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    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
    DRI intensifies vigil along India's North-Eastern Frontier
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    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
    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
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
    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
    Show AI Summary
    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
    Show AI Summary
    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".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.

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      Gen Z Heroes: India’s Most Inspiring Young Activist, Writer and Innovator of 2025

      November 14, 2025

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      This Children’s Day, meet India’s most inspiring Gen Z changemakers - Manya Harsha, the eco-warrior; Manikya Sanghi, the mindful author; and Archit Patil, the teen innovator saving mothers’ lives.They truly represent the unstoppable spirit of India’s youth who are using their passion and purpose to build a better tomorrow. Their stories remind us that the future belongs to those who dare to dream big, act fearlessly, and inspire others along the way. MANYA HARSHA - The Gen Z Climate Warrior Turning Waste into Wonders At just 15, Manya Harsha from Bengaluru stands tall as one of India’s most inspiring Gen Z EcoHeroes, proving that age is no barrier to changing the world. Her innovative projects have redefined sustainability and inspired thousands of young minds to act for the planet.

      Manya is the visionary behind Grandma’s Green Weave, an initiative that transforms discarded sarees and bedspreads into beautiful, reusable eco-bags. By upcycling over 2,200 sarees and 230 bedspreads into 28,000 sustainable bags, she not only prevented more than 1.2 tons of textile waste but also empowered local tailors honoring her late grandmother’s eco-conscious spirit. Through her workshops, she has influenced over 25,000 participants, spreading climate awareness and sustainable living practices.

      During the lockdown, Manya turned adversity into innovation with her breakthrough DIY Vegetable Peel Paper. Using onion skins, corn husks, and pea pods, she created vibrant handmade paper that replaces tree-based paper, saving countless trees. Her creativity extended further when she began turning festival waste into paper and packaging wrappers into school stationery like eco-friendly brown-paper pens and seed pencils.

      Through her Back-to-School Workshops, Manya teaches children to make seed pencils and plantable stationery, ensuring sustainability begins at the school desk. As an author of nine nature-themed books and editor of the Sunshine Fortnightly environmental magazine, she continues to promote climate literacy and youth climate action.

      Guided by Swami Vivekananda’s words - “Youth are the pulse of the planet”, Manya Harsha embodies the voice of a generation determined to heal the Earth. Her message is clear and urgent: “The Earth is not for sale. We are the generation that will restore it.” MANIKYA SANGHI - 17 Year Old Bestselling Author, Polymath, and Meditation Practitioner At just 17, Manikya Sanghi is more than a best-selling teenage author—he is an internationally award winning polymath, philatelist, philanthropist and a visionary creator building a literary universe that blends epic fiction, life-skills education, and wisdom gained through meditation. Through his acclaimed Chronicles of Tierra series, award-winning novels, and over 21 books including innovative comics like City Without Water, Manikya’s storytelling goes beyond entertainment to empower and inspire readers of all ages.

      A dedicated meditation practitioner since early childhood, Manikya published his first book at just five and began conceiving Chronicles of Tierra during an advanced meditation session soon after his ninth birthday in 2017. What began as vivid stories in his mind evolved into Wizard (of Sansanadia)—the first novel of the saga—followed by Resurrection, Awakening, and more. His books are available globally across platforms including Pothi, Scholastic, Amazon, Flipkart, and Google Books.

      Manikya credits his creativity, focus, and academic excellence to the daily practice of Sidhshakti Meditations under the guidance of his honourable mentor, and world renowned Spiritual Scientist Sri Maa Sidh Sidhshakti Ji. Allowed on the basis of his solid inner progress at age nine, to advanced practices like Bright Future Meditation and Astral Travel Meditation, he believes these techniques have been the foundation of his clarity in life.

      Meditation, he says, is the silent force behind his transformation from a gifted child author into a polymath and conscious creator. It fuels his purpose—to use storytelling as a medium for upliftment, compassion, and self-realization.

      Through story telling and his other endeavours, Manikya proves that with the right guidance, positive lifestyle, and inner discipline, children can truly unfold their highest potential—and inspire the world through their actions rooted in awareness. You can follow him on Instagram @manikya.official ARCHIT PATIL - The Teen Innovator Revolutionizing Maternal Healthcare with His Life-Saving PPH Cup Archit Patil is a Gen Z hero whose empathy and ingenuity have translated into a life saving medical device for new mothers. Growing up with doctor parents who worked as a gynaecologist and an anaesthesiologist, Archit often accompanied them to the hospital and witnessed both surgical triumphs and the devastation of maternal deaths. That early exposure sparked his curiosity about postpartum haemorrhage and the glaring lack of a reliable method to measure blood loss during childbirth. Motivated to solve this critical gap, he conceived and developed the PPH cup, a device designed to provide precise, real time measurement of post delivery blood loss and to enable timely clinical intervention.

      The idea originated in grade six while working on a science project when he studied menstrual cups and repurposed a spare cup into a prototype using a metal mold. He refined the design with feedback from obstetricians in his parents’ network and subjected the device to safety and toxicity testing at the Indian Drugs Research Laboratory in Pune in March 2020. Made from medical grade silicone, the cup features two ports, one for attaching a blood collection bag and another for suction to remove clots, allowing clinicians to prevent atonic postpartum haemorrhage by maintaining an unobstructed drainage system. The device is reusable after autoclaving and has been adopted by more than fifty hospitals across India, where it is credited with saving mothers’ lives.

      Archit’s work earned him the Pradhan Mantri Rashtriya Bal Puraskar in 2021. He epitomises Gen Z leadership by combining compassion with technical creativity, by tackling a real world healthcare challenge, and by creating an affordable, scalable solution that protects lives.

      As we celebrate these Gen Z Heroes of India, it’s clear that the future is already taking shape in the minds and actions of our youngest changemakers. From eco-warrior Manya Harsha leading a sustainability revolution, to bestselling teenage author Manikya Sanghi inspiring readers through mindful storytelling, and teen innovator Archit Patil transforming healthcare with his life-saving PPH Cup, these young visionaries are redefining what it means to create, lead, and care in the 21st century. Their journeys remind us that India’s youth are not just the leaders of tomorrow. They are the innovators, activists, and creators shaping today. As the world watches this new wave of Gen Z innovation and compassion, one thing is certain: these young icons are building a brighter, greener, and more conscious future for all.

      (Note: This Children’s Day, 2025 The Update India and its partner platforms proudly recognise these extraordinary Gen Z achievers who have been selected after a careful evaluation of their authentic impact, social contribution, innovation, consistency of work, and the positive influence they create among young Indians. Manya Harsha, Manikya Sanghi, and Archit Patil were chosen because their contributions are not symbolic but deeply transformational. Each of them has demonstrated measurable change in their respective fields through dedication, originality, and a genuine desire to serve society. Whether it is sustainability, literature, personal development, or life-saving healthcare innovation, these young leaders embody the values that define India’s future. Their journeys prove that when passion meets purpose, age becomes irrelevant and the youth of India can lead the world with empathy, brilliance, and unstoppable determination.) (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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