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August 20, 2026
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Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
August 19, 2026
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Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
August 19, 2026
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MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
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Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
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Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
August 19, 2026
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Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
August 19, 2026
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Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
August 19, 2026
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Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
August 19, 2026
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Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
August 19, 2026
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International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
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Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
August 19, 2026
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Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
August 19, 2026
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AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
August 19, 2026
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Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.

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New ​T​echnologies needed to solve ​S​anitation and ​S​olid ​W​aste ​M​anagement issues in India : Shri Bindeshwar Pathak

June 1, 2018

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New ​T​echnologies needed to solve ​S​anitation and ​S​olid ​W​aste ​M​anagement issues in India : Shri Bindeshwar Pathak

Two day Thematic Seminar on “Water and Sanitation” concludes in Pune.

Legendary inventor and founder of the internationally recognised

 ​''​Sulabh International​''​, Shri Bindeshwar Pathak said that new technologies are the need of the hour to deal with the issues of sanitation and solid waste management in India.

Shri. Pathak  was  making his remarks as the Lead Speaker at the Valedictory Session of the two-day Thematic Seminar on ‘Water and Sanitation’ which concluded here today in Pune, Maharashtra. Shri Bindeshwar Pathak said, “First we have to decide about technology because 2.3 billion people have no access to water. Today number of Tier 1 cities is 498. They have sewage treatment capacity of 11553.68 MLD which is just 32% of total sewage generation. And the number is even more troubling in tier 2 cities.”

Speaking further on the occasion, Shri Pathak dwelt on his invention of the two-pit pour flush toilet system which is now being further developed and promoted by the Government .He explained its various benefits in view of the diverse nature and high density of population in India.

This was the 7th Thematic Seminar in the series as a lead-up event to the 3rd Annual Meeting of the Asian Infrastructure Investment Bank (AIIB)’s which is being hosted by India in last week of June 2018 in Mumbai. The Seminar was being organised by the Ministry of Finance, Government of India in collaboration with Research and Information System for Developing Countries (RIS) as Knowledge Partner in partnership with Federation of Indian Chambers of Commerce and Industry (FICCI) and Mahratta Chamber of Commerce Industries and Agriculture (MCCIA). The AIIB is a new Multilateral Development Bank with more than 80 member countries headquartered in Beijing. India is the second largest shareholder after China and is keen to leverage this platform to provide leadership on future infrastructure for an Asian Century and also leverage the portfolio of the AIIB to finance its selected infrastructure initiatives.

Shri S.T. Devare, Chairman, Research Advisory Council, Research and Information System for Developing Countries (RIS) , and Shri Deepak Mukhi , Sabyasachi Saha were present among others at the Valedictory Session on the second day here in Pune today .  

During the two-day long Seminar, leading experts and academicians opined that while India was making significant strides in Water and Sanitation sector, what needed was a holistic and integrated approach as well as creating public awareness and change in their mind set to have larger public participation in sustainability of outcomes.

Earlier in the Session, Dr. Sabyasachi Saha, Assistant Professor, RIS, gave a detailed Report based on the discussions held during the two day seminar. He said, "Water and Sanitation is mother of all infrastructure. Government is taking robust measures to provide piped water to households" 

Following are the Key Outcomes and Policy Recommendations of the two day Seminar on “Water and Sanitation”:

User Charges for Water and Water Tariff: It has been argued that people are ready to pay for quality services and due to water scarcity and water quality issues people are in any case paying coping charges. Poor do not benefit from low user charges. They end up paying much more to vendors. So, operational cost recovery is a feasible objective. The modalities of this are being worked out. It was suggested that non-revenue water supply in cities have to be significantly reduced.

Institutional Provisions: Water is a State subject in India, which comes in the way of comprehensive national planning and programme in this sector. It was suggested that a fresh look on the subject may be necessary to effectively address issues of watershed management, and regulation.

Watershed Management and Water-intensity of Agriculture: It was pointed out that river-linking initiatives are misnomer, and the correct approach should be linking of water basins and sources of surface water for sustainable water management. It was also highlighted that due to poor understanding and planning several water scarce states end up having water intensive cropping patterns; case in point is Punjab.  On the other hand as an encouraging example it was highlightedthat Chhattisgarh discourages rice production during Rabi season and subsidizes wheat production.

Private Sector Participation: Interventions in these sectors and utilities in most cases are publicly funded. However, given the nature of challenges the private sector can be a source of innovation and solutions. It is generally perceived that it is difficult for the private sector to invest in water and sanitation. The range of issues includes tendering process, revenue/tariff risk and lack of focus on issues of water quality beyond flow and supply. The successful cases of PPP models in water supply from Manila and Nagpur were discussed in detail. In Nagpur sewage water is being recycled for non-potable use in the industry. It was suggested that the DBO contracts have to be effective. Right incentives for recycling and waste segregation have to be provided to tackle the challenges of landfill. Decentralized solutions and use of technology for water supply and sanitation have been strongly advocated.

Other Highlights of the Proceedings

In terms of better management of water – water footprint assessment of the private industry could be adopted. Moreover, significant R&D is required in areas like scenario building software to inform policymakers and citizens of the implications of different patterns of water use. This would improve the response from both.

Urban areas mostly source water from water basins located at a distance. This has significant cost implications. In order to keep these basins recharged and free from contamination, interventions in terms of industrial waste management and reduction of fertilizer use have to be adopted. This has social and political implications.

Conservation of water is equally important for ecological balance and protection of species. Water wastage through modern but perceivably misguided household purification devices and bottled water supply, needs fresh examination and mitigation.

It was highlighted that 498 Class I cities in India had treatment plants with average of only 32 percent of treatment and 225 Class II cities have treatment plants with a further poor average of 8 percent of treatment of the total waste generated. To improve the situation, decentralized waste management may be promoted.

  • There has been a call made to reduce food waste, plastic usage and general reduction of waste through public awareness.
  • Use of bio-toilets by the Indian Railway is a best practice and a success story from India in terms of timelines and coverage. Such decentralized waste management technologies can be adopted by urban housing societies as well.
  • Finally, there is a need to improve spatial data generation by use of technologies for effective planning and monitoring for water and  sanitation.

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