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    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
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    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
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    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
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    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
    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
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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.
    August 7, 2026
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    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.

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      KRAFTON India Upgrades BGMI with the 3.7 Update, Featuring the RONDO Map, Golden Dynasty Mode and India-Exclusive Features

      March 13, 2025

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      Bengaluru, Karnataka, India – Business Wire India • ​​The 3.7 update brings the all-new RONDO map, Golden Dynasty Mode, Next-Gen Vehicles, and Weapons offering an even more dynamic battlefield • Adds localized elements like Hindi voice packs and in-game events, including the BGMI Cricket League Exchange Center KRAFTON India today announced the launch of the highly anticipated BGMI 3.7 Update, bringing an expansive new battleground, Rondo Map, the immersive Golden Dynasty Mode, and a range of localized enhancements designed exclusively for Indian players. With a player-first approach, this update seamlessly integrates global innovations with India-centric experiences, reinforcing KRAFTON India’s commitment to delivering world-class gameplay tailored for its 200M+ strong community. The 3.7 Update marks a significant step in BGMI’s evolution, ensuring players experience fresh, high-intensity action, deeper strategic play, and richer storytelling that pushes the boundaries of mobile battle royale gaming.

      ​​Speaking on the development, Minu Lee, Head of IN Publishing Department, Krafton India, stated, “BGMI continues to evolve with every update, and with 3.7, we are delivering one of the most innovative gameplay experiences ever seen in the game. Krafton Original Rondo Map and Golden Dynasty bring fresh strategic depth, while localized features ensure that Indian players feel a deeper connection to the game. Our commitment remains strong – to provide cutting-edge, engaging, and culturally relevant content for our BGMI community.” ‘8x8 km Krafton Original Rondo Map’ – A Fresh Battlefield with High-Stakes Action ‘Rondo’ is an all-new battleground where modern cities and traditional nature coexist in harmony. Designed to challenge players with its unique terrain, innovative mechanics, and dynamic gameplay, this vast 8x8 km map blends tranquil bamboo forests, expansive lakes, and neon-lit cityscapes, making every drop a high-octane adventure and offering players a mix of open and close-quarters combat.

      • Key locations: • Jadena City – A bustling urban environment filled with high-rise buildings, escalators for rapid movement, and dense alleyways that create opportunities for vertical and close-range engagements.

      • NEOX Factory – An industrial combat zone with a vehicle test track and production facility, offering both long-range and vehicle-based combat scenarios.

      • Yu Lin – A lush forested area with ponds and thick vegetation, providing natural cover and ideal for stealth-focused players.

      • Tin Lung Garden – Inspired by martial arts landscapes, this scenic area features rocky mountains, waterfalls, and traditional architecture, making for an immersive combat setting​.​​ • Game-Changing Features in Rondo • Deployable EMP devices – A new tool that can be strategically placed to disable enemy electronics, scopes, and vehicle functions, creating opportunities for ambushes.

      • Dual flight paths – The map features two possible flight routes, allowing for diverse drop locations and alternative strategies for early-game positioning.

      • High-speed transport options – Players can take advantage of faster movement vehicles and unique transport hubs for quicker rotations.

      • Escalators & moving walkways – A game-changing mobility feature allowing for faster movement between key locations in urban environments.

      • Destructible terrain mechanics – Players can use explosives or melee tools to create new entry points, take down cover, or open up hidden areas.

      • Dynamic weather variations – The battlefield can shift between clear, foggy, and stormy conditions, impacting visibility and forcing adaptable combat strategies.

      • Multi-plane system – Randomly assigns players to different aircraft, ensuring varied drop dynamics and unexpected early-game encounters. Bamboo destruction mechanics – Bamboo forests can be destroyed using throwables and vehicles, offering new tactical opportunities for ambushes.

      • Pickaxe melee weapon – A tool that allows players to break barriers, create openings, or dismantle specific structures, enhancing the interactive environment.​ Golden Dynasty Mode – Time-Altering Combat in a Mystical Kingdom The all-new Golden Dynasty Mode transports players to a realm of ancient grandeur, where floating islands, regal palaces, and time-bending warfare redefine strategic engagements. Key features include: • Set in a mystical kingdom with floating islands and regal palaces, bringing an element of fantasy to battle royale combat.

      • Reversal Blade – A unique melee weapon that lets players rewind a few seconds of their movements and health, providing an edge in combat.

      • Golden Scepter – A tactical deployable that creates a resurrection zone, allowing teammates to be revived at a fixed location.

      • Palace Conquest – A strategic mode where squads must compete to secure a grand palace, gaining exclusive loot and team-wide perks.

      • Camel Mounts – Players can traverse vast desert landscapes on camels, making rotation and positioning more dynamic.

      Next-Gen Vehicles, Weapons & Gameplay Enhancements To further enhance engagement, the update introduces new vehicles and weapons, expanding the game’s arsenal and tactical mobility including: • 6-Seater Pico Bus – A futuristic electric vehicle with acceleration boosts and energy regeneration, perfect for team-based rotations.

      • Blanc SUV – A rugged off-road vehicle with additional storage, designed for high-speed chases and quick getaways.

      • JS9 SMG – A new bullpup submachine gun with low recoil and high fire rate, ideal for mid-range and close-quarter combat.

      • Explosive Bow – A silent yet devastating long-range weapon that allows for stealthy eliminations and environmental damage.

      • Stun Gun – A tactical short-range weapon that immobilizes opponents temporarily, creating new crowd-control possibilities.

      • Armor Repair Stations – Players can now restore damaged armor mid-match, increasing survivability in extended engagements.

      • Ghillie Suit (Forest) – A camouflage suit optimized for Rondo’s dense vegetation, offering an advantage for stealth players.

      Localized Enhancements, India-Exclusive Features & Exciting In-Game Events • Hindi voice packs – Improving in-game communication for Indian players, making coordination more immersive.

      • Culturally inspired content – Special region-specific in-game rewards, designed to resonate with Indian players.

      • Classic Map Enhancements – Upgrades to Mylta Power, Erangel Bridge, and other locations, ensuring improved textures, optimized performance, and better cover placements.

      • Reminisce Fragment – A new exploration-based feature that rewards players with high-value loot upon interaction.

      • India-focused events – India-first community-driven experiences including • Golden Moon Event – • Moonlit Warfare: Special night-themed battles with adaptive vision mechanics.

      • Exclusive Golden Rewards: Limited-edition outfits, weapon skins, and collectibles.

      • Time-Limited Challenges: Missions unlocking elite XP, in-game currency, and rare cosmetic items.

      • BGMI Cricket League Exchange Center – A limited-time IPL-inspired event where players can vote for their favorite teams and exchange in-game rewards.

      ​The BGMI 3.7 update is now available for download, and players can jump into the action today! For the latest updates, follow BGMI’s official YouTube, Instagram and Facebook pages.

      About KRAFTON, Inc.

      Headquartered in South Korea, KRAFTON, Inc. is dedicated to discovering and publishing captivating games that offer fun and unique experiences. Established in 2007, KRAFTON is home to globally renowned developers that include PUBG STUDIOS, Striking Distance Studios, Unknown Worlds, VECTOR NORTH, Neon Giant, KRAFTON Montréal Studio, Bluehole Studio, RisingWings, 5minlab, Dreamotion, ReLU Games, Flyway Games, Tango Gameworks and inZOI Studio. Each studio strives to continuously take on new challenges and leverage innovative technologies. Their goal is to win over more fans by broadening KRAFTON’s platforms and services. With a passionate and driven team across the globe, KRAFTON is a tech-forward company that possesses world-class capabilities and is set on expanding its business horizons to encompass multimedia entertainment and deep learning. For more information, visit www.krafton.com.

      About KRAFTON India In India, KRAFTON is responsible for premier mobile games, including BATTLEGROUNDS MOBILE INDIA (BGMI), which has surpassed 200 million downloads, Bullet Echo India, Road To Valor: Empires, and CookieRun India, among others. Committed to enhancing the start-up ecosystem in India, KRAFTON has invested over $170 million in several Indian startups across interactive entertainment, gaming, Esports, and technology, since 2021. KRAFTON actively supports India’s game development ecosystem through its KRAFTON India Gaming Incubator (KIGI) while strengthening the Esports ecosystem with flagship events like the BATTLEGROUNDS MOBILE INDIA SERIES (BGIS) and BATTLEGROUNDS MOBILE INDIA PRO SERIES (BMPS). For more information, visit  https://krafton.in/ To View the Image, Click on the Link Below: Experience the next era of BGMI; New map, new mode, next-level action! (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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