India has removed a key regulatory hurdle, allowing exporters to receive payments in Indian currency while retaining incentives under the country's foreign trade policy, a move aimed at promoting wider use of the rupee in international trade.
A savings or current account with no customer-induced transaction for more than 24 months is classified as inoperative.
The Centre has informed the Supreme Court that the 'creamy layer' principle, which excludes affluent individuals from reservation benefits, does not apply to Scheduled Castes (SCs) and Scheduled Tribes (STs). This stance opposes Public Interest Litigations (PILs) seeking to implement such a principle for SC/ST reservations and to direct the government to formulate policies for more equitable distribution of reservation benefits.
The Bureau of Indian Standards (BIS) is preparing to significantly increase its silver jewellery testing capabilities and expand its national laboratory network, driven by a shift in consumer demand from gold to silver and a broader push for enhanced product certification and surveillance.
Leading Indian jewellery bodies, including the All India Gem & Jewellery Domestic Council (GJC) and Malabar Gold & Diamonds, have expressed support for Prime Minister Narendra Modi's appeal to reduce gold imports and are advocating for enhancements to the Gold Monetisation Scheme (GMS) to unlock India's vast idle gold reserves.
The Supreme Court, in a 6:3 majority verdict, has ruled that the expansive, labour-friendly definition of 'industry' from its 1978 Bangalore Water Supply and Sewerage Board judgement will not be used for interpreting the Industrial Relations Code of 2020. However, the 'triple test' from the 1978 verdict will still apply to pending cases under the now-repealed 1947 Industrial Disputes Act.
Rental yield can indicate whether a property is undervalued, overvalued or fairly valued.
Foreign Currency Non-Resident (Bank), or FCNR (B), deposits mobilised under the Reserve Bank of India's (RBI's) concessional swap facility may have already surpassed the amount raised during the 2013 scheme in just about 45 days, prompting SBI Research to sharply raise its estimate for inflows under the facility to $65-70 billion.
The US push for clearer crypto rules is putting pressure on India to fill its own regulatory gap for virtual digital assets.
'Having analysed the break up of the hospital billing structure the committee believes that rationalising of room charges needs to be done on an emergent basis.'
India has capped gold imports under the Advance Authorisation scheme at 100 kg, a day after significantly increasing import duties on precious metals. This move aims to tighten conditions for duty-free gold imports by jewellery exporters and curb non-essential imports amidst a ballooning import bill.
The Supreme Court has urged the CBSE to reconsider the implementation of its three-language policy for Class 9 students, emphasising that children should not be subjected to undue pressure. The court highlighted concerns about infrastructure, the starting point of the policy, and the definition of 'native' languages.
The EPF should remain a retirement nest egg, not be turned into an emergency fund.
Two NCPI MPs from Murshidabad, West Bengal, met with Chief Minister Suvendu Adhikari to express concerns over the removal of mosque loudspeakers, alleging police overreach and targeting of Muslims. They also sought his intervention to expedite hearings for approximately 27 lakh people excluded from electoral rolls, highlighting difficulties faced by genuine voters due to delays in tribunal decisions.
Khalifa wants to build a universe, but struggles to build a compelling film, leaving Prithviraj Sukumaran to carry a derivative thriller almost entirely on his shoulders laments Sreeju Sudhakaran.
India is projected to attract between $80 and $85 billion through the Reserve Bank of India's (RBI) concessional swap facility, designed to boost foreign currency inflows, according to an SBI research report.
'A favourable base, last year's policy measures, the carryover impact of a good monsoon and improving earnings should all help.'
Jharkhand students are protesting alleged recruitment exam irregularities with creative and non-violent methods, including mock job "rate cards," satirical posters, and recitations from the Mahabharata. Their agitation, spearheaded by the JPSC-JSSC Reforms Manch, focuses on demanding reforms, cancellation of the 14th JPSC Civil Services Examination, and an independent probe, while adhering to a strict code of conduct against abusive language.
...and 3 lakh for harassment.
A man identified as Manish Gupta was arrested in Bihar's Khagaria district for allegedly impersonating an IAS officer and falsely claiming ties to National Security Advisor Ajit Doval. Police recovered a Tesla car, an SUV, imported liquor, and other luxury items from his residence, indicating extensive fraudulent operations. An investigation into his assets and alleged fraud is underway.
Maharashtra Chief Minister Devendra Fadnavis announced a significant waiver of approximately Rs 48,000 crore in pending electricity dues for farmers, aiming to facilitate new agricultural power connections and support the state's agricultural sector.
Mizoram Chief Minister Lalduhoma has called for the state to become a hub for Indian futsal, producing players capable of leading the national team to the FIFA Futsal World Cup. Speaking at a felicitation for Tlangnuam Futsal Club, he emphasised nurturing talent for international success and highlighted government investment in sports infrastructure.
Prime Minister Narendra Modi and NDA leaders reviewed India's progress in international sports and significant growth in youth employment opportunities at their weekly parliamentary meeting.
The Reserve Bank of India (RBI) is widely expected to keep its benchmark repo rate unchanged in the August monetary policy review, with economists citing elevated inflation risks and the pending closure of the FCNR(B) deposit scheme as key factors. Most anticipate a 'Neutral' policy stance but with a hawkish tone due to geopolitical tensions, high crude oil prices, and an uneven monsoon.
Commonwealth Games gold medallist Soman Rana has highlighted the critical need for increased corporate support and permanent jobs for Indian para-athletes. He stressed that financial security is vital for athletes to focus on training and achieve consistent international success, including at events like the Paralympics and Para Asian Games. His views were echoed by PCI president Devendra Jhajharia and M3M Foundation chairperson Payal Kanodia, who noted the growing recognition and support for the Paralympic movement in India.
Is this one car with options, or three distinct vehicles? Rajesh Karkera/Rediff.com finds out.
Combine a robust base health plan with a super top-up, critical illness cover and a dedicated medical corpus to protect household finances from soaring treatment costs.
Former Asian Games gold medallist Ronjan Sodhi believes India's ambitious target of 30-40 medals at the 2036 Olympics is a 'distant prospect', citing significant delays in talent identification, scouting, and critical infrastructure improvements.
The Supreme Court has dismissed a review petition challenging its earlier decision that no cognisable offence was made out against BJP leaders Anurag Thakur and Parvesh Verma for their alleged hate speeches during the 2020 anti-CAA protests in Delhi.
India's public sector banks (PSBs) have seen their net profit nearly treble over the past five years, reaching a record Rs 1.98 trillion in FY26, driven by significant improvements in asset quality and sustained lending growth across key economic sectors.
Six Arab football federations, including 2030 World Cup co-host Morocco and Qatar, have publicly declared their "full support" and "confidence" in FIFA President Gianni Infantino. This backing comes as Infantino faces significant backlash and withdrawals of support from European and Oceania federations over his failed $20 billion private investment plan for the World Cup, highlighting a growing schism within global football governance.
India's para shot putter Soman Rana won the gold gold medal in the men's F57 event para shot put event at the Commonwealth Games.
Liquidity stress in smallcap funds has fallen to its lowest level since February 2024, with the average time to liquidate 50% of portfolios dropping to 27 days in June from a peak of 44.2 days in January 2026, driven by a sharp recovery in smallcap stocks and increased trading volumes.
China sailed through the crisis in the Strait of Hormuz relatively unscathed even as the impact of its steps shielded other consuming nations from having to pay high crude oil prices.
Sebi Chairman Tuhin Kanta Pandey has defended the newly rolled out Closing Auction System (CAS), stating that it is a transparent mechanism and that the industry needs time to understand the change. He acknowledged initial turbulence and concerns from fund houses but noted an increase in mutual fund participation.
EPFO said the measure could substantially improve retirement outcomes with nearly half its members expected to see an increase of up to 35 times in their old-age savings.
A sophisticated cross-bank syndicate is systematically defrauding non-resident Indians (NRIs) and elderly citizens by exploiting their fixed deposits through forged documents and fictitious loans, often involving colluding bank employees and real estate deals.
India's largest retirement fund manager, the Employees' Provident Fund Organisation (EPFO), is enhancing its investment governance and fund management practices, following the Reserve Bank of India's recommendations.
Prime Minister Narendra Modi held a breakfast meeting with 37 BJP MPs, including recent AAP defectors, where he emphasised the importance of smooth parliamentary proceedings. He also advised MPs on taking their roles seriously, utilising the Parliament library, engaging with youth, and effectively implementing MPLADS.
The Delhi government is set to introduce a comprehensive drone policy aimed at creating over 1,000 jobs and regulating drone operations. The policy will focus on establishing research clusters, flight testing facilities, and providing subsidies, while also addressing drone usage for government purposes like traffic management and surveillance, considering the city's extensive 'no drone zones'.
