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    Previous LDF govt didn't fulfil many obligations related to Vizhinjam port: CM Satheesan
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    Regional Rural Banks (RRBs) Record Strong Growth in Credit Delivery during FY 2025–26
    METSTO Delivers Adjustable Pallet Racking System Solutions for Warehouses
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    Cyber fraudsters invent 'boss' scam to target companies; Ahmedabad cops bust international network
    Personal Loan Prepayment Charges: What RBI Rules Say in 2026
    Zeeba Revamps Packaging and Announces Chef Vikas Khanna as Its Global Brand Ambassador
    Paul Merchants Finance Launches Loan Against Silver, Becomes India’s First NBFC to Set Up Exclusive Silver Loan Branches
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    Keralam CM flags off containers from Vizhinjam, marking start of EXIM operations
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    August 18, 2026
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    Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
    Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.
    August 18, 2026
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    Public sector banking competitiveness requires distinct institutional strengths, early capability building and strategic support for economic growth priorities.
    Public sector banks are urged to use their customer base, branch networks, geographic reach, institutional experience and digital capabilities to build stronger competitive positions and leadership. Each bank may develop distinct areas of excellence based on geography, customer relationships, sectoral expertise, technology capabilities or international presence. Strategic priorities include deposit mobilisation, banking for youth, support for investment and global capability centres, agriculture and horticulture infrastructure, credit-card business reorientation and priority sector lending.
    August 18, 2026
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    Youth-focused banking requires public sector banks to deliver personalised digital services, financial awareness, and responsible credit engagement.
    Public sector banks are urged to implement sustained youth-focused banking through campus outreach, simple personalised round-the-clock services, dedicated youth support and financial awareness. Engagement should develop long-term relationships beyond account opening while preserving prudential standards. Youth should receive guidance on the formal credit ecosystem, including credit scores, credit history, bank credit products and government credit schemes, to support responsible credit discipline and future financial needs. A dedicated portal may provide a single access point for banking awareness and suitable financial opportunities.
    August 18, 2026
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    Taxpayer service improvement and litigation reduction guide administrative planning for stronger infrastructure, systems, coordination and future tax department functioning.
    Improvement of taxpayer services, reduction of tax litigation, infrastructure strengthening and preparation of an actionable roadmap for future Income Tax Department functioning were considered as operational priorities. Deliberations covered e-HRMS, service matters, reservation policy, systems administration, capacity building, expenditure budgeting, TDS administration, inter-agency coordination, and office infrastructure. Officials identified institutional challenges and priorities for strengthening taxpayer-facing and internal departmental functions.
    August 18, 2026
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    Duty-free UK market access strengthens export opportunities for Indian goods and services, supporting MSMEs, agriculture, manufacturing and global value-chain participation.
    India-UK Comprehensive Economic and Trade Agreement provides duty-free access to the UK market for nearly all Indian exports and may improve the competitiveness of Haryana's manufacturing, agricultural, MSME and services sectors. Preferential access covers products including textiles, engineering goods, auto parts, processed foods and pharmaceuticals, while agricultural exports remain subject to exceptions for sensitive products. The agreement also provides market access across 137 UK services sub-sectors, supporting IT, digital, professional, financial and technical services and facilitating global value-chain participation.
    August 18, 2026
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    Youth banking outreach promotes campus engagement, financial awareness, responsible credit discipline and long-term access to formal banking services.
    Public sector banks are urged to conduct a month-long "Banking for Youth" outreach campaign from 2 October 2026 for persons above 16 years of age. Outreach through educational and skill-development campuses should combine account opening, financial awareness and direct engagement. Banks should develop tailored youth strategies to build long-term banking relationships. Proposed measures include online learning content, lifestyle-linked benefits, dedicated youth banking support, and awareness of credit scores, credit products and government credit schemes. A dedicated youth banking-awareness portal may serve as a single access point for appropriate banking services and financial opportunities.
    August 18, 2026
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    Competition approval for Prudential's acquisition of equity shareholding in an Indian life insurer supports the proposed insurance-sector combination.
    Competition approval has been granted for Prudential Corporation Holdings Limited to acquire certain equity shareholding in Bharti Life Insurance Company Limited. The acquirer is the holding company for its group's insurance and asset-management operations in Asia and supports operations in Asia and Africa. The target is an IRDAI-licensed Indian life insurer.
    August 18, 2026
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    Suspicious foreign remittance verification targets shell entities and requires accountants to conduct diligent taxability checks before certification.
    Verification of suspicious outward foreign remittances focuses on entities with little or no reported business activity, their controllers, and accountants issuing tax-determination certificates. Scrutiny addresses remittances disproportionate to reported turnover, non-filers, entities not operating from declared addresses, and payments whose stated purposes appear inconsistent with reported activity. Form 15CB/Form 146 certification requires accountants to examine taxability through books of account and relevant documentation, validating tax deduction at source and applicable treaty compliance. Accountants must exercise due care, diligence and professional judgment before certifying remittances.
    August 18, 2026
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    Fair Price Shop regulation introduces graded stock-shortage penalties, mandatory FIRs for major discrepancies, and restructured licensing requirements.
    Fair Price Shop regulation introduces quantity-based penalties for stock discrepancies, ranging from performance-guarantee forfeiture and replenishment obligations to interim suspension, cancellation-related action and mandatory FIR registration for major shortages. Repeated or deliberate diversion or manipulation of public distribution supplies may lead to cancellation, blacklisting and FIR registration. Licensing now includes continuing regular licences and short-term temporary licences, with wider eligibility, points-based selection, card-linked performance guarantees and compulsory approved e-PoS, weighing-scale and iris-scanner use.
    August 18, 2026
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    Priority sector lending strengthened rural credit access through agricultural, micro-enterprise and weaker-section finance, reinforcing financial inclusion and sustainable development.
    Regional Rural Banks expanded rural credit delivery while maintaining strong Priority Sector Lending performance during FY 2025-26. Almost all Regional Rural Banks met the prescribed overall priority-sector target. Agriculture and allied activities remained the largest priority-sector component, with farm credit accounting for nearly all agricultural lending. MSME finance predominantly supported micro enterprises, rural entrepreneurs, artisans and small businesses. Lending to weaker sections and finance for housing, education, renewable energy and social infrastructure promoted inclusive access to institutional credit and sustainable rural development.
    August 18, 2026
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    Adjustable pallet racking systems support customised, scalable warehouse storage through configurable layouts, safety assessment, installation and lifecycle support.
    Adjustable pallet racking systems are configurable warehouse-storage solutions for varied inventory dimensions, weights and product types. They support bulk pallet storage, multi-level picking and high-density configurations through adjustable beams and shelves, load-bearing capacity, structural durability and space-efficient layouts. Storage configurations are customised after assessing inventory dimensions, payload requirements, available space and material-movement frequency, with support for design, installation, inspections and after-sales service.
    August 18, 2026
    Show AI Summary
    Domestic consumption expansion targets lower-tier markets through improved retail channels, distribution networks, employment support and household income opportunities.
    China has introduced measures to strengthen domestic consumption in counties, smaller cities, townships and rural areas. The measures include upgrading township commercial centres, rural markets and local fairs; encouraging domestic and international brands to establish regional debut stores; and reusing existing land resources to improve services. They also seek better services for elderly persons and children, stronger urban-rural distribution networks, county-level employment and resident income channels. The strategy supports a shift towards household consumption amid weak domestic demand, property-sector pressures and subdued consumer sentiment.
    August 18, 2026
    Show AI Summary
    Currency management preserves monetary sovereignty through clean notes, secure logistics, decentralised distribution, durable banknotes, and sustainable cash-cycle operations.
    Currency management supports trust in cash and monetary sovereignty through demand planning, secure production, distribution, replacement, and disposal. The Clean Note Policy requires good-quality banknotes to be available in required denominations and locations, with unfit notes continuously withdrawn and replaced. A decentralised Currency Chest network distributes fresh currency, processes returned notes, supports linked bank branches, and operates under licensing, real-time reporting, inspection, and audit requirements. Current priorities include managing uncertain cash demand, improving note durability, and reducing the carbon footprint of the cash cycle.
    August 18, 2026
    Show AI Summary
    Independent investigation of alleged dubious transactions requires examination of all six allegations despite prior police conclusions.
    Investigation into alleged dubious transactions involving Indiabulls Housing Finance Limited and related entities must cover all six allegations identified by the Enforcement Directorate. The CBI must independently examine five allegations previously reviewed by the Delhi Police Economic Offence Wing, irrespective of its conclusion, and submit a comprehensive report. Further investigation into the sixth allegation depends on the special PMLA court deciding the CBI's pending application, after which the CBI must provide a progress or status report.
    August 18, 2026
    Show AI Summary
    Boss scam prevention requires independent verification of payment requests and avoidance of malicious WhatsApp attachments that enable executive impersonation.
    Boss scam, or CEO impersonation fraud, uses malicious WhatsApp attachments and impersonation of regulatory officials or company executives to obtain control of WhatsApp sessions and issue fraudulent payment instructions. The alleged network supplied SIM cards, dummy SIMs, WhatsApp accounts and one-time passwords to cyber-fraud operators, illustrating a Cybercrime as a Service model. Preventive measures include avoiding suspicious ZIP, executable, library and APK files and independently verifying all financial-transfer requests.
    August 18, 2026
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    Floating-rate personal loan prepayment protections prohibit charges and compulsory lock-ins for qualifying individual non-business borrowers from 2026.
    Prepayment charges are prohibited for part or full repayment of qualifying floating-rate loans availed by individual borrowers for non-business purposes and sanctioned or renewed on or after 1 January 2026. Compulsory lock-in periods cannot restrict prepayment of such loans. Fixed-rate personal loans may still attract prepayment or foreclosure charges under lender policy and contractual terms. Borrowers should check the loan's rate type, sanction letter, loan agreement and key fact statement, where applicable, and compare applicable charges with potential interest savings before early repayment.
    August 18, 2026
    Show AI Summary
    Premium Basmati rice positioning drives Zeeba's packaging refresh and ambassador-led campaign focused on quality, authenticity and domestic expansion.
    Zeeba has refreshed its packaging and appointed Chef Vikas Khanna as global brand ambassador to support expansion in India. Its "Aisa Basmati Nahi Dekha" campaign positions the brand around export-quality Basmati rice, consistency, authenticity and a superior culinary experience. Promotional activity will extend across digital, retail and consumer touchpoints. The premium Basmati range is described as carefully sourced, naturally aged and processed according to global quality standards, with emphasis on grain quality, authentic taste, purity and consistency.
    August 18, 2026
    Show AI Summary
    Silver-collateral lending creates a formal secured-credit channel for eligible borrowers, subject to regulatory requirements and lender policies.
    Loans against silver collateral have been introduced following the Reserve Bank of India's Lending Against Gold and Silver Collateral Directions, 2025, enabling eligible regulated lenders to accept silver as security. The offering provides a formal and transparent credit channel against eligible silver jewellery, ornaments and approved silver coins. It is intended for individuals, proprietors and MSMEs requiring liquidity for personal, business and other legitimate financial needs, subject to lending policies and applicable regulatory requirements.
    August 18, 2026
    Show AI Summary
    Healthcare discount membership provides instant savings on out-of-pocket care at participating premium providers without insurance claims or paperwork.
    CarePass is a healthcare savings membership card providing instant point-of-billing discounts at participating premium healthcare providers across India. It covers out-of-pocket spending on hospital treatment, diagnostics, dental, vision, dermatology, hair and skin care, and IVF and maternity services, without claim processing, waiting periods or paperwork. Members present a digital CarePass at a participating provider to receive the applicable discount. Four membership tiers offer differing benefits, with higher tiers including tele-consultations and annual health checks. CarePass is a discount membership and not an insurance product.
    August 18, 2026
    Show AI Summary
    EXIM operations at Vizhinjam commence with container movement, supported by investor facilitation, infrastructure backing and port-led logistics development.
    EXIM operations at Vizhinjam international seaport commenced with the flagging off of two containers after a successful trial export shipment. The state government proposes investor engagement, regulatory facilitation and infrastructure support to expand global export activities through the port. Mission Samudra is to operate as a port-led industrial and logistics development scheme. The deep-water port was developed under a public-private partnership model and had received commercial commissioning certification.

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      Rupee logo change: DMK defends move, Oppn lashes out at Stalin govt

      March 13, 2025

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      Chennai, Mar 13 (PTI) The ruling DMK in Tamil Nadu on Thursday stoutly defended its party-led government replacing the Indian rupee symbol with a Tamil letter in its logo for the budget 2025-26, saying there was nothing wrong in using the native language. No rule barred the dispensation from such a move, the party argued.

      The opposition AIADMK and BJP flayed the MK Stalin-led government over the matter, calling it a ploy to divert public attention from other issues.

      State Finance Minister Thangam Thennarasu is scheduled to table the budget for 2025-26 on Friday in the TN Assembly.

      The logo for the budget, released by the government on Thursday carried 'Ru', the first letter of the Tamil word 'Rubaai' which denotes the Indian currency in the vernacular language.

      The move was slammed by BJP TN chief K Annamalai.

      "The DMK Government's State Budget for 2025-26 replaces the Rupee Symbol designed by a Tamilian, which was adopted by the whole of Bharat and incorporated into our Currency. Thiru Udhay Kumar, who designed the symbol, is the son of a former DMK MLA. How stupid can you become, Thiru @mkstalin?," he said in a social media post.

      He also shared the logo of the 2024-25 TN budget that had the Indian rupee symbol.

      Responding, DMK spokesperson Saravanan Annadurai said no law "opposed or stopped using Ru in Tamil." "Then why such anger," he asked in a post on 'X.' Senior BJP leader and former state unit chief Tamilisai Soundararajan also slammed the DMK.

      "We feel very sorry for the attitude of the Tamil Nadu Chief Minister (Stalin) and the Tamil Nadu government," she told PTI Vidoes.

      It was "stupidity" like Annamalai said, she said and asked why the change has been effected after so long and if they have "become Tamil now." "They are against national integrity, national unity," she said.

      AIADMK senior and former minister D Jayakumar accused the ruling DMK dispensation of enacting a drama to divert people's attention over the issues afflicting Tamil Nadu.

      "This is nothing but an opportunistic government, which wants to change the symbol. What will people expect from the budget tomorrow other than a reduction in the prices of milk and other essential commodities, a cut in property tax and power tariff, and other measures to reduce their burden," Jayakumar told reporters here.

      Without fulfilling all these, the government wanted to change the rupee symbol. "Will this fill the hungry mouths of the poor? This is mere deception....what is the use in this. The government should do something useful for the people." Kovai Sathyan, AIADMK spokesperson, said Stalin has gone one step further in the language row by dropping the Rupee symbol from the state Budget logo.

      "This is the culmination of all the drama and theatrics that he has shown in the last four years...my only question is will he borrow only if the symbol is incorporated in the currency? Will he release salary to the government staff only if this symbol is incorporated on the currency? Let him say it and AIADMK will be the first party to go support him," Sathyan said.

      Tamil Nadu State Planning Commission Executive Vice-Chairman J Jeyaranjan asserted "we don't want to use the Devanagari. That's all." When asked why shun a symbol designed by a Tamilian, he replied, "Tamils have achieved many things. We can't accommodate everything." DMK MLA Ezhilan Naganathan justified the move and said there was nothing wrong in using the mother tongue.

      "Using the mother tongue for all purposes is the theme of any Union Government principles that they have set. So, it is falling on those lines," Exhilan told reporters here.

      "It is very clear we had a Tamil transcript of the Budget and for that Tamil 'Ru' for Rupee has been used. So, we are using the mother tongue for official purposes which is mandatory everywhere," he explained.

      BJP state vice president Narayanan Thirupathy said Stalin has proved he would 'stoop' down to any level to hide the failures of his Government in the last four years, by replacing rupee symbol that has been accepted not only in India but throughout the world.

      "It is not only laughable but also childish and immature to do this and people would laugh at this silly attitude. It's time people said Good Bye to @arivalayam. It is interesting to note that the ‘₹’ symbol was designed in 2010 by a Thamizhan and that too a son of former @arivalayam (DMK) during the UPA rule in which @arivalayam was also a part," Narayanan said in a post on X.

      The issue has come in the backdrop of the language tussle between the DMK-led TN government and the BJP-led NDA dispensation at the Centre.

      The DMK has argued the Centre wants to 'impose' Hindi on Tamil Nadu through the implementation of the 3-language formula in the NEP and asserted that its government in the state will not follow it but only stick to its decades-old 2-language policy of Tamil and English.

      The three-language formula in NEP 2020 recommends that students learn three languages, at least two of which must be native to India. It has not specifically mentioned Hindi. This formula applies to both government and private schools, giving states the flexibility to choose languages without any imposition.

      According to a government portal, the rupee symbol is an amalgam of Devanagari "Ra" and the Roman Capital "R" with two parallel horizontal stripes running at the top representing the national flag and also the "equal to" sign.

      "The Indian Rupee sign was adopted by the Government of India on 15th July, 2010," it said. PTI JSP SA

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