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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
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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
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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
    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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      OTM 2026, Asia's Leading Travel Show, Opens in Mumbai as India Becomes Global Tourism Powerhouse

      February 6, 2026

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      OTM, organised by Fairfest Media Limited, returns to Mumbai, bringing together global destinations, tourism ministers, hotels, airlines and the tourism ecosystem from 60+ countries MUMBAI, India, Feb. 6, 2026 /PRNewswire/ -- OTM 2026, Asia's leading travel trade show, officially opened today at the Jio World Convention Centre, Mumbai, bringing together the global travel and tourism ecosystem at a time when India has firmly emerged as one of the world's most strategically important outbound travel markets. Recognised by NielsenIQ as the Leading Travel Trade Show in India and Asia for two consecutive years, OTM 2026 is hosting over 2,200 exhibitors from more than 60 countries, with 45+ National Tourism Organisations participating and over 50,000 travel trade visitors and 1,000+ top travel industry professionals participating over the three days. With the increase in the number of exhibitors and visitors, OTM has become the most internationally diverse and largest event of its type ever organized in the region. Event Highlights • Exhibitor Showcase: Over 2,200 exhibitors from 60+ countries, representing national and state tourism boards, airlines, hotels and resorts, destination management companies, cruise operators, attractions, and travel technology providers. • Global Participation: Strong representation from Europe, Africa, Asia, the Middle East, the Americas and Oceania, including long-standing outbound markets and a growing number of emerging and experiential destinations engaging with India as a priority growth market. • High-Quality Buyer Access: More than 50,000 trade visitors, including 1,000+ hosted and VIP buyers, enabling focused B2B engagement across leisure, corporate travel, MICE, weddings and niche travel segments. • Structured Business Engagement: Over 50,000 pre-scheduled B2B meetings expected across the three days, reinforcing OTM's positioning as a platform built for measurable business outcomes. • Leadership & Knowledge Exchange: The OTM Forum brings together policymakers and senior industry leaders from across the global travel ecosystem, including executives from MakeMyTrip, Cleartrip, Thomas Cook India, SOTC Travel, Paytm, TBO.com, Google India, Deloitte, Reliance Industries, Aditya Birla Group, Godrej Industries, VFS Global, IHCL, and leading national tourism boards and airlines. Through a series of high-level panels and closed-door discussions, the Forum examines outbound travel growth, destination competitiveness, corporate travel evolution, distribution, marketing, technology, and the changing expectations of the Indian traveller. 'Unlocking EU–India Opportunities for Tourism and Hospitality' organised in collaboration with European institutional partners. The session brings together senior industry leaders including Rajeev Kale, President & Country Head, Thomas Cook India Ltd.; Anahita Avari, Head of Sales, South Asia, VFS Global; Aparna Chaturvedi, Country Head, Europamundo; and Delna Jasoomoney, Vice President - Travel Industry Sales, IHCL, and is moderated by Vijayata N. Raheja, COO, K Raheja Group. India moves to the centre of global destination strategy The inauguration of OTM 2026 marks a defining moment in the global travel industry's engagement with India. Once viewed primarily as an emerging market, India has now become a central growth market, driven by rising disposable incomes, expanding international connectivity, and a growing appetite for long-haul, experiential, and high-value travel. This shift is visibly reflected at OTM 2026, where destinations are engaging with India through high-value, long-term trade promotions. Inaugural programme sets the tone for OTM 2026 Day 1 of OTM 2026 commenced with the official inauguration of the exhibition, followed by a VIP walk-around and exhibitor interactions, leading into the flagship Inaugural Programme titled 'India Takes Its Place on the Global Travel Stage.' The show was inaugurated by Datuk Manoharan Periasamy, Chairman, Tourism Malaysia, Richard Duval, Minister of Tourism of Mauritius; H.E. Dato Sri Abdul Karim Rahman Hamzah, Minister for Tourism, Creative Industry and Performing Arts, Sarawak; and Hon. Prof. Ruwan Ranasinghe, Deputy Minister of Tourism, Sri Lanka, and was moderated by Tanya Khanijow. The afternoon programme included the CEOs' Lunch, followed by the panel 'India at 100 Million: The Global Race to Capture the Next Big Traveller Wave,' bringing together destination leaders Christian Schoch (Switzerland Tourism), Dinesh Burrenchobay (Mauritius Tourism Promotion Authority), Gary Hendricks-Dominguez (Cayman Islands Department of Tourism), Islom Ibragimov (Tourism Committee of Uzbekistan), Nuwal Fadhilah Binti Ku Azmi (Tourism Malaysia) and Sheetal Munshaw (Atout France). The day concluded with a market-focused discussion on demand and disruption in India's online travel market, featuring CXOs from Cleartrip, MakeMyTrip and Paytm Travel, moderated by Virendra Jain (VIDEC). Global destinations deepen engagement with India OTM 2026 features strong official participation from destinations across Europe, Africa, Asia, the Middle East, the Americas and Oceania. With nearly 50 global tourism boards officially participating at OTM, this edition reflects the deepest engagement the global tourism ecosystem has had in the subcontinent. Alongside long-standing outbound markets, several destinations that were once considered niche or aspirational for Indian travellers are now engaging with India as their next major growth market, with many participating exclusively at OTM 2026. Malaysia Airlines anchors aviation connectivity at OTM 2026 Reflecting on the critical role of aviation in unlocking outbound growth, OTM 2026 also features Malaysia Airlines as the Partner Airline, with a prominent presence at the exhibition. The airline is showcasing its network connectivity, premium offerings and India-focused travel solutions, reinforcing the importance of strong air links in supporting India's expanding global travel footprint and facilitating access to destinations across Southeast Asia and beyond. Several other leading airlines including Air India are participating in a major way. From exhibition floor to industry dialogue Beyond destination and airline participation, OTM 2026 continues to strengthen its positioning as a focused B2B market-access platform designed to deliver measurable business outcomes. The exhibition brings together leading hotels and resorts, destination management companies, cruise operators, travel technology providers and specialised travel segments, enabling structured engagement through pre-scheduled meetings, on-ground interactions and curated networking. Structured engagement remains central to the platform, with 50,000+ pre-scheduled B2B meetings expected over the three days, enabling targeted, outcome-driven conversations between exhibitors and buyers. As part of its broader international vision, Fairfest Media has recently expanded its global portfolio with the acquisition of WTE Miami, extending its market-access platform beyond Asia and strengthening the bridge between India, Asia and the Americas. What lies ahead over the next two days Across Days 2 and 3, the agenda moves into sharper, segment-led conversations spanning leisure demand, corporate travel, weddings, marketing and distribution. Day 2 examines changing Indian traveller motivations through 'Vibe Traveling – Aesthetics, Experiences and the New Indian Narrative,' and deep-dives into business mobility with 'Building India's Corporate Travel Ecosystem: A $20B Journey,' alongside a buyer-led session on what India's top corporate travel buyers expect from the industry today. The programme also expands into destination weddings through WeddingSutra Engage, and explores experience-led travel and commercial growth through sessions such as 'Live Tourism' and 'The Future of Travel Marketing: AI, Personalisation and Loyalty Shifts.' Day 3 turns the focus to distribution power and trade evolution through 'The New Power of the Intermediary'and 'Inside India's Travel Trade: What's Changed, What's Working, What's Next,' before concluding with the Valedictory and Awards Function. Commenting at the inauguration, Sanjiv Agarwal, Chairman & CEO, Fairfest Media Ltd., said, "OTM was created to reflect the reality of global travel today, where India is no longer an emerging opportunity but one of the most sought-after and strategic travel markets globally. The participation we see at OTM 2026, from established destinations to emerging and exotic ones, clearly demonstrates how the world is repositioning itself around the Indian traveller. OTM continues to serve as the leading travel show in Asia - one where this engagement takes shape in a focused, world-class setting." Over the three days, the Forum continues with a series of closed-door and open sessions examining outbound travel growth, destination strategy, aviation connectivity, corporate travel, emerging markets and the future of travel distribution. The detailed agenda is available at https://meetingdiary.otm.co.in/agenda?date=2026-02-06 Event Details OTM 2026 Dates: 5, 6 & 7 February 2026 Venue: Jio World Convention Centre, Mumbai Organiser: Fairfest Media About OTM and Fairfest Media: OTM is Asia's leading travel trade platform, connecting global travel suppliers with India and Asia's fastest-growing travel markets through large-scale exhibitions, curated buyer programmes and structured B2B engagement. OTM is organised by Fairfest Media. Founded in 1989, Fairfest Media is a global trade show organiser and media company, providing platforms for doing business in the world's fastest-growing markets. Fairfest recently acquired WTE Miami, the fastest-growing travel show in the United States, which will be held at the Miami Beach Convention Centre on the 27th and 28th of October, 2026. For more information, please visit: https://otm.co.in/. Media Contact: Tanya, [email protected] Photo: https://mma.prnewswire.com/media/2888530/Inauguration_Ceremony_at_OTM_2026.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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