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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
    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
    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
    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
    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
    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
    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
    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
    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
    Show AI Summary
    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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      Latest: Trump says ceasefire in effect as he criticises both Iran, Israel

      June 24, 2025

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      Jerusalem, Jun 24 (AP) US President Donald Trump claimed a ceasefire between Iran and Israel was “in effect” on Tuesday, after expressing deep frustration with both sides and accusing them of violating the agreement he brokered.

      Israel earlier accused Iran of launching missiles into its airspace after the truce was supposed to take effect. The Iranian military denied firing on Israel, state media reported.

      Trump expressed anger and frustration as he told reporters at the White House that both Israel, a close ally, and Iran had violated the ceasefire plan. But later he said the deal was saved, and Israeli Prime Minister Benjamin Netanyahu's office said he held off on tougher strike against Iran after speaking to Trump.

      Here is the latest: Israel's emergency services: 28 killed during 12 days of war with Iran As a cease-fire between Iran and Israel took effect Tuesday, Israel's emergency services released final figures from 12 days of fighting.

      According to the data, 1,347 people in Israel were affected, including 28 killed, 17 seriously wounded, 29 moderately wounded, 872 lightly wounded and 401 treated for anxiety.

      Netanyahu's office says he held off on tougher strike after speaking to Trump Netanyahu's office says Israel struck an Iranian radar in response to the Iranian missile attack early Tuesday. But it says the Israeli leader held off tougher action after an appeal from President Donald Trump.

      “Following President Trump's conversation with Prime Minister Netanyahu, Israel refrained from additional attacks,” Netanyahu's office says.

      Iran TV says another nuclear scientist was killed in Israeli airstrike A high-profile Iranian nuclear scientist was killed in an Israeli strike, Iran state TV said, making him the latest in a list of top atomic experts who are said to have been killed in Israeli attacks over the last 12 days.

      Mohammad Reza Sedighi Saber, who the US State Department had sanctioned last month, was killed at his father-in-law's residence in an early Tuesday morning strike in northern Iran, according to the report.

      It added that three projectiles had hit the residence, and an earlier round of strikes had killed his 17-year-old son on June 13.

      The Council on Foreign Relations on Monday said that Israeli strikes had killed at least 10 nuclear scientists since the Israel-Iran war broke out. The US State Department last month described Sedighi Saber as the head of Iran's Organisation of Defensive Innovation and Research's Shahid Karimi Group, which works on explosives-related projects, adding that he was “linked to projects including research and testing applicable to the development of nuclear explosive devices.” Turkiye urges all parties to fully observe ceasefire Turkiye has welcomed the ceasefire between Israel and Iran but also said it was closely monitoring statements indicating violations.

      In a statement issued Tuesday, the Turkish Foreign Ministry urged all parties to fully observe the ceasefire the “critical period ahead,” saying the Middle East was in need of peace and stability.

      The ministry also called for the resolution of the Palestinian issue which it described as being at the “root of many problems in the Middle East.” Macron expresses concerns that Iran could continue work to enrich uranium French President Emmanuel Macron has expressed concerns that the Israel-Iran war has increased the risk that Iranian leaders will continue work in secret to enrich uranium that can be used for nuclear weapons.

      “This risk has, it's true, increased with what has happened recently,” Macron said. He was asked if Iranian uranium-enrichment work could continue in secret after nearly two weeks of Israeli airstrikes and the dropping of giant bunker-busting bombs by US stealth bombers on Iranian nuclear plants.

      He repeated France's desire for negotiations to address concerns about Iran's nuclear and ballistic missile programs.

      “Our shared objective is that Iran doesn't equip itself with a nuclear weapon,” he said.

      Qatar condemns Iranian attacks on US air base “Attacking Qatar is unacceptable… we were surprised by the attack on the military base,” said Qatari Prime Minister and Foreign Affairs Minister Mohammed bin Abdulrahman Al Thani, referring to Monday's attack on the Al Udeid Air Base.

      The base is a sprawling desert facility in Qatar that serves as a major regional military hub for American forces.

      He told reporters Tuesday that the Iranian attack had left a “scar” on his country's relationship with Tehran.

      Al Thani said Qatar will not resort to escalatory steps, but will rely on legal measures and diplomacy instead when responding to the attack. He added that Qatar intercepted all missiles except one that fell in a deserted area.

      Israeli strike killed 7 members of Revolutionary Guard, Iran media says An Israeli strike Monday on Iran's city of Karaj near Tehran killed seven members of Iran's Revolutionary Guard, including two generals with the paramilitary force, the state-run IRNA news agency reported.

      Military plane evacuates 101 French nationals from Israel to Cyprus A military plane evacuating 101 French nationals from Israel to Cyprus took off from Ben Gurion Airport on Tuesday, French authorities said.

      French Foreign Minister Jean-Noel Barrot said similar evacuation flights will follow.

      Priority is given to those with medical and humanitarian issues, the foreign ministry said in a statement. Those who can travel on their own can still cross to Jordan and Egypt to take commercial flights, it said.

      Iranian governor: Israeli strike before the ceasefire killed 9 civilians A deputy governor in Iran's northern Gilan province along the Caspian Sea said an Israeli strike before the ceasefire killed nine civilians, state media reported.

      Iran says it transferred all inmates out of a prison after it was targete Iran says it transferred all inmates out of its notorious Evin prison after an Israeli strike targeted the facility on Monday.

      Iran's Prisons Organisation said all the inmates had been moved to other prisons around the capital, Tehran. It said the move was necessary for workers to repair damage there.

      Evin prison is known for holding both political prisoners and those with Western ties for negotiations with the wider world. It also has a specialized unit overseen by the paramilitary Revolutionary Guard.

      Israel's opposition leader says 'majority' of Iran's enriched uranium destroyed Israeli opposition leader Yair Lapid told a group of British lawmakers he believes much — but not all — of Iran's enriched uranium was destroyed by Israeli and US strikes.

      “We think at least the majority of it might be, gone, but not everything,” he said.

      He said Iran's nuclear ambitions “were hurt and they were taken backwards significantly. We just don't know exactly right now how much.” Lapid told the House of Commons Foreign Affairs Committee that Iran likely smuggled some of the uranium out of the facilities that have been attacked.

      “There are only a limited number of places they can smuggle the uranium to,” he said. “You don't take it in a suitcase and put it at home until the fire stops.” Iran's highest-level security body praises military Iran's top security body has praised its military for its conduct in the 12-day war with Israel, likely signalling Tehran believes the ceasefire will hold.

      The statement from the Supreme National Security Council came as Israel said it would conduct immediate strikes on Iran for allegedly violating the terms of US President Donald Trump's proposed ceasefire in the war.

      The council said Iran's armed forces “will be ready to give a decisive and regretful response to any act of aggression by the enemy.” Egypt and Saudi Arabia welcome Trump ceasefire plan Egypt said in a statement Tuesday morning that it welcomes US President Donald Trump's announcement of reaching a ceasefire between Israel and Iran.

      “It is a critical point into ending this conflict between both countries and restoring peace in the region,” the statement read.

      Egypt called upon the countries to fully abide by the ceasefire and practice full restraint.

      Saudi Arabia on Tuesday also welcomed Trump's announcement of a ceasefire, though the hopeful statement came as the agreement was faltering.

      “The Kingdom looks forward to all parties committing to de-escalation in the coming period,” Saudi Arabia's Foreign Ministry said.

      Less than three hours after the ceasefire came into effect, Israeli Defense Minister Israel Katz said that Iran had “completely violated” the ceasefire by launching missiles.

      Qatar summons Iranian ambassador Qatar's Foreign Ministry said it summoned Iran's ambassador to the country and stressed that Monday's attack on a U.S. military base there was a violation of international law and Qatar's sovereignty and airspace.

      Qatar's Foreign Ministry said on Tuesday it affirmed that it “reserves the right to respond to this blatant violation in accordance with international law.” Israel's defence minister instructs military to resume attacks on Iran Israeli Defence Minister Israel Katz said that Iran had “completely violated” the ceasefire between Israel and Iran by launching missiles more than two hours after the ceasefire came into effect.

      Katz said he instructed the Israeli military to resume targeting Iranian paramilitary and government targets in Tehran.

      According to Israel's emergency services, there were no injuries in the missiles launched towards Israel after the ceasefire started.

      Overnight, just before the ceasefire started, Israel launched more than 100 munitions targeting dozens of sites in Tehran, including missile launchers.

      Hospital in Gaza says dozens are in critical condition The Awda hospital in Gaza's urban Nuseirat refugee camp said another 146 people were wounded when Israeli forces and drones opened fire toward hundreds of Palestinians waiting for aid trucks.

      Among them were 62 in critical condition, who were transferred to other hospitals in central Gaza, it said.

      In the central town of Deir al-Balah, the Al-Aqsa Martyrs hospital said it received the bodies of six people who were killed in the same incident.

      The deaths were the latest in the Israel-Hamas war in Gaza which killed about 56,000 Palestinians, according to the Gaza Health Ministry.

      The ministry doesn't distinguish between civilians and combatants but says more than a half of the dead were women and children.

      Israel launched its campaign in Gaza after Hamas' Oct. 7, 2023, attack on southern Israel, in which militants killed around 1,200 people, mostly civilians, and took another 251 hostages.

      Most of the hostages were released by ceasefire agreements.

      Witnesses describe 'massacre' in Gaza “It was a massacre,” said Ahmed Halawa.

      He said tanks and drones fired at people, “even as we were fleeing. Many people were either martyred or wounded.” Hossam Abu Shahada, another eyewitness, said drones were flying over the area, watching the crowds first, then there was gunfire from tanks and drones as people were moving eastward. He described a “chaotic and bloody” scene as people were attempting to escape.

      He said he saw at least three people lying on the ground motionless and many others wounded as he fled the site.

      Israeli forces and drones fire on hundreds of Palestinians waiting for aid Israeli forces and drones opened fire toward hundreds of Palestinians waiting for aid trucks in central Gaza early Tuesday, killing at least 25 people, Palestinian witnesses and hospitals said.

      The Israeli military did not immediately comment.

      The Awda hospital in the urban Nuseirat refugee camp, which received the victims, said the Palestinians were waiting for the trucks on the Salah al-Din Road south of Wadi Gaza.

      Witnesses told The Associated Press that Israeli forces opened fire as people were advancing eastward to be close to the approaching trucks.

      Netanyahu says Israel's war 'goals attained' Prime Minister Benjamin Netanyahu said Israel has agreed to the bilateral ceasefire with Iran in coordination with President Donald Trump.

      Netanyahu said that he had reported to Israel's security cabinet Monday night that Israel had achieved all of its war goals in the 12-day operation against Iran, including removing the threat of Iran's nuclear and ballistic missile programs.

      Israel also damaged Iran's military leadership and several government sites and achieved control over Tehran's skies, Netanyahu said.

      “Israel will respond forcefully to any violation of the ceasefire,” Netanyahu said. (AP) GRS GRS

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