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    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
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
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    August 8, 2026
    Show AI Summary
    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
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 7, 2026
    Show AI Summary
    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
    August 7, 2026
    Show AI Summary
    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.

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      HIGHLIGHTS AT 9 PM

      February 24, 2025

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      New Delhi, Feb 24 (PTI) Following are the top stories at 9 pm: NATION CAL37 BH-PM-2NDLD RALLY

      RJD brought 'jungle raj' in Bihar; Lalu stole fodder, made vulgar remarks about Kumbh: PM Modi Bhagalpur: Prime Minister Narendra Modi on Monday slammed the RJD, BJP-led NDA's principal rival in Bihar, accusing it of ushering in "rule of jungle" while in power and charged its founding president Lalu Prasad with "theft of fodder" and "vulgar" remarks about Maha Kumbh.

      DEL66 JK-SHAH

      Want a Jammu and Kashmir where no life is lost due to terrorism: Amit Shah New Delhi: There is peace in Jammu and Kashmir and this peace has to be permanent, and the Narendra Modi government's aim is to make a Jammu and Kashmir where no life is lost due to terrorism, Union Home Minister Amit Shah said here on Monday.

      DEL55 PAR-PANEL-I-T-BILL

      Parliament panel examining I-T Bill holds first meeting New Delhi: The Finance Ministry on Monday briefed the members of a Select Committee of Lok Sabha on various aspects of the Income Tax Bill as the panel headed by BJP MP Baijayant 'Jay' Panda held its first meeting.

      DEL59 CPI(M)-NOTE-POLITICAL RESOLUTION

      Modi government not neo-fascist, in spite of manifestations of characteristics: CPI(M) New Delhi: Deviating from its usual practice, the CPI(M) has issued a note to its state units on the draft political resolution for the upcoming party congress. The note says the party does not consider the Narendra Modi government or the Indian State as "neo-fascist", even as there are manifestations of "neo-fascist characteristics".

      DEL67 BSF-PAK BORDER-TROOPS BSF mobilises more troops to units along Pak border in Punjab, Jammu; creates 9 'tactical' HQs

      New Delhi: The BSF has ordered mobilisation of additional manpower at posts along the India-Pakistan border in Punjab and Jammu as part of its measures to strengthen the anti-infiltration grid and check the intrusion of drones carrying ammunition or drugs, official sources said Monday.

      DEL68 MEA-JAISHANKAR-PEACEKEEPING

      India proud of its contributions to UN peacekeeping: EAM Jaishankar New Delhi: India will continue to contribute meaningfully to the cause of UN peacekeeping and it is committed to supporting Global South nations in building peacekeeping capacities, External Affairs Minister S Jaishankar said on Monday.

      DEL76 NIA-TN-RADICALISTAION

      NIA chargesheets man for radicalising youth, working towards establishing Islamic caliphate in India New Delhi: The National Investigation Agency (NIA) on Monday chargesheeted a man from Tamil Nadu for radicalising youth and working towards establishing Islamic caliphate in India, according to an official statement.

      BOM30 MH-FADNAVIS-OSDS

      Fadnavis approves 109 names as OSDs and PS to ministers; 'won't appoint fixers' Mumbai: Maharashtra Chief Minister Devendra Fadnavis on Monday said he cleared 109 out of 125 names referred by cabinet ministers for their appointment as personal secretaries or OSDs but didn't approve others because they are either facing inquiries or known as "fixers".

      BOM32 GJ-CONG-AICC SESSION-GOHIL

      Gujarat to host AICC session after 64 years Ahmedabad: When the Congress holds its AICC session in Ahmedabad in April, it will only be the third time in the party's 139-year-old history that Gujarat will host this mega conclave with the last one held 64 years ago in 1961 in Bhavnagar.

      BOM33 MH-PAWAR

      Anyone with self-respect would've quit, says Pawar on Munde; slams Gorhe for 'Merc' comment Mumbai: Anyone with self-respect would have quit, NCP (SP) supremo Sharad Pawar said on Monday amid demands that Maharashtra minister Dhananjay Munde resign after his close aide was held in a case that has made national headlines.

      BOM37 MH-LD-ALLAHBADIA

      India's Got Latent show row: Maharashtra Cyber questions Ranveer Allahbadia for around 5 hours Mumbai: Maharashtra Cyber officials questioned YouTubers Ranveer Allahbadia and Ashish Chanchlani for around five hours on Monday in connection with India's Got Latent show controversy after they appeared before the agency to record their statements, officials said.

      CAL38 AS-PM-SUMMIT-EXHIBITION

      PM to inaugurate biz summit exhibition with focus on Assam’s strengths, potential Guwahati: From Assam’s traditional textile industry, tourism potential to futuristic semiconductor units, the state’s traditional strengths and future potential will be on display at an exhibition to be inaugurated by Prime Minister Narendra Modi on Monday, as part of a business summit here.

      CAL42 WB-DOCS-LD MAMATA

      Mamata hikes salary of govt doctors, seeks strict punishment for RG Kar case culprit Kolkata: West Bengal Chief Minister Mamata Banerjee on Monday announced a salary hike for government doctors in the range of Rs 10,000 to Rs 15,000.

      MDS24 TL-TUNNEL-LD ALL

      Telangana tunnel collapse: Rescue ops continue while hope for survival of 8 trapped persons dims Hyderabad: After being trapped for over two days under debris and muck, the chances of survival of the eight persons in the SLBC tunnel following a partial collapse appear bleak, even as every effort is made to reach them.

      MDS23 KA-KUMARASWAMY-MUDA

      Lokayukta report on MUDA scam manipulated for CM Siddaramaiah''s convenience: Kumaraswamy Mysuru: Accusing Chief Minister Siddaramaiah of orchestrating the Lokayukta report to suit his convenience, Union Minister H D Kumaraswamy on Monday took a jibe at the Lokayukta, stating that the institution itself needs "divine protection" after it submitted a 'B Report' (one that gives clean chit) to the court regarding the first four accused in the MUDA scam case.

      LEGAL LGD14 GREEN-MAHAKUMBH-OPEN DEPECATION

      Plea on open defecation at Mahakumbh: NGT asks petitioner for supporting evidence New Delhi: The National Green Tribunal on Monday directed the petitioner to provide to the UP pollution body the supporting material to substantiate the allegations on open defecation at Mahakumbh in Prayagraj owing to the absence of functional or clean bio-toilets.

      LGD16 SC-ANTI-HIV DRUGS

      SC seeks replies from Centre, states over procurement, quality of HIV drugs New Delhi: The Supreme Court on Monday asked the Centre and the states to file their responses over the quality of anti-retroviral therapy drugs for treating HIV patients in the country.

      LGD19 SC-MENTAL HEALTH

      SC seeks info from Centre on central, state mental health facilities New Delhi: The Supreme Court has directed the Centre to inform it about the establishment and functioning of the Central Mental Health Authority, State Mental Health Authority and Mental Health Review Board.

      LGD23 SC-MISLEADING ADVERTISEMENTS

      Machinery for citizens to flag misleading ads needed: SC New Delhi: The Supreme Court on Monday underscored the importance of creating a mechanism for citizens to file complaints on misleading advertisements.

      LGD26 SC-SUB-CASTES-NOMENCLATURE

      Can caste certificate nomenclature be modified sans jeopardising rights? SC asks Centre New Delhi: The Supreme Court on Monday asked the Centre to consider changing the nomenclature but retain the character of rights of persons from the scheduled caste category to avoid using certain terms in the caste certificates issued to them.

      FOREIGN FES7 PAK-AZERBAIJAN-GWADAR

      CPEC's Gwadar Port may emerge as key trade hub for Pak, Azerbaijan as both explore deeper ties Islamabad: Gwadar Port, a key project of the China-Pakistan Economic Corridor (CPEC), could emerge as a key trade hub for Pakistan and Azerbaijan as the two countries explore deeper connectivity and infrastructure collaboration, according to a media report on Monday.

      FES8 PAK-INDIA-HINDUS

      Over 100 Hindu pilgrims from India arrive in Pak to attend religious festivities at Katas Raj temples Lahore: Over 100 Hindu pilgrims from India arrived in Lahore on Monday to attend religious festivities at Shri Katas Raj temples in Pakistan's Punjab province, an official said.

      PTI ARI ARI ARI

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