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    August 5, 2026
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    August 5, 2026
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    August 5, 2026
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    August 5, 2026
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    August 5, 2026
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    August 5, 2026
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    August 5, 2026
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    August 5, 2026
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    August 5, 2026
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    August 5, 2026
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    August 5, 2026
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    August 5, 2026
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    August 5, 2026
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    August 5, 2026
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    August 5, 2026
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    August 5, 2026
    Highlights of RBI's August monetary policy
    August 5, 2026
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    August 5, 2026
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    August 5, 2026
    Sensex trades higher, Nifty flat post RBI policy
    August 5, 2026
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
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    Show All SummariesHide All Summaries
    August 5, 2026
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    Show AI Summary
    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
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Show AI Summary
    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
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    Show AI Summary
    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
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Show AI Summary
    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
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    Show AI Summary
    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
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Show AI Summary
    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
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Show AI Summary
    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
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Show AI Summary
    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
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    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
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    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
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    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
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    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
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    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
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    Show AI Summary
    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
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Show AI Summary
    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
    Highlights of RBI's August monetary policy
    Show AI Summary
    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
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Show AI Summary
    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
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Show AI Summary
    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
    Sensex trades higher, Nifty flat post RBI policy
    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
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    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.

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      Home› news › FEMA & RBI › 2022 › November, 2022 › This
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      FEMA & RBI

      Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI)

      November 8, 2022

      Contents
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      The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 2nd January 2018 (as amended vide Gazette Notification dated 7th November, 2022). As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in item No. 2 (d) of Gazette Notification), who is a citizen of India or incorporated or established in India. A person being an individual can buy Electoral Bonds, either singly or jointly with other individuals. Only the Political Parties registered under Section 29A of the Representation of the People Act, 1951 (43 of 1951) and which secured not less than one per cent of the votes polled in the last General Election to the House of the People or the Legislative Assembly of the State, shall be eligible to receive the Electoral Bonds. The Electoral Bonds shall be encashed by an eligible Political Party only through a Bank account with the Authorised Bank.

      The State Bank of India (SBI), in the XXIII Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches (as per list enclosed) w.e.f. 09.11.2022 to 15.11.2022.

      The Electoral Bonds shall be valid for fifteen calendar days from the date of issue and no payment shall be made to any payee Political Party if the Electoral Bond is deposited after expiry of the validity period. The Electoral Bond deposited by an eligible Political Party in its account shall be credited on the same day.

      Electoral Bond Scheme – 2018 - 29Existing Authorised Branches

      Sl.

      No.

      State/UT

      Name of the Branch & Address

      Branch Code No.

      1.

      Delhi

      Delhi Main Branch 11, Parliament Street, New Delhi – 110001

      00691

      2.

      Haryana, Punjab and Chandigarh

      Chandigarh Main Branch SCO 43-48, Banking Square,

      Sector-17B, Chandigarh, Distt: Chandigarh

      State: Chandigarh, Pin : 160017

      00628

      3.

      Himachal Pradesh

      Shimla Main Branch

      Near Kali Bari Temple, The Mall, Shimla, District : Shimla

      State: Himachal Pradesh, Pin : 171003

      00718

      4.

      Jammu and Kashmir

      Badami Bagh (Srinagar) Branch Badami Bagh

      Cantonment, Srinagar, Kashmir Dist : Badgam,

      State: Jammu & Kashmir Pin : 190001

      02295

      5.

      Uttarakhand

      Dehra Dun Main Branch

      4, Convent Road, Dehradun Uttarakhand, District : Dehradun State: Uttarakhand Pin : 248001

      00630

      6.

      Gujarat, Dadar & Nagar Haveli and Daman & Diu

      Gandhinagar Branch, I Floor, Zonal Office Sector

      10 B Gandhinagar Distt: Gandhinagar,

      State : Gujarat Pin:382010.

      01355

      7.

      Madhya Pradesh

      Bhopal Main Branch T.T.Nagar,Bhopal-462003, Bhopal, Madhya Pradesh,

      District : Bhopal,

      State: Madhya Pradesh, Pin : 462003

      01308

      8.

      Chhattisgarh

      Raipur Main Branch P.B.NO.29/61,

      Jaistambh Chowk, Raipur, District : Raipur

      State : Chhatisgarh Pin: 492001

      00461

      9.

      Rajasthan

      Jaipur Main Branch P.B.No.72, Sanganeri Gate

      Jaipur, Rajasthan District: Jaipur, State: Rajasthan.

      Pin : 302003

      00656

      10.

      Maharashtra

      Mumbai Main Branch Mumbai Samachar Marg

      Horniman Circle, Fort, Mumbai, Maharashtra Pin: 400001

      00300

      11.

      Goa, Lakshadweep

      Panaji Branch

      Opp : Hotel Mandovi, Dayanand, Dayanand Bandodkar Marg, Panaji, Goa.

      District : North Goa, State : Goa, Pin: 403001

      00509

      12.

      Uttar Pradesh

      Lucknow Main Branch

      Tarawali Kothi, Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh

      District :Lucknow, State: Uttar Pradesh

      Pin : 226001

      00125

      13.

      Odisha

      Bhubaneswar Main Branch P.B.NO.14, Bhubaneswar Bhubaneswar

      District : Khurda

      State: Odisha, Pin : 751001

      00041

      14.

      West Bengal and Andaman & Nicobar

      Kolkata Main Branch Samriddhi Bhawan

      1, Strand Road, Kolkata, West Bengal, District :Kolkata.

      State: West Bengal. 3 Pin : 700001

      00001

      15.

      Bihar

      Patna Main Branch

      West Gandhi Maidhan, Patna, Bihar. Pin: 800001

      00152

      16.

      Jharkhand

      Ranchi Branch Court Compound,

      Jharkhand, District : Ranchi, State: Jharkhand, Pin : 834001

      00167

      17.

      Sikkim

      Gangtok Branch

      M G Marg, Gangtok SIKKIM Dist: East Sikkim

      State : Sikkim Pin : 737101

      00232

      18.

      Arunachal Pradesh

      Itanagar Branch

      TT Marg,VIP Road Bank Tinali, Itanagar, Arunachal Pradesh District : Papumpare

      State : Arunachal Pradesh Pin : 791111

      06091

      19.

      Nagaland

      Kohima Branch

      Near deputy commissioner's office Kohima

      Nagaland Pin: 797001

      00214

      20.

      Assam

      Guwahati Branch

      Pan Bazar, MG Road,

      Kamrup, Guwahati, Pin: 781001

      00078

      21.

      Manipur

      Imphal Branch

      M G Avenue, Imphal west Manipur

      Pin: 795001

      00092

      22.

      Meghalaya

      Shilong Branch

      MG Road, Near General PO Shillong, District: Khasi Hills (E), Meghalaya, Pin: 793001

      00181

      23.

      Mizoram

      Aizawl Branch Solomns cave

      District: Aizawl, Mizoram Pin: 796001

      01539

      24.

      Tripura

      Agartala Branch

      Hari Ganga Basak road, Agartala

      District: Tripura (W), Tripura Pin: 799001

      00002

      25.

      Andhra Pradesh

      Visakhapatnam Branch Rednam Gardens, Jail Road,

      Junction, Opp. Pages/Vodaphone Off, Visakhapatnam,

      District: Visakhapatnam State : Andhra Pradesh Pin : 530002

      00952

      26.

      Telangana

      Hyderabad Main Branch Bank Street, Koti, Hyderabad. District : Hyderabad

      State: Telangana Pin : 500095

      00847

      27.

      Tamil Nadu and Puducherry

      Chennai Main Branch 336/166, Thambuchetty Street, Parrys, Chennai.

      State: Tamil Nadu Pin : 600001

      00800

      28.

      Karnataka

      Bengaluru Main Branch Post Bag No.5310,

      St. Marks Road, Bangalore,

      District :Bangalore Urban, State: Karnataka, Pin : 560001

      00813

      29.

      Kerala

      Thiruvananthapuram Branch P.B.No.14, M.G.Road,

      Thiruvananthapuram,

      District : Thiruvananthapuram, State: Kerala, Pin: 695001

      00941

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