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    Freedom to Spend Smarter: AU Small Finance Bank Credit Cards Bring Rewards, EMI Flexibility and Lounge Access to India''s Biggest Shopping Month
    Rupee falls 8 paise to 95.25 against US dollar in early trade
    APEDA Facilitates First-Ever Export of GI-tagged Mithila Makhana by Sea Route from Bihar to Australia
    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
    No Charges for UPI Users
    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    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
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    August 10, 2026
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    Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
    Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
    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.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    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.
    August 10, 2026
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    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
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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.
    August 10, 2026
    Show AI Summary
    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.
    August 10, 2026
    Show AI Summary
    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    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.
    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
    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
    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
    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
    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
    Show AI Summary
    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
    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.
    August 8, 2026
    Show AI Summary
    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.

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      KK Modi University Hosts Grand Convocation Ceremony Graced by His Excellency, Shri Ramen Deka, Honorable Governor of Chhattisgarh

      April 12, 2025

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      Durg, Chhattisgarh, India (NewsVoir) KK Modi University (KKMU), a leading institution known for its focus on innovation, inclusivity, and global education standards, celebrated its first Convocation Ceremony on April 11th at Hotel Roman Park, Durg. The prestigious event was graced by the Honorable Governor of Chhattisgarh, His Excellency, Shri Ramen Deka. Other dignitaries were Dr. Bina Modi, Chairperson of Modi Enterprises – KK Modi Group, Charu Modi, the Chancellor of KKMU and Dr. Monika Sethi Sharma, Vice Chancellor of the University.

      The event marked a significant milestone in a journey that began when the foundation stone was laid in 2015 by Shri K.K. Modi and Dr. Bina Modi.

      Delivering his address on this occasion, Honorable Governor of Chhattisgarh, His Excellency, Shri Ramen Deka, lauding KKMU’s efforts said, “Education is the most powerful tool for transforming societies, empowering individuals and building strong nation.” -Addressing the graduating batch, Dr. Bina Modi, Chairperson of Modi Enterprises – KK Modi Group, shared heartfelt reflections from her own life journey.

      “It fills me with pride to see KKMU grow into an institution that shapes confident, capable, and conscious leaders of tomorrow. It was my late husband’s vision to provide world-class education to young minds, and I feel a deep sense of fulfilment in carrying that legacy forward. My life lessons were self-taught, but each of you has had the opportunity to learn, question, and grow on a platform that prepares you for the future,” said Dr. Bina Modi.

      Charu Modi, Chancellor of KKMU, a driving force behind KKMU, also addressed the gathering. “KKMU is much more than a university. It is a launchpad for limitless possibilities. Our graduates are leaving with more than degrees. They are taking with them the mindset to innovate, the skills to excel, and the values to lead with purpose,” said Charu Modi.

      The event also featured remarks by Dr. Monika Sethi Sharma, Vice Chancellor of KKMU, who spoke about the university’s commitment to academic excellence and holistic development.

      KK Modi University continues to set benchmarks in providing world-class education through a multidisciplinary, industry-aligned, and technology-enabled curriculum. With a strong emphasis on holistic learning, global exposure, and real-world problem-solving, KKMU is rapidly emerging as a preferred destination for students who aspire to lead and innovate.

      Over 60 students across disciplines such as MBA, B.Tech, BBA, and BCA were awarded degrees, many of whom have already been placed in prestigious organizations including Colorbar, Big Mint, Stratview Research, ABIS, Apply Legal, Career Potli, BB Advisory, Brand Mark and GPI to name a few.

      Placement highlights include: Shivani Khandelwal MBA Batch 2020 KKMU shaped my business foundation with hands-on learning and strong industry links.

      An internship at Godfrey Philips and placement at Indofil led to ISB Hyderabad today.

      Rajbir Kaur MBA Batch 2021 My MODICARE internship strengthened my managerial abilities.

      KKMU’s guidance helped me land a role as Assistant Manager at GPI Delhi.

      Vedant Wagh MBA Batch 2021 An internship at Godfrey Philips sharpened my marketing skills.

      KKMU’s placement support led me to Indofil Industries as a Sales Trainee.

      Pranjal Parakh MBA Batch 2021 KKMU's industry integration prepared me for success at Marque Inc.

      The academic training built my confidence to thrive professionally.

      Rashmeet Kaur BBA Batch 2020 "Interning at Logy AI, Hyderabad gave me real-world exposure to project management and administrative operations.

      KKMU’s guidance played a key role in helping me become a Sr. Project Associate." Pulkit Sahu B.Tech Batch 2020 "My internship at Augtech Nextwealth IT Services sharpened my coding skills through real-world projects.

      Thanks to KKMU’s support, I’ve now joined as a Developer." Siddharth Mukherjee BCA Batch 2021 "My internship at Codicians gave me valuable hands-on experience in the tech industry.

      Doing MBA at KK Modi University, where I’m exploring the blend of technology and management.

      These stories reflect the university’s unique emphasis on internship-to-placement pathways and practical industry exposure.

      About KK Modi University: Established in the year 2019.

      With Mission Value creation by nurturing well rounded career-ready professionals and entrepreneurs through educational excellence and experience-based learning.

      With Vision To be a university of choice for developing future leaders and entrepreneurs.

      KK Modi University works on three philosophies of instruction which will help in developing Nation Building Entrepreneurs • Inner Life Skills - Life long learning, self esteem, open mindedness, mindfulness, self awareness, confidence and happiness.

      • Outer Life Skills - Empathy, critical thinking, creativity, communication, collaboration, power of positive thinking and developing personality.

      • Career Skills - Getting expertise in domain skills, gaining practical industry experience and technical global competencies - through the best international university partners and corporate (co-op) domain partners.

      KK Modi University is a career-focused university that offers innovative courses to prepare students for successful careers. Recognized by UGC, the university emphasizes interaction with experienced faculty and international academic partnerships for a holistic learning experience. Based in Durg, Chhattisgarh, India and catering to national and international students, the university offers under graduate, post graduate and diploma courses across various disciplines.

      It has 7 Under Graduate Programs: BBA, B Com(H), B Tech CSE, BCA, BSc. CS, B Des(H), BHM.

      It has 7 Post Graduate Programs: M Com, M Tech CSE, MBA, MCA, PhD, MHM, M Des.

      It has 3 Integrated Programs: B Tech CSE + MBA, B Tech CSE + M Tech CSE, BBA + MBA.

      It has 6 Executive Programs: MBA, MBA Business Analytics, MBA Finance, MBA Marketing, MBA OB & HRM, MBA Production Operations.

      KK Modi University has International collaborations and MoUs with top ranked international universities namely UC Davis (USA), Virginia Commonwealth University (USA), Hochschule Luzern (Switzerland), Paris School of Art (France) to facilitate a wonderful opportunity to students to study abroad to gain short term multi-disciplinary experiences through our academic partnerships. KK Modi University also provides International Dual Degree opportunities for highly talented and strongly motivated students.

      KK Modi University’s collaboration with industry partners gives the real-world, program-related work experience while pursuing education. It also helps to decide what kind of job any student might want and increase the chances of acquiring a good job (with a higher salary) as a graduate.

      KK Modi University has partnered with Godfrey Philips India Limited, Indofil Industries Ltd, Techment, Zomato, Dabur, TCS, Big Mint, ABIS, Augtech Nxt Wealth, Apply Legal, Stratview Research, Tech B, The Internet & Mobile Association of India (IAMAI) bringing for students, an opportunity to balance classroom theory with practical, hands-on experience prior to graduation.

      Spread over 25 acres, KKMU campus is designed by the world class architects Walter F Wagner, Sami Rintala, Sandip Kumar and Anna Heringer, and situated within walking distance of Shivnath river. It is also in close proximity to Raipur and the twin city of Durg - Bhilai, the educational hub of Chhattisgarh and a well-planned, fast-growing township.

      #KKMUConvocation #KKMUPlacements #CareerUniversityIndia For more information: kkmu.edu.in (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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