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August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
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August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
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Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
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PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
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Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
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Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
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Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.
August 27, 2026
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Foreign exchange inflows through deposit and borrowing measures provided near-term rupee support amid lower crude prices.
Reserve Bank special measures relating to FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings were identified as attracting foreign-exchange inflows and providing near-term support to the rupee. The Reserve Bank became a net dollar buyer in June after two months of sales to support the rupee. The FCNR(B) window remained open until August 31, while the market outlook anticipated broader rupee depreciation over subsequent weeks.

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Sale of Electoral Bonds at Authorized Branches of State Bank of India (SBI)

September 29, 2021

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The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in item No. 2 (d) of Gazette Notification), who is a citizen of India or incorporated or established in India. A person being an individual can buy Electoral Bonds, either singly or jointly with other individuals. Only the Political Parties registered under Section 29A of the Representation of the People Act, 1951 (43 of 1951) and which secured not less than one per cent of the votes polled in the last General Election to the House of the People or the Legislative Assembly of the State, shall be eligible to receive the Electoral Bonds. The Electoral Bonds shall be encashed by an eligible Political Party only through a Bank account with the Authorized Bank.

State Bank of India (SBI), in the XVIII Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorized Branches ( as per list enclosed)  w.e.f. 01.10.2021 to 10.10.2021.

The Electoral Bonds shall be valid for fifteen calendar days from the date of issue and no payment shall be made to any payee Political Party if the Electoral Bond is deposited after expiry of the validity period. The Electoral Bond deposited by an eligible Political Party in its account shall be credited on the same day. 

ANNEXURE

Electoral Bond Scheme – 2018

29 Existing Authorized Branches

Sl. No.

State/UT

Name of the Branch & Address

Branch Code No.

  1.  

Delhi

Delhi Main Branch

11, Parliament Street,

New Delhi – 110001

00691

  1.  

Haryana, Punjab and Chandigarh

Chandigarh Main Branch

SCO 43-48, Banking Square, Sector-17B, Chandigarh, Distt: Chandigarh

State: Chandigarh, Pin : 160017

00628

  1.  

Himachal Pradesh

Shimla Main Branch

Near Kali Bari Temple, The Mall, Shimla, District : Shimla

State: Himachal Pradesh,

Pin : 171003

00718

  1.  

Jammu and Kashmir

Badami Bagh (Srinagar) Branch

Badami Bagh

Cantonment, Srinagar , Kashmir
Dist : Badgam ,

State: Jammu & Kashmir
Pin : 190001

02295

  1.  

Uttarakhand

Dehra Dun Main Branch

4, Convent Road, Dehradun Uttarakhand, District : Dehradun
State: Uttarakhand Pin : 248001

00630

  1.  

Gujarat, Dadar & Nagar Haveli and Daman & Diu

Gandhinagar Branch, I Floor, Zonal Office Sector
10 B Gandhinagar

Distt : Gandhinagar ,

State : Gujarat Pin:382010.

01355

  1.  

Madhya Pradesh

Bhopal Main Branch TT Nagar ,Bhopal-462003, Bhopal, Madhya Pradesh ,

District : Bhopal,

State: Madhya Pradesh ,

Pin : 462003

01308

  1.  

Chhattisgarh

Raipur Main Branch

P.B.NO.29/61,

Jaistambh Chowk , Raipur ,

District : Raipur

State : Chhatisgarh Pin: 492001

00461

  1.  

Rajasthan

Jaipur Main Branch

PBNo.72, Sanganeri Gate
Jaipur , Rajasthan District: Jaipur , State: Rajasthan .

Pin : 302003

00656

  1.  

Maharashtra

 

Mumbai Main Branch

Mumbai Samachar Marg
Horniman Circle, Fort, Mumbai, Maharashtra   Pin: 400001

00300

 

  1.  

Goa,

Lakshadweep

 

Panaji Branch

Opp : Hotel Mandovi, Dayanand,

Dayanand Bandodkar Marg,

Panaji, Goa.
District : North Goa,

State : Goa, Pin: 403001

00509

  1.  

Uttar Pradesh

Lucknow Main Branch

Tarawali Kothi, Motimahal Marg, Hazratganj, Lucknow, Uttar Pradesh

District :Lucknow,

State: Uttar Pradesh
Pin : 226001

00125

  1.  

Odisha

Bhubaneswar Main Branch

P.B.NO.14, Bhubaneswar
Bhubaneswar

District : Khurda
State: Odisha, Pin : 751001

00041

  1.  

West Bengal and Andaman & Nicobar

Kolkata Main Branch

Samriddhi Bhawan
1, Strand Road, Kolkata, West Bengal, District :Kolkata.

State: West Bengal. 3

Pin : 700001

00001

  1.  

Bihar

Patna Main Branch

West Gandhi Maidhan, Patna,

Bihar. Pin: 800001

00152

  1.  

Jharkhand

Ranchi Branch

Court Compound,

Jharkhand, District : Ranchi,

State: Jharkhand, Pin : 834001

00167

  1.  

Sikkim

Gangtok Branch

M G Marg, Gangtok SIKKIM

Dist: East Sikkim

State : Sikkim Pin : 737101

00232

  1.  

Arunachal Pradesh

Itanagar Branch

TT Marg,VIP Road Bank Tinali, Itanagar, Arunachal Pradesh 

District : Papumpare

State : Arunachal Pradesh

Pin : 791111

06091

  1.  

Nagaland

Kohima Branch

Near deputy commissioner's office

Kohima

Nagaland Pin: 797001

00214

  1.  

Assam

Guwahati Branch

Pan Bazar, MG Road,

Kamrup, Guwahati, Pin: 781001

00078

  1.  

Manipur

Imphal Branch

M G Avenue, Imphal west

Manipur

Pin: 795001

00092

  1.  

Meghalaya

Shilong Branch

MG Road, Near General PO

Shillong, District: Khasi Hills (E),

Meghalaya, Pin: 793001

00181

  1.  

Mizoram

Aizawl Branch

Solomns cave

District: Aizawl, Mizoram

Pin: 796001

 

01539

  1.  

Tripura

Agartala Branch

Hari Ganga Basak road,

Agartala

District: Tripura (W), Tripura

Pin: 799001

 

00002

  1.  

Andhra Pradesh

Visakhapatnam Branch

Rednam Gardens, Jail Road, Junction, Opp. Pages/Vodaphone Off, Visakhapatnam,

District: Visakhapatnam

State : Andhra Pradesh

Pin : 530002

 

00952

  1.  

Telangana

Hyderabad Main Branch

Bank Street, Koti, Hyderabad.
District : Hyderabad
State: Telangana
Pin : 500095

 

00847

  1.  

Tamil Nadu and Puducherry

Chennai Main Branch

336/166, Thambuchetty Street, Parrys, Chennai.

State: Tamil Nadu
Pin : 600001

 

00800

  1.  

Karnataka

Bengaluru Main Branch

Post Bag No.5310,

St. Marks Road, Bangalore,

District :Bangalore Urban,

State: Karnataka, Pin : 560001

00813

  1.  

Kerala

Thiruvananthapuram Branch

P.B.No.14, M.G.Road, Thiruvananthapuram,
District : Thiruvananthapuram,

State: Kerala, Pin: 695001

 

00941

 

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