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    PSB Confluence 2026 concludes with actionable strategies across seven themes for Public Sector Banks and Public Financial Institutions
    Previous LDF govt didn't fulfil many obligations related to Vizhinjam port: CM Satheesan
    Sitharaman calls on public sector banks to translate strength into competitiveness and leadership
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    India-UK trade agreement to benefit Haryana's industries and services sector: CM Saini
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    Delhi tightens rules for ration shops, makes big stock discrepancies an FIR offence
    Regional Rural Banks (RRBs) Record Strong Growth in Credit Delivery during FY 2025–26
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    SC asks CBI to examine all six allegations of dubious transactions involving Indiabulls
    Cyber fraudsters invent 'boss' scam to target companies; Ahmedabad cops bust international network
    Personal Loan Prepayment Charges: What RBI Rules Say in 2026
    Zeeba Revamps Packaging and Announces Chef Vikas Khanna as Its Global Brand Ambassador
    Paul Merchants Finance Launches Loan Against Silver, Becomes India’s First NBFC to Set Up Exclusive Silver Loan Branches
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August 19, 2026
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Youth banking engagement promotes sustained customer relationships through digital access, campus outreach and financial support across evolving life stages.
Public Sector Banks and Public Financial Institutions are urged to implement actionable strategies with clear ownership and realistic timelines. Youth banking engagement is to be strengthened through a focused campaign, a common digital access platform and physical outreach, supporting young customers' evolving financial needs. Priority sector lending requires granular monitoring, early identification of target gaps and productive credit flow to intended beneficiaries. Agriculture and horticulture value-chain financing may cover farmer producer organisations, storage, processing, logistics and market linkages, while credit card strategies include digital onboarding, cross-selling and RuPay-UPI integration.
August 18, 2026
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Port connectivity obligations shape Vizhinjam export-import operations, logistics integration, infrastructure acceleration, and scrutiny of prior stakeholder notification.
Vizhinjam port concession obligations include road and rail connectivity to maximise the benefits of export-import operations. The State government proposes land acquisition funding for a ring-road project, is engaging with central ministries on rail connectivity, and is seeking to expedite national-highway construction. Mission Samudra is intended to connect Cochin port and 18 mini ports with Vizhinjam to support lower-cost, faster exports. Concerns were also raised over the State government not receiving prior intimation of a proposed stake transfer in the port project company.
August 18, 2026
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Public sector banking competitiveness requires distinct institutional strengths, early capability building and strategic support for economic growth priorities.
Public sector banks are urged to use their customer base, branch networks, geographic reach, institutional experience and digital capabilities to build stronger competitive positions and leadership. Each bank may develop distinct areas of excellence based on geography, customer relationships, sectoral expertise, technology capabilities or international presence. Strategic priorities include deposit mobilisation, banking for youth, support for investment and global capability centres, agriculture and horticulture infrastructure, credit-card business reorientation and priority sector lending.
August 18, 2026
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Youth-focused banking requires public sector banks to deliver personalised digital services, financial awareness, and responsible credit engagement.
Public sector banks are urged to implement sustained youth-focused banking through campus outreach, simple personalised round-the-clock services, dedicated youth support and financial awareness. Engagement should develop long-term relationships beyond account opening while preserving prudential standards. Youth should receive guidance on the formal credit ecosystem, including credit scores, credit history, bank credit products and government credit schemes, to support responsible credit discipline and future financial needs. A dedicated portal may provide a single access point for banking awareness and suitable financial opportunities.
August 18, 2026
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Taxpayer service improvement and litigation reduction guide administrative planning for stronger infrastructure, systems, coordination and future tax department functioning.
Improvement of taxpayer services, reduction of tax litigation, infrastructure strengthening and preparation of an actionable roadmap for future Income Tax Department functioning were considered as operational priorities. Deliberations covered e-HRMS, service matters, reservation policy, systems administration, capacity building, expenditure budgeting, TDS administration, inter-agency coordination, and office infrastructure. Officials identified institutional challenges and priorities for strengthening taxpayer-facing and internal departmental functions.
August 18, 2026
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Duty-free UK market access strengthens export opportunities for Indian goods and services, supporting MSMEs, agriculture, manufacturing and global value-chain participation.
India-UK Comprehensive Economic and Trade Agreement provides duty-free access to the UK market for nearly all Indian exports and may improve the competitiveness of Haryana's manufacturing, agricultural, MSME and services sectors. Preferential access covers products including textiles, engineering goods, auto parts, processed foods and pharmaceuticals, while agricultural exports remain subject to exceptions for sensitive products. The agreement also provides market access across 137 UK services sub-sectors, supporting IT, digital, professional, financial and technical services and facilitating global value-chain participation.
August 18, 2026
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Youth banking outreach promotes campus engagement, financial awareness, responsible credit discipline and long-term access to formal banking services.
Public sector banks are urged to conduct a month-long "Banking for Youth" outreach campaign from 2 October 2026 for persons above 16 years of age. Outreach through educational and skill-development campuses should combine account opening, financial awareness and direct engagement. Banks should develop tailored youth strategies to build long-term banking relationships. Proposed measures include online learning content, lifestyle-linked benefits, dedicated youth banking support, and awareness of credit scores, credit products and government credit schemes. A dedicated youth banking-awareness portal may serve as a single access point for appropriate banking services and financial opportunities.
August 18, 2026
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Competition approval for Prudential's acquisition of equity shareholding in an Indian life insurer supports the proposed insurance-sector combination.
Competition approval has been granted for Prudential Corporation Holdings Limited to acquire certain equity shareholding in Bharti Life Insurance Company Limited. The acquirer is the holding company for its group's insurance and asset-management operations in Asia and supports operations in Asia and Africa. The target is an IRDAI-licensed Indian life insurer.
August 18, 2026
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Foreign remittance certification due diligence faces nationwide verification targeting shell entities, their controllers, and certifying professionals.
Nationwide verification of suspicious outward foreign remittances targets entities with little or no reported business activity, their controllers, and professionals issuing tax determination certificates. Scrutiny concerns remittances disproportionate to reported turnover, inconsistent with stated purposes, or linked to entities not operating from declared addresses. Form 15CB, or Form 146 under the corresponding framework, requires certifying accountants to assess taxability from books of account and relevant records, supporting tax deduction at source and treaty compliance through due care, diligence and professional judgment.
August 18, 2026
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Fair Price Shop regulation introduces graded stock-shortage penalties, mandatory FIRs for major discrepancies, and restructured licensing requirements.
Fair Price Shop regulation introduces quantity-based penalties for stock discrepancies, ranging from performance-guarantee forfeiture and replenishment obligations to interim suspension, cancellation-related action and mandatory FIR registration for major shortages. Repeated or deliberate diversion or manipulation of public distribution supplies may lead to cancellation, blacklisting and FIR registration. Licensing now includes continuing regular licences and short-term temporary licences, with wider eligibility, points-based selection, card-linked performance guarantees and compulsory approved e-PoS, weighing-scale and iris-scanner use.
August 18, 2026
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Priority sector lending strengthened rural credit access through agricultural, micro-enterprise and weaker-section finance, reinforcing financial inclusion and sustainable development.
Regional Rural Banks expanded rural credit delivery while maintaining strong Priority Sector Lending performance during FY 2025-26. Almost all Regional Rural Banks met the prescribed overall priority-sector target. Agriculture and allied activities remained the largest priority-sector component, with farm credit accounting for nearly all agricultural lending. MSME finance predominantly supported micro enterprises, rural entrepreneurs, artisans and small businesses. Lending to weaker sections and finance for housing, education, renewable energy and social infrastructure promoted inclusive access to institutional credit and sustainable rural development.
August 18, 2026
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Adjustable pallet racking systems support customised, scalable warehouse storage through configurable layouts, safety assessment, installation and lifecycle support.
Adjustable pallet racking systems are configurable warehouse-storage solutions for varied inventory dimensions, weights and product types. They support bulk pallet storage, multi-level picking and high-density configurations through adjustable beams and shelves, load-bearing capacity, structural durability and space-efficient layouts. Storage configurations are customised after assessing inventory dimensions, payload requirements, available space and material-movement frequency, with support for design, installation, inspections and after-sales service.
August 18, 2026
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Domestic consumption expansion targets lower-tier markets through improved retail channels, distribution networks, employment support and household income opportunities.
China has introduced measures to strengthen domestic consumption in counties, smaller cities, townships and rural areas. The measures include upgrading township commercial centres, rural markets and local fairs; encouraging domestic and international brands to establish regional debut stores; and reusing existing land resources to improve services. They also seek better services for elderly persons and children, stronger urban-rural distribution networks, county-level employment and resident income channels. The strategy supports a shift towards household consumption amid weak domestic demand, property-sector pressures and subdued consumer sentiment.
August 18, 2026
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Currency management preserves monetary sovereignty through clean notes, secure logistics, decentralised distribution, durable banknotes, and sustainable cash-cycle operations.
Currency management supports trust in cash and monetary sovereignty through demand planning, secure production, distribution, replacement, and disposal. The Clean Note Policy requires good-quality banknotes to be available in required denominations and locations, with unfit notes continuously withdrawn and replaced. A decentralised Currency Chest network distributes fresh currency, processes returned notes, supports linked bank branches, and operates under licensing, real-time reporting, inspection, and audit requirements. Current priorities include managing uncertain cash demand, improving note durability, and reducing the carbon footprint of the cash cycle.
August 18, 2026
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Independent investigation of alleged dubious transactions requires examination of all six allegations despite prior police conclusions.
Investigation into alleged dubious transactions involving Indiabulls Housing Finance Limited and related entities must cover all six allegations identified by the Enforcement Directorate. The CBI must independently examine five allegations previously reviewed by the Delhi Police Economic Offence Wing, irrespective of its conclusion, and submit a comprehensive report. Further investigation into the sixth allegation depends on the special PMLA court deciding the CBI's pending application, after which the CBI must provide a progress or status report.
August 18, 2026
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Boss scam prevention requires independent verification of payment requests and avoidance of malicious WhatsApp attachments that enable executive impersonation.
Boss scam, or CEO impersonation fraud, uses malicious WhatsApp attachments and impersonation of regulatory officials or company executives to obtain control of WhatsApp sessions and issue fraudulent payment instructions. The alleged network supplied SIM cards, dummy SIMs, WhatsApp accounts and one-time passwords to cyber-fraud operators, illustrating a Cybercrime as a Service model. Preventive measures include avoiding suspicious ZIP, executable, library and APK files and independently verifying all financial-transfer requests.
August 18, 2026
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Floating-rate personal loan prepayment protections prohibit charges and compulsory lock-ins for qualifying individual non-business borrowers from 2026.
Prepayment charges are prohibited for part or full repayment of qualifying floating-rate loans availed by individual borrowers for non-business purposes and sanctioned or renewed on or after 1 January 2026. Compulsory lock-in periods cannot restrict prepayment of such loans. Fixed-rate personal loans may still attract prepayment or foreclosure charges under lender policy and contractual terms. Borrowers should check the loan's rate type, sanction letter, loan agreement and key fact statement, where applicable, and compare applicable charges with potential interest savings before early repayment.
August 18, 2026
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Premium Basmati rice positioning drives Zeeba's packaging refresh and ambassador-led campaign focused on quality, authenticity and domestic expansion.
Zeeba has refreshed its packaging and appointed Chef Vikas Khanna as global brand ambassador to support expansion in India. Its "Aisa Basmati Nahi Dekha" campaign positions the brand around export-quality Basmati rice, consistency, authenticity and a superior culinary experience. Promotional activity will extend across digital, retail and consumer touchpoints. The premium Basmati range is described as carefully sourced, naturally aged and processed according to global quality standards, with emphasis on grain quality, authentic taste, purity and consistency.
August 18, 2026
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Silver-collateral lending creates a formal secured-credit channel for eligible borrowers, subject to regulatory requirements and lender policies.
Loans against silver collateral have been introduced following the Reserve Bank of India's Lending Against Gold and Silver Collateral Directions, 2025, enabling eligible regulated lenders to accept silver as security. The offering provides a formal and transparent credit channel against eligible silver jewellery, ornaments and approved silver coins. It is intended for individuals, proprietors and MSMEs requiring liquidity for personal, business and other legitimate financial needs, subject to lending policies and applicable regulatory requirements.
August 18, 2026
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Healthcare discount membership provides instant savings on out-of-pocket care at participating premium providers without insurance claims or paperwork.
CarePass is a healthcare savings membership card providing instant point-of-billing discounts at participating premium healthcare providers across India. It covers out-of-pocket spending on hospital treatment, diagnostics, dental, vision, dermatology, hair and skin care, and IVF and maternity services, without claim processing, waiting periods or paperwork. Members present a digital CarePass at a participating provider to receive the applicable discount. Four membership tiers offer differing benefits, with higher tiers including tele-consultations and annual health checks. CarePass is a discount membership and not an insurance product.

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PMLA / Black Money

HIGHLIGHTS AT 9 PM

November 20, 2025

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New Delhi, Nov 20 (PTI) Following are the top stories at 9 pm: TOP STORIES LGD42 SC-LDALL PRESIDENTIAL REFERENCE

Presidential reference: SC says it cannot impose timelines for Governors, President to act on Bills, also can't grant 'deemed assent' New Delhi: The Supreme Court on Thursday held that the court cannot impose any timelines on Governors and the President to grant assent to Bills passed by state assemblies but at the same time said Governors do not have “unfettered” powers to sit on the Bills for "perpetuity".

CAL47 BH-LDALL OATH

Nitish sworn in as Bihar CM for record 10th time in presence of Modi, Shah; 26 ministers also take oath Patna: Bihar's longest-serving Chief Minister Nitish Kumar was on Thursday sworn in for a record 10th term here at a grand ceremony, attended by Prime Minister Narendra Modi, CMs of several NDA-ruled states, and senior alliance leaders.

FGN14 US-TRUMP-INDOPAK

Threatened India, Pak with 350 pc tariffs if they didn't end conflict; Modi, Sharif called me: Trump New York/Washington: US President Donald Trump has said he settled tension between India and Pakistan after threatening the two countries with 350 per cent tariffs and claimed that Prime Minister Narendra Modi had called him to say “we're not going to go to war.”

DEL50 CHOKSI-BELGIUM-TOP COURT- APPEAL

Belgium's supreme court to hear Mehul Choksi's appeal against extradition on Dec 9 New Delhi: The case of fugitive diamond trader Mehul Choksi challenging his extradition will come up for hearing before Belgium's supreme court -- the Court of Cassation -- on December 9, officials said on Thursday. By Abhishek Shukla

NATION DEL70 JK-NEWSPAPER-2NDLD RAID

SIA raids Kashmir Times head office in Jammu, recovers arms, ammunition Jammu, Nov 20 (PTI) The State Investigation Agency on Thursday raided the head office of Kashmir Times in Jammu and recovered arms, ammunition and incriminating documents during the search operation conducted over allegations that the publication was promoting anti-national activities, an SIA spokesperson said.

DEL71 OMAR-LD SITHARAMAN

Omar meets Union finance minister amid deepening fiscal crisis in J-K New Delhi: Jammu and Kashmir Chief Minister Omar Abdullah on Thursday called on Union Finance Minister Nirmala Sitharaman here, a meeting held against the backdrop of the financial constraints faced by the Union Territory, officials said.

DEL61 ED-VADRA-LD CHARGESHEET

ED files chargesheet against Robert Vadra in UK-based Sanjay Bhandari case New Delhi: The Enforcement Directorate has filed a chargesheet against businessman Robert Vadra, husband of Congress MP Priyanka Gandhi Vadra, in a money laundering case linked to UK-based arms consultant Sanjay Bhandari, officials said.

DEL60 ED-ANIL AMBANI CASE-2NDLD ATTACH

ED attaches fresh assets worth Rs 1,452 cr in case against Anil Ambani's Reliance Group New Delhi: The Enforcement Directorate on Thursday said it has attached fresh assets worth more than Rs 1,452 crore as part of a money laundering investigation against businessman Anil Ambani's Reliance Group.

DEL80 SC-PRESIDENTIAL REFERENCE-EXPERTS

SC opinion on Presidential Reference draws mixed views from legal experts, Oppn leaders New Delhi: Legal experts and leaders of some opposition-ruled states on Thursday expressed mixed views on the Supreme Court's opinion on the Presidential Reference that no timelines can be prescribed for governors and the president in granting assent to bills passed by assemblies.

DEL45 CONG-GOVT-2NDLD US REPORT

Severe setback to India's diplomacy: Congress on US panel's 'Pak success' claim in report New Delhi: The Congress on Thursday described a US commission report mentioning "Pakistan's military success over India" in a four-day clash as "yet another severe setback" to India's diplomacy and asked whether Prime Minister Narendra Modi and the Ministry of External Affairs would register their objections to it.

BOM17 CG-LD PRESIDENT

Naxalites quitting path of violence, joining mainstream of development: President Murmu Ambikapur (Chhattisgarh): President Droupadi Murmu on Thursday said Naxalites have been shunning the path of violence and joining the mainstream, underscoring that coordinated efforts by the Centre and states will ensure the elimination of Left-Wing Extremism soon.

LEGAL LGD37 DL-COURT-2NDLD BLAST

Delhi court sends 4 accused in Red Fort bomb blast to 10-day NIA custody New Delhi: A Delhi court on Thursday remanded to 10 days' NIA custody three doctors and a preacher who were arrested in connection with the November 10 car blast outside the Red Fort in which 15 people were killed.

LGD28 SC-DELHI RIOTS-LD BAIL

Intellectuals terrorists more dangerous than those working on ground: Delhi police in SC New Delhi: When intellectuals become terrorists, they become more dangerous than those working on the ground, the Delhi police told the Supreme Court on Thursday as it vehemently opposed the bail pleas of activists Umar Khalid, Sharjeel Imam and others in the February 2020 riots case.

FOREIGN FGN27 US-INDIA-LD DEFENCE

US approves sale of Excalibur projectiles, Javelin missile system t20India worth nearly USD 93 mn New York/Washington: The US has approved the sale of Excalibur guided artillery projectiles, Javelin anti-tank missile system and related equipment worth nearly USD 93 million to India, saying it will improve the country's capability to strengthen its defence and deter regional threats.

FGN40 CLIMATE-COP30-LD INDIA

Bhupender Yadav holds talks with ministers from China, Cuba, Germany, Denmark on COP sidelines Belem (Brazil): Environment Minister Bhupender Yadav held a series of bilateral meetings with ministers from China, Cuba, Germany and Denmark on the sidelines of the UN COP30 here in Brazil and discussed issues related to the climate summit.

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