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    Regional Rural Banks (RRBs) Record Strong Growth in Credit Delivery during FY 2025–26
    METSTO Delivers Adjustable Pallet Racking System Solutions for Warehouses
    China rolls out new measures to boost consumption in counties, smaller cities
    Strengthening Collaboration to Preserve Sovereignty: Collaborative Cash Ecosystems - Global Strategies to Preserve Trust and Sovereignty - Keynote Add...
    SC asks CBI to examine all six allegations of dubious transactions involving Indiabulls
    Cyber fraudsters invent 'boss' scam to target companies; Ahmedabad cops bust international network
    Personal Loan Prepayment Charges: What RBI Rules Say in 2026
    Zeeba Revamps Packaging and Announces Chef Vikas Khanna as Its Global Brand Ambassador
    Paul Merchants Finance Launches Loan Against Silver, Becomes India’s First NBFC to Set Up Exclusive Silver Loan Branches
    CarePass Launches This Independence Day, Bringing Healthcare Savings Across India's Top and Premium Hospitals
    Keralam CM flags off containers from Vizhinjam, marking start of EXIM operations
    Kerala: Fresh ED raids in CMRL-Exalogic Solutions case
    ED raids KPSC office, ex-chairman in veterinary officers hiring 'scam' case
    Keralam CM reviews operational preparedness at Vizhinjam port
    Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs 3rd Meeting of Apex Monitoring Authority of NICDIT and reviews the pro...
    NBCC moves SC for RERA exemptions to complete 16 stalled Supertech projects
    DFS Hosts PSB Confluence 2026: Day 1 Deliberations focus on Four themes- Deposit Mobilisation, Banking for Youth, Supporting the Investment Cycle and ...
    Govt to soon announce high-level panel on 'Banking for Viksit Bharat': FM
    Rupee falls 19 paise to close at 95.61 against US dollar
    Govt to soon announce high-level panel on 'Banking for Viksit Bharat'
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August 18, 2026
Show AI Summary
Priority sector lending strengthened rural credit access through agricultural, micro-enterprise and weaker-section finance, reinforcing financial inclusion and sustainable development.
Regional Rural Banks expanded rural credit delivery while maintaining strong Priority Sector Lending performance during FY 2025-26. Almost all Regional Rural Banks met the prescribed overall priority-sector target. Agriculture and allied activities remained the largest priority-sector component, with farm credit accounting for nearly all agricultural lending. MSME finance predominantly supported micro enterprises, rural entrepreneurs, artisans and small businesses. Lending to weaker sections and finance for housing, education, renewable energy and social infrastructure promoted inclusive access to institutional credit and sustainable rural development.
August 18, 2026
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Adjustable pallet racking systems support customised, scalable warehouse storage through configurable layouts, safety assessment, installation and lifecycle support.
Adjustable pallet racking systems are configurable warehouse-storage solutions for varied inventory dimensions, weights and product types. They support bulk pallet storage, multi-level picking and high-density configurations through adjustable beams and shelves, load-bearing capacity, structural durability and space-efficient layouts. Storage configurations are customised after assessing inventory dimensions, payload requirements, available space and material-movement frequency, with support for design, installation, inspections and after-sales service.
August 18, 2026
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Domestic consumption expansion targets lower-tier markets through improved retail channels, distribution networks, employment support and household income opportunities.
China has introduced measures to strengthen domestic consumption in counties, smaller cities, townships and rural areas. The measures include upgrading township commercial centres, rural markets and local fairs; encouraging domestic and international brands to establish regional debut stores; and reusing existing land resources to improve services. They also seek better services for elderly persons and children, stronger urban-rural distribution networks, county-level employment and resident income channels. The strategy supports a shift towards household consumption amid weak domestic demand, property-sector pressures and subdued consumer sentiment.
August 18, 2026
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Currency management preserves monetary sovereignty through clean notes, secure logistics, decentralised distribution, durable banknotes, and sustainable cash-cycle operations.
Currency management supports trust in cash and monetary sovereignty through demand planning, secure production, distribution, replacement, and disposal. The Clean Note Policy requires good-quality banknotes to be available in required denominations and locations, with unfit notes continuously withdrawn and replaced. A decentralised Currency Chest network distributes fresh currency, processes returned notes, supports linked bank branches, and operates under licensing, real-time reporting, inspection, and audit requirements. Current priorities include managing uncertain cash demand, improving note durability, and reducing the carbon footprint of the cash cycle.
August 18, 2026
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Independent investigation of alleged dubious transactions requires examination of all six allegations despite prior police conclusions.
Investigation into alleged dubious transactions involving Indiabulls Housing Finance Limited and related entities must cover all six allegations identified by the Enforcement Directorate. The CBI must independently examine five allegations previously reviewed by the Delhi Police Economic Offence Wing, irrespective of its conclusion, and submit a comprehensive report. Further investigation into the sixth allegation depends on the special PMLA court deciding the CBI's pending application, after which the CBI must provide a progress or status report.
August 18, 2026
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Boss scam prevention requires independent verification of payment requests and avoidance of malicious WhatsApp attachments that enable executive impersonation.
Boss scam, or CEO impersonation fraud, uses malicious WhatsApp attachments and impersonation of regulatory officials or company executives to obtain control of WhatsApp sessions and issue fraudulent payment instructions. The alleged network supplied SIM cards, dummy SIMs, WhatsApp accounts and one-time passwords to cyber-fraud operators, illustrating a Cybercrime as a Service model. Preventive measures include avoiding suspicious ZIP, executable, library and APK files and independently verifying all financial-transfer requests.
August 18, 2026
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Floating-rate personal loan prepayment protections prohibit charges and compulsory lock-ins for qualifying individual non-business borrowers from 2026.
Prepayment charges are prohibited for part or full repayment of qualifying floating-rate loans availed by individual borrowers for non-business purposes and sanctioned or renewed on or after 1 January 2026. Compulsory lock-in periods cannot restrict prepayment of such loans. Fixed-rate personal loans may still attract prepayment or foreclosure charges under lender policy and contractual terms. Borrowers should check the loan's rate type, sanction letter, loan agreement and key fact statement, where applicable, and compare applicable charges with potential interest savings before early repayment.
August 18, 2026
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Premium Basmati rice positioning drives Zeeba's packaging refresh and ambassador-led campaign focused on quality, authenticity and domestic expansion.
Zeeba has refreshed its packaging and appointed Chef Vikas Khanna as global brand ambassador to support expansion in India. Its "Aisa Basmati Nahi Dekha" campaign positions the brand around export-quality Basmati rice, consistency, authenticity and a superior culinary experience. Promotional activity will extend across digital, retail and consumer touchpoints. The premium Basmati range is described as carefully sourced, naturally aged and processed according to global quality standards, with emphasis on grain quality, authentic taste, purity and consistency.
August 18, 2026
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Silver-collateral lending creates a formal secured-credit channel for eligible borrowers, subject to regulatory requirements and lender policies.
Loans against silver collateral have been introduced following the Reserve Bank of India's Lending Against Gold and Silver Collateral Directions, 2025, enabling eligible regulated lenders to accept silver as security. The offering provides a formal and transparent credit channel against eligible silver jewellery, ornaments and approved silver coins. It is intended for individuals, proprietors and MSMEs requiring liquidity for personal, business and other legitimate financial needs, subject to lending policies and applicable regulatory requirements.
August 18, 2026
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Healthcare discount membership provides instant savings on out-of-pocket care at participating premium providers without insurance claims or paperwork.
CarePass is a healthcare savings membership card providing instant point-of-billing discounts at participating premium healthcare providers across India. It covers out-of-pocket spending on hospital treatment, diagnostics, dental, vision, dermatology, hair and skin care, and IVF and maternity services, without claim processing, waiting periods or paperwork. Members present a digital CarePass at a participating provider to receive the applicable discount. Four membership tiers offer differing benefits, with higher tiers including tele-consultations and annual health checks. CarePass is a discount membership and not an insurance product.
August 18, 2026
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EXIM operations at Vizhinjam commence with container movement, supported by investor facilitation, infrastructure backing and port-led logistics development.
EXIM operations at Vizhinjam international seaport commenced with the flagging off of two containers after a successful trial export shipment. The state government proposes investor engagement, regulatory facilitation and infrastructure support to expand global export activities through the port. Mission Samudra is to operate as a port-led industrial and logistics development scheme. The deep-water port was developed under a public-private partnership model and had received commercial commissioning certification.
August 18, 2026
Show AI Summary
Money-laundering investigation under PMLA expands through searches into alleged consultancy payments linked to CMRL and Exalogic Solutions.
Money-laundering investigation under the Prevention of Money Laundering Act involves fresh searches connected with Cochin Minerals and Rutile Ltd and Exalogic Solutions. The inquiry concerns alleged fraudulent payments made under the guise of IT consultancy services and a purported money trail involving persons allegedly connected with those transactions. The action follows earlier searches and questioning in relation to the same matter.
August 18, 2026
Show AI Summary
Recruitment examination irregularities trigger money-laundering investigation into alleged bribery, paper leaks, answer-sheet tampering, and preferential veterinary officer selections.
Money-laundering investigation under the Prevention of Money Laundering Act concerns alleged irregularities in veterinary officers' final selection through a public recruitment examination. Searches covered premises linked to commission officials, alleged intermediaries, the digital evaluation entity, and selected candidates. Allegations include bribery demands, examination-paper leakage, OMR answer-sheet tampering, and facilitation of selection for relatives of commission officials.
August 18, 2026
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Export-import operations advance through operational preparedness review and planned port-led industrial and logistics development initiatives.
Operational preparedness for full land-based export-import operations at Vizhinjam Seaport was reviewed, including the Vehicle Traffic Management System. EXIM cargo operations follow a trial shipment of the port's first export container to Valencia. Mission Samudra is proposed to support port-led industrial and logistics development alongside these operations. The deep-water port was developed through a public-private partnership model and had obtained commercial commissioning certification before its dedication to the nation.
August 18, 2026
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Industrial corridor development prioritises empowered SPVs, integrated infrastructure and investor-ready parks to accelerate manufacturing investment and operations.
National Industrial Corridor Development Programme implementation prioritises timely infrastructure completion, land allotment, investment mobilisation and commencement of manufacturing. PM GatiShakti-aligned planning requires integrated connectivity, utilities and social infrastructure, while States should resolve land, clearance and SPV-power bottlenecks. BHAVYA proposes investment-ready, plug-and-play industrial parks appraised for ready land, credible demand, connectivity, utilities, realistic phasing and early investor attraction. NICDIT routes Government participation and equity support for BHAVYA project SPVs, and NICDC coordinates implementation and monitoring.
August 17, 2026
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RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
August 17, 2026
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Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
August 17, 2026
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Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
August 17, 2026
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FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
August 17, 2026
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Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.

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10 Icons Who Inspire Change: A Celebration of Vision, Commitment & Legacy

October 3, 2025

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Unveiled by Kiteskraft Productions LLP CHANDIGARH, India, Oct. 3, 2025 /PRNewswire/ -- Kiteskraft Productions LLP proudly honors ten exceptional people whose vision, dedication, and innovation are transforming India's educational landscape. More than teachers, they are mentors and changemakers—nurturing creativity, critical thinking, and social responsibility among students. Through their tireless efforts in academics, leadership, and community impact, these icons inspire generations to dream big and achieve more. This recognition celebrates their enduring legacy as true architects of progress and guiding lights for the nation's future. Avinash Shende and Sachin Pande: Pioneering Digital Finance with VGIL Avinash Shende and Sachin Pande, visionary leaders of Virtual Galaxy Infotech Limited (VGIL), have redefined fintech with cutting-edge AI-powered solutions in core banking, digital payments, ERP, and e-Governance. Founded in 1997, VGIL has steadily expanded across India and Africa, empowering financial institutions through innovation, efficiency, and inclusion. Its flagship products, E-Banker and V-Pay, have earned industry acclaim for transforming digital banking and payment ecosystems. As VGIL transitions into a public limited company, its leadership continues to champion emerging technologies, data-driven solutions, and customer-centric services. With nearly three decades of expertise and global presence, VGIL remains at the forefront of digital transformation, shaping the future of finance through innovation, scalability, and trust. Bhishma Madhani: Bhishma Madhani is a visionary fitness entrepreneur and internationally trained strength and conditioning coach whose mission blends elite sport with nation-building. With a B.Sc. in Sports and Exercise Science from London and now pursuing an M.Sc. in Sports Directorship, he combines scientific expertise with strategic leadership. His career includes coaching roles at Lord's Cricket Ground and Watford FC's U-19 team in England, shaping his world-class approach. Choosing service over comfort, he returned to India to raise its sporting culture. Today, he leads his premium brand Body Architect – BM and manages MV FITNESS – India's best premium gym, setting new standards in fitness and lifestyle. As an Ambassador of the Fit India Movement, he promotes accessible fitness, mentors athletes, supports the armed forces, uplifts underprivileged children, and champions animal welfare — embodying service-driven excellence and redefining what it means to be a modern fitness leader. Ranjeet Singh Nirvana: Ranjeet Singh Nirvana is a veteran hospitality leader with over 32 years of experience shaping premier hotels and resorts across India and abroad. Currently the General Manager at Rawla Sagrun, Kumbhalgarh, he has elevated the property into a top destination for luxury weddings and exceptional guest experiences. A graduate in Hotel and Tourism Management with a Master Diploma in Software Technology, he excels in pre-opening operations, project management, and staff training. His career spans leadership roles at Aranya Vilas Resort, Hotel Udai Kothi, and Sunway Hotel in China, where he introduced authentic Indian hospitality and cuisine. Known for hands-on leadership, financial acumen, and guest-centric innovation, he continues to set new standards of service, efficiency, and cross-cultural excellence in Indian hospitality. Sajin and SARA CONSTRUCTION & ENTERPRISES: At just 25, Er. Sajin stands as a dynamic young entrepreneur with an Innovative Businessman award and Emerging Entrepreneur of the Year 2025 award in India, he has turned challenges into opportunities through discipline, creativity, and determination. A civil engineer by profession, he embarked on his entrepreneurial journey in 2020. With guidance from his father and valuable corporate training at a leading real estate company, he sharpened both his technical skills and business acumen. This foundation gave rise to SARA CONSTRUCTION & ENTERPRISES, a name now synonymous with quality and timely delivery. In just a few years, the company has achieved an impressive annual turnover of ₹10 crores, establishing Sajin as an inspiring role model for aspiring engineers and entrepreneurs. Dr. C. Sujitha Deva Vishnu: Dr. C. Sujitha Deva Vishnu is a pioneering entrepreneur who blends academic brilliance with social responsibility. Holding dual master's degrees in power electronics and business management, she began as a professor and renewable energy researcher before shifting to organic farming after her marriage in 2017. Turning passion into enterprise, she built a thriving, eco-friendly business while promoting sustainability and innovation. During the pandemic, she led impactful food aid initiatives, reflecting her deep commitment to community welfare. Her exceptional contributions have earned her several national and international accolades and an honorary doctorate in Women Entrepreneurship from Universal Tamil University. Through resilience, integrity, and vision, Dr. Sujitha inspires women to pursue success with purpose, proving that passion and perseverance can transform challenges into achievements. Dr. Shahnawaz Alam: Dr. Shahnawaz Alam, a distinguished union leader and scholar from Jamshedpur, Jharkhand, has over 28 years of experience in industrial relations and labour welfare. Currently Vice President of Tata Workers' Union, Working President at JCAPCPL, and Secretary of Jharkhand INTUC, he is known for fostering dialogue between management and workers. A Ph.D. in Management, he also serves as visiting faculty at IIM Ranchi and XISS Ranchi. Dr. Alam has introduced reforms such as union constitutions, ISO auditor training, and the Tata Workers' Union Heritage Gallery, while promoting democratic elections and skill development programs. Internationally trained and widely published, he combines practical leadership with academic insight, empowering employees, advocating social inclusion, and shaping progressive labour practices across India's industrial landscape. Mrs. Sudha Gupta : Nearly three decades ago, when joyful, nurturing preschools were rare in India, Mrs. Sudha Gupta redefined early education with the launch of Mother's Pride in 1996, guided by the philosophy 'Love Blossoms Here'. Her vision expanded in 2005 with Presidium, a school that nurtures leadership, creativity, and individuality alongside academics. A celebrated life coach and parenting expert, she empowers parents and teachers while shaping young minds with love and purpose. Through books, media columns, and global speaking engagements, she continues to inspire modern parenting and education. Honored with prestigious awards including CNBC's Emerging India Award, the Golden Peacock Award, and FICCI's Outstanding Woman Entrepreneur, she now advances her latest initiative, 'The Guru is Here', fostering life skills for tomorrow's world. Dr. Rajesh Takyar: Dr. Rajesh Takyar, a celebrated author, entrepreneur, and spiritual thinker, embodies perseverance and purpose. At 71, he is creating a book series on the eighteen chapters of the Shrimad Bhagavad Gita, four of which are already complete. Known for works like Safalta Ka Rasta, Krishna Ek Satyagyan, and Inventing Dreams—winner of the Golden Book Award—he shares timeless wisdom drawn from Hindu scriptures with modern readers. A National Bharat Ratna Award and Best Author Award recipient, he also invented the world's first tea-making robot, the Hiarya Tea Robot, showcasing his innovative spirit. From overcoming financial struggles to global recognition, Dr. Takyar's journey unites spirituality and technology, inspiring future generations to pursue knowledge, resilience, and the belief that even the impossible can be achieved. Dr. Amisha Qaenaat Anand: Dr. Amisha Qaenaat Anand is emerging as a pioneer in the robotic industry with her groundbreaking innovation in medical and surgical robotics. She emphasizes that neuro-robotics is rapidly evolving, requiring constant innovation to ease patients' lives. Her revolutionary rehabilitation robot is shaping the future of neurological therapy by enhancing quality of life through precise control, therapy personalization, real-time progress monitoring, and interactivity. This innovation reduces the burden on therapists while accelerating recovery for patients with diverse neurological conditions. By integrating medical aid with robotics, Dr. Anand has created a versatile tool that makes rehabilitation more effective and efficient. Educated in London and the U.S., and innovating in Japan, she brings immense pride to India with her achievements. Abdul Sattar Sainudeen: Abdul Sattar Sainudeen, the visionary Founder and Director of Real English School, stands as a true trailblazer in the landscape of modern education. His institution created history in 2005 by becoming the world's first IMS-certified school, redefining benchmarks of quality and excellence in learning. The school has pioneered reforms by introducing Computer education right from grade one since 1993, CCTV surveillance, talkback systems, lightning arresters, safety training, firefighting equipment, and a website for the first time in Gujarat in 2001. Under his dynamic leadership, the school has won 106 international gold medals. Honored with eight national awards and an international gold medal, he continues, even at 67, to inspire with groundbreaking research that challenges Einstein's theory of relativity. About Kiteskraft Productions Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: https://mma.prnewswire.com/media/2788419/Kiteskraft_10_Icons.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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