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    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
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
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    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 7, 2026
    Show AI Summary
    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
    Show AI Summary
    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
    Show AI Summary
    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
    Show AI Summary
    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.

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      25th Edition of Asian Business & Social Forum 2025 and SIT20 Summit

      April 21, 2025

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      New Delhi [India], April 21: AsiaOne Media Group successfully hosted a mega summit namely the 25th Edition of Asian Business & Social Forum 2025 and SIT20 (Saudi Arabia – India – Thailand 20) Conference at the majestic Bharat Mandapam in New Delhi on 16th April 2025, which was attended by eminent personalities from the realm of business, politics, cinema, and arts from all over the globe. The centre of attraction was the participation of diplomats of 20 countries, 2 ministers and distinguished leaders from varied spheres.

      The Forum was graced by the esteemed presence of Prof. S.P. Singh Baghel, Hon'ble Minister of State for Fisheries, Animal Husbandry and Dairying and Panchayati Raj, Government of India, and Shri Puran Chand Nailwal, Hon'ble Minister of State, Uttarakhand Government, and diplomats comprising Ambassadors, Deputy Ambassadors, High Commissioners, and Consuls from the countries of Argentina, Cambodia, Ethiopia, Iceland, Jordan, the Gambia, Kazakhstan, Nepal, Tanzania, Tunisia, Jamaica, Montenegro, Peru, Seychelles, Mongolia, Maldives, Thailand, Uganda, and Zimbabwe. The Forum threw open opportunities to gain valuable insights through some of the significant keynote speeches by prominent personages. It also facilitated networking with renowned leaders from business, social and political spheres.

      The enthralling congratulatory message for AsiaOne by Dr. Ramdas Athawale, Hon’ble Minister of State for Social Justice and Empowerment, Government of India, took the audience by storm. He praised AsiaOne’s efforts in recognising business excellence from all over the globe.

      Throwing open the summit with his welcome speech, Mr. Rajat Raj Shukal, Global Head and Principal Partner, AsiaOne Media Group, said, “Today, it is all about shaping Global business architecture, thus, AsiaOne is being instrumental in bringing together business leaders, diplomats and political leaders from all over the world and through greatest leaders and Asian Business and Social Forum, our endeavour is to bring the people together to this platform of excellence where all these participating brands leaders come together to discuss debate and prepare roadmap for excellence and success leading to sustainable development and eventually march towards a developed India ‘Viksit Bharat’.” Hon’ble Minister Prof. SP Singh Baghel applauded AsiaOne for its endevour to recognize brands and leaders for their exemplary work. He added that good and credible international platforms like AsiaOne become indispensable in this regard. He further asserted that the recognition being given to business brands and leaders through AsiaOne motivates them and also motivates other people such as emerging leaders to move ahead, achieve their goals and contribute to the development of this country.

      Dr. J.C. Chaudhry, Founder and Chairman, Chaudhry Nummero Pvt. Ltd., talked about the importance of spirituality and its impact on business. He was of the view that spirituality is all about self-control and self-devotion and both these qualities are required very much in the world of business. He also showcased the massive ‘Char Dham’ project and invited the audience to visit it at the pious land of Vrindavan.

      Mr. N.B. Naik, Founder and Managing Director of Shares Bazaar and the visionary behind Kisaan Parivar is a dynamic entrepreneur and has been instrumental in transforming the landscape of financial literacy and investment awareness in India. Through Shares Bazaar, he has empowered countless individuals to take control of their financial futures, while Kisaan Parivar reflects his deep-rooted commitment to the upliftment and welfare of India’s farming community. His dual focus on financial inclusion and rural development makes him a true changemaker in both urban and grassroots economies. We were honoured to have his team with us during the event, and everyone applauded his continued dedication to building a more financially informed and socially inclusive India. His popular venture, Where2Invest offers technology-driven alternative investment solutions specializing in identifying market opportunities, targeting premium assets, and riding market trends for long-term wealth creation.

      During the launch of his biography titled ‘Sangharsh, Safalta Se Samarpan Tak,’ Shri Puran Dawar, Chairman, Dawar Group, said, “Struggle always takes a person forward in life.” Dr. Aashish Chaudhry, Chief Orthopedic Surgeoon and Managing Director, Aakash Healthcare Super Speciality Hospital, stressed upon the excellent level of healthcare services, expertise and infrastructure India offers at one fifth to one tenth of the cost incurred in the western countries. “So, let's all together promote healthcare tourism in India and we all need to position India as a global healthcare hub (Vishwa Chikitsalay),” he asserted.

      Mr. Ved Mani Tiwari, CEO of NSDC and Managing Director of NSDC International, said, “we have created NSDC Digital as one platform where the education ecosystem and the skill ecosystem and the employment and entrepreneurship world, they all come together and create opportunities for youth of this country. I will highly recommend that all of you should download that app.” Mr. Alok Kumar, CEO, NSDC International, and Mr. Nitin Kapoor, Vice President, NSDC Academy talked about importance of skilling. They elaborated upon the fact that India supplies skilled manpower to the world and within India too skilling is required with futuristic vision and that is what NSDC is doing through public private partnership through various other joint ventures and collaborations.

      ASIAONE Unifying Global Economies: SIT20 Round Table Conference – Shaping Global Business Architecture With a focus on unifying diverse economies, SIT20 emerged as a landmark inter-business forum, playing an instrumental role in shaping and strengthening the global architecture for business expansion, joint ventures, and cross-border collaborations. At the conference, many diplomats talked about the resources and assets of their countries. They also promoted their countries as tourism and investment destinations and invited the participating delegates to come forward for joint ventures, investments and collaborations. The Ethiopian Ambassador, H.E. Mr. Fesseha Shawel Gebre, Ambassador of Peru, H.E. Mr. Javier Paulinich, High Commissioner of Jamaica, H.E. Mr. Jason Hall, H.E. Prof. Joyce Kakuramatsi Kikafunda, Uganda’s High Commissioner to India, H.E. Mrs. Harisoa Lalatiana Accouche, High Commissioner of Seychelles, H.E. Dr. Janice Darbari, Consul General of Montenegro andAmbassador of Mongolia, H.E. Mr. Ganbold Dambajav talked about the opportunities of collaboration at the conference.

      The 2nd edition of Dr. J. C. Chaudhry Excellence Awards was also organized during the event. The Dr. JC Chaudhry Excellence Award stands as a distinguished accolade, created to celebrate outstanding leaders and organizations across the globe. This prestigious award honours not only their remarkable achievements in field of work but also their profound contributions to societal well-being. Named after Dr. JC Chaudhry, a visionary renowned for his unwavering dedication to excellence and community impact, the award seeks to recognize those who exemplify the harmonious blend of commercial success with social responsibility. By advancing economic growth while fostering positive community development, these leaders embody the true essence of sustainable progress.

      Some of the winning brands and leaders at the forum were: Dr. J. C. Chaudhry, Founder & Chairman Chaudhry Nummero and CHAR DHAM (Jay Kay Trust), Mr. Nanavath Bhupal Naik, Founder & Managing Director of Shares Bazaar & Founder of Kisaan Parivar, Shares Bazaar, My Hub Technologies, Dr. Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance, Dr. Aashish Chaudhry, MD, Aakash Healthcare Super Speciality Hospital, Mr. Munagala Shyam Prasad Garu, Chairman and Managing Director, Tenali Double Horse Group, Mr. Ved Mani Tiwari, CEO – NSDC & MD – NSDC International and National Skill Development Corporation (NSDC), Mr. Harish Kohli, President and Managing Director, Acer India, Rambhajo’s, Mr. Satish Vijaywargi, CEO & Founder - Serene Pharma, Dr. Anju Majeed, Group Executive Chairperson, Sami-Sabinsa Group and Mr. Shaheen Majeed, Global CEO & MD (D. Litt.), Sami Sabinsa Group, Dr. Anton Ravindran, President, Alliance for AI & Humanity (AAIH), Mr. Chetan Singh Hayer, MD, Hayer One Group, Hacker India, Mr. Deepak Thakur, MD & CEO, Mahindra Susten, Dr Sharad Mehra, Regional CEO, Asia and Australia, GUS Global Services (GGS), Mr. Susanta Mohapatra, CEO & CTO, CrudeChem Technology Inc., Mr. Nitin Jain - Chairman & Managing Director and Mr. Hemant Daga - Co-founder & CEO, Neo Wealth & Asset Management, Welspun Living Limited, Dr. Shruti Sharma, CEO, Brindavan Group of Institutions, Mr. Varchasvi Gagal, MD & CEO, Datta Power Infra Private Limited, Mr. Swapnil Agarwal, CEO - Nitya Capital, Mr. Vishal Jain, Pro Chancellor, Vidya University, Case Group, Sanjay Speech Hearing and Rehabilitation Center, Luminous Power Technologies, The Indian Lawyer & Allied Services, Gastro 360, Hylife Group, Finding Roots, FUNDSINDIA PVT WEALTH, Learning Links Foundation, Aspect Global, SBI General Insurance, MyDigi Records, Institute of Rural Management Anand, Cadmech Engineering, Priyadarshani Group of Schools, Kirby Building Systems and structures India, VEN Consulting India, EIILM - Kolkata, Gandour India, Mr. Manish Saxena, Founder & CEO, Meraki Projects India, Masters Logistics Solutions Group, Abdul Samad Al'Qurashi Group, Kesavardhini Products, GLS University, Solis Hygiene Private Limited, Essentia Environments, White Lotus Group, Divine Vision Infratech Pvt. Ltd., Oak & Stone, and others.

      About AsiaOne AsiaOne is a leading international media house and the only business and news magazine with a presence in over 16 countries across Asia, the Middle East, Americas and Africa. AsiaOne has earned its reputation as the "Business Oscars" of the industry. AsiaOne Greatest Brands & Leaders TV series reaches over 38 million viewers across 30 countries and holds a prestigious position in the World Book of Records UK for its significant impact.

      To learn more about the event, research and the greatest brands and leaders, visit www.theworldsgreatestbrands.com, www.theasiasgreatestbrands.com, www.theindiasgreatestbrands.com, www.asiaone.co.in, and www.asiaone.me or write to us at [email protected], [email protected], [email protected], and [email protected].

      (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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