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    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
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    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
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    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
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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
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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
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    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.

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      Singapore International Foundation, SingHealth & Tamil Nadu DPHPM Strengthen Maternal & Child Health Through Decade-Long Collaboration

      November 17, 2025

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      Over a decade of collaboration, the Singapore International Foundation, SingHealth, and Tamil Nadu’s Department of Public Health and Preventive Medicine have trained about 1,150 healthcare professionals and improved care for thousands of mothers and newborns.

      Chennai, Tamil Nadu, India – Business Wire India The Singapore International Foundation (SIF), SingHealth, and the Department of Public Health and Preventive Medicine (DPHPM), Government of Tamil Nadu, today marked the conclusion of the second phase of the Enhancing Maternal and Child Health Services (EMCH) Project.

      Launched in 2015, the EMCH Project aims to strengthen maternal and child healthcare across Tamil Nadu. Building on the success of the first phase, the current phase (2023–2025) extended its reach to Primary Health Centres, enhancing the management of high-risk pregnancies and neonatal emergencies, and improving outcomes across the state’s maternal and child health system.

      Phase One (2015–2018) trained more than 1000 healthcare professionals and contributed to reduced maternal mortality in districts including Tiruchirapalli, Chengalpattu, and Pudukottai. Phase Two built on this progress by training another 144 professionals and developing a new cadre of Master Trainers to sustain knowledge sharing within Tamil Nadu’s healthcare ecosystem.

      Together, these efforts mark a decade-long collaboration that continues to enhance health outcomes while deepening Singapore-India ties through shared expertise and friendship. This initiative also represents the SIF’s fourth maternal and child health project across Tamil Nadu and Karnataka and underscores its 30 years of partnership with India – fostering collaborations, sharing expertise, and uplifting communities.

      Empowering Local Healthcare Professionals for Long-Term Impact Between 2023 and 2025, Singapore International Volunteers from Singapore’s KK Women’s and Children’s Hospital and SingHealth Polyclinics – comprising doctors and nurses – conducted multidisciplinary workshops that combined clinical training, technical assistance, and protocol review for counterparts across Tamil Nadu’s primary, secondary, and tertiary healthcare institutions. These 144 professionals are now better equipped to manage obstetric and neonatal emergencies and high-risk pregnancies.

      Using a Training-of-Trainers (ToT) framework, 50 participants from the trained cohort were identified as Master Trainers. They were equipped with both clinical and pedagogical skills, enabling them to facilitate peer learning within their own institutions. These Master Trainers will continue sharing their expertise across the state, ensuring that best practices are sustained and applied consistently.

      Feedback from Phase Two participants indicate marked improvement in confidence and skills across key areas of obstetric and neonatal emergency management, including patient assessment, referral processes, and multidisciplinary teamwork. Collectively, these efforts are projected to benefit an estimated 20,000 mothers and newborns through better clinical outcomes and strengthened standards of care.

      Ms Corinna Chan, CEO, Singapore International Foundation, said: “The Enhancing Maternal and Child Health Services Project reflects the power of international collaboration to create meaningful, lasting impact. By uniting healthcare experts from Singapore and Tamil Nadu, we have not only strengthened clinical capabilities but also deepened the bonds of friendship between our peoples. Over the past three decades, the SIF has partnered with Indian communities on more than 20 projects in education and healthcare. Our specialist volunteers have been central to these efforts, working alongside their Indian counterparts in a spirit of mutual learning and collaboration to uplift lives. We look forward to building on this strong foundation to continue creating positive change together.” Ms Vijaya Rao, Director, SingHealth International Collaboration Office, said: “This partnership with SIF demonstrates the value of collaborative healthcare development. Our clinical teams have worked alongside Tamil Nadu's healthcare professionals to share knowledge and implement practices that have strengthened maternal and child health services in the region. Drawing on the SingHealth institutions' healthcare expertise, we've been able to support locally relevant solutions that improve patient outcomes. This collaboration reflects our commitment to meaningful partnerships that build sustainable healthcare capacity and create lasting benefits for the communities we serve.” Dr A. Somasundaram, Director of Public Health and Preventive Medicine, Tamil Nadu, said: “We are grateful for the partnership with the Singapore International Foundation and SingHealth. The knowledge exchange and technical guidance provided through this project have greatly enhanced our healthcare professionals’ confidence and competence in managing maternal and child health challenges. The collaborative training approach has strengthened local systems, improved clinical coordination, and contributed to safer outcomes for mothers and newborns. We look forward to continuing this partnership to further advance the quality and accessibility of maternal and child health services across Tamil Nadu.” Dr Shephali Tagore, Senior Consultant, Department of Maternal Fetal Medicine, and Director of O&G International Medical Programme, said: “This project has been a deeply meaningful experience. Our Tamil Nadu counterparts demonstrated remarkable ingenuity in adapting evidence-based maternal and fetal care to local needs. Their commitment and innovation have inspired us, making this a truly collaborative exchange that strengthened our shared pursuit of safer outcomes for mothers and newborns.” Dr Ng Chung Wai Mark, Director, Global Health, SingHealth-Duke NUS Family Medicine Academic Clinical Programme, Senior Consultant, Family Physician, SHP, said: “Enhancing the referral system is a vital step in strengthening the continuum of care for high-risk antenatal women. It helps primary care physicians identify and manage risks early, before they become emergencies. This requires a systems-based approach, by reviewing roles and care processes, auditing practices, and continuously improving care. I am inspired by the professionalism and dedication of our primary care colleagues in Tamil Nadu, whose commitment will carry these efforts forward. Collaborating on this initiative has been deeply meaningful and reaffirmed the power of shared learning in improving maternal health outcomes.” Contributing to the UN Sustainable Development Goal 3 – Good Health and Well-being – by promoting safe pregnancies and reducing maternal mortality rates, the EMCH Project is one of several Singapore-India collaborations in public health, reflecting a shared commitment to advancing healthcare excellence through cross-border learning and collaboration.

      As Singapore and India commemorate 60 years of diplomatic relations, both nations continue to reaffirm that people-to-people ties remain the bedrock of our partnership. Reflecting this spirit, the EMCH Project exemplifies how collaboration between healthcare professionals can strengthen communities, foster mutual understanding, and contribute to better health outcomes across borders.

      About the Singapore International Foundation The Singapore International Foundation aims to build eco-systems to catalyse change for a better world. We bring together people from the public, private, and philanthropic sectors across countries to harness the collective strength that is needed to address shared environmental and social challenges. Our work is focused in the areas of climate, culture, digital, education, health, justice, and youth. We believe that cross-boundary collaboration is critical to foster sustainable solutions in an interconnected world. Find out more at www.sif.org.sg.

      About Singapore Health Services (SingHealth) SingHealth, Singapore’s largest public healthcare cluster, is committed to providing affordable, accessible and quality healthcare to patients. With a network of acute hospitals, national specialty centres, polyclinics and community hospitals offering over 40 clinical specialties, it delivers comprehensive, multidisciplinary and integrated care. Beyond hospital walls, SingHealth partners community care providers to enable the population to keep well, get well and live well. As part of the SingHealth Duke-NUS Academic Medical Centre, SingHealth also focuses on advancing education and research to continuously improve care outcomes for patients. SingHealth celebrates its 25th anniversary in 2025. For more information, please visit: www.singhealth.com.sg.

      Members of the SingHealth group Hospitals (Tertiary Specialty Care): Singapore General Hospital, Changi General Hospital, Sengkang General Hospital, KK Women's and Children's Hospital, and Eastern General Hospital (expected completion around 2029 to 2030) National Specialty Centres (Tertiary Specialty Care): National Cancer Centre Singapore, National Dental Centre Singapore, National Heart Centre Singapore, National Neuroscience Institute, and Singapore National Eye Centre SingHealth Polyclinics (Primary Care): Bedok, Bukit Merah, Eunos, Marine Parade, Outram, Pasir Ris, Punggol, Sengkang, Tampines, Tampines North and Kaki Bukit (upcoming) SingHealth Community Hospitals (Intermediate and Continuing Care): Sengkang Community Hospital, Outram Community Hospital, and Eastern Community Hospital (expected completion around 2029 to 2030) To View the Image, Click on the Link Below: The Singapore International Foundation and Tamil Nadu’s DPH conclude Phase Two of the EMCH Project in Chennai (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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