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    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
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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
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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
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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
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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
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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
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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
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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.
August 4, 2026
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Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
August 4, 2026
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Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
August 4, 2026
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Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.

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Corp. Laws / SEBI / IBC

eVoting Is Mandatory in Associations via an STQC-Certified and MCA-Approved eVoting Agency Like Right2Vote

October 30, 2025

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Mumbai, Maharashtra, India – Business Wire India It is widely known that the Ministry of Corporate Affairs (MCA), Government of India, has made it mandatory for listed companies to provide eVoting facility to their shareholders via an eVoting agency certified by the Standardisation Testing and Quality Certification (STQC) Directorate, Ministry of Electronics and Information Technology (MeitY), Government of India. However, very few people are aware that the same regulation requires all associations registered as a company, with more than 1000 members, to provide eVoting facilities to their members via a STQC-certified eVoting agency. This regulation also applies to not-for-profit associations structured as Section 8 (formerly Chapter 25 under the Companies Act 1956) companies. Many associations in India are not aware of this regulation and are not providing eVoting facilities to their members. This is a clear violation of the law, and these associations and their management committee can be held liable for penalties and punishment. Not providing eVoting facilities to members amounts to a denial of the right to vote to members. The objective of the said regulation is to protect the rights of small and marginal members and ensure that the organisation is run democratically. It aims to ensure that a few members are not able to monopolise the management of the organisation. If an association uses an eVoting agency which is not approved by MCA, the election would be considered invalid (void ab initio). This can lead to legal problems for the management committee and the association. Beware of fraudulent agencies which claim to be STQC certified There are a few fraudulent eVoting agencies in India which use the STQC logo without permission on their website; they fake a Cert-in empanelled agency certificate as an STQC certificate. There is another kind of fraudulent eVoting agency who have just done OWASP top 10 security testing, and has a certificate only for OWASP top 10 from STQC, but represents that they are a STQC-approved eVoting agency. It should be noted that an STQC-approved eVoting agency has to go through testing on more than 500 parameters, which include GIGW parameters, MCA parameters, Functional Testing, Security Testing, OWSAP top 10 testing, Cloud, network and application security testing, and VAPT testing. How to differentiate between approved agencies from fraudulent agencies The STQC website mentions the list of eVoting agencies tested and certified by them, the most prominent being Right2Vote. Also, after the STQC certificate, MCA issues an approval letter to such agencies. To avoid being defrauded by such fraudulent eVoting agencies, check the STQC website and also check for the MCA approval letter. Right2Vote Vs Others Although a couple of central securities depositories (CDS) are also certified by STQC and approved by MCA, the best eVoting agency for association elections in India is Right2Vote. Right2Vote is the best eVoting software for association elections due to the following reasons: 1. Features-rich and customizable: These central securities depositories’ eVoting platform was created for shareholder voting and has features suited for shareholder voting only. Right2Vote’s eVoting platform provides many advanced security and transparency features, including Secret Ballot, Audit Trail, Voter Receipt, Two-Factor Authentication, Team/Committee Elections, Weighted Votes, Candidate picture on the ballot page, Face Recognition and Voter Selfie. The election can be customised based on the nature of the election and the requirements of the specific association. 2. 24*7*365 support: Right2Vote provides 24*7*365 support for creating and managing elections. Even urgent requirements or last-minute requirements for eVoting are accommodated by Right2Vote. 3. Manages more than 3000 elections every year across sectors: The Right2Vote platform is flexible and feature-rich, enabling the management of 600 different kinds of elections. Right2Vote has been conducting eVoting for more than 10 years and manages more than 3000 elections every year across Trade Associations, Professional Associations, Resident Welfare Associations (RWA), Not-For-Profit Associations, Employee Associations, Companies, Cooperatives, Colleges, Clubs, Unions, Societies, Trusts, NGOs, etc. 4. Certified by STQC and approved by MCA three times in the last 7 years: Right2Vote platform has been certified, tested and approved by STQC, MeitY and MCA, not once but 3 times in 7 years. The most recent is in 2025. MCA requires the testing and certification to be renewed every three years. 5. Real Secret Ballot: Many elections, especially management committee elections in an association, require a Secret Ballot. A Secret Ballot is required, as without it, there is a risk of coercion. Candidates might trouble voters if they discover the voter's voting choice. Most eVoting platforms do not have a true secret ballot feature. They store the individual vote preference data on their system. They claim a secret ballot via encryption. However, encrypted data can be decrypted by the management of the voting agency. Right2Vote is the only agency that offers a true secret ballot. In Right2Vote, the individual voter's vote preference is not stored in the system, and therefore, there is no chance of any leakage or coercion. 6. Cloud-hosted and secure: Right2Vote offers a cloud-hosted eVoting platform which is 100% secure. Cloud-based redundancy ensures that data is secure even in the case of climatic disasters or other disasters. Right2Vote is tested and certified by Cert-in empanelled agency for cloud security, network security, application security and Vulnerability Assessment and Penetration Testing (VAPT). 7. Awards: Right2Vote has been awarded for its eVoting technology by Microsoft, Facebook, IIT Bombay, IIM Calcutta, NASSCOM and many others The said regulation does not make eVoting mandatory for associations with fewer than 1000 members and associations not registered as companies. However, it is recommended for all associations to provide eVoting facilities to their members to ensure wider participation and protection of minority rights. Also, it is in the interest of all associations to conduct eVoting only via an STQC-certified and MCA-approved eVoting agency like Right2Vote to ensure accuracy, higher participation, 100% security and transparent elections. Providing eVoting facility to members increases member participation substantially, leading to more democratic results. To View the Image, Click on the Link Below: Right2Vote is a STQC certified and MCA approved eVoting Software for associations (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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