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    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
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
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    August 8, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 7, 2026
    Show AI Summary
    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
    Show AI Summary
    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.

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      HIGHLIGHTS

      December 13, 2025

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      New Delhi, Dec 13 (PTI) Following are the top stories at 9.05 pm: NATION DEL27 ENV-CAQM-LD GRAP (8.59 PM)

      GRAP Stage IV curbs invoked in Delhi-NCR amid sharp dip in air quality New Delhi: The Commission for Air Quality Management (CAQM) on Saturday invoked the strictest measures under its air pollution control plan, GRAP, including a ban on all construction and demolition activities in Delhi-NCR after pollution levels rose sharply amid unfavourable meteorological conditions.

      MDS23 KL-2ND LDALL CIVIC POLLS (9.01 PM) Kerala civic polls results: Boost for UDF, setback for LDF, Lotus blooms in state capital

      Thiruvananthapuram: In a morale-boosting show ahead of the 2026 Assembly polls, Congress-led UDF on Saturday secured a decisive victory in Kerala's local body elections, dealing a blow to the LDF while the BJP wrested the city civic body from decades of Left control in what Prime Minister Narendra Modi described as the state politics' "watershed moment."

      CAL30 WB-LDALL MESSI (8.03 PM)

      Mismanagement mars Messi’s Kolkata visit, Bengal CM Mamata orders high-level inquiry Kolkata: What was meant to be a celebratory event around football icon Lionel Messi descended into chaos at the Salt Lake Stadium here on Saturday after spectators resorted to vandalism on failing to catch a glimpse of their hero, alleging gross mismanagement by the organisers and obstruction of views by VIPs.

      DEL14 CONG-LD MGNREGA (RPT) (5.32 PM)

      Modi govt 'master' at renaming schemes: Congress slams govt over MGNREGA name change New Delhi: With the Cabinet approving a Bill to rename the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the Congress on Saturday questioned the need for renaming the scheme and asked "what is wrong with the name Mahatma Gandhi" that the government had to take this step.

      DEL25 CONG 2NDLD KERALA (8.35 PM)

      Start of collapse of many 'red fortresses': Cong on Kerala local bodies poll win; Tharoor congratulates BJP for Thiruvananthapuram victory New Delhi: Buoyed by the victory in Kerala local bodies polls, Congress president Mallikarjun Kharge, Rahul Gandhi and other leaders on Saturday exuded confidence that the UDF will get a similar mandate in the assembly elections, with the party asserting that many "red fortresses" will collapse in the coming times.

      MDS19 DEF-TL-2ND LD CDS CHAUHAN (7.59 PM)

      India's future combat power would be driven by JAI: Gen Chauhan Hyderabad: General Anil Chauhan on Saturday said the country's future combat power would be driven by three pillars -- Jointnesss, Atmanirbharta and Innovation, which he collectively termed as JAI.

      DEL18 ED-ISIS-WOOD SMUGGLING (5.28 PM)

      Padgha ISIS module from Maharashtra cut and smuggled Khair wood from reserve forest: ED New Delhi: An alleged ISIS module operating from Maharashtra's Padgha village in Thane district was involved in the illegal cutting and smuggling of Khair wood from the local reserve forests, an ED probe into a terror financing-linked money laundering case has found.

      CAL28 AN-BHAGWAT (7.07 PM)

      RSS chief Mohan Bhagwat calls for unity, cultural pride at Andaman meeting Sri Vijaya Puram: RSS chief Mohan Bhagwat on Saturday urged Hindu society to draw inspiration from Swami Vivekananda’s message that every nation has a mission to fulfil and a destiny to reach.

      CAL27 AS-ESPIONAGE-LD ARREST (6.44 PM)

      Retired IAF personnel arrested for alleged Pak links in Assam Tezpur: A retired Indian Air Force personnel has been arrested in Assam's Sonitpur district for alleged links with Pakistani intelligence operatives, police said on Saturday.

      CAL24 AR-BODIES (5.55 PM)

      11 more bodies retrieved from Arunachal accident site Itanagar: Eleven more bodies were retrieved on Saturday from the deep gorge in Arunachal Pradesh's Anjaw district, where a mini-truck on which 22 labourers from Assam were travelling fell, an official said.

      DEL22 CPIM-KARAT-AKHLAQ (7.14 PM)

      Akhlaq lynching case: Brinda Karat seeks President's intervention in UP govt's move to drop charges New Delhi: Senior CPI(M) leader Brinda Karat on Saturday wrote to President Droupadi Murmu, demanding her intervention in the Uttar Pradesh government's move to withdraw charges against the accused in the 2015 mob lynching of Mohammad Akhlaq.

      DEL26 RAIL-FAKE IDS-IRCTC (8.46 PM)

      After fake ID crackdown, IRCTC daily new accounts down to 5000 from one lakh: Railways New Delhi: With a new, stringent system to establish user identity, the number of new user IDs being added daily on the IRCTC website has declined to about 5,000 from nearly one lakh, officials said on Saturday.

      LEGAL LGD5 JK-NIA-RATHER-PO (7.50 PM)

      NIA court declares absconding Delhi blast accused Muzaffar Rather 'proclaimed offender' Srinagar: An NIA court here declared Dr Muzaffar Ahmad Rather, an accused in the white collar terror module busted by Srinagar police in October that was behind the November 10 car blast near Delhi's Red Fort, a proclaimed offender under Section 84 of the BNSS.

      LGD4 HC-GRAP-WFH (6.20 PM)

      HC dismisses scientist's plea seeking mandatory WFH under GRAP due to poor air quality New Delhi: The Delhi High Court has dismissed a plea by a senior-level scientist, working with an organisation funded by the central government, that he be allowed to work from home due to poor air quality on office premises.

      FOREIGN FES22 UK-NAOROJI (6.58 PM)

      UK’s House of Lords commemorates Dadabhai Naoroji’s 200th birth anniversary London: The House of Lords in London played host to a special reception in honour of the 200th birth anniversary of Dadabhai Naoroji, the nationalist leader who became the first Indian to win a popular election to the British Parliament during the colonial era. By Aditi Khanna

      FGN31 PAK-SANSKRIT (8.48 PM)

      Two Pak universities launch Sanskrit courses citing shared heritage of classical language Lahore: First time after partition, two universities of Pakistan's Punjab have launched short courses in Sanskrit citing shared heritage and plan to teach Gita and Mahabharat in future. By M Zulqernain

      FGN32 NEPAL-INDIA-ENVOY-HEALTH (9.00 PM)

      Indian envoy falls ill while hiking in Nepal; airlifted to hospital Kathmandu: Indian Ambassador Naveen Srivastava fell ill on Saturday while hiking in Nepal's Lalitpur district, and was airlifted to Kathmandu for treatment, officials said. By Shirish B Pradhan

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