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    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
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    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
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    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
    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
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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.
    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.
    August 7, 2026
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    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.

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      Autope Launches First of Its Kind Smart Lockers with Mumbai Metro One Across 12 Metro Station in Mumbai; Set to Redefine Daily Commutes and Urban E-Commerce Logistics

      November 25, 2025

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      Mumbai, Maharashtra, India – Business Wire India • Expected to impact approx. 5,00,000 commuters with 996 smart lockers across 12 Mumbai Metro stations. • Leveraging Autope's proven network of 25,000 lockers across 250 Delhi Metro stations. • A strategic step towards integrated urban mobility and India's 'One Nation One App' vision. Autope Payment Solutions Ltd, a fintech company enabling seamless digital payments and services for India’s mass transit ecosystems, today announced the successful launch of its innovative Smart Locker system across 12 Mumbai Metro One stations. The first of its kind initiative, in collaboration with Mumbai Metro One, introduces over 996 state-of-the-art digital lockers to the city's transit network. This comprehensive smart locker deployment marks a significant leap towards revolutionising daily commute convenience, last-mile logistics, and e-commerce delivery for approx. 5 Lakh commuters. These lockers offer more than just secure storage; they represent a crucial link in the future of urban mobility, empowering efficient e-commerce deliveries, enhancing first and last-mile connectivity in logistics and ultimately, making door-to-door logistics more efficient and sustainable for the modern city dweller. Autope is currently in discussion with major e-commerce players in India to further enhance these services. This expansion into Mumbai represents another significant milestone in Autope’s strategic plan to scale smart mobility infrastructure across India, building partnership with Mumbai Metro One. Autope is committed to fostering deep integration of transit operations with payments technology and leveraging data analytics for improved efficiency and passenger experience across the nation. "Our core mission at Autope is to bridge the gap between transportation and financial technology, creating seamless, integrated experiences for urban commuters across India," said Mr. Anurag Bajpai, Founder & Managing Director, Autope Payment Solutions Ltd. "The launch of over 996 Smart Lockers across 12 Mumbai Metro One stations is a pivotal moment in this vision. Building on the robust success and learnings from our Delhi Metro deployment, we are thrilled to bring this advanced, first-of-its-kind solution to Mumbai." Mr. Bajpai further elaborated on the broader vision, stating, "We foresee a future where commuters enjoy unparalleled convenience, with smart lockers serving as vital hubs for package delivery and secure storage within the transit ecosystem. This not only optimizes e-commerce logistics but also significantly reduces congestion and emissions, contributing to a greener, smarter city. Autope is also actively exploring opportunities to extend this successful model to mass transit systems outside of India, envisioning a truly global impact for smart, connected transit solutions." Mr. Shyamantak Choudhury, CEO, Mumbai Metro One, said, “We are delighted to partner with AutoPe to bring smart-locker services to our metro stations. This initiative is yet another step in our journey to modernise Mumbai Metro Line-1 and elevate the everyday experience of our commuters. By enabling commuters to travel lighter and with added peace of mind, we are strengthening our vision of a convenient, tech-enabled and future-ready urban mobility ecosystem for Mumbai.” The Autope Smart Lockers are designed to integrate seamlessly into the bustling metro ecosystem, offering a host of features and benefits for commuters and urban stakeholders: Key Features: • Digital Access: Commuters can conveniently access lockers via a user-friendly app, SMS, or QR code scanning, providing a modern and secure interface. • Multiple Locker Sizes: Available in two main variations: smaller compartments (approx. 5 Kg capacity) and medium compartments (approx. 10 Kg capacity), suitable for parcels, groceries, or personal items. • Affordable & Flexible Use: A flat fee of INR 20 per hour for small boxes and INR 30 per hour for medium lockers ensures accessibility for all commuters. • Secure & Monitored: Ensuring peace of mind, the lockers are equipped with 24x7 CCTV surveillance and OTP-based authentication for secure item drop-off and retrieval. • Versatile Use Cases: Ideal for temporary storage, secure e-commerce and courier deliveries, supporting middle-mile logistics and even brand sampling within transit hubs. Benefits for Commuters and the Urban Ecosystem: • Enhanced Passenger Convenience: Enables metro users to effortlessly pick up online orders or securely store personal belongings while travelling, significantly improving their daily experience and saving time. • Sustainability: By consolidating deliveries at metro stations, the Smart Lockers contribute to lowering last-mile emissions, promoting greener urban logistics and reducing urban traffic congestion. • Brand Engagement: Creates a visible, high-footfall touchpoint for retail and delivery partners, fostering new commercial opportunities within the metro's ecosystem. • Improved Commuter Experience: Further enhances the metro's ecosystem of services, making public transport an even more attractive, efficient, and integrated option for citizens. Autope's proven track record of innovation and scale is best exemplified by its success with the Delhi Metro. There, Autope has managed smart lockers across 250 stations, totalling 25,000 lockers, for over 1.5 years. Autope's technology also powers the Delhi Metro Sarathi app, integrating smart lockers, digital screens at metro stations, last-mile connectivity solutions, and newer versions of ticketing, demonstrating its deep expertise in high-volume, mission-critical transit environments. Autope's robust, transit-optimized payment infrastructure, which underpins the Smart Locker system, ensures secure, real-time transactions and seamless integration with the broader mobility network. This initiative aligns perfectly with India's broader smart city initiatives and the "One Nation One App" vision, demonstrating Autope’s capability to deliver scalable, interoperable solutions for high-volume, mission-critical environments. While plans to cover all other metro lines in Mumbai are not yet finalized, this successful launch across 12 stations lays robust groundwork for future expansion and integrated urban solutions. Building on its successful projects with the Delhi Metro, Autope is actively expanding its other offerings, which include advanced ticketing solutions, last-mile connectivity, innovations in payments, and non-fare revenue solutions, to other metros across India and beyond, showcasing its capability to deliver scalable, interoperable solutions for future urban mobility. About Autope Payment Solutions Ltd Autope Payment Solutions Ltd. is a fintech company enabling seamless digital payments and services for India’s mass transit ecosystems. Operating at the intersection of mobility and finance, Autope powers app-based ticketing, fare collection, and wallet integration across metro and public transport systems. Its transit-optimized payment gateway and APIs support multimodal connectivity, digital commerce, and smart city mobility initiatives. Partnering with metro corporations and IRCTC, Autope is shaping the future of urban mobility through secure, interoperable, and sustainable payment infrastructure. Website: Autope Payment Solutions | Leading FinTech Software Solutions Company in India About Mumbai Metro One We at Mumbai Metro One are committed to deliver world-class commuter experience. As the inaugural Metro line in Mumbai, we have transformed the commuter experience nationwide. The substantial increase in ridership can be credited to our unwavering commitment by offering safety, security, cleanliness, reliability and comfort to our valued commuters. With a customer-centric approach and adherence to world-class standards, Mumbai Metro One has emerged as the preferred choice for commuters, advertising brands and retail partners. We express gratitude to Mumbaikars for their ongoing patronage and steadfast support in reaching these significant milestones. Website: www.reliancemumbaimetro.com To View the Image, Click on the Link Below: Metro smart lockers launched to offer commuters secure, quick, and convenient storage and pick up solutions.

      (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

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