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    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
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August 10, 2026
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Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
August 9, 2026
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Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
August 9, 2026
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GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
August 9, 2026
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Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
August 9, 2026
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Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
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.

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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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