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    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
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
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    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
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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
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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.
    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.

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      23 Proposals of Foreign direct investment cleared

      June 9, 2009

      Contents
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      Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 22nd May, 2009, Government has approved 23 Proposals of Foreign Direct Investment amounting to Rs. 564.80 Crore approximately.     

                  Following 23 (Twenty three) proposals have been approved.

      Sl. No.

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In Crore)

      COMMERCE

      1

      M/s ShinMaywa Industries Ltd., Japan

      To subscribe to the equity shares of an existing India company to carry out the activity relating to automobiles.  The proposal attracts Press Note 1 of 2005.

      1.20

      2

      M/s Damas LLC

      To set up a JV company with 51% equity participation to undertake the business of single brand retail trading.

      180.00

      ECONOMIC AFFAIRS

      3

      M/s FIMBank p.l.c. Malta

      To set up a NBFC.  The proposal attracts Press Note 1 of 2005.

      25.00

      4

      M/s Lazard India Mauritius Ltd., Mauritius

      To invest in units of the Fund.

      125.00

      5

      M/s Asian Hospitals & Health Care Pvt. Ltd., Mumbai

      Transfer of shares by way of share swap.

      No Fresh Inflow

      6

      M/s Lazard Group LLC, USA

      To invest in units of the Fund.  The proposal also attracts Press Note 1 of 2005.

      0.25

      7

      M/s Travelocity.com Pvt. Ltd., Mumbai

      Ex-post facto approval for issue of equity shares against payments made for pre incorporation expenses.

      No Fresh Inflow

      8

      M/s Greenply Industries Ltd., Kolkata

      To issue and allot warrants convertible into equity shares.

      Not Specified

      FOOD PROCESSING INDUSTRIES

      9

      M/s Groupe Danone SA, Paris

      To invest in the food sector, beverage sector, biscuits and cereal sector, dairy sector, baby food sector and medical nutrition sector.  The proposal attracts Press Note 1 of 2005.

      Company yet to be incorporated

      INFORMATION & BROADCASTING

      10

      M/s Media Transasia India Ltd. New Delhi

      To set up a JV company to carry out the publishing of periodical books, journals etc.

      0.10

      URBAN DEVELOPMENT

      11

      M/s Era Infra Engineering Ltd., New Delhi

      Ex-post facto approval for issue of warrants to be converted into equity shares.

      35.15

      ECONOMIC AFFAIRS

      12

      M/s Aavishkaar India Micro Venture Capital Fund

      To issue units as a part of FDI scheme.

      7.37

      INDUSTRAIL POLICY & PROMOTION

      13

      M/s Geissel Jakap Pvt. Ltd.

      Conversion of liability against imported machinery into equity.

      No Fresh Inflow

      14

      M/s HAL Edgewood Technologies Pvt. Ltd.

      Reimbursement of the approved technical know-how fee from one foreign investor to another foreign investor.

      No Fresh Inflow

      15

      M/s Matrix Laboratories Ltd

      To amend the FC approval.

      No Fresh Inflow

      16

      M/s Si2 Microsystems Ltd.

      Transfer of shares by way of share swap.

      No Fresh Inflow

      17

      M/s Bay-Forge Ltd.

      To increase the FDI participation up to 100% by issuing partly paid up equity shares.

      21.42

      ECONOMIC AFFAIRS

      18

      M/s Sanlam Investment Management (Pty) Ltd., South Africa

      Issue of warrants and conversion of operating company into an operating cum holding company to make further downstream investment.  One of the downstream subsidiaries is engaged in the commodity broking.

      43.40

      INFORMATION TECHNOLOGY

      19

      M/s Information Tech Park, Bangalore

      Buy-back of built up space constructed by the company itself under the Industrial Park Policy and leasing out the same to clients.

      No Fresh Inflow

       TOURISM

      20

      M/s HP India Holdings Ltd, Mauritius

      To set up a JV company to undertake developing, owning and operating hotels in various cities and markets in India.  The proposal attracts Press Note 1 of 2005.

      125.00

      COMMERCE

      21

      M/s ADM Interoceanic Ltd., Mauritius

      To acquire the entire shareholding (100%) and control of a new company to be set up in India to engage in Procurement, storage, warehousing, transportation, processing, wholesale/cash and carry trading and dealing with agricultural products and commodities.  The proposal attracts Press Note 1 of 2005.

      Not indicated

      INFORMATION & BROADCASTING

      22

      M/s The Financial Times (India) Pvt. Ltd., New Delhi

      To induct foreign equity up to 100% by way of transfer of existing equity shares from the resident share holders to fresh equity shares.

      0.01

      ECONOMIC AFFAIRS

      23

      M/s Hind Terminals Pvt. Ltd.

      To make downstream investment through internal accruals.

      No Fresh Inflow

       2.        The following 13 (Thirteen) proposals have been deferred:

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      M/s Basell Polyolefins India Pvt. Ltd., Mumbai

      To carry out wholesale trading and manufacturing activities.  The proposal attracts Press Note 1 of 2005.

      2

      M/s Matrix Enport Holding Pvt. Ltd, Hyderabad

      To allot and issue shares to the Indian companies and/or their respective affiliates fully paid up equity shares and/or compulsorily convertible preference shares and to invest in other companies engaged in such business falling under the same sector.

      3

      M/s Unitech Wireless (Tamilnadu) Pvt. Ltd

      To increase the foreign shareholding up to 74%.

      4

      M/s Esys Information Technologies Pvt.  Ltd.

      To make an amendment in the FC approval by including some more trading/manufacturing activities.

      5

      M/s India Rizing Fund

      To amend the FC approval.

      6

      M/s Nagarajuna Construction Ltd.

      To amend the FC approval.

      7

      M/s Credit Information Burco (I) Ltd.

      To acquire equity shares in Credit Information Companies.

      8

      M/s BGS Smartcard Systems (I) Pvt. Ltd.

      To amend the FC apparoval.

      9

      M/s Sandvik Asia Ltd., Pune

      To induct FDI to carry out the activity comprising of Tooling, Mining and Construction and Material Technology.  The proposal attracts Press Note 1 of 2005.

      10

      M/s Ortus Infratel and Holdings Pvt. Ltd., New Delhi

      Induction of FDI in the companies engaged in telecom infrastructure providers (Category-I) and conversion of operating company into operating cum holding company to make downstream investments.

      11

      M/s United Breweries (Holdings) Limited, Bangalore

      Ex-post facto approval for (i) issue of fully convertible equity warrants, (ii) for allotment of fully paid up equity shares on conversion of convertible equity warrants, and (iii) for acting an operating cum investing company for making downstream investment.

      12

      M/s Quippo Telecom Infrastructure Ltd.(QTIL)

      Conversion of operating company into operating cum holding company to make downstream investments and demerger of passive telecom infrastructure business approved by the High Court of Andhra Pradesh.

      13

      M/s Eros International Media Pvt. Ltd., Mumbai

      Ex-post-facto approval  for the investment already made by way of purchase of shares as the proposal had attracted the provision of Press Note 18 of 1998 (now Press note 1 of 2005).  

      3.         The following 02 (Two) proposals have been rejected:

      Sl. No

      Name of the applicant

      Particulars of the proposal

      1

      M/s Morgan Stanley Mauritius Company Ltd.

      To amend the FC approval.

      2

      M/s G4S Corporate Services (India) Pvt. Ltd.

      Conversion of existing status of operating company into foreign owned Indian Holding Company to make downstream investment.

       4.        The following 02 (Two) proposals have been advised to access automatic route.

      Sl. No

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In Crore)

      1

      Mr. Uday Shetty, Pune

      To set up a JV company with a foreign equity of 90% to undertake cash and carry trading in precious metals.

      0.09

      5

      M/s Nomura Financial Advisory & Securities (India) Pvt. Ltd., Mumbai

      To undertake the additional activity of Proprietary trading in an NBFC.

      No Fresh Inflow

       5.        The following 1 (One) proposal has been withdrawn by the applicant.

      Sl. No

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In Crore)

      1

      M/s Goldman Sachs (India) Securities Pvt. Ltd.

      To amend the FC approvals.

      No Fresh Inflow

      6.         In the following 01 (One) proposal applicant has been advised to approach RBI.

      Sl. No

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In Crore)

      1

      M/s Three C Investment (Mauritius) Ltd.

      Conversion of non-repatriable shares into re-patriable shares.

      No Fresh Inflow

      9. The following 01 (One) proposal has been returned to the applicant with the advise to submit it afresh after the Government policy on the related activity is notified.

      Sl. No

      Name of the applicant

      Particulars of the proposal

      FDI/NRI inflows (Rs. In Crore)

      1

      M/s World Space

      To provide audio music programmes for listening on the website.

      No Fresh Inflow

      BSC/BY/DN -142/09

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