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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
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    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
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    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
    India's Market Opportunity is Growing, and the Trade is Taking Notice
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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.
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    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.
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    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.
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    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.
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    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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      In FY 2025-26, till Dec, def min signed capital contracts amounting to Rs 1.82 lakh crore: Govt

      January 1, 2026

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      New Delhi, Jan 1 (PTI) In the financial year 2025-26, till the end of December, the defence ministry has signed capital contracts amounting to Rs 1.82 lakh crore for the modernisation of the armed forces, the government said on Thursday.

      Also, the Defence Acquisition Council (DAC) has approved capital acquisition proposals worth more than Rs 3.84 lakh crore since January 2025 to enhance the country's defence readiness, with a focus on modernisation through indigenisation, it said.

      "Review and revision of Defence Acquisition Procedure 2020, encouragement of foreign direct investment in defence, enhanced engagement with friendly countries, defence lines of credit including Bharat Maitri Shakti and rationalisation of restricted distance norms near defence establishments are under progress," the defence ministry said in a statement.

      Besides, the formation of an export promotion body, implementation of Quality Assurance 4.0 and Industry 4.0 in defence public sector undertakings (DPSUs) and establishment of a national integrated test laboratory for defence platforms are "being advanced", it added.

      The year 2025 was marked as the "Year of Reforms" by the defence ministry.

      The ministry said under Defence Minister Rajnath Singh's leadership, it has recorded significant progress in implementing wide-ranging reforms aimed at strengthening jointness, enhancing defence preparedness, promoting self-reliance and improving welfare-delivery mechanisms.

      These reforms, undertaken across the ministry, reflect a "whole-of-government approach" towards building a modern, integrated and future-ready defence ecosystem.

      "The Defence Acquisition Council approved capital acquisition proposals worth a total cost of over Rs 3.84 lakh crore since January 2025 to enhance the country's defence readiness, with focus on modernisation through indigenisation," it said.

      Also, in the financial year 2025-26, till the end of December 2025, the ministry has signed capital contracts amounting to Rs 1.82 lakh crore for the modernisation of the armed forces, the statement said.

      The ministry has achieved 80 per cent (approximately Rs 1.2 lakh crore) expenditure under the capital acquisition budget by the end of December 2025, it added. The allocation under this is spent on the modernisation of the armed forces.

      "The overall capital expenditure of the defence ministry has also reached up to 76 per cent which includes expenditure on infrastructure, land, research and development, etc., in addition to capital acquisition," the ministry said.

      To promote greater indigenisation in defence and secure supply chains, private sector participation has been increased, the government said.

      This includes streamlining defence manufacturing licences, mapping the competencies of micro, small and medium enterprises (MSMEs), and preparing market intelligence reports to enhance demand-supply analysis in defence procurement.

      The ministry said the establishment of a joint operations control centre, promulgation of Vision 2047 for the armed forces, creation of a future operations analysis group, promotion of joint training programmes and finalisation of the Integrated Capability Development Plan are "under various stages of implementation". The steps taken in this direction bore fruit during the planning and execution of Operation Sindoor, it said.

      Expansion of women's roles in combat and leadership positions, promotion of military tourism and preparation of a long-term roadmap for operational infrastructure and accommodation have been completed, the ministry said.

      On the veterans' welfare front, the ministry said for improving the delivery of the medical cover for veterans and their dependents under the ECHS (Ex-servicemen Contributory Health Scheme), pan-India doorstep delivery of medicines to ex-servicemen aged over 70 years with infirmity has been introduced, authorised local chemist limits have been doubled, eSeHAT telemedicine consultation has been introduced, and a "pan-India rollout" is underway.

      Also, 31.69 lakh defence pensioners have been onboarded on SPARSH or the System for Pension Administration (Raksha), India's largest digital pension platform. Of the 6.43 lakh discrepant cases migrated from previous systems, 6.07 lakh have been normalised, without affecting pensioners' entitlements, it said.

      "The sustained reform momentum during the 'Year of Reforms 2025' has strengthened India's defence preparedness and institutional efficiency. These reforms are not isolated initiatives, but part of a continuous process to build a modern, integrated and self-reliant defence ecosystem capable of safeguarding the nation's security interests in the decades ahead," the government said. PTI KND RC

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