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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
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    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
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    August 5, 2026
    Show AI Summary
    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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      Transforming Visual Content with AI: The Impact of Watermark Removal and Video Background Removal

      December 16, 2025

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      In today’s digital landscape, content creation has become an essential part of personal communication and business strategy. Whether someone is sharing a short video on social media, producing educational material, or building a brand identity, visual content carries the power to influence how messages are perceived. Clean, polished, and distraction-free visuals have become a standard expectation among viewers, raising the importance of tools that enhance clarity and remove unwanted elements. Among these tools, AI logo remover from Video and AI remove background from video stand out for their ability to improve quality while reducing the amount of manual labor required from creators. Together, these tools represent a major shift in how people produce and refine visual content. They make professional-looking results accessible to anyone, regardless of experience or equipment, and they allow creators to focus on storytelling instead of editing complexities.

      What a Watermark Remover Really Does Understanding the Purpose of Watermark Removal Watermarks exist for a reason. They protect ownership, identify brands, or mark drafts of visual content before final use. However, there are many cases where a watermark becomes an obstacle. A timestamp might spoil the aesthetics of an old family video, a logo may interfere with a design layout, or a text overlay could obstruct important parts of an image. When creators want to repurpose footage for personal, educational, or internal business use, removing the watermark becomes essential.

      A watermark remover provides the ability to erase these elements without damaging the rest of the image or video. It does so by reconstructing what should appear beneath the watermark. Unlike older manual techniques that involved patching, cloning, or carefully blending pixels by hand, AI-driven removers analyze the content holistically. They fill in the missing area in a way that mimics the original texture, lighting, and depth.

      How AI Recreates Missing Visual Information Artificial intelligence has changed the way watermark removal works. When a user uploads their content, the AI identifies the watermark’s shape and boundaries. It then studies the surrounding pixels to understand the environment—textures, shadows, gradients, edges, and even movement in the case of video. Using this information, the AI predicts what the underlying clean version should look like.

      In videos, this process grows even more impressive. The AI compares multiple frames before and after the watermark’s presence. By watching how objects move and how lighting shifts, it reconstructs a new sequence of pixels across all frames, ensuring the removed watermark doesn’t produce flickering or inconsistencies. This ability to interpret and rebuild scenes dynamically results in clean, natural-looking footage.

      How Users Interact with a Watermark Remover The user experience of removing a watermark is intentionally simple. Someone uploads their file, highlights the watermark if needed, and lets the AI handle the rest. Within moments, the tool provides a refined version of the image or video. This workflow is accessible even to users who have never edited media before.

      There is no specialized software to download, no manual frame-by-frame editing, and no steep learning curve. The ease of use is one of the strongest advantages of AI watermark removal, making it suitable for casual users, creators, and professionals alike.

      Why Individuals Benefit from Removing Watermarks For individuals, watermark removal often enhances personal memories and creative projects. Old photographs and camcorder footage frequently contain timestamps embedded directly into the picture. These marks may have been useful decades ago, but they can feel distracting today. Removing them restores the original moment in a cleaner, more timeless form.

      Aspiring creators also benefit from watermark removal. When filming tutorials, vlogs, or travel videos, they may accidentally export drafts with editing software watermarks. Instead of repeating the entire editing process, the watermark is removed in seconds. This efficiency allows individuals to stay focused on producing new content instead of reworking old files.

      Another valuable use is in artistic or school projects. Students can clean media for presentations, and hobbyists can refine footage for digital art without needing advanced editing skills.

      How Watermark Removal Supports Businesses Businesses rely on polished visuals to maintain professionalism. When preparing internal pitches, product demos, or training materials, watermarks can distract from the message. AI watermark removal allows teams to quickly refine assets before sharing them with colleagues or clients.

      Marketing departments benefit even more. During the early planning stage of campaigns, teams often use watermarked stock footage for layout testing. Removing watermarks allows them to preview edits without distraction before purchasing the final licensed version. This helps them make better design decisions and speeds up the creative process.

      Even small businesses benefit from removing watermarks. Local brands producing ads for social media can clean their visuals to create an impression of high production value, even when working with limited resources.

      Exploring the Video Background Remover Why Backgrounds Matter in Video Editing A video’s background plays a major role in how viewers perceive the subject. A cluttered room, inconsistent lighting, or distracting objects can shift attention away from the intended message. Not every creator has access to a professional studio or a perfectly staged environment, which is why video background removal has become a crucial editing tool.

      A video background remover isolates the subject from the surrounding environment, allowing the user to erase, replace, or blur the background entirely. This process eliminates distractions and helps maintain aesthetic consistency across multiple clips, making it extremely valuable for creators, professionals, and businesses alike.

      How AI Segments Video Subjects Accurately AI video background removers use advanced segmentation models to analyze each frame of a video. These models identify the subject’s outline, map body movements, detect hair and clothing details, and recognize environmental elements that belong to the background. Once the subject is detected, the AI separates them from the environment and tracks their motion as the video plays.

      Because the AI understands how the subject shifts through space, it maintains clean edges and prevents flickering or drifting. Even in fast-moving videos, the system preserves the natural motion of the subject while removing the unwanted background. The result is a clean, polished cutout ready for any creative application.

      Using a Video Background Remover in Practice The workflow is simple: the user uploads their video, selects the option to remove or replace the background, and waits while the AI processes the file. After removal, the background can be replaced with solid colors, custom images, branded designs, or transparent layers suitable for compositing.

      The entire process is completed online, without the need for advanced software or green-screen setups. This level of accessibility opens the door for anyone to produce professional-looking videos from home, the office, or even while traveling.

      How Individuals Benefit from Background Removal Individuals use background removal for a wide range of personal and creative purposes. Social media creators often want videos that look clean and consistent, regardless of where they were filmed. By removing the background, they can instantly create a polished and cohesive aesthetic.

      People creating educational content or video resumes also benefit. Instead of filming in a crowded or unprofessional environment, they can place themselves in a simple, elegant backdrop that suits the message. This flexibility reduces anxiety about finding the perfect filming location and helps creators focus on delivering quality content.

      Background removal also enhances personal projects, such as family videos, digital scrapbooks, or creative short films, allowing users to bring imaginative ideas to life without needing elaborate setups.

      How Businesses Benefit from Background Removal Businesses rely on video to engage customers, communicate with staff, and promote their brand. A clean background helps ensure that the subject remains the center of attention. Companies use background removal to create product showcases, explainer videos, onboarding materials, and ads without requiring a physical studio.

      Sales teams record custom video presentations with branded backgrounds tailored to different clients. Marketing teams reuse clips across platforms by swapping out environments to fit each campaign theme. Remote employees maintain a professional appearance during virtual meetings by replacing distracting backgrounds with company-approved visuals.

      The convenience and flexibility of AI-powered background removal reduce production costs and accelerate content creation timelines, making it an essential tool for modern businesses.

      Where Watermark Removal and Background Removal Converge Although watermark removal and background removal solve different types of problems, using both tools together creates a powerful editing workflow. A video might contain logos, timestamps, or text overlays that distract from the subject. At the same time, the background may not suit the creator’s intended purpose. By removing both, users can produce refined visuals that are visually appealing, brand-ready, and highly adaptable.

      Businesses can refresh older content by cleaning watermarks and replacing outdated backgrounds. Content creators can transform imperfect footage into high-quality material suitable for posting or monetization. Educators can upgrade their video lessons with clearer visuals and more relevant environments. The ability to refine both the foreground and background gives users unprecedented control over the final appearance of their content.

      Conclusion The rise of watermark removers and video background removers represents a major advancement in digital editing technology. These tools remove long-standing barriers that once limited creators, streamlining the process of producing clean, professional, and engaging visual content. By reconstructing missing details and isolating subjects with precision, AI empowers individuals and businesses to work smarter and more creatively.

      Personal users gain the ability to restore memories, craft compelling social media content, and experiment with new ideas without technical challenges. Businesses benefit from faster production cycles, consistent branding, and higher-quality communication materials. As AI technology continues to evolve, these tools will become even more powerful, offering greater accuracy and more intuitive features.

      Watermark removal and background removal are no longer specialized techniques—they are essential components of modern visual storytelling. With AI behind them, creators at every level can transform their media into polished, professional-grade content with ease.

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

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