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    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
    ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executives
    RJD criticises UDF govt's move not to disburse pensions through cooperative banks
    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
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    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
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    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
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    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.

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      Players and Teams Ruling the Roost in IPL 2025

      May 16, 2025

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      In anticipation of the league restart, Parimatch compiled infographics detailing key statistics and facts regarding the progress of IPL 2025 teams New Delhi, Delhi, India (NewsVoir) We will have a look at who is leading the race for the individual awards this season and which players are having the most impact on the pitch in the ongoing IPL season, benefiting their teams in the longer run: #1 Race for the Playoffs: 7 Teams still in the mix; RCB and GT favorites to finish in Top 2 Chennai Super Kings, Sunrisers Hyderabad, and Rajasthan Royals exited the race to the playoffs quite early, allowing the other seven teams to have a neck-to-neck battle, with Royal Challengers Bengaluru and Gujarat Titans slight favorites to finish in the Top 2.

      GT and RCB have raced ahead of the other sides, pocketing 16 points each as both GT and RCB have won eight matches each and lost on three occasions. The Royal Challengers, led by their new skipper Rajat Patidar, have lost all three home matches on their home ground and have the chance to become the first team to win all seven away matches in the league phase of IPL.

      Punjab Kings is in third place with seven wins, three defeats, and one No Result as rain spoiled their party at the Eden Gardens after the Shreyas Iyer-led side had scored 200+ runs in the first innings.

      Mumbai Indians and Delhi Capitals have 14 and 13 points, respectively and would be fighting it out for the last playoff place when they meet on May 21. Kolkata Knight Riders and Lucknow Super Giants remain outside contenders and can sneak in if they win their remaining matches.

      #2 Orange Cap keeps changing hands almost every day The Orange Cap should be renamed the Orange Baton after analyzing the 2025 season of the cash-rich league as the orange cap has continuously shifted between Nicholas Pooran, Sai Sudharsan, Virat Kohli, and Suryakumar Yadav as the four players have kept their sides in the hunt of the playoffs at the end of first week of May.

      Currently, the first and fifth position in the Orange Cap race are spearated by a mere 10 runs as Suryakumar Yadav, the current holder of the coveted award has 510 runs in 12 innings at an average of 63.75 and a strike rate of 170.56, making him the only player to be in Top 5 lists of highest run-getters and highest strike-rates (minimum 100 runs).

      In the second and third place are Sai Sudharsan and GT skipper Shubman Gill with 509 runs and 508 runs respectively at strike rates of 150+. The GT opening pair have recorded three century partnerships in the ongoing season and has been given a huge helping hand by Jos Buttler, who has scored 500 runs at an average of 71.43 and a strike rate of 163.93 and takes the fifth place on the list.

      RCB stalwart Virat Kohli is in fourth place with 505 runs at a strike rate of 143.46 as the chase-master has played the anchoring role for the Bengaluru-based franchise, scoring seven half-centuries in seven out of eight wins for his beloved franchise.

      #3 Prasidh Krishna takes a slight lead in the Purple Cap Race Unlike the Orange Cap, which shifts hands every second day, Prasidh Krishna has had the Purple Cap for a few days as the Bengaluru-born fast bowler has struck 20 wickets in 11 matches, leading the GT bowling attack in the absence of Kagiso Rabada.

      Noor Ahmad has also raced to 20 wickets in 12 matches after taking 4 wickets in the narrow 2-wicket win against KKR, but the Afghan spinner has only two matches left in the competition, which hurts his chances of bagging the individual accolade.

      Josh Hazlewood is in third place with 18 wickets in 10 matches, and the Australian fast bowler would be hoping to shake off his injury ahead of RCB’s next match. Trent Boult and Varun Chakravarthy have 18 and 17 wickets in 12 matches, respectively, while Arshdeep Singh and Vaibhav Arora have 16 wickets each in 11 matches.

      #4 The tale of two home grounds for three franchises While seven franchises have decided to remain loyal to their home ground and the bustling crowds at their preferred venues, three franchises from the northern and western parts of the country have taken a different route.

      Delhi Capitals started the season by playing two of their home fixtures in Vizag as the city in Andhra Pradesh played host to two of DC’s games. Guwahati has also played host to two matches this season as Rajasthan Royals started out their season in the eastern part of the country in a bid to extend the cricketing action to more states, with local boy Riyan Parag acting as the stand-in skipper for RR during that period.

      Punjab Kings had planned to play three of their matches in Dharamsala and four in Mullanpur, but two of their three fixtures scheduled at the HPCA Stadium in Dharamsala will be played elsewhere due to the ongoing tensions at the India-Pakistan border.

      #5 Sunil Narine leads the way for Most Valuable Player Award The 2024 IPL Most Valuable Player Award winner Sunil Narine once again leads the way in the Most Valuable Player Award race as the KKR all-rounder has 237.5 points courtesy of 215 runs at a strike rate of 168 and 10 wickets while keeping his economy rate at 7.5. Narine has proven to be the complete package as he regularly bowls 4 overs and opens the innings as well.

      Suryakumar takes the second position with 228 points courtesy of 510 runs, which include 51 fours and 26 maximums, while Nicholas Pooran takes the third position with 227 points collected via 34 fours and 34 maximums, helping him cross the 400-run mark.

      Yashasvi Jaiswal and Jos Buttler take the fourth and fifth positions courtesy of their good show with the bat and in the field. Except Sudharsan and Gill, Parag, Ravindra Jadeja, and Prabhsimran Singh complete the Top 10 List of Most Valuable Players in IPL 2025.

      #6 Sai, Priyansh, and Noor to battle it out for the Emerging Player of the Season Award The ongoing IPL season has all been about younger players breaking through the barricades as debutants like 17-year old Ayush Mhatre, Vipraj Nigam, Digvesh Rathi, Priyansh Arya, and 14-year old Vaibhav Suryavanshi have made a mark courtesy of their splendid shows.

      Following in the steps of a long list of uncapped centurions for Punjab Kings, Arya scored a century of 39 balls and has scored 347 runs in 11 matches at a strike rate of 192.77 in total challenging the likes of Sudharsan and Noor for the coveted award.

      While Sai and Noor are not debutants, they are eligible for the award and are the front-runners along with the likes of Harshit Rana and Naman Dhir.

      *All Stats as of 15th May (After the conclusion of KKR vs CSK) (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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