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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
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    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
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    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.
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    August 8, 2026
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    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
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    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.
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    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.
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    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.
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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.
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    August 7, 2026
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    August 7, 2026
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    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.
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    August 7, 2026
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    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.
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
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    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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      Karnataka caste census set to begin

      September 22, 2025

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      Bengaluru, Sep 22 (PTI) Social and Educational Survey, popularly known as the 'caste census' in Karnataka, is to get underway on Monday, though the exercise may be delayed by a day or two in Greater Bengaluru area in order to impart training and ensure necesary preparations.

      The survey by the Karnataka State Commission for Backward Classes that will go on till October 7, will see as many as 1.75 lakh enumerators, mostly government school teachers, covering around 7 crore people in approximately 2 crore households across the state.

      The survey, at an estimated cost of Rs 420 crore, will be conducted "scientifically," with a 60-question questionnaire prepared for the exercise, according to officials.

      Meanwhile, amid criticism and objections from various sections, including within the ruling Congress, regarding the castes list prepared for the survey, containing a number of castes with dual identities -- having both Christian and Hindu caste names -- like 'Kuruba Christian', 'Brahmin Christian', 'Vokkaliga Christian' among others, the commission said, the names of these castes will be "masked", but not removed.

      Backward Classes Commission's Chairman Madhusudan R Naik on Sunday said the list of castes in the handbook was not for public information and doesn't have any legal sanctity, it was only to help the enumerators get the list of castes in the drop-down as per the alphabetical order.

      He said the app used for the survey will not show these 33 castes with dual identities, with them being masked now. However, the citizen is free to enumerate according to his choice.

      "Our survey will commence from September 22. We have made all the preparations. In the public perception, there were misconceptions and certain issues were being debated. Taking note of those concerns, the commission met and deliberated," Naik said.

      Speaking to reporters here, he said, "Taking note of the possible creation of confusion in the minds of the public, we have resolved that the drop-down which is only for our internal consumption, will not prompt certain castes, which were perceived to be something which is not acceptable to certain sections of the people." "Those castes will not get prompted by the surveyors for noting them down, but however it will remain in the system and anybody out of his free will, can always notify the surveyor that he belongs to such caste," he added.

      Noting that in addition, the commission has also addressed certain other concerns like the KYC difficulties that may be faced, Naik said, an app has been introduced to have the face recognition, and it will possibly bring down the concerns with regard to authentication of Aadhaar.

      "Otherwise our preparation is complete, we will be commencing our survey from Monday," he said.

      The commission's chairman also said, at the request of the administrative authorities of Greater Bengaluru, there may be a delay by a day or two for the survey in the city. "But our programme is there for the entire period of September 22 to October 7," he added.

      According to officials, each household will be geo-tagged using its electricity meter number and will be assigned a Unique Household ID (UHID).

      During the data collection process, ration cards and Aadhaar details will be linked to mobile numbers.

      For those who are not at home during the survey and to address grievances, if any, a dedicated helpline number (8050770004) has been set up. Citizens can also participate online, they added.

      Aimed at consolidating their castes strength, seers and leaders of Vokkaligas, a dominant community, have asked their people to identify their religion as 'Hindu' and caste as just 'Vokkaliga', while "sub-caste should be mentioned only if it is absolutely necessary.

      There seems to be some lack of clarity among another dominant community, the Veerahaiva-Lingayats, as leaders have suggested the community members exercise their discretion while mentioning their religion, while urging them to mention Veerashaiva-Lingayat in the caste column. There were voices within the community to mention Veerashaiva-Lingayat as a religion, instead of Hindus.

      Several other communities like Kurubas, Muslims, Scheduled Castes, Brahmins, among others too have held meetings to decide how they should identify themselves during the survey in order to consolidate their numbers.

      The BJP, which has accused the Congress government of conducting the survey "hastily" to "divide Hindus", has also questioned the need for the survey, when the Centre has already announced caste enumeration in the national census.

      The government had spent Rs 165.51 crore on an earlier Social and Educational Survey in 2015, which was later discarded.

      The Karnataka Cabinet on June 12 approved a fresh survey, effectively nullifying the 2015 exercise, citing Section 11(1) of the Karnataka State Commission for Backward Classes Act, 1995, which mandates a revision of the state backward classes list once every 10 years.

      Several communities, notably Karnataka's two dominant groups--Vokkaligas and Veershaiva-Lingayats--had expressed strong reservations about the 2015 survey, calling it "unscientific" and demanding a fresh enumeration. There were also opposing voices from within the ruling Congress party. PTI KSU ADB

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