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    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
    ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executives
    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
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    Rupee settles with 5 paise gain at 95.17 against US dollar
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    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
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    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
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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
    Show AI Summary
    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
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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.
    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
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    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.

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      Best Crypto to Invest In: DeepSnitch AI Rallies 50% as Investors Raise $520K

      November 13, 2025

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      JPMorgan and DBS just unveiled a joint push to launch tokenized deposit infrastructure. Announced on November 11, the initiative allows on-chain transfers across tokenized deposit systems. As giants like JPMorgan adopt crypto-native frameworks, smaller projects like DeepSnitch AI are reaping the benefits of renewed institutional momentum.

      With over $520K raised and early investors sitting on 50% gains, DeepSnitch AI is now one of 2025’s biggest presales. Its five AI agents are built to transform crypto trading for 100M+ users. Here’s why it could be the best crypto to invest in this year.

      JPMorgan and DBS push deposit tokens as stablecoin alternative JPMorgan and DBS are developing a blockchain-based deposit token framework aimed at revolutionising cross-bank payments. Announced on November 11, the collaboration focuses on creating a shared infrastructure that enables real-time transfers between both institutions’ tokenised deposit systems.

      The initiative reflects a growing shift among global banks. According to a 2024 Bank for International Settlements (BIS) survey, at least one-third of commercial banks have launched or piloted tokenised deposit programs. JPMorgan and DBS are now leading the charge, with plans to offer round-the-clock, cross-border transactions across both public and permissioned blockchains.

      Interoperability is key here. Rachel Chew, DBS’s Chief Operating Officer and Head of Digital Currencies, said the new system will help businesses achieve faster settlement times when navigating global markets.

      This push also ties into JPMorgan’s broader tokenisation efforts. The bank recently completed its first transaction using Kinexys Fund Flow, its upcoming tokenisation platform slated for a 2026 launch. Assets like private credit and real estate are next on the roadmap.

      Top 3 cryptocurrencies to buy in 2025: DeepSnitch AI, Ethereum, and XRP Analysts believe DeepSnitch AI could be the best crypto to invest in now DeepSnitch AI is quickly becoming one of the biggest AI presales on the market, taking advantage of the $1.5 trillion AI boom Gartner expects by the end of 2025.

      In just a short time, the protocol has raised over $520,000 as investors rush to grab a slice of what might become the most powerful AI ecosystem for crypto traders. With over 100 million traders worldwide, DeepSnitch is aiming to change the way people analyse, position, and protect their portfolios.

      To make that vision real, the team is building five AI agents that scour the internet nonstop to surface the most actionable insights. Two of them, SnitchFeed and SnitchScan, are already running in the backend.

      SnitchScan acts like a digital bodyguard for your wallet. The AI agent is constantly checking contracts, developer activity, and hidden risks before you even think about clicking “buy.” But even the best tech doesn’t blow up without proper marketing. DeepSnitch AI gets that. That’s why 30% of all presale funds are going straight into marketing, making sure the Snitches are everywhere. Add to that a slick, memorable brand that people actually want to talk about, and you’ve got a project built for breakout traction.

      To add some confidence for early investors, DeepSnitch AI has already passed audits from Coinsult and SolidProof. The protocol has also published a detailed whitepaper and roadmap, and has kept the dev community in the loop with consistent updates.

      And the numbers speak for themselves. With over $520K raised and a token price now at $0.02244, up 50% from its starting point, DeepSnitch AI could be the best crypto to invest in now.

      https://youtu.be/r-O5_KQHAUE?si=SPVDdlrh3lHXcrgg Ethereum market update: Can ETH jump back above $4,000? Ethereum bounced from $3,050 to $3,650 since November 5, flipping $3,545 into strong support. That’s the average cost for most holders, meaning the majority are back in profit. When that happens, selling often cools down and momentum starts to build.

      This isn’t the first time ETH flipped its realized price. The last time it did, back in early 2024, it surged 89%. Now traders are watching the $4,000-$4,100 zone, hoping for a repeat.

      But ETH has work to do. There’s a thick resistance band between $3,700 and $3,900, with over 4.2M ETH bought there. Many may sell to break even, slowing the move. Still, as long as ETH holds above $3,500, the structure looks bullish. A daily close above $3,800 could open the door for another leg up.

      XRP looks strong as analysts expect a 10x surge XRP jumped 12% to $2.56 on November 10, its highest price in months. The move comes as Bitcoin breaks past $100K and risk appetite returns across the market, with millions of traders looking for the best crypto to invest in.

      With momentum building, traders are watching the $2.60 level closely. A breakout could clear the path to $3, with some bulls calling for $6 or even $20 by 2026.

      Those targets may sound far-fetched, but XRP has surprised before. Analysts now point to strong re-accumulation zones and clean macro trendlines. Elliott Wave models hint that XRP may be entering Phase 4 of a bigger bull cycle.

      Closing thoughts The AI narrative is taking over crypto, and DeepSnitch AI could now be the best crypto to invest in. With over $520K raised in record time, the project is breaking new ground with its five AI “snitches,” designed to make trading smarter and safer for over 100 million users.

      That’s exactly why whales are loading up on the presale. Many see it as one of the clearest 100x setups heading into 2026, an early-stage opportunity that could turn a $1,000 buy into $100,000.

      Visit the official DeepSnitch AI website, join the Telegram, and follow on X (Twitter) for the latest updates.

      FAQs What makes DeepSnitch AI one of the best long-term crypto investments? DeepSnitch AI combines AI-driven trading tools with meme-level virality. With audits complete, strong marketing, and 100M+ potential users, it’s emerging as one of the most promising long-term crypto projects heading into 2026.

      Why is DeepSnitch AI considered an undervalued crypto for 2026? Despite raising over $520K and rallying 50%, DeepSnitch AI remains in its presale phase at just $0.02244. With AI spending expected to hit $1.5 trillion and major agents already live, DSNT looks like the best crypto to invest in 2025.

      How does DeepSnitch AI compare to Ethereum and XRP? Ethereum and XRP are proven giants, but DeepSnitch AI offers early-stage growth potential they no longer have. It’s solving real trading problems through automation and AI, making it one of the few altcoins positioned for 100x-type gains while still under the radar.

      Is DeepSnitch AI suitable for long-term portfolio growth? Yes. DeepSnitch AI’s focus on AI utility and steady development makes it one of the best altcoins for portfolio growth.

      Disclaimer: Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The website or its publishers will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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

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