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    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
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    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
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    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
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    August 8, 2026
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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.
    August 7, 2026
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    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.

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      Neemrana Hotels Partners with the Uttar Pradesh and Madhya Pradesh State Governments for Two Heritage Restoration Projects under PPP Model

      July 25, 2025

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      Neemrana Hotels is reshaping more of India’s heritage at Jhansi’s Baruasagar Fort and Chanderi’s Raja-Rani Mahal. Look out for 2027 New Delhi, Delhi, India (NewsVoir) For nearly four decades, Neemrana Hotels has pioneered the art of reviving India’s forgotten architectural treasures, turning historical ruins into revenue-generating heritage ‘non-hotels’. These have breathed new life into 5000 years of India’s past frozen in forgotten ruins. This unique model — conservation through hospitality — has created a new ecosystem of jobs, tourism, and pride in regional identity across the current 18 Neemrana destinations spanning 7 states — now growing to 20 with these two new heritage destinations under the pioneering leadership of Aman Nath, Director and Sonavi Kaicker, CEO, Neemrana Hotels Pvt. Ltd who has played a key role in taking Aman Nath’s visionary work forward since 2010. Now, in a significant move that marks the power of PPP public-private partnerships to conserve India’s architectural wealth, Neemrana Hotels has joined hands with the Governments of Uttar Pradesh and Madhya Pradesh to restore and revitalize two ruins and create new destinations (under the PPP model). These collaborations are more than hotel projects — they are a shared national vision to preserve and present India’s cultural and architectural inheritance to both the domestic and global travellers. Neemrana Hotels will bring its signature “non-hotel” experience to: • Baruasagar Fort, in Jhansi, Uttar Pradesh, and • Raja Rani Mahal, in Chanderi, Madhya Pradesh The restoration work at both properties is now underway, with an official opening expected by 2027 for Baruasagar Fort and 2028 for Raja Rani Mahal. Relive the history of Baruasagar Fort, Jhansi Sitting right above the Baruasagar Lake, with commanding views of the surrounding Bundelkhand plains, the sprawling Baruasagar Fort spread across 7 acres is one of Jhansi’s most enduring and significant historic structures. Believed to have been constructed in the 18th century by the Bundela kings, the fort carries layers of historical association, particularly with the era of Rani Lakshmibai. According to several regional accounts and historical references, the fort was a strategic stronghold in the region, offering tactical advantages due to its elevation and proximity to Jhansi — the very land that played a defining role in India’s First War of Independence in 1857. The architecture of Baruasagar Fort is marked by massive stone ramparts, bastions, and the rugged defensive style characteristic of Bundela architecture. While nature has weathered its stones over time, the structure remains largely intact, providing a strong base for Neemrana’s sensitive (historically accurate restoration) revitalisation. When completed in 2027, this fort will be re-born as a one-of-a-kind experiential waterside property, allowing guests to stay in rooms that once hosted royals and warriors, overlooking the same landscapes that inspired legends. The first phase of restoration will include 25 guest rooms, a restaurant, a swimming pool, spa and various spaces for cultural activities, giving both Indian and international visitors an immersive journey into Bundelkhand’s lesser-known but powerful historical narrative. The destination will also be launched for intimate destination weddings. Raja Rani Mahal, Chanderi: Where heritage tourism meets the infamous Chanderi Silk Further south in Madhya Pradesh, in the timeless warp-and-weft town of Chanderi, Neemrana’s latest project sits like a forgotten jewel waiting to shine again. The Raja Rani Mahal, located in the Inner Town (Andar Sheher) of Chanderi near the historic Musa Bawdi, is a historical palace complex that reflects the legacy of medieval India’s architectural splendour. Built possibly during the 15th century and dating back further to the Khilji dynasty, the intimate palace consists of two architecturally distinct structures for Maharajas and Maharanis — the seven-storey Raja Mahal and the four-storey Rani Mahal — connected by a bridge and a secret passage— a unique design rarely found elsewhere in India. Chanderi is no stranger to heritage. Known widely for its handwoven silk and cotton textiles, Chanderi sarees, and fine architectural remains, the town has long been on the cultural tourism map. However, Neemrana’s restoration of Raja Rani Mahal promises to elevate Chanderi’s status even further — from a weaving town to a global heritage destination. This architectural marvel showcases intricate carvings, large courtyards, open pavilions, and gracefully designed stairways, all crafted in grey and white sandstone. The Raja Mahal is known for its elaborate detailing, while the Rani Mahal features a more delicate and intimate style, differing from its counterpart. The historical property will be restored into a boutique heritage experience with phase one comprising 10–12 guest rooms, each designed in harmony with the palace’s original materials and regional style. The property has also served as the backdrop for numerous Bollywood productions including Stree 2 and Sui Dhaga, giving it a visual familiarity and cinematic aura that guests will now be able to recognize and physically step into. The best time to visit is between October and March, when the weather is pleasant for exploration. Chanderi is well connected via NH 52 to Bhopal, Indore, and Gwalior — perfect for road trips by car or bus — and is also easily accessible through the rail network. Guests can expect to immerse themselves in an experience that blends Chanderi’s heritage with basic modern comforts — from a restaurant serving authentic regional cuisines like Bhutte Ka Kees, to an Ayurvedic wellness spa, experiences that help you stay active even on vacation, and vintage rooms adorned with local textiles that shall tell the story of the region. The project will also include collaborations with local artisans and weavers, helping bring sustainable livelihood to Chanderi’s communities and preserving its intangible heritage alongside the tangible. A New Route Through History Neemrana already operates Deo Bagh, a garden hotel of Gwalior housing Maratha temples and pavilions. With Raja Rani Mahal in Chanderi, Madhya Pradesh will now offer a dual-destination in Neemrana itinerary, ideal for travellers who wish to experience two different stories of India’s bygone era in one trip — one rooted in the Marathas era, the other in medieval Sultanate period. As with all the Neemrana restorations so far, both Baruasagar and Chanderi will offer authentic travel experiences that go beyond history and architecture. With multiple authentic experiences rooted in Indian heritage, along with indoor and outdoor dining spaces to savour local cuisines, these destinations are ideal for travellers of all age groups. State Governments and Neemrana Hotels: A Shared Vision for Heritage India This twin partnership of Neemrana Hotels with the Uttar Pradesh and Madhya Pradesh State Governments signals the proactive efforts of the governments that have been working to ensure that India’s architectural ruins of cultural and national significance are not just to be left abandoned, but preserved and restored in responsible heritage experiences of that region which will simultaneously generate local employment. With Neemrana leading the heritage restoration movement from the forefront, these sites become economic engines, cultural classrooms, and soulful sanctuaries — all at once. “In Neemrana’s hands, ruins are never ruined by adding luxury, they are restored with minimum modern intervention and maximum authenticity,” said a senior official associated with the project. By involving local artisans, reviving traditional skills, and promoting slow, meaningful travel, this model has proven both sustainable and scalable. About Neemrana Hotels Established in 1991, Neemrana Hotels has been a pioneer of the ‘non-hotel’ Hotel concept in India. Now with 20 Neemrana destinations across 8 states — by the sea, beside a serene lake, atop two-billion-year-old hills, along the Ganges, and deep in the Garhwal Himalayas — Neemrana is celebrated for blending restoration with hospitality, making India’s heritage not just accessible, but experiential and sustainable. With these new additions, Neemrana continues its noble mission: to preserve India, with Indians. Website: www.neemranahotels.com. Reservations: [email protected] (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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