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    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
    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
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    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
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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
    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
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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.
    August 7, 2026
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    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
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    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
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    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.

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      Following are the top foreign stories at 2015 hours

      May 7, 2025

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      FGN43: PAK-INDIA-7THLD STRIKES

      Pak PM Sharif terms Indian missile strikes on terror targets as 'act of war', vows to respond Islamabad: Pakistan Prime Minister Shehbaz Sharif early Wednesday termed the Indian missile strikes on terror targets in Pakistan-occupied Kashmir and Punjab province as an "act of war" and said his country has every right to give a "befitting reply".

      FGN92: PAK-INDIA-STRIKE-3RDLD WORLD

      Operation Sindoor: World leaders call on India, Pak to exercise restraint; hope hostilities 'end very quickly' Washington/Moscow/London: World leaders, including UN chief Antonio Guterres and US President Donald Trump, on Wednesday called on India and Pakistan to exercise restraint and hoped that the hostilities would end "very quickly".

      FGN53: PAK-INDIA STRIKE-LD DEESCALATION

      Pak ready to 'wrap' tensions if India de-escalates: Defence Minister Asif Islamabad: Pakistan is ready to "wrap up" tensions with India, if New Delhi de-escalates the situation, Defence Minister Khawaja Asif said on Wednesday.

      FGN78: CHINA-2NDLD INDOPAK

      China calls on India, Pakistan to exercise restraint Beijing: China on Wednesday called on India and Pakistan to exercise maximum restraint in the "larger interest of peace and stability" of the region and said it will play a "constructive role" in easing the tensions by working with the international community.

      FGN91: PAK-INDIA-STRIKE-LD UK

      UK PM Keir Starmer calls for dialogue, de-escalation amid India-Pak tensions London: British Prime Minister Keir Starmer on Wednesday said that the UK is engaging with both India and Pakistan to push for dialogue and de-escalation after Indian military strikes on terror targets in the neighbouring country under Operation Sindoor.

      FGN50: RUSSIA-INDOPAK

      Russia expresses ‘deep concern’ at escalation of tensions between India, Pakistan over Pahalgam terror strike Moscow: Russia on Wednesday expressed deep concern at the escalation of military confrontation between India and Pakistan in the wake of the Pahalgam terror attack.

      FGN58: PAK-JEM-LD AZHAR

      JeM chief Masood Azhar says 10 members of his family, 4 others killed in India's missile attack on his HQ Lahore: Jaish-e-Mohammad (JeM) chief Maulana Masood Azhar acknowledged on Wednesday that 10 members of his family and four close associates were killed in India's missile attack on the outfit's headquarters in Bahawalpur.

      FGN85: PAK-INDIA-STRIKE-JUD-FUNERAL

      Pak Army personnel, JuD members attend funeral of 3 persons killed in Indian military strikes on group's HQ Lahore: The Pakistan Army personnel and members of the banned Jamaat-ud-Dawah (JuD) of Hafiz Saeed on Wednesday attended the funeral of three persons killed in the Indian military strikes on the terror group's headquarters in Muridke, some 40 km from Lahore.

      FGN98: PAK-INDIA-STRIKE-SHEHBAZ

      PM Shehbaz says Pak Army was ready for Indian attack, lauds forces for 'swift response' Islamabad: Prime Minister Shehbaz Sharif on Wednesday said that the Pakistan Army was ready for an Indian attack, lauding his forces for the "swift response".

      FGN82: PAK-INDIA-STRIKE-2NDLD NSC MEETING

      Pakistan's security huddle authorises armed forces to take action to revenge Indian strikes Islamabad: Pakistan's National Security Council on Wednesday said the country's armed forces have been duly authorised to undertake retaliation “at a time, place, and manner of its choosing” to avenge the loss of innocent Pakistani lives in Indian military strikes.

      FGN95: PAK-CHINA-AMBASSADOR

      Pakistan briefs Chinese ambassador on latest escalation with India Islamabad: Pakistan on Wednesday briefed Chinese Ambassador Jiang Zaidong about the latest escalation with India.

      FGN94: CHINA-XI-RUSSIA

      Xi Jinping leaves for Moscow for talks with Putin, attend V-day celebrations Beijing: Chinese President Xi Jinping on Wednesday left for Moscow to attend the 80th anniversary of the defeat of Nazi Germany in World War II and hold talks with Russian counterpart Vladimir Putin on major international and regional issues.

      FGN101: UK-INDIA-TRADE

      UK PM Keir Starmer hits back at Opposition attacks over India FTA tax clause London: British Prime Minister Keir Starmer on Wednesday came out fighting against Opposition criticism over a double taxation clause in the Free Trade Agreement (FTA) with India, designed to prevent temporary workers paying in social security contributions in both countries.

      FGN100: PAK-SC-MILITARY-TRIALS

      Pak Supreme Court rules in favour of military trials of civilians Islamabad: Pakistan’s Supreme Court on Wednesday ruled in favour of military trials of civilians, paving the way for trial of those involved in the May 9, 2023 riotous protests.

      FGN99: PAK-INDIA-STRIKE-BANGLA

      Bangladesh voices deep concern over intensified Indo-Pak conflict Dhaka: Bangladesh on Wednesday expressed deep concern over the intensified conflict between India and Pakistan and urged both neighbours to exercise restraint and avoid actions that could make the situation worse in the region.

      FGN89: LANKA-LD LOCAL ELECTION

      Sri Lankan president's party continues winning streak in local election Colombo: The National People's Power led by President Anura Kumara Dissanayake on Wednesday emerged as the largest party in 265 out of 339 local municipal councils across Sri Lanka despite failing to win capital Colombo's body.

      FGN77: PAK-INDIA-STRIKE-AIRSPACE

      Pakistan closes airspace for 48 hrs after India's Op Sindoor Karachi/Islamabad: Pakistan on Wednesday announced a 48-hour closure of its airspace for all air traffic after India carried out a military strike on terror targets in Pakistan and PoK.

      FGN65: PAK-STOCKS

      PSX bleeds as tensions between India, Pakistan escalate Karachi: The Pakistan Stock Exchange (PSX) lost 6,500 points on Wednesday amid an escalation of military confrontation between India and Pakistan in the wake of the Pahalgam terror attack.

      FGN64: PAK-INDIA-STRIKE-PUNJAB-EMERGENCY

      Emergency declared in Pakistan's Punjab province after Indian missile strikes Lahore: Emergency was declared on Wednesday in Pakistan's Punjab province even as all educational institutions closed in the wake of the Indian missile attack.

      FGN52: PAK-INDIA-STRIKE-SUMMON

      Pakistan summons Indian Charge d'Affaires after Indian strikes Islamabad: Pakistan on Wednesday summoned the Indian Chargé d’Affaires and lodged a strong protest against the Indian strikes.

      FGN44: US-PAK-ADVISORY

      Operation Sindoor: US mission issues security alert in Pak, advises citizens to leave areas of active conflict New York: The US Mission in Pakistan on Wednesday issued a security alert advising American citizens to leave areas of active conflict, saying it is "closely monitoring developments" following Operation Sindoor launched by India targeting terror infrastructure in Pakistan.

      FGN37: RUSSIA-PUTIN-25 YEARS

      Putin completes quarter century, polls show he's still popular in Kremlin's hot seat Moscow: Exactly 25 years ago on May 7, an obscure ex-KGB colonel Vladimir Putin -- with little public exposure as deputy mayor of St Petersburg -- took the oath of the highest office in the post-Communist Russia.

      FGN31: INDIA-STRIKE-PAK 2NDLD TRUMP

      I just hope it ends very quickly: Donald Trump on India's military strikes on terror infra in Pakistan New York/Washington: Shortly after India carried out military strikes targeting terror infrastructure in Pakistan and Pakistan-occupied Kashmir early Wednesday, US President Donald Trump said he hopes that the hostilities will end "very quickly".

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