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    Freedom to Spend Smarter: AU Small Finance Bank Credit Cards Bring Rewards, EMI Flexibility and Lounge Access to India''s Biggest Shopping Month
    Rupee falls 8 paise to 95.25 against US dollar in early trade
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    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
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    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
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August 10, 2026
Show AI Summary
Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
August 10, 2026
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Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
August 10, 2026
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GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
August 10, 2026
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Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
August 10, 2026
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UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
August 10, 2026
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Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
August 10, 2026
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Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
August 9, 2026
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Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
August 9, 2026
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GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
August 9, 2026
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Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
August 9, 2026
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Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
August 8, 2026
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Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
August 8, 2026
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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.
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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.

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NITI Aayog Releases SDG India Index and Dashboard 2020–21

June 3, 2021

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The third edition of the SDG India Index and Dashboard 2020–21 was released by NITI Aayog today. Since its inaugural launch in 2018, the index has been comprehensively documenting and ranking the progress made by States and Union Territories towards achieving the Sustainable Development Goals. Now in its third year, the index has become the primary tool for monitoring progress on the SDGs in the country and has simultaneously fostered competition among the States and Union Territories.

NITI  Aayog Vice Chairperson Dr Rajiv Kumar launched the report titled,SDG India Index and Dashboard 2020–21: Partnerships in the Decade of Action, in the presence of Dr Vinod Paul, Member (Health), NITI Aayog, Shri Amitabh Kant, CEO, NITI Aayog, and Ms.Sanyukta Samaddar,Adviser (SDGs), NITI Aayog. Designed and developed by NITI Aayog, the preparation of the index followed extensive consultations with the primary stakeholders-the States and Union Territories; the UN agencies led by United Nations in India;Ministry of Statistics and Programme Implementation (MoSPI), and the key Union Ministries.

“Our effort of monitoring SDGs through the SDG India Index & Dashboard continues to be widely noticed and applauded around the world. It remains a rare data-driven initiative to rank our States and Union Territories by computing a composite index on the SDGs. We are confident that it will remain a matter of aspiration and emulation and help propel monitoring efforts at the international level,”Dr. Rajiv Kumar, Vice Chairman, NITI Aayog said during the launch.

With one-third of the journey towards achieving the 2030 Agenda behind us, this edition of the index report focuses on the significance of partnerships as its theme. Shri Amitabh Kant, CEO, NITI Aayog said, “The report reflects on the partnerships we have built and strengthened during our SDG efforts. The narrative throws light on how collaborative initiatives can result in better outcomes and greater impacts.”

On thetheme of partnerships which is central to Goal 17, Dr. Vinod Paul, Member (Health), NITI Aayog, said,“It is clear that by working togetherwe can build a more resilient and sustainable future, where no one is left behind.”

“From covering 13 Goals with 62 indicators in its first edition in 2018, the third edition covers 16 Goals on 115 quantitative indicators, with a qualitative assessment on Goal 17, thereby reflecting our continuous efforts towards refining this important tool,” said Ms. Sanyukta Samaddar, Adviser (SDGs), NITI Aayog.

NITI Aayog has the twin mandate to oversee the adoption and monitoring of the SDGs in the country, and also promote competitive and cooperative federalism among States and UTs. The index represents the articulation of the comprehensive nature of the Global Goals under the 2030 Agenda while being attuned to the national priorities. The modular nature of the index has become a policy tool and a ready reckoner for gauging progress of States and UTs on the expansive nature of the Goals, including health, education, gender, economic growth, institutions, climate change and environment.

https://static.pib.gov.in/WriteReadData/userfiles/image/image001MLG2.jpg

From right to left: Dr Vinod Paul, Member (Health);Dr Rajiv Kumar,Vice Chairperson; Shri Amitabh Kant, CEO; and Ms. Sanyukta Samaddar, Adviser (SDGs), NITI Aayog

SDG India Index andDashboard 2020–21: An Introduction to the Third Edition

The SDG India Index 2020–21, developed in collaboration with the United Nations in India, tracks progress of all States and UTs on 115 indicators that are aligned to MoSPI’s National Indicator Framework (NIF). The initiative to refine and improve this important tool with each edition has been steered by the need to continuously benchmark performance and measure progress, and to account for the availability of latest SDG-related data on States and UTs. The process of selecting these 115 indicators included multiple consultations with Union Ministries. Feedback was sought from all States and UTs and as the essential stakeholder and audience of this localisation tool, they played a crucial role in shaping the index by enriching the feedback process with localised insights and experience from the ground.

The SDG India Index 2020–21 is more robust than the previous editions on account of wider coverage of targets and indicators with greater alignment with the NIF.The 115 indicators incorporate16 out of 17 SDGs, with a qualitative assessment on Goal 17,andcover 70 SDG targets. This is an improvement over the 2018–19 and 2019–20 editions of the index, which had utilised 62 indicators across 39 targets and 13 Goals, and 100 indicators across 54 targets and 16 Goals, respectively. 

https://static.pib.gov.in/WriteReadData/userfiles/image/image002V4Z4.jpg

The SDG India Index computes goal-wise scores on the 16 SDGs for each State and Union Territory. Overall State and UT scores are generated from goal-wise scores to measure aggregate performance of the sub-national unit based on its performance across the 16 SDGs. These scores range between 0–100, and if a State/UT achieves a score of 100, it signifies it has achieved the 2030 targets. The higher the score of a State/UT, the greater the distance to target achieved.

States and Union Territories are classified as below based on their SDG India Index score:

  • Aspirant: 0–49
  • Performer: 50–64
  • Front-Runner: 65–99
  • Achiever: 100

 

https://static.pib.gov.in/WriteReadData/userfiles/image/image003VG71.jpg

 

Overall Results and Findings

The country’s overall SDG score improved by 6 points-from 60 in 2019 to 66 in 2020–21. This positive stride towards achieving the targets is largely driven by exemplary country-wide performance in Goal 6 (Clean Water and Sanitation) and Goal 7(Affordable and Clean Energy), where the composite Goal scoresare 83 and 92, respectively.

Goal-wise India results, 2019–20 and 2020–21:

https://static.pib.gov.in/WriteReadData/userfiles/image/image004HSF4.jpg

The top-fiveand bottom-fiveStates in SDG India Index 2020–21:

https://static.pib.gov.in/WriteReadData/userfiles/image/image005FTTM.jpg

Performance and Ranking of States and UTs on SDGs 2020–21, including change in score from last year:

https://static.pib.gov.in/WriteReadData/userfiles/image/image006JTWS.jpg

https://static.pib.gov.in/WriteReadData/userfiles/image/image007XM1X.jpg

Mizoram, Haryana, and Uttarakhand are the top gainers in 2020–21in terms of improvement in score from 2019, with an increase of 12, 10 and 8 points, respectively.

Top Fast-Moving States (Score-Wise):

 

https://static.pib.gov.in/WriteReadData/userfiles/image/image0082BPP.jpg

While in 2019, ten States/UTs belonged to the category of Front-Runners (score in the range 65–99, including both) twelve more States/UTs find themselves in this category in 2020–21. Uttarakhand, Gujarat, Maharashtra, Mizoram, Punjab, Haryana, Tripura, Delhi, Lakshadweep, Andaman and Nicobar Islands, Jammu and Kashmir and Ladakh graduated to the category of Front-Runners (scores between 65 and 99, including both).

https://static.pib.gov.in/WriteReadData/userfiles/image/image009CVDV.jpg

https://static.pib.gov.in/WriteReadData/userfiles/image/image0105R60.jpghttps://static.pib.gov.in/WriteReadData/userfiles/image/image011PHAO.jpg

Asection of the SDG India Index report is dedicated to all the 36 Statesand UTs of the country. These State and UT profiles will be very useful for policymakers, scholars and the general public, to analyse the performance on the 115 indicators across all Goals.

Sample of a State/UT profile from the report:

https://static.pib.gov.in/WriteReadData/userfiles/image/image012R6JG.jpg

It is followed by a unique section on the progress on SDG localisation in States and Union Territories. It provides an update on the institutional structures, SDG vision documents, State and District Indicator Frameworks and other initiatives taken by the State and UT governments.

https://static.pib.gov.in/WriteReadData/userfiles/image/image013Y892.jpg

The SDG India Index2020–21 is also live on an online dashboard, which has cross-sectoral relevance across policy, civil society, business, and academia. The index is designed to function as a tool for focused policy dialogue, formulation and implementation through development actions,which are pegged to the globally recognisable metric of the SDG framework.The index and dashboard will also facilitate in identifying crucial gaps related to tracking the SDGs and the need for India to develop its statistical systems at the State/UT levels.As another milestone in the SDG localisation journey of the country, the Index is presently being adapted and developed by NITI Aayogat the granular level of districts for the upcoming North Eastern Region District SDG Index.

A snapshot of the SDG India Index 2020–21 dashboard:

https://static.pib.gov.in/WriteReadData/userfiles/image/image014Q7QF.jpg

NITI Aayog has the mandate for coordinating the adoption and monitoring of SDGs at the national and sub-national levels. The SDG India Index and Dashboard represents NITI Aayog’s efforts inencouraging evidence-based policymaking by supporting States and UTs to benchmark their progress, identify the priority areas and share good practices.

https://static.pib.gov.in/WriteReadData/userfiles/image/image015OU5B.jpg

The full SDG India Index report can be accessed here: https://wgz.short.gy/SDGIndiaIndex

The interactive dashboard can be accessed here: http://sdgindiaindex.niti.gov.in/

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