Article 110
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Current affairsRBI Monetary Policy August 2026: Repo Rate Held at 5.25% for Fourth Consecutive Time, GDP Growth Forecast Raised to 6.7%The Reserve Bank of India's Monetary Policy Committee (MPC), at its August 3–5, 2026 meeting, unanimously kept the repo rate unchanged at 5.25% for the fourth consecutive time, retained its neutral stance, and raised India's FY27 GDP growth forecast from 6.6% to 6.7% while lowering the CPI inflation projection to 5.0%. Governor Sanjay Malhotra cited the need for greater clarity on the inflation trajectory before any rate action. Current affairsTaxation and Other Laws (Amendment) Bill, 2026: Parliament Grants Tax Exemptions to FIIs, Diamond Traders, Data Centres and Investment FundsParliament has passed the Taxation and Other Laws (Amendment) Bill, 2026 — cleared by Lok Sabha on 6 August and Rajya Sabha on 10 August — replacing an Ordinance issued on 5 June 2026. The Bill grants income-tax exemptions to Foreign Institutional Investors (FIIs) and the Bank for International Settlements (BIS) on government securities, extends incentives for diamond and electronics manufacturing, removes restrictions on offshore investment funds, and expands data-centre tax benefits.