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    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
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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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January 5, 2026

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New Delhi, Jan 5 (PTI) Following are the top stories at 9 pm: NATION DEL42 LD ALL SC-DELHI RIOTS (7.28 PM)

Delhi riots: SC denies bail to Umar Khalid, Sharjeel Imam; Umar says this is his life now New Delhi: The Supreme Court on Monday refused bail to activists Umar Khalid and Sharjeel Imam in the 2020 Delhi riots conspiracy case but granted it to five others, citing "hierarchy of participation" and putting the two on a “qualitatively different footing”.

DEL39 OPPN-UMAR-LD SHARJEEL (6.54 PM)

Oppn questions denial of bail to Umar, Sharjeel; flags Gurmeet Ram Rahim's 15th parole New Delhi: Opposition leaders on Monday raised questions over the Supreme Court denying bail to activists Umar Khalid and Sharjeel Imam in the 2020 Delhi riots conspiracy case, while pointing out that rape convict Dera Sacha Sauda chief Gurmeet Ram Rahim has been repeatedly granted parole.

DEL47 MEA-INDIA-IRAN-ADVISORY (8.17 PM)

India urges citizens to avoid non-essential travel to Iran New Delhi: India on Monday urged its nationals to avoid non-essential travel to Iran as the country has been rocked by a wave of protests over inflation and currency devaluation.

DEL45 VENEZUELA-CONG (7.36 PM)

US' unilateral actions in Venezuela transgressed settled principles of international law: Cong New Delhi: The Congress expressed grave concern on Monday over the US' unilateral actions in Venezuela, saying those transgressed settled principles of international law.

DEL43 BJP-LD DELHI RIOTS (7.31 PM)

Cong must apologise for supporting 'tukde-tukde gang': BJP on SC's denial of bail to Umar, Sharjeel New Delhi: The BJP on Monday said that the Supreme Court order denying bail to Umar Khalid and Sharjeel Imam in the 2020 Delhi riots conspiracy case is a "big slap" on the Congress' face and demanded that the opposition party apologise for supporting the "tukde-tukde gang".

CAL37 WB-MAMATA-4TH LD RALLY (8.29 PM)

Mamata to move court on Jan 6 against 'arbitrary' SIR, flags human suffering; BJP hits back Gangasagar: Chief Minister Mamata Banerjee on Monday said she would move court against the EC's SIR of electoral rolls in West Bengal, alleging fear, harassment and administrative arbitrariness that she claimed had led to deaths and hospitalisations, as she sharpened her confrontation with the poll body ahead of the assembly polls.

DEL46 DEF-ARMYCHIEF (7.58 PM)

Army Chief Gen Dwivedi holds talks with UAE's top commander New Delhi: Army Chief Gen Upendra Dwivedi on Monday held wide-ranging talks with Commander of the United Arab Emirates (UAE) Land Forces, Major General Yousef Maayouf Saeed Al Hallami, with a focus on expanding bilateral military cooperation.

CAL39 AS-2ND LD QUAKE (8.43 PM)

Three injured as 5.1-magnitude quake hits Assam Guwahati/Morigaon: At least three people were injured in an earthquake of 5.1 magnitude, which jolted central Assam in the early hours of Monday, officials said.

Minor damage was also caused to some houses in Morigaon district, they said.

MDS24 AP-2NDLD GAS LEAK (7.39 PM)

Gas leak at ONGC well in Andhra sparks inferno, four-km radius evacuated Mori (Andhra Pradesh): A gas leak at an ONGC well here in Dr BR Ambedkar Konaseema district operated by its production contractor sparked an inferno on Monday, leading to the evacuation of two villages within a four-km radius.

MDS22 ISRO-DEX-DUST (7.30 PM)

ISRO''s DEX detects interplanetary dust particles ''bombardment'' on earth Bengaluru: ISRO's maiden home-made dust detector instrument has detected interplanetary dust particles (IDP), which are "a cosmic invader striking every thousand seconds" on earth, the space agency said on Monday.

LEGAL LGD39 SC- 3RD LD DELHI RIOTS (8.30 PM)

Delhi riots case: SC says allegations against Umar, Sharjeel prima facie true, refuses bail; 5 others get relief New Delhi: Observing that reasonable grounds exist for believing that allegations against Umar Khalid and Sharjeel Imam are prima facie true, the Supreme Court on Monday refused bail to them in the 2020 Delhi riots conspiracy case but granted it to five others, saying all the accused do not stand on the same footing.

LGD 26 SC -DELHI RIOTS LD INVOLVEMENT (6.17 PM)

The Supreme Court on Monday said prosecution material suggests that activists Umar Khalid and Sharjeel Imam were involved in "planning, mobilisation and strategic direction" of the 2020 Delhi riots, as it denied them bail in the conspiracy case.

LGD35 SC-CUSTOMS DUTY (8.00 PM)

SC allows Adani Power's appeal, sets aside Gujarat HC order over levy of customs duty New Delhi: The Supreme Court on Monday set aside the Gujarat High Court's 2019 verdict which had declined to grant relief to Adani Power Limited over levy of customs duty on electrical energy generated in its power plant located in an SEZ and supplied to the domestic tariff area (DTA).

BUSINESS DEL33 BIZ-AIR INDIA-CEO (5.57 PM)

Tata Group looking for new chiefs for Air India, Air India Express Mumbai: The Tata Group has begun scouting for a suitable candidate to head Air India, as the tenure of the incumbent, Campbell Wilson, will end next year, sources have said.

DEL37 BIZ-TRAI-PESKYCALL (6.40 PM)

Trai imposes penalty worth Rs 150 cr on telecom operators for failure to curb spam calls, messages New Delhi: The telecom regulator Trai has imposed a penalty of Rs 150 crore on telecom operators for their failure to curb spam calls and messages, according to an official source.

FOREIGN FGN32 US-TRUMP-LD MODI (7.22 PM)

'Modi knew I wasn't happy': Trump on India's Russian oil purchases New York/Washington: US President Donald Trump has said that Prime Minister Narendra Modi knew "I was not happy" with India's purchases of Russian oil and that Washington could raise tariffs on New Delhi "very quickly." By Yoshita Singh

FGN27 CHINA-INDIA-VISA (6.18 PM)

India introduces new e-Business visa to facilitate easy travel for Chinese nationals Beijing: India has introduced an e-Production Investment Business Visa called e-B-4 Visa that Chinese businessmen can apply for to travel to India for specific business activities, including installation and commissioning of equipment. By K J M Varma

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