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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
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    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
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    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
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August 5, 2026
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Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
August 5, 2026
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Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
August 5, 2026
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Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
August 5, 2026
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Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
August 5, 2026
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Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
August 5, 2026
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Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
August 5, 2026
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Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
August 5, 2026
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Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
August 5, 2026
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Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
August 5, 2026
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Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
August 5, 2026
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Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
August 5, 2026
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Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
August 5, 2026
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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.

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Leadership Beyond Boundaries: India's Visionaries Driving Multi-Sector Transformation

January 5, 2026

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CHANDIGARH, India, Jan. 5, 2026 /PRNewswire/ -- Kiteskraft Productions LLP proudly celebrates ten distinguished personalities whose leadership, creativity, and influence are shaping India's dynamic growth story across diverse domains. From visionary business leaders and trailblazing entrepreneurs to social activists, filmmakers, designers, sports professionals, infrastructure pioneers, and accomplished writers, these changemakers represent the spirit of a new India driven by purpose and progress. Each honoree has carved a unique path—building enterprises, transforming communities, redefining creative expression, strengthening infrastructure, promoting sportsmanship, and contributing powerful ideas through the written word. Their journeys reflect resilience, innovation, and a deep commitment to nation-building. Together, they embody a growing movement of excellence that transcends industries, inspires future generations, and lays the foundation for sustainable and inclusive development. Dr. Luv Bhardwaj: Dr. Luv Bhardwaj stands as a distinguished example of ethical entrepreneurship and service-oriented leadership in contemporary India. A graduate in Political Science from Ramjas College, he began his journey in the export sector with the founding of Rangoli Export in 1994, laying the foundation for a business philosophy rooted in integrity and purpose. Over the years, he expanded into FMCG, early-childhood education, and legal services through ventures such as Richfield Industries, Udgam Pre School, and Vista Law Partners. His work reflects a belief that enterprise must balance growth with empathy and cultural values. Honoured with an Honorary Doctorate and global excellence awards, he continues to inspire through service, mentorship, and his forthcoming book Dharmachar, which translates timeless Indian wisdom for modern leadership. Apong Gyadi Taniang: Apong Gyadi Flago, also known as Taniang, is regarded as one of Arunachal Pradesh's most influential emerging leaders, admired for her work as a social activist, philanthropist, entrepreneur, and community advocate. As Vice President of Nyishi Nyem Acham, she has actively advanced grassroots development, women's empowerment, and social justice initiatives across the state. Her notable philanthropy includes donating 20,000 square meters of land for a Christian Mission School to support underprivileged children. Deeply committed to women's welfare, she mobilized widow support funds, providing financial assistance and dignity to vulnerable families. She is a vocal supporter of the #JusticeForTaduHaro movement and became the first individual in Arunachal Pradesh to adopt a hornbill, highlighting her dedication to conservation. Her impactful contributions. V Rajagopal: IEFS PARIS, the internationally acclaimed film production house with a strong presence across India, France, and the United Kingdom, has announced a historic global action feature poised to redefine Indian cinema worldwide. Founded by veteran industry professional V. Rajagopal, the studio achieves a landmark first as the project becomes the first Indian feature film to secure the Indo–China Co-Production Film Permit Certificate, enabling direct theatrical release in Mainland China and opening an unprecedented global distribution corridor. Creative development is led by internationally celebrated filmmaker Alex Rodriguez of Money Heist fame, while direction is helmed by legendary Hong Kong–Chinese filmmaker Mr. Herman Yau, whose career spans over 80 iconic films. The film unites leading stars from India, China, and key global markets, supported by world-class international technicians. Backed by a massive production budget and bold vision, it will release simultaneously across more than 40,000 screens worldwide, marking a defining moment. Mohd Akram Khan: Founded in 2018, A.K. Projects has emerged as a symbol of excellence in interior and exterior design, delivering end-to-end solutions across Mumbai and Uttar Pradesh. Driven by a passion for design and uncompromising quality, the firm transforms ordinary spaces into elegant, functional, and inspiring environments. Specializing in residential, commercial, and corporate interiors, it offers comprehensive services including civil execution, space planning, custom furniture, electrical works, POP, painting, HVAC, and project management. Each assignment is thoughtfully conceptualized and meticulously executed by a skilled professional team, ensuring superior craftsmanship and timely delivery. What truly differentiates A.K. Projects is its client-centric approach, seamlessly blending creativity with practicality while offering cost-effective solutions without compromising standards. Guided by a clear vision of innovation and reliability. Master J. S. Krithvik Arya: A Young Prodigy Redefining Early-Age Sports Excellence in India Master J. S. Krithvik Arya, a five-year-old sporting prodigy from Tamil Nadu, is rapidly emerging as one of India's youngest and most inspiring athletes. Introduced to the ancient martial art of Silambam at just three, he quickly showcased exceptional discipline, focus, and technical skill far beyond his age. His dedication has earned him multiple district and state-level accolades, along with the prestigious 'Best Young Silambam Performer of the Year' award by Kiteskraft Production. Alongside martial arts, Krithvik has impressed trainers with his passion for Marathon running, displaying remarkable stamina and mental resilience. Supported by devoted parents and expert coaching, he is becoming a symbol of early-age sports excellence, inspiring renewed interest in traditional Indian sports and motivating young aspirants nationwide. Rajdeep Bhattacharya: Rajdeep Bhattacharya is a distinguished leader in India's infrastructure sector, with over three decades of experience spanning metro rail, highways, industrial, marine, and nuclear projects. A seasoned civil engineer and strategic executive, he is widely respected for combining technical excellence with strong business and governance acumen. Currently serving as Chief Project Officer at Leap India Foods & Logistics Ltd., he leads a ₹3,000+ crore project portfolio with a focus on sustainability, ESG integration, and operational excellence. His career includes senior roles at Maharashtra Metro Rail Corporation, AECOM, Larsen & Toubro, JKumar Infraprojects, and Gammon India. An alumnus of IIM, XLRI, and KPMG, and a certified PMP and Independent Director, he continues to shape India's infrastructure future with vision, precision, and purpose. Srinivasulu Dhanala : Founded in 2024 by Srinivasulu Dhanala, Microgreens De Manikonda (MGM) reflects Hyderabad's growing movement toward clean, conscious, and sustainable nutrition. What began as a personal initiative to access dependable, chemical-free food has rapidly evolved into one of India's largest controlled indoor microgreens farms, expanding from 80 square feet to 2,700 square feet within a short span. Operating in a soil-free and chemical-free environment, MGM cultivates over 25 varieties of nutrient-rich microgreens, harvesting strictly against confirmed orders to ensure peak freshness and nutritional integrity. Trusted by households, restaurants, dieticians, and fitness enthusiasts, the brand is known for its transparency and consistency. Beyond cultivation, MGM promotes nutrition awareness through workshops, podcasts, and guided farm visits, reinforcing its commitment to healthier urban lifestyles. Dr. Rakesh Kumar Sinha: Dr. Rakesh Kumar Sinha is a distinguished leader in India's industrial and business excellence landscape, widely respected for advancing operational efficiency, quality systems, and organizational transformation. Currently President of Thrive India and former Chief Operating Officer of Confidence Petroleum India Limited, he brings over three decades of cross-industry leadership experience. His career spans operations management, multi-plant manufacturing, project execution, and integrated management systems across energy, engineering, packaging, and manufacturing sectors. Known for aligning profitability with sustainability, he has driven record productivity improvements and successful large-scale expansions nationwide. A Doctorate holder in Business Excellence and a Six Sigma Master Black Belt, he continues to guide organizations through strategic governance, talent development, and continuous improvement, shaping a future-ready industrial ecosystem nationwide. Dr. Masanipalli Peramandlu: Dr. Masanipalli Peramandlu, a Hyderabad-based real estate entrepreneur, exemplifies rare, fully self-sponsored social leadership in India. For over 17 years, every initiative of the Chatrapathi Shivaji Foundation in Bibipet, Kamareddy, has been funded solely from his personal earnings, inspired by his late mother Masanipalli Suvarnamma's philosophy of selfless service. His initiatives span healthcare, education, environment, culture, spirituality, sports, and women's empowerment. A free ambulance service has saved over 1,000 lives, while long-term efforts include education support for orphaned girls, sanitation facilities, water camps, libraries, skill-training centers, and large-scale environmental drives. Nationally recognized with prestigious awards, his journey reflects leadership where success is defined not by wealth accumulated, but by lives transformed across communities, inspiring responsible citizenship and sustainable development. Mr. Vikram Kamrendra Singh: Prof. Dr. Madan Chandra Karan is a renowned educationist and internationally acclaimed writer whose contributions to literature and academia have earned global recognition. With academic credentials including MA, MPhil, PhD, and multiple honorary D.Litt titles, he is widely respected for his scholarly depth and creative excellence. Writing fluently in Bengali, Hindi, and English, he has authored several acclaimed works such as Jannater Samsar, Madan Manjari, The Communalism and Counter Communalism, Adrishya Pira, and The Unseen Agony. His writings reflect strong human values, social consciousness, and cultural harmony, many of which have been translated into other languages. Honored with prestigious national and international awards from India, the UK, USA, Germany, and Bangladesh, he continues to inspire readers, scholars, and students worldwide. About Kiteskraft Productions LLP Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: https://mma.prnewswire.com/media/2854191/Leadership_Beyond_Boundaries.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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