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    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    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
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    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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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
    Show AI Summary
    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Show AI Summary
    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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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
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    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
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    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.

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      BGMI Evolves into a Living Fantasy World with the 4.2 Update, Unlocking Primewood Genesis, Iconic Collaborations, and a New Competitive Era

      January 15, 2026

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      Brings Royal Enfield and Peaky Blinders collaborations, India-first cultural moments, and deeper progression systems. Bengaluru (Karnataka) [India], January 15: KRAFTON India today rolled out the BGMI 4.2 Update, ushering in the game’s most ambitious chapter yet. Headlined by Primewood Genesis, a fantasy-driven battleground shaped by collective player progression, the update blends immersive storytelling with iconic collaborations including Royal Enfield and Peaky Blinders, India-first seasonal events for Republic Day, BGIS and Holi, and a revamped ranked cycle system. Building on the celebratory momentum of the 4.1 update, BGMI 4.2 expands the experience beyond a traditional battle royale - offering players new ways to explore, compete, express identity, and connect within a constantly evolving game world. Introduces 1. Primewood Genesis, a fantasy-driven theme mode that transforms the battleground into a living, evolving world through collective player progression, environmental storytelling, and new ability-based gameplay 2. Royal Enfield collaboration, bringing the iconic Continental GT 650 and Bullet 350 into BGMI along with Peaky Blinders collaboration, introducing gang characters and the Thomas Shelby voice pack 3. Seasonal exchange events aligned with Republic Day, BGIS 2026, and Holi, offering permanent rewards, themed space gifts, and special event crates rooted in Indian moments 4. New Ranked Cycle System, resetting every three seasons under a half-year honour framework, with tighter promotion rules, cycle-based rewards, and refined competitive progression Primewood Genesis: A Living Fantasy Battleground At the core of the BGMI 4.2 Update is Primewood Genesis, a fantasy-driven theme mode that transforms the battleground into a living ecosystem shaped by collective player progression. Moving beyond static seasonal themes, Primewood Genesis introduces environmental storytelling at scale, where every match contributes to the growth and restoration of the World Tree. This shared progression model encourages collaboration across the community, making the battleground feel alive, responsive, and constantly evolving. The mode reimagines familiar terrain with mutant flora, evolving structures, and strategic control zones, creating a gameplay experience that rewards exploration, squad coordination, and tactical decision-making. Key features include: • A Global World Tree Progress Bar that unlocks abilities through collective player participation • The Primewood Heart, a central instance enabling battlefield control mechanics such as shields, teleport gates, healing zones, and traps • Magic Seeds that grow across matches and can be harvested for rewards • Hostile mutant flora guarding high-value chests and loot Fantasy Abilities, Mobility and Combat Innovation Primewood Genesis introduces fantasy-first gameplay systems designed to enhance mobility, tactical depth, and moment-to-moment combat variety. These mechanics shift the focus toward fluid movement, spatial control, and creative squad play, allowing players to approach encounters with greater flexibility and strategy. New abilities and tools also encourage counterplay, ensuring that fantasy elements remain balanced within BGMI’s competitive framework. Key features include: • Florawings, enabling enhanced flight and rapid repositioning • Targeting Vines that bind enemies, provide area control, and create destructible shields • Honey Badger – Overgrowth Variant, featuring kill-based restoration and explosive seed capsules • Bramblewood Scorpion, a stealth-focused vehicle capable of burrowing and surprise attacks • Cherry Blossom Deer, a two-seater fantasy vehicle designed for fast traversal Royal Enfield and Peaky Blinders: Iconic Collaborations Come Alive BGMI 4.2 deepens its collaboration ecosystem by bringing together two culturally powerful partnerships that blend global pop culture with Indian legacy. These collaborations go beyond cosmetic integrations, enabling players to engage with brands and stories that reflect aspiration, identity, and storytelling. The collaboration with Royal Enfield marks a milestone for BGMI as a cultural platform, introducing the Continental GT 650 and Bullet 350 into the battleground from 19th January 2026. The partnership bridges real-world motorcycling culture with virtual self-expression, allowing players to embody the spirit of freedom, craftsmanship, and exploration within gameplay. Complementing this, the Peaky Blinders collaboration brings globally recognised characters and audio experiences into BGMI, adding cinematic flair and narrative depth to competitive play. Key features include: • In-game integration of Royal Enfield Continental GT 650 and Bullet 350 • Royal Enfield-themed event crates and rewards • Peaky Blinders gang characters • Thomas Shelby voice pack Seasonal Exchange Events Rooted in Indian Moments Staying true to BGMI’s India-first approach, the 4.2 update introduces limited-time seasonal exchange events aligned with moments that matter most to the community. These events connect gameplay progression with national celebrations and esports milestones, reinforcing BGMI’s role as a shared cultural space. Key features include: • Republic Day Exchange, offering permanent rewards and themed space gifts • BGIS Exchange, featuring permanent rewards, a BGIS-themed space gift, and a Royal Enfield event crate coupon • Holi Exchange, unlocking themed sets, vibrant rewards, and crate coupons A New Competitive Chapter: Ranked Cycle System BGMI 4.2 marks a significant step forward in competitive integrity with the introduction of a new Ranked Cycle System. Designed to create clearer long-term goals and more meaningful progression, the system resets every three seasons under a half-year honour framework. Updated promotion requirements and reward structures ensure that rank advancement reflects consistent performance and skill. Key features include: • A half-year ranked cycle framework with seasonal resets • Revised S28 Promotion Matches with stricter personal performance requirements • Introduction of CYCLE Currency and new Treasure Chest rewards • Refined honour mark progression for higher ranks Gameplay Enhancements and Returning Experiences Alongside its new systems, BGMI 4.2 brings back fan-favourite modes and introduces quality-of-life improvements that enhance core gameplay and squad coordination. These updates ensure continuity for long-time players while improving accessibility and flow for newer audiences. Key features include: • Return of the Skyhigh Spectacle theme mode • A new cooperative climbing mechanic allowing players to boost teammates over obstacles • Multiple weapon balance adjustments Social Play, Relationships and Community Expression BGMI 4.2 expands the game’s social ecosystem, giving players more ways to connect, express identity, and engage beyond combat. New relationship-driven mechanics and community-focused competitions encourage longer-term engagement and shared progression. Key features include: • Valentine’s features such as Bonding Tree, gifting mechanics, and unlockables • Popularity Battle and Party Popularity Showdown with tier-based progression • Homeground competitions and customisation experiences Looking Ahead: New Landmarks and Future Teasers The update also introduces a new regional landmark checkpoint inspired by Saudi Arabia’s Elephant Rock, alongside early teasers for the upcoming 4.3.0 theme mode, hinting at underworld-transformed environments and space-time rift interactions. With Primewood Genesis, iconic collaborations, culturally rooted seasonal events, and meaningful competitive upgrades, BGMI 4.2 strengthens its evolution into a dynamic, community-driven platform—one that continues to grow alongside how Indian players play, compete, and connect. For the latest updates, follow BGMI’s official YouTube, Instagram and Facebook pages. About KRAFTON, Inc. Headquartered in South Korea, KRAFTON, Inc. is dedicated to discovering and publishing captivating games that offer fun and unique experiences. Established in 2007, KRAFTON is home to globally renowned developers that include PUBG STUDIOS, Striking Distance Studios, Unknown Worlds, VECTOR NORTH, Neon Giant, KRAFTON Montréal Studio, Bluehole Studio, RisingWings, 5minlab, Dreamotion, ReLU Games, Flyway Games, Tango Gameworks and inZOI Studio. Each studio strives to continuously take on new challenges and leverage innovative technologies. Their goal is to win over more fans by broadening KRAFTON’s platforms and services. With a passionate and driven team across the globe, KRAFTON is a tech-forward company that possesses world-class capabilities and is set on expanding its business horizons to encompass multimedia entertainment and deep learning. For more information, visit www.krafton.com. About KRAFTON India In India, KRAFTON is responsible for premier mobile games, including BATTLEGROUNDS MOBILE INDIA (BGMI), which has surpassed 200 million downloads, Bullet Echo India, Road To Valor: Empires, and CookieRun India, among others. Committed to enhancing the start-up ecosystem in India, KRAFTON has invested over $200 million in several Indian startups across interactive entertainment, gaming, Esports, and technology, since 2021. KRAFTON actively supports India’s game development ecosystem through its KRAFTON India Gaming Incubator (KIGI) while strengthening the Esports ecosystem with flagship events like the BATTLEGROUNDS MOBILE INDIA SERIES (BGIS) and BATTLEGROUNDS MOBILE INDIA PRO SERIES (BMPS). For more information, visit https://krafton.in/ (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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