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    Loan Utsav 2026: Bajaj Finance Personal Loan Now Comes with an Exclusive Reward Bundle for Eligible Customers
    Freedom to Spend Smarter: AU Small Finance Bank Credit Cards Bring Rewards, EMI Flexibility and Lounge Access to India''s Biggest Shopping Month
    Rupee falls 8 paise to 95.25 against US dollar in early trade
    APEDA Facilitates First-Ever Export of GI-tagged Mithila Makhana by Sea Route from Bihar to Australia
    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
    No Charges for UPI Users
    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
    ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executives
    RJD criticises UDF govt's move not to disburse pensions through cooperative banks
    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
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    August 10, 2026
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    Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
    Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
    August 10, 2026
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    Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
    Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
    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
    Show AI Summary
    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
    Show AI Summary
    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
    Show AI Summary
    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
    Show AI Summary
    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
    Show AI Summary
    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
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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.

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      Israel's plan to take over Gaza City stirs fears for civilians and hostages

      August 9, 2025

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      Jerusalem, Aug 9 (AP) Israel's decision to intensify its 22-month war with Hamas by taking over Gaza City has stirred fears for Palestinian civilians and Israeli hostages still held in Gaza, and renewed international pressure for an end to the conflict.

      Israel's air and ground war has killed tens of thousands of people in Gaza, displaced most of the population, destroyed vast areas and pushed the territory toward famine. The timing of another major ground operation is unclear. It will likely require mobilising thousands of troops and forcibly evacuating civilians, almost certainly worsening Gaza's humanitarian crisis.

      An official familiar with the plans to take over Gaza City said the operation would be “gradual” and that there is no start date. The official spoke on condition of anonymity to discuss sensitive matters.

      The UN Security Council announced an emergency meeting on Israel's plans was rescheduled to 10 am EDT on Sunday after originally being scheduled to take place at 3 pm EDT on Saturday.

      The UN Mission of Panama, which holds the council presidency this month, provided no details, but Saturday is the Jewish Sabbath and Israel is certain to want to speak at the meeting.

      Mediators from Egypt and Qatar are preparing a new framework that will include the release of all hostages — dead and alive — in one go, in return for an end of the war in Gaza and the withdrawal of Israeli forces from the strip, two Arab officials told The Associated Press.

      Before Israel's Security Cabinet approved the plan to take over Gaza City, Prime Minister Benjamin Netanyahu had outlined more sweeping plans on Thursday in an interview with Fox News, saying Israel planned to take control of all of Gaza. Israel already controls around three-quarters of the territory.

      Hamas rejected Israel's plans. “Expanding of aggression against our Palestinian people will not be a walk in the park,” the group said in a statement.

      Netanyahu had signalled plans for even broader war International powers, including Israeli allies France, Britain and Canada, have stepped up criticism of the war amid mounting shock over media reports showing starvation.

      Germany said on Friday it would not authorise the export of military equipment that could be used in Gaza until further notice.

      Tensions could rise further if Netanyahu follows through on the more sweeping plans to take control of the entire territory, two decades after Israel's unilateral withdrawal.

      Israel's new plan may be aimed in part at pressuring Hamas to accept a ceasefire on Israel's terms.

      It may also reflect the reservations of Israel's military chief of staff, Lt Gen Eyal Zamir, who reportedly warned that expanding operations would endanger the remaining 20 or so living hostages held by Hamas and further strain Israel's army after nearly two years of regional wars.

      The military “will prepare to take control of Gaza City while providing humanitarian aid to the civilian population outside the combat zones,” Netanyahu's office said in a statement after the Security Cabinet meeting.

      Amir Avivi, a retired brigadier general and chairman of Israel's Defense and Security Forum, estimated it would take less than three months to mobilise some 30,000 troops, evacuate Palestinian civilians and take over Gaza City.

      Hamas-led militants triggered the war when they stormed into Israel on October 7, 2023, killing around 1,200 people and abducting 251 people. Most of the hostages have been released in ceasefires or other deals but 50 remain inside Gaza. Israel believes around 20 of them to be alive.

      Israel's retaliatory campaign has killed over 61,000 Palestinians, according to Gaza's Health Ministry, which does not say how many were fighters or civilians. The ministry is part of the Hamas-run government and staffed by medical professionals.

      The United Nations and independent experts view the ministry's figures as the most reliable estimate of casualties. Israel has disputed them without offering a toll of its own.

      Mediators try again to end the war The efforts for a new ceasefire have the backing of major Arab Gulf monarchies, according to two officials who spoke anonymously due to the sensitivity of the discussions. One is involved directly in the deliberations and the second was briefed on the efforts. The monarchies are concerned about further regional destabilisation if Israel fully reoccupies Gaza, the officials said.

      The yet-to-be finalised framework aims to address the contentious issue of what to do with Hamas' weapons, with Israel seeking full disarmament and Hamas refusing. The official directly involved in the efforts said discussions are underway about “freezing arms,” which may involve Hamas retaining but not using its weapons. It also calls for the group to relinquish power in the strip.

      A Palestinian-Arab committee would run Gaza and oversee the reconstruction efforts until the establishment of a Palestinian administration with a new police force, trained by two US allies in the Middle East, to take over the strip, the official said. It is unclear what role the Western-backed Palestinian Authority would play.

      The second official said the US administration has been briefed on the broad lines of the framework.

      A senior Hamas official, speaking on condition of anonymity because he was not authorised to brief the media, said the group has yet to receive details on the latest efforts to revive ceasefire talks.

      AP reached out to the governments in Qatar, Egypt and Israel as well as the White House for comment.

      Wishes for an end to the war US envoy Steve Witkoff told hostage families during his recent visit that Israel was shifting its approach to pursue a comprehensive “all-or-nothing” deal aimed at ending the war and securing the release of hostages, a person who attended the meeting told the AP, speaking on the condition of anonymity as they were not authorized to speak about the private meeting.

      Israelis united behind the war in the aftermath of the October 7 attack, but dissent has steadily grown as hostages have languished in captivity. Some families of the hostages and their supporters have staged large protests calling for a ceasefire with Hamas that would bring their loved ones home.

      “All of Israel wants a comprehensive deal and an end to the war,” Einav Zangauker, mother of hostage Matan Zangauker, said in a statement on Friday. “For the State of Israel to guarantee the security of its citizens, we must end this injustice that has been done to our loved ones for 22 months.” There is nothing here to occupy Israel has repeatedly bombarded Gaza City and carried out numerous raids there, only to return to neighborhoods again and again as militants regrouped. Today, it is one of the few areas in Gaza that has not been turned into an Israeli buffer zone or placed under evacuation orders.

      Umm Youssef from Gaza City said she had left the city for over 16 months before returning to her home.

      "The area is all rubble. Rubble is an overstatement, it is a sandpile. There is nothing here to occupy. There is no life here," she said.

      A major ground operation there could displace tens of thousands of people and further disrupt efforts to deliver food to the hunger-stricken territory.

      At least six Palestinians were shot dead and more than 140 were wounded on Friday at the Israeli-run Zikim Crossing in northern Gaza, where UN aid convoys enter, according to Dr Mohamed Abu Selmiya, the director of Shifa Hospital, which received the dead and wounded. He said all six were killed by Israeli gunfire. There was no immediate comment from the Israeli military.

      It is unclear how many people are still in Gaza City. Hundreds of thousands fled under evacuation orders in the opening weeks of the conflict, but many returned during a ceasefire earlier this year. (AP) RUK RUK

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