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    RJD criticises UDF govt's move not to disburse pensions through cooperative banks
    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
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    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
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    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
    Show AI Summary
    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
    Show AI Summary
    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
    Show AI Summary
    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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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.
    August 7, 2026
    Show AI Summary
    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    August 7, 2026
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    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".

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      Diwali Sale 2025: Branded Watches on Sale in India

      October 11, 2025

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      This Diwali 2025, gift timeless luxury. Explore Sylvi’s branded watches on sale—Iconic, Urbane, Timegrapher, Rig One O One, Velvetine, Bella, Timeora, Riva & Dazell. Diwali is not only about the use of diyas and sweets. It is that magic time of the year when the streets are open until late at night, children carry sparklers in their hands, and families finally stop their hectic life to have a seat together. There is exchange of gifts, laughter is heard across the house and the closeness of togetherness makes it all even better.

      This truly is khushiyon ki ghadi — the moment of happiness we all wait for. And what could be better than marking it with a gift that stays, a gift that reminds your loved ones of these joyful times long after the festival lights have dimmed? Most of us usually turn to sweets or gift hampers. They’re nice, but let’s be honest — they don’t last. A watch, though, is different. It doesn’t get finished in a week or pushed to the back of a shelf. It stays. You wear it every day, and it quietly reminds you of the person who gave it.

      This year, Sylvi is making that feeling even better. With the Diwali Sale 2025, our watches come with festive privilege prices — 14%, 16%, and even 18% off depending on the collection. Proudly designed in India, every piece combines reliability with style, so your gift isn’t just for the festival but for years to come.

      Take your pick: the strong, bold Iconic Collection for men or the soft elegance of the Velvetine Collection for women. Each one feels different, each one has its own story. And this Diwali, you can make one of them part of yours.

      Why Watches are the best Diwali gift A Symbol of Hope: A watch marks growth, progress, and new beginnings - the essence of Diwali itself A memorable gift: Long after the Diyas have gone out, a timepiece keeps ticking, reminding loved ones of your bond.

      Personal Yet Universal: Whether for students, professionals, athletes, men, women, or any profession, a watch fits every personality.

      Luxury that you can trust: Sylvi offers Premium watches with value for money price, and we are a proudly Made in India brand that offers made in India watches that match global standards.

      When you gift someone Sylvi watches, you are not just giving a product, but you are gifting time, memories, and love, which are forever.

      Sylvi Diwali 2025 Sale: Branded Watches on Offer Every Sylvi collection tells a different story, which is why they make such meaningful Diwali gifts. Some are bold, some refined, and each reflects a unique personality.

      Iconic Collection The Iconic Collection is a perfect fit with men who like to combine tradition with being practical. The watches have dark black dials, analog-digital movements, stainless steel backs, and leather-soft-straps. The round case has a vintage appeal to it but the details add a new twist to it making it a reliable solution both at a party and in everyday life.

      Urbane Collection The Urbane Collection takes a slightly different route. The squircle case is unique, the straps come in stainless steel with silver or rosegold tones, and the dial options range from blue to green to black. Urbane is the kind of watch you can wear to the office during the day and keep on for Diwali get-togethers in the evening. It’s versatile without trying too hard.

      Timegrapher Collection The Timegrapher Collection is for men who like their watches to do more. With working chronographs, black-and-rose gold cases, and sturdy build quality, these watches have presence. They’re accurate, water-resistant, and designed to feel at home both in meetings and festive celebrations.

      Rig One O One WT Max Collection The Rig One O One WT Max Collection blends old and new. You still get the elegance of a round analog dial, but it’s paired with a digital display. Add in a stainless steel back and a comfortable silicone strap, and you have a watch that’s tough, modern, and made for someone who enjoys technology as much as tradition.

      Other Sylvi Collections at a Glance Beyond these six, Sylvi also has a wide variety of collections that make wonderful Diwali gifts. Starboard is sporty and adventurous, built for people who love energy. Blade is one of the slimmest watches, perfect for minimalists. Elegadoom is bold and striking, while Majestic carries strong colors and designs for powerful personalities. Elegare offers clean and versatile styles, and Professional Edge is crafted for working professionals who want both form and function.

      For those who prefer modern simplicity, Specter brings minimal, clean lines. Serene offers soft, graceful looks for women, and Ellore transitions easily from work to evenings out. Timeora is chic yet practical, Riva provides everyday stainless steel elegance, and Dazell is trendy and youthful, making it a smart pick under ₹2000.

      Together, these collections prove that Sylvi has something for everyone — whether it’s a stylish gift for employees, a thoughtful present for a special guest, or a personal timepiece to mark the season of light.

      Festive Price & Deals Snapshot Sylvi offers a unique watch selection reflecting quality and celebration this Diwali Sale 2025.

      Men will appreciate the best-selling Iconic Collection that reinforces our theme of versatility with 14% off. The strap options include leather and fabric, while the watch display is a fun analog-digital display. The Starboard and Urbane Collections also 14% off offer sleek stainless steel straps and an elegant analog watch face, ideal for the modern working man.

      For style, the fashionable Blade Collection of watches, also 14% off, features a minimalist stainless steel look with a classic analog time display. The Timegrapher Collection allows you to recognize elegance like never before with 16% off and leather, silicone, and steel straps in an eye-catching chronograph style.

      Women will also find options that will add sophistication to every wrist. You will find exceptional watches with the Timeora Collection, 16% off, featuring elegant stainless steel straps with a minimal analog watch display. The Riva and Serene Collections offer beautiful timepieces in analog styles, 18% off, with delicate straps created in leather, mesh and stainless steel. The watch sets are a perfect, distinct gifting option for the holiday season.

      Sylvi stands behind each watch, could be Made in India, and designed for those who enjoy luxury, style and meaning.

      Why Choose Sylvi: Made in India, Value Luxury Gifting a Sylvi watch to someone is not only providing a time piece, but it is also a sign of the time when you commemorate something that is proudly Made in India. Each design bears the Indian touch but with the quality that you would have expected of the best international brands. And this is the difference, we demonstrate that luxury may be real and high-quality without a high price tag.

      In Sylvi, we have a simple belief, which is to appreciate luxury. Watches that appear to be high-end, and feel high-end and bring timeless elegance within reach. We are bringing festive light this Diwali with special privilege price of 14%, 16% and 18% on select lines.

      From bold men’s chronographs to graceful women’s designs, Sylvi offers a variety that suits every personality. Over the years, we’ve built a legacy of trust — rooted in craftsmanship, culture, and innovation. That’s why when you gift Sylvi, you’re not just gifting a watch. You’re gifting a story that will live on every wrist.

      Diwali Gifting Guide: Which Watch Fits Whom? Choosing the right watch for your loved ones doesn’t have to feel complicated. Here’s a quick guide to help you find their perfect match: Students & Youth → Urbane, Dazell, Blade Professionals → Iconic, Timegrapher, Timeora Women Elegant → Bella, Velvetine, Riva, and Serene Adventurers → Starboard, Rig One O One WT Max Collectors & Fashionistas → Elegadoom, Specter Expert advice: Present your Sylvi with a personalized card and wrap it in a festive box. It transforms a wonderful gift into one that will be remembered.

      Secure Yours Today – Limited Festive Privilege Prices It is time to celebrate more than lights and sweets this Diwali 2025, and Sylvi is inviting you to do so. Make merry with that which is enduring-- with a present that counts the seconds. Our Sylvi luxury watches are not just accessories since we present exclusive festive deals of 14%, 16% and 18%. They are a status symbol of luxury, pride and love.

      Don’t wait too long. Get yours now and have a Diwali of a lifetime. Since it is light season, the time is of the essence.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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