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    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
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    August 10, 2026
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
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    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    August 10, 2026
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    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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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
    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
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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.

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      Why a Party Box Speaker Is a Must-Have for Every House Party?

      May 31, 2025

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      New Delhi [India], May 31: In 2025, house parties are not only social gatherings—they're experiences. From bright lighting to carefully crafted playlists, every detail counts. But the key to every great party is its sound system. Whether you're hosting a low-key weekend party or a full-on bash, a party box speaker can make or break the atmosphere.

      Unlike standard Bluetooth speakers or even home audio systems, party box speakers are specially designed for high-energy events. They provide thundering bass, interactive capabilities such as karaoke microphones, LED lights, and sufficient power to sustain the energy. In making a selection, the boAt PartyPal series is fast turning out to be the one go-to selection for the best speaker for party enthusiasts in India.

      Let's take a closer look at why a party box speaker is not just a luxury, it’s a party necessity. We will also check out the top models, such as PartyPal 185, 390, and 600, to help you decide the perfect model for your next gathering.

      What Sets Party Box Speakers Apart? Before we get into the details, let's first see what makes party box speakers different: • More wattage for a loud sound • Incorporated lighting for visual appeal • Longer battery life • Karaoke microphone inputs and guitar ports • Mobile-friendly connections These are designed for dynamic settings, with much higher quality than an average sound bar for home.

      Best boAt Party Box Speakers for House Parties Let us examine three excellent models from boAt's PartyPal series, which are changing the standard for the best party speaker.

      • boAt PartyPal 185: The Small Party Starter Ideal for small house parties, the PartyPal 185 brings it big in a compact body.

      Power Output: 50W of boAt signature sound.

      Battery Life: 6 hours of play guarantees your night remains lit.

      Features: • RGB lights that sync up to the beat • Spontaneous wired mic for karaoke • Bluetooth v5.0, USB, AUX & TF card connectivity • TWS feature for double impact Perfect For: Balcony parties, birthday parties, or living room chill-outs.

      Why it's awesome: This speaker is small but powerful, and if you don't want a cumbersome system but still need good music, it's ideal. It offers illumination, karaoke, and bass at a pocket-friendly cost.

      • boAt PartyPal 390: The All-Round Entertainer The PartyPal 390 bridges the gap between a regular speaker and a professional DJ system. If you’re someone who frequently hosts weekend events, this is the sweet spot.

      Power Output: 160W of thumping, room-filling audio.

      Battery Life: 6 hours at mid-volume; perfect for a full night of fun.

      Features: • Dual mic support for duets • Flame-style LED lights • Customisable EQ modes: Party, Pop, Jazz, Rock, Normal • 2 mics for Karaoke & Guitar input • TWS (True Wireless Stereo) Mode Ideal For: Apartment parties, balcony nights, indoor DJ systems.

      Why it's great: With guitar jamming support and dual microphones, it turns your party into a concert. Multiple EQ modes provide variety, whether you're rocking hip-hop or classic rock.

      • boAt PartyPal 600: The Powerhouse Performer For large houses or villa-themed parties, the PartyPal 600 is the ultimate party companion.

      Power Output: 220W boAt Signature Sound — Feel every drop, beat, and bassline.

      Battery Life: 7 hours of non-stop performance.

      Features: • 10" woofer, midrange speaker, and tweeters for premium sound • UHF wireless microphone for seamless voice control • Pixel display with animated text • Control via the boAt Hearables App for the best sound experience with boAt Signature Audio • RGB LED lights that sync with the music • Wireless mic for karaoke and guitar input • Multi-compatibility ports: USB, AUX, TF card, and mic input for versatile connectivity Best For: Pool parties, home weekend parties, and even indoor gatherings.

      Why it's awesome: If you host high-energy parties and require a performance that lasts the whole night, the PartyPal 600 will not let you down. It's a proper sound system masquerading as a speaker.

      Other Features That Contribute to the Party Atmosphere Though audio performance is the biggest need, boAt PartyPal speakers do more: • Portability: They are made for easy transport despite their size and sound capability.

      • Rechargeable Batteries: Long battery life minimises reliance on constant charging.

      • Multiple Input Options: USB, AUX, SD card, and Bluetooth support provide you with flexibility in playback.

      • Mic Support: All models have at least one mic input, so it's perfect for karaoke or announcements.

      How to Choose the Right Party Box Speaker Here's a quick guide based on your needs: Speaker Party Size Power Output Special Feature PartyPal 185 Small (5–10 ppl) 50W Compact + Wired Mic PartyPal 390 Medium (10–30) 160W Guitar + Dual Mic + EQ Modes PartyPal 600 Large (30–50+) 220W UHF Mic + App Control Setting the Stage: Tips to Maximise Your Party Box Speaker Experience Now that you've selected the ideal party box speaker, the way you install it can make or break your party's success. Whether you're having an indoor game party or an outdoor barbecue, the following tips will help you get the most out of your sound system.

      1. Speaker Placement Matters For improved sound dispersal, position your speaker on a sturdy table or an elevated surface. Steer clear of corners—they tend to dampen sound or produce distortions in the bass. When hosting bigger events, employ TWS pairing (True Wireless Stereo) on models like PartyPal 390 or 600 to achieve surround sound. 2. Take Advantage of Lighting If your boAt PartyPal speaker comes with RGB lights, sync them with the lighting arrangement in your room. Dim the general lighting and allow the LED display to become the focal point. It instantly converts an ordinary room into a party area.

      3. Preload Playlists Make sure your music is appropriate for the audience and the mood. If it's retro Bollywood, EDM, or 90s pop, a smooth transition maintains energy.

      4. Charge Completely Beforehand Charge the speaker completely before your party begins. All PartyPal models have long playtime, but pre-charging is just to be sure that there aren't any mid-party shutdowns.

      5. Make It Interactive Utilise the mic feature for karaoke nights, announcements, or games. With just one conversation, you can captivate a receptive audience and create lifelong memories.

      Why Not a Soundbar? Most homes use the best sound bar for home as a music and movie solution. Great for their movie audio experience, but in need of brute power, mobility, and built-in features, they are more suited to an on-the-go party situation. A party box speaker provides light, volume, and interaction – a full package of entertainment.

      Conclusion: Let the Music Take Over In today’s socially connected world, a great party is not just about gathering people—it’s about creating an experience. Nothing elevates the atmosphere like music that moves you. The boAt PartyPal series, with models like the 185, 390, and 600, brings sound, light, and performance together to help you host unforgettable events.

      Whether you're a veteran party host or just want to upgrade your home entertainment system, buying a party box speaker means you'll always be prepared to press play when the moment arises. Say goodbye to the disappointing soundbars — it's time to go boisterous, wireless, and all-out with boAt PartyPal.

      (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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