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    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
    ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executives
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    Raymond Limited reports a healthy Q1 FY27 performance
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    Technology, transparency key for urban cooperative banks to stay competitive: Shah
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    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
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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
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    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
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    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.

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      Shiv Nadar University Delhi-NCR and Springer Nature Expand Global Access to Research with Open Access Agreement

      February 27, 2025

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      • The event united policymakers, industry leaders, academics, and researchers to drive sustainability and align with United Nations Sustainable Development Goals.

      • Shiv Nadar University, Delhi-NCR also felicitated women faculty for outstanding contributions to research and academia.

      NEW DELHI, Feb. 25, 2025 /PRNewswire/ -- Shiv Nadar University, Delhi-NCR, and Springer Nature have signed a groundbreaking Fully Open Access (FOA) Memorandum of Understanding (MoU) today at the India Sustainability Conclave 2025. The MoU also includes a partnership with the Cureus series of journals covering engineering, computer science, business, and economics. This landmark agreement will provide wider access to the University's high-impact, multi-disciplinary research, enabling greater global knowledge exchange and innovation.

      Professor Ananya Mukherjee, Vice-Chancellor of Shiv Nadar University Delhi-NCR, said, "This agreement marks a milestone in our vision for a more open, accessible research landscape. By broadening the reach of our academic work, we are contributing to the global discourse on sustainability and empowering change-makers across the world to drive innovative solutions for a sustainable future. Sustainability is a collective effort, and it will be great if we all can work together to advance this crucial mission." The event, hosted at the University's campus, brought together policymakers, industry leaders, academics, and researchers with a shared goal of advancing sustainability and aligning efforts with the United Nations Sustainable Development Goals (SDGs).

      Delivering the keynote address, Shikhar Malhotra, Chancellor of Shiv Nadar University, Delhi-NCR, said, "At Shiv Nadar University, we believe that transformative research thrives at the intersection of academic rigour and real-world relevance. With Springer Nature, we begin a new partnership today, and I urge our faculty, research scholars, and students to maximise the benefits of this relationship for both partners. We see Shiv Nadar University, Delhi-NCR to be at the forefront of leading change, and through the questions we ask and the solutions we provide, we can truly shape the future." This was followed by a special address from Professor Dhananjay Singh, Member Secretary of the Indian Council of Social Science Research (ICSSR), who highlighted the importance of research and innovation in addressing global sustainability challenges.

      Venkatesh Sarvasiddhi, Managing Director, Springer Nature India Private Limited, added, "We are pleased to see that the India Sustainability Conclave 2025 has brought together key stakeholders from across industry, academia and government to develop solutions for sustainability challenges. We are delighted to partner with Shiv Nadar University via our Fully Open Access agreement, reinforcing our shared vision of making high-quality research widely available to drive real-world change. I am sure this partnership will help provide impetus to ethical and indigenous research on sustainability and help widen its reach globally." A key highlight of the event was the panel discussion on "Bridging Research Through Industry and Academia", moderated by Venkatesh Sarvasiddhi, Managing Director of Springer Nature. The discussion featured esteemed panellists, including Dr. Shashank Shah, Director, Higher Education, NITI Aayog; Dr. Suneet Tuli, Dean School Of Engineering, Shiv Nadar University, Delhi-NCR; Dr. Gitanjali Yadav, Group Leader, National Institute of Plant Genome Research (NIPGR); PP Sunil Acharya, India & South Asia Lead: Education, Space, NPO, Channels & Alliances, AWS. Together they explored the collaborative role of industry, academia, and government in advancing impactful sustainability initiatives.

      During the event, six outstanding women faculty members from Shiv Nadar University, Delhi-NCR were felicitated for their immense contributions. These faculty members included Professor Bimlesh Lochab, Department of Chemistry; Dr. Geetanjali Chawla, Department of Life Sciences; Dr. Ipsita Mandal, Department of Physics; Dr. Vijayta Fulzele, School of Management and Entrepreneurship; and Dr. Sumedha Moharana, Department of Civil Engineering.

      About Shiv Nadar University, Delhi-NCR Shiv Nadar University, Delhi-NCR, is a student-centric, multidisciplinary research university offering various academic programs at the undergraduate, graduate, and doctoral levels. The Institution was set up in 2011 by the Shiv Nadar Foundation, a philanthropic foundation established by Mr. Shiv Nadar, founder of HCL. As per QS Asia 2024 rankings, Shiv Nadar University, Delhi-NCR, India's youngest Institution of Eminence (IoE), is placed amongst the top 36% institutions in Asia and is ranked 41 amongst Indian institutions. As per the Nature India Index 2023, it was ranked amongst the top 30 Indian institutions for research. In the Government's National Institutional Ranking Framework (NIRF), Shiv Nadar IoE has been the youngest institution in the 'top 100' Overall list for six consecutive years. In NIRF-2024, it ranked 62 in the 'University' category.

      About Shiv Nadar Foundation Established in 1994, by Shiv Nadar, Founder, HCL - a US$13.8 billion leading global technology enterprise, the Foundation is committed to the creation of a more equitable, merit-based society by empowering individuals through transformational education, and to bridge the socio-economic divide. Over the last 30 years the Foundation has directly touched the lives of over 39,000 alumni and students through its marquee institutions in literacy, K12 and higher education. Today, the Foundation has a community of over 100,000 constituents, which includes not only globally dispersed alumni and students but also faculty members, corporate executives, and extended families.

      The Foundation has invested over US$1.5 billion in its seven landmark institutions and initiatives across education and art. Currently, over 16,000 students and over 2,700 faculty and staff are part of the Foundation along with more than 26,000 strong globally dispersed alumni community.

      The Foundation's students have gone to study at some of the best institutions globally including the Ivy League in the US and top universities in other countries including Australia, Singapore, China, and UK. Students are also working in major corporations, including Goldman Sachs, Honda, HP, Schindler, and several others both in India and across other geographies. Faculty across the Foundation institutions are drawn from the best Indian and international universities, with a strong focus on research and innovation.

      The Shiv Nadar Foundation pursues the philosophy of 'Creative Philanthropy'. It is a powerful model which envisages creation of institutions that are built to last and continue to impact future generations. It is an approach that allows sustained institutionalised philanthropy for long-term, high-impact, socio-economic transformation.

      About Springer Nature: At Springer Nature, we are proud to be part of progress, working together with the communities we serve to share knowledge and bring greater understanding to the world. Every day our books, journals, platforms, and technology solutions reach millions of people; helping researchers to uncover new ideas and share their discoveries, health professionals to stay at the forefront of medical science, and educators to advance learning. Through our leading brands, trusted for more than 180 years, and our steadfast commitment to the most rigorous standards, we help accelerate solutions to the world's urgent challenges and inspire generations to come. For more information, please visit about.springernature.com and @SpringerNature.

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

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