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    Sitharaman asks public sector banks to focus on youth; provide cool, simple banking to suit their needs
    I-T department officials discuss roadmap for improving services for taxpayers
    India-UK trade agreement to benefit Haryana's industries and services sector: CM Saini
    FM asks banks to keep pace with youth expectation; calls for outreach campaign from Oct 2
    CCI approves acquisition of certain equity shareholding in Bharti Life Insurance Company by Prudential Corporation Holdings
    Suspicious foreign remittances under I-T department scanner
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    Regional Rural Banks (RRBs) Record Strong Growth in Credit Delivery during FY 2025–26
    METSTO Delivers Adjustable Pallet Racking System Solutions for Warehouses
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    Strengthening Collaboration to Preserve Sovereignty: Collaborative Cash Ecosystems - Global Strategies to Preserve Trust and Sovereignty - Keynote Add...
    SC asks CBI to examine all six allegations of dubious transactions involving Indiabulls
    Cyber fraudsters invent 'boss' scam to target companies; Ahmedabad cops bust international network
    Personal Loan Prepayment Charges: What RBI Rules Say in 2026
    Zeeba Revamps Packaging and Announces Chef Vikas Khanna as Its Global Brand Ambassador
    Paul Merchants Finance Launches Loan Against Silver, Becomes India’s First NBFC to Set Up Exclusive Silver Loan Branches
    CarePass Launches This Independence Day, Bringing Healthcare Savings Across India's Top and Premium Hospitals
    Keralam CM flags off containers from Vizhinjam, marking start of EXIM operations
    Kerala: Fresh ED raids in CMRL-Exalogic Solutions case
    ED raids KPSC office, ex-chairman in veterinary officers hiring 'scam' case
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August 18, 2026
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Youth-focused banking requires public sector banks to deliver personalised digital services, financial awareness, and responsible credit engagement.
Public sector banks are urged to implement sustained youth-focused banking through campus outreach, simple personalised round-the-clock services, dedicated youth support and financial awareness. Engagement should develop long-term relationships beyond account opening while preserving prudential standards. Youth should receive guidance on the formal credit ecosystem, including credit scores, credit history, bank credit products and government credit schemes, to support responsible credit discipline and future financial needs. A dedicated portal may provide a single access point for banking awareness and suitable financial opportunities.
August 18, 2026
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Taxpayer service improvement and litigation reduction guide administrative planning for stronger infrastructure, systems, coordination and future tax department functioning.
Improvement of taxpayer services, reduction of tax litigation, infrastructure strengthening and preparation of an actionable roadmap for future Income Tax Department functioning were considered as operational priorities. Deliberations covered e-HRMS, service matters, reservation policy, systems administration, capacity building, expenditure budgeting, TDS administration, inter-agency coordination, and office infrastructure. Officials identified institutional challenges and priorities for strengthening taxpayer-facing and internal departmental functions.
August 18, 2026
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Duty-free UK market access strengthens export opportunities for Indian goods and services, supporting MSMEs, agriculture, manufacturing and global value-chain participation.
India-UK Comprehensive Economic and Trade Agreement provides duty-free access to the UK market for nearly all Indian exports and may improve the competitiveness of Haryana's manufacturing, agricultural, MSME and services sectors. Preferential access covers products including textiles, engineering goods, auto parts, processed foods and pharmaceuticals, while agricultural exports remain subject to exceptions for sensitive products. The agreement also provides market access across 137 UK services sub-sectors, supporting IT, digital, professional, financial and technical services and facilitating global value-chain participation.
August 18, 2026
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Youth banking outreach promotes campus engagement, financial awareness, responsible credit discipline and long-term access to formal banking services.
Public sector banks are urged to conduct a month-long "Banking for Youth" outreach campaign from 2 October 2026 for persons above 16 years of age. Outreach through educational and skill-development campuses should combine account opening, financial awareness and direct engagement. Banks should develop tailored youth strategies to build long-term banking relationships. Proposed measures include online learning content, lifestyle-linked benefits, dedicated youth banking support, and awareness of credit scores, credit products and government credit schemes. A dedicated youth banking-awareness portal may serve as a single access point for appropriate banking services and financial opportunities.
August 18, 2026
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Competition approval for Prudential's acquisition of equity shareholding in an Indian life insurer supports the proposed insurance-sector combination.
Competition approval has been granted for Prudential Corporation Holdings Limited to acquire certain equity shareholding in Bharti Life Insurance Company Limited. The acquirer is the holding company for its group's insurance and asset-management operations in Asia and supports operations in Asia and Africa. The target is an IRDAI-licensed Indian life insurer.
August 18, 2026
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Foreign remittance certification due diligence faces nationwide verification targeting shell entities, their controllers, and certifying professionals.
Nationwide verification of suspicious outward foreign remittances targets entities with little or no reported business activity, their controllers, and professionals issuing tax determination certificates. Scrutiny concerns remittances disproportionate to reported turnover, inconsistent with stated purposes, or linked to entities not operating from declared addresses. Form 15CB, or Form 146 under the corresponding framework, requires certifying accountants to assess taxability from books of account and relevant records, supporting tax deduction at source and treaty compliance through due care, diligence and professional judgment.
August 18, 2026
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Fair Price Shop regulation introduces graded stock-shortage penalties, mandatory FIRs for major discrepancies, and restructured licensing requirements.
Fair Price Shop regulation introduces quantity-based penalties for stock discrepancies, ranging from performance-guarantee forfeiture and replenishment obligations to interim suspension, cancellation-related action and mandatory FIR registration for major shortages. Repeated or deliberate diversion or manipulation of public distribution supplies may lead to cancellation, blacklisting and FIR registration. Licensing now includes continuing regular licences and short-term temporary licences, with wider eligibility, points-based selection, card-linked performance guarantees and compulsory approved e-PoS, weighing-scale and iris-scanner use.
August 18, 2026
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Priority sector lending strengthened rural credit access through agricultural, micro-enterprise and weaker-section finance, reinforcing financial inclusion and sustainable development.
Regional Rural Banks expanded rural credit delivery while maintaining strong Priority Sector Lending performance during FY 2025-26. Almost all Regional Rural Banks met the prescribed overall priority-sector target. Agriculture and allied activities remained the largest priority-sector component, with farm credit accounting for nearly all agricultural lending. MSME finance predominantly supported micro enterprises, rural entrepreneurs, artisans and small businesses. Lending to weaker sections and finance for housing, education, renewable energy and social infrastructure promoted inclusive access to institutional credit and sustainable rural development.
August 18, 2026
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Adjustable pallet racking systems support customised, scalable warehouse storage through configurable layouts, safety assessment, installation and lifecycle support.
Adjustable pallet racking systems are configurable warehouse-storage solutions for varied inventory dimensions, weights and product types. They support bulk pallet storage, multi-level picking and high-density configurations through adjustable beams and shelves, load-bearing capacity, structural durability and space-efficient layouts. Storage configurations are customised after assessing inventory dimensions, payload requirements, available space and material-movement frequency, with support for design, installation, inspections and after-sales service.
August 18, 2026
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Domestic consumption expansion targets lower-tier markets through improved retail channels, distribution networks, employment support and household income opportunities.
China has introduced measures to strengthen domestic consumption in counties, smaller cities, townships and rural areas. The measures include upgrading township commercial centres, rural markets and local fairs; encouraging domestic and international brands to establish regional debut stores; and reusing existing land resources to improve services. They also seek better services for elderly persons and children, stronger urban-rural distribution networks, county-level employment and resident income channels. The strategy supports a shift towards household consumption amid weak domestic demand, property-sector pressures and subdued consumer sentiment.
August 18, 2026
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Currency management preserves monetary sovereignty through clean notes, secure logistics, decentralised distribution, durable banknotes, and sustainable cash-cycle operations.
Currency management supports trust in cash and monetary sovereignty through demand planning, secure production, distribution, replacement, and disposal. The Clean Note Policy requires good-quality banknotes to be available in required denominations and locations, with unfit notes continuously withdrawn and replaced. A decentralised Currency Chest network distributes fresh currency, processes returned notes, supports linked bank branches, and operates under licensing, real-time reporting, inspection, and audit requirements. Current priorities include managing uncertain cash demand, improving note durability, and reducing the carbon footprint of the cash cycle.
August 18, 2026
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Independent investigation of alleged dubious transactions requires examination of all six allegations despite prior police conclusions.
Investigation into alleged dubious transactions involving Indiabulls Housing Finance Limited and related entities must cover all six allegations identified by the Enforcement Directorate. The CBI must independently examine five allegations previously reviewed by the Delhi Police Economic Offence Wing, irrespective of its conclusion, and submit a comprehensive report. Further investigation into the sixth allegation depends on the special PMLA court deciding the CBI's pending application, after which the CBI must provide a progress or status report.
August 18, 2026
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Boss scam prevention requires independent verification of payment requests and avoidance of malicious WhatsApp attachments that enable executive impersonation.
Boss scam, or CEO impersonation fraud, uses malicious WhatsApp attachments and impersonation of regulatory officials or company executives to obtain control of WhatsApp sessions and issue fraudulent payment instructions. The alleged network supplied SIM cards, dummy SIMs, WhatsApp accounts and one-time passwords to cyber-fraud operators, illustrating a Cybercrime as a Service model. Preventive measures include avoiding suspicious ZIP, executable, library and APK files and independently verifying all financial-transfer requests.
August 18, 2026
Show AI Summary
Floating-rate personal loan prepayment protections prohibit charges and compulsory lock-ins for qualifying individual non-business borrowers from 2026.
Prepayment charges are prohibited for part or full repayment of qualifying floating-rate loans availed by individual borrowers for non-business purposes and sanctioned or renewed on or after 1 January 2026. Compulsory lock-in periods cannot restrict prepayment of such loans. Fixed-rate personal loans may still attract prepayment or foreclosure charges under lender policy and contractual terms. Borrowers should check the loan's rate type, sanction letter, loan agreement and key fact statement, where applicable, and compare applicable charges with potential interest savings before early repayment.
August 18, 2026
Show AI Summary
Premium Basmati rice positioning drives Zeeba's packaging refresh and ambassador-led campaign focused on quality, authenticity and domestic expansion.
Zeeba has refreshed its packaging and appointed Chef Vikas Khanna as global brand ambassador to support expansion in India. Its "Aisa Basmati Nahi Dekha" campaign positions the brand around export-quality Basmati rice, consistency, authenticity and a superior culinary experience. Promotional activity will extend across digital, retail and consumer touchpoints. The premium Basmati range is described as carefully sourced, naturally aged and processed according to global quality standards, with emphasis on grain quality, authentic taste, purity and consistency.
August 18, 2026
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Silver-collateral lending creates a formal secured-credit channel for eligible borrowers, subject to regulatory requirements and lender policies.
Loans against silver collateral have been introduced following the Reserve Bank of India's Lending Against Gold and Silver Collateral Directions, 2025, enabling eligible regulated lenders to accept silver as security. The offering provides a formal and transparent credit channel against eligible silver jewellery, ornaments and approved silver coins. It is intended for individuals, proprietors and MSMEs requiring liquidity for personal, business and other legitimate financial needs, subject to lending policies and applicable regulatory requirements.
August 18, 2026
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Healthcare discount membership provides instant savings on out-of-pocket care at participating premium providers without insurance claims or paperwork.
CarePass is a healthcare savings membership card providing instant point-of-billing discounts at participating premium healthcare providers across India. It covers out-of-pocket spending on hospital treatment, diagnostics, dental, vision, dermatology, hair and skin care, and IVF and maternity services, without claim processing, waiting periods or paperwork. Members present a digital CarePass at a participating provider to receive the applicable discount. Four membership tiers offer differing benefits, with higher tiers including tele-consultations and annual health checks. CarePass is a discount membership and not an insurance product.
August 18, 2026
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EXIM operations at Vizhinjam commence with container movement, supported by investor facilitation, infrastructure backing and port-led logistics development.
EXIM operations at Vizhinjam international seaport commenced with the flagging off of two containers after a successful trial export shipment. The state government proposes investor engagement, regulatory facilitation and infrastructure support to expand global export activities through the port. Mission Samudra is to operate as a port-led industrial and logistics development scheme. The deep-water port was developed under a public-private partnership model and had received commercial commissioning certification.
August 18, 2026
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Money-laundering investigation under PMLA expands through searches into alleged consultancy payments linked to CMRL and Exalogic Solutions.
Money-laundering investigation under the Prevention of Money Laundering Act involves fresh searches connected with Cochin Minerals and Rutile Ltd and Exalogic Solutions. The inquiry concerns alleged fraudulent payments made under the guise of IT consultancy services and a purported money trail involving persons allegedly connected with those transactions. The action follows earlier searches and questioning in relation to the same matter.
August 18, 2026
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Recruitment examination irregularities trigger money-laundering investigation into alleged bribery, paper leaks, answer-sheet tampering, and preferential veterinary officer selections.
Money-laundering investigation under the Prevention of Money Laundering Act concerns alleged irregularities in veterinary officers' final selection through a public recruitment examination. Searches covered premises linked to commission officials, alleged intermediaries, the digital evaluation entity, and selected candidates. Allegations include bribery demands, examination-paper leakage, OMR answer-sheet tampering, and facilitation of selection for relatives of commission officials.

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Architects of Progress: Celebrating India's Most Influential Knowledge Leaders

December 24, 2025

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CHANDIGARH, India, Dec. 24, 2025 /PRNewswire/ -- Kiteskraft Productions LLP proudly honors ten exceptional professionals whose vision, dedication, and innovation are shaping India's evolving knowledge ecosystem across diverse fields. Extending far beyond traditional roles, they stand as mentors, thought leaders, and catalysts of transformation—championing creativity, critical thinking, ethical leadership, and social responsibility. Through impactful contributions in their respective professions, leadership initiatives, and community engagement, these distinguished individuals inspire generations to think boldly and act purposefully. Their work leaves a lasting imprint on society, affirming their role as true architects of progress and guiding forces for the nation's future across all professional domains. Dr. Nit!n Gupta: Based in Delhi, Dr. Nit!n Gupta is a leading name in Corporate Numerology and Vastu Consultancy, known for helping businesses and individuals unlock growth through energetic alignment. With years of experience across Corporate Numerology and Corporate Vastu, he has guided clients in four continents, enabling many to achieve 5x to 10x business expansion. His practice is founded on the principle that aligned numbers, names, and spaces can significantly influence clarity, success, and wellbeing. Serving entrepreneurs, startup founders, high-net-worth individuals, and senior corporate leaders, he blends ancient Indian occult sciences with modern business insight. Backed by strong academic credentials and professional certifications, his personalized, ethical approach delivers practical solutions that support sustainable success, balance, and informed decision-making in today's competitive world. Dr. Ananya Dasgupta: Dr. Ananya Dasgupta is a distinguished educator, writer, social reformer, and environmental advocate committed to education, empowerment, and sustainable development. She has actively championed mental health awareness, skill development, and solar energy initiatives, empowering youth, women, and marginalized communities. As a dedicated teacher and principal, she inspired generations of students and earned accolades including the Best Teacher Award and national recognition in music. Her contributions have been honored with the Super Woman 2025 Award, the Swami Vivekananda Global Peace Award, and the SDG Impact Award conferred by UN ECOSOC at the Bangkok UN Headquarters. She has represented India at UN Women, RIO+20, and the World Renewable Energy Congress. Having traveled solo across twelve countries, her exposure shapes her vision globally. Dr. Rajasekaran Samykan: Algaven PhycoGen Private Limited is rapidly emerging as one of India's most dynamic biotechnology and green innovation enterprises, redefining the intersection of science, sustainability, and entrepreneurship. Formerly known as JE JE Enterprises Private Limited, the organisation operates across algae biotechnology, nutraceuticals, controlled-environment agriculture, natural products, and rural skill development. At the core of this growth is visionary leadership under Rajasekaran Samykan, Founder and Chief Executive Officer, whose decade-long commitment to nature-based innovation has helped build a scalable, impact-driven ecosystem. The company's mission integrates women empowerment, rural livelihood creation, and alignment with global Sustainable Development Goals. Through research-led products, waste-to-wealth models, and structured training programs, Algaven PhycoGen is positioning India as a global hub for sustainable biotechnology and green entrepreneurship worldwide. Ms. Parvathy Ananthanarayanan: Parvathy Ananthanarayanan Mangala (born 3 February 1990), widely known by her pen name Ram SwaRajya, is an Indian author, content writer, and cultural storyteller whose work bridges spirituality with contemporary life. Based in Ayodhya (Uttar Pradesh), she is the founder of the Ram SwaRajya Library, a self-funded initiative dedicated to distributing value-based literature free of cost. Her writing is noted for emotional depth, clarity, and strong grounding in Indian cultural traditions. Drawing inspiration from her roots in Maharashtra and Kerala, she creates reflective narratives that promote mindful living, compassion, and ethical purpose. Through books and digital platforms, she continues to inspire readers to reconnect with heritage while navigating modern realities with awareness and balance across generations worldwide today consistently. Dr. Brajadulal Chakrabarti: Dr. Brajadulal Chakrabarti is a distinguished scholar, visionary, and humanitarian whose life reflects perseverance, intellect, and service. Born into a modest yet deeply scholarly family, he was inspired by his father, Pandit S. M. Chakrabarti, a National Award–winning teacher honoured by President Dr. S. Radhakrishnan. Guided by these values, he pursued an exceptional academic journey, earning degrees in Sociology, Science, Management, and a Ph.D. in Management, alongside several technical diplomas. With decades of experience as an educator, industrial trainer, and General Manager in the Directorate of Industries, Government of Tripura, he also contributed to private-sector advancement with the SPACETECH Group. A prolific author, his acclaimed works reflect deep intellectual and spiritual insight. He continues to remain active in yoga, research, writing, and human development initiatives. Mr. Manu Siddhartha: Manu Siddhartha: Bridging Artificial Intelligence and Ancient Wisdom Manu Siddhartha, a Senior AI professional and acclaimed spiritual author, has beautifully merged analytical precision with deep devotion through his Unlocked series, including Shiv Puran Unlocked and Shiv Gita Unlocked. Guided by years of Sadhana and the teachings of saints, he decodes ancient Hindu scriptures into simple, practical lessons for modern life. His globally streamed Shiv Puran Podcast—available on Audible, Spotify, and Apple Music—explores Lord Shiva's wisdom as a guide to awareness, balance, and strength. Honored with the Charles Dickens Gold Medal, Golden Book Award 2026, and Sahitya Sparsh Award 2026, he continues to inspire seekers worldwide, bridging AI and spirituality to reveal that both ultimately pursue the same truth: understanding consciousness and inner transformation. Dr. Hemam Sangeeta Devi : Dr. Hemam Sangeeta Devi, born in Moirang, Manipur, began her education at Government Girls' High School and Moirang College. She earned her BSc and MSc in Nursing (Medical-Surgical) from Dr. MGR University, Chennai, later completing her PhD in Nursing from the Indian Management Academy and a Master's in Hospital Administration from Manipal University. Currently, she is serving as a Principal at SEA College of Nursing, Bangalore, a Fellow Member of CEGR, Research Guide under RGUHS, and Life Member of TNAI. She has organized many national and international academic events and published research papers. Certified in NLP, Reiki, Lama Fera, Hypnosis, and Life Coaching, she has empowered over 550 individuals through holistic healing, integrating nursing with alternative therapies to nurture body, mind, and soul. Mr. A. J. S Prakash: Mr. A. J. S. Prakash is a visionary technocrat and education strategist with over three decades of experience spanning software training & development, education management, and entrepreneurship. He is widely recognised for introducing innovative educational technologies and scalable business models that have reshaped preschool and K–12 institutions across India. Through franchise-led and company-owned frameworks, he has helped build academically strong and financially sustainable schools. Many professionals mentored by him have gone on to hold leadership positions in reputed organisations, reflecting the depth of his guidance and influence. Beyond corporate success, he remains deeply committed to social responsibility, consistently supporting underprivileged students and children with special needs. Driven by ethics, empathy, and long-term vision, he continues to play a significant role in advancing the education ecosystem. Dr. Rajesh Luthra: Dr. Rajesh Luthra, born on 5th November 1968 in Durgapur, is a distinguished leader in Supply Chain, Strategic Sourcing, Manufacturing and Operations with over three and half decades of expertise. An alumnus of REC Kurukshetra (B.Tech Hons), MBA, and IIM Bangalore, he further enhanced his knowledge as a VLFM Graduate from CII and JAICA, specializing in VSME, Capacity Planning, Supply Chain and Operations. Currently, he serves as the Business Head at Victura Technologies, driving growth and innovation. Previously, he held pivotal leadership positions with Escorts Kubota and TAFE EICHER , contributing significantly to operational excellence. In recognition of his professional achievements and leadership, he was conferred with an Honorary Doctorate in 2025. His career reflects a blend of technical acumen, strategic vision, and a passion for advancing the manufacturing sector and Adoption of Best Technology at Optimum Cost . Prof. Dr. Madan Chandra Karan: Prof. Dr. Madan Chandra Karan is a renowned educationist and internationally acclaimed writer whose contributions to literature and academia have earned global recognition. With academic credentials including MA, MPhil, PhD, and multiple honorary D.Litt titles, he is widely respected for his scholarly depth and creative excellence. Writing fluently in Bengali, Hindi, and English, he has authored several acclaimed works such as Jannater Samsar, Madan Manjari, The Communalism and Counter Communalism, Adrishya Pira, and The Unseen Agony. His writings reflect strong human values, social consciousness, and cultural harmony, many of which have been translated into other languages. Honored with prestigious national and international awards from India, the UK, USA, Germany, and Bangladesh, he continues to inspire readers, scholars, and students worldwide. About Kiteskraft Productions LLP Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: https://mma.prnewswire.com/media/2851448/Knowledge_Leaders_Kiteskraft.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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