August 12, 2026: Union Finance Minister Nirmala Sitharaman said BRICS economies are major engines of global growth and called for public capital to catalyse private investment, while India’s retail inflation rose to 4.45% in July, remaining above the RBI’s 4% target for the second consecutive month.
Top India Headlines
- Sitharaman Says BRICS Economies Are Major Engines of Global Growth
Union Finance Minister Nirmala Sitharaman said public capital should act as a catalyst for private investment rather than a substitute for it. She made the remarks at a seminar in Jaipur on the New Development Bank’s role in mobilising private capital across BRICS countries. - India’s Retail Inflation Rises to 4.45% in July
India’s retail inflation increased to 4.45% in July from 4.38% in June, remaining above the Reserve Bank of India’s 4% target for the second consecutive month this year. - Piyush Goyal Highlights $30 Trillion Economy Vision for 2047
Union Commerce and Industry Minister Piyush Goyal said India’s $30 trillion economy vision for 2047 presents major opportunities for businesses. He also called for fair trading practices, recycling, reuse and greater adoption of a circular economy. - SEBI Chief Calls for Indian Benchmarks in Commodity Markets
SEBI Chairman Tuhin Kanta Pandey called for the development of Indian commodity benchmarks and good-delivery standards based on domestic market realities rather than relying mainly on global benchmarks. - Sensex Falls 188 Points, Nifty Declines 36 Points
Benchmark domestic equity indices ended lower on August 12. The Sensex declined 188 points, or 0.24%, to close at 77,966, while the Nifty fell 36 points, or 0.15%, to settle at 24,436. - Gold Rises 0.4%, Silver Gains 0.8% in Indian Bullion Market
On August 12, 24-carat gold rose 0.4% to ₹1,53,419 per 10 grams, while silver increased 0.8% to ₹2,37,214 per kilogram. - Crude Oil Prices Show Mixed Trend in Global Markets
Global crude oil prices showed a mixed trend on August 12. Brent crude was down 0.2% at $88.71 per barrel in intra-day trade, while West Texas Intermediate crude was up at $82.24 per barrel. - Rupee Ends at ₹95.33 Against US Dollar
The Indian rupee ended at ₹95.33 against the US dollar in the forex market on August 12. The currency was reported to have moved by 10 paise during the session.
