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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
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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
    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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      Asian Chemicals Forum 2025 Convenes in Mumbai to Shape the Future of Chemical Regulation and Sustainability

      September 24, 2025

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      The Asian Chemicals Forum (ACF) 2025, Asia’s premier platform for regulatory dialogue and sustainable chemical management, is set to take place on October 8–9, 2025, at the ITC Maratha in Mumbai. Jointly organized by the Regulatory Representatives and Managers Association (RRMA) and the Helsinki Chemicals Forum (HCF), with Global Product Compliance (GPC) as the principal sponsor, will bring together a global confluence of government regulators, industry leaders, NGOs, and academics. The forum is dedicated to fostering in-depth dialogues on chemical safety management, regulatory compliance, and sustainable practices across Asia and beyond. As the principal sponsor, it will gather a global confluence of government regulators, industry leaders, NGOs, and academics. The forum is dedicated to fostering in-depth dialogue on chemical safety management, regulatory compliance, and sustainable practices across Asia and beyond. A Forum for Action, Not Just Dialogue Building on the success of its inaugural 2023 event, ACF 2025 will provide a unique forum for in-depth exchange on chemical safety management, compliance, and sustainability practices. With global regulations evolving rapidly, the conference is designed to help businesses, regulators, and stakeholders anticipate change and drive responsible growth within the industry. ACF 2025 will address the most pressing issues facing the chemical industry through carefully selected themes. Attendees will gain exclusive insights from the Key themes • Global Regulatory Impacts on the Asian Market • Challenges and Opportunities for the Chemicals Sector • GHS Developments and Their Implications on the Asian Market • Global Framework on Chemicals Targets and Indicators Event Highlights Delegates will benefit from a dynamic two-day program, featuring • Keynote speeches from international experts at UNEP, OECD, and ECHA. • Expert-led panel discussions with government policymakers and business leaders tackling major industry challenges. • CEO Roundtable on building sustainable chemical portfolios. • Compliance Expo Asia 2025 is an exhibition showcasing cutting-edge innovations in compliance services and sustainability solutions. • RRMA Annual Gathering and training, offering in-depth regulatory knowledge sharing and capacity building. Why Attend ACF 2025? ACF 2025 is a must-attend event for professionals aiming to stay at the forefront of chemical regulation and sustainability. Attendees will • Engage directly with global experts and regulatory authorities from Asia and Europe. • Explore cutting-edge innovations for chemical risk management and compliance. • Gain exclusive insights into upcoming regulatory trends and sustainability practices. • Network with policy leaders, CEOs, and industry pioneers through dedicated sessions and exhibitions. • Position their company as a leader through speaking, sponsorship, and exhibition opportunities. "ACF 2025 is more than a conference; it's a catalyst for collaboration and change," the organizers state. "We are curating an essential dialogue to help the industry navigate evolving regulations and drive responsible chemical management forward. This forum is the best opportunity to get ahead of policy shifts, ensure compliance, and position your organization for sustainable growth." Featured International Speakers ACF 2025 will host global leaders from UNEP, OECD, ECHA, UNITAR, BASF, University of Copenhagen, Ministry of Environment Japan, Peking University, FSSC, and the Chemical Industries Association of the Philippines, among others. Confirmed speakers include • Geert Dancet (RRMA & Founding Executive Director, ECHA) • Jacqueline Alvarez (UNEP) • Bob Diderich and Eeva Leinala (OECD) • Oliver Wootton (UNITAR) • Joonas Alaranta (ECHA) • Agnes Lau (BASF, Singapore) • Nadirah Binti Mohamad (DOSHA, Malaysia) • Albert A. Samuela (Chemical Industries Association, Philippines) • Xenia Trier (University of Copenhagen, Denmark) • Dr. Koki Takaki (Ministry of Environment, Japan) • Dr. Jianguo Liu (Peking University, China) • Ante Batinic (FSSC 24000) Distinguished National Speakers India’s leadership in regulatory science, academia, and industry will be represented by • Dr. Ekta Kapoor (GLP Authority India) • Shikhar Jain (CII) • Dr. Nadeem Khan and Dr. Abhay Deshpande (JRF) • Dr. Satish Wagh (CHEMEXCIL) • Anil Jauhri (RRMA) • Ravi Kapoor (ICC Sustainability Committee) • Ramkumar Shankar (Sanmar Group) • Dr. Vishal Choudhary (Office of the Principal Scientific Adviser – PMO) • Chintan Joshi (TATA Chemicals) • Rupark Sarswat (India Glycols Ltd) • Sagar Kaushik (UPL) • Dr. Sudha Kannan (Aditya Birla) • Satish Sinha (Toxics Link) • Dr. K. Patel (IIT Roorkee) • Dr. Shalini Singh (SABIC)​ ACF 2023: Building Momentum The Asian Chemicals Forum 2023, held on September 5–6 at the India Habitat Centre in New Delhi, marked a significant milestone for the region’s chemical industry. The hybrid event drew more than 250 global professionals, regulators, and industry leaders, creating a powerful platform for dialogue on chemical safety, the UN Framework, and the management of PFAS. With its combination of expert-led panels, focused regulatory training, and high-level networking, ACF 2023 set a new benchmark for collaboration and knowledge exchange in the sector. The event’s success firmly established the Forum as a landmark gathering shaping the future of chemical management across Asia and beyond. Looking Ahead: ACF 2025 Building on this momentum, ACF 2025 in Mumbai is poised to expand both its scope and impact. The upcoming edition will bring together an even larger international community of regulators, policymakers, business leaders, NGOs, and academics, making it the most comprehensive event yet on chemical regulation and sustainability in Asia. With a sharper focus on emerging regulatory frameworks, global sustainability goals, and cross-sector collaboration, ACF 2025 aims to set the agenda for the future of responsible chemical management in the region. Registration and Sponsorship Secure your participation at ACF 2025 today. Explore sponsorship and exhibition opportunities to showcase your leadership in compliance and sustainability. Visit our registration page to reserve your place. About ACF and Organizers The Asian Chemicals Forum (ACF) is jointly organized by the Regulatory Representatives & Managers Association (RRMA) and Helsinki Chemicals Forum (HCF). GPC serves as the knowledge partner and principal sponsor. Building on the success of ACF 2023, the Forum continues to provide a leading platform for dialogue, regulatory harmonization, and sustainable industry practices across Asia and beyond. The ACF conference covers a wide range of topics related to safe chemical use management and will engage 25+ expert speakers from governmental departments, industry leaders, NGOs, and academics from key regions and countries in Asia, Europe, and the USA. Organizers and Partners Joint Organizers • Regulatory Representatives & Managers Association (RRMA) • Helsinki Chemicals Forum (HCF) Knowledge Partner & Principal Sponsor • Global Product Compliance (GPC) Industry Association Partner • Indian Chemical Council (ICC) Institutional Partner • Research and Information System for Developing Countries (RIS) Export Promotion Partner • CHEMEXCIL Media Associate • Enhesa Program Partners • OECD • ECHA (European Chemicals Agency) • European Commission • UNEP (United Nations Environment Programme) • UNITAR (United Nations Institute for Training and Research) Supporting Organizations • United Nations • World Health Organization (WHO) • International Labour Organization (ILO) Trade Association Partner • Indo-American Chamber of Commerce (IACC) (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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