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    Loan Utsav 2026: Bajaj Finance Personal Loan Now Comes with an Exclusive Reward Bundle for Eligible Customers
    Freedom to Spend Smarter: AU Small Finance Bank Credit Cards Bring Rewards, EMI Flexibility and Lounge Access to India''s Biggest Shopping Month
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August 10, 2026
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Collateral-free personal loans offer extended repayment flexibility, conditional reward benefits, and online application subject to eligibility and disbursal requirements.
Loan Utsav 2026 provides eligible Bajaj Finance Personal Loan applicants an exclusive reward bundle where the loan is successfully disbursed during the campaign period. The collateral-free facility supports personal expenses, offers repayment tenures from 12 to 108 months, and may enable lower monthly EMI obligations through a longer selected tenure. Interest rates depend on eligibility, credit assessment, financial profile and lending criteria. Online applications require personal and financial details and required documents, with disbursal for eligible applicants possible after verification and approval.
August 10, 2026
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Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
August 10, 2026
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Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
August 10, 2026
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GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
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
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
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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.

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Customs & Trade

American e-waste is causing 'hidden tsunami' in Southeast Asia, report says

October 23, 2025

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Hanoi, Oct 23 (AP) Millions of tons of discarded electronics from the United States are being shipped overseas, much of it to developing countries in Southeast Asia unprepared to safely handle hazardous waste, according to a new report released Wednesday by an environmental watchdog.

The Seattle-based Basel Action Network, or BAN, said a two-year investigation found at least 10 US companies exporting used electronics to Asia and the Middle East, in what it says is a “hidden tsunami” of electronic waste.

“This new, almost invisible tsunami of e-waste is taking place ... padding already lucrative profit margins of the electronics recycling sector while allowing a major portion of the American public's and corporate IT equipment to be surreptitiously exported to and processed under harmful conditions in Southeast Asia,” the report said.

Growing e-waste --------------------- Electronic waste, or e-waste, includes discarded devices like phones and computers containing both valuable materials and toxic metals like lead, cadmium and mercury. As gadgets are replaced faster, global e-waste is growing five times quicker than it's formally recycled.

The world produced a record 62 million metric tons in 2022. That's expected to climb to 82 million by 2030, according to the United Nations' International Telecommunication Union and its research arm, UNITAR.

Toxic chemicals -------------------- That American e-waste adds to the burden for Asia, which already produces nearly half the world's total. Much of it is dumped in landfills, leaching toxic chemicals into the environment. Some end up in informal scrapyards, where workers burn or dismantle devices by hand, often without protection, releasing toxic fumes and scrap.

About 2,000 containers — roughly 33,000 metric tons (36,376 US tons) — of used electronics leave US ports every month, according to the report. It said the companies behind the shipments, described as “e-waste brokers,” typically don't recycle the waste themselves but send it to companies in developing countries.

Response to the report --------------------------- The companies identified in the report include Attan Recycling, Corporate eWaste Solutions (CEWS, Creative Metals Group, EDM, First America Metal Corp., GEM Iron and Metal Inc., Greenland Resource, IQA Metals, PPM Recycling and Semsotai.

Six of the companies didn't immediately respond to emailed requests for comment.

Semsotai told The Associated Press that it doesn't export scrap, only working components for reuse. It accused BAN of bias.

PPM Recycling told The Associated Press that its warehouses in California and Texas ship only aluminium and other non-iron metals to Malaysia. It said BAN had exaggerated shipment volumes, adding that it used accurate trade codes and followed US and international rules.

Greenland Resource told The Associated Press it took the allegations seriously and was reviewing the matter internally and couldn't comment further without seeing the report.

CEWS said it follows strict environmental standards, but some aspects of where and how recycled materials are handled are industrial secrets.

Value of more than USD 1 billion ----------------------------------- The report estimated that between January 2023 and February 2025, the 10 companies exported more than 10,000 containers of potential e-waste valued at over USD 1 billion, the report said. Industrywide, such trade could top USD 200 million a month.

Eight of the 10 identified companies hold R2V3 certifications — an industry standard meant to ensure electronics are recycled safely and responsibly, raising questions about the value of such a certification, the report said.

Several companies operate out of California, despite the state's strict e-waste laws requiring full reporting and proper downstream handling of electronic and universal waste.

International treaty ----------------------- Many e-waste containers go to countries that have banned such imports under the Basel Convention, which is an international treaty that bars hazardous waste trade from non-signatories like the US, the only industrialised nation yet to ratify it.

The nonprofit said its review of government and private trade records from ships and customs officials showed shipments were often declared under trade codes that did not match those for electronic waste, such as “commodity materials” like raw metals or other recyclable goods, to evade detection. Such classifications were “highly unlikely” given how the companies publicly describe their operations, the report said.

Landfills and pollution --------------------------- Tony R. Walker, who studies global waste trade at Dalhousie University's School for Resource and Environmental Studies in Halifax, Canada, said he wasn't surprised that e-waste continues to evade regulation. While some devices can be legally traded if functional, most such exports to developing nations are broken or obsolete and mislabeled, bound for landfills that pollute the environment and have little market value, he said.

He pointed to Malaysia — a Basel Convention signatory identified in the report as the primary destination for US e-waste — saying the country would be overwhelmed by that volume, in addition to waste from other wealthy nations.

“It simply means the country is being overwhelmed with what is essentially pollution transfer from other nations,” he said.

Mecca of junk' ------------------ The report estimates that US e-waste shipments may have made up about 6 per cent of all US exports to the country from 2023 to 2025. After China banned imports of foreign waste in 2017, many Chinese businesses shifted their operations to Southeast Asia, using family and business ties to secure permits.

“Malaysia suddenly became this mecca of junk,” said Jim Puckett of the Basel Action Network.

Containers were also sent to Indonesia, Thailand, the Philippines and the UAE, despite bans under the Basel Convention and national laws, the report added.

In countries receiving this US e-waste, "undocumented workers desperate for jobs" toil in makeshift facilities, inhaling toxic fumes as they strip wires, melt plastics and dismantle devices without protection, the report said.

Efforts to control illegal imports ------------------------------------- Authorities in Thailand and Malaysia have stepped up efforts to curb illegal imports of US e-waste.

In May, Thai authorities seized 238 tons of US e-waste at Bangkok's port seized 238 tons of US scrap at Bangkok's, while Malaysian authorities confiscated e-waste worth USD 118 million in nationwide raids in June.

Most of the facilities in Malaysia were illegal and lacked environmental safeguards, said SiPeng Wong, of Malaysia's Centre to Combat Corruption & Cronyism.

Exporting e-waste from rich nations to developing nations strains local facilities, overwhelms efforts to manage domestic waste and is a form of “waste colonialism,” she said. (AP) SKS SKS

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