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    Loan Utsav 2026: Bajaj Finance Personal Loan Now Comes with an Exclusive Reward Bundle for Eligible Customers
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    Rupee falls 8 paise to 95.25 against US dollar in early trade
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    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
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    August 10, 2026
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    Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
    Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
    August 10, 2026
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    August 10, 2026
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    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
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    August 10, 2026
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    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
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    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
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    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
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    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
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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.
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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.
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    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.
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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.
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
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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.

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      Why did Netanyahu end Gaza ceasefire?

      March 18, 2025

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      Jerusalem, Mar 18 (AP) The wave of Israeli strikes that killed hundreds of Palestinians across the Gaza Strip early Tuesday was the culmination of Prime Minister Benjamin Netanyahu's efforts to get out of the ceasefire with Hamas that he agreed to in January.

      Since the start of the war, Netanyahu has faced duelling, possibly incompatible pressures: Families of the hostages want him to cut a deal with Hamas to free them, while his far-right coalition partners want to continue the war with the aim of annihilating the militant group.

      On Tuesday, he appeared to cast his lot with the latter — and US President Donald Trump's administration has backed Netanyahu's decision to unilaterally walk away from the ceasefire it took credit for brokering.

      Both Israel and the United States blame the renewed hostilities on Hamas' refusal to release more hostages before negotiations on ending the war proceed — which was not part of the ceasefire agreement. Israel has accused Hamas of preparing for new attacks, without providing evidence. The militant group has denied those allegations.

      Hamas — which has yet to respond militarily to the Israeli strikes — has spent weeks calling for serious talks on the ceasefire agreement's second phase, which calls for the release of the remaining living hostages in exchange for more Palestinian prisoners, a full Israeli withdrawal from Gaza and a lasting ceasefire.

      Those talks were supposed to begin in early February. Now they may never happen.

      What did the ceasefire agreement say? The agreement reached in January, under pressure from the outgoing Biden administration and the incoming Trump one, called for a phased ceasefire aimed at freeing all the hostages abducted in Hamas' October 7, 2023, attack and ending the war it caused.

      Under the first phase, which ran from January 19 to March 1, Hamas released 25 Israeli hostages and the bodies of eight others in return for nearly 1,800 Palestinian prisoners, including senior militants serving life sentences for deadly attacks.

      Israeli forces pulled back to a buffer zone, hundreds of thousands of Palestinians returned to what remained of their homes, and there was a surge of humanitarian aid.

      Each side accused the other of violations, and Israeli strikes killed dozens of Palestinians the military accused of engaging in militant activities or entering no-go zones. But the truce held.

      Still, the second phase was always seen as far more difficult.

      Through months of negotiations, Netanyahu had repeatedly cast doubt on it, insisting Israel was committed to returning all the hostages and destroying Hamas' military and governing capabilities — two war goals that many believe are irreconcilable.

      In a TV interview last June, Netanyahu cast doubt on the possibility of a lasting ceasefire before Hamas is destroyed. "We are committed to continuing the war after a pause, in order to complete the goal of eliminating Hamas. I'm not willing to give up on that,” he said.

      On January 18, the eve of the ceasefire, he said "we reserve the right to return to war if necessary with the backing of the United States.” Why did Netanyahu back out of the ceasefire? Agreeing to a permanent ceasefire would almost certainly plunge Netanyahu into a political crisis that could end his nearly uninterrupted 15-year rule.

      Far-right Finance Minister Bezalel Smotrich had threatened to leave the coalition if Netanyahu progressed to Phase 2 instead of restarting the offensive. Opposition parties have promised to support him in any agreement that brings back hostages, but his coalition would still be severely weakened, making early elections likely.

      By resuming the fighting, Netanyahu ensured Smotrich's continued support. After the strikes, the Israeli leader regained another far-right partner, Itamar Ben-Gvir, whose party had bolted in January over the ceasefire but returned to the coalition Tuesday.

      Beyond the political jockeying, Netanyahu's stated goal of annihilating Hamas would have almost certainly eluded him had he stuck with the ceasefire agreement.

      Hamas survived 15 months of Israeli bombardment and ground operations that killed over 48,000 Palestinians, according to local health officials, and destroyed much of Gaza. When the truce took hold, the militant group immediately reasserted its rule.

      There's no agreement on who should govern Gaza after the war, and even if the Western-backed Palestinian Authority were granted nominal control, Hamas would have strong influence on the ground and could rebuild its military capabilities.

      For many Israelis, especially Netanyahu's hawkish base and far-right allies, that would look like defeat. It would add to the criticism he already faces over security failures surrounding the October 7 attack, in which Hamas-led militants killed some 1,200 people, mostly civilians, and abducted 251.

      How did Netanyahu end the truce? After the first phase ended, Netanyahu said Israel had agreed to what he described as a new US proposal in which Hamas would release half the remaining hostages in return for a seven-week extension of the truce and a vague promise to launch negotiations over a lasting ceasefire.

      Hamas refused, pointing out that the new proposal was different from the one they had agreed to in January and again called for the immediate launch of talks on Phase 2.

      It even offered to return an America-Israeli and the bodies of four other hostages to get the talks back on track, an offer dismissed as “psychological warfare” by Israel. Trump's Mideast envoy, Steve Witkoff, said Hamas was claiming flexibility in public while making “entirely impractical” demands.

      In an attempt to impose the new arrangement on Hamas, Israel halted the import of all food, fuel and other humanitarian aid to Gaza. It later cut off electricity, affecting a vital desalination plant. Israel also said it would not withdraw from a strategic corridor on Gaza's border with Egypt, as stipulated in the agreement.

      In recent days, Israel stepped up strikes across Gaza, targeting people it said were planting explosives or engaging in other militant activities. On Tuesday, at around 2 am, it launched one of the deadliest waves of strikes since the start of the war.

      What has Trump said about the ceasefire? Trump took credit for brokering the ceasefire in January, but since then has appeared to sour on it. He has warned that “all hell” will break loose if Hamas does not immediately release the hostages, while saying that's a decision for Israel to make.

      Trump has also proposed that Gaza's roughly 2 million Palestinians be permanently relocated so the US can take ownership of Gaza and develop it as a tourist destination. Netanyahu has embraced the plan, which has been universally condemned by Palestinians, Arab countries and human rights experts, who say it would violate international law.

      The White House said it was consulted ahead of Tuesday's strikes and supported Israel's decision. (AP) GRS GRS

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