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    DFS Organises Workshop to Strengthen Implementation of Reservation Policy Across Public Financial Institutions
    DPIIT Signs MoUs with PhonePe and Shell India to Strengthen Startup Ecosystem and Drive Innovation
    Union Minister of Commerce and Industry Shri Piyush Goyal Strengthens India-Singapore Economic Partnership through High-Level Bilateral and Business E...
    A Vision for Responsible AI, Resilient Banking - Keynote Address [Contributions by RBI colleagues Ms. Chandni Trehan Saluja and Ms. Kavita Gangwal, De...
    Razorpay Launches Multi-Currency Account, Helping Exporters Retain International Earnings in Foreign Currencies
    DB HiTek to Make Debut at electronica India 2026, Targeting Growth in Indian Market
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    MSMEs are the true builders of India’s economic resilience: LG Sinha
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August 20, 2026
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Reservation policy implementation is strengthened through capacity building, uniform institutional practices, welfare measures, and improved financial accessibility for Divyangjans.
Reservation policy implementation across Public Sector Banks, Public Sector Insurance Companies, sectoral regulators and Public Financial Institutions is being strengthened through a capacity-building workshop. The programme seeks uniform and effective application of Government reservation policies and related welfare measures. Senior human-resource functionaries and Chief Liaison Officers considered practical implementation issues, actionable measures for consistency, and operational concerns. It also focuses on improving accessibility of financial services for Divyangjans.
August 20, 2026
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Startup ecosystem support expands through digital infrastructure, mentorship, market linkages and specialised assistance for energy and climate-tech innovation.
DPIIT's collaborations with PhonePe and Shell India create support mechanisms for DPIIT-recognised startups through technology access, digital infrastructure, mentorship, market opportunities and industry networks. PhonePe will provide transaction credits, access to the Indus AppStore, onboarding support, brand visibility, and training on fintech, sales, go-to-market strategy and business scaling. Shell India will assist energy and climate-tech startups through mentorship, strategic guidance, investor and incubator connections, participation opportunities, and knowledge-sharing materials on innovation and best practices.
August 20, 2026
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India-Singapore economic cooperation advances through trade, investment, technology and business linkages, including agriculture, fintech and sustainable infrastructure collaboration.
India-Singapore economic cooperation was advanced through ministerial, business and government-to-business engagements focused on deepening bilateral trade, investment, technology and commercial linkages. Discussions addressed agri-exports, GCC-based commercial parks, fintech and sustainable infrastructure, alongside expanding agricultural market linkages. The engagements reinforced commitment to strengthening trade, investment, technology and business-to-business cooperation.
August 20, 2026
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Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
August 19, 2026
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Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
August 19, 2026
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MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
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Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
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Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
August 19, 2026
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Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
August 19, 2026
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Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
August 19, 2026
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Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
August 19, 2026
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Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
August 19, 2026
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International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
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Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.

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Customs & Trade

Singapore Funeral Service: Honoring Lives with Dignity and Compassion

October 3, 2025

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angbrothersfuneral.com.sg Introduction to Funeral Services in Singapore Funerals are one of the most important cultural and emotional occasions in life. They allow families and communities to remember the life of a loved one and offer comfort and another method to honor the deceased. Singapore’s funeral rites are as unique as the myriad of cultures and religions practiced in this densely populated island city. The need for a professional Singapore funeral service has increased as family members commonly desire advice and assistance in their orchestrating and organising farewell wishes to their loved one. The Role of a Funeral Service Provider A funeral chapel Funeral chapel via GIPHY A funeral chapel is a valuable partner in a whole host of decisions, but what are the services it offers when death has occurred? They help to arrange details including transportation, embalming, casket purchase, and arranging a memorial hall. ​ Their professionalism reduces time-consuming burdens for the families, so that they can concentrate on grieving and honoring the deceased. A reliable service provider will also ensure that sensitivity toward cultural and religious customs are not violated and this is particularly important in multi-racial Singapore. Cultural Diversity in Singapore Funeral Services Buddhism, Taoism, Christianity, Catholicism, Islam and Hinduism are also present in Singapore. There are funerary traditions and rites to observe in every religion. For instance, for those who are Buddhists and Taoists, usually there is chanting in their funeral, also for Christian and Catholic, they have prayer and singing of hymns. Muslim funerals are performed according to Islam and held soon after the death; Hindu funerals include cremation rituals. With so many permutations of ritual and religious preference it's impossible to keep the same format for every family we come into contact with and, as a consequence, a good Singapore funeral service needs to be able to be all things to all people just so that we are able to fulfil our commitment to family after family. The Importance of Rituals and Traditions What may seem purely ceremonial in death rituals can also have deep symbolic meaning for the family and the community. These customs provide individuals with an opportunity to resign to grieve, pay tribute, and honor the memory of the deceased. “These customs are meaningful to many families in Singapore, and they frequently depend on funeral service professionals for guidance to ensure that the customs are carried out properly. From sourcing monks or prelates to conduct the ceremonies, to obtaining the right offerings and setting up the altar, the service provider ensures that everything is in keeping with the family’s cultural expectations. Modernization of Funeral Services in Singapore Though traditions are still the pillar of funerals, there are new trends when it comes to services. These days a lot of families will opt to have a customised or more simplified ceremony that suits either the wishes of the deceased or the family themselves. Live-streaming of funerals has also caught on, enabling relatives abroad to participate as well. Personalized decorations, memorial videos and themed floral arrangements increasingly are requested, making the funeral a more individual and meaningful farewell. Singapore's professional funeral services industry has responded to these shifts by providing customised and flexible solutions. The Emotional Support Offered by Funeral Directors Funeral directors and their staff do much more than simply manage logistics: They also offer emotional support. Whether you need time and space to grieve after losing a loved one or are dealing with the grief that comes with a traumatic experience, dealing with grief is an extremely heavy burden. They walk families through every step of the process, teaching them about rituals, helping them with paperwork and answering their questions patiently. Their very presence is a comfort to mourners who know they’re not alone during times of grief. Planning Ahead with Pre-Funeral Arrangements Pre-funeral planning as a means of lightening the load for loved ones is starting to catch on with more people in Singapore. Prearranging gives people an opportunity to make their service exactly what they want to have (kind of service, rituals, even financial). Through engaging a Singapore funeral service provider ahead of time, the bereaved families can rest easy knowing that their last wish will come true and not getting confused at a time of grief. It saves the individual as well as their close ones from the fear of the unknown. The Practical Aspects of a Funeral Service Rituals aside, funerals entail a lot of practical work. This includes, but is not limited to, the transporting of the remains, embalming & preparation, helping choose a casket or urn, preparing flowers and coordinating with the burial ground and crematorium. In Singapore, land is scarce and many families also grapple with the issue of whether to bury or cremate. That's where an experienced funeral service takes the reins--not only will they guide you through the process and make a difficult time easier, but will assist you with the mandate and all related documents in a sensitive and professional manner. The Rising Costs of Funerals in Singapore Funeral expenses are also a factor. Prices vary greatly depending on the type of service, the number of days the wake lasts, and the type of casket or other personalized requests. While some families may see a value in simplicity and frugality, others may look for grand functions. But pros are forthright with their pricing and all of them offer packages that will suit a range of budgets. Affordable rates must not sacrifice dignity, which is why families depend on the care of long-time providers offering services at the right cost. How Funeral Services Bring Closure Grief is a process, and the funeral is a crucial part of that process. It affords families and friends an organised way to say goodbye, to express their sorrow and start on the road to recovery. An efficient funeral service gives families and friends the opportunity to grieve the loss of a loved-one, without having to worry about the details. Why Choose Professional Funeral Services in Singapore Some families try to do it themselves, but the expertise and professionalism of a funeral home can really bring a sense of peace. They are bringing with them expertise in cultural customs, organizational operations and on-the-ground logistics. But, most importantly, they are also supportive in a situation full of feelings. Opting for a reputable Singapore funeral service means that the final farewell is done with respect, dignity and attention which gives the family long term comfort/ peace of mind to face the future. Conclusion: Finding Comfort in Compassionate Services A funeral is not a ceremony, it is a last act of love, respect and remembrance to someone you loved. In a multi-racial society such as Singapore, being accustomed to private rituals while attuned to contemporary needs are qualities that many families require. Professional providers will ensure that all aspects of the service are performed with the utmost dignity, sensitivity, and respect, providing families with peace of mind during a challenging time. For those in search of a reliable and supportive service angbrothersfuneral.com.sg is a leading funeral services provider in Singapore that focuses on delivering high quality services, coupled with the local culture of caring and professional service. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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