the previous Congress regime.

      The Enforcement Directorate arrested Congress MLA and former excise minister Kawasi Lakhma on January 15 and Chaitanya Baghel, son of former chief minister Bhupesh Baghel, on July 18 in connection with the alleged liquor scam.

      The ED claimed Lakhma was the main recipient of proceeds of crime, while Chaitanya Baghel allegedly played a key role in handling nearly Rs 1,000 crore generated by the syndicate.

      Bhupesh Baghel alleged a political vendetta, linking the action to the opposition by Congress to the cutting of forests and mining by the Adani Group.

      In September, the ACB/EOW arrested former IAS officer Niranjan Das and filed supplementary charge sheets naming 29 excise officials. Investigators pegged the scam’s loss to the exchequer at over Rs 2,500 crore.

      The CBI, meanwhile, arrested 10 more people in the CGPSC recruitment scam for alleged manipulation of selections between 2020 and 2022 to benefit relatives of officials. Raids were also conducted in March in the Mahadev online betting app case.

      The brutal murder of freelance journalist Mukesh Chandrakar (33) in Bijapur triggered nationwide outrage.

      Chandrakar, who had reported on alleged corruption in road construction works, was found dead in a septic tank on January 3. A contractor, Suresh Chandrakar, his two brothers and a supervisor were arrested.

      According to police, Suresh was enraged over Mukesh publishing news articles highlighting alleged corruption in his road construction work in Bijapur.

      The arrest of two Kerala nuns—Preethi Merry and Vandana Francis—and a tribal man in Durg on charges of trafficking and forced conversion sparked political controversy.

      Though they were granted bail on August 2, the case took another turn when the State Women’s Commission sought FIRs based on allegations that the complainants were assaulted by Bajrang Dal workers. Deputy CM Vijay Sharma later announced plans for a stricter anti-conversion law.

      A tragic train accident near Bilaspur on November 4 claimed 12 lives when a passenger train rammed into a stationary goods train.

      In April, Raipur businessman Dinesh Mirania was among those killed in a terror attack in Pahalgam, while Kashmiri guide Nazakat Ahmad Shah earned praise for saving Chhattisgarh tourists during the incident.

      The year also saw lighter moments, including a quirky episode in Gariaband where a villager received calls from cricketers Virat Kohli and AB de Villiers after being allotted a mobile number once used by cricketer Rajat Patidar.

      Among other highlights from Chhattisgarh during the year were a Supreme Court-ordered burial of a pastor after a prolonged standoff in Bastar, doubling of the state’s tiger population from 17 in 2022 to 35 in 2025, major investment proposals during CM Sai’s Japan and South Korea visits, the laying of the foundation stone for Chhattisgarh’s first semiconductor unit, and the launch of a Rs 10,000 annual assistance scheme for landless farm labourers. PTI TKP NSK VT VT

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