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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
    NEWS HIGHLIGHTS
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
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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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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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      HIGHLIGHTS

      October 22, 2025

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      New Delhi, Oct 22 (PTI) Following are the top stories at 9.15 pm: NATION DEL36 PM-LDALL-TRUMP (7.27 PM)

      US President Trump dials Modi to extend Diwali greetings; bilateral trade issues figure in talks New Delhi/Washington: Prime Minister Narendra Modi and US President Donald Trump discussed trade issues during a phone conversation amid efforts by the two sides to repair bilateral ties that remain under strain after Washington slapped a whopping 50 per cent tariff on Indian goods.

      BOM16 MH-LADKI BAHIN-NCP SP (8.22 PM)

      Oppn alleges 'scam' in Ladki Bahin Yojana; NCP (SP) says 'brothers became sisters' for votes Mumbai: The Ladki Bahin Yojana for women from low income families was a well orchestrated plan to "trick" the people of Maharashtra to vote for the BJP-led Mahayuti alliance, the NCP (SP) claimed on Wednesday and sought an SIT probe into alleged irregularities in the scheme.

      DEL27 CHOKSI-LD COURT-ORDER (5.35 PM)

      No risk of unfair trial or ill-treatment to Mehul Choksi in India: Belgian court New Delhi: A Belgian court has ruled that fugitive diamantaire Mehul Choksi, main accused in a Rs 13,000 crore PNB scam, faces "no risk" of being denied a fair trial or subjected to ill-treatment if he is extradited to India.

      MDS26 KA-CM-YATHINDRA (6.04 PM)

      Yathindra's comments about his father Siddaramaiah nearing end of political life sparks speculation Belagavi (Karnataka): Karnataka Chief Minister Siddaramaiah's son Yathindra Siddaramaiah's statement on Wednesday that his father was at the fag end of his political life and Minister Satish Jarkiholi is a leader with similar progressive ideological thinking, has led to speculation, amid talks about leadership change.

      CAL36 OD-IRREGULARITIES-CBI (8.20 PM)

      Odisha govt recommends CBI probe into sub-inspector recruitment irregularities Bhubaneswar: The BJP government in Odisha on Wednesday recommended a CBI investigation into alleged irregularities in the recruitment of sub-inspectors in various departments, including police, and fire and emergency services, a statement said.

      DEL44 MHA-LADAKH (8.17 PM)

      Meeting between MHA representatives, Ladakh leaders begins weeks after deadly protests New Delhi: In the first sign of a thaw, leaders of Ladakh, where four people died in police firing during the recent pro-statehood protests, met with Home Ministry representatives here on Wednesday for sub-committee level talks.

      DEL40 DELHI-LD POLLUTION (7.55 PM)

      Delhi's air quality 'very poor' post-Diwali; sparks blame game between AAP, BJP New Delhi: Two days after Diwali, the national capital remained blanketed by haze on Wednesday with air quality in the "very poor" category, which has sparked a war of words between AAP and the ruling BJP over who to blame for the situation.

      DEL41 PB-LD STUBBLE BURNING (7.59 PM)

      Punjab saw 415 farm fires from Sep 15 to Oct 21, down from 1,510 last year: Data Patiala: Punjab recorded 415 incidents of farm fire between September 15 and October 21, down from 1,510 cases reported during the same period last year, according to data compiled by the Punjab Pollution Control Board (PPCB).

      DEL45 PM-SIKH RELICS (8.24 PM)

      Holy relics 'Jore Sahib' set to be taken to Patna; PM Modi urges people to have 'darshan' New Delhi: The holy "Jore Sahib", the footwear of Guru Gobind Singh and his wife Mata Sahib Kaur, will be taken in a ceremonial procession on Thursday from here to the Takht Patna Sahib in Patna, where the relics will be placed permanently.

      DEL42 CISF-BHAKRA-SECURITY (8.01 PM)

      CISF takes charge of Bhakra Dam project New Delhi: The Central Industrial Security Force (CISF) on Wednesday took charge of the Bhakra Dam project's security at Nangal in Punjab, a senior official said.

      DEL39 RAIL-SPECIAL TRAINS (7.53 PM)

      Festive rush: Around 200 special trains to make over 12,000 trips between Oct 1 and Nov 30 New Delhi: The Railway Ministry has released a list of 12,011 train trips scheduled between October 1 and November 30, 2025, suggesting that an average 196 special trains are operating daily from various destinations in the country to cater to the heavy festive rush.

      MDS25 KL-PREZ-4THLD-SABARIMALA (5.41 PM)

      President Murmu offers prayers at Sabarimala Lord Ayyappa temple Pathanamthitta (Kerala): President Droupadi Murmu on Wednesday offered prayers at the Lord Ayyappa temple in Sabarimala, becoming the first woman head of state to do so.

      DEL46 OPERATION SINDOOR-CITATIONS (8.25 PM)

      Military decoration citations tell tales of courage, tactical acumen displayed during Op Sindoor New Delhi: IAF fighter pilot Group Captain Ranjit Singh Sidhu, who received a prestigious military decoration for his heroics during Operation Sindoor in May, flew "multiple deep-penetration strike missions" to destroy the designated targets with surgical precision while facing "complex threat scenarios" and layered air defences.

      LEGAL LGM1 TL-COURT-CHIRANJEEVI (6.40 PM)

      Hyderabad court restrains entities from using actor Chiranjeevi's name, photo Hyderabad: A city court in an interim order has restrained various entities from using actor Chiranjeevi's name, image, voice for commercial purposes without permission.

      LGD7 DL-COURT-ACCIDENT-COMPENSATION (6.14 PM)

      Delhi tribunal awards Rs 38.64 lakh compensation to parents of sportsman killed in road accident New Delhi: A motor accident claims tribunal here has awarded a compensation of more than Rs 38.64 lakh to the parents of a national-level handball player who died in a road accident in 2018.

      BUSINESS DEL37 BIZ-IT RULES AMENDMENT-TAKEDOWN NOTICES (7.35 PM)

      Revised IT rules to ensure senior-level authorisation for content takedown notices New Delhi: The IT ministry has stipulated that intimation to social media platforms for removal of 'unlawful information' can only be issued by senior officials and would require precise details and reasons to be specified, as it notified IT Rules amendment to streamline content takedown procedures and bring transparency, clarity and precision in actions.

      DEL29 BIZ-RBI-GOLD

      RBI's gold reserves cross 880 metric tonnes by September (5.37 PM) New Delhi: The Reserve Bank's gold reserves crossed 880 metric tonnes in the first half of 2025-26 with the central bank adding 0.2 metric tonnes in the last week of September.

      DEL28 BIZ-POWER DEMAND-DIWALI (5.37 PM)

      Power consumption on Diwali defies trend this time; peak demand dips on year New Delhi: Peak power demand met in the country or the highest supply of electricity on the day of Diwali dropped slightly this time compared to last year, breaching the usual trend during the festival.

      FOREIGN FGN50: RUSSIA-NUCLEAR-LD DRILLS (8.01 PM)

      Putin commands nuclear drills as summit with Trump hangs in balance Moscow: Russian President Vladimir on Wednesday supervised the drills of the country’s strategic nuclear forces as uncertainty hangs over his proposed summit meeting with US President Donald Trump to resolve the Ukraine conflict. By Vinay Shukla

      FGN43: BANGLA-ARMY-OFFICERS-LD JAIL (5.17 PM)

      Bangladesh's special tribunal sends 15 serving army officers to jail in enforced disappearances, killings cases Dhaka: Bangladesh's International Crimes Tribunal on Wednesday sent 15 serving military officers to jail to face trial on charges of enforced disappearances, murders and custodial tortures during the then prime minister Sheikh Hasina's regime.

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