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    Previous LDF govt didn't fulfil many obligations related to Vizhinjam port: CM Satheesan
    Sitharaman calls on public sector banks to translate strength into competitiveness and leadership
    Sitharaman asks public sector banks to focus on youth; provide cool, simple banking to suit their needs
    I-T department officials discuss roadmap for improving services for taxpayers
    India-UK trade agreement to benefit Haryana's industries and services sector: CM Saini
    FM asks banks to keep pace with youth expectation; calls for outreach campaign from Oct 2
    CCI approves acquisition of certain equity shareholding in Bharti Life Insurance Company by Prudential Corporation Holdings
    Suspicious foreign remittances under I-T department scanner
    Delhi tightens rules for ration shops, makes big stock discrepancies an FIR offence
    Regional Rural Banks (RRBs) Record Strong Growth in Credit Delivery during FY 2025–26
    METSTO Delivers Adjustable Pallet Racking System Solutions for Warehouses
    China rolls out new measures to boost consumption in counties, smaller cities
    Strengthening Collaboration to Preserve Sovereignty: Collaborative Cash Ecosystems - Global Strategies to Preserve Trust and Sovereignty - Keynote Add...
    SC asks CBI to examine all six allegations of dubious transactions involving Indiabulls
    Cyber fraudsters invent 'boss' scam to target companies; Ahmedabad cops bust international network
    Personal Loan Prepayment Charges: What RBI Rules Say in 2026
    Zeeba Revamps Packaging and Announces Chef Vikas Khanna as Its Global Brand Ambassador
    Paul Merchants Finance Launches Loan Against Silver, Becomes India’s First NBFC to Set Up Exclusive Silver Loan Branches
    CarePass Launches This Independence Day, Bringing Healthcare Savings Across India's Top and Premium Hospitals
    Keralam CM flags off containers from Vizhinjam, marking start of EXIM operations
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    August 18, 2026
    Show AI Summary
    Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
    Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.
    August 18, 2026
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    Public sector banking competitiveness requires distinct institutional strengths, early capability building and strategic support for economic growth priorities.
    Public sector banks are urged to use their customer base, branch networks, geographic reach, institutional experience and digital capabilities to build stronger competitive positions and leadership. Each bank may develop distinct areas of excellence based on geography, customer relationships, sectoral expertise, technology capabilities or international presence. Strategic priorities include deposit mobilisation, banking for youth, support for investment and global capability centres, agriculture and horticulture infrastructure, credit-card business reorientation and priority sector lending.
    August 18, 2026
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    Youth-focused banking requires public sector banks to deliver personalised digital services, financial awareness, and responsible credit engagement.
    Public sector banks are urged to implement sustained youth-focused banking through campus outreach, simple personalised round-the-clock services, dedicated youth support and financial awareness. Engagement should develop long-term relationships beyond account opening while preserving prudential standards. Youth should receive guidance on the formal credit ecosystem, including credit scores, credit history, bank credit products and government credit schemes, to support responsible credit discipline and future financial needs. A dedicated portal may provide a single access point for banking awareness and suitable financial opportunities.
    August 18, 2026
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    Taxpayer service improvement and litigation reduction guide administrative planning for stronger infrastructure, systems, coordination and future tax department functioning.
    Improvement of taxpayer services, reduction of tax litigation, infrastructure strengthening and preparation of an actionable roadmap for future Income Tax Department functioning were considered as operational priorities. Deliberations covered e-HRMS, service matters, reservation policy, systems administration, capacity building, expenditure budgeting, TDS administration, inter-agency coordination, and office infrastructure. Officials identified institutional challenges and priorities for strengthening taxpayer-facing and internal departmental functions.
    August 18, 2026
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    Duty-free UK market access strengthens export opportunities for Indian goods and services, supporting MSMEs, agriculture, manufacturing and global value-chain participation.
    India-UK Comprehensive Economic and Trade Agreement provides duty-free access to the UK market for nearly all Indian exports and may improve the competitiveness of Haryana's manufacturing, agricultural, MSME and services sectors. Preferential access covers products including textiles, engineering goods, auto parts, processed foods and pharmaceuticals, while agricultural exports remain subject to exceptions for sensitive products. The agreement also provides market access across 137 UK services sub-sectors, supporting IT, digital, professional, financial and technical services and facilitating global value-chain participation.
    August 18, 2026
    Show AI Summary
    Youth banking outreach promotes campus engagement, financial awareness, responsible credit discipline and long-term access to formal banking services.
    Public sector banks are urged to conduct a month-long "Banking for Youth" outreach campaign from 2 October 2026 for persons above 16 years of age. Outreach through educational and skill-development campuses should combine account opening, financial awareness and direct engagement. Banks should develop tailored youth strategies to build long-term banking relationships. Proposed measures include online learning content, lifestyle-linked benefits, dedicated youth banking support, and awareness of credit scores, credit products and government credit schemes. A dedicated youth banking-awareness portal may serve as a single access point for appropriate banking services and financial opportunities.
    August 18, 2026
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    Competition approval for Prudential's acquisition of equity shareholding in an Indian life insurer supports the proposed insurance-sector combination.
    Competition approval has been granted for Prudential Corporation Holdings Limited to acquire certain equity shareholding in Bharti Life Insurance Company Limited. The acquirer is the holding company for its group's insurance and asset-management operations in Asia and supports operations in Asia and Africa. The target is an IRDAI-licensed Indian life insurer.
    August 18, 2026
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    Suspicious foreign remittance verification targets shell entities and requires accountants to conduct diligent taxability checks before certification.
    Verification of suspicious outward foreign remittances focuses on entities with little or no reported business activity, their controllers, and accountants issuing tax-determination certificates. Scrutiny addresses remittances disproportionate to reported turnover, non-filers, entities not operating from declared addresses, and payments whose stated purposes appear inconsistent with reported activity. Form 15CB/Form 146 certification requires accountants to examine taxability through books of account and relevant documentation, validating tax deduction at source and applicable treaty compliance. Accountants must exercise due care, diligence and professional judgment before certifying remittances.
    August 18, 2026
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    Fair Price Shop regulation introduces graded stock-shortage penalties, mandatory FIRs for major discrepancies, and restructured licensing requirements.
    Fair Price Shop regulation introduces quantity-based penalties for stock discrepancies, ranging from performance-guarantee forfeiture and replenishment obligations to interim suspension, cancellation-related action and mandatory FIR registration for major shortages. Repeated or deliberate diversion or manipulation of public distribution supplies may lead to cancellation, blacklisting and FIR registration. Licensing now includes continuing regular licences and short-term temporary licences, with wider eligibility, points-based selection, card-linked performance guarantees and compulsory approved e-PoS, weighing-scale and iris-scanner use.
    August 18, 2026
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    Priority sector lending strengthened rural credit access through agricultural, micro-enterprise and weaker-section finance, reinforcing financial inclusion and sustainable development.
    Regional Rural Banks expanded rural credit delivery while maintaining strong Priority Sector Lending performance during FY 2025-26. Almost all Regional Rural Banks met the prescribed overall priority-sector target. Agriculture and allied activities remained the largest priority-sector component, with farm credit accounting for nearly all agricultural lending. MSME finance predominantly supported micro enterprises, rural entrepreneurs, artisans and small businesses. Lending to weaker sections and finance for housing, education, renewable energy and social infrastructure promoted inclusive access to institutional credit and sustainable rural development.
    August 18, 2026
    Show AI Summary
    Adjustable pallet racking systems support customised, scalable warehouse storage through configurable layouts, safety assessment, installation and lifecycle support.
    Adjustable pallet racking systems are configurable warehouse-storage solutions for varied inventory dimensions, weights and product types. They support bulk pallet storage, multi-level picking and high-density configurations through adjustable beams and shelves, load-bearing capacity, structural durability and space-efficient layouts. Storage configurations are customised after assessing inventory dimensions, payload requirements, available space and material-movement frequency, with support for design, installation, inspections and after-sales service.
    August 18, 2026
    Show AI Summary
    Domestic consumption expansion targets lower-tier markets through improved retail channels, distribution networks, employment support and household income opportunities.
    China has introduced measures to strengthen domestic consumption in counties, smaller cities, townships and rural areas. The measures include upgrading township commercial centres, rural markets and local fairs; encouraging domestic and international brands to establish regional debut stores; and reusing existing land resources to improve services. They also seek better services for elderly persons and children, stronger urban-rural distribution networks, county-level employment and resident income channels. The strategy supports a shift towards household consumption amid weak domestic demand, property-sector pressures and subdued consumer sentiment.
    August 18, 2026
    Show AI Summary
    Currency management preserves monetary sovereignty through clean notes, secure logistics, decentralised distribution, durable banknotes, and sustainable cash-cycle operations.
    Currency management supports trust in cash and monetary sovereignty through demand planning, secure production, distribution, replacement, and disposal. The Clean Note Policy requires good-quality banknotes to be available in required denominations and locations, with unfit notes continuously withdrawn and replaced. A decentralised Currency Chest network distributes fresh currency, processes returned notes, supports linked bank branches, and operates under licensing, real-time reporting, inspection, and audit requirements. Current priorities include managing uncertain cash demand, improving note durability, and reducing the carbon footprint of the cash cycle.
    August 18, 2026
    Show AI Summary
    Independent investigation of alleged dubious transactions requires examination of all six allegations despite prior police conclusions.
    Investigation into alleged dubious transactions involving Indiabulls Housing Finance Limited and related entities must cover all six allegations identified by the Enforcement Directorate. The CBI must independently examine five allegations previously reviewed by the Delhi Police Economic Offence Wing, irrespective of its conclusion, and submit a comprehensive report. Further investigation into the sixth allegation depends on the special PMLA court deciding the CBI's pending application, after which the CBI must provide a progress or status report.
    August 18, 2026
    Show AI Summary
    Boss scam prevention requires independent verification of payment requests and avoidance of malicious WhatsApp attachments that enable executive impersonation.
    Boss scam, or CEO impersonation fraud, uses malicious WhatsApp attachments and impersonation of regulatory officials or company executives to obtain control of WhatsApp sessions and issue fraudulent payment instructions. The alleged network supplied SIM cards, dummy SIMs, WhatsApp accounts and one-time passwords to cyber-fraud operators, illustrating a Cybercrime as a Service model. Preventive measures include avoiding suspicious ZIP, executable, library and APK files and independently verifying all financial-transfer requests.
    August 18, 2026
    Show AI Summary
    Floating-rate personal loan prepayment protections prohibit charges and compulsory lock-ins for qualifying individual non-business borrowers from 2026.
    Prepayment charges are prohibited for part or full repayment of qualifying floating-rate loans availed by individual borrowers for non-business purposes and sanctioned or renewed on or after 1 January 2026. Compulsory lock-in periods cannot restrict prepayment of such loans. Fixed-rate personal loans may still attract prepayment or foreclosure charges under lender policy and contractual terms. Borrowers should check the loan's rate type, sanction letter, loan agreement and key fact statement, where applicable, and compare applicable charges with potential interest savings before early repayment.
    August 18, 2026
    Show AI Summary
    Premium Basmati rice positioning drives Zeeba's packaging refresh and ambassador-led campaign focused on quality, authenticity and domestic expansion.
    Zeeba has refreshed its packaging and appointed Chef Vikas Khanna as global brand ambassador to support expansion in India. Its "Aisa Basmati Nahi Dekha" campaign positions the brand around export-quality Basmati rice, consistency, authenticity and a superior culinary experience. Promotional activity will extend across digital, retail and consumer touchpoints. The premium Basmati range is described as carefully sourced, naturally aged and processed according to global quality standards, with emphasis on grain quality, authentic taste, purity and consistency.
    August 18, 2026
    Show AI Summary
    Silver-collateral lending creates a formal secured-credit channel for eligible borrowers, subject to regulatory requirements and lender policies.
    Loans against silver collateral have been introduced following the Reserve Bank of India's Lending Against Gold and Silver Collateral Directions, 2025, enabling eligible regulated lenders to accept silver as security. The offering provides a formal and transparent credit channel against eligible silver jewellery, ornaments and approved silver coins. It is intended for individuals, proprietors and MSMEs requiring liquidity for personal, business and other legitimate financial needs, subject to lending policies and applicable regulatory requirements.
    August 18, 2026
    Show AI Summary
    Healthcare discount membership provides instant savings on out-of-pocket care at participating premium providers without insurance claims or paperwork.
    CarePass is a healthcare savings membership card providing instant point-of-billing discounts at participating premium healthcare providers across India. It covers out-of-pocket spending on hospital treatment, diagnostics, dental, vision, dermatology, hair and skin care, and IVF and maternity services, without claim processing, waiting periods or paperwork. Members present a digital CarePass at a participating provider to receive the applicable discount. Four membership tiers offer differing benefits, with higher tiers including tele-consultations and annual health checks. CarePass is a discount membership and not an insurance product.
    August 18, 2026
    Show AI Summary
    EXIM operations at Vizhinjam commence with container movement, supported by investor facilitation, infrastructure backing and port-led logistics development.
    EXIM operations at Vizhinjam international seaport commenced with the flagging off of two containers after a successful trial export shipment. The state government proposes investor engagement, regulatory facilitation and infrastructure support to expand global export activities through the port. Mission Samudra is to operate as a port-led industrial and logistics development scheme. The deep-water port was developed under a public-private partnership model and had received commercial commissioning certification.

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      Salesforce Deepens Impact in India - Reaches Over $10 Million in Grants, 664K Volunteer Hours, Technology Support

      July 29, 2025

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      Guided by its core values and accelerated by technology, Salesforce supports education and sustainability initiatives that drive impact and innovation Bangalore, Karnataka, India (NewsVoir) Salesforce, the world’s #1 AI CRM*, reaffirmed its commitment to corporate philanthropy in India through its 1-1-1 philanthropy model - dedicating 1% of the company’s equity, employees’ time back to the community and its product. In India, Salesforce has contributed over $10 million in all-time giving to nonprofits, enabled more than 6,64,000 hours of employee volunteerism, and empowered over 800 nonprofit and higher education institutions with free access to its technology. Comments on the news: Arundhati Bhattacharya, President and CEO, Salesforce - South Asia, commented, "As India stands on the cusp of a digital and AI-driven revolution, we have both the opportunity and the responsibility to ensure the promise of technology reaches everyone. At Salesforce, we believe that business is one of the greatest platforms for change - and giving back is at the heart of who we are. As innovation accelerates, our focus remains on purposefully aligning technology with impact - from advancing education and green skills to restoring ecosystems and empowering youth. True leadership lies in aligning business and community in a way that ensures both thrive. When businesses uplift communities and champion well-being, they don’t just drive innovation - they help shape a future that is resilient, inclusive, and built to last." Sanket Atal, Managing Director - Operations & Technology at Salesforce India, shared, “At Salesforce, we believe that business is one of the greatest platforms for change. Our 1-1-1 model of corporate philanthropy, which dedicates 1% of our time, equity, and product to giving back, is a cornerstone of this belief. We are proud to work with the non-profits, education institutions, and community leaders across India, providing the support and resources needed to drive lasting impact. We are committed to continuing our efforts to address the most pressing challenges of our time. These grants exemplify how collaboration fuels real change and creates a more equitable and sustainable future.” Rooted in Salesforce’s values and powered by technology, the company supports education and sustainability initiatives that drive impact and foster innovation. Here are some highlights: Salesforce is helping to advance access to education and expand career opportunities for youth. As technologies like agentic AI transform classrooms and future jobs, these grants provide students with opportunities to access high-quality education, gain in-demand skills, and explore potential new careers. • STEM & Computer Science Access: Salesforce invests in equipping students with real-world career skills and increasing access to STEM and AI education. The “Futuristic Lab On Wheels” (FLOW) initiative brings emerging technologies like AI, robotics, Internet of Things (IoT), Augmented Reality/Virtual Reality (AR/VR), 3D printing, and Machine Learning (ML‌) - ‌directly to underserved and rural schools. Additionally, Salesforce is setting up digital labs in collaboration with Nirmaan to further expand access to quality STEM education. • Career Readiness through Mentorship & Networking: Salesforce is deeply committed to mentoring and career readiness initiatives that empower young people to navigate their futures with confidence. Through its partnership with the Antarang Foundation, Salesforce supports high-school students in Mumbai by helping them make informed career and college choices. In partnership with Katalyst India, Salesforce is accelerating the growth of female youth in professional education by providing developmental interventions and an enabling environment designed to enhance self-belief and prepare them for leadership roles. • Educator Support: Salesforce focuses on nurturing excellent educators and supporting teacher reskilling and professional development. Through a partnership with Meghshala, Salesforce enables high school teachers to transform classrooms using technology solutions, fostering engaging and student-centered learning experiences. In collaboration with Mantra for Change, Salesforce improves academic outcomes by enhancing student access to learning infrastructure, supporting educators with improved teaching practices and, and fostering continuous learning and leadership development for school leaders and district education administrators. • Talent - Green Skills & AI: Salesforce has joined forces with the 1M1B (One Million for One Billion) Foundation to establish the 1M1B Green Skills Academy in Hyderabad, Telangana. This initiative aims to train 1 million young people in essential green and AI skills by 2030, creating pathways to employment in the green economy. Salesforce is committed to investing in community-led solutions that restore nature, enhance biodiversity, and support local livelihoods. • Promoting Urban Forestry: In collaboration with Green Yatra, Salesforce has established a Biodiversity Park in Hyderabad by planting 40,000 native saplings, increasing green cover, and supporting urban biodiversity. This initiative builds on the Miyawaki forest established by Salesforce in Thane, Mumbai, with over 33,000 saplings. • Wayanad Forest Restoration: In Wayanad, Salesforce is supporting the restoration of degraded forest in the Western Ghats, a critical elephant habitat, through natural regeneration in collaboration with local tribal communities. • Lake Restorations: Salesforce has led large-scale lake restoration projects. In Bangalore, the company has completed a 15-acre lake restoration project to conserve a polluted and dead water body, providing surplus drinking water to the community, more than doubling the water capacity. In Hyderabad, Salesforce has rejuvenated an 11.5-acre polluted water body to provide clean water and support the livelihoods of the Dhobi community, while enhancing biodiversity with thousands of new saplings. • Energy Transition: Salesforce, in collaboration with Youth of India, built decentralized solar micro-grids in remote areas of Telangana, partnering with indigenous communities including the Banjara, Gond, and Koya tribes, to provide last-mile energy connectivity, ensuring uninterrupted power supply to marginalized groups. This initiative fostered a women-led ecosystem through skill-development and sustainable livelihood opportunities, driving both energy access and socio-economic development through focus on gender equality. Salesforce has been on a sustainability journey for more than a decade. It has also established sustainability as a core value alongside trust, customer success, innovation, and equality. Products like Net Zero Cloud and Agentforce are built with sustainability at the core, helping customers accelerate toward a more sustainable future. As supporters of ecopreneurs and initiatives like 1t.org, Salesforce supports stakeholder and inspires the greater global movement toward a net zero, nature-positive world. *Salesforce, the #1 CRM, powered by AI technology and capabilities. About Salesforce Salesforce helps organizations of any size reimagine their business with AI. Agentforce — the digital labor solution for enterprises — seamlessly integrates with Customer 360 applications, Data Cloud, and Einstein AI to create a limitless workforce, bringing humans and agents together to deliver customer success on a single, trusted platform. Visit www.salesforce.com/in for more information. (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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