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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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    FM asks banks to keep pace with youth expectation; calls for outreach campaign from Oct 2
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    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
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Youth-focused banking requires public sector banks to deliver personalised digital services, financial awareness, and responsible credit engagement.
Public sector banks are urged to implement sustained youth-focused banking through campus outreach, simple personalised round-the-clock services, dedicated youth support and financial awareness. Engagement should develop long-term relationships beyond account opening while preserving prudential standards. Youth should receive guidance on the formal credit ecosystem, including credit scores, credit history, bank credit products and government credit schemes, to support responsible credit discipline and future financial needs. A dedicated portal may provide a single access point for banking awareness and suitable financial opportunities.
August 18, 2026
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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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Foreign remittance certification due diligence faces nationwide verification targeting shell entities, their controllers, and certifying professionals.
Nationwide verification of suspicious outward foreign remittances targets entities with little or no reported business activity, their controllers, and professionals issuing tax determination certificates. Scrutiny concerns remittances disproportionate to reported turnover, inconsistent with stated purposes, or linked to entities not operating from declared addresses. Form 15CB, or Form 146 under the corresponding framework, requires certifying accountants to assess taxability from books of account and relevant records, supporting tax deduction at source and treaty compliance through due care, diligence and professional judgment.
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
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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
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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
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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
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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
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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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HIGHLIGHTS

January 22, 2025

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New Delhi, Jan 22 (PTI) Following are the top stories at 5.07 pm: NATION DEL40 CBI-DOCTOR

Kolkata medic's rape-murder case: CBI to seek death sentence in HC for Sanjay Roy New Delhi: The CBI will file an appeal before the Calcutta High Court seeking death sentence for Sanjay Roy, who was sentenced to "life imprisonment until death" by a Sealdah court in the rape-cum-murder case of an on-duty doctor at RG Kar Medical College and Hospital, officials said Wednesday.

DEL18 PM-BJP-POLLS (R)

PM Modi says people openly expressing anger with 'AAP-da' New Delhi: Prime Minister Narendra Modi on Wednesday urged Delhi BJP members to target winning over 50 per cent booths in the assembly polls, and said people are openly expressing anger with the AAP government and reminding it of its promises.

DEL22 CAB-NATIONAL HEALTH MISSION

Cabinet approves continuation of National Health Mission for another 5 years New Delhi: The Union Cabinet on Wednesday approved continuation of the National Health Mission for another five years.

DEL27 BETI BACHAO-SHAH

'Beti Bachao Beti Padhao' gives new dimension to rights, respect of daughters: Amit Shah New Delhi: Union Home Minister Amit Shah on Wednesday hailed the completion of 10 years of the 'Beti Bachao Beti Padhao' (BBBP) programme launched by Prime Minister Narendra Modi, saying it gave a new dimension to the rights, education and respect of daughters.

MDS12 KL-SAINIK SCHOOLS-RAJNATH

Centre to establish 100 new sainik schools to improve education quality: Rajnath Singh Alappuzha (Kerala): Defence Minister Rajnath Singh on Wednesday said that the Centre's decision to establish 100 new sainik schools across the country was part of its efforts to improve the quality of basic education in India, contributing to the overall development of the nation.

DEL28 HEALTH-LD STROKE

Centre to expand network of stroke units across country New Delhi: Around 500 stroke units are operational across the country and the Centre is committed to expanding this network to ensure wider access to specialised care, Union Health Secretary Punya Salila Srivastava said on Wednesday.

MDS11 KA-2NDLD ACCIDENTS(R)

Fourteen killed, scores injured in two separate accidents in Karnataka Yellapura/Raichur (Karnataka): As many as fourteen people were killed and scores sustained injuries in two separate road accidents occurred in Uttara Kannada and Raichur districts on Friday.

DEL8 JK-DEATHS-VILLAGE

Unexplained deaths: Rajouri village declared containment zone Rajouri/Jammu: The remote Badhaal village in Jammu and Kashmir's Rajouri district was on Wednesday declared a containment zone and prohibitory orders imposed on all public and private gatherings in the wake of the death of 17 people belonging to three families, officials said.

BOM16 MH-SAIF-AUTO DRIVER

Saif meets auto-rickshaw driver who took him to hospital after knife attack Mumbai: Bollywood star Saif Ali Khan has met auto-rickshaw driver Bhajan Singh Rana, who rushed him to hospital after he was injured in the knife attack at his home in Mumbai, and thanked him for the help.

BOM11 CG-NAXAL-IED-SEIZURE

8 IEDs planted by Naxalites recovered in Chhattisgarh's Bijapur Bijapur: Security forces on Wednesday recovered eight improvised explosive devices (IEDs) planted by Maoists in Bijapur district of Chhattisgarh, police said.

CAL10 MN-JDU

JD(U) Manipur unit withdraws support to BJP-led Biren Singh govt Imphal: The JD(U) state unit in Manipur has withdrawn support to the BJP-led Biren Singh government and the party has informed its decision to governor Ajay Kumar Bhalla.

BUSINESS DEL32 CAB-LD JUTE

Govt raises raw jute MSP by 6 pc to Rs 5,650/ quintal New Delhi: The Union Cabinet on Wednesday approved a minimum support price of Rs 5,650 per quintal for raw jute for marketing season 2025-26, an increase of 6 per cent or Rs 315 over the previous MSP.

LEGAL LGD19 SC-RG KAR-DOCTOR

RG Kar rape, murder case: SC defers suo-motu hearing to Jan 29 New Delhi: The Supreme Court on Wednesday cited paucity of time and deferred to January 29 the hearing on the suo-motu case over the rape and murder of a trainee doctor at state-run RG Kar Medical College and Hospital in Kolkata.

LGD18 SC-RIOTS-LD TAHIR-BAIL

Poll campaign: No interim bail for 2020 riots accused Tahir Hussain as SC gives split verdict New Delhi: Former councillor and February 2020 riots accused Tahir Hussain on Wednesday failed to secure an interim bail to campaign for Delhi assembly polls after a Supreme Court bench gave a split verdict.

LGD14 SC-WOMEN-TAX BAR

Delhi tax bar bodies: SC reserves for women lawyers treasurer post, 30% seats in executive panel New Delhi: The Supreme Court on Wednesday directed reserving the treasurer's post and 30 per cent seats for women lawyers in the executive committee of Delhi Sales Tax Bar Association and Delhi Tax Bar Association.

FOREIGN FGN44 WEF-INDIA-JAYANT

New pact with European bloc to bring USD 100 bn investment, create 10 lakh jobs in India: Jayant Davos: A new Trade and Economic Participation Agreement with a four-nation European bloc will bring USD 100 billion worth of investment and create one million jobs in India, Union Minister Jayant Chaudhary said on Wednesday. By Barun Jha

FGN32 US-QUAD-LD STATUS QUO

Quad ministers oppose any unilateral actions seeking to change status quo by force: Statement Washington: In a move sending a strong signal to China, foreign ministers from Quad countries -- India, Australia, Japan and the US -- in a joint statement have strongly opposed any unilateral actions that seek to change the status quo by force or coercion. By Lalit K Jha

FGN31 US-TRUMP-LD H1B

I like competent people coming to US: says President Trump amid H-1B visa debate Washington: US President Donald Trump has said he likes both sides of the argument on the H-1B foreign guest workers' visa, noting that the country needs "very competent" and "great" people which is possible through this visa programme. By Lalit K Jha

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