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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
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    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
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    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
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    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
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    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
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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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      Yidu Tech's AI Agents Now Handle 20% of Hospital Tasks: Human-Machine Collaboration Model Showcased at Summer Davos

      June 27, 2025

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      TIANJIN, China, June 27, 2025 /PRNewswire/ -- From June 24 to 26, the World Economic Forum 2025 Annual Meeting of the New Champions (the 16th Summer Davos Forum) was held in Tianjin. Artificial intelligence, as the new frontier of global economic growth, was one of the hottest topics of this year's forum.

      Ms. Gong Rujing (Gong Yingying), Founder and Chairwoman of Yidu Tech, was invited to attend the forum as a representative of the AI healthcare industry and a Young Global Leader. She delivered insightful remarks in the themed dialogue "The AI+ Era", sharing the stage with Dr. Peter Koerte, Member of the Managing Board, Chief Technology Officer and Chief Strategy Officer of Siemens AG; Zhu Min, Senior Fellow at the China Center for International Economic Exchanges and former Deputy Managing Director of the International Monetary Fund; and Kenny Lam, CEO Asia Pacific at Two Sigma. The dialogue was moderated by Azeem Azhar, CEO of Exponential View.

      Yidu's Healthcare Innovation Practice: From Data Intelligence Infrastructure to AI Clinical Implementation Gong Rujing (Gong Yingying) pointed out that the trend of population aging poses a severe challenge to healthcare systems: "The original intention of founding Yidu Tech ten years ago was based on the foresight that the traditional healthcare supply chain would be unsustainable under the aging peak expected by 2030." She emphasized that the core prerequisite for the implementation of AI in the medical field is to overcome the challenge of unstructured medical data.

      Over the past ten years, Yidu Tech has invested considerable resources in promoting data standardization governance, making it truly computable and applicable. The company's core algorithm engine, YiduCore, has cumulatively and legally processed and analyzed over 6 billion medical records—this is the foundational resource enabling AI technology to deeply empower healthcare.

      With the breakthrough progress in large model technology, Yidu Tech's years of medical data governance capabilities are generating exponential value—the company has not only independently developed a large language model in the medical domain but also launched a Clinical-Grade Intelligence Engine "AI Middleware Platform" to drive the construction of smart hospitals, successfully implemented in over 30 well-known top-tier hospitals within three months. "At present, each doctor handles 30 to 100 patient visits per day. The AI Middleware Platform is deeply integrated into the entire diagnosis and treatment process as doctors' 'AI Copilot Station', continuously empowering pre-diagnosis information integration, in-consultation decision support, and post-diagnosis patient management, thereby reducing doctors' burdens." In the pre-diagnosis phase, the intelligent pre-consultation system collects patients' chief complaints, medical history, medication information, etc., through natural language interaction, improving the density of valid information. Particularly noteworthy is the intelligent medical record generation function, which can integrate the patient's pre-consultation information, consultation recording, and historical data (examinations/imaging/past records, etc.) with one click to generate a preliminary medical record, significantly reducing doctors' workload.

      In the in-consultation phase, AI can parse patients' past medical records within seconds, dynamically generate a timeline and trend charts of patients' treatment history to help doctors quickly understand key medical history. AI also comprehensively considers diagnostic data and marks the basis for decisions, effectively supporting clinical decision-making while ensuring scientific rigor and reliability.

      In the post-diagnosis phase, the AI patient management platform enables data interconnectivity within and outside the hospital. Based on specialized large language models, it provides personalized follow-up, rehabilitation guidance, and medication guidance services to improve patient compliance.

      "This not only frees up doctors' time but also significantly improves the quality of diagnosis and treatment and patient experience through precision data-driven methods," said Gong Rujing (Gong Yingying). From February to June 2025, the AI diagnosis and treatment assistant built on the AI Middleware Platform assisted doctors in serving a total of 26,000 patients.

      Human-Machine Collaboration: From Medical Empowerment to Organizational Evolution Gong Rujing (Gong Yingying) believes that current AI development is still in its early stage, and its ultimate form has not yet taken shape. Therefore, Yidu Tech maintains an open mindset and takes "creating real value in end-user scenarios" as the core anchor of its AI strategy. She emphasized: "The key to harnessing AI lies not only in the technology itself but also in achieving deep collaboration between humans and technology." This concept is deeply reflected in Yidu Tech's innovation in medical practice. The pain point of traditional AI healthcare lies in the attempt to use standardized tools to meet the diverse needs of doctors. However, uniformly built models or applications cannot meet the stringent requirements of specialists for professional depth, nor can they flexibly adapt to the specific work scenarios of doctors with different levels of seniority and positions. To solve this contradiction, Yidu Tech launched the "Custom Smart Assistant" function on top of the AI Middle Platform, allowing doctors to independently design intelligent assistants tailored to their unique needs through zero-code, "Lego-style" modular construction. This is a key step for AI in healthcare to move toward deeply contextualized scenarios and marks a shift from the previous "tool-based empowerment" to doctor-led "co-creation of capabilities". AI tools developed by doctors themselves will become a key force in enhancing the accessibility of medical services.

      At the same time, the concept of human-machine collaboration is also driving the internal organizational evolution of Yidu Tech. "During periods of rapid technological iteration, an organization's learning capacity, resilience to change, and value orientation are more important than a single technological advantage." Gong Rujing (Gong Yingying) actively advocates that the team embrace AI transformation, maintain high adaptability, and form an efficient collaborative working relationship with AI agents. Currently, AI agents have taken on about 20% of Yidu Tech's daily work. This is not only an improvement in efficiency but also a substantive manifestation of the organizational form and work paradigm moving toward "human-machine symbiosis." "Data privacy, cross-institution collaboration, and technological ethics are common challenges faced by AI healthcare development worldwide. However, the large-scale application scenarios of China's healthcare system provide a unique advantage for AI technology iteration." In the global tide of accelerating toward an intelligent era, Gong Rujing (Gong Yingying)'s sharing at the Summer Davos Forum showcased the innovation strength of AI healthcare enterprises and offered a practical path for the industry's development. As "AI + Healthcare" evolves from concept to deep implementation, Yidu Tech will remain grounded in data and empowered by AI, continuously exploring new possibilities and driving the healthcare industry toward greater efficiency, precision, and accessibility.

      (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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