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    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
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
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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
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
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    August 5, 2026
    Show AI Summary
    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
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    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 5, 2026
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    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
    Show AI Summary
    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.

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      Customs, DGFT & SEZ

      SEZs in Karnataka

      July 10, 2019

      Contents
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      Total 62 proposals for setting up of Special Economic Zones (SEZs)in Karnataka have been accorded formal approval under the SEZ Act, 2005.  Presently, 51 SEZs are notified, out of which 31 SEZs are operational.

      No such proposal has been received to declare areas surrounding in Chikkodi in Karnataka as a Special Economic Zone.  Setting up of SEZs is primarily private investment driven initiative.

      The details of SEZs in Karnataka aregiven below:

      List of SEZs in Karnataka

      Sl. No.

      Name of the developer

      Location

      Type of SEZ

      SEZ status

      1

      DivyasreeTechnopark

      Kundalahalli Village, KrishnarajapuramHobli, Bangalore East Taluk, District Bangalore, Karnataka

      IT/ITES enabled services

      Notified/

      Operational

      2

      Manyata Embassy Business Park

      Rachenhalli&Nagavara Village, Bangalore District, Karnataka

      IT/ITES

      Notified/

      Operational

      3

      WIPRO Limited

      Doddakannelli Village, VarthurHobli, Sarjapur Road, Bangalore, Karnataka

      IT

      Notified/

      Operational

      4

      WIPRO Limited

      Doddathogur Village, BegurHobli, Electronic City, Bangalore, Karnataka

      IT

      Notified/

      Operational

      5

      Vikas Telecom Private Limited

      Outer Ring Road, Devarabeesanhalli Village, VarthurHoblic, Bangalore East Taluk, Karnataka

      IT/ITES

      Notified/

      Operational

      6

      RMZ Ecoworld Infrastructure Pvt. Ltd.

      Devarabeesanahalli, Bhoganahalli and Doddakanahalli, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      7

      Cessna Business Park Pvt. Ltd.

      KadubeesanahalliVill, VarthurHobli, District Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      8

      Tanglin Development Ltd.

      Global Village Pattengere/ Mylasandra Villages, Off Mysore Road, RVCE Post, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      9

      Infosys Technologies Limited

      Hebbal Industrial area, District Mysore, Karnataka

      IT/ITES

      Notified/

      Operational

      10

      Information Technology Park Limited

      Sadaramangala and PattandurAgrahara Village, Whitefield Road, District Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      11

      Karnataka Industrial Area Development Board (KIADB)

      Village Perumenahally, Kokkanagatta, SumudraVally, Hamumanthapura, Taluk Hassan, Karnataka

      Textile

      Notified/

      Operational

      12

      Infosys Technologies Limited

      Hebbal Industrial area, District Mysore, Karnataka

      IT/ITES

      Notified/

      Operational

      13

      HCL Technologies Ltd.

      Jigani Industrial Area, Attibele Taluka, Bangalore, Karnataka

      IT/ ITES

      Notified/

      Operational

      14

      Pritech Park

      Bellandur Village, VarthurHobli, Bangalore East Taluk,  Bangalore Urban District, Karnataka

      IT/ITES

      Notified/

      Operational

      15

      Karnataka Industrial Area Development Board (KIADB)

      District Hassan, Karnataka

      Pharmaceuticals

      Notified/

      Operational

      16

      Aspen Infra Padubidri Private Limited (AIPPL)

      Nadasalu, Nandikooru, Polimaru and Hejamadi Villages in Udupi Taluk, Karnataka

      Engineering

      Notified/

      Operational

      17

      Karle Infra Pvt. Ltd.

      Nagavara Village, North Bangalore Taluka, Karnataka

      IT/ITES

      Notified/

      Operational

      18

      Mangalore SEZ Limited

      Baikampady Near Mangalore, Dakshina Kannada District, Karnataka

      Multi Product

      Notified/

      Operational

      19

      Bagmane Construction Pvt. Ltd

      Mahadevapura, K R Puram, Bangalore North, Karnataka

      IT/ITES

      Notified/

      Operational

      20

      Quest SEZ Development Private Limited

      Hattargi and Mastiholi villages, Hukkeri Taluk, Belgaum District, Karnataka

      Precision Engineering Product

      Notified/

      Operational

      21

      Gopalan Enterprises (India) Private Limited.

      Village Mahadevpura and Kaggadaspura, K.R. Puram, Whitefield, Bangalore, Karnataka.

      IT/ITES

      Notified/

      Operational

      22

      Milestone Buildcon Private Limited

      Village Chokkanahalli, Taluka YelahankaHobli Bangalore North, Karnataka

      IT/ITES

      Notified/

      Operational

      23

      Karnataka State Electronics Development Corporation Limited (KEONICS)

      Village Machenahalli and Nidige, District Shimoga, Karnataka

      Electronics Hardware and Software/ ITES

      Notified/

      Operational

      24

      Larsen & Toubro Limited

      KIADB Industrial Area, Taluka Hebbel-Hootagally, District Mysore, Karnataka

      IT/ITES

      Notified/

      Operational

      25

      Wipro Limited

      Kodathi village, VarthurHobli, Sarjapur Road, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      26

      Karnataka Industrial Areas Development Board (KIADB)

      Village Bhatramaranahalli. Kavadadasanahalli, Dummanahalli, Talukas Bangalore North and Devanahali, District Bangalore, Karnataka

      Aerospace and Industry

      Notified/

      Operational

      27

      Infosys Limited

      Gokul Village, within the limits of Hobli, Hubli Taluk, District Dharward, Near Airport Hubli, Karnataka

      IT/ITES

      Notified/

      Operational

      28

      Amin Properties LLP

      Pujanahalli Village, Devanahalli Taluk, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      29

      Bagmane Developers Pvt. Ltd.

      Outer Ring Road, Doddanekundi Circle, Marathalli Post, Bengaluru, Karnataka

      IT/ITES

      Notified/

      Operational

      30

      RGA Infrastructure

      Sy. No. 31/1, Chikkankannelli Village, VarthurHobli, Bangalore East Taluk, Bangalore, Karnataka

      IT/ITES

      Notified/

      Operational

      31

      Biocon Limited.

      Anekal Taluk, Bangalore, Karnataka

      Bio-technology

      Notified/

      Operational

      32

      Karnataka Industrial Areas Development Board (KIADB)

      Villages Pajeer and Kairangala, District Mangalore Dakshina Kannada, Karnataka.

      IT/ITES

      Notified

      33

      Ittina Properties Pvt. Ltd.

      Bagur village, AnugondanahalliHobli, Hoskote Taluk, Bangalore Rural District, Karnataka

      Electronic Hardware and Software including IT/ITES

      Notified

      34

      Gopalan Enterprises (India) Private Limited.

      Hoodi Village, K.R. Puram, Whitefield, Bangalore, Karnataka.

      IT/IT enabled services

      Notified

      35

      Opto Infrastructure Limited

      Village kallahalli, Taluka Nanjungud, District Mysore, Karnataka

      Electronic Hardware and Software including IT/ITES

      Notified

      36

      Brigade Enterprises Pvt. Ltd.

      Ganjimutt, EPIP Industrial Area, Taluka Mangalore, Dakshin Kannada District, Karnataka

      IT/ITES

      Notified

      37

      Opto Infrastructure Limited

      Village DoddaBasavanahalli and Chikkabasavanahalli, Talukas ShanthigramaHobli and Hassan, District Hassan, Karnataka

      Electronic Hardware and Software including IT/ITES

      Notified

      38

      Renaissance Designbuild Private Limited

      Plot No. 47 of Koorgally Industrial Area, Village Koorgally, HobliIlawala, Taluka Mysore, Distt. Mysore, Karnataka

      IT/ITES

      Notified

      39

      Gulf Oil Corporation Limited

      Village  Kattigenahalli and Venkatala, HobliYelahanka, District Bangalore, Karnataka

      IT/ITES

      Notified

      40

      Brooke Bond Real Estates Private Limited

      Bangalore, Karnataka

      IT/ITES/BPO/EH

      Notified

      41

      Gopalan E-Park

      Village Koorgalli, Itwala, Hobli, Mysore Taluk, Mysore District, Karnataka

      Electronic
      Hardware and Software including ITES

      Notified

      42

      Infosys Technologies Limited

      Villages Borgunte, surjapur and billapur, Taluka Anekal, District Bangalore, Karnataka

      IT/ITES

      Notified

      43

      Karnataka Industrial Areas Development Board (KIADB)

      Gamanagatti, Hubli Taluk, Dharwad District, Karnataka

      IT/ITES

      Notified

      44

      Saltire Developers Private Limited

      Outer Ring Road, Rachanahalli Village, Nagavara, Bangalore, Karnataka

      IT/ITES

      Notified

      45

      Infosys Limited

      Electronic City, Doddathogur Village, BegurHobli, Bangalore, Karnataka

      IT/ITES

      Notified

      46

      Information Technology Park Limited

      Sadarmangala Village, Sadaramangala Industrial Area,Whitefield, Bengaluru, Karnataka

      IT/ITES

      Notified

      47

      Embassy Property Developments Private Limited

      Outer Ring Road, Rachenahalli Village, Bangalore, Karnataka

      IT/ITES

      Notified

      48

      Modern Asset

      Survey No. 2/1 & 2/2, Venkatala Village, YelahankaHobli, , Bangalore, Karnataka

      IT/ITES

      Notified

      49

      Modern Asset (Phase – II)

      Survey No. 2/2, Venkatala Village, YelahankaHobli, , Bangalore, Karnataka

      IT/ITES

      Notified

      50

      L&T Construction Equipment Limited (Reality Division) SEZ-I

      Byatarayanapura Village, YelahankaHobli, Bangalaru North, Bangalaru, Karnataka

      IT/ITES

      Notified

      51

      L&T Construction Equipment Limited (Reality Division) SEZ-II

      Byatarayanapura Village, YelahankaHobli, Bangalaru North, Bangalaru, Karnataka

      IT/ITES

      Notified

      52

      Golden Gate Developers Pvt. Ltd

      JalaHobli, Bangalore, Karnataka

      IT/ ITES

      Formal Approval

      53

      Concord Investments (Bangalore)

      Bangalore, Karnataka

      IT/ITES

      Formal Approval

      54

      Bagmane Developers Pvt. Ltd.

      Raman Nagar, KR Puram, Bangalore North, Karnataka

      IT/ITES

      Formal Approval

      55

      High Street Developers Private Limited

      Srirangapatna Taluk, Mandya District, Karnataka

      IT/ITES

      Formal Approval

      56

      Gopalan Enterprises India Pvt. Ltd.

      Kundalahalli and Nallurahalli villages K.R. Puram Hobli, Bangalore, Karnataka

      Biotech

      Formal Approval

      57

      Poornimadevi Tech Park Private Limited

      Sulikere village, KengariHobli, Bangalore South Taluk, Bangalore, Karnataka

      IT/ITES

      Formal Approval

      58

      Wipro Limited

      Belagola Industrial Area, Mogarhalli village, BelagolaHobli, Srirangapatna Taluk,
      Mandya District, Mysore, Karnataka

      IT/ITES

      Formal Approval

      59

      ISPRL FTWZ Padur (Indian Strategic Petroleum Reserves Ltd.)

      Padur, Karnataka

      FTWZ

      Formal Approval

      60

      Manipal ETA Infotech Limited

      Agara and Jakkasandra village, BegurHobli, Bengaluru, Karnataka

      Electronic Hardware and Software including IT/ITES

      Formal Approval

      61

      Jubilant Infrastructure Limited

      Kallahalli village, Nanjangud
      Taluk, Mysore District, Karnataka

      Biotech (Pharma)

      Formal Approval

      62

      Oracle India Private Limited

      Kadubeesanahalli Village, VarthurHobli, Outer Ring Road, Bangalore East Taluk, Bangalore, Karnataka

      IT/ITES

      Formal Approval

      This information was given by the Minister of Commerce and Industry, PiyushGoyal, in a written reply in the Lok Sabha today.

      Topics

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