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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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    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
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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
    Show AI Summary
    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
    Show AI Summary
    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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      Next Big Crypto to Explode: Why are DeepSnitch AI, Chainlink, and Mantle Investors’ Favorites in 2026?

      December 10, 2025

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      Chainlink is perhaps the most undervalued crypto now, despite having the largest number of use cases, partnerships, news, and a chart showing a potential breakout. So much is happening that it clearly seems poised to become the next big crypto to explode. However, for those looking for the next big crypto with explosive gains, DeepSnitch AI appears to have the greatest upside at the moment. It's an artificial intelligence project still in presale, with a bonus offer where you can earn 50% to 100% more tokens. While it just surpassed $720,000, and the token price has risen over 80%, investors aim for a potential 100x. SEC Chairman Paul Atkins predicts the RWA market could revolutionize Wall Street in the next years SEC Chairman Paul Atkins stated in an interview that the real asset tokenization market could revolutionize Wall Street in the coming years, making the sector more competitive, faster, and safer for investments. Atkins explained that combining electronic trading with blockchain technology could help bring greater predictability, reduced risk, and real-time settlements, eliminating gaps between execution and order delays. The US stock market is currently worth approximately $68 trillion, but only $670 million of that is tokenized as RWA, compared to $35 billion in RWA assets worldwide. This shows the upside potential for the RWA market in the US, but also exposes how the American market is lagging behind the rest of the world. The SEC now wants to create clear rules so that the US doesn't fall behind in innovation, so that it can soon take the lead in the RWA sector, and also lead the crypto market. DeepSnitch AI: A high-potential crypto to explode in 2026 Not only is the RWA sector expected to grow significantly in 2026, but according to recent reports from Bank of America, the artificial intelligence sector is projected to receive the most investment, potentially becoming the fastest-growing sector. This aligns with another report from Gartner, which states that the AI sector is expected to grow 25x by 2030. With this perspective, projects like DeepSnitch AI become the next big crypto to explode in 2026 because they are artificial intelligence projects with a live network and a platform with several AI agents operating. Their goal is to give all investors access to on-chain information and market reports that can provide sufficient data to help traders make better decisions. For a long time, only large funds and whales had access to super expensive tools and reports that gave them an advantage when trading and investing, helping them achieve better results. But now with DeepSnitch AI, everyone in the market, from small investors to big whales, will have access to the same tools and information, making the market fairer. The presale is breaking records and has already surpassed $720,000 in funding, aiming for $1M, while the team launched a bonus offer, and in the coming days, those who invest over $2,000 can earn 50% more tokens using the code DSNTVIP50. And those who invest over $5,000 can earn 100% more tokens using DSNTVIP100. https://youtu.be/I9e0heyoWkk?si=4xNXFXKu1QgqDKE0 Chainlink: The next big crypto preparing to explode! One of the biggest and most undervalued projects right now is Chainlink. There are many reasons to believe that this could be the next big crypto to explode. First, Chainlink's official account stated that "the future of AI is powered by Chainlink", following a partnership with the Codatta.io project, an AI layer that transforms human knowledge into on-chain data assets. Meanwhile, Mastercard executive Raj Dhamodharan stated that Chainlink is the "missing link" to unlocking the future of global payments. And from the perspective that the SEC believes the RWA market can revolutionize Wall Street, LINK could also be the one to provide the essential infrastructure for this to become a reality. It seems that everything revolves around LINK, while looking at the chart, the asset is going through the final stage of a five-year compression, with its RSI reset. Current resistance is at $25, but when a breakout happens, an explosive rally above $100 is expected. Mantle: A settlement hub for tokenized credit and equities If the SEC believes that the RWA market can revolutionize Wall Street, Mantle could be a key ally, providing the infrastructure for it. The project, by 2025, has strongly positioned itself as a hub for RWA, raising its TVL to over $2 billion, becoming a settlement center for tokenized credit and equities. While MNT is the governance and utility token of the Mantle Network (L2 on Ethereum), it also integrates with the Bybit exchange, offering discounts on trading fees, earn products (staking, liquidity mining), and more. In this sense, MNT is compared to BNB in the Binance/BNB Chain ecosystem. Looking at the chart, the token is approaching a critical support level at $1.10. This is a region that has been serving as an accumulation zone, and it's important not to lose this support. Although the trend is for MNT to continue accumulating in the coming weeks. With Bybit being one of the largest exchanges in the world, and the RWA market having a lot of upside potential for growth, Mantle has all the fundamentals to be the next big crypto to explode in 2026. Conclusion Chainlink is facing an upcoming breakout coin, but the fact that it's under five-year compression makes its breakout a big unknown. LINK could still accumulate for a long time. Mantle is trying to become a new hub for RWA, but judging by the chart, it's also in an accumulation zone. With this perspective, DeepSnitchAI seems like an investment with more potential, considering it's a presale. Investors can buy tokens at still-cheap prices for an artificial intelligence project within a sector expected to grow 25x by 2030. This could make DSNT grow reasonably 100x, making it the next big crypto to invest in for potentially explosive gains in 2026. Visit the official website for more information, and join X and Telegram for community updates FAQs 1. Why is DeepSnitch AI considered the next big crypto for 2026? DeepSnitch AI combines real-time AI agents and a fast-growing presale, making many analysts call it the next big crypto. Its tools give investors data usually reserved for whales, increasing its 100x potential. 2. What is the next cryptocurrency to boom in 2026? The next cryptocurrency to boom could be Chainlink, Mantle, or DeepSnitch AI, each driven by strong fundamentals. LINK leads in adoption, Mantle in RWA infrastructure, and DSNT in AI-powered trading. Comparing all three coins, DeepSnitch AI has more upside. 3. Why is Mantle considered one of the next big cryptos for 2026? Mantle is positioning itself as a major RWA settlement hub with over $2B TVL, and its integration with Bybit strengthens its utility. This infrastructure focus makes investors view it as a top potential for being the next big crypto. Disclaimer: Trading cryptocurrencies/digital assets carries a high level of risk, and may not be suitable for all investors. You should be aware of all the risks associated with cryptocurrency/digital asset trading and seek advice from an independent financial advisor. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The website or its publishers will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The above content is published as received and has not been edited by the channel staff. The channel holds no responsibility for its content. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI

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