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    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
    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
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    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
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    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    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.
    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
    Show AI Summary
    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
    Show AI Summary
    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    August 7, 2026
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    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.

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      Amazon's advocates fear Trump's return means little US help to protect rainforest

      January 28, 2025

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      Bogota (Colombia), Jan 28 (AP) Alexis Damancio Silva can't forget the hardship in his town of Puerto Narino in far southern Colombia last year when extreme drought nearly dried up the Amazon River. Pink dolphins and fish died. Crops dried up. The town lost its easy access to markets.

      Silva is hopeful the US would help fund projects that could make Indigenous communities like his more resilient - solar panels for energy to refrigerate fish, for example, or cisterns to catch precious rain water.

      “We ask the government of President Trump...to send us resources,” to help the region's Indigenous people, he said in a Zoom interview with The Associated Press. Little comes from the state, he said.

      Environmental groups say that's unlikely to happen, and that was even before Trump froze new funding for almost all US foreign assistance.

      They fear Donald Trump's second administration will bring nothing good for the Amazon rainforest. Besides Trump's Day 1 move to withdraw from the Paris climate agreement, they fear he'll cut US funding for policing that has targeted illegal logging, mining and other things that have damaged the rainforest. They also worry he will back right-wing politicians who favour aggressive development in the Amazon, which is critical for storing carbon dioxide that would otherwise warm the planet.

      “The implications of the Trump administration for the Amazon rainforest range from very concerning to horrifying,” said Andrew Miller, advocacy director of nonprofit Amazon Watch.

      Trump's first week back in office was loaded with executive orders that prioritised fossil fuels, including declaring an energy emergency in the US and his intent to sweep aside barriers to developing oil and gas. They've also been wrapped in an “America First” message that doesn't fit with expansive foreign aid.

      On Sunday, he swiftly faced down Colombia President Gustavo Petro on Sunday by threatening steep tariffs after Petro refused to allow military planes carrying deported migrants to land in Colombia. Trump's plans to play hardball in the region were evident weeks ago when he suggested he could use military force to take control of the Panama Canal.

      Miller said his organisation had advised its partners “to assume the Trump administration priorities will not include climate, environmental or Indigenous rights programmes.” In Trump's first term, US Agency for International Development's budget ranged from about $17 billion to $27 billion annually, with significant proposed cuts that were often moderated by Congress. Under President Joe Biden, USAID's budget rose to $30.5 billion in 2024, with a focus on global health, climate action, humanitarian aid, and promoting democracy. The new administration said the aid freeze would be in place for 90 days as it considers which programmes to keep.

      In Brazil, home to around 60% of the Amazon, organised crime like logging and drug trafficking thrived under the far-right presidency of Jair Bolsonaro, with severe environmental consequences. President Luiz Inácio Lula da Silva made the protection of the Amazon a central priority when he took office in 2023.

      Brazil's environment minister, Marina Silva, told the AP that Trump's return poses a significant test for US democracy and international institutions, and that as the world's second-largest emitter of greenhouse gases, it is “crucial” the US fulfil its responsibilities.

      She sees some hope, saying the world has much stronger climate governance nowadays in the face of the climate crisis.

      “This doesn't mean we'll have an easy time with Trump in office, quite the opposite,” Marina Silva said. “We just have to acknowledge that we´re already seeing some companies and leaders... abandoning or loosening commitments made previously.” Since Trump's election, several major US banks have withdrawn from a network aimed at lending practices that square with a global commitment to reduced emissions.

      Silva said it's important for countries to keep “reaffirming the size of the climate challenges” and showing how to overcome them. “Reality needs to take precedence over President Trump's well-known denialist rhetoric,” she said.

      The Trump administration did not respond to messages seeking comment.

      Support for pro-development politicians? Development in the Amazon is a polarising issue in Brazil. Lawmakers who support it focus on economic growth, job creation, and infrastructure. More liberal lawmakers, environmentalists and Indigenous rights groups oppose it over damage to the environment and impacts on people who live in the forest.

      Lula has had some success in clamping down on illegal logging, mining, drug trafficking, and conversion of land for agriculture. That came with support from Biden, who in November became the first US president to visit the Amazon and pledged $50 million to the Amazon Fund, which raises money to protect the Amazon rainforest. Much of that money went toward increased policing in the region.

      Carlos Nobre, a Brazilian climate scientist and leading researcher studying the Amazon rainforest, said he didn't see Trump continuing that commitment. He also said he is concerned about Trump's past support for Bolsonaro, and expected him to again boost right-wing politicians.

      Though Bolsonaro is prohibited from running for office until 2030, his son Eduardo is a potential presidential candidate next year and Brazil's National Congress has plenty of members who favour Amazonian development.

      Jair Bolsonaro, who has supported Trump's false claims of a stolen 2020 election, tried to attend his inauguration but wasn't allowed to leave Brazil to attend. Eduardo Bolsonaro did attend.

      Miller expected Trump to tilt toward “extreme right-wing candidates” who offer him praise, boosting them in elections.

      "Their policies, should they be elected, will spell disaster for the Amazon rainforest in the foreseeable future," Miller said. “Trump 2.0 will offer Amazonian governments a permission structure to ignore or walk back climate commitments, precisely at the moment when protection of the rainforest demands greater ambition and regional coordination.” Miller is most concerned about US support for multilateral human rights mechanisms like the Inter-American Commission on Human Rights and the United Nations Office of the High Commissioner for Human Rights.

      “Both are important for the protection of threatened Amazon community leaders and environmental defenders," he said.

      Funding cuts and multinational cooperation John Walsh, director for drug policy and the Andes at the Washington Office on Latin America, said funding cuts are his major concern after policy.

      “We can expect steep cuts if not entire elimination of US foreign aid that was directed towards climate mitigation and adaptation globally,” Walsh said. “That's matched by the incoming administration's focus on how to cut the federal budget in ways that will fall almost entirely on discretionary programmes that don't have solid constituencies domestically." Trump was generally sceptical of multinational cooperation in his first term, preferring a more unilateral approach to foreign policy with his administration often prioritising US interests over international agreements or collaborations.

      "For an issue like climate change, that is a collective action problem ... and for the world's largest economy and historically the largest emitter of carbon dioxide to absent itself from that ... is significant," Walsh said. (AP) SCY SCY

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