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    Rupee falls 8 paise to 95.25 against US dollar in early trade
    APEDA Facilitates First-Ever Export of GI-tagged Mithila Makhana by Sea Route from Bihar to Australia
    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
    No Charges for UPI Users
    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
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    ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executives
    RJD criticises UDF govt's move not to disburse pensions through cooperative banks
    Raymond Limited reports a healthy Q1 FY27 performance
    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
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
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    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
    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
    Show AI Summary
    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.

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      Bengaluru Overtakes Chennai and Emerges as India's Best City for Working Women in 2024 in the 'Top Cities for Women in India' Survey Conducted by the Avtar Group

      January 8, 2025

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      Bengaluru, Karnataka, India (NewsVoir) • Bengaluru, Chennai, Mumbai, Hyderabad and Pune bag the top five positions.

      • South India emerges as the most gender-inclusive region, with 16 South Indian cities featuring in the Top 25 Avtar group, India’s pioneer in Diversity, Equity, and Inclusion (DEI) solutions and India’s leading workplace culture consulting firm, announced the third edition of ‘Top Cities for Women in India (TCWI)’ index today. Karnataka's State Capital Bengaluru, reigns supreme by topping the ranking for being the most inclusive, safe, resilient and sustainable cities for working women. Bengaluru has scored high in skilling and employment for women, infrastructure and caregiving support.

      Speaking at the press conference, Dr Saundarya Rajesh, Founder-President, Avtar group said, “Cities are the foundations of opportunity. They shape how women live, work, and thrive. So, a clear understanding of the core principles and cultural fabric of our cities is crucial for advancing women’s progress and inclusion. Avtar’s annual index ‘Top Cities for Women in India” does precisely that, using a data-centric and evidence-based approach. And, to realize our dream of a Viksit Bharat by 2047, we need the Indian Women Professionals to succeed on par with men. This is possible only if cities are truly gender-inclusive and offer an atmosphere where women’s strengths can be optimized. This means not just providing safe streets, accessible healthcare & education and affordable living to women, which are largely reparatory measures, but also competitive avenues for women’s economic success and opportunities for them to thrive as business leaders. Let’s invest in women-led projects and optimize women’s lives and careers.” About TCWI index Top Cities for Women in India (TCWI) index identifies role model cities and best practices, and provides a framework for organizations, policymakers and individuals to foster well-rounded development in our cities, which is a pivotal driver of women’s progress nationwide. The index has been compiled by assimilating various data sources including the Centre for Monitoring the Indian Economy (CMIE), the World Bank, crime records and Periodic Labour Force Survey, along with Avtar’s primary research. Avtar’s research included FGDs and a nation-wide survey that was conducted from February 2024 to November 2024 in which 1672 women from 60 cities participated.

      The Top 10 Cities for Women in 2024 include: Bengaluru, Chennai, Mumbai, Hyderabad, Pune, Kolkata, Ahmedabad, Delhi, Gurugram, Coimbatore.

      Criteria for selecting the top 10 cities for Indian women in 2024 120 cities across India were considered for the study, based on their economic contribution to the country. The cities were ranked based on an overall ‘City Inclusion Score’ assigned to every city, inferred from Avtar’s research and existing governmental data. The City Inclusion Score (CIS) is derived from three pillars - Social Inclusion Score (SIS), Industrial Inclusion Score (IIS) and Citizen Experience Score (CES).

      • The Social Inclusion Score is a cumulative score of four indicators that include city livability, safety, women’s representation in employment and women’s empowerment.

      • The Industrial Inclusion Score evaluates the extent to which organizations in the city across industries are inclusive of women.

      • The Citizen Experience Score captures women’s assessment of their cities and is calculated from the responses collated from women across India through FGDs and surveys. It covers six pillars: Skilling and employment, caregiving support, transport and accommodation infrastructure, quality of life, efficiency of government bodies, and safety.

      While the first two editions of the TCWI index featured two lists of cities – ‘Million-plus’ cities and ‘Less than a million’ cities, this year’s report has a single unified ranking because of several factors such as outdated population data, rapid urbanization and migration, and to simplify the execution process for stakeholders.

      The findings Regional analysis: The South emerges as the most inclusive region, scoring comparatively higher in both social and industrial inclusion. The average city inclusion score of the South is 18.56. The South is closely followed by the West (16.92). The Central and Eastern regions lag, with averages of 11.79 and 10.55, respectively. This is a result of limited industrial development and opportunities.

      The North is at 14.00 - It is worth noting that while the industrial inclusion scores of Northern cities like Delhi and Gurugram are high, there is scope for improvement in their social inclusion scores.

      State-wise analysis: Kerala leads with the highest average City Inclusion Score of 20.89, followed by Telangana at 20.57, Maharashtra at 19.93, Tamil Nadu at 19.38 and Karnataka at 17.50.

      Women’s ratings of cities: Skilling and employment: Gurugram is rated the highest (7.68 – out of 10) by women. Among the bigger cities, Mumbai (7.60) and Bengaluru (7.54) score highest in skilling and employment, while Chennai (7.09), Hyderabad (6.95) and Thiruvananthapuram (5.51) lag slightly behind.

      Infrastructure: Hyderabad (8.01) secures the highest score for infrastructure (a well-connected public transport system and other travel amenities). Hyderabad is closely followed by Mumbai (7.64) and Bengaluru (7.52). Among the smaller cities, Coimbatore (7.75) and Kochi (7.41) score high in infrastructure.

      Efficiency of government bodies: Thiruvananthapuram (8.15) and Pune (7.06) top governance efficiency. Gurugram at 6.48 has room for improvement.

      Quality of life: Coimbatore (7.54), Pune (7.50) and Chennai (7.05) report the best quality of life. Gurugram scores relatively low (6.34), which may be attributed to environmental challenges.

      Safety: Thiruvananthapuram (7.43), Mumbai (7.19) and Hyderabad (6.95) lead in safety, while women rate Bengaluru (6.17), Kochi (6.02) and Gurugram (5.60) comparatively low in safety.

      For more details, refer to the Top Cities for Women in India 2024 report - www.avtarinc.com/extend/twci About Avtar Avtar, founded in 2000 by Dr Saundarya Rajesh, is one of India’s leading workplace culture consulting firms, supporting hundreds of companies in creating diverse and supportive workplaces. Avtar is credited with introducing the concepts of Diversity, Equity and Inclusion (DEI) to Indian corporates, and is also the country’s largest provider of second career opportunities for women.

      An ISO 20700 certified firm, Avtar’s biggest research project is its annual benchmarking study – the 100 Best Companies for Women in India (BCWI) and the Most Inclusive Companies Index (MICI). Done in partnership with Seramount, BCWI and MICI are India’s largest DEI benchmarking studies, which have paved the way for the employment of more women and other under-represented groups. Avtar also promotes diversity hiring through MyAvtar, India’s first diversity job portal.

      To know more, visit www.avtarinc.com | www.myavtar.com A snapshot of Avtar’s work in the last 24 years • Provided advisory services in inclusive practices to 500+ organizations • Conducted 20,000+ training programs in companies of different sizes, spanning industries and locations • Coached more than 25,000 managers in DEI • Facilitated the re-entry of 1,00,000 second-career women into the workforce through MyAvtar.com • Provided Intentional Career Pathing training to 200,000+ women, preventing them from leaving the workforce • Offered unique skilling programs such as DigiPivot (a prestigious course in digital marketing, conducted in partnership with Google, HUL, and ISB) to hundreds of women.

      • Provided career intentionality training, employment guidance, and access to industry leaders every year to 10,000+ girls from underprivileged backgrounds through Project Puthri.

      • For its transformational impact in the realm of DEI, Avtar Group was listed in the prestigious Steward Leadership 25 Listing by Strait Times & INSEAD at Singapore in 2022.

      (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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