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    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
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August 5, 2026
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Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
August 5, 2026
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Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
August 5, 2026
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Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
August 5, 2026
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Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
August 5, 2026
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Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
August 5, 2026
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Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
August 5, 2026
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Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
August 5, 2026
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Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
August 4, 2026
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Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
August 4, 2026
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Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
August 4, 2026
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Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
August 4, 2026
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Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
August 4, 2026
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Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
August 4, 2026
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Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
August 4, 2026
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Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
August 4, 2026
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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.
August 4, 2026
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Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
August 4, 2026
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Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
August 4, 2026
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MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
August 4, 2026
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Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.

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Customs & Trade

India's Market Opportunity is Growing, and the Trade is Taking Notice

August 4, 2026

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imm India 2026 brings India's furniture and interiors industry face-to-face, bringing together manufacturers, exporters, designers, retailers, and hospitality buyers in one place for three days that matterNew Delhi, Delhi, India (NewsVoir)
India designs and manufactures some of the finest furniture, handicrafts, rugs, and home décor in the world. A significant share of it leaves the country before most Indian buyers — retailers, interior designers, hotels, or developers — ever get to see it. imm india 2026 is built to fix that.
Organised by Koelnmesse — the force behind imm cologne, one of the world's three largest furniture trade fairs — imm india 2026 takes place from 1–3 September 2026 at Yashobhoomi (IICC), Dwarka, New Delhi. It is India's integrated B2B sourcing platform where global and domestic demand meets India's manufacturing depth under a single roof — across furniture, home décor, rugs and carpets, mattresses, and handcrafted collections.


The response from the domestic trade community has been unprecedented. Architects and interior designers, real estate developers, retailers and wholesalers, HoReCa professionals, buying houses, and sourcing agencies have signed up in numbers that reflect a genuine industry hunger for a platform of this kind — one that offers direct manufacturer access, design-forward product, and the kind of business conversations that do not happen over a catalogue or a portal.


Speaking on the platform’s growing relevance, Mr. Milind Dixit, Managing Director, Koelnmesse Pvt. Ltd., said, "imm india 2026 is not just another exhibition — it is a bold statement of India's readiness to lead the global furniture and interiors conversation. Our vision is to create a marketplace where Indian manufacturers connect seamlessly with global demand, where design meets business, and where long-term partnerships are built."
imm india serves both directions of the supply chain simultaneously. On one side, over 100 confirmed exhibitors — many of them export-ready manufacturers who typically prioritise international orders — now have a structured platform to engage India's domestic trade buyers directly. On the other side, domestic buyers get what they have rarely had: access to export-quality, design-led product, at source, with the maker in the room.


For an architect or interior designer, that means touching material, briefing a manufacturer to specification, and sourcing something genuinely distinctive for a project — not another off-the-shelf option. For a retailer or distributor, it means first-mover access to new collections before they reach the wider market. For HoReCa professionals and real estate developers, it is direct procurement at project scale — cutting out the agent, closing the margin gap, and briefing the supplier face-to-face.


The global trade environment is adding momentum to this domestic story. The recently finalised EU–India Free Trade Agreement and the India–UK Comprehensive Economic and Trade Agreement (CETA) — providing duty-free access for 99% of Indian furniture, home décor, and handicraft exports into Europe and the UK — are significantly elevating India's position as a global sourcing destination. What this means for domestic buyers is material: manufacturers who are now internationally competitive are exhibiting at imm india. The product on the floor has been built to global specification.


Mr. C.P Sharma, President – Handloom Handicraft Exporters Welfare Association (HHEWA), COA Member, PDEXCIL (Ministry of Textiles, Government of India invited COA EPCH, said, "HHEWA is pleased to partner with imm india to create new business and export opportunities for India's handicraft and home décor exporters. Together, HHEWA and imm india are committed to supporting the growth, visibility, and global competitiveness of Indian exporters."
Mr. Bharat Dinesh, President, Jodhpur Handicrafts Exporters Association, said, "imm india marks a defining step for India's furniture and interiors industry. It gives our members and the wider ecosystem a focused global platform to showcase Indian design, connect with serious buyers, and build partnerships that strengthen India's position in global trade."
The show floor spans furniture, rugs and carpets, home décor, surfaces, kitchen solutions, mattresses, and handcrafted collections, with confirmed exhibitors including Source, Sunrise International, Sheela Foam Limited, Obeetee Pvt. Ltd., Phoenix Industries Ltd., Royal Rugs, Khivraj Handicrafts, Sankara Furniture Designs, Metaltech Design, Saraf Exports, Tapisserie Home, The Furniture Folks, and Mahesh Handicrafts — alongside 100+ total exhibitors spanning major manufacturing hubs from Jodhpur and Moradabad to Karur and Saharanpur.


Alongside the domestic trade opportunity, imm india 2026 is hosting a structured International Hosted Buyer Programme — bringing confirmed trade delegations from the USA, Australia, UK, Germany, France, Netherlands, Denmark, Spain, Oman, Mexico, Egypt, Israel, Romania, UAE, and other key markets. For Indian exhibitors, this means qualified international buyers on the floor — not a projection, a confirmed programme.


The event is backed by India's broadest industry coalition for a furniture and interiors platform. imm india 2026's supporting associations include JHEA, AMK, HHEWA, Buying Agents Association (BAA), and AFMI – Association of Furniture Manufacturers of India (Exclusive Partner). Further support from The Handicrafts Exporters Association Moradabad, Bagru Industrial Association, AACC, IETO, ICC, Kirti Nagar Timber & Furniture Dealers Association, and KHEXMASS creates a pan-India coalition spanning every manufacturing cluster, trade body, and buyer segment of consequence.


Beyond sourcing, imm india 2026 will host industry conferences and knowledge sessions curated with the architecture and interior design community, and the imm india Excellence Awards — recognising innovation, sustainability, craftsmanship, and design excellence across Indian manufacturing.


India's furniture and interiors industry has always been globally competitive. imm india 2026 is the platform where that competitiveness meets the domestic market it has largely bypassed — and where the international market it is now entering comes to confirm what it has been hearing. Three days. One address. The industry's full range. That is what September 1–3 in New Delhi looks like.


Registration is free for qualified trade visitors. To register or learn more: www.imm-india.com.


Koelnmesse – Global Inspiration for Living, Contract and Public Spaces Koelnmesse is the world’s top trade fair organiser for the areas of Living, Contract and Public Spaces. Leading international trade fairs such as ORGATEC, interzum, FSB, aquanale and spoga+gafa come together at the Cologne trade fair location to form renowned and established industry meeting points. This strong portfolio is further enhanced by imm cologne and idd cologne, both of which are also held in Cologne. These fairs comprehensively represent the interior and design segment, the furniture and interior construction industries' supplying sections, the kitchen world, all topics for the modern working world, garden lifestyle as well as modern work environments, the garden lifestyle, public spaces, sports and leisure facilities, along with saunas, pools and wellness centres.


Beyond that, Koelnmesse is strategically expanding its portfolio in international growth markets. The imm brand family includes imm india and IFFINA+ powered by imm cologne in Indonesia. The ORGATEC brand has established a global footprint with ORGATEC Tokyo, ORGATEC India, and ORGATEC WORKSPACE Saudi Arabia. The international presence of the interzum brand extends to interzum guangzhou, interzum bogota, interzum jakarta, and the interzum forum italy. The FSB brand is also internationally active, with the FSB Sports Show Riyadh and the FSB Forum Italy in Bergamo. Furthermore, the portfolio features La Feria De Diseño Medellín powered by idd cologne in Colombia.


imm india on LinkedIn: www.linkedin.com/company immindiaofficial imm india on Facebook: www.facebook.com/immindiaofficial/ imm india on Instagram: www.instagram.com/immindia_official/
(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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