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    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
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    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
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August 5, 2026
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Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
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
Show AI Summary
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.

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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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