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    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
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    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
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    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
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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
Show AI Summary
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
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.
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
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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
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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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.
August 5, 2026
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.

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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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