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    Rupee falls 8 paise to 95.25 against US dollar in early trade
    APEDA Facilitates First-Ever Export of GI-tagged Mithila Makhana by Sea Route from Bihar to Australia
    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
    No Charges for UPI Users
    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
    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
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    August 10, 2026
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    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
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    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
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    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
    Show AI Summary
    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
    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
    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.

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      Reviving the Past with AI: How Old Photo Restoration and Image Extenders Are Redefining Memory Preservation

      December 16, 2025

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      Photographs are more than images; they are fragments of personal history, cultural identity, and emotional connection. Every old print tucked inside a family album or stored in a wooden box carries a unique story. Some photos capture joyful celebrations, others show quiet everyday moments, and many document the faces of loved ones who are no longer here. But time, unfortunately, is unkind to physical photographs. The paper yellows, ink fades, corners tear, and environmental exposure erodes the clarity that once defined these memories. What was once a vibrant portrait becomes a blurred or damaged snapshot of the past. Today, artificial intelligence has introduced a remarkable solution to the fragility of printed memories. AI-powered old photo restoration online free and AI image extender have become powerful tools that allow people to restore, rebuild, and even enhance historical photos. These technologies not only revive details long lost to time but also expand images in ways that preserve integrity while adapting them for modern uses. Through restoration and extension, AI is reshaping the way families, archivists, and businesses preserve visual heritage.

      Understanding the Purpose of Old Photo Restoration The Natural Decline of Physical Photographs Even when stored in ideal conditions, physical photographs deteriorate gradually. Heat and humidity accelerate chemical reactions in the paper and ink. Dust, oils from handling, and friction cause scratches and smudges. Folds or creases distort backgrounds and faces. Excessive sunlight fades images until once-distinct edges blur into indistinguishable shapes. Some photos even lose entire sections because of mold, water damage, or simple wear and tear.

      Old photo restoration exists to counter these effects. It aims to bring damaged or faded images back to life by repairing imperfections, rebalancing color and contrast, and reconstructing missing details. Traditionally, this required trained artists manually retouching each image. While highly effective, it was slow and costly, limiting access for many families and organizations.

      How AI Restores Photos with Unprecedented Accuracy Artificial intelligence has transformed photo restoration by automating complex repair work. When an old image is uploaded into an AI restoration tool, the system analyzes its structure pixel by pixel. It identifies damage such as cracks, stains, wrinkles, graininess, and missing fragments. It also evaluates lighting imbalances, color fading, blur, and distortion. Using this information, the AI reconstructs a clearer version of the photo.

      Because AI models are trained on vast datasets containing millions of faces, environments, and textures, they understand what a clean, undamaged image should look like. If a face is unclear, the AI can sharpen facial features, restore symmetry, rebuild missing lines, and adjust tones without altering the identity of the person. If a background is damaged, the AI intelligently recreates the scenery in a way that feels authentic to the original time period.

      Restoration becomes both scientific and artistic, driven by data yet grounded in emotional significance.

      How People Use Restoration Technology AI restoration tools are designed to be simple enough for everyday users. Someone scans an old photo or takes a clear picture of it using their phone. Once uploaded, the AI handles everything automatically, repairing decades of damage in seconds. The transformed image is then ready to download, print, store digitally, or share with family.

      This instant accessibility encourages people to preserve entire collections rather than just a few photos. Boxes of aging prints can be revived, digitized, and shared across generations. Families that once believed their history was lost to time can now rediscover faces and moments they had forgotten.

      Why Individuals Depend on Photo Restoration Old photo restoration holds tremendous emotional value for individuals. Many people inherit collections of photos that are fragile, incomplete, or nearly unrecognizable. Restoring these images helps reconnect families with their past. It allows children and grandchildren to see ancestors clearly and understand their lineage more deeply. Restored images can be displayed proudly during family gatherings, memorials, celebrations, or storytelling sessions.

      People also use restoration for digital archiving. Modern life demands that memories be preserved in formats compatible with future technologies. By restoring old prints and converting them into high-quality digital files, individuals protect their stories from being lost.

      Restoration often becomes a bridge between generations, helping preserve identity, heritage, and emotion.

      Why Organizations and Archives Benefit from AI Restoration Institutions such as museums, libraries, historical societies, and news agencies often house vast collections of aging photographs. These images document cultural events, societal transformations, and personal histories. Restoring them helps preserve important narratives that would otherwise fade.

      AI allows these institutions to restore enormous archives quickly without overwhelming manual labor. Once digitized and restored, the images become valuable resources for exhibitions, research, publications, and educational projects. Businesses also use restored images in marketing materials, anniversaries, documentaries, and heritage storytelling.

      Restoration strengthens both historical knowledge and corporate identity.

      Exploring the Role of Image Extenders in Photo Revival Why Many Photos Need Extension Restoration repairs what is already present, but many old photos suffer from incomplete edges or missing areas. Corners may be torn away. Frames may crop images too tightly. Scanners may cut off important sections. Some users may want to adapt a photo to fit a new format—such as a widescreen display, a photobook layout, or a digital frame—without losing the original composition.

      An AI image extender solves these issues by expanding the image beyond its original boundaries. Instead of stretching or distorting the existing content, the AI generates new background, texture, color, and detail that seamlessly matches the original.

      Image extension transforms damaged or constrained photos into complete, visually balanced pieces.

      How AI Extends Images Naturally Image extension begins with the AI analyzing the existing visual elements—the direction of light, the variation in color, the pattern of textures, the lines and shapes within the image. It identifies the logical continuation of elements such as curtains, floors, skies, landscapes, clothing, or walls. Once the AI understands the structure, it generates entirely new content that fits perfectly into the surrounding areas.

      If an old portrait is missing the bottom edge, the AI reconstructs the clothing and background. If a landscape photo is cut off at the sides, the AI expands the scenery to build a wider view. If a group photo has a torn section, the AI restores the missing portion without altering the appearance of the people.

      This intelligent continuation allows even severely damaged photos to regain balance and symmetry.

      How Users Apply Image Extension Users interact with image extenders much like restoration tools. After uploading a photo, they choose which sides of the image they want to extend. The AI processes the request and produces a new image with a broader canvas or reconstructed edges. The user can accept the result or regenerate it for variation.

      This ease of use empowers individuals and designers to adapt any photo for creative or functional purposes. Whether preparing prints, designing layouts, or repairing damage, image extension offers flexibility that aligns with modern digital needs.

      Why Individuals Use Image Extenders Individuals rely on image extension for both sentimental and creative reasons. Old photos that are incomplete can finally be restored to full shape. Family portraits that feel cramped can gain breathing room. Scenic landscapes can be expanded to capture the grandeur intended by the original photographer.

      People creating memory books or digital slideshows find image extension especially useful. Modern printing and display formats often require specific dimensions, and extending an image ensures the entire photo remains intact without cropping out meaningful elements.

      The tool offers artistic freedom and emotional fulfillment.

      Why Businesses and Archives Use Image Extenders Organizations also find tremendous value in image extenders. Archives and museums use them to reconstruct damaged historical materials for display purposes. Publishers extend images to fit magazine layouts or book covers. Marketing teams extend backgrounds to add text, branding, or design elements without covering important subjects.

      Photographers use extension tools when clients request larger prints than the original framing allows. Real estate companies extend property images to make room for descriptive information. In each case, the extender provides practical, professional results that elevate visual presentation.

      The Combined Power of Restoration and Extension Old photo restoration and image extension are especially powerful when used together. Restoration enhances clarity, repairs damage, and revives the emotional essence of the image. Extension completes the composition, expands the visual narrative, and prepares the photograph for modern uses.

      A photo that once seemed beyond repair can be transformed entirely. A torn family portrait can be restored, extended, printed, and proudly displayed. Historical documents can be revived and adapted for exhibitions. Personal memories can be preserved with integrity and shared widely across generations.

      Together, these two technologies transform not just images but the stories behind them.

      Conclusion Artificial intelligence has reshaped how we preserve the past. Old photo restoration and image extension offer powerful, accessible solutions for reviving damaged, faded, or incomplete photographs. They allow individuals to reconnect with their roots, families to preserve cherished memories, and organizations to protect cultural heritage.

      These tools make restoration faster, more accurate, and more affordable than ever before. As AI continues to evolve, the possibilities for reconstructing and enhancing historical images will only expand. With restoration and extension working hand in hand, memories once thought lost can be revived, renewed, and celebrated for generations to come.

      (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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