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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
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    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
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    India weathered Hormuz disruption without fuel shortages: Puri
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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
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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.
    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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      Power. Pixel. Parity.: Top Indian Leaders Tackle AI Bias and Coding Equity at TalentNomics Conference

      November 26, 2025

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      Delhi, India (NewsVoir) The rapid acceleration of Artificial Intelligence (AI) poses the most significant challenge yet to gender equity in the workforce and wealth creation. This was the central focus at the TalentNomics India’s 10th Annual Conference, 'Power. Pixel. Parity.,' where top corporate leaders, investors, and innovators gathered to move beyond fear to build a proactive roadmap for Responsible AI and gender equity in India’s future of work, wealth and wellbeing.

      The day was anchored by powerful insights from three of India’s most respected leaders: • CP Gurnani underscored that the path to AI equity requires deliberate, ethical design. “What can we do to keep our power of curiosity, our power of creative thinking, our power of learning and applying data in our everyday life. Because to me AI is all about training the data, and if AI is all about training the data, then I need to pick up instances where I can power it.” • The pivotal question from industry veteran Manoj Chugh served as a call to action: “Are we interrupting the bias? If not, we are not doing good.” The core message was that since AI learns from historical, often biased, data, the responsibility lies with human leaders to interrupt these patterns through sponsorship and intentional design.

      • Suparna Mitra highlighted the necessity of intentional gender equity strategies in leadership and consumption. “At the Talentnomics India 10th Annual conference, I had the privilege of addressing the good people who had gathered to discuss how the AI revolution will impact gender dynamics. Whenever a new technology comes, the existing norms get re-shaped. The AI revolution does not just belong to the people who work on the technology, but all of those who use the technology. The moral and ethical dimensions need to be examined for us to ensure that the gender gap is balanced, rather than get worsened.” The Future of Work & The Disruption of Income The session, 'Work Rebooted – Breaking the Digital Ceiling,' moderated by Lata Singh, dissected the differential impact of AI on the workforce, highlighting the urgent need for task-level reskilling.

      • Task-Level Disruption: Jagdish Mitra emphasized that AI disruption occurs at the task level, not just the role level. He noted that while women make up 35% of the IT workforce, nearly 70% of their roles are task-heavy and highly exposed to automation. His guidance: HR teams must champion diversity, and individuals must perform a task-based analysis of their job to identify what to reskill for.

      • The Investment Risk of Inequity: Dr. Archana Hingorani connected workforce gender equity to the balance sheet. She argued that ignoring the displacement of women creates systemic market instability and limits the available talent pool, making ignoring gender equity a bad business decision for the investor.

      • Owning the AI Ecosystem: Shalaka Verma outlined the three key opportunity domains: Builders of AI, Maintainers of AI, and Users of AI, urging women to seize the early-mover advantage in this transition and actively define their space before others define it for them.

      The Infrastructure of Wealth & Wellbeing These panels addressed how AI impacts the fundamental structures of wealth creation and care, from investments to healthcare access.

      • Code to Capital: Reducing the Wealth Gap: The deeply insightful session on the gender wealth gap, led by Soumya Rajan and Anita George, concluded that the gap stems from structural issues and behavioral biases. They affirmed that AI is a powerful 'copilot' capable of de-biasing financial planning and nudging women from mere savers to active investors. Anita George stressed that "Investing is self-care" and emphasized the need for trust, governance, and security in the financial sector to ensure women become true capital creators.

      • Rebalancing Care & Rural Healthcare: The sessions highlighted that both urban and rural women face unique barriers to wellbeing. Partha Dey showcased how the shift of services from hospital to home significantly improves access for women. Furthermore, the session on "Beyond the Grid: AI and the Future of Rural Healthcare" with Jyotsna Krishnan & Priyadarshi Mohaparta highlighted how a hybrid "phygital" model using Community Champions (primarily women) can be the viable solution for India’s large rural market, ensuring the entire loop of diagnostics and medicine is closed and reducing time burdens for women caregivers.

      • The Human Heart of Empathy: Dr. Dev Brar addressed the limits of AI in mental health, noting: “AI heard my words, but not my silence.” Bhavana Issar also emphasised that while AI can enable wellbeing, it cannot replace the Human touch. Shilpa Ajwani concluded that Human and technical review must go hand in hand to ensure AI works for everyone.

      Governance and Guardrails: The Mandate for Equitable AI The consensus across the conference was that AI is not inherently biased, but rather amplifies the bias already present in the human data it learns from, necessitating strong guardrails.

      • Bias Amplification: The session on 'Unbiased by Design' concluded that AI models are inherently prone to perpetuating historical human biases because they learn from flawed data, making simply removing gender labels insufficient. The core consensus of the panel, featuring Kiran Chhabra, Renu Menon, Uma Rani, and Arjun Venkatraman, captured by the motto "Nothing About Us Without Us," is that achieving equitable AI requires active, sustained oversight.

      • Policy and Accountability: This includes enforcing mandatory AI audits and governance frameworks to ensure equal error rates across demographic groups, and critically, involving women and underrepresented groups as data stewards to reduce bias at the source of data collection and annotation. As observed by L Venkata Subramanian and Aneesh Patnaik, we need technological solutions, diverse policy input, and active user feedback.

      • Societal Movement: Sunaina Kumar emphasized that patriarchal structures are mirrored in digital spaces, and without robust governance, AI risks weakening women's economic security. Ratnesh Jha concluded that fixing this requires a societal "movement," stressing that companies must be held accountable by consumers, and organizations must commit to not allowing bias in their own systemic decisions.

      Conclusion: Sponsorship and Concrete Action The conference underscored that fixing the future starts with fixing the present. The most potent advice from the floor was the need to move from mentorship to sponsorship. Sponsorship is the action—the advocacy and the intentional door-opening—that ensures women are in the rooms where AI decisions are being shaped.

      Neeta Boochra, member of the TalentNomics Advisory Board, rekindled the room’s momentum with her vote of thanks, reinforcing that influence must translate into opportunity and conversation into measurable change. The conference's success lay in its commitment to translating high-level dialogue into concrete, actionable steps toward a gender-equitable Digital future.

      About TalentNomics India TalentNomics India is a non-profit organisation working to create a world where gender equity is the norm. Since 2016, the organisation has operated leadership development programs for women and convened annual conferences featuring multi-stakeholder dialogues on barriers to equity in work, wealth, wellbeing, and welfare. Through research, advocacy, and collaboration with corporate, government, and civil society partners, TalentNomics India advances systemic approaches to gender equity.

      Website: www.india.talentnomics.org Instagram: www.instagram.com/talentnomicsindia/ LinkedIn: in.linkedin.com/company/talentnomicsindia (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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