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    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'
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    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
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    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
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    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
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    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
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    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
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    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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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
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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
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    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    August 7, 2026
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    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.

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      Experiential Luxury Meets an Intimate Journey of Restoration: The Postcard Ayurveda Retreat, Old Goa - A Sitaram Ayurveda Experience

      January 7, 2026

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      The Postcard Hotel aligns with Sitaram Ayurveda’s century-long healing tradition to nurture lifelong wellbeing and balance at this first of its kind retreat New Delhi, Delhi, India (NewsVoir) Building on its legacy of creating transformative experiential luxury holidays, The Postcard Hotel has announced the opening of its latest hotel in a UNESCO-celebrated enclave of history and heritage - The Postcard Ayurveda Retreat, Old Goa – A Sitaram Ayurveda Experience. Overlooking hundreds of acres of tranquil reserve forests, this first of its kind private sanctuary is entirely dedicated to wellness – in collaboration with Sitaram Ayurveda’s 104-year tradition backed by deep knowledge around the healing science of Ayurveda. In a world filled with constant noise and distraction, the property invites discerning guests to pause, listen inward, and reconnect with their own rhythm. Every stay here is an intimate journey of restoration, where authentic Ayurveda supports each guest’s unique path to better health and lifelong wellbeing.

      “With The Postcard Ayurveda Retreat, we have created a pioneering wellness sanctuary in India that offers a comprehensive experience to address unique lifestyle needs and concerns of each guest. The stays here start from minimum 7 nights and are all-inclusive healing journeys focused on providing highly personalised programmes for medical wellness, rather than a recreational leisure escape. In essence, the retreat seamlessly combines transformative experiential luxury with authentic Ayurveda for deep restoration,” says Kapil Chopra, Founder and Chief Executive Officer, The Postcard Hotel. “In an industry-first collaboration with Sitaram, our intimate retreat supports long-term health, balance and wellbeing by integrating their century-old healing legacy of Ayurveda – with the calm of nature, thoughtful design, nourishing cuisine, and perceptive service offered by The Postcard Hotel,” adds Chopra.

      Dr. Vignesh Devraj, MD (Ay), Founder and Chief Physician, Sitaram Retreats, adds, “The Postcard Ayurveda Retreat represents a meaningful convergence of place, purpose, and healing. At its core, Ayurveda is about restoring balance and tapping into the body’s innate potential to heal. Our retreat harmonises these ancient principles with guided consultations, medical insights and personalised care at every step of the tailored wellness programmes. We offer guests a holistic path to recovery and renewal in the privacy of their own space, as they reconnect with themselves and cultivate a path to better health and balance.” Surrounded by pristine forests in Old Goa, the retreat encourages quiet reflection. At the heart of this estate stands a magnificent 300-year-old banyan tree, that defines the sense of place and atmosphere of calm. With only six thoughtfully designed rooms, it offers ultimate privacy where healing unfolds at an unhurried pace. The sunlit rooms rest beneath a canopy of trees, each with a private balcony overlooking lush gardens and the valley beyond.

      “The sense of stillness and seclusion of Old Goa has been the focal point of conceptualising The Postcard Ayurveda Retreat. Enveloped by forests and open to light, air, and nature – the spaces have been intentionally designed to slow the senses, allowing guests the freedom to turn inward and experience healing at their own pace,” adds Kapil Chopra.

      Transformative hospitality with an authentic Ayurveda experience Beyond its serene setting, the retreat offers a deeply immersive journey into authentic Ayurveda. Each stay starts with a personalised consultation with resident physicians, who then create a programme tailored to individual constitutions (doshas) and health needs. Attentive care and medical insight at every step – offer each guest a curated path towards balance, wellbeing, and lasting renewal. This is not a conventional holiday, but a careful immersion into Ayurveda – where every element of each day from treatments to diet to rest is carefully crafted.

      Each wellness journey ranges from 7 nights to 14 or 21 nights, and unfolds at a gentle pace to support deep healing and balance. Mornings begin with traditional Ayurvedic rituals, mindful nature walks, and soulful yoga sessions, setting a calm and grounded tone for the day ahead. Then guided one-on-one consultations with resident doctors, are followed by treatments that may include healing massages, cleansing therapies, meditations, and holistic wellness sessions. Restorative dining is an integral part of each guest’s healing journey, tailored to individual doshas and guided by Ayurveda’s principle that food is medicine. Prepared in consultation with physicians – all nourishing meals served at specific times of the day highlight fresh seasonal produce, and can be enjoyed in serene pavilions that open to the Mandovi River.

      The all-inclusive packages at The Postcard Ayurveda Retreat offer a comprehensive wellness experience. Recommended stays start from 7 nights at an inaugural price of INR 3,40,000 for single occupancy, and INR 4,50,000 for double occupancy. Guests can also opt for longer stays of 14 to 21 nights for more long-term recovery and deeper restoration. Prices are inclusive of taxes, cover airport transfers and all aspects of the stay including – daily meals and beverages, prescribed treatments and medications during the stay, private doctor consultations, and yoga sessions.

      Rooted in the essence of Ayurveda, personalised stays at The Postcard Ayurveda Retreat are not only for those looking for treatments, but also guests who are seeking good health – to strengthen immunity and restore long-term balance.

      About The Postcard Hotel Kapil Chopra, along with a team of seasoned luxury hoteliers including Akanksha Lamba, Anirudh Kandpal, and Raman Bansal, embarked on a visionary journey to create extraordinary experiences for discerning travellers. In December 2018, they unveiled The Postcard Hotel – a brand driven by boldness and ambition, committed to redefining the rules and elevating the standards of experiential luxury. The Postcard Hotel is now opening 8 new hotels in the next 12 months making it the fastest growing uber luxury hotel brand in the world.

      Today, The Postcard Hotel’s growing collection spans India and beyond. In Goa, its four retreats – Old Goa, Saligao, Cuelim, and Hideaway – capture the region’s charm, while The Postcard on the Arabian Sea offers sweeping oceanfront serenity. In Gujarat, The Postcard Gir Wildlife Sanctuary immerses guests in the land of the Asiatic Lion, and The Postcard Mandalay Hall in Kochi brings art and heritage together in an evocative setting. Further afield, The Postcard in the Durrung Tea Estate, Assam, and The Postcard in the Himalayan Willows, Leh, offer uncharted adventures and tranquil escapes. Internationally, the brand extends its philosophy through The Postcard Dewa in Thimphu, Bhutan, and The Postcard Galle in Sri Lanka – each a celebration of place, culture, and understated elegance.

      For more brand and hotel information , please view the hotel factsheet here, or visit the website and Instagram handles @thepostcardhotel and @thepostcardayurvedaretreat.

      About Sitaram Ayurveda Founded in 1921, in Kerala, India – Sitaram Ayurveda began as Sitaram Anglo Ayurveda Pharmacy – with a mission to provide education and accessible Ayurvedic healthcare to all. With the support of royal patrons, inspiration from the Punkunnam Sitaramaswamy Temple, and dedication of pioneering founders – Sitaram became India’s first Ayurvedic joint-stock company, established in Thrissur. Over a century later, its legacy continues to be trusted across generations, guided by tradition, and renewed through science.

      With 104 years of tradition, Sitaram Ayurveda is a living, evolving ecosystem rooted in the timeless wisdom of Ayurveda – from in-house Ayurvedic medicine manufacturing and a dedicated R&D team that continuously innovates, to experienced Ayurvedic doctors who guide every formulation. The company’s name embodies Ayurvedic ideals: ‘Sita’ referencing abundance/harvest, and ‘Ram’ indicating rest and wellbeing.

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

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