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    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
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August 6, 2026
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Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
August 6, 2026
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Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
August 6, 2026
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NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
August 6, 2026
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Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
August 6, 2026
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Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
August 6, 2026
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Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
August 6, 2026
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Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
August 6, 2026
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Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
August 6, 2026
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Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
August 6, 2026
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Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
August 6, 2026
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Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
August 6, 2026
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Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
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August 5, 2026
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August 5, 2026
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Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
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August 5, 2026
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Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
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August 5, 2026
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On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
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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.
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August 5, 2026
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Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.

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Customs, DGFT & SEZ

DRI seizes over 42 kg foreign-origin gold worth more than RS. 65 crore in crackdown on gold smuggling

September 1, 2026

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25 persons arrested in multiple intelligence-led operations across Kolkata, Mumbai, Kerala and other locations

Continuing its sustained crackdown on organised gold smuggling, the Directorate of Revenue Intelligence (DRI) has, in a series of intelligence-led operations across the country in recent days, seized over 42 kg foreign-origin gold, and around 10 kg Silver, collectively valued at more than Rs. 65 crore, and arrested 25 persons including 5 foreign nationals.

The operations have exposed diverse and sophisticated modus operandi, including concealment in specially fabricated vehicle cavities, body concealment, use of transit passengers and airport personnel, and smuggling through land and coastal routes.

Major operation at Mumbai Airport

On 28/29.08.26, DRI unearthed a well-organised syndicate involved in smuggling foreign-origin gold through Chhatrapati Shivaji Maharaj International Airport, Mumbai. The syndicate involved foreign nationals transiting through Mumbai from destinations including Dubai, Bangkok and Male, as well as an airport staff member facilitating clandestine removal of the smuggled gold at Mumbai. A total of 16 capsules containing 6.85 kg of 24-carat gold dust in wax form, were recovered and seized.

6.85 kg gold in wax form seized at Mumbai airport

The operation resulted in the arrest of six persons, comprising of five foreign nationals who were transiting through Mumbai and one airport staff member. The operation once again highlights that organised networks are increasingly exploiting transit routes and airport personnel for clandestine removal of smuggled gold.

Major seizures in Kolkata/West Bengal

On 29,08,26, in two separate intelligence-led operations at NSCBI Airport, Kolkata, officers of DRI intercepted two passengers travelling from Bangkok and Dubai respectively, suspected to be part of gold-smuggling syndicates.

15.61 kg gold seized by DRI in coordination with BSF in Nadia district

In a case involving two passengers coming from Dubai, 4.87 kg gold was recovered after semi-solid gold-containing paste was found concealed in the undergarments and jeans of two passengers. The material was melted and the extracted gold in bar form was seized. Both passengers were arrested under the relevant provisions of the Customs Act, 1962.

In another case, involving flight coming from Bangkok, 3.36 kg foreign-origin gold was recovered in the form of 11 raw chains from one passenger, which had allegedly been handed over to him by the second passenger for crossing the Green Channel. Both passengers were arrested.

On the same day, in another case, the DRI seized 125 pieces of foreign-origin gold bars weighing 15.61 kg. It was recovered by troops of Border Security Force (BSF), at BOP Tungi from a woman during a surprise search of her residential premise in Banpur village, Nadia district.  During investigation by DRI, the woman admitted to her involvement in the alleged smuggling activity along with the men of the house. The woman was arrested under the relevant provisions of the Customs Act, 1962.

1.74 kg gold seized by DRI in coordination with BSF

Two more seizures in Kerala

In two separate operations in Kerala on 29.08.2026, DRI Cochin Zonal Unit and its Calicut Regional Unit intercepted passengers arriving from Ras Al Khaimah and Jeddah respectively. At Cochin International Airport, 1.78 kg gold, was extracted from two packets of gold in compound form concealed on the person of a passenger arriving from Ras Al Khaimah; the passenger was arrested.

At Calicut International Airport, DRI officers, along with the Air Intelligence Unit, detected 549 grams of 24-carat foreign-origin gold, concealed in especially created cavities inside the heavy alloy portion of an iron box carried by a passenger arriving from Jeddah. The gold was seized under the Customs Act,1962 and the passenger was arrested.   

Earlier in the week, on 26–27.08.2026, DRI, in coordination with BSF, also effected several significant seizures of foreign-origin gold along the Indo-Bangladesh border, The officers of DRI Unit seized 935 grams and 1.74 kg foreign-origin gold in two separate operations, resulting in the arrest of one person in each case.

In another operation in Kolkata, 1.48 kg foreign-origin (FO) gold in paste form, allegedly smuggled from Thailand, was recovered by officers of DRI from four persons.  who were found to be carrying smuggled FO Gold in paste form in 5 capsules secreted in their rectum/ body during aa domestic road trip. All four persons and their handler were arrested.

In Guwahati, DRI seized 3.84 kg foreign-origin gold bars allegedly smuggled through the Indo-Bangladesh border in the Tripura sector and arrested two persons including a lady.

Further, in Ramanathapuram, Tamil Nadu, DRI seized 1.360 kg foreign-origin gold and 9.99 kg foreign-origin silver, allegedly smuggled through the coastal route from Sri Lanka, and arrested three persons.

Seized gold and silver at  Ramanathapuram, Tamil Nadu

DRI's intelligence-led and coordinated enforcement actions continue to disrupt these networks at multiple stages of the smuggling chain and prevent the illicit movement of precious metals into the country.

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Acts Income Tax