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    August 8, 2026
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    August 8, 2026
    Raymond Limited reports a healthy Q1 FY27 performance
    Show AI Summary
    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
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    Show AI Summary
    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
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    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
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    Show AI Summary
    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
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
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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
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    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.
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    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.
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    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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    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.
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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.
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      Home› news › Income Tax › 2012 › October, 2012 › This
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      Advisory for Attending Economic Editors’ Conference-2012

      October 1, 2012

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      Press Information Bureau

      Government of India

      Ministry of Finance

      01-October-2012 18:32 IST

      The Economic Editors’ Conference (EEC-2012) will be held on 8th and 9th October, 2012. Union Finance Minister Shri P. Chidambaram will inaugurate the Conference at 11.00 a.m. on October 8, 2012 and interact with media during the opening session.  The venue of the Conference is PIB Conference Hall, Shastri Bhawan, New Delhi. 

      Union Ministers for the Ministries of Communication & IT, Railways, Road Transport & Highways, Agriculture, Civil Aviation, Power, Corporate Affairs and Petroleum & Natural Gas will address other sessions of the two day Conference.  The Conference is open to registered delegates only, who have been sent specific invitation for the purpose.  However, sessions on various Ministries can also be attended by the beat correspondents of the concerned Ministry.

       Entry for each session will be on the basis of a specific card.  Beat correspondents covering different Ministries can collect this card from their respective Departmental Publicity Officer (DPO) from October 5, 2012 during office hours. The schedule of the Conference is as under:

       SCHEDULE OF ECONOMIC EDITORS’ CONFERENCE-2012

      October 8, 2012 (Monday)

      9:00 a.m. to 11:00 a.m.  Registration of delegates

      11:00 a.m. to 12:45 p.m.    Inauguration by Union Finance Minister Shri P. Chidambaramfollowed by FM’s address and media interaction

      12:45 p.m. to 2:30 p.m.      Lunch

      2:30 p.m. to 3.30 p.m.  Ministry of Communication & IT

      3:30 p.m. to 4:00 p.m.  Tea

      4:00 p.m. to 5:30 p.m. Ministries of Railways and RT & Highways             

      October 9, 2012 (Tuesday)

      10:00 a.m. to 11:00 a.m. Ministry of Agriculture

      11:00 a.m. to 11:30 a.m.  Tea

      11:30 a.m. to 12:30 p.m.  Ministry of Civil Aviation

      12:30 p.m. to 2:15 p.m. Lunch & Reimbursement of claims

      2:15 p.m. to 3:15 p.m.  Ministries of Power and Corporate Affairs                              

      3:15 p.m. to 3:45 p.m.   Tea

      3:45 p.m. to 4:45 p.m. Ministry of Petroleum & Natural Gas

                                                     

      (D.S. Malik)

      ADG (M&C)

       M/o Finance

      1.10.12

       

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