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    PM Jan Dhan Yojana Completes 12 Years of Transforming India’s Financial Inclusion Landscape
    Rassense Becomes First Indian CFS Company to Cross 5,000+ Employees; On Track to Cross INR 600 Crore in Revenue
    SVC Bank's Nationwide Cyber Safety Drive Reaches Over 19,061 Citizens Across 213 Housing Societies
    'Not haircut but mundan': Cong on NCLT clearing Subhash Chandra's Rs 6.5 crore payout
    Keralam: Escaped Assam prisoner reaches police station for Aadhaar card, flees again
    Women's Savings Account: Features that make opening one worth it
    Best Pension Plans and Annuity Plans in India 2026: A Full Comparison
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    Minister of State for Commerce and Industry and Electronics & Information Technology Shri Jitin Prasada Concludes Official Visit to Morocco; Co-Chairs...
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    Hoping to work towards further expanding scope of India-Japan trade pact: Goyal
    Bajaj Finance Personal Loan Offers Limited-Time Rewards During Loan Utsav 2026
    Commerce and Industry Minister Shri Piyush Goyal Highlights India’s Growing Startup Ecosystem at India–Japan Startup Roundtable in Tokyo
    Sugar prices rise again by Re 1 per kg to Rs 65 in retail market
    SIDBI organizes a conclave of the Heads of Regional Rural Banks (RRBs) on expanding SIDBI-RRB MSME Co-Lending arrangement
    SC sets aside show cause notice to Tata Steel over input tax credit availed during FY19-23
    HC flags fraudulent use of Aadhaar by infiltrators to get Indian citizenship; calls for action
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    India to be among top 5 Nestle markets in coming years, a major export hub : Global CEO
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August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.
August 27, 2026
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Contract food services expansion strengthens Rassense's nationwide institutional operations through new academic partnerships and technology-led service delivery.
Rassense Pvt Ltd reports crossing a workforce of more than 5,000 employees and projects revenue exceeding INR 600 crore. Its contract food services operations serve educational institutions, corporate campuses, healthcare facilities and industrial locations. New operations at IIM Jammu, IIM Bangalore and IIT Guwahati strengthen its nationwide institutional presence. Expansion is supported by academic institution partnerships, local workforce development, operational excellence, and technology-led capabilities in food production, food waste reduction and supply-chain management.
August 27, 2026
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Cyber fraud awareness promotes safe digital banking by teaching customers to verify communications, protect credentials, and report suspicious transactions.
Cyber-fraud awareness and digital banking safety were promoted through community sessions addressing phishing, impersonation, OTP and UPI fraud, QR-code scams, digital-arrest fraud, and fraudulent customer-care calls. Participants were guided to identify authentic banking communications, avoid sharing confidential credentials, verify callers and links before acting, and promptly report suspected unauthorised transactions. Customer vigilance, financial literacy, and institutional security measures were emphasised as complementary safeguards against digital financial fraud.
August 27, 2026
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Personal insolvency repayment plans may be approved despite minimal creditor recovery when requisite voting support and comparative valuation support them.
Personal insolvency repayment plan approval was granted under the Insolvency and Bankruptcy Code, 2016, despite objections that creditor recoveries were negligible and the proposed payment uncertain. The plan received 80.81 per cent voting support, while dissenting creditors held less than 20 per cent voting share. Valuation showed that the debtor's personal estate was materially below the offered amount, and rejection could result in bankruptcy and lower recovery. Assessment of settlement adequacy was treated as a matter of creditor commercial wisdom.
August 27, 2026
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Prison escape security lapses prompt coordinated tracing measures, transport monitoring, inter-state alerts, and a detailed custodial-security inquiry.
Prison escape and custodial-security lapses arose after a detainee escaped from Aluva Sub Jail, allegedly by using an under-construction structure within the premises to cross the compound wall. Following his later appearance at a police station seeking return of his Aadhaar card, search measures included a lookout circular, information sharing with police stations, railway-security coordination, and alerting police in Assam. A detailed inquiry has been initiated into the prison-security deficiencies enabling the escape.
August 27, 2026
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Women's savings account selection depends on practical benefits, charges, eligibility, and banking needs rather than the account label.
Women's Savings Accounts may provide standard banking facilities together with additional services or benefits for eligible women. Their suitability depends on practical use of digital banking, transfers, payments, alerts, debit-card facilities, accessibility, security features, charges, and minimum-balance conditions. Since regular Savings Accounts may offer comparable facilities, the additional benefits should be assessed against associated costs and conditions. Selection should be based on comparison of eligibility, facilities, balance requirements, benefits, customer support, and authentication safeguards rather than the account's women-focused label alone.
August 27, 2026
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Retirement annuity selection prioritises payout structure, taxation, insurer strength and flexibility over brand comparison for informed retirement decisions.
Retirement planning may combine market-linked accumulation during working years, deferred annuities that lock future guaranteed income, and immediate annuities that convert retirement savings into regular payments. Annuity choice depends on whether the priority is higher income, continuation for a surviving spouse, or return of capital on death. Product comparison should consider market-linked growth versus income certainty, taxation of annuity income at applicable slab rates, insurer strength, and flexibility in deferment, payout frequency and policy loans.
August 27, 2026
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Foreign exchange inflows through deposit and borrowing measures provided near-term rupee support amid lower crude prices.
Reserve Bank special measures relating to FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings were identified as attracting foreign-exchange inflows and providing near-term support to the rupee. The Reserve Bank became a net dollar buyer in June after two months of sales to support the rupee. The FCNR(B) window remained open until August 31, while the market outlook anticipated broader rupee depreciation over subsequent weeks.
August 27, 2026
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Preferential trade agreement exploration advances bilateral market access, pharmaceutical cooperation, investment partnerships, and diversified trade.
India-Morocco economic cooperation is expanded through the seventh Joint Commission framework, targeting deeper and more diversified trade, investment, industrial collaboration and market access across goods and services. An India-Morocco Joint Working Group is to examine bilateral trade opportunities and the feasibility of a preferential trade agreement, including tariff and non-tariff barriers, improved market access and trade facilitation. Cooperation also addresses pharmaceutical market authorisation and approval timelines, food safety, sustainable agriculture, renewable energy, artificial intelligence, healthcare, and phosphates and fertilisers.
August 26, 2026
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Hybrid cyber fraud exploits stolen smartphones and intercepted verification codes to compromise digital banking and payment accounts.
Hybrid cyber fraud combines physical smartphone theft with digital financial exploitation. Offenders obtain screen-lock credentials, steal devices and use control of the active SIM card to intercept verification codes and reset UPI and digital banking credentials. Preventive measures include withholding PINs, passwords and OTPs; avoiding storage of financial and identity records on phones; and immediately blocking the SIM card and freezing digital banking and UPI services after a theft.
August 26, 2026
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CEPA review aims to expand bilateral trade engagement, address export barriers, and support regulatory registrations for exporters.
India and Japan are considering a review of the Comprehensive Economic Partnership Agreement to make the bilateral trade framework more contemporary and expand its scope, scale and commercial opportunities. The review is linked to balanced trade and to identifying export barriers arising from procedural requirements, language issues and time involved in market access. Regulatory compliance assistance may support product registrations required for overseas markets, including costly chemical registrations and pharmaceutical registrations.
August 26, 2026
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Personal loan reward eligibility depends on successful campaign-period disbursal, alongside review of borrowing costs and repayment capacity.
Loan Utsav 2026 provides a limited-period reward bundle to eligible customers whose personal loan is successfully disbursed during the campaign period, subject to applicable terms and conditions. Personal loans are collateral-free and available subject to eligibility, customer profile, documentation and applicable loan terms. Applicants may choose a loan amount and repayment tenure based on their requirements. Extended tenures can reduce monthly EMI obligations but may increase total interest payable. Customers should review interest rates, EMI, processing charges, other loan costs and repayment capacity before accepting a loan offer.
August 26, 2026
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Deep-tech investment cooperation advances through capital corridors, innovation bridges, manufacturing integration and startup pitching platforms for cross-border growth.
India-Japan startup cooperation is proposed to advance through a deep-tech capital corridor, a two-way innovation bridge, manufacturing and technology integration, and joint startup pitching platforms. Collaboration is directed towards patient capital, early-stage research, deep-tech commercialisation, technology validation, precision manufacturing, investment and market access. The partnership also emphasises MSME integration with startups and global supply chains, co-investment mechanisms, plug-and-play infrastructure, and institutional links among universities, research institutions, incubators and industry.
August 26, 2026
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Sugar price-control measures combine raw-sugar imports, stockholding limits and export restrictions to curb retail price pressures.
Sugar price-control measures combine authorised raw-sugar imports, stockholding limits for dealers and bulk consumers, and an existing export prohibition to address elevated domestic prices. Imports are permitted within the specified period, while stockholding restrictions seek to curb speculation and hoarding. Retail prices continued to rise despite lower ex-mill prices, and the regulatory approach focuses on augmenting supply, limiting stock accumulation, and preventing export-related pressure on domestic availability.
August 26, 2026
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Alternative dispute resolution enabled settlement of long-pending disputes, alongside reporting on court administration and regulatory compliance concerns.
Legal developments include resolution of long-pending tenancy, commercial and property disputes through a special Lok Adalat mechanism, including a digitally signed international settlement. Other matters concern a challenge to a riot-related murder conviction, allegations of administrative irregularities and selective case listing, fast-track court pendency, cancellation of a recruitment process following suspected examination malpractice, fraudulent identity documents used to claim citizenship, medical-qualification standards, and opposition to uranium exploration and mining.
August 26, 2026
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MSME co-lending supports digital paperless credit delivery through rural banks for underserved rural and semi-urban enterprises.
SIDBI-RRB MSME co-lending arrangement is proposed for expansion to increase credit access for micro, small and medium enterprises in rural and semi-urban areas. The arrangement combines SIDBI's understanding of MSME credit requirements with Regional Rural Banks' local reach. SIDBI's Co-Lending Origination Platform provides an end-to-end digital credit process intended to enable faster, paperless loan processing, in-principle sanction communication, documentation and direct account disbursement without branch visits.
August 26, 2026
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Input tax credit mismatch alone cannot support fraud-based GST demand without an assessing officer's recorded satisfaction of fraud or suppression.
Section 74 GST demand proceedings require the assessing officer's independent satisfaction of fraud, wilful misstatement or suppression of facts. An input tax credit mismatch or alleged short payment alone cannot establish these conditions. Unsupported assertions of suppression for invoking extended limitation are insufficient, and audit objections cannot replace the assessing officer's satisfaction. A show cause-cum-demand notice lacking factual allegations of a deliberate device to evade tax or avail excess input tax credit is vulnerable.
August 26, 2026
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Fraudulent Aadhaar procurement exposes identity-verification gaps and prompts disclosure, expedited investigation, deportation, and statutory review measures.
Fraudulent procurement of Aadhaar and other identity documents by foreign nationals who infiltrate borders may undermine identity verification, immigration control and national security. Coordinated action is required to trace and deport such persons, prevent re-entry, strengthen document verification, and complete investigations without delay. Amendments to the Aadhaar Act are to be considered to assist investigating agencies, while a dedicated procedure is required to address border infiltration and human trafficking. Aadhaar enrolment records are to be supplied to police, followed by timely deportation proceedings.
August 26, 2026
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Foreign investment liberalisation proposals receive industry support, subject to preserving AIF treatment, grandfathering, and prospective application.
Proposed foreign-investment liberalisation, including treatment of stakes below 10 per cent and a greater role for market forces in valuation, is welcomed. Preservation of the existing treatment of Alternative Investment Funds under the IOCC framework is emphasised, together with grandfathering of transactions and funds undertaken under the current regulatory position. Newly introduced requirements should operate prospectively to support a simpler, predictable and investment-friendly foreign-investment framework.
August 26, 2026
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India market expansion guides Nestle 's volume-led growth, export-hub development and long-term investment without compromising product quality.
Nestle 's India strategy focuses on volume-led growth, wider consumer reach, portfolio development, efficiency improvements and sustained long-term investment. Growth is intended to combine increased household penetration with pricing, premiumisation, affordability and value offerings. India is also intended to develop further as a production and export hub for global markets, supported by manufacturing capacity and expanding overseas supplies. Product quality and consumer interests remain constraints on the pace of expansion.

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Voices of Distinction: Ten Professionals Creating Enduring Impact

January 9, 2026

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CHANDIGARH, India, Jan. 8, 2026 /PRNewswire/ -- Kiteskraft Productions LLP proudly recognizes Voices of Distinction: Ten Professionals Creating Enduring Impact. Extending well beyond conventional roles, they emerge as mentors, thought pioneers, and drivers of change—fostering creativity, analytical thinking, ethical governance, and social accountability. Through their influential professional contributions, visionary leadership, and active community involvement, these remarkable individuals inspire generations to dream ambitiously and lead with purpose. Their shared impact creates a lasting legacy, establishing them as true architects of progress and guiding pillars for the nation's future. Dr. Ravineet R. Sami: Dr. Ravineet R. Sami is a respected leader in financial governance and higher education, with over two decades of experience defined by strategic vision, disciplined leadership, and commitment to institutional excellence and nation-building. As Chief Finance, Planning, and Development Officer at The University of Fiji, he has strengthened financial sustainability, governance frameworks, and long-term growth through digital transformation, infrastructure development, and robust compliance systems. A strong advocate of lifelong learning, Dr. Sami holds a Professional Doctorate in Leadership Management, an Honorary Doctorate in Accounting and Financial Management, an MSc in Finance and Investment, multiple MBAs, and prestigious international fellowships from Australia, New Zealand, and the United Kingdom. Beyond his institutional role, he serves as an Ambassador for the Association. Mr. Harish Chelani (CEO & Founder): Mr. Harish Chelani is a global entrepreneur whose rise from modest beginnings to a multi-million-dollar enterprise reflects vision and execution. Arriving in Dubai in 2003 with a salary of 1,000 AED, he worked relentlessly, often putting in 18 hours a day, to master global trade, consumer behavior, and supply chains. In 2014, he founded the Jumbo Master Group of Companies, now comprising 13 businesses across the UAE, Africa, and Oman, with active expansion into real estate and a large-scale entry into the Indian market underway. The group operates across FMCG and real estate, generating over USD 500 million annually. Its flagship brand, Classy, manages 250+ SKUs across food, non-food, and personal care, distributed in 1,500+ stores across 35+ countries. In 2025, the group won Best International Food Brand of the Year, while Mr. Harish Chelani received Best Innovative Businessman of the Year. Dr. Sanjeev Kumar: Dr. Sanjeev Kumar is a distinguished scholar, entrepreneur, and Supreme Court advocate whose career reflects a rare integration of literature, law, and leadership. He holds a Doctor of Literature (D.Lit.) along with advanced qualifications from MIT, Boston, the Institute of Cost Accountants of India, and the Institute of Company Secretaries of India, underscoring his academic and professional depth. With over 35 years of experience, he has successfully led organizations such as India Netbooks Pvt. Ltd. and BPA Advisory Limited, contributing significantly to finance, corporate governance, and legal strategy. A prolific author of 290 books across literature, law, and children's education, he stands among India's most versatile intellectuals. As Founder-Chairman of BPA Foundation and Vama Academy, he actively promotes language learning and empowerment. Mr. Pritesh Patel: Pritesh Patel is the Founder and CEO of Akshar Holdings, a UAE-based diversified group with operations spanning real estate leasing, brokerage, holiday homes, and allied services. Established in 2018, the organization was built on principles of trust, operational discipline, and long-term value creation. His entrepreneurial journey began in general trading, where early challenges shaped his conviction that sustainable businesses are driven by structure, patience, and accountability. Over time, he strategically expanded Akshar Holdings across the UAE, India, and select international markets. Known for his grounded and methodical leadership style, he prioritizes stability, compliance, and consistent performance. Patel remains focused on building resilient enterprises that create enduring value for clients, partners, investors, and the communities they serve with integrity and vision. Dr. Venugopal Reddy: Dr. Venugopal Reddy Iragamreddy, MBBS, DCH, MRCPCH, DSc, FRCPCH, FRACP, MBA, PhD, is an internationally recognised paediatrician, community health advocate, and healthcare leader with over fourteen years of clinical, academic, and administrative experience. At Ovum Woman and Child Specialty Hospital, Bengaluru, he has strengthened paediatric and community healthcare through evidence-based practice, quality systems, and structured hospital governance. A prolific academic, he has authored more than 150 peer-reviewed research papers and twelve medical books, contributing significantly to paediatric education and clinical preparedness. He also serves as Course Director for MRCPCH and MRCOG training programmes and is a recognised faculty member of the American Academy of Pediatrics and the Royal College of Paediatrics and Child Health. Beyond institutional roles, Dr. Reddy leads community health initiatives with organisations such as UNICEF and the United Nations Volunteers programme, focusing on maternal and child health, preventive care, public health awareness, and equitable access. Dr. Anupam Narula: Dr. Anupam Narula is a renowned Professor of Marketing and Head of Public Relations and Communication at Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi. With over 30 years of rich experience spanning teaching, research, consulting, training, industry engagement, and institution building, he is widely recognised as a thought leader in management education. He has held key academic leadership roles including Founder Director, Dean, Head of Department, and Area Chairman, and has been associated with premier institutions such as FORE School of Management, Amity University, BIMTECH, and Jaipuria Institute of Management. Dr. Narula holds a Ph.D. in Economics, multiple postgraduate qualifications, and international certifications, with core expertise in consumer behaviour, service marketing, global innovation strategy, and marketing for higher education institutions. Dr. Dharmesh J. Shah : Dr. Dharmesh J. Shah is a nationally respected academic leader shaping India's higher education and research landscape. With over three decades of experience, he blends scholarly depth with strategic vision to build institutions that are research-driven, innovation-focused, and globally connected. An expert in Artificial Intelligence, Digital Image Processing, and VLSI Design, he has authored more than 100 research publications and holds multiple patents, reflecting his commitment to application-oriented innovation. Renowned for academic governance and curriculum reform, Dr. Shah has championed interdisciplinary learning, ethical leadership, and strong industry integration. As a mentor and thought leader, he has guided countless scholars and educators, playing a pivotal role in nurturing future talent and strengthening India's position as a competitive, knowledge-driven nation worldwide today. Mr. Vikram Kamrendra Singh: The artistic journey of Vikram Kamrendra Singh spans more than three decades of discipline and thoughtful exploration. A contemporary Indian artist, he is known for a refined visual language defined by minimal lines, symbolic restraint, and conceptual depth. His work explores time, memory, literature, and inner consciousness, inviting reflection rather than spectacle. Over the years, he has exhibited at respected institutions including AIFACS Gallery, Nehru Centre Mumbai, Arpana Art Gallery, India Habitat Centre, and the Gaiety Theatre Cultural and Heritage Complex, Shimla. Beyond gallery spaces, his illustrations and designs have appeared in books, journals, and publications, bridging visual art and literature. Recently conferred an Honorary Doctorate in Visual Art, Singh's career reflects integrity, patience, and enduring artistic relevance globally. Mr. Biswajit Chowdhury: Mr. Biswajit Chowdhury is a respected leader in India's social reform and community development space, known for decades of consistent humanitarian service. With over twenty-five years of active engagement, his work reflects integrity, perseverance, and a deep commitment to inclusive growth. A former President of the Rotary Club of Kolkata, he has focused on translating social responsibility into practical, sustainable action. His initiatives span public health, sanitation, community welfare, and organizational development, closely aligned with national priorities and grassroots needs. Honored with the Bharat Ratna Samman, his contributions are recognized nationally and internationally, not merely for achievements, but for a life devoted to ethical leadership, social harmony, and long-term societal transformation that continues to inspire future generations across communities. Dr. Ananth Vaidyanathan: Dr. Ananth Vaidyanathan, born into a middle-class Brahmin family in Kerala, exemplifies how perseverance, discipline, and passion can transform ambition into achievement. His professional journey began humbly as a bellboy at a five-star hotel in Hyderabad, from where he steadily rose through dedication and hard work. Over the years, he served across the hospitality spectrum, holding roles from kitchen steward and cook to general manager and senior vice president. For the past eighteen years, he has successfully led his own hospitality enterprise, Touch of Class, as its CEO. A doctorate holder from Panama University, he is among only four professionals in Maharashtra with a PhD in Hospitality. Honored with multiple national awards, he also leads the Bhagyam Impact Foundation. 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: 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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