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    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    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
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    August 6, 2026
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
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    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
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    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
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    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    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.

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      Top 5 Favourites to Win the Player of the 2026 ICC T20 World Cup ft. Pathum Nissanka, Hardik Pandya, Mitchell Marsh, and More

      February 6, 2026

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      Hardik Pandya pushed India over the line in the 2024 ICC T20 World Cup Final Delhi, India (NewsVoir) The 2026 ICC T20 World Cup is less than a fortnight away, and the build-up to the T20 extravaganza is heating up as most of the teams are already playing or are set to play in bilateral T20I series to perfect their preparations for the tenth edition of the ICC T20 World Cup.

      The tenth edition of the T20 World Cup would mark a new leaf in the history of the tournament, as this will be the first edition which would not be marked by the presence of former Indian skipper Rohit Sharma or former Bangladesh skipper Shakib al Hasan.

      Veterans like David Warner and Virat Kohli have played some memorable performances in the recent editions of the marquee tournament, but will not appear in the 2026 edition. This year could mark the rise of new legends in T20Is with the likes of Suryakumar Yadav, Aiden Markram, Harry Brook, and Mitchell Marsh vying to win their first ICC tournament as the skipper of their respective nations.

      While batters have majorly ruled the roost in terms of winning the Player of the Tournament accolade at the previous T20 World Cups, the last edition witnessed Jasprit Bumrah bagging the individual accolade after a thoroughly impressive performance, helping India end their 17-year wait for the ICC T20 World Cup trophy.

      Let’s have a look at the top four favorites to win the Player of the Tournament award at the 2026 edition of the ICC T20 World Cup: #5 Marco Jansen (South Africa) Marco Jansen will have to contribute as a genuine all-rounder in the 2026 ICC T20 World Cup Marco Jansen has emerged as one of the best all-rounders in T20 cricket over the last couple of years, as his power-hitting abilities have consistently improved, and the lanky all-rounder now stands as the firm favorite to play at No.7 or No.8 for the Proteas.

      Placed alongside New Zealand and Afghanistan in Group D, South Africa would have an unenviable task of being at their best from the word ‘go’, which could prove to be tough, as showcased in their 3-1 loss to India in a recent bilateral series in similar conditions.

      Jansen showcased his power-hitting in the dead rubber of the series, smashing two boundaries and three maximums in 12 deliveries and also bowled a brilliant spell of 2/25 in four overs in the only match Markram’s men won in the tournament.

      #4 Mitchell Marsh (Australia) The Australian skipper has proven to be a powerhouse for Lucknow Supergiants, and despite the fact that Supergiants struggled in the 2025 edition of the Indian Premier League season, Marsh ended up in the Top 5 of the Orange Cap race with 627 runs in 13 innings at a strike rate of 163.71.

      After winning the 2021 ICC T20 World Cup, Australia has suffered two consecutive disappointing campaigns in the tournament, and both campaigns hurt the Kangaroos in different ways. While the loss in the 2022 edition at home would have arguably hurt them the most, the fact that they were eliminated by dark horses Afghanistan from the last edition would have stung even more for the fans down under.

      A product of Western Australian cricket, Marsh is one of the three Australian batters to feature in the Top 11 of the ICC T20I Men’s Batter rankings, alongside Travis Head and Tim David. The opening batter is well-versed with pitches in Mumbai, Ahmedabad, and Chennai, which could benefit the 2021 ICC T20 World Cup champions in the Super Eight stage.

      #3 Mohammad Nabi (Afghanistan) Veteran all-rounder Mohammad Nabi would be a key figure in the middle-order for Afghanistan alongside Azmatullah Omarzai and Rashid Khan. Over the years, Nabi has proven his mettle by finishing several matches for the Afghan Atalans and has a career strike rate of 136.59, which further improves to 165.5 when we narrow his T20I record to matches played in India.

      Along with his power-packed variety of batting shots, the 41-year old is a wily spinner who can spin webs around the opposition teams, especially on spin-friendly pitches in Chennai and Colombo.

      Afghanistan will open their group stage campaign and end it at the M.A.Chidambaram Stadium in Chennai, and their tournament opener against New Zealand could prove to be crucial for their 2026 ICC T20 World Cup chances.

      Nabi would be expected to support the spin trio of Mujeeb Ur Rahman, skipper Rashid, and Noor Ahmad while Fazalhaq Farooqi and Omarzai take care of the seam bowling duties. Afghanistan have a strong chance of making it to the semi-finals yet again if they play their cards right with Ibrahim Zadran and Darwish Rasooli in top form at the top of the order.

      #2 Pathum Nissanka (Sri Lanka) Pathum Nissanka has been the shining light for Sri Lanka’s flailing batting order in the last couple of years. While the youngster started his career with timid strike rates in T20Is, Nissanka’s consistency and improvement in the last couple of years have been rewarded by a bidding war between Delhi Capitals and Kolkata Knight Riders at the 2026 IPL mini-auctionw which ended with the Capitals shelling out INR 4 Crores to sign the Lankan batter.

      Over the last couple of years, the 27-year old has bulked up, gained more power, and opened his shot selection to more options, thus improving his strike rate to 138.53 in 2024 and 149.16 in 2025, which included a century against India in the 2025 Asia Cup. The opening batter stuck to his guns in a chase of 203 runs, scoring 107 runs off 58 balls, smashing 7 fours and 6 maximums, helping Sri Lanka take the dead rubber encounter to a Super Over battle.

      The 2014 T20 World Cup champions endured a tough time in the last few editions, even failing to get out of the group stage in the 2024 edition of the tournament, finishing in third place behind Bangladesh. The Lankan Lions would be relying on the brilliance of Nissanka and Wanindu Hasaranga in home conditions, which would provide some much-needed familiarity to the players.

      #1 Hardik Pandya (India) The defending champions are packed with a plethora of match winners, with Hardik Pandya the most proven all-round option and the senior-most player of the team in terms of appearances for the national team.

      The Mumbai Indians skipper would be playing under the leadership of his franchise colleague Suryakumar Yadav, which could prove to be a blessing in disguise, as Pandya would be freed of the captaincy responsibilities and can fully focus on opening the bowling for the Men in Blue alongside Arshdeep Singh or providing the finishing touches with the willow in his hand.

      Amidst a patchy injury record, the No.4-ranked all-rounder in the ICC T20I rankings has been completely focused on perfecting his preparations for the upcoming T20 World Cup, as the 32-year old sat out of the ODI series against New Zealand.

      Since the start of 2024, Pandya has taken a wicket in almost every three overs in T20Is, and his career batting strike rate of 143.65 is improving further as Pandya has recorded strike rates of 150+ in the previous two calendar years.

      Contributed By- Mohak Arora, Parimatch Sports analytics expert (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR

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