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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
    Show AI Summary
    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
    Show AI Summary
    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
    Show AI Summary
    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
    Show AI Summary
    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
    August 5, 2026
    Show AI Summary
    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
    Show AI Summary
    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
    Show AI Summary
    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
    Show AI Summary
    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
    Show AI Summary
    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.

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      Autope Launches First of Its Kind Smart Lockers with Mumbai Metro One Across 12 Metro Station in Mumbai; Set to Redefine Daily Commutes and Urban E-Commerce Logistics

      November 25, 2025

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      Mumbai, Maharashtra, India – Business Wire India • Expected to impact approx. 5,00,000 commuters with 996 smart lockers across 12 Mumbai Metro stations. • Leveraging Autope's proven network of 25,000 lockers across 250 Delhi Metro stations. • A strategic step towards integrated urban mobility and India's 'One Nation One App' vision. Autope Payment Solutions Ltd, a fintech company enabling seamless digital payments and services for India’s mass transit ecosystems, today announced the successful launch of its innovative Smart Locker system across 12 Mumbai Metro One stations. The first of its kind initiative, in collaboration with Mumbai Metro One, introduces over 996 state-of-the-art digital lockers to the city's transit network. This comprehensive smart locker deployment marks a significant leap towards revolutionising daily commute convenience, last-mile logistics, and e-commerce delivery for approx. 5 Lakh commuters. These lockers offer more than just secure storage; they represent a crucial link in the future of urban mobility, empowering efficient e-commerce deliveries, enhancing first and last-mile connectivity in logistics and ultimately, making door-to-door logistics more efficient and sustainable for the modern city dweller. Autope is currently in discussion with major e-commerce players in India to further enhance these services. This expansion into Mumbai represents another significant milestone in Autope’s strategic plan to scale smart mobility infrastructure across India, building partnership with Mumbai Metro One. Autope is committed to fostering deep integration of transit operations with payments technology and leveraging data analytics for improved efficiency and passenger experience across the nation. "Our core mission at Autope is to bridge the gap between transportation and financial technology, creating seamless, integrated experiences for urban commuters across India," said Mr. Anurag Bajpai, Founder & Managing Director, Autope Payment Solutions Ltd. "The launch of over 996 Smart Lockers across 12 Mumbai Metro One stations is a pivotal moment in this vision. Building on the robust success and learnings from our Delhi Metro deployment, we are thrilled to bring this advanced, first-of-its-kind solution to Mumbai." Mr. Bajpai further elaborated on the broader vision, stating, "We foresee a future where commuters enjoy unparalleled convenience, with smart lockers serving as vital hubs for package delivery and secure storage within the transit ecosystem. This not only optimizes e-commerce logistics but also significantly reduces congestion and emissions, contributing to a greener, smarter city. Autope is also actively exploring opportunities to extend this successful model to mass transit systems outside of India, envisioning a truly global impact for smart, connected transit solutions." Mr. Shyamantak Choudhury, CEO, Mumbai Metro One, said, “We are delighted to partner with AutoPe to bring smart-locker services to our metro stations. This initiative is yet another step in our journey to modernise Mumbai Metro Line-1 and elevate the everyday experience of our commuters. By enabling commuters to travel lighter and with added peace of mind, we are strengthening our vision of a convenient, tech-enabled and future-ready urban mobility ecosystem for Mumbai.” The Autope Smart Lockers are designed to integrate seamlessly into the bustling metro ecosystem, offering a host of features and benefits for commuters and urban stakeholders: Key Features: • Digital Access: Commuters can conveniently access lockers via a user-friendly app, SMS, or QR code scanning, providing a modern and secure interface. • Multiple Locker Sizes: Available in two main variations: smaller compartments (approx. 5 Kg capacity) and medium compartments (approx. 10 Kg capacity), suitable for parcels, groceries, or personal items. • Affordable & Flexible Use: A flat fee of INR 20 per hour for small boxes and INR 30 per hour for medium lockers ensures accessibility for all commuters. • Secure & Monitored: Ensuring peace of mind, the lockers are equipped with 24x7 CCTV surveillance and OTP-based authentication for secure item drop-off and retrieval. • Versatile Use Cases: Ideal for temporary storage, secure e-commerce and courier deliveries, supporting middle-mile logistics and even brand sampling within transit hubs. Benefits for Commuters and the Urban Ecosystem: • Enhanced Passenger Convenience: Enables metro users to effortlessly pick up online orders or securely store personal belongings while travelling, significantly improving their daily experience and saving time. • Sustainability: By consolidating deliveries at metro stations, the Smart Lockers contribute to lowering last-mile emissions, promoting greener urban logistics and reducing urban traffic congestion. • Brand Engagement: Creates a visible, high-footfall touchpoint for retail and delivery partners, fostering new commercial opportunities within the metro's ecosystem. • Improved Commuter Experience: Further enhances the metro's ecosystem of services, making public transport an even more attractive, efficient, and integrated option for citizens. Autope's proven track record of innovation and scale is best exemplified by its success with the Delhi Metro. There, Autope has managed smart lockers across 250 stations, totalling 25,000 lockers, for over 1.5 years. Autope's technology also powers the Delhi Metro Sarathi app, integrating smart lockers, digital screens at metro stations, last-mile connectivity solutions, and newer versions of ticketing, demonstrating its deep expertise in high-volume, mission-critical transit environments. Autope's robust, transit-optimized payment infrastructure, which underpins the Smart Locker system, ensures secure, real-time transactions and seamless integration with the broader mobility network. This initiative aligns perfectly with India's broader smart city initiatives and the "One Nation One App" vision, demonstrating Autope’s capability to deliver scalable, interoperable solutions for high-volume, mission-critical environments. While plans to cover all other metro lines in Mumbai are not yet finalized, this successful launch across 12 stations lays robust groundwork for future expansion and integrated urban solutions. Building on its successful projects with the Delhi Metro, Autope is actively expanding its other offerings, which include advanced ticketing solutions, last-mile connectivity, innovations in payments, and non-fare revenue solutions, to other metros across India and beyond, showcasing its capability to deliver scalable, interoperable solutions for future urban mobility. About Autope Payment Solutions Ltd Autope Payment Solutions Ltd. is a fintech company enabling seamless digital payments and services for India’s mass transit ecosystems. Operating at the intersection of mobility and finance, Autope powers app-based ticketing, fare collection, and wallet integration across metro and public transport systems. Its transit-optimized payment gateway and APIs support multimodal connectivity, digital commerce, and smart city mobility initiatives. Partnering with metro corporations and IRCTC, Autope is shaping the future of urban mobility through secure, interoperable, and sustainable payment infrastructure. Website: Autope Payment Solutions | Leading FinTech Software Solutions Company in India About Mumbai Metro One We at Mumbai Metro One are committed to deliver world-class commuter experience. As the inaugural Metro line in Mumbai, we have transformed the commuter experience nationwide. The substantial increase in ridership can be credited to our unwavering commitment by offering safety, security, cleanliness, reliability and comfort to our valued commuters. With a customer-centric approach and adherence to world-class standards, Mumbai Metro One has emerged as the preferred choice for commuters, advertising brands and retail partners. We express gratitude to Mumbaikars for their ongoing patronage and steadfast support in reaching these significant milestones. Website: www.reliancemumbaimetro.com To View the Image, Click on the Link Below: Metro smart lockers launched to offer commuters secure, quick, and convenient storage and pick up solutions.

      (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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