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    Rupee falls 8 paise to 95.25 against US dollar in early trade
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August 10, 2026
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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
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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
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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
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Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
August 10, 2026
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Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
August 9, 2026
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Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
August 9, 2026
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GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
August 9, 2026
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Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
August 9, 2026
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Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
August 8, 2026
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Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
August 8, 2026
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Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
August 8, 2026
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Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
August 8, 2026
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Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
August 8, 2026
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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.

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PMLA / Black Money

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July 30, 2025

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New Delhi, Jul 30 (PTI) Following are the top stories at 1.30 pm: NATION

PAR27 RS-SINDOOR-JAISHANKAR No third party intervention in ceasefire with Pak during Operation Sindoor: Jaishankar New Delhi: External Affairs Minister S Jaishankar on Wednesday made it clear that there was no third party intervention in bringing about a ceasefire with Pakistan during Operation Sindoor, asserting that the halting of the Operation was not linked to trade.



DEL 21 UNSC-TRF-LD-PAHALGAM Pahalgam terror attack: UNSC monitoring report mentions TRF New Delhi: The Resistance Front, a proxy of the Lashkar-e-Taiba terror group, has found mention for the first time in a UN Security Council (UNSC) report for its role in the Pahalgam attack that is expected to bolster India's diplomatic offensive against Pakistan-backed cross-border terrorism.



DEL 23 CONG-TRUMP-LD PM PM refusing to deny Trump's claims made '30 times' as he is on 'very weak wicket': Cong New Delhi: The Congress on Wednesday said Prime Minister Narendra Modi is "refusing to unequivocally" deny US President Donald Trump's India-Pakistan ceasefire claims that have been made "30 times" as he is on a "very weak wicket and has much to cover up".



DEL 17 JK-LD ENCOUNTER Army foils infiltration bid in J-K's Poonch, two terrorists killed Jammu:Two suspected Lashkar-e-Taiba terrorists were killed when army troops scuttled an infiltration attempt along the Line of Control in Poonch district of Jammu and Kashmir, officials said on Wednesday.



DEL 14 ED-CG-MEDICAL SUPPLY-SEARCHES ED searches in Rs 500 cr Chhattisgarh medical supply 'scam' case Raipur: The Enforcement Directorate on Wednesday launched searches at multiple locations in Chhattisgarh as part of a money laundering investigation into an over Rs 500 crore worth medical supply "scam", official sources said.



DEL 20 JK-AMARNATH-LD SUSPEND Amarnath Yatra suspended on Pahalgam, Baltal routes due to heavy rains in J-K Srinagar: Authorities on Wednesday suspended the Amarnath Yatra on both Pahalgam and Baltal routes due to heavy rains in Kashmir, a senior official said.



BOM 7 CG-NUNS-BRINDA KARAT Brinda Karat meets nuns jailed in Chhattisgarh; alleges 'targeted attack' on Christians Durg: Senior CPI(M) leader Brinda Karat on Wednesday claimed the arrest of two Catholic nuns for alleged human trafficking and forced religious conversion in Chhattisgarh was "unconstitutional and illegal", and demanded their immediate release.



CAL 4BH-NITISH-LD HEALTH WORKERS Bihar govt announces hike in incentive for rural health workers ahead of assembly polls Patna: Ahead of the Bihar assembly elections, Chief Minister Nitish Kumar on Wednesday announced that ASHA workers in the state will now get Rs 3,000 per month as an incentive, a substantial increase from the existing amount of Rs 1,000.



CAL 1 MN-ARREST Three militants among four held in Manipur Imphal: Security forces arrested four people, including three militants belonging to two proscribed outfits, from three districts in Manipur for allegedly being involved in criminal activities, police said on Wednesday.



MDS 1 ISRO-NISAR-LAUNCH NASA-ISRO collaborative satellite NISAR all set for launch Sriharikota: Aimed at boosting ties between India and the United States on space exploration, India is geared up to launch an earth observation satellite jointly developed by ISRO and NASA on Wednesday.



MDS 3 KA-PROTEST-RAHUL Rahul Gandhi to participate in protest against 'votes theft' in Bengaluru on Aug 4 Bengaluru: Congress leader Rahul Gandhi, who recently claimed that his party has figured out the modus operandi of the "votes theft" by studying a Lok Sabha constituency in Karnataka, will participate in a protest in Bengaluru on August 4 and submit a representation to the Election Commission officials here.



MDS 4TL-ONLINE BETTING-ACTOR Actor Prakash Raj appears before ED officials in Hyderabad in online betting linked PMLA case Hyderabad: Actor Prakash Raj on Wednesday appeared before the ED officials here for questioning in a money laundering case linked to illegal online betting and gambling by certain platforms.

LEGAL

LGD 13 SC-VARMA Your conduct does not inspire confidence, why did you appear before committee: SC to Justice Varma New Delhi: Observing that Justice Yashwant Varma's conduct does not inspire confidence, the Supreme Court on Wednesday posed sharp questions to the judge seeking invalidation of a report by an in-house inquiry panel which found him guilty of misconduct in the cash discovery row.



LGD 15 JUDICIAL OFFICER-MP-RESIGN MP woman judicial officer resigns in protest over elevation of district judge to HC New Delhi: A woman judicial officer from Madhya Pradesh has tendered her resignation in protest against the elevation of a district judge to the high court against whom she had levelled serious allegations of harassment.

FOREIGN

FGN 15 UN-INDIA-PALESTINE India reiterates support at UN for two-state solution to Israel-Palestinian conflict United Nations: India told a high-level UN conference that global efforts must now focus on achieving a two-state solution to the Israel-Palestinian conflict through "purposeful dialogue and diplomacy".



FGN 13 IMF-INDIA India projected to grow 6.4 per cent in 2025 & 2026, reform momentum driving stable growth: IMF  New York/Washington: India is projected to grow at 6.4 per cent in fiscal year 2025 and 2026, and the country’s stable growth is driven by a reform momentum supporting robust consumption growth and a push for public investment, the International Monetary Fund has said.



FGN 10 US-TRUMP-INDIA Trump says trade deal with India not finalised  New York: US President Donald Trump has said the trade deal with India is not finalised, as he stressed that India imposes more tariffs than almost any other country.



FGN 11 UN-TRF TRF published photo of Pahalgam attack site, twice claimed responsibility: UNSC sanctions monitoring report United Nations: The Resistance Front (TRF) had twice claimed responsibility for the Pahalgam terror attack and “published a photograph of the attack site”, the UN Security Council’s sanctions monitoring team has said.



FGN 7 PAK-CRYPTO Pak govt accelerates push for cryptocurrency adoption: Report Islamabad: The Pakistan government is ready to fast-track the adoption of cryptocurrencies for banks, foreign exchange companies, and gold trading, according to a media report on Wednesday.

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