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    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
    No Charges for UPI Users
    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
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    Raymond Limited reports a healthy Q1 FY27 performance
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    August 10, 2026
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    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
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    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    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
    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
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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.

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      'Insult to women, unacceptable': Oppn slams govt over women journalists' absence from Afghan FM presser

      October 11, 2025

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      New Delhi, Oct 11 (PTI) The opposition on Saturday termed the absence of female journalists from a press conference of visiting Afghan Foreign Minister Amir Khan Muttaqi “unacceptable” and “an insult to women”, and asked Prime Minister Narendra Modi to clarify his position on the matter.

      Congress general secretary Priyanka Gandhi Vadra said if the prime minister's recognition of women's rights isn't just convenient posturing from one election to the other, how has this "insult to some of India's most competent women been allowed in our country".

      The Congress said it was shocking and unacceptable that the government of India agreed to the "ban on female journalists" at the presser in Delhi.

      In a post on X, Congress general secretary in-charge communications, Jairam Ramesh, said, "(Tali)ban on female journalists in India. Shocking and unacceptable that the Govt of India agreed to it -- and that too in New Delhi on the eve of the International Day of the Girl Child." Priyanka Gandhi asked Modi to clarify his position on the absence of women journalists from Muttaqi's press conference, and described the incident as an "insult to some of India's most competent women".

      "Prime Minister @narendramodi ji, please clarify your position on the removal of female journalists from the press conference of the representative of the Taliban on his visit to India," she said on X.

      "If your recognition of women's rights isn't just convenient posturing from one election to the other, how has this insult to some of India's most competent women been allowed in our country, a country whose women are its backbone and its pride," Priyanka Gandhi said.

      The press conference addressed by Muttaqi on Friday saw participation restricted to a handful of reporters, while women journalists were conspicuous by their absence.

      Muttaqi held the interaction at the Afghan embassy in New Delhi, hours after holding wide-ranging talks with External Affairs Minister S Jaishankar.

      It is learnt that the decision on inviting journalists to the media interaction was taken by Taliban officials accompanying the foreign minister.

      People familiar with the matter said the Indian side suggested to the Afghan side that women journalists should be part of the invitees for the event.

      In a post on X, former home minister and senior Congress leader P Chidambaram said, "I am shocked that women journalists were excluded from the press conference addressed by Mr Amir Khan Muttaqi of Afghanistan." "In my personal view, the men journalists should have walked out when they found that their women colleagues were excluded (or not invited)," Chidambaram said.

      Trinamool Congress MP Mahua Moitra also slammed the government on the issue.

      "The government has dishonoured every single Indian woman by allowing the Taliban minister to exclude women journalists from his presser. Shameful bunch of spineless hypocrites," she said on X.

      Another Trinamool MP, Sagarika Ghose, claimed the Narendra Modi government again "reveals its failure to evolve a foreign policy in which engagement is separated from endorsement".

      "Women journalists being excluded from the #Taliban press conference in Delhi is UNACCEPTABLE and HATEFUL. This is not oh-so-smart 'geostrategic diplomacy', it is a surrender by the weak, failed Narendra Modi coalition government," she said on X.

      RJD MP Manoj Kumar Jha said that by not allowing women journalists to attend the press conference of the Taliban foreign minister, India has compromised its own moral and diplomatic standing.

      "This is not just a procedural lapse but a symbolic surrender of India's long-cherished commitment to equality, freedom of the press, and gender justice.

      "For a country that has prided itself on being the world's largest democracy and a champion of women's participation in every sphere, this incident is deeply disappointing and politically short-sighted," Jha said in a post on X.

      "It sends out the wrong message to Indian women and the global community that convenience has triumphed over conviction. Jai Hind," he added.

      Shiv Sena (UBT) MP Priyanka Chaturvedi said in an X post, "No women journalists invited for the presser (because of Taliban beliefs). The Bamiyan Buddhas (destroyed by Taliban) were the backdrop at the presser.

      "The messaging of the 'Emirates of Afghanistan' as recognised as of yesterday by the Indian government. Truly ironic," she said.

      Congress spokesperson Supriya Shrinate asked why did the Modi government agree to this "men-only" "Talibani diktat".

      "How weak are you @DrSJaishankar and @narendramodi," Shrinate asked.

      The Congress on its official X handle said women journalists were barred from Taliban Foreign Minister Muttaqi's press conference on Indian soil.

      "This is not just about one event. It reflects the utter disregard for women's dignity that has become normal under the Modi government. When the world looks to India, a democracy built on equality, what message are we sending by allowing such discrimination to take place here? "We demand answers from the Modi government. How can they let anyone disrespect women on our soil? Or is this the government's own vision for women's silence, exclusion, and submission?" "How weak are you, @DrSJaishankar and @narendramodi, that you cannot even defend the basic dignity of Indian women in your own country," the party asked.

      Congress MP Karti Chidambaram said, "I understand the geopolitical compulsions that force us to engage with the Taliban, but to accede to their discriminatory and plain primitive mores is outright ridiculous, it's very disappointing to note the conduct of the @MEAIndia and @DrSJaishankar in excluding women journalists from the press briefing of the Taliban Minister." The Taliban regime in Kabul has faced severe criticism from various countries as well as global bodies like the United Nations for restricting the rights of women in Afghanistan.

      On Friday, Muttaqi side-stepped a direct question on the plight of women in Afghanistan, but said every country has its own customs, laws and principles, and there should be respect for them.

      He claimed that the overall situation in Afghanistan has improved significantly since the Taliban came to power in August 2021.

      Muttaqi pointed out that some 200 to 400 people died in Afghanistan every day before the Taliban started ruling the country.

      "In these four years, there have been no such losses. Laws are in force and every one has their rights. Those who are engaging in propaganda are making a mistake," Muttaqi said.

      "Every country has its own customs, laws and principles, and works according to those. It is not correct that people are not given their rights. If people were not happy with the system and the laws, why has peace returned," he asked. PTI ASK ARI ARI

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