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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
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
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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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The Torchbearers: Leading with Purpose and Passion

January 27, 2026

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CHANDIGARH, India, Jan. 27, 2026 /PRNewswire/ -- Kiteskraft Productions LLP proudly presents The Torchbearers: Leading with Purpose and Passion. Beyond conventional roles, they stand as mentors and change-makers, inspiring ethical leadership, creativity, and social responsibility. Through visionary impact and community engagement, they shape progress and leave a lasting legacy for future generations. Dr. Sushant Rajput: Dr. Sushant Rajput is a senior business leader, award-winning author, TEDx speaker, and mentor, recognised for driving business growth at the intersection of strategy, execution, and human potential. Currently Vice President at eClerx Services Ltd., he brings over two decades of leadership experience across IT services, financial markets, and digital transformation. His career reflects a belief in purposeful reinvention, moving beyond linear paths to create scalable impact while nurturing people, culture, and long-term value. He has enabled growth initiatives, strengthened organisational capabilities, and translated complex market dynamics into sustainable outcomes. Alongside his corporate role, he is an Amazon bestselling author of I Wish Someone Told Me This Before My First Job and Mindful Momentum, promoting clarity, consistency, and mindful leadership. As a visiting faculty member and mentor, he bridges corporate practice with academic learning, earning honours from the University of Oxford for thought leadership and student development, globally recognized. Daman Derling: Daman Derling, mult. h.c., is a globally respected authority in mantra, yajna, tantra, and astrology, with over 25 years of dedicated practice in ancient metaphysical sciences. Known for integrating timeless Eastern wisdom with modern leadership and consciousness studies, he has guided individuals, institutions, and global organizations toward clarity, balance, and purposeful transformation. A trusted advisor to world leaders, entrepreneurs, and public figures, his work is valued for its authenticity, precision, and measurable impact. Beyond spiritual guidance, his influence extends to global policy and cultural advocacy through his role as a Board Member of the World Cultural and Environmental Commission, where he champions cultural preservation, ecological harmony, and social well-being. His journey has been featured across India Today, Business Today, Forbes, Times of India, Hindustan Times, The CEO Magazine, Dailyhunt, and Google News. Honored with global leadership, international excellence, spiritual impact, and cultural ambassador awards, Daman Derling stands as beacon. Dr. Ganesh Reddy: Dr. Ganesh Reddy is a dynamic edupreneur, purpose-driven institution architect, and emerging fiction author creating impact at the intersection of education, entrepreneurship, and social development. An accomplished academic and mentor, he will make his literary debut with a fiction novel releasing in February 2026, reflecting his lifelong passion for storytelling and creative expression. As a pioneering education leader, Dr. Reddy heads a rapidly expanding school franchise network across India, committed to delivering future-ready learning grounded in innovation, ethics, and strong value systems. His model nurtures confident learners while empowering educators and partners to build sustainable ecosystems of excellence. Extending his vision beyond education, he is entering the healthcare sector with a mission to improve accessibility, raise quality benchmarks, and promote ethical service delivery. This expansion reflects his belief that lasting progress emerges from purpose-driven institutions. Balancing enterprise with creativity, Dr. Ganesh Reddy blends leadership and imagination with lasting impact. Dr. Sanjeev Kumar: In an era of fleeting digital narratives, Dr. Sanjeev Kumar stands as a leading voice restoring depth and purpose to modern Hindi literature. Rising from rural Uttar Pradesh to national and global platforms, his journey reflects disciplined scholarship and unwavering cultural conviction. With more than 283 published books spanning literature, children's writing, and authoritative legal works, he ranks among India's most prolific contemporary authors. His revival of Prabandh Kavya has reintroduced classical epic poetry to modern audiences, blending tradition with present-day relevance. His contributions to children's literature further nurture values, imagination, and cultural awareness among young readers. Beyond literature, his engagement with legal scholarship and work connected to the Supreme Court of India reveal a rare synthesis of intellectual rigor and ethical responsibility. As founder of Vama Academy and BPA Foundation, he remains deeply committed to education and social empowerment. Dr. Sanjeev Kumar is an institution shaping India's future. Prof. Dr. Anshuman Naik: Prof. Dr. Anshuman Naik, MBBS, MD, offers online consultation via WhatsApp (9556477997) for diabetes, obesity, post-menopausal syndrome, PCOD, and thyroid disorders. Widely known as the "True Enemy of Diabetes" and a one-man army against metabolic disorders, Dr. Naik holds a Diploma in Endocrinology and Diabetes and is a Fellow of Diabetes India, the Euro-Asian Academy of Clinical Diabetology, and the Indian Society of Chronomedicine. He has also completed the Advanced Management of Diabetes and Related Disorders program from Harvard Medical School. Over the past decade, Dr. Naik has treated more than one lakh people with diabetes using an integrative approach focused on yoga, exercise, home-based nutrition, and minimal medication. In 2012, he established Sweet Life Diabetes Care & Research Center in the tribal district of Sundergarh, Odisha. His contributions have earned multiple accolades, including the Best Diabetologist Award conferred by the Governor of Maharashtra for outstanding service and impact. Dr. Abhijeet Kumar Shrivastaw: Dr. Abhijeet Kumar Shrivastaw is a visionary technology leader and social changemaker working at the intersection of innovation, education, and community development. Founder and Director of Abhinnovation Technologies Pvt. Ltd., Tech Q Labs LLP and Abhinnovation media and entertainment he has pioneered secure, scalable, future-ready online examination and EdTech solutions that enhance efficiency, transparency, and reliability for institutions. With over a decade of experience, he has delivered high-impact projects for government, defence, and private organizations, earning recognition for strategic leadership and operational excellence. His platforms have benefited thousands of institutions and learners across India, redefining digital assessment ecosystems. Equally significant is his commitment to social service. Actively associated with human rights and youth organizations, he leads initiatives focused on education access, community welfare, and inclusive development, reflecting leadership rooted in purpose and compassion. His contributions have been widely recognized through features in Forbes India, India Today, Business Today, CEO Magazine, and Times of India. Hotel Amber Palace : Hotel Amber Palace, the globally recognized hospitality brand associated with Chinese cinema-linked actor and entrepreneur Dev Raturi, has marked its India debut with the launch of its first project in Gurugram. Located in Sector 14, the hotel was formally inaugurated by Gurugram MLA Mukesh Sharma, who attended as the chief guest. Praising the visionary leadership of Founder & CEO Dev Raturi, the MLA highlighted his achievement of building China's largest chain of Indian cultural restaurants and bringing that international expertise back to India. The launch was attended by over 100 distinguished guests from across the country, who appreciated the hotel's premium ambience and modern facilities. Hotel Amber Palace offers 36 premium rooms, a state-of-the-art banquet hall, and a rooftop garden restaurant serving authentic Indian and Chinese cuisine. Designed for business travelers, families, corporate events, and social gatherings, Amber Palace aims to become a new premium hospitality destination in Gurugram. Dr. Balakrishna S. Maddodi: Dr. Balakrishna S. Maddodi is an eminent professor at Manipal Institute of Technology and a widely respected academician, researcher, and environmental advocate. He is a recipient of the prestigious Udupi Zilla Rajyotsava Award for planting more than 5,000 saplings and successfully replanting ten mature trees, reflecting his deep commitment to ecological restoration. His academic contributions include publishing numerous research papers on environmental sustainability and education, authoring three books on Earth science and geology, and developing curricula for environmental studies and sustainability programs. As a member of the State Expert Appraisal Committee (SEAC), Government of India, Dr. Maddodi has guided and evaluated multiple projects focused on environmental conservation and community development. Actively engaged in social service, he works with several NGOs dedicated to sustainability initiatives. He has organized beach clean-up drives and awareness programs across Coastal Karnataka, collaborating with government agencies to inspire environmental responsibility among young minds. Globally recognized. Dr. Gaurav Sagar Bhaskar: In a world driven by titles and applause, Dr. Gaurav Sagar Bhaskar chooses a quieter yet deeper path, leading with empathy, humility, and purpose. With over two decades of experience, he defines success not by numbers, but by the lives he uplifts and the hope he inspires. As General Secretary of the MLB Foundation, he works tirelessly at the grassroots, advancing education, elder dignity, and community empowerment. A strong believer that "old is gold," he actively champions respect for senior citizens, rebuilding intergenerational bonds through awareness and action. His contributions to education through Vivekananda World School & Vivekananda Junior reflect a commitment to excellence built patiently and sustainably. He further amplified local voices by launching Ferozepur's first Community Radio Station, strengthening civic connection. From medical camps and relief initiatives to preserving culture through the All India Mushaira, Dr. Bhaskar leads from the front, quietly but powerfully changing lives and shaping a more compassionate society. By establishing Barbados-A Resort in the border town of Ferozepur, he brought world-class, state-of-the-art hospitality to the region. Mr. Deepak Sharma: Partywalaz has emerged as a global benchmark in NRI wedding catering, where food represents trust, hygiene, and flawless execution. Led by Deepak Sharma, the brand specializes in destination and NRI weddings, delivering refined culinary experiences that meet international expectations while preserving the authentic essence of Indian cuisine. Over the last five years, Partywalaz has successfully catered 240+ NRI weddings, serving Indian-origin families from the USA, Europe, Australia, and France, reflecting its premium positioning and reliability. Known for its "hygiene over quantity" philosophy, the company follows stringent kitchen protocols, disciplined service standards, and premium ingredient sourcing—qualities valued by globally travelled clients. Partywalaz is trusted across iconic wedding destinations such as Jaipur, Jodhpur, Udaipur, and Pushkar, where precision is paramount. With expertise in cross-cultural preferences and destination logistics, Partywalaz ensures seamless celebrations. For NRI families seeking elegance, safety, and unforgettable taste, Partywalaz stands as a global symbol of trust. Kiteskraft Productions LLP, founded in 2019, is a leading organizer of national and international conferences and award ceremonies across education, business, healthcare, NGOs, and entertainment. ISO and MSME certified, it recognizes excellence, fosters collaboration, and delivers impactful events. Recognized by the Scholar's Book of World Records. Photo: https://mma.prnewswire.com/media/2870367/The_Torchbearers.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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