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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
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
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    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
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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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      Elion Technologies Expands Nationwide Industrial Safety, Energy Audit and Sustainability Services to Support India’s Growing Compliance Requirements

      December 2, 2025

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      New Delhi, India: With India witnessing rapid industrial growth and tightening regulatory standards, the demand for structured safety management, energy efficiency measures and compliance-led operational systems continues to rise. In response to these evolving requirements, Elion Technologies & Consulting Pvt. Ltd., a leading Indian audit and consulting organisation, has expanded its service capability across the country to support industries with advanced electrical safety audits, fire safety audits, energy audits, carbon footprint assessments, OHS compliance audits, thermography surveys, arc flash studies, and industrial risk assessments. The company, which has been active for over a decade, reports a significant increase in requests for independent evaluations from manufacturing units, logistics parks, FMCG plants, data centres, chemical industries, pharmaceutical facilities, and large warehousing operations. According to Elion Technologies, this rise is driven by multiple factors including new labour codes, greater customer audits, supply-chain requirements, environmental commitments and stricter enforcement by statutory authorities. Growing Need for Compliance in Indian Industries India’s expanding industrial base has highlighted the importance of reliable safety systems and energy management frameworks. Several high-profile incidents related to electrical faults, fire outbreaks, short circuits, equipment failures and workplace hazards have emphasised the gaps in preventive maintenance and compliance adherence. In addition, the recent operationalisation of the Occupational Safety, Health and Working Conditions (OSH) Code, updated regulations under the National Building Code, and strengthened monitoring by CEICED, DISCOMS, State Fire Directorates and pollution control authorities have increased the need for qualified partners capable of conducting compliant, evidence-based audits. Elion Technologies states that industries are increasingly seeking structured electrical safety compliance, fire safety infrastructure evaluation, energy optimisation assessments, and environmental sustainability audits to meet statutory standards, improve operational reliability and reduce financial losses associated with downtime or incidents. Comprehensive Audit and Assessment Offerings Elion Technologies has developed a multidisciplinary audit framework supported by certified energy auditors, electrical engineers, fire safety specialists, safety officers, environmental professionals and industry-trained technical experts. Their assessments are aligned with global and national benchmarks including ISO 50001 (Energy Management), ISO 45001 (Occupational Health & Safety), ISO 14001, NFPA standards and relevant IS Codes. Key Services Include: Electrical Safety Audit A detailed examination of electrical distribution systems, panels, earthing networks, protection systems, wiring conditions, load balancing and safety interlocks. The audit helps identify overheating, loose connections, circuit abnormalities and areas vulnerable to electrical failure or fire hazards. Fire Safety Audit Assessment of fire detection systems, alarm panels, fire extinguishers, hydrant networks, smoke management systems, sprinkler coverage, evacuation pathways and compliance with NBC norms. The audit aims to strengthen fire preparedness and reduce risk of fire-related incidents. Energy Audit (BEE Certified) Evaluation of equipment efficiency, lighting systems, HVAC performance, compressed air systems, utility load, motors, pumps and process units. Recommendations provided through the energy audit enable measurable reductions in electricity consumption, improving the organisation’s energy performance indicators. Thermography Survey Infrared imaging-based thermal inspections used to detect hotspots, equipment stress, insulation deterioration and mechanical anomalies. Thermography is widely applied for preventive maintenance in industrial plants, warehouses, data centres and utilities. Arc Flash Study A specialised engineering analysis that determines incident energy levels, flash protection boundaries and PPE categories, helping industries strengthen electrical safety compliance in line with global best practices. Carbon Footprint and Sustainability Audit Measurement of greenhouse gas emissions, resource consumption patterns, waste generation and environmental impact. The audit supports organisations in designing sustainability strategies aligned with ESG, net-zero and corporate environmental targets. OHS & Industrial Safety Audit Evaluation of safety systems, hazard identification processes, SOPs, workplace ergonomics, emergency response readiness and legal compliance under new labour codes and safety legislation. Elion Technologies also provides water audits, hazard identification and risk assessment (HIRA), compressed air leak audits, environmental audits and installation quality audits for new industrial infrastructure. Sector-Wide Impact and Operational Benefits The company reports strong adoption of its services among industries seeking to minimise operational risks such as electrical breakdowns, fire hazards, process interruptions and regulatory non-compliance. Clients across automotive, FMCG, logistics, pharmaceuticals, engineering, chemicals, plastics, electronics, power utilities and infrastructure sectors have reported improvements in plant reliability and safety performance after implementing audit recommendations. Key benefits observed include: • Reduction in electrical failures and unplanned shutdowns • Improved fire safety readiness across facilities • Enhanced energy efficiency resulting in measurable cost savings • Better preparedness for statutory inspections and customer audits • Stronger occupational health and safety culture among employees • Alignment with sustainability and ESG reporting requirements Elion attributes this impact to its evidence-based approach, use of calibrated instruments, transparent reporting practices and sector-specific audit methodologies. Digital Access and Nationwide Service Capability To support industries across urban and remote locations, Elion Technologies has strengthened its digital service infrastructure. Clients can access service information, submit audit requests, review sample reports, understand compliance requirements and track project updates through the company’s official website: https://elion.co.in/ The company currently serves all major industrial hubs including Delhi NCR, Mumbai, Pune, Bengaluru, Hyderabad, Chennai, Ahmedabad, Kolkata, Indore, Jaipur, Coimbatore and multiple Tier-II and Tier-III industrial regions. Commitment to Safer, Efficient and Sustainable Industrial Operations Elion Technologies states that its long-term focus is to support India’s industrial ecosystem by enabling safer workplaces, lower energy consumption, reduced environmental impact and improved operational efficiency. The organisation is investing in auditor training, advanced tools, updated compliance frameworks and digital documentation systems to strengthen its service quality. According to the company, industries are increasingly recognising the strategic importance of independent assessments, especially in the areas of electrical safety compliance, fire risk reduction, energy optimisation, industrial OHS management and carbon emission reduction. About Elion Technologies & Consulting Pvt. Ltd. Elion Technologies is a leading Indian firm specialising in Electrical Safety Audits, Fire Safety Audits, Energy Audits, Carbon Footprint Assessments, Thermography Audits, Arc Flash Studies, OHS Audits, Environmental Audits and Industrial Safety Assessments. The company operates across India, serving industrial, commercial and institutional clients with a focus on operational safety, compliance and sustainability. For more information, visit: https://elion.co.in/ (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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