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    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
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    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
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    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
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August 8, 2026
Show AI Summary
Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
August 8, 2026
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Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
August 8, 2026
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Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
August 8, 2026
Show AI Summary
Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
August 8, 2026
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Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
August 8, 2026
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Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
August 8, 2026
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Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
August 7, 2026
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Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
August 7, 2026
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Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
August 7, 2026
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Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
August 7, 2026
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Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
August 7, 2026
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BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
August 7, 2026
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Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
August 7, 2026
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Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
August 7, 2026
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Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
August 7, 2026
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Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
August 7, 2026
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Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
August 7, 2026
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Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
August 7, 2026
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Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
August 7, 2026
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Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.

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Customs, DGFT & SEZ

Lokpal Bill government’s top priority,will be introduced in Lok Sabha in first three days: Session begins on Aug.1

July 29, 2011

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Press Information Bureau
Government of India
Ministry of Parliamentary Affairs

29-July-2011 14:35 IST

Lokpal Bill government’s top priority,will be introduced in Lok Sabha in first three days: Session begins on Aug.1

The Union Parliamentary Affairs Minister Shri P K Bansal has said that The Lokpal Bill 2011 will be introduced in Lok Sabha by Aug.3. Speaking to the Media at the Parliament house the Minister said that the government has prepared a comprehensive Lokpal bill for the consideration and passing by both houses of Parliament.

The Monsoon Session, 2011 of Parliament (8th Session of Fifteenth Lok Sabha and the 223rd Session of the Rajya Sabha) is scheduled to commence on Monday, the 1st of August, 2011 and subject to exigencies of Government Business, the Session will conclude on Thursday, the 8th of September, 2011. The Session will provide 26 sittings spread over a period of 39 days.   

The Session will mainly be devoted to essential Government legislative and other business, including financial business relating to Supplementary Demands for Grants for the year 2011-12 in respect of Railway and General Budgets.

To finalise the Government Business for the Monsoon Session, 2011, Minister of Parliamentary Affairs and Water Resources took a meeting with the Secretaries/Senior Officers of the various Ministries/Departments on Monday, the 25th of July, 2011.  The Ministers of State in the Ministry of Parliamentary Affairs co-chaired the meeting. During the meeting, 71 items (2 Bills for Introduction, Consideration and Passing, 35 Bills for Consideration and Passing, 32 Bills for Introduction and 2 Financial Business) were identified for being taken up during the Monsoon Session. This includes two Bills in replacement of two Ordinances. A list of Bills identified to be taken up during the 8th  Session of  Fifteenth  Lok Sabha and the 223rd Session of Rajya Sabha is as under:-

I – Bills for Introduction, Consideration and Passing

1.

The Indian Medical Council (Amendment) Bill, 2011 – To replace an Ordinance

2.

The Indian Institute of Information Technology, Design and Manufacturing, Kancheepuram Bill, 2011– To replace an Ordinance

II – Bills for Consideration and Passing

1

The Seeds Bill, 2004.

2.

The Constitution (One Hundred and Eleventh Amendment) Bill, 2009.

3.

The Pesticides Management Bill, 2008.

4.

The Company Secretaries (Amendment) Bill, 2010.

5.

The Chartered Accountants (Amendment) Bill, 2010.

6.

The Cost and Works Accountants (Amendment) Bill, 2010.

7.

The National Commission for Heritage Sites Bill, 2009.

8.

The State Bank of India (Subsidiary Banks Laws) Amendment Bill, 2009.

9.

The Coinage Bill, 2011, as passed by Lok Sabha

10

The Jawaharlal Institute of Post Graduate Medical Education and Research, Pudducherry (Amendment) Bill, 2010.

11.

The Transplantation of Human Organs (Amendment) Bill, 2009.

12

The National Institute of Mental Health and Neurosciences, Bangalore, Bill, 2010.

13.

The New Delhi Municipal Council (Amendment) Bill, 2010.

14.

The Orissa (Alteration of Name) Bill, 2011 (as returned by Rajya Sabha with amendments)

15.

The Constitution (One Hundred Thirteenth  Amendment) Bill, 2011 (as returned by Rajya Sabha with amendments)

16.

The Central Educational Institutions (Reservation in Admission) Amendment Bill, 2010.

17.

The Educational Tribunals Bill, 2010.(as passed by Lok Sabha)

18.

The Institute of Technology (Amendment) Bill, 2011. (as passed by Lok Sabha)

19.

The Architects (Amendment) Bill, 2010.

20.

The National Institute of Technology (Amendment) Bill, 2010

21.

The Copyright (Amendment) Bill, 2010.

22.

 The Right of Children to Free and Compulsory Education (Amendment) Bill, 2010.

23.

 The National Council for Teacher Education (Amendment) Bill, 2010.

24.

The Prasar Bharati (Broadcasting Corporation of India) Amendment Bill, 2010.

25.

The Constitution (One Hundred and Fourteenth Amendment) Bill, 2010.

26.

The Constitution (One Hundred and Eighth Amendment) Bill, 2010. (as passed by Rajya Sabha)

27.

The Commercial Division of High Courts Bill, 2009. (as passed by Lok Sabha)

28.

The Constitution (One Hundred and Tenth Amendment) Bill, 2009.

29

The Constitution (One Hundred and Twelfth Amendment) Bill, 2009.

30.

The Petroleum and Minerals Pipelines (Acquisition of Right to User in Land) Amendment Bill, 2010.

31.

The Railway Property (Unlawful Possession) Amendment Bill, 2008.

32.

The Academy of Scientific and Innovative Research Bill, 2010.

33.

The Juvenile Justice (Care and Protection of Children) Amendment Bill, 2010.

34,

The Chemical Wepons Convention (Amendment) Bill, 2010.

35.

The Motor Vehicles (Amendment) Bill, 2007.

 III – Bills for Introduction

1.     

The Lokpal Bill, 2011.

2.     

The National Food Security Bill, 2011.

3.     

The Narcotic Drugs and Psychotropic Substances (Amendment) Bill, 2011.

4.     

The Prevention of Money Laundering (Amendment) Bill, 2011

5.     

The Benami Transactions (Prohibition) Bill, 2011

6.     

The Constitution (Scheduled Tribes) Order (Amendment) Bill, 2011.

7.     

The Indecent Representation of Women (Prohibition)   Amendment Bill, 2011

8.     

The Agriculture Bio-Security Bill, 2011.

9.     

The Nuclear Regulatory Authority Bill, 2011

10.                        

The Biotechnology Regulatory Authority of India Bill, 2011.

11.                        

The Regional Centre for Biotechnology Bill, 2011.

12.                        

The Electronic Service Delivery Bill, 2011.

13.                        

The Warehousing Corporation (Amendment) Bill, 2011.

14.                        

The Companies (Amendment) Bill, 2011.

15.                        

The Wildlife (Protection) Amendment Bill, 2011.

16.                        

The Indian Stamp (Amendment) Bill, 2011

17.                        

The National Commission for Human Resources for Health Bill, 2011

18.                        

The Customs Law (Amendment and Validation) Bill, 2011

19.                        

The Boarder Security Force (Amendment) Bill, 2011

20.                        

The National Academic Depository (Amendment) Bill, 2011.

21.                        

The National Council for Higher Education and Research Bill, 2011

22.                        

The Universities for Innovation Bill, 2011

23.                        

The Press and Registration of Books and Publications Bill, 2010

24.                        

The Inter State Migrant Workmen [Regulation of Employment & Conditions of Service] (Amendment) Bill, 2011.

25.                        

The Administrator’s General (Amendment) Bill, 2011

26.                        

The Mines and Minerals (Development and Regulation) Bill, 2011.

27.                        

The Emigration Management Bill, 2011

28.                        

The Damodar Valley Corporation (Amendment) Bill, 2011

29.                        

The Passengers Security Bill, 2011

30.                        

The Rajiv Gandhi National Institute of Youth Development Bill, 2011

31.                        

The National Sports Development Bill, 2011

32.                        

Bill relating to Land Acquisition, Rehabilitation and Resettlement.

IV – Financial Business

 

 

1.

Discussion and Voting on First Supplementary Demands for Grants (General) for the year 2011-2012.

2

Discussion and Voting on Supplementary Demands for Grants (Railways) for 2011-12.

*****

DK

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