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    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
    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
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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.
    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
    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
    Show AI Summary
    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
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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
    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.

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      CMF by Nothing Launches CMF Phone 2 Pro, Buds 2, Buds 2 Plus, and Buds 2a

      May 1, 2025

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      Nothing’s sub-brand unveils its second-generation smartphone alongside a trio of earbuds Delhi, India – Business Wire India CMF, the sub-brand of London-based technology company Nothing, has today announced four new products - CMF Phone 2 Pro, Buds 2, Buds 2 Plus and Buds 2a.

      Nothing has continued its strong start to the year, with the Counterpoint Research Q1 2025 India Smartphone Shipment report naming it the fastest-growing smartphone brand in India this quarter, recording an impressive 156% year-on-year growth. This marks the fifth consecutive quarter that Nothing has maintained its position as the fastest-growing brand. With this achievement, Nothing becomes the only brand in the past decade to reach this milestone in the Indian market.

      CMF Phone 2 Pro With a best-in-segment three-camera system, a wonderfully bright display, and a premium design, CMF Phone 2 Pro is the ultimate daily smartphone. Unique, powerful and fun, CMF Phone 2 Pro is primed for capturing life's moments with a joyful, forward-looking beat and refined design.

      The slimmest and lightest smartphone Nothing has ever designed. At 7.8 mm, weighing just 185 g, CMF Phone 2 Pro is nearly weightless - 5% thinner than CMF Phone 1. It comes in an elegant body with an aluminum camera surround – evolved from the first-generation design – and features stainless steel screws for an authentic Nothing feel that unveils the craft behind it. Plus, increased water durability with IP54 - CMF Phone 1 was IP52.

      CMF Phone 2 Pro comes in four colours: White, Black, Orange and Light Green. Black and Light Green are crafted with a glass-like back that mimics a frosted glass texture and is bordered with a metallic frame. Refined and minimalist, White is worked with a panelled sandstone finish at the back with an authentic feel and haptics. Orange has a metallic sheen and is the boldest option of all. When designing, we’ve taken care to lend the different iterations a more sophisticated quality, in a considered step up from CMF Phone 1.

      CMF Phone 2 Pro features an advanced three-camera system, complete with a 50 MP main camera with the largest sensor in its segment and capturing 64% more light than CMF Phone 1. For faraway scenes, the first-in-segment 50MP telephoto lens offers 2x optical zoom and up to 20x Ultra Zoom. To wrap it up, the 8 MP ultra-wide camera provides an expansive field of view, perfect for everything from landscapes to skylines, while the 16 MP front camera is ready to snap your sharpest selfies.

      Now in its 6th generation, the newly upgraded MediaTek Dimensity 7300 Pro 5G processor packs an 8-core CPU that clocks in speeds of up to 2.5 GHz – ready to live up to the demands of heavy multi-taskers. For cutting-edge performance, with 10% quicker processing and a 5% improvement in graphics when compared to CMF Phone 1. Co-engineered with the state-of-the-art TSMC 4 nm process technology for game-changing power efficiency.

      With a 5000 mAh battery that lasts nearly one hour longer than Phone 1, CMF Phone 2 Pro effortlessly powers through two days of use on a single full charge.

      Wonderfully bright, highly responsive and the largest display to date in the CMF range and best-in-class in its category. Featuring a 6.77" FHD+ flexible AMOLED display that delivers a stunning 1.07 billion hues – nearly 1 billion more colours than CMF Phone 1. HDR photography takes colouration and vibrancy up a level, while Ultra HDR captures enhance the brightness of highlights by 6 to 8 times, increasing peak brightness to 3000 nits – a 50% higher peak brightness than that of CMF Phone 1.

      Switch seamlessly between to-do’s and fun with a 1000 Hz touch sampling rate – a 316% uptake compared to CMF Phone 1 – and a 120 Hz Adaptive refresh rate.

      CMF Phone 2 Pro retains modularity with three new accessories, including Universal Cover, Interchangeable Lenses (Fisheye and Macro), and Wallet/Stand.

      CMF Audio The CMF Buds 2025 lineup ranges across multiple price points, making it accessible to all. From everyday audio needs to immersive sessions and personalised sound, there is a pair of CMF Buds for every need and music profile. Each model balances performance, design, and gives users more control over their listening experience.

      CMF Buds 2 Buds 2 is a versatile companion for the everyday, balancing sound, comfort and smart features. Complete with Dirac Opteo™ tuning, 48dB hybrid ANC and Spatial Audio Effect, it refines the listening experience, bringing clearer, more dynamic sound.

      CMF Buds 2 Plus Buds 2 Plus is built for those who demand more, delivering a next-level audio experience. It’s equipped with Hi-Res LDAC, hearing compensation and full EQ customisation for a rich, balanced sound tailored to your unique hearing profile.

      CMF Buds 2a Buds 2a is the go-to entry-level option, here to deliver clear sound to all. Encased in a lightweight design, it provides essential, high-quality audio with 42dB ANC, a 12.4 mm bio-fibre driver and deep bass for all-day listening.

      Pricing and Availability • CMF Phone 2 Pro will be available in White, Black, Orange and Light Green colour ○ 8+128 GB - INR 17,999 (Including bank or exchange offers) ○ 8+256 GB - INR 19,999 (Including bank or exchange offers) • As a special introductory offer on 5th May, CMF Phone 2 Pro will be available for as low as INR 16,999 for the 8+128 GB variant and INR 18,999 for the 8+256 GB Variant (including all offers) • Day 1 exchange offer: INR 1,000 exchange bonus and INR 1,000 bank offer (applicable on all leading banks) will be available together on CMF Phone 2 Pro.

      • CMF Buds 2a will be available at INR 2,199, CMF Buds 2 at INR 2,699, and CMF Buds 2 Plus at INR 3,299.

      • Availability: ○ The CMF Phone 2 Pro will go on sale via Flipkart, Flipkart Minutes, Vijay Sales, Croma, and all leading retail stores starting from May 5, 2025.

      ○ The CMF Buds 2, Buds 2 Plus, and Buds 2a will be available in India by the end of Q2 2025.

      ○ The CMF Phone 2 Pro accessories to be launched in India soon.

      Image/video assets can be found via the CMF Media Kit.

      To stay up to date on the latest news announcements, follow CMF by Nothing on Instagram and X.

      About CMF by Nothing CMF, the sub-brand of Nothing, is a London-based consumer technology brand that aims to make great design more accessible. Launched in September 2023, CMF focuses on delivering beautiful and functional consumer technology products that emphasize core functionalities without compromise. For more information, visit nothing.tech.

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

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