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    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'
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    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
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    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.
    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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
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    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.

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      Dignity is a Core Human Value Enshrined in the Constitution: Chief Justice of India & Speaker of the Lok Sabha at 11th L.M. Singhvi Memorial Lecture

      September 4, 2025

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      New Delhi, 4th September: “Human dignity refers to the intrinsic worth and respect owed to every human being simply by virtue of being a human being. In the context of the 21st century, this principle has acquired new significance as courts across the world and particularly in India grapple with complex questions arising from technological change, social transformation, and evolving notions of equality and liberty. But the discourse on human dignity in the 21st century cannot be meaningfully undertaken without first understanding the foundational principles laid down in the decades preceding it.” Hon’ble Mr. Justice B.R. Gavai, Chief Justice of India was the Keynote Speaker and Guest of Honour at the Eleventh Dr. L. M. Singhvi Memorial Lecture titled: *Human Dignity as the Soul of the Constitution: Judicial Reflections in the 21st Century.

      “The text of the Constitution explicitly situates dignity alongside the core values of liberty, equality, fraternity, and justice. As reflected in the Preamble, this linkage between dignity and the values of fraternity, unity, and integrity of the nation is significant, as it underscores the idea that respect for each individual is not merely a personal or social value, but a foundational principle for the cohesion of society itself,” he said. The Hon’ble Chief Justice further added that the judiciary has recognised that structural inequalities, historic injustices, and systemic discrimination can undermine the dignity of entire social groups, and that protecting their dignity requires affirmative measures, safeguards, and equality-oriented interventions. Through its jurisprudence, the Court has consistently emphasised that dignity encompasses social recognition, respect, and the opportunity for marginalised communities to participate fully and equally in society, extending beyond mere legal protection to address entrenched social hierarchies and exclusions. He thanked O.P. Jindal Global University and Dr. Abhishek Manu Singhvi, Senior Advocate, Supreme Court of India for the opportunity to speak on such a significant occasion.

      The Chief Guest, Hon’ble Mr. Om Birla, Speaker of the Lok Sabha, said, “The life of Dr. L. M. Singhvi was a remarkable one as a leading politician, constitutional and legal expert, writer, and poet. His life continues to inspire us even today to take up new work, to think in new ways, and to contribute to the nation. That is the true experience we gain from this lecture series. Dr. B. R. Ambedkar and the other framers of our Constitution envisioned a system that was rooted in humanity, fraternity, equality, justice for all, and equal rights for every individual. From the Preamble to the key provisions of the Constitution, the subject of human dignity was deeply deliberated in the Constituent Assembly debates. Our collective endeavour—whether in Parliament, in the executive, or in the judiciary—must be to strengthen democratic institutions in a way that ensures justice and dignity for every citizen.

      In these 75 years, we have worked to transform colonial laws to align them with India’s democratic values. Yet, despite constitutional provisions and reforms, challenges remain in safeguarding human dignity and protecting rights. It must always be remembered that the Constitution of India is not just a legal document. It is a living document that continuously guides us.” The Dr. L. M. Singhvi Memorial Lecture is held annually by O.P. Jindal Global University in honour of India’s leading legal expert Dr. L. M. Singhvi, a multifaceted personality, a jurist par excellence, thinker, orator, linguist, diplomat, lawyer, parliamentarian, author, interfaith exponent, cultural savant who made profound contributions to society as a statesman, diplomat, writer, and lawyer. Dr. Abhishek Manu Singhvi, Senior Advocate, Supreme Court of India & Member of Parliament instituted the Singhvi Endowment at O.P. Jindal Global University and the lecture series is held under its aegis.

      In his introduction, Dr. Abhishek Manu Singhvi, Senior Advocate, Supreme Court of India and MP, Rajya Sabha, said, “The Indian judiciary, to its great credit, has not treated dignity as a mere poetic flourish. It has treated it as a constitutional compass. One example is the evolution of Article 21 from a narrow protection of life and personal liberty, to a fountainhead of rights—livelihood to health, education, clean environment, and privacy to reproductive autonomy. What ties all these expansions together? It is the recognition that life without dignity is no life at all. It is the responsibility of all institutions: the legislature is supposed to honour dignity when it creates laws that empower the marginalised, protect the vulnerable, and equalise opportunity; the executive honours dignity when governance is transparent, fair, and responsive to the last person. Civil society honours dignity when it resists bigotry and builds bridges of understanding. We honour dignity even in the way in which we conduct public discourse—in an age of angry noise, dignity is in listening as much as in speaking, in respecting disagreement as much as in asserting belief.” He reminisced about the distinguished public life of his father Dr. L. M. Singhvi and said, “Dignity for him was not merely a constitutional idea, but a lived practice—to embody, exhibit, breathe, and live it more in political, legal, public, social, or cultural life.” In his Welcome Address, Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor, O.P. Jindal Global University, said, “Democracy is not just a system of governance, it is a culture of the human spirit. We gather today in memory of Dr. L. M. Singhvi, legal luminary, diplomat, jurist, parliamentarian, interfaith exponent, cultural custodian, and visionary. As India’s voice to the world, and the longest-serving diplomat in the UK, he articulated Indian values on the world stage with grace and substance. Dr. Singhvi championed unity, defined tolerance, and human understanding; whether through building the Nehru Centre in London or organising interfaith dialogues, he fostered bonds that transcended dogma. As custodian of culture and civilisation, literature and heritage, Dr. Singhvi was a prolific author, a cultural advocate, and a human rights champion. His belief in law as a moral force defined his public life. He influenced legal reforms, advocated for the creation of the Lokayukta, and helped shape India’s National Human Rights Commission.” Dr. Raj Kumar thanked the illustrious gathering, especially lauding the efforts of Shri Naveen Jindal, Member of Parliament and Chancellor, O.P. Jindal Global University, who conceived the idea of building a world-class institution in Sonipat.

      The Vote of Thanks was given by Mr. Avishkar Singhvi, Advocate, who said, “It is a profound honour for me to offer the vote of thanks at the culmination of the Eleventh Dr. L. M. Singhvi Memorial Lecture, an occasion which is much larger, with continuing scholarships, citations, seminars, and recognitions across the year. Tonight, we engage with an ideal—a vision of law, of democracy, and of human dignity, that continues to illumine our times.” The presenter of the event was Professor Shireen Moti, Associate Professor & Associate Dean, Jindal Global Law School, O.P. Jindal Global University.

      (Disclaimer: The above press release comes to you under an arrangement with O.P. Jindal Global University and PTI takes no editorial responsibility for the same.). PTI PWR

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