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    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
    RJD criticises UDF govt's move not to disburse pensions through cooperative banks
    Raymond Limited reports a healthy Q1 FY27 performance
    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
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
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    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.
    August 7, 2026
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    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.

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      HIGHLIGHTS

      March 27, 2025

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      New Delhi, Mar 27 (PTI): Following are the top stories at 5.20 pm: NATION DEL17 OPPN-SPEAKER-LETTER

      Oppn flags 'denial of speaking opportunity' to LoP, 'politicisation' of Birla's remarks New Delhi: An opposition parties' delegation met Lok Sabha Speaker Om Birla on Thursday to flag denial of opportunity to Leader of Opposition Rahul Gandhi to speak in the House, as well as the "politicisation" of his asking the Congress leader to follow the rules of procedure.

      DEL16 PM MODI-YUNUS-NATIONAL DAY

      Bangladesh National Day testament to our shared history: PM Modi to Yunus New Delhi: Greeting Bangladesh Chief Adviser Muhammad Yunus and people of the neighbouring country on its National Day, Prime Minister Narendra Modi has said this day "stands as a testament to our shared history and sacrifices, that have laid the foundation of our bilateral partnership."

      MDS7 TN-ADITYANATH-STALIN

      Language row: Stalin slams UP CM; says ‘darkest political black comedy’ Chennai: Tamil Nadu Chief Minister M K Stalin on Thursday lashed out at his Uttar Pradesh counterpart Yogi Adityanath on the language row, dubbing his remarks as "political black comedy" and said his state was not opposing a language, but its "imposition and chauvinism".

      DEL39 RSQ-CHINA-DAM

      Carefully monitoring all developments related to Brahmaputra: Govt on China's dam project New Delhi: The government is "carefully" monitoring all developments relating to the Brahmaputra river, including plans by China to construct a hydropower project, and taking necessary measures to protect the country's interests, the Parliament was informed on Thursday.

      DEL38 JK-HURRIYAT-LD SHAH

      2 more Hurriyat groups denounce separatism, repose faith in Modi-led Bharat: Amit Shah New Delhi: Union Home Minister Amit Shah on Thursday said two more constituents of the Jammu and Kashmir-based Hurriyat Conference have discarded separatism and reposed their faith in the new Bharat built by Prime Minister Narendra Modi.

      PAR10 RS-LD PRIVILEGE NOTICE

      Dhankhar rejects privilege notice against Amit Shah, says no transgression New Delhi: Rajya Sabha Chairman Jagdeep Dhankhar on Thursday rejected a privilege notice against Union Home Minister Amit Shah after the minister cited a 1948 government press release to authenticate his statement that a Congress leader was part of the management of the Prime Minister's National Relief Fund.

      DEL37 PAR-PANEL-CBI

      Par panel for lateral entry in CBI; new law to probe national security cases sans state consent New Delhi: Flagging the shortage of candidates for deputation in the CBI, a Parliamentary panel Thursday recommended lateral entry for specialists, while also suggesting a new law be enacted to allow the agency to probe without states' consent cases affecting national security and integrity.

      BOM11 MH-UDDHAV-LD BJP

      Maharashtra govt summons Kamra for insulting 'traitor', remains silent on Solapurkar: Uddhav Mumbai: Shiv Sena (UBT) chief Uddhav Thackeray on Thursday said the Maharashtra government summoned comedian Kunal Kamra for insulting a "traitor," but took no action against actor Rahul Solapurkar over his "insult" of Chhatrapati Shivaji Maharaj.

      MDS10 TN-PALANISWAMI-PANNEERSELVAM

      Step down as AIADMK chief or face disrespect: OPS tells Palaniswami Chennai: Expelled AIADMK leader O Panneerselvam on Thursday denied party chief Edappadi K Palaniswami's allegation that he led an attack on party headquarters here, and asked his rival to step down as the general secretary or "face disrespect," since he has not ensured any electoral triumph.

      LEGAL LGD19 UP-SAMBHAL-COURT-MOSQUE-LD BAIL

      Sambhal violence: Court refuses interim bail to Shahi Jama Masjid president Sambhal (UP): A local court on Thursday rejected the interim bail plea of Shahi Jama Masjid president Zafar Ali and posted his regular plea on April 2, officials said.

      LGM2 KA-COURT-GOLD-SMUGGLING

      Kannada actress Ranya Rao denied bail in gold smuggling case; judicial probe ordered Bengaluru: A sessions court in Bengaluru on Thursday rejected the bail plea of Kannada actress Harshavardhini Ranya alias Ranya Rao in the gold smuggling case.

      BUSINESS DEL15 BIZ-TAX OFFICE-OPEN

      I-T deptt offices to remain open on March 29-31: CBDT New Delhi: Income tax department offices across the country will remain open on March 29 to March 31 to facilitate taxpayers in completing pending tax-related business for the fiscal year.

      DEL13 BIZ-BIS-AMAZON-RAID

      BIS raids Amazon, Flipkart warehouses, seizes substandard goods New Delhi: The Bureau of Indian Standards (BIS) has conducted extensive raids on Amazon and Flipkart warehouses here, seizing thousands of products lacking proper quality certifications, the government said on Thursday.

      FOREIGN FGN46 PAK-INDIAN-FISHERMAN

      Indian fisherman dies in Pakistan jail Karachi: A 52-year-old Indian fisherman has died allegedly by suicide in his cell at the Malir Jail in Pakistan's Karachi, a jail official said on Thursday.

      FGN42 LANKA-INDIAN-FISHERMEN

      11 Indian fishermen arrested by Sri Lanka Navy for alleged illegal fishing Colombo: The Sri Lankan Navy on Thursday arrested 11 Indian fishermen and seized their trawler for allegedly poaching in the island nation's water, according to an official release.

      FGN39 PAK-BALOCHISTAN-LD KILLINGS

      Gunmen kill 6 bus passengers in Pakistan's Balochistan Karachi: Suspected insurgents shot and killed six people from Punjab after offloading them from a passenger bus in Pakistan's restive Balochistan province, officials said on Thursday.

      FES26 ISRAEL-ABRAHAM

      Israeli Foreign Ministry to screen John Abraham's 'The Diplomat' as a special gesture to new Indian envoy Jerusalem: In a special gesture to welcome JP Singh, India's new envoy to Israel, the country's foreign ministry is planning to screen John Abraham starrer "The Diplomat", which is based on a real incident that Singh solved. By Harinder Mishra

      FGN36 RUSSIA-PUTIN-LD INDIA

      Putin accepts Modi's invitation to visit India, preparations underway: Russian FM Lavrov Moscow: Russian President Vladimir Putin has accepted Prime Minister Narendra Modi's invitation to visit India and preparations are underway for it, Russian Foreign Minister Sergey Lavrov said on Thursday.

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