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    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
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    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
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    August 10, 2026
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    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    August 10, 2026
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    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    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
    Show AI Summary
    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
    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
    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
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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.

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      Transforming Visual Content with AI: The Impact of Watermark Removal and Video Background Removal

      December 16, 2025

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      In today’s digital landscape, content creation has become an essential part of personal communication and business strategy. Whether someone is sharing a short video on social media, producing educational material, or building a brand identity, visual content carries the power to influence how messages are perceived. Clean, polished, and distraction-free visuals have become a standard expectation among viewers, raising the importance of tools that enhance clarity and remove unwanted elements. Among these tools, AI logo remover from Video and AI remove background from video stand out for their ability to improve quality while reducing the amount of manual labor required from creators. Together, these tools represent a major shift in how people produce and refine visual content. They make professional-looking results accessible to anyone, regardless of experience or equipment, and they allow creators to focus on storytelling instead of editing complexities.

      What a Watermark Remover Really Does Understanding the Purpose of Watermark Removal Watermarks exist for a reason. They protect ownership, identify brands, or mark drafts of visual content before final use. However, there are many cases where a watermark becomes an obstacle. A timestamp might spoil the aesthetics of an old family video, a logo may interfere with a design layout, or a text overlay could obstruct important parts of an image. When creators want to repurpose footage for personal, educational, or internal business use, removing the watermark becomes essential.

      A watermark remover provides the ability to erase these elements without damaging the rest of the image or video. It does so by reconstructing what should appear beneath the watermark. Unlike older manual techniques that involved patching, cloning, or carefully blending pixels by hand, AI-driven removers analyze the content holistically. They fill in the missing area in a way that mimics the original texture, lighting, and depth.

      How AI Recreates Missing Visual Information Artificial intelligence has changed the way watermark removal works. When a user uploads their content, the AI identifies the watermark’s shape and boundaries. It then studies the surrounding pixels to understand the environment—textures, shadows, gradients, edges, and even movement in the case of video. Using this information, the AI predicts what the underlying clean version should look like.

      In videos, this process grows even more impressive. The AI compares multiple frames before and after the watermark’s presence. By watching how objects move and how lighting shifts, it reconstructs a new sequence of pixels across all frames, ensuring the removed watermark doesn’t produce flickering or inconsistencies. This ability to interpret and rebuild scenes dynamically results in clean, natural-looking footage.

      How Users Interact with a Watermark Remover The user experience of removing a watermark is intentionally simple. Someone uploads their file, highlights the watermark if needed, and lets the AI handle the rest. Within moments, the tool provides a refined version of the image or video. This workflow is accessible even to users who have never edited media before.

      There is no specialized software to download, no manual frame-by-frame editing, and no steep learning curve. The ease of use is one of the strongest advantages of AI watermark removal, making it suitable for casual users, creators, and professionals alike.

      Why Individuals Benefit from Removing Watermarks For individuals, watermark removal often enhances personal memories and creative projects. Old photographs and camcorder footage frequently contain timestamps embedded directly into the picture. These marks may have been useful decades ago, but they can feel distracting today. Removing them restores the original moment in a cleaner, more timeless form.

      Aspiring creators also benefit from watermark removal. When filming tutorials, vlogs, or travel videos, they may accidentally export drafts with editing software watermarks. Instead of repeating the entire editing process, the watermark is removed in seconds. This efficiency allows individuals to stay focused on producing new content instead of reworking old files.

      Another valuable use is in artistic or school projects. Students can clean media for presentations, and hobbyists can refine footage for digital art without needing advanced editing skills.

      How Watermark Removal Supports Businesses Businesses rely on polished visuals to maintain professionalism. When preparing internal pitches, product demos, or training materials, watermarks can distract from the message. AI watermark removal allows teams to quickly refine assets before sharing them with colleagues or clients.

      Marketing departments benefit even more. During the early planning stage of campaigns, teams often use watermarked stock footage for layout testing. Removing watermarks allows them to preview edits without distraction before purchasing the final licensed version. This helps them make better design decisions and speeds up the creative process.

      Even small businesses benefit from removing watermarks. Local brands producing ads for social media can clean their visuals to create an impression of high production value, even when working with limited resources.

      Exploring the Video Background Remover Why Backgrounds Matter in Video Editing A video’s background plays a major role in how viewers perceive the subject. A cluttered room, inconsistent lighting, or distracting objects can shift attention away from the intended message. Not every creator has access to a professional studio or a perfectly staged environment, which is why video background removal has become a crucial editing tool.

      A video background remover isolates the subject from the surrounding environment, allowing the user to erase, replace, or blur the background entirely. This process eliminates distractions and helps maintain aesthetic consistency across multiple clips, making it extremely valuable for creators, professionals, and businesses alike.

      How AI Segments Video Subjects Accurately AI video background removers use advanced segmentation models to analyze each frame of a video. These models identify the subject’s outline, map body movements, detect hair and clothing details, and recognize environmental elements that belong to the background. Once the subject is detected, the AI separates them from the environment and tracks their motion as the video plays.

      Because the AI understands how the subject shifts through space, it maintains clean edges and prevents flickering or drifting. Even in fast-moving videos, the system preserves the natural motion of the subject while removing the unwanted background. The result is a clean, polished cutout ready for any creative application.

      Using a Video Background Remover in Practice The workflow is simple: the user uploads their video, selects the option to remove or replace the background, and waits while the AI processes the file. After removal, the background can be replaced with solid colors, custom images, branded designs, or transparent layers suitable for compositing.

      The entire process is completed online, without the need for advanced software or green-screen setups. This level of accessibility opens the door for anyone to produce professional-looking videos from home, the office, or even while traveling.

      How Individuals Benefit from Background Removal Individuals use background removal for a wide range of personal and creative purposes. Social media creators often want videos that look clean and consistent, regardless of where they were filmed. By removing the background, they can instantly create a polished and cohesive aesthetic.

      People creating educational content or video resumes also benefit. Instead of filming in a crowded or unprofessional environment, they can place themselves in a simple, elegant backdrop that suits the message. This flexibility reduces anxiety about finding the perfect filming location and helps creators focus on delivering quality content.

      Background removal also enhances personal projects, such as family videos, digital scrapbooks, or creative short films, allowing users to bring imaginative ideas to life without needing elaborate setups.

      How Businesses Benefit from Background Removal Businesses rely on video to engage customers, communicate with staff, and promote their brand. A clean background helps ensure that the subject remains the center of attention. Companies use background removal to create product showcases, explainer videos, onboarding materials, and ads without requiring a physical studio.

      Sales teams record custom video presentations with branded backgrounds tailored to different clients. Marketing teams reuse clips across platforms by swapping out environments to fit each campaign theme. Remote employees maintain a professional appearance during virtual meetings by replacing distracting backgrounds with company-approved visuals.

      The convenience and flexibility of AI-powered background removal reduce production costs and accelerate content creation timelines, making it an essential tool for modern businesses.

      Where Watermark Removal and Background Removal Converge Although watermark removal and background removal solve different types of problems, using both tools together creates a powerful editing workflow. A video might contain logos, timestamps, or text overlays that distract from the subject. At the same time, the background may not suit the creator’s intended purpose. By removing both, users can produce refined visuals that are visually appealing, brand-ready, and highly adaptable.

      Businesses can refresh older content by cleaning watermarks and replacing outdated backgrounds. Content creators can transform imperfect footage into high-quality material suitable for posting or monetization. Educators can upgrade their video lessons with clearer visuals and more relevant environments. The ability to refine both the foreground and background gives users unprecedented control over the final appearance of their content.

      Conclusion The rise of watermark removers and video background removers represents a major advancement in digital editing technology. These tools remove long-standing barriers that once limited creators, streamlining the process of producing clean, professional, and engaging visual content. By reconstructing missing details and isolating subjects with precision, AI empowers individuals and businesses to work smarter and more creatively.

      Personal users gain the ability to restore memories, craft compelling social media content, and experiment with new ideas without technical challenges. Businesses benefit from faster production cycles, consistent branding, and higher-quality communication materials. As AI technology continues to evolve, these tools will become even more powerful, offering greater accuracy and more intuitive features.

      Watermark removal and background removal are no longer specialized techniques—they are essential components of modern visual storytelling. With AI behind them, creators at every level can transform their media into polished, professional-grade content with ease.

      (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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