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    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
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    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
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    August 5, 2026
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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
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
    Show AI Summary
    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
    Show AI Summary
    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
    Show AI Summary
    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
    August 5, 2026
    Show AI Summary
    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
    Show AI Summary
    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
    Show AI Summary
    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
    Show AI Summary
    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.

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      Dadasaheb Phalke International Film Festival Announces the Top 10 Short Films of DPIFF 2025

      August 21, 2025

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      India’s Most Prestigious Film Festival & Award Ceremony celebrates cinematic brilliance and the rising voices of global storytelling Mumbai, India – 20 August 2025: Dadasaheb Phalke International Film Festival, India’s Most Prestigious Film Festival & Award Ceremony, has officially announced the Top 10 Short Films for the 2025 edition, marking yet another milestone in its journey of honouring cinematic brilliance and cultural narratives. Selected from thousands of entries worldwide, these 10 exceptional films represent the highest standards of independent cinema, carrying forward the legacy of Indian cinema’s founding father, Dadasaheb Phalke Ji, while celebrating innovation, diversity and storytelling that transcends borders. DPIFF 2025’s Top 10 Finalists share their thoughts on this recognition, their filmmaking journey, and what this prestigious selection means to them. 1. AVAR – THE INSEPARABLES: “Being shortlisted among the Top 10 at the prestigious Dadasaheb Phalke International Film Festival is an honour that reaffirms why I chose cinema — to move hearts and spark thought. This project, nurtured over five years, is my first work, and such recognition fills me with gratitude. I thank my team, whose passion turned vision into reality, and my family and well-wishers for their faith. This milestone inspires me to dream bigger and create stories that endure.” — Bipin Ramachandran 2. BREAK THE SILENCE: “Being selected among the Top 10 Short Films at DPIFF 2025 is an honour that fuels my passion for storytelling. Cinema has always been my way of connecting emotions with visuals, and this recognition reaffirms its power to spark meaningful conversations. Every frame of Break the Silence carries a piece of my soul, and I dedicate this milestone to my producer, team, mentors, and everyone who believed in our vision.” — Team Break The Silence 3. DESTINY: “I am truly humbled and grateful to see Destiny among the Top 10 films at the Dadasaheb Phalke International Film Festival 2025. This story was born from a deeply emotional space, exploring how tragedy can alter lives in painful yet transformative ways. A piece of my heart lives in this film, and having it recognized on such a prestigious stage reaffirms why I chose cinema — to touch lives and reflect our shared human journey.” — Vishakha Bhardwaj 4. DREAMING VINCENT: “Dreaming Vincent was both a challenge and a dream — reshooting episode 5 of Kurosawa’s ‘Dreams,’ a masterpiece that bridges art forms. For me, this film reflects the birth of artistic vision, captured in the light on the canvas. Being recognised at DPIFF 2025 is an exceptional honour on the Indian continent, a land of art, history, and culture. Cinema’s greatest power lies in connecting people across borders, sharing emotions, and celebrating the universality of human expression.” — Christian Candido 5. HUMSAFAR: “Hamsafar is a deeply personal story inspired by my grandfather’s life, where his radio became his truest companion. I wanted to portray this silent yet profound bond without conventional dialogue, capturing solitude, nostalgia, and resilience through pure emotion. For me, this film is not just storytelling, but a memory carried in my heart. To see Hamsafar recognised at DPIFF 2025 is an honour, reaffirming the power of cinema to celebrate Indian culture, emotional depth, and timeless companionship.” — Abhijeet A. Dalvi, Writer & Director 6. HUNAR: “HUNAR reflects how parents often impose their unfulfilled dreams on children, overlooking the real talent within them. As a filmmaker, I believe we are not the owners of our children but only mediums chosen to bring them into this world. Every child is a unique creation of God, blessed with their own skills. Our duty as parents is to nurture those gifts and give children wings of support, trust, and love—not chains that hold them back.” — Sujoy Mukherjee 7. JASWANDA: “We are truly grateful for JASWANDA to be recognised among the Top 10 Short Films at DPIFF. It is an honour when a festival of such scale acknowledges our work. We believe simple stories can enrich lives, and this film was made with complete heart and conviction. We are proud of the journey, and our greatest joy will be when it reaches more people through this prestigious platform, touching lives and spreading smiles through cinema.” — Team Jaswanda 8. JIJIVISHA: “Being selected among the Top 10 Short Films at DPIFF 2025 is an incredible honour. Jijivisha is a story of hope and resilience, and seeing it recognised on such a prestigious platform is deeply fulfilling. My filmmaking journey has always been about giving voice to emotions and stories that inspire. This recognition celebrates our team’s hard work and strengthens my belief in cinema’s power to connect, heal, and create change, sharing meaningful Indian stories with the world.” — Abhishek Loknar 9. KANMASHI: “I am deeply honoured that my short film Kanmashi has been selected among the Top 10 at the prestigious Dadasaheb Phalke International Film Festival 2025. This milestone reaffirms my belief in the power of storytelling and the value of creative exploration. Such recognition inspires me to pursue meaningful cinema with greater conviction. I am truly grateful to the festival for this honour, which I see not only as encouragement but also as a responsibility to create impactful films.” — Anjali Mukundam 10. NIGHT QUEEN: “It is deeply humbling for Night Queen to be named among the Top 10 Short Films at DPIFF 2025. Lakshmi’s story is one of quiet courage — the strength to live one’s truth even when society resists. I made this film hoping it would touch a few hearts, and this recognition shows it has reached much further. For that, I am truly grateful and encouraged to continue telling stories that give voice to resilience and authenticity.” — Naireeta Dasgupta These finalists were shortlisted through a rigorous process from the Top 100 → Top 50 → Top 21 → Top 10, reflecting months of evaluation and curation by the esteemed DPIFF jury panel. As Global Platform for Independent Cinema, DPIFF has earned its reputation as a cultural institution and cinematic benchmark, giving a platform to budding, independent filmmakers and global storytellers who dare to challenge conventions and reimagine the art of filmmaking. The shortlisted films will premiere at the DPIFF 2025 Short Film Screening Gala - the grand opening of the Dadasaheb Phalke International Film Festival Awards in Mumbai. The evaluation process will be conducted by Consulate Generals representing global cinema, Members of the DPIFF Advisory Board, Film Delegates and senior representatives from the Indian and international film fraternity. Recognition at the Grand Award Ceremony The filmmakers will not only gain recognition on a global platform but also compete for prestigious awards and cash prizes: • Best Short Film Award and Cash Prize of ₹1,00,000 • 1st Runner-Up – ₹15,000 + Memento • 2nd Runner-Up – ₹10,000 + Memento • 3rd Runner-Up – ₹5,000 + Memento The winners will be felicitated at the DPIFF 2025 Award Ceremony, an evening that will bring together the biggest stars of Indian cinema, international delegates, dignitaries, and cultural leaders, all under one unified emblem – one united roof. A Word from DPIFF CEO Abhishek Mishra Speaking on the announcement, Abhishek Mishra, CEO of DPIFF, said: "The journey of these short films from thousands of submissions to the Top 10 is a testament to the incredible power of storytelling that independent filmmakers bring to the global stage. At DPIFF, we see it as our responsibility to not only recognize cinematic brilliance but also to carry forward the legacy of Indian cinema by providing these voices with a global platform. The 2025 edition is set to be a grand celebration of creativity, culture, and cinema that inspires generations to come." About the Dadasaheb Phalke International Film Festival Dadasaheb Phalke International Film Festival (DPIFF) is a tribute to Late Shri Dhundiraj Govind Phalke, fondly remembered as the Father of Indian Cinema. Since its inception, DPIFF has grown into a globally recognized platform, followed by millions of cinephiles, filmmakers, and industry leaders with its telecast across 90+ countries. Each year, DPIFF brings together the Indian Film Industry, Television Industry, and International Film Fraternity to celebrate excellence across formats — from mainstream cinema to independent short films. With its prestige, credibility, and cultural relevance, DPIFF is widely regarded as India’s Most Prestigious Film Festival & Award Ceremony. Entries for Short Film Nominations are Live for the prestigious Dadasaheb Phalke International Film Festival 2026, Submit your Short Film at https://dpiff.in/nomination/ (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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