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    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
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
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    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
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
    Show AI Summary
    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
    Show AI Summary
    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
    Show AI Summary
    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
    Show AI Summary
    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
    Show AI Summary
    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    August 7, 2026
    Show AI Summary
    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
    Show AI Summary
    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
    Show AI Summary
    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
    Show AI Summary
    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.

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      Motorola and Swarovski® Present the Brilliant Collection, Featuring the Motorola Razr 60 and Moto Buds LOOP Swarovski® Edition

      September 2, 2025

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      New Delhi, Delhi, India – Business Wire India • The Brilliant Collection brings together the motorola razr 60 and moto buds LOOP, elegantly accented with Swarovski® crystals, in a radiant showcase where high fashion meets high technology. The motorola razr 60 dazzles in the exquisite PANTONE® Ice Melt finish, featuring a shimmering 3D quilted leather-inspired design and 35 meticulously hand-set Swarovski® crystals—including a 26-facet hinge crystal—paired with a premium crossbody case for a couture statement in mobility. • Redefining content creation, the motorola razr 60 introduces the world’s first flip phone with gesture-controlled video recording and a 100% True Colour Camera, Pantone-validated for unmatched colour accuracy and life-like tones. • Equipped with a 50MP pro-grade camera powered by moto AI, supported by OIS, a 13MP ultrawide + macro vision lens, and a 32MP selfie camera, the motorola razr 60 ensures professional-grade clarity, stability, and brilliance in every shot. • Featuring the segment’s largest 3.6” external display with a 90Hz refresh rate and Gorilla® Glass Victus protection, the motorola razr 60 offers versatile flex modes—from Camcorder to Desk, Laptop, and Tent—for ultimate multitasking and creative freedom. • The moto buds LOOP Swarovski Edition combines Swarovski’s timeless brilliance with Sound by Bose and moto AI integration, delivering up to 37 hours of playtime, crystal-clear calls with CrystalTalk AI, and a sleek, water-repellent open-ear design for all-day comfort. • The Swarovski Edition of motorola razr 60 is available at an effective starting price of INR 49,999* on Flipkart, Motorola.in and leading retail stores across India. Moto buds LOOP is launched at INR 24,999* • Motorola has also introduced special limited time combo offer for motorola razr 60 and moto buds LOOP together at effective starting price of INR 59,999* on Flipkart, Motorola.in and leading retail stores across India. Motorola, a global leader in mobile innovation and India’s leading AI smartphone brand, today announced the launch of the Brilliant Collection, an exclusive collaboration with Swarovski® that redefines the intersection of technology and jewelry. This debut collection brings together the Swarovski Edition of motorola razr 60 and moto buds LOOP, merging meticulous craftsmanship, cutting-edge innovation, and timeless elegance to deliver devices that shine as brightly as their users. Motorola and Swarovski® share a passion deeply rooted in innovation, craftsmanship, and iconic heritage, and this partnership responds to a growing trend where consumers seek technology that not only complements but elevates personal style. With the Brilliant Collection, Motorola strengthens its vision as a lifestyle tech brand, seamlessly blending fashion and functionality so users never have to compromise between elegance and advanced technology. The motorola razr 60 Swarovski Edition redefines luxury by transforming the iconic flip phone into a true couture masterpiece. Draped in the exclusive PANTONE® Ice Melt shade with a shimmering quilted leather-inspired finish, it exudes sophistication at every glance. Adorned with 35 meticulously hand-applied Swarovski® crystals, including a dazzling 26-facet crystal on the hinge and crystal-inspired volume keys, the design radiates brilliance and artistry from every angle. Elevating style to wearable luxury, the razr 60 comes with a premium crossbody case, seamlessly blending fashion with functionality. More than just a smartphone, this edition is a bold statement of elegance, innovation, and timeless craftsmanship. More than just a design icon, the razr 60 is built for content creators and tech enthusiasts alike. It is the world’s first flip with gesture-controlled video recording, enabling hands-free start, pause, and stop of recordings. The Pantone-validated 100% True Colour Camera captures lifelike visuals across 50MP pro-grade OIS main lens, 13MP ultrawide + macro lens, and 32MP Quad Pixel selfie camera, while moto AI automatically enhances photos and videos. Its 3.6” external pOLED display, the largest in its segment, integrates Google Gemini, providing AI-powered summaries, live transcription, and creative assistance without opening the phone. Crafted for beauty and durability, the razr 60 Swarovski Edition features a titanium-reinforced hinge tested for over 500,000 folds, Gorilla® Glass Victus, IP48 water and dust resistance, and a creaseless 6.9” LTPO pOLED main display. Complementing the smartphone is the moto buds LOOP, which fuses Swarovski’s signature brilliance with Motorola’s cutting-edge sound technology, delivering an audio wearable that doubles as a fashion statement. Available in Ice Melt, the earbuds feature a lightweight, open-ear frame designed for secure, comfortable all-day wear, allowing users to remain connected to their environment. Sound by Bose, 12mm ironless drivers, and Spatial Audio + EVO deliver immersive, crystal-clear audio, while a dual-microphone system with CrystalTalk AI ensures calls are equally clear. Integrated moto AI and Smart Connect make device switching, playlist access, and personalized notifications effortless. Designed for durability, the buds offer IP54 water-repellent protection, reinforced memory alloy, and up to 37 hours of total playback, with fast-charging support for three hours of use in just ten minutes. Speaking on the collection launch, Mr. T.M. Narasimhan, Managing Director, Motorola India said, “With the Brilliant Collection, we are proud to celebrate brilliance in its truest form. Our partnership with Swarovski brings together two worlds—timeless artistry and cutting-edge technology—resulting in devices that are not only powerful in performance but also extraordinary in design. The Brilliant Collection brings together motorola razr and moto buds LOOP, infused with crystals by Swarovski®, in a radiant showcase of how fashion and function can shine in perfect harmony. These devices are more than just technology; they are statements of style and individuality. This is the future of personal tech—where elegance, craftsmanship, and advanced innovation converge seamlessly to create experiences as unique as the people who own them.” The Brilliant Collection also marks the launch of Collections by Motorola, a design-led initiative presenting curated, themed devices connected by materials, colors, textures, and finishes. Each collection emphasizes craftsmanship, purposeful innovation, and lifestyle-driven design, setting a new benchmark for how personal technology looks and feels. Future collections will continue to explore unexpected pairings and premium finishes, creating devices that reflect style, personality, and everyday utility. The Brilliant Collection is available in Ice Melt for both motorola razr 60 and moto buds LOOP, with the earbuds additionally offered in French Oak, and all devices have undergone rigorous testing to ensure the Swarovski crystals remain securely embedded and the products maintain Motorola’s signature durability. For consumers seeking technology that is as bold, elegant, and unique as they are, the Brilliant Collection offers wearable brilliance, sparkling audio, and intelligent innovation—all in one seamless, luxurious experience. Availability: This exclusive Swarovski Edition of motorola razr 60 and moto buds LOOP will be available in limited quantities across select markets beginning from September 2025. The collection sale goes on live from 11, September, 2025, 12PM on Flipkart, Motorola.in and leading retail stores across India. Launch Price: For motorola razr 60 (Swarovski Edition) Launch Price : INR 54,999 Net Effective Price : INR 49,999* (including 5K bank offer) For moto buds LOOP (Swarovski edition), Launch Price : INR 24,999 Additionally, motorola has announced special limited period combo offer for the Swarovski Edition of motorola razr 60 and moto buds LOOP: COMBO Launch Price : INR 64,999 Next effective Combo Price : INR 59,999* About Lenovo & Motorola Lenovo is a US$62 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, employing 77,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company by further expanding into growth areas that fuel the advancement of ‘New IT’ technologies (client, edge, cloud, network, and intelligence) including server, storage, mobile, software, solutions, and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). Motorola Mobility LLC was acquired by Lenovo Group Holdings in 2014. Motorola Mobility is a wholly owned subsidiary of Lenovo and is responsible for designing and manufacturing all Moto and Motorola branded mobile handsets and solutions. To View the Image, Click on the Link Below: Swarovski Edition of razr 60 and moto buds LOOP (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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