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    Rupee falls 8 paise to 95.25 against US dollar in early trade
    APEDA Facilitates First-Ever Export of GI-tagged Mithila Makhana by Sea Route from Bihar to Australia
    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
    No Charges for UPI Users
    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    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
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    August 10, 2026
    Show AI Summary
    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
    Show AI Summary
    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
    Show AI Summary
    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
    Show AI Summary
    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
    Show AI Summary
    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
    Show AI Summary
    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
    Show AI Summary
    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
    Show AI Summary
    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
    Show AI Summary
    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
    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.

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      HIGHLIGHTS

      June 3, 2025

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      New Delhi, Jun 3 (PTI) Following are the top stories at 5:30 pm: NATION DEL63 JK-RAIL-MODI

      Modi to inaugurate Kashmir rail link on June 6 Jammu: In his first visit to Jammu and Kashmir post Operation Sindoor, Prime Minister Narendra Modi will inaugurate the much-anticipated Kashmir rail project later this week, marking a milestone in the region's connectivity.

      DEL58 OPPN-2NDLD PARL-SESSION

      Opposition parties come together to demand special session of Parliament, write letter to PM New Delhi: INDIA bloc parties on Tuesday rallied together to push their demand for a Special Session of Parliament in the wake of Operation Sindoor, with leaders from 16 parties writing to Prime Minister Narendra Modi over the issue.

      DEL61 CONG-G7-INDIA

      India not invited at G7 meet in Canada "yet another big diplomatic bungle": Cong New Delhi: The Congress on Tuesday said India not being invited at the G7 meeting in Canada is "yet another big diplomatic bungle" after the "blunder" of allowing the US to "mediate" between India and Pakistan.

      DEL64 DEF-INDOPAK-CDS-CRICKET

      India inflicted 'innings defeat' on Pakistan: CDS Chauhan Pune: Chief of Defence Staff Anil Chauhan on Tuesday used a striking cricketing analogy to describe India's decisive win over Pakistan in 'Operation Sindoor,' asserting that India had inflicted an "innings defeat" on its adversary.

      DES13 RJ-ESPIONAGE-ARREST

      Rajasthan govt employee arrested for spying for Pakistan Jaipur: A Rajasthan government employee who was earlier detained on suspicion of espionage for Pakistan has now been arrested, the police said on Tuesday.

      DES12 JK-LG-GOVT-STAFF-SACK

      J-K: Cop, teacher among 3 govt staffers sacked over terror links with LeT, Hizb-ul-Mujahideen Jammu: Jammu and Kashmir Lt Governor Manoj Sinha on Tuesday dismissed three government employees for their alleged involvement with proscribed terror outfits Lashkar-e-Taiba (LeT) and Hizb-ul-Mujahideen, officials said.

      BOM8 GJ-INDOPAK-OPERATION-MEMORIAL PARK

      Memorial park on Operation Sindoor to come up in Gujarat district bordering Pakistan Ahmedabad: A memorial park in the form of a high-density micro forest dedicated to Operation Sindoor, India's military response to the Pahalgam terror attack, will come up near Bhuj town of Gujarat's Kutch district bordering Pakistan, officials said on Tuesday.

      DEL14 HEALTH-COVID-ACTIVE CASES

      COVID-19: Active cases cross 4,000 mark New Delhi: India's active COVID-19 cases have crossed the 4,000 mark, with Kerala remaining the most affected state followed by Maharashtra, Gujarat, and Delhi, according to the Union Health Ministry data released on Tuesday.

      DES29 DL-POLLUTION-PLAN

      Delhi CM Rekha Gupta launches Air Pollution Mitigation Plan 2025 New Delhi: Deployment of 2,300 electric autos at metro stations, installing of mist sprayers at 13 pollution hotspots and audit of PUCC centres every six months -- these are some of the features of the Air Pollution Mitigation Plan 2025 launched by Delhi Chief Minister Rekha Gupta on Tuesday.

      DEL62 JK-LDALL KHEER BHAWANI

      Leaders in Kashmir hail Kheer Bhawani Mela turnout; seek Pandits' return to Valley Tulmulla (J-K): Leaders across party lines on Tuesday hailed the congregation of devotees at the Mela Kheer Bhawani in Kashmir in the wake of the Pahalgam attack as a symbol of resilience and advocated for the dignified return of Kashmiri Pandits to the valley.

      MDS7 KA-HAASAN-2ND LD-FILM CHAMBER

      'I am misunderstood,' Kamal Haasan tells Karnataka film chamber over language row Bengaluru: Actor Kamal Haasan on Tuesday said his recent statement at the 'Thug Life' audio launch event in connection with the evolution of Kannada language was misunderstood and that his words were taken out of context. He asserted that his love for Kannada language is genuine.

      CAL16 AR-FLOOD

      Arunachal flood toll rises to 11 as labourer dies in wall collapse, 938 affected in 23 districts Itanagar: The death toll in floods and landslides triggered by relentless rain in Arunachal Pradesh has increased to 11 as a labourer died in a wall collapse incident in Anjaw district, officials said on Tuesday.

      CAL15 MZ-RAIN-DEATHS

      Mizoram reports 5 deaths, 552 landslides, 152 house damages due to rain in 10 days Aizawl: Mizoram has reported five deaths in the current wave of landslides, house collapse and other calamities triggered by heavy rains in the last 10 days, the state's Disaster Management and Rehabilitation department said on Tuesday.

      DEL43 MOE-ADULT-LITERACY

      Tamil Nadu, Tripura, Delhi among top performers in adult literacy: FLNAT data New Delhi: Delhi, Tripura and Tamil Nadu are among the top performers in dealing with challenges related to adult literacy and education while Uttarakhand, Gujarat and Himachal Pradesh lag behind in certification outcomes, according to results of the Foundational Literacy Numeracy Assessment Test (FLNAT).

      BUSINESS DEL47 BIZ-FM-LD DRI

      Ensure better coordination with state agencies to nab masterminds: Sitharaman to DRI officers New Delhi: Finance Minister Nirmala Sitharaman on Tuesday asked revenue intelligence officers to develop better coordination with state and central agencies and expeditiously work on "actionable intelligence" to nab masterminds behind smuggling syndicates.

      LEGAL LGD9 SC-CONTEMPT

      No contempt if Parliament, state legislature simply make laws: SC New Delhi: The Supreme Court has said any law made by Parliament or a state legislature cannot be held to contempt of court.

      LGD5 DL-HC-PREGNANCY TERMINATION

      HC asks hospital to form panel to see if woman with chronic illness can undergo abortion New Delhi: The Delhi High Court has directed Safdarjung Hospital to form a medical board to ascertain if a 29-week pregnant woman suffering from a chronic kidney disease could undergo abortion.

      FOREIGN FGN57 SPAIN-INDIA-DELEGATION

      Indian delegation concludes Spain visit, reaffirms 'zero-tolerance' stance against terror Madrid: An all-party Indian delegation has concluded its three-day visit to Spain after conducting a series of meetings with government officials and civil society representatives to highlight India's "zero-tolerance" stance against terrorism and rally global support.

      FGN50 MALAYSIA-INDIA-DELEGATION

      Malaysia thanks Indian delegation for anti-terror briefing, reaffirms peace commitment Kuala Lumpur: Malaysia on Tuesday reaffirmed its commitment to peace as it thanked an all-party parliamentary delegation from India for the briefing on New Delhi's approach to combatting terrorism.

      FGN43 BRAZIL-DELEGATION-LD THAROOR

      India can talk to Pakistan if it takes significant action against terrorism: Tharoor Brasilia: The problem in holding talks with Pakistan is not the language but finding a common vision for decency and peace, Congress MP Shashi Tharoor said on Tuesday, stressing that New Delhi can engage in dialogue with Islamabad if it takes significant action against the infrastructure of terrorism that is visible everywhere in the country.

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