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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
    Sensex trades higher, Nifty flat post RBI policy
    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
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
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    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
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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
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    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.
    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
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    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
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    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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      Reckitt Unveils First-of-its-Kind Art Installation in Bhavnagar to Raise Awareness on Vector-Borne Diseases

      April 29, 2025

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      Reinforces focus on ‘Malaria Ends with Us – Reinvest. Reimagine. Reignite’ to empower local communities in the battle against malaria on World Malaria Day 2025 Bhavnagar, Gujarat, India – Business Wire India To mark World Malaria Day 2025, Reckitt, a leading global consumer health and hygiene company, through its ‘Self Care for New Moms and Kids Under Five’ program, with support of Government of Gujarat and District Health Department, Bhavnagar, reaffirmed its commitment to combat malaria, dengue and other vector-borne diseases. A first-of-its-kind public installation spotlighting this year’s World Malaria Day theme, “Malaria Ends with Us – Reinvest. Reimagine. Reignite”. This installation was curated by renowned Indian sculptor Dr. Bibhuti Adhikary, who is also celebrated for his groundbreaking creation, the World’s First Innovative Rolling Painting.

      This public installation, themed “Malaria Ends with Us – Reinvest. Reimagine. Reignite” will go a long way as a reminder to invest in prevention of malaria, dengue and other vector borne diseases. The installation is made from 100% recycled and recyclable materials, in light with the issues of climate change. The aim is to bring the community in the state of Gujarat to actively invest their time in awareness activities and reignite a movement to see India Malaria-Free by 2030, aligning with nation’s purpose. Supported by the brand Mortein under Reckitt, the sculpture is inspired by Louie the Mosquito, the face of Mortein since 1957.

      Crafted from MS Rods and scrap metal, the sculpture features three large mosquito figures resting on pillars adorned with citronella grass and marigold flowers, both natural mosquito repellents. A key design element includes dynamic lighting that changes based on local malaria trends: green colour indicates low risk, orange colour signals alerts, and red colour warns of severe outbreaks. An integrated LED screen continuously displays key messages on “Know, Act, and Control” for malaria because awareness of malaria is prevention of malaria. This feature provides clear information and encourages public participation in malaria prevention and control.

      This sculpture is installed in India at Sir Takhtasinhji Hospital and Government Medical College, Bhavnagar. The installation draws inspiration from various art installations across the world that have been set up to generate awareness on critical issues, such as "The Water Tank Project" in New York City to highlight global water crises and "The Umbrella Project" in Portugal to raise awareness about mental health, among many others.

      Implemented by Plan India, in partnership with the National Health Mission, and the District Health Department, this initiative seeks to empower communities with knowledge and encourage proactive measures to prevent vector-borne diseases such as dengue and malaria. The ceremony was graced by Smt. Nimuben Jayantibhai Bambhaniya, Hon'ble Minister of State for Consumer Affairs, Food and Public Distribution, along with Shri Bharatbhai Barad, Mayor, Bhavnagar Municpal Corporation (BMC), Bhavnagar; Dr. Narander Kumar Meena, IAS, Municipal Commissioner, BMC, Bhavnagar; Shri Rajubhai Rabadiya, Chairman, Standing Committee, BMC, Bhavnagar; Dr. Chandramani Kumar, Chief District Health Officer, Bhavnagar; Dr. Chinmay Shah, Medical Superintendent (District Government Hospital) and renowned artist Dr. Bibhuti Adhikary.

      Malaria remains a significant public health challenge in India with 2 million estimated malaria cases in 2023, according to the World Malaria Report 2024. World Malaria Day serves as a powerful reminder of the urgent need to invest in prevention, empower communities, and strengthen our health systems. The newly unveiled 18-foot-tall mosquito sculpture stands as a striking symbol of hope and action.

      Smt. Nimuben Bambhaniya, Hon'ble Minister of State, Ministry of Consumer Affairs, Food and Public Distribution, Government of India, said, “On the occasion of World Malaria Day, I am pleased to have inaugurated the striking mosquito sculpture at Sir Takhtasinhji General Hospital and Government Medical College, Bhavnagar, in collaboration with Reckitt and Plan India. This powerful installation serves as an important reminder of the need for public health awareness. I appreciate the efforts of the ‘Self-Care for New Moms and Kids Under 5’ initiative and all the teams involved for their dedication to this cause.” Shri Rajubhai Rabadiya, Chairman, Standing Committee, Bhavnagar Municipal Corporation (BMC), Bhavnagar, said, "On the occasion of World Malaria Day, Smt. Nimuben Bambhaniya, Hon'ble Minister of State, Ministry of Consumer Affairs, Food and Public Distribution, Government of India, from Bhavnagar Nagar Palika, inaugurated a mosquito sculpture at Sir Takhtasinhji General Hospital and Government Medical College. On behalf of Bhavnagar Nagar Palika, I extend my heartfelt gratitude and congratulations for the installation of the sculpture provided by Reckitt and Plan India. During the function, Shri Bharatbhai Barad, Mayor of Bhavnagar Municipal Corporation, along with Smt. Nimuben Bambhaniya’s team, the Plan India team, and all of us were present. This sculpture not only enhances the beauty of the hospital premises but also plays a significant role in raising public awareness. Congratulations and best wishes to the entire team involved in this commendable initiative." Gaurav Jain, Executive Vice President, Reckitt, South Asia, said, "At Reckitt, we firmly believe that change begins with empowering people at the grassroots. Through our ‘Self-Care for New Moms and Kids Under Five’ program, we are combining innovation with community-led action to equip families with the right knowledge and tools to stay protected from malaria. Aligned with this year’s World Malaria Day theme, ‘Malaria Ends with Us – Reinvest. Reimagine. Reignite’, our efforts focus on prevention, education, and collaboration. We are grateful to the Government of Gujarat for their support in this mission. Each step we take today strengthens the foundation of a healthier, more resilient India – and brings us closer to the vision of Viksit Bharat by 2047." This initiative supports WHO’s global efforts to re-energize action towards malaria elimination by promoting grassroots education and awareness. The program includes health education on malaria symptoms and prevention by Community Health Workers (CHWs), alongside partnerships with local health departments to boost testing and surveillance. Leveraging innovative tools such as the “Malaria Suraksha Chakra” and custom-designed school kits, the campaign emphasized the role of behavior change communication (BCC) in preventing mosquito-borne illnesses.

      Reckitt’s installation represents a pioneering fusion of public health and public art, transforming a public space into a hub of education, engagement, and innovation. It stands not just as a work of art, but as a beacon of hope—signaling Bhavnagar’s leadership in creative health interventions and inspiring similar efforts across India and the world.

      About Reckitt Reckitt* exists to protect, heal and nurture in the pursuit of a cleaner, healthier world. We believe that access to the highest-quality hygiene, wellness and nourishment is a right, not a privilege.

      Reckitt is the company behind some of the world’s most recognizable and trusted consumer brands in hygiene, health and nutrition, including Air Wick, Calgon, Cillit Bang, Clearasil, Dettol, Durex, Enfamil, Finish, Gaviscon, Harpic, Lysol, Mortein, Mucinex, Nurofen, Nutramigen, Strepsils, Vanish, Veet, Woolite and more.

      Every day, around 30 million Reckitt products are bought globally. We always put consumers and people first, seek out new opportunities, strive for excellence in all that we do and build shared success with all our partners. We aim to do the right thing, always.

      We are a diverse global team of 40,000 colleagues. We draw on our collective energy to meet our ambitions of purpose-led brands, a healthier planet and a fairer society. Find out more or get in touch with us at www.reckitt.com.

      *Reckitt is the trading name of the Reckitt Benckiser group of companies.

      To View the Image, Click on the Link Below: Reckitt Unveils First-of-Its-Kind Art Installation in Bhavnagar to Raise Awareness on Vector-Borne Diseases Under ‘Self-Care for New Moms and Kids Under Five’ Program (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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