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    Sitharaman asks public sector banks to focus on youth; provide cool, simple banking to suit their needs
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    India-UK trade agreement to benefit Haryana's industries and services sector: CM Saini
    FM asks banks to keep pace with youth expectation; calls for outreach campaign from Oct 2
    CCI approves acquisition of certain equity shareholding in Bharti Life Insurance Company by Prudential Corporation Holdings
    Suspicious foreign remittances under I-T department scanner
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    Regional Rural Banks (RRBs) Record Strong Growth in Credit Delivery during FY 2025–26
    METSTO Delivers Adjustable Pallet Racking System Solutions for Warehouses
    China rolls out new measures to boost consumption in counties, smaller cities
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    Cyber fraudsters invent 'boss' scam to target companies; Ahmedabad cops bust international network
    Personal Loan Prepayment Charges: What RBI Rules Say in 2026
    Zeeba Revamps Packaging and Announces Chef Vikas Khanna as Its Global Brand Ambassador
    Paul Merchants Finance Launches Loan Against Silver, Becomes India’s First NBFC to Set Up Exclusive Silver Loan Branches
    CarePass Launches This Independence Day, Bringing Healthcare Savings Across India's Top and Premium Hospitals
    Keralam CM flags off containers from Vizhinjam, marking start of EXIM operations
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    August 18, 2026
    Show AI Summary
    Taxpayer service improvement and litigation reduction guide administrative planning for stronger infrastructure, systems, coordination and future tax department functioning.
    Improvement of taxpayer services, reduction of tax litigation, infrastructure strengthening and preparation of an actionable roadmap for future Income Tax Department functioning were considered as operational priorities. Deliberations covered e-HRMS, service matters, reservation policy, systems administration, capacity building, expenditure budgeting, TDS administration, inter-agency coordination, and office infrastructure. Officials identified institutional challenges and priorities for strengthening taxpayer-facing and internal departmental functions.
    August 18, 2026
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    Duty-free UK market access strengthens export opportunities for Indian goods and services, supporting MSMEs, agriculture, manufacturing and global value-chain participation.
    India-UK Comprehensive Economic and Trade Agreement provides duty-free access to the UK market for nearly all Indian exports and may improve the competitiveness of Haryana's manufacturing, agricultural, MSME and services sectors. Preferential access covers products including textiles, engineering goods, auto parts, processed foods and pharmaceuticals, while agricultural exports remain subject to exceptions for sensitive products. The agreement also provides market access across 137 UK services sub-sectors, supporting IT, digital, professional, financial and technical services and facilitating global value-chain participation.
    August 18, 2026
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    Youth banking outreach promotes campus engagement, financial awareness, responsible credit discipline and long-term access to formal banking services.
    Public sector banks are urged to conduct a month-long "Banking for Youth" outreach campaign from 2 October 2026 for persons above 16 years of age. Outreach through educational and skill-development campuses should combine account opening, financial awareness and direct engagement. Banks should develop tailored youth strategies to build long-term banking relationships. Proposed measures include online learning content, lifestyle-linked benefits, dedicated youth banking support, and awareness of credit scores, credit products and government credit schemes. A dedicated youth banking-awareness portal may serve as a single access point for appropriate banking services and financial opportunities.
    August 18, 2026
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    Competition approval for Prudential's acquisition of equity shareholding in an Indian life insurer supports the proposed insurance-sector combination.
    Competition approval has been granted for Prudential Corporation Holdings Limited to acquire certain equity shareholding in Bharti Life Insurance Company Limited. The acquirer is the holding company for its group's insurance and asset-management operations in Asia and supports operations in Asia and Africa. The target is an IRDAI-licensed Indian life insurer.
    August 18, 2026
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    Suspicious foreign remittance verification targets shell entities and requires accountants to conduct diligent taxability checks before certification.
    Verification of suspicious outward foreign remittances focuses on entities with little or no reported business activity, their controllers, and accountants issuing tax-determination certificates. Scrutiny addresses remittances disproportionate to reported turnover, non-filers, entities not operating from declared addresses, and payments whose stated purposes appear inconsistent with reported activity. Form 15CB/Form 146 certification requires accountants to examine taxability through books of account and relevant documentation, validating tax deduction at source and applicable treaty compliance. Accountants must exercise due care, diligence and professional judgment before certifying remittances.
    August 18, 2026
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    Fair Price Shop regulation introduces graded stock-shortage penalties, mandatory FIRs for major discrepancies, and restructured licensing requirements.
    Fair Price Shop regulation introduces quantity-based penalties for stock discrepancies, ranging from performance-guarantee forfeiture and replenishment obligations to interim suspension, cancellation-related action and mandatory FIR registration for major shortages. Repeated or deliberate diversion or manipulation of public distribution supplies may lead to cancellation, blacklisting and FIR registration. Licensing now includes continuing regular licences and short-term temporary licences, with wider eligibility, points-based selection, card-linked performance guarantees and compulsory approved e-PoS, weighing-scale and iris-scanner use.
    August 18, 2026
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    Priority sector lending strengthened rural credit access through agricultural, micro-enterprise and weaker-section finance, reinforcing financial inclusion and sustainable development.
    Regional Rural Banks expanded rural credit delivery while maintaining strong Priority Sector Lending performance during FY 2025-26. Almost all Regional Rural Banks met the prescribed overall priority-sector target. Agriculture and allied activities remained the largest priority-sector component, with farm credit accounting for nearly all agricultural lending. MSME finance predominantly supported micro enterprises, rural entrepreneurs, artisans and small businesses. Lending to weaker sections and finance for housing, education, renewable energy and social infrastructure promoted inclusive access to institutional credit and sustainable rural development.
    August 18, 2026
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    Adjustable pallet racking systems support customised, scalable warehouse storage through configurable layouts, safety assessment, installation and lifecycle support.
    Adjustable pallet racking systems are configurable warehouse-storage solutions for varied inventory dimensions, weights and product types. They support bulk pallet storage, multi-level picking and high-density configurations through adjustable beams and shelves, load-bearing capacity, structural durability and space-efficient layouts. Storage configurations are customised after assessing inventory dimensions, payload requirements, available space and material-movement frequency, with support for design, installation, inspections and after-sales service.
    August 18, 2026
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    Domestic consumption expansion targets lower-tier markets through improved retail channels, distribution networks, employment support and household income opportunities.
    China has introduced measures to strengthen domestic consumption in counties, smaller cities, townships and rural areas. The measures include upgrading township commercial centres, rural markets and local fairs; encouraging domestic and international brands to establish regional debut stores; and reusing existing land resources to improve services. They also seek better services for elderly persons and children, stronger urban-rural distribution networks, county-level employment and resident income channels. The strategy supports a shift towards household consumption amid weak domestic demand, property-sector pressures and subdued consumer sentiment.
    August 18, 2026
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    Currency management preserves monetary sovereignty through clean notes, secure logistics, decentralised distribution, durable banknotes, and sustainable cash-cycle operations.
    Currency management supports trust in cash and monetary sovereignty through demand planning, secure production, distribution, replacement, and disposal. The Clean Note Policy requires good-quality banknotes to be available in required denominations and locations, with unfit notes continuously withdrawn and replaced. A decentralised Currency Chest network distributes fresh currency, processes returned notes, supports linked bank branches, and operates under licensing, real-time reporting, inspection, and audit requirements. Current priorities include managing uncertain cash demand, improving note durability, and reducing the carbon footprint of the cash cycle.
    August 18, 2026
    Show AI Summary
    Independent investigation of alleged dubious transactions requires examination of all six allegations despite prior police conclusions.
    Investigation into alleged dubious transactions involving Indiabulls Housing Finance Limited and related entities must cover all six allegations identified by the Enforcement Directorate. The CBI must independently examine five allegations previously reviewed by the Delhi Police Economic Offence Wing, irrespective of its conclusion, and submit a comprehensive report. Further investigation into the sixth allegation depends on the special PMLA court deciding the CBI's pending application, after which the CBI must provide a progress or status report.
    August 18, 2026
    Show AI Summary
    Boss scam prevention requires independent verification of payment requests and avoidance of malicious WhatsApp attachments that enable executive impersonation.
    Boss scam, or CEO impersonation fraud, uses malicious WhatsApp attachments and impersonation of regulatory officials or company executives to obtain control of WhatsApp sessions and issue fraudulent payment instructions. The alleged network supplied SIM cards, dummy SIMs, WhatsApp accounts and one-time passwords to cyber-fraud operators, illustrating a Cybercrime as a Service model. Preventive measures include avoiding suspicious ZIP, executable, library and APK files and independently verifying all financial-transfer requests.
    August 18, 2026
    Show AI Summary
    Floating-rate personal loan prepayment protections prohibit charges and compulsory lock-ins for qualifying individual non-business borrowers from 2026.
    Prepayment charges are prohibited for part or full repayment of qualifying floating-rate loans availed by individual borrowers for non-business purposes and sanctioned or renewed on or after 1 January 2026. Compulsory lock-in periods cannot restrict prepayment of such loans. Fixed-rate personal loans may still attract prepayment or foreclosure charges under lender policy and contractual terms. Borrowers should check the loan's rate type, sanction letter, loan agreement and key fact statement, where applicable, and compare applicable charges with potential interest savings before early repayment.
    August 18, 2026
    Show AI Summary
    Premium Basmati rice positioning drives Zeeba's packaging refresh and ambassador-led campaign focused on quality, authenticity and domestic expansion.
    Zeeba has refreshed its packaging and appointed Chef Vikas Khanna as global brand ambassador to support expansion in India. Its "Aisa Basmati Nahi Dekha" campaign positions the brand around export-quality Basmati rice, consistency, authenticity and a superior culinary experience. Promotional activity will extend across digital, retail and consumer touchpoints. The premium Basmati range is described as carefully sourced, naturally aged and processed according to global quality standards, with emphasis on grain quality, authentic taste, purity and consistency.
    August 18, 2026
    Show AI Summary
    Silver-collateral lending creates a formal secured-credit channel for eligible borrowers, subject to regulatory requirements and lender policies.
    Loans against silver collateral have been introduced following the Reserve Bank of India's Lending Against Gold and Silver Collateral Directions, 2025, enabling eligible regulated lenders to accept silver as security. The offering provides a formal and transparent credit channel against eligible silver jewellery, ornaments and approved silver coins. It is intended for individuals, proprietors and MSMEs requiring liquidity for personal, business and other legitimate financial needs, subject to lending policies and applicable regulatory requirements.
    August 18, 2026
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    Healthcare discount membership provides instant savings on out-of-pocket care at participating premium providers without insurance claims or paperwork.
    CarePass is a healthcare savings membership card providing instant point-of-billing discounts at participating premium healthcare providers across India. It covers out-of-pocket spending on hospital treatment, diagnostics, dental, vision, dermatology, hair and skin care, and IVF and maternity services, without claim processing, waiting periods or paperwork. Members present a digital CarePass at a participating provider to receive the applicable discount. Four membership tiers offer differing benefits, with higher tiers including tele-consultations and annual health checks. CarePass is a discount membership and not an insurance product.
    August 18, 2026
    Show AI Summary
    EXIM operations at Vizhinjam commence with container movement, supported by investor facilitation, infrastructure backing and port-led logistics development.
    EXIM operations at Vizhinjam international seaport commenced with the flagging off of two containers after a successful trial export shipment. The state government proposes investor engagement, regulatory facilitation and infrastructure support to expand global export activities through the port. Mission Samudra is to operate as a port-led industrial and logistics development scheme. The deep-water port was developed under a public-private partnership model and had received commercial commissioning certification.
    August 18, 2026
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    Money-laundering investigation under PMLA expands through searches into alleged consultancy payments linked to CMRL and Exalogic Solutions.
    Money-laundering investigation under the Prevention of Money Laundering Act involves fresh searches connected with Cochin Minerals and Rutile Ltd and Exalogic Solutions. The inquiry concerns alleged fraudulent payments made under the guise of IT consultancy services and a purported money trail involving persons allegedly connected with those transactions. The action follows earlier searches and questioning in relation to the same matter.
    August 18, 2026
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    Recruitment examination irregularities trigger money-laundering investigation into alleged bribery, paper leaks, answer-sheet tampering, and preferential veterinary officer selections.
    Money-laundering investigation under the Prevention of Money Laundering Act concerns alleged irregularities in veterinary officers' final selection through a public recruitment examination. Searches covered premises linked to commission officials, alleged intermediaries, the digital evaluation entity, and selected candidates. Allegations include bribery demands, examination-paper leakage, OMR answer-sheet tampering, and facilitation of selection for relatives of commission officials.

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      Challenge Your Limits: BMW Motorrad India launches the new BMW S 1000 RR.

      January 18, 2025

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      Mr. Vikram Pawah, President and CEO, BMW Group India with the new BMW S 1000 RR New Delhi, 18th January 2025: • New M winglets, significantly increased downforce.

      • New M Quick action throttle for relaxed throttle control.

      • Pro riding Modes standard with additional ‘Race Pro’ Modes.

      • 0-100 km/h is just 3.3 seconds with a top speed of >300 km/h.

      The new BMW S 1000 RR has been launched in India on the second day of Auto Expo 2025. This heavily popular super sport bike will be available in the country as a completely built-up unit. Bookings are open now throughout the BMW Motorrad dealer network and deliveries will commence from April 2025 onwards.

      Mr. Vikram Pawah, President and CEO, BMW Group India said, “The new BMW S 1000 RR continues with its endless strive for improvement and success securing its leading position. It is a favourite amongst racing enthusiasts looking out for the next thrill. The new BMW S 1000 RR with even higher track performance is the Superbike icon. BMW Motorrad has once again set emphasis on the sporty aspirations and the BMW DNA, making what’s good even better.” The introductory ex-showroom prices starts from: The BMW S 1000 RR - INR 21,10,000 *Prices prevailing at the time of invoicing will be applicable. Delivery will be made ex-showroom. Ex-showroom price (inclusive of GST and compensation cess) as applicable but excludes Road Tax, RTO statutory taxes/fees, other local tax / cess levies and insurance. Prices and options are subject to change without prior notice. For further information, please contact your local authorized BMW Motorrad Dealer.

      The dynamic design of the new RR is supported by three attractive colour options - Black Storm Metallic, Bluestone metallic (with Style sport) and Light White solid / M Motorsport (with M Package).

      Riders can further customise with two optional packages – Dynamic and M. The Dynamic package sharpens the RR’s racing qualities for added performance and comfort. The package includes: DDC electronic chassis, which is exclusive to use in motorsports here, for optimum damping and optimum road contact in every riding situation, additionally Electronic cruise control and heated grips are also included. The M package sharpens the sporty profile of the RR. Exclusive Light white/M Motorsport paintwork is only included in this package and gives the motorcycle a powerful look. The package includes: M Sport seat for optimum support on the hunt for crucial milliseconds. Weight-optimised M Carbon wheels with M Tapes for maximum riding dynamics. In addition, the M footrest system and the black fuel filler cap.

      To enable customers to own BMW Motorrad motorcycles of their choice, BMW Financial Services India offers flexible and hassle-free finance solutions. What’s more, it goes beyond just motorcycles – with accessories financing, ensuring that you're fully equipped for all your riding experiences. For complete peace of mind, all BMW Motorrad bikes come with a standard warranty for ‘three years, unlimited kilometers’, with an option to extend the warranty to fourth and fifth year. Road-Side Assistance, a 24x7 365 days package further ensures prompt services in case of breakdown and towing situations.

      The new BMW S 1000 RR The design of the new BMW S 1000 RR impresses with its extremely compact layout and super-sporty appeal that creates perfect harmony for the road and racetrack. The high windscreen, side winglets and partitioning of the lower triple clamp further optimise aerodynamics and help in maintaining the top speed. The winglets on the front fairing of the new RR now produce significantly more aerodynamic downforce – both in an upright riding position and when leaning. At 300 km/h, the downforce has been increased from the previous 17.1 kg to now 23.1 kg. The positive effects include greater rider confidence in the front wheel for even larger lean angles or higher cornering speeds at the same lean angle, as well as reduced wheelie tendency.

      Another key point in optimizing aerodynamics is the area around the front wheel. The new RR features brake cooling ducts – known as Brake Ducts – in this area. These are integrated into the new front wheel fender, which has been optimized for improved airflow around the fork legs and brake calipers. They reduce the brake temperature during track use, thereby enhancing performance and providing more consistent brake pressure. The new RR also features asymmetrical design side panels made of plastic, similar to the engine spoiler – inspired by the first-generation RR. While the left side is characterized by a large exit opening for heat dissipation, the right side features a dynamic and distinctive gill design.

      The new BMW S 1000 RR features the potent inline-four engine with BMW ShiftCam Technology. The 999cc generates 210 hp at 13,750 rpm to ensure powerful propulsion. The maximum engine speed is 14,600 rpm. The airbox, as on the M RR, features variable intake funnels that optimise charge change and power generation, especially at high engine speeds.

      The 6-speed gearbox allows ease of engagement, no slippage and precise shifts. The race tuned anti-hopping clutch with self-reinforcement reduces engine braking and significantly increases safety - especially during braking manoeuvres with simultaneous downshifts. Gear Shift Assistant Pro enables upshifting without clutch actuation and offers perfect acceleration without interrupting traction. It has improved to implement shift request via a torque model and thus enables shifts in all operating ranges.

      The heart of the chassis is still the aluminium bridge frame which has received several apertures in the side sections optimising flexibility laterally. One-piece rear swinging arm with underslung sections and the rear wheel is easier to remove and install. The suspension strut is now height-adjustable for custom adjustments. The adjustability of the swinging arm pivot point and the height of the rear end is due to the use of the M Chassis Kit.

      The suspension geometry not only improves riding precision, but also increases target accuracy and provides clearer feedback from the front wheel. The bike can be equipped with electronically controlled Dynamic Damping Control (DDC) to adjust damping to Road, Dynamic, Race, For Race Pro 1-3.

      The new M short-stroke throttle ensures relaxed throttle control and perfect handling without the need to reposition the hand or twist the wrist. The rotation angle is now 58 degrees instead of the previous 72 degrees. This provides a significant advantage, especially in track use, while maintaining excellent throttle modulation thanks to the corresponding application of the engine management system to the changed rotation angle.

      The new RR distinguishes between two riding mode worlds: for the road and for the track. Apart from the four standard riding modes "Rain," "Road," "Dynamic," and "Race", the new BMW S 1000 RR now also includes "Pro Riding Modes" with the additional riding modes "Race Pro 1," "Race Pro 2," and "Race Pro 3" as standard. The "Pro Riding Modes" offers the "Engine Brake" function in the "Race Pro" modes with three levels of adjustability for engine drag torque during deceleration. Another component of "Pro Riding Modes" is the Hill Start Control Pro function. It goes beyond the features of the comfort system Hill Start Control and offers the additional Auto HSC function. In the "Race Pro" riding modes, the ABS function is adjustable in five levels, and the ABS Pro function is correspondingly linked to it. Additionally, the ABS Pro Setting "Slick" accommodates the use of treadless slick tires. For the perfect race starts, riders can activate Launch Control by pressing the start button for more than three seconds during standstill. Pit Lane Limiter enables speed limiting when passing through the pit lane. Hill Start Control Pro facilitates starting on gradients.

      The Dynamic Traction Control (DTC) features four fixed basic settings for the respective riding modes "Rain," "Road," "Dynamic," and "Race." In the "Race Pro" riding modes, fine-tuning (+/- shift) is also available. With "Pro Riding Modes," the DTC Wheelie function is also adjustable. It allows the suppression or limitation of wheelies via front wheel lift detection, aiming for maximum acceleration. As another component of "Pro Riding Modes," the Dynamic Brake Control (DBC) supports the rider during braking maneuvers. DBC offers more safety when braking, even in difficult situations, by preventing unintentional throttle activation.

      M Brakes are offered as standard on the new BMW S 1000 RR. The supremely effective ABS Pro with new Brake Slide Assist and ABS Pro ‘Slick’ setting functions ensure perfect braking. As in the predecessor model, the upside-down fork with a slide tube diameter of 45 mm offers a high degree of brake stability as well as a stable response.

      This generation boasts multiple innovations in Coloured 6.5 inch TFT Screen and electrical / electronic system. The new instrument cluster has an optimised display of the rev counter. It has a dashed area and a solid red area controlled by the engine control unit. As a new comfort function, the last selected screen appears on start. Pure Ride screen provides all necessary information for normal operation on road, while the three Core screen displays - CORE Screen 1, CORE Screen 2 and CORE Screen 3 -are designed for the racetrack. CORE Screen 1 focus is on the round rotational-speed sensor, lean angle sensor, DTC and brake secondary indicator. CORE Screen 2 focus is on the round rotational-speed sensor and lap timer including best lap. CORE Screen 3 focus is on bar rotational-speed sensor with lean angle display and lap timer including best lap.

      Standard equipment has been expanded to include the lighter M battery and USB charging socket.

      If you have any queries, please contact: BMW Group India Abhay Dange, Director, Press and Corporate Affairs Cell: +91 99104 81013; Tel: + 91 124 4566600; Email: [email protected] Rohneet Naik, Product and Technology Communication, Press and Corporate Affairs Cell: +91 98999 65668; Tel: + 91 124 4566600; Email: [email protected] Internet: www.bmw-motorrad.in Facebook: https://www.facebook.com/BMWMotorradIN/ Twitter: https://twitter.com/BMWMotorrad_IN YouTube: https://www.youtube.com/channel/UCCz9St6Kvq2uk-BbaWV15mA Instagram: https://www.instagram.com/bmwmotorrad_IN/ (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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