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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
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    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
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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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      Nu Republic X Abhay Deol: Dropping Triphop – a Range of Backpacks for Deep Track Listeners, Trailblazers, and Beat Seekers

      September 25, 2025

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      Gurugram, Haryana, India – Business Wire India Nu Republic®, an award-winning Indian lifestyle technology brand renowned for its revolutionary wear-tech — from wireless audio products to earbuds and speakers — proudly announces its multi-year association with Abhay Deol and the launch of its all-new backpack line, Nu Republic Triphop®. Triphop® is a bold new series of backpacks designed for deep track listeners, music lovers, and culture drivers who live life off the beaten path. And who better to embody this spirit than Abhay Deol — the original trailblazer of Indian cinema. Known for pushing creative boundaries, redefining offbeat cool, and even bringing his DJ skills to the floor, Abhay brings the same fearless, multifaceted energy to this collaboration. "I’m excited to be the face of Nu Republic’s Triphop collection and to build backpacks that reflect my personal style," said Abhay Deol. “That’s what excites me — to collaborate with a brand that is bold enough to experiment with design, function and fun.” “Our fans have been asking us to shake up the boring world of travel gear — and we heard them loud and clear. With Triphop, we’re bringing the same tech-inspired drip that made our audio gear iconic, now #designed to move. And with Abhay on board not just as a collaborator but a co-creator, this multi-year partnership is about to set a whole new standard,” said Ujjwal Sarin, Founder, Nu Republic. As brand ambassador, Abhay Deol will actively participate in various promotional activities, including digital and print campaigns, events, and social media initiatives. To drop the collaboration in style, Nu Republic is going all out with a multi-platform campaign created by Design Stack and shot by ace photographer Ashish Shah. The campaign will hit screens and feeds across India, rolling out everywhere from digital to print and beyond. BTS film link: https://www.youtube.com/watch?v=vht9kdFej0s Meet Triphop®: Where Tech Meets Style Crafted for movers, dreamers, and rule-breakers, Triphop backpacks fuse tech, style, and function with Nu Republic’s signature edge: • Future-ready vibes: Smart features like in-built charging docks and anti-theft zips • Drip for days: Bold colors, edgy designs, and materials that hit different • Built tough: Rugged durability to handle your wildest days while keeping the look fire • Stay chill: Thoughtful compartments and comfort-focused design for all-day ease The Triphop Voyager Series, the first drop in this new bag game, is designed to sync with your hustle and amplify your identity. Don’t just carry it — flex it. Snag the range now starting INR 1799 on Amazon.in, Blinkit or on www.nurepublic.co —because life’s too short for boring bags. About Nu Republic® Nu Republic®, is a trailblazing Indian lifestyle technology brand renowned for its disruptive “wear-tech” products - wireless audio, watches. earbuds and speakers, and innovative charging solutions. Backed by our product disruptions, we have firmly planted our flag at the intersection of electronics, music, and fashion. Through our fashion-first design philosophy. We've successfully redefined the playing field by making high-style attainable, and high-tech affordable. Nu Republic® counts dynamic power couple Farhan Akhtar and Shibani Akhtar as its brand endorsers who are now joined by Abhay Deol who will endorse its backpack line Triphop. Nu Republic today is a global brand bringing in the style and pushing boundaries far and wide. We are committed to disruption, counter-culture and self-expression. We continue to partner with influencers, pioneers, and brands who embody our values and forge their own path. Nu Republic® is promoted by NuWorld Retail Private Limited - privately held company based in Gurugram, Haryana. Our products are available through a variety of distribution channels globally. The company’s website can be found at www.nurepublic.co. #Nucodeofcool #designedtomove Address: Nuworld Retail Private Limited 007-008 18th Floor Tower B Emaar Digital Greens Golf Course Ext. Road Gurugram Haryana 122001 Explore the collection introduced in this launch: • Triphop Voyager Evo Backpack Crafted with water-resistant Vegan Leather and Premium Nylon fabric, 2 Main Compartments, Dedicated Laptop Compartment with Velvet touch inside, slip pockets and 1 zipper side pocket. Padded back panel for comfort and support, built-in USB-A & Type-C charging ports, Inside Media & Cards Pockets, Lightweight build, Timeless Design, Splash-dust & Scratch Resistant, Luxury Embossed Logo Standout Features: Vegan Leather and Premium Nylon fabric | Dedicated Laptop Compartment I built-in USB-A & Type-C charging ports | trolley sleeve for travel Nu Republic® Triphop Voyager Evo Backpack is available at an introductory price of INR 1099 • Triphop Voyager Edge Backpack A perfect fusion of style and utility, this premium bag is crafted from water-resistant vegan leather and ballistic nylon, featuring a hard-shell exterior, velvet-lined laptop compartment, and a full-opening back section for easy access. With four major compartments—including a dedicated overnighter space—built-in USB-A & Type-C charging ports, and a trolley sleeve for travel, it’s designed to keep you organized, connected, and moving in style. Standout Features: Vegan Leather and Premium Nylon fabric | hard-shell protection | Dedicated Laptop Compartment I overnighter space | built-in USB-A & Type-C charging ports | trolley sleeve for travel Nu Republic® Triphop Voyager Edge Backpack is available at an introductory price of INR 1999 • Triphop Voyager Drift Backpack Crafted with water-resistant Vegan Leather and Premium Nylon fabric, 4 Main Compartments, Dedicated Laptop Compartment with Velvet touch inside, slip pockets and 1 side pocket. Padded back panel for comfort and support, Built-In dual charging ports (USB-A & Type-C), Inside Media & Cards Pockets, Lightweight build, Timeless Design, Splash-dust & Scratch Resistant, Luxury Embossed Logo Standout Features: Vegan Leather and Premium Nylon fabric | Dedicated Laptop Compartment | Smart multi-functional pockets | built-in USB-A & Type-C charging ports | trolley sleeve for travel Nu Republic® Triphop Voyager Drift Backpack is available at an introductory price of INR 2499 Triphop Voyager Nomad Backpack Style that moves. Power that follows. Built for the hustle — the Voyager Nomad is your go-to backpack for work, travel, and everything in between. Tough on the outside with water-resistant vegan leather and ballistic nylon, sleek in design with stealth metal zips and clean lines. Inside? Smart pockets for your gear, docs, and daily essentials — plus dual charging ports (USB-A & Type-C) to keep your devices juiced up on the move. Whether you’re commuting, flying, or road-tripping — the Nomad’s got your back. Standout Features: Vegan Leather and Premium Nylon fabric | Smart multi-functional pockets | Dedicated Laptop Compartment | built-in USB-A & Type-C charging ports | trolley sleeve for travel Nu Republic® Triphop Voyager Nomad Backpack is available at an introductory price of INR 2999 Triphop Voyager Loop Sling Bag Sleek. Strong. Always in motion. Made for movers who never slow down — the Voyager Loop Sling is your go-to everyday flex. Crafted with Velvex luxe fabric, reinforced with Core Guard tech, and sealed tight with HydroLock waterproofing — it’s built tough, but looks even better. The smart multi-pocket layout keeps your gear close and your style cleaner. Lightweight, durable, and designed with a Vault-fit interior, it’s slim outside but packs more than it lets on. Finished with ballistic nylon armor and an adjustable crossbody strap, this is street-smart function. Standout Features: Velvex luxe fabric, reinforced with Core Guard tech |slim pocket vault | timeless luxe aesthetic | smart compartments | hydrolock waterproof protection |adjustable crossbody strap Nu Republic® Triphop Voyager Loop Sling Bag is available at an introductory price of INR 1599 To View the Image, Click on the Link Below: (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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