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    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'
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    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
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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
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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
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.
August 7, 2026
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Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.

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PMLA / Black Money

HIGHLIGHTS

July 14, 2025

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New Delhi, Jul 14 (PTI) Following are the top stories at 9.24 pm: NATION DEL55 AVI-2NDLD AIRINDIA-CRASH-CEO

Air India CEO says crash probe raises more questions, premature to jump to any conclusion New Delhi: The preliminary report into the crash of Air India flight AI171 last month has raised more questions, the airline's CEO said as he defended the fitness of pilots and aircraft saying no mechanical or maintenance issues have been flagged in the report.

DEL99 ED-2NDLD VADRA

ED questions Robert Vadra for 5 hours in Sanjay Bhandari-linked PMLA case New Delhi: Robert Vadra, the businessman husband of Congress MP Priyanka Gandhi Vadra, was on Monday questioned for about five hours by the Enforcement Directorate (ED) in a money laundering case linked to UK-based arms consultant Sanjay Bhandari and some others, official sources said.

DEL67 SPACE-LD AXIOM

Shubhanshu Shukla sets off on return journey to earth as Dragon undocks from ISS New Delhi: Astronaut Shubhanshu Shukla and three others of the commercial Axiom-4 mission on Monday embarked on a journey back to Earth as their Dragon Grace spacecraft undocked from the International Space Station - their home for the last 18 days.

CAL14 OD-STUDENT-LD HEALTH

FM College student condition critical, but stable; father appeals to all to pray for her recovery Bhubaneswar: The condition of the 20-year-old college student who set herself on fire for allegedly being denied justice over "sexual harassment" by a teacher, remained critical for the third consecutive day on Monday, hospital sources here said.

DEL41 JK-2ND LD MARTYRS-OMAR

Omar Abdullah scales graveyard gates to offer tributes to martyrs Srinagar: A defiant Jammu and Kashmir Chief Minister Omar Abdullah on Monday scaled the gates of the Naqshband Sahib graveyard to pay tribute to 22 people killed by the Dogra army in 1931 and alleged that efforts were made to “manhandle” him and his colleagues.

DEL93 PB-SESSION-LD SACRILEGE

Anti-sacrilege bill introduced in Punjab Assembly, proposes punishment up to life imprisonment, Rs 10 lakh fine Chandigarh: The AAP government on Monday introduced in the Punjab Assembly an anti-sacrilege bill, proposing punishment up to life imprisonment for sacrilegious acts against religious scriptures.

DEL78 LD-KANWAR (R)

UP CM reviews preparations, Delhi CM warns against disturbing Kanwar Yatra as people throng temples New Delhi: The Kanwar Yatra got into high gear on the first Monday of the Hindu month of Shravan with Uttar Pradesh Chief Minister Yogi Adityanath reviewing preparations and his Delhi counterpart Rekha Gupta saying her government would ensure “secure” passage for the Shiv devotees. Reports also came in of an eatery allegedly being vandalised in Muzaffarnagar by a group of kanwariyas.

DEL101 AVI-AIRINDIA-CRASH-REPORT-IPG

AI171 crew deserves fact-driven investigation, not conjecture, says AI pilots body Mumbai: Indian Pilots Guild, an association of Air India pilots, on Monday slammed the preliminary report on Boeing 787-8 plane crash on June 12, saying that the crew of AI171 deserves a thorough, "fact-driven investigation" and not conjecture or sensationalism.

BOM26 MH-PLANE CRASH-REPORT-CHATURVEDI (R)

Shiv Sena (UBT) MP Chaturvedi questions handling of AAIB report Mumbai: Shiv Sena (UBT) MP Priyanka Chaturvedi on Monday wrote to Civil Aviation Minister K Rammohan Naidu, questioning how “sensitive findings” on the Air India plane crash in Ahmedabad were “leaked” to international media before an official disclosure in India.

MDS20 KA-GADKARI-BRIDGE-2ND LD INAUGURATION

Union Minister Nitin Gadkari inaugurates Sigandur bridge, CM Siddaramaiah boycotts event Shivamogga/Bengaluru: Union Minister for Road Transport and Highways Nitin Gadkari on Monday inaugurated India's second-longest cable-stayed Sigandur bridge in Shivamogga. The event was boycotted by Karnataka Chief Minister Siddaramaiah and his cabinet colleagues, who claimed that they were not consulted.

BUSINESS DEL91 AVI-DGCA-LD BOEING PLANES

DGCA asks airlines to check fuel switch locking system in Boeing 787, 737 planes Mumbai: Aviation watchdog DGCA on Monday directed airlines to inspect the fuel switch locking system in their Boeing 787 and 737 planes, two days after AAIB's preliminary report said fuel switches were cut off before the Air India plane crash that killed 260 people last month.

LEGAL LGD28 SC-FREEDOM-LD SPEECH

'Citizens must know value of freedom of speech, expression': SC mulls framing guidelines New Delhi: The Supreme Court on Monday said citizens must know the value of the right of freedom of speech and expression, and exercise self restraint as it mulled guidelines to regulate offensive social media posts.

LGD39 SC-RECORDED CONVERSATIONS-LD SPOUSES

Secret recording of conversations of spouses can be used in matrimonial cases: SC New Delhi: The Supreme Court on Monday held "secretly" recorded conversations of spouses to be evidence in matrimonial disputes, including divorce proceedings.

LGD14 SC-LD KERALA NURSE-YEMEN

Indian nurse on death row in Yemen: Nothing much government can do, Centre tells SC New Delhi: The Centre on Monday informed the Supreme Court that the government could do "nothing much" in the case of an Indian nurse facing execution on July 16 for murder in Yemen.

LGD31 DL-LD COURT-HERALD

National Herald case: Court to pronounce order on ED chargesheet cognisance on Jul 29 New Delhi: A Delhi court on Monday reserved its order on taking cognisance of the chargesheet filed by the Enforcement Directorate in the National Herald case.

LGD15 SC-LD SIMI-BAN

SC junks plea against extension of ban on SIMI New Delhi: The Supreme Court on Monday dismissed a plea challenging an order confirming the five-year extension of the ban imposed on the Students Islamic Movement of India (SIMI).

FOREIGN FGN68 SINOINDIA-JAISHANKAR-4THLD-WANG Need to address de-escalation; competition should not turn into conflict: EAM Jaishankar in Beijing Beijing/New Delhi: India and China should build on "good progress" in normalising the bilateral ties to address border-related issues including de-escalation, and it is essential to avoid "restrictive trade measures and roadblocks", External Affairs Minister S Jaishankar said on Monday during talks with his Chinese counterpart Wang Yi.

FGN60 UK-AIRINDIA-CRASH

UK families ‘troubled’ by ‘very serious questions’ raised by Air India plane crash report London: The families of the British victims of the London-bound Air India plane crash are “troubled and concerned” following the release of a preliminary report and will be seeking answers to the “very serious questions” raised, the UK law firm advising over 20 of the families said on Monday.

FGN25 RUSSIA-INDIAN-WORKFORCE

Russia to import 1 million skilled workforce from India Moscow: Russia will import up to 1 million workforce by the end of this year to address labour shortage in the country's highly industrialised areas, a business leader said.

PTI OZ OZ

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