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    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
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    August 18, 2026
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    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
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    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
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    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
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    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
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    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.
    August 18, 2026
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    Money-laundering investigation under PMLA expands through searches into alleged consultancy payments linked to CMRL and Exalogic Solutions.
    Money-laundering investigation under the Prevention of Money Laundering Act involves fresh searches connected with Cochin Minerals and Rutile Ltd and Exalogic Solutions. The inquiry concerns alleged fraudulent payments made under the guise of IT consultancy services and a purported money trail involving persons allegedly connected with those transactions. The action follows earlier searches and questioning in relation to the same matter.
    August 18, 2026
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    Recruitment examination irregularities trigger money-laundering investigation into alleged bribery, paper leaks, answer-sheet tampering, and preferential veterinary officer selections.
    Money-laundering investigation under the Prevention of Money Laundering Act concerns alleged irregularities in veterinary officers' final selection through a public recruitment examination. Searches covered premises linked to commission officials, alleged intermediaries, the digital evaluation entity, and selected candidates. Allegations include bribery demands, examination-paper leakage, OMR answer-sheet tampering, and facilitation of selection for relatives of commission officials.
    August 18, 2026
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    Export-import operations advance through operational preparedness review and planned port-led industrial and logistics development initiatives.
    Operational preparedness for full land-based export-import operations at Vizhinjam Seaport was reviewed, including the Vehicle Traffic Management System. EXIM cargo operations follow a trial shipment of the port's first export container to Valencia. Mission Samudra is proposed to support port-led industrial and logistics development alongside these operations. The deep-water port was developed through a public-private partnership model and had obtained commercial commissioning certification before its dedication to the nation.
    August 18, 2026
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    Industrial corridor development prioritises empowered SPVs, integrated infrastructure and investor-ready parks to accelerate manufacturing investment and operations.
    National Industrial Corridor Development Programme implementation prioritises timely infrastructure completion, land allotment, investment mobilisation and commencement of manufacturing. PM GatiShakti-aligned planning requires integrated connectivity, utilities and social infrastructure, while States should resolve land, clearance and SPV-power bottlenecks. BHAVYA proposes investment-ready, plug-and-play industrial parks appraised for ready land, credible demand, connectivity, utilities, realistic phasing and early investor attraction. NICDIT routes Government participation and equity support for BHAVYA project SPVs, and NICDC coordinates implementation and monitoring.
    August 17, 2026
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    RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
    RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
    August 17, 2026
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    Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
    PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
    August 17, 2026
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    Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
    Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
    August 17, 2026
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    FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
    Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
    August 17, 2026
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    Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
    High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
    August 17, 2026
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    Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
    The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
    August 17, 2026
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    SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
    SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
    August 17, 2026
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    FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
    The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.

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      Economic selfishness rising globally, self-reliance must for 'Samriddh Bharat'; GST rate cut by Diwali: PM Modi on I-Day

      August 15, 2025

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      New Delhi, Aug 15 (PTI) Prime Minister Narendra Modi on Friday gave a clarion call for making a "Samriddh Bharat" by becoming self reliant in fields ranging from fighter jet engines to energy and Artificial Intelligence, as he announced a task force for next generation reforms, GST changes as big gift for Diwali, and a state-of-the art defence shield dubbed "sudarshan chakra." Modi's consecutive 12th Independence Day speech was focused on the theme of "aatmanirbharta" (self-reliance) at a time India and the world is facing growing US protectionism, as he highlighted the rising global selfish interest.

      "We should not waste our energy on shortening the line of any country. We have to make our line longer with full energy. The world will acknowledge our mettle if we can do it. (kisi doosre ki lakeer chhoti karne ke liye apni urja hamein nahin khapaani hai. Hamein poori urja ke saath hamari lakeer ko lamba karaa hai. Hum agar apni lakeer lambi karate hain to duniya bhi hamara loha manegi.)," Modi said in his 103-minute address from the ramparts of Red Fort on the country's 79th Independence Day.

      Citing his 25 years of experience as the head of a government, he said, "If we choose this path, then no selfish interest will ever be able to entrap us." Modi's longest Independence Day address for any prime minister was peppered with several announcements, including a national deep water exploration mission for self-reliance in energy and a high-powered demography mission to deal with the "serious crisis" of demographic changes effected by infiltrators.

      His sweeping call for "swadeshi" (Made in India), self-reliance and innovation in a gamut of sectors, including semiconductors, social media, fertiliser and pharma, came amid a strain in the country's ties with the US, with President Donald Trump doubling tariffs on Indian imports to a whopping 50 per cent after singling out India for purchase of Russian oil to pressure it on trade.

      Sporting a saffron turban, Modi, however, made no direct reference to the issue as he doubled down on his emphasis on self-reliance and "swadeshi". The task force on reforms will make time-bound recommendations for adapting India to become developed by 2047, he said.

      "It is the call of the hour that we need not fret in the times of crisis but should work to improve our abilities and accomplishments," he said. Indian manufacturers' mantra should be "daam kam, dum jyada" (less price, better quality), he added.

      India can do it, he said noting that toy producers have begun exporting after he had in a 'Mann ki Baat' episode called for boosting domestic production and the need for stopping their import.

      The prime minister likened his call for "Samriddh Bharat" (prosperous India) to the freedom fighters' goal of "Swatantra Bharat" (independent India).

      If innumerable sacrifices could realise the dream of independent India, the hardwork and resolve of countless people, coupled with the pursuit of self-reliance and vocal for local can make prosperous India as well, he said.

      "That generation sacrificed itself for 'Swatantra Bharat'. This generation should dedicate itself to 'Samriddh Bharat'. It is the need of the hour to take new steps to make India prosperous," the prime minister said, adding it is not one political party's agenda as the country belongs to everyone.

      "If this is our collective resolve, then we will change the world in a quick span of time," he asserted.

      For the first time in his Independence Day speech, Modi flagged the issue of infiltration, saying it is a challenge to the nation's unity, integrity, and security.

      A longstanding red flag for the BJP, the issue of infiltration has gained in political salience as the ruling party has rallied in the support of the Election Commission's Special Intensive Revision (SIR) of electoral rolls, protested fiercely by the opposition, as a necessity to deny voting rights to people with suspect citizenship.

      Warning the country about the challenge, he said, "The country's demography is being changed as a well-thought-out conspiracy. Seeds of a new crisis are being sown. It will not be tolerated." Infiltrators are snatching away the jobs of the country's youth, grabbing lands of the gullible tribal population, and luring girls, stressing that the country will not tolerate this, he added. "No country can allow itself to be captured by infiltrators." Modi announced that the next generation GST reforms which will lower tax burden substantially and benefit small industries is in the works and the lower taxes will be a Diwali gift to citizens. Diwali falls on October 20.

      Ahead of the 100th anniversary of Rashtriya Svayamsevak Sangh(RSS), Modi heaped praise on its nation-building efforts and said service, dedication, organisation, and unparalleled discipline are its identity.

      A RSS pracharak for decades before shifting to the BJP, the prime minister said the Sangh is likely the biggest NGO in the world.

      With the venue decorated with odes to 'Operation Sindoor', Modi delivered a stern warning to Pakistan, saying terrorists and those providing them safe haven will be treated alike and that Indian armed forces will decide on punishment in case of any future misadventure from the neighbouring nation. The operation was launched on May 7 to target terrorist infrastructure in Pakistan, triggering four days of hostilities that ended with an understanding between the two sides on May 10.

      India tolerated nuclear blackmail for a long time but will no longer do so, he said.

      The prime minister also made it clear that India will not accept the Indus Waters Treaty in its current form, saying it has wrought unimaginable damage to Indian farmers by diverting their rightful waters to Pakistan. India has put the agreement in abeyance following the Pahalgam terror attack on April 22 in which 26 people, mostly tourists, were killed.

      Announcing work on developing an indigenous defence system to secure critical strategic and civilian facilities and religious places, he said the "Sudarshan Chakra" system is inspired by Lord Krishna, and it will not only neutralise any attack from the enemy but also hit back with double force.

      Attacked by the Congress for his government's alleged undermining of constitutional values, Modi asserted that the Constitution is the country's guiding light and asked people to never forget the sins of those who "murdered" the Constitution and democracy in 1975 by imposing the Emergency.

      While his government has taken numerous strides in making the country self-reliant in different fields, including modern technology, he said the issue of India making inroads in the semiconductor industry was explored for five-six decades but files remained stuck and the idea was killed in infancy.

      Countries which invested in technology have reached the top, he said, adding that his government has brought it on the ground and India will begin producing semiconductor chips this year.

      Asserting that India is investing thousands of crores of rupees in green hydrogen, he said it will have doubled its nuclear power capacity by 10 times around the centenary of its independence. The country is also exploring over 1,200 places in its pursuit of independence in critical minerals, he added.

      He lamented the diversion of a huge sum of money on meeting the country's energy and fertiliser needs, saying the amount could have been used for people's welfare if it had gained self-sufficiency in these fields. PTI KR ASK SKU BJ GSN GSN

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