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    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
    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
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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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.

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August 26, 2026

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New Delhi, Aug 26 (AP) Following are the top stories at 5 pm: TOP STORIES FGN28 NEPAL-FLOOD-INDIANS (3.49 PM)

Nearly 400 people, including 105 Indians, missing after Nepal floods near Tibet border Kathmandu: At least 105 Indians are among the nearly 400 persons missing after the devastating flash floods in Nepal's Rasuwa district bordering Tibet on Wednesday. By Shirish B Pradhan

DEL29 HM-BIHAR-FLOOD (4.51 PM)

Nepal flash floods: Amit Shah dials Bihar CM on flooding risk, NDRF being mobilised New Delhi: Union Home Minister Amit Shah on Wednesday spoke to Bihar Chief Minister Samrat Choudhary on the risk of flooding in the state following torrential rains and a glacier burst in neighbouring Nepal, officials said.

NATION BOM4 MH-MPSC-EXAM-CANCELLATION (3.07 PM)

MPSC cancels Drug Inspector recruitment process over paper leak findings Mumbai: The Maharashtra Public Service Commission (MPSC) has cancelled the recruitment process for Drug Inspector Group-B posts under the Food and Drug Administration Department following a preliminary inquiry into alleged malpractice in the screening examination conducted earlier this year.

BOM7 MH-MPSC EXAM-REAX (3.51 PM)

Drug Inspector recruitment exam paper sold for Rs 40 lakh, claims Oppn; govt assures probe Mumbai: NCP (SP) MLA Rohit Pawar on Wednesday alleged that the question paper of the Drug Inspector Group-B recruitment exam conducted by Maharashtra Public Service Commission (MPSC) in March was sold for Rs 40 lakh each to candidates, and demanded an inquiry.

DEL25 RAHUL-BH-PROTEST (4.22 PM)

BJP-led Bihar govt weaponising police to evade accountability to students: Rahul Gandhi New Delhi: Congress leader Rahul Gandhi on Wednesday lashed out at the BJP-led Bihar government over the student protests there, accusing it of turning the police into a weapon to evade accountability.

CAL17 BH-TEJASHWI-STUDENTS (4.30 PM)

Tejashwi Yadav meets injured protestors at Patna hospital, accuses govt of 'crushing' youth's future Patna: Bihar Leader of Opposition Tejashwi Yadav on Wednesday met students who were injured during an agitation here over alleged inconsistencies in competitive exams.

DEL19 BJP-CONG-PATRIARCHY (3.47 PM)

'Rahul Gandhi reduced to memes and reels,' says BJP on his smash-patriarchy remark New Delhi: The BJP on Wednesday slammed Congress leader Rahul Gandhi over his "smash the patriarchy" remark, alleging that he had reduced himself to "memes and reels" and questioning his record on women's empowerment.

DEL23 HEALTH-FMGE-NBEMS (4.07 PM)

FMGE row: NBEMS says open to genuine concerns, but qualifying standards cannot be diluted New Delhi: The National Board of Examinations in Medical Sciences (NBEMS) is willing to address genuine concerns of Foreign Medical Graduates (FMGs), but there can be no compromise on the minimum competency required to practise medicine in India, a senior official said on Wednesday.

DEL17 CONG-FADNAVIS-APTEL (3.37 PM)

Full of hypocrisy: Congress slams Fadnavis' flagging of APTEL ‘bias’ in favour of private firms New Delhi: The Congress on Wednesday said Maharashtra Chief Minister Devendra Fadnavis' reported letter to Prime Minister Narendra Modi flagging the Appellate Tribunal for Electricity's bias in favour of private power companies was full of "hypocrisy" and that he should also question decisions that have benefited the Adani group.

MDS10 KA-LAKE-LD BODIES (3.05 PM)

Karnataka: Woman, five children found dead in Vijayapura lake Vijayapura: A woman and her five children were found dead in Bhutnal Lake in Vijayapura, with police suspecting that they may have died by suicide, though the exact circumstances are yet to be established, an official said on Wednesday.

BOM5 MH-HC-FOREIGNERS-AADHAAR (3.21 PM)

HC flags fraudulent use of Aadhaar by infiltrators to get Indian citizenship; calls for action Mumbai: The Bombay High Court has noted a "concerning pattern" of foreign nationals infiltrating borders and fraudulently obtaining documents like Aadhaar and PAN cards to claim Indian citizenship, and urged the Centre to take immediate steps to address the issue.

DEL14 EC-GEN Z-OUTREACH (2.42 PM)

EC renews outreach plans for Gen Alpha, Z New Delhi: The Election Commission (EC) has initiated renewed efforts to reach out to Gen Alpha and Z ahead of the 2029 Lok Sabha polls to make them aware voters who are well-acquainted with the electoral process and can lead future campaigns to educate people.

BOM6 MP-MINISTER-CONGRESS (3.42 PM)

Cong seeks MP govt's dismissal for 'not sanctioning' prosecution of Vijay Shah over remarks against Col Qureshi Bhopal: The Congress on Wednesday demanded that the President dismiss the BJP government in Madhya Pradesh for 'not sanctioning' the prosecution of minister Vijay Shah for his objectionable remarks about Indian Army officer Colonel Sofia Qureshi.

CAL16 MG-ASSEMBLY-URANIUM (3.59 PM)

Meghalaya assembly passes resolution against exploration, mining of uranium Shillong: The Meghalaya assembly on Wednesday passed a resolution against exploration and mining of uranium in the northeastern state.

DEL9 GEN ALPHA-PROTESTS-LOUDER (2.41 PM)

One for the future: Gen Alpha rise to demand accountability, better infrastructure New Delhi: The summer of student discontent is moving into autumn... from Jantar Mantar to obscure muddy paths, from the heart of the Indian capital to villages and towns fighting for a place on the education map, and from Gen Z to Gen Alpha.

MDS12 KA-DELHI VISIT-CM (4.39 PM)

Karnataka CM Shivakumar to meet union ministers, SC lawyers in Delhi on Aug 27 Bengaluru: Karnataka Chief Minister D K Shivakumar will visit New Delhi on Thursday to meet union ministers and lawyers representing the state in the Supreme Court over river water disputes.

MDS11 KL-LD ONAM (4.34 PM)

Thiruvonam brings Keralam alive with homecomings, feasts and cherished traditions Thiruvananthapuram: The vibrant colours of Onam were in full bloom across Kerala on Wednesday with people celebrating the auspicious Thiruvonam, the culmination of the state's 10-day Onam festivities, with family gatherings and reunions that brought together generations.

LEGAL LGD6 SC-SAMADHAN SAMAROH-SUCCESS (4.14 PM)

1978 trade dispute, 47-year tenancy row among cases resolved in Supreme Court's special Lok Adalat New Delhi: Several long-pending disputes have been brought to closure including a 47-year-old tenancy battle, a commercial matter dating back to 1978 and an Ayodhya property dispute resolved with the help of a digitally signed agreement transmitted from Dubai - thanks to a mega Lok Adalat held in the Supreme Court.

LGD3 DL-HC-RIOTS-TAHIR (4.05 PM)

Ex-councillor Tahir Hussain moves Delhi HC against conviction, life term for murder of IB officer New Delhi: Former AAP councillor Tahir Hussain has approached the Delhi High Court against his conviction and life sentence for the murder of Intelligence Bureau (IB) staffer Ankit Sharma during the February 2020 riots, saying the investigation was aimed at implicating him to satisfy public anger.

LGD4 SC JUDGE-CJI-LETTERS (3.58 PM)

SC judge Sandeep Mehta writes to CJI against ACJ of Rajasthan HC New Delhi: Supreme Court judge Sandeep Mehta has urged Chief Justice of India (CJI) Surya Kant to appoint with "immediate effect" a chief justice from outside Rajasthan to head the high court in the state, alleging serious administrative irregularities and selective case listings under its acting Chief Justice Sanjeev Prakash Sharma.

LGD5 AST-TRACK COURTS-CASES (4.11 PM)

UP tops pendency list across fast-track courts; Delhi has 7,385 pending cases: RTI reply New Delhi: Uttar Pradesh accounts for nearly 78 per cent cases pending before Fast Track Courts (FTCs) across the country, with more than 13.74 lakh cases awaiting disposal, according to data obtained under the Right to Information (RTI) Act from the Department of Justice. By Manish Raj

FOREIGN FGN25 NEPAL-LD FLOOD (3.01 PM)

At least four killed after flash flood sweeps through Nepal districts near Tibet border Kathmandu: A sudden, massive flood swept through two central Nepal districts bordering Tibet killing four people, causing extensive devastation at settlements along the river and damaging at least a dozen hydropower projects early Wednesday. By Shirish B Pradhan

FGN24 CHINA-FLOODS (3.00 PM)

Xi orders all-out rescue, relief efforts after mudslide hits China-Nepal border Beijing: Chinese President Xi Jinping has ordered all-out efforts to search for and rescue people missing after a mudslide struck villages at the China-Nepal border area in Tibet causing heavy casualties. By K J M Varma

FGN27 US-CLINTON (3.24 PM)

India, China can help resolve West Asia conflict: Hillary Clinton New York: India and China could be among key players who could contribute to resolving the West Asia conflict if US President Donald Trump wants to use "diplomacy instead of bluster", said former Secretary of State Hillary Clinton.

FGN23 US-MAMDANI-LD BHAGWAT (2.32 PM)

NYC Mayor Mamdani opposes RSS chief Bhagwat's Madison Square Garden event New York: New York City Mayor Zohran Mamdani has said he does not support the planned event at Madison Square Garden featuring RSS chief Mohan Bhagwat, who is scheduled to address the Indian diaspora later this week.

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