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    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
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
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    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
    Show AI Summary
    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
    Show AI Summary
    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.
    August 7, 2026
    Show AI Summary
    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
    Show AI Summary
    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
    August 7, 2026
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    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.

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      Building India's Multifaceted Future: The Oikoshreem Group and Saubhagya Vardhan's Vision for Sustainable Growth

      January 12, 2026

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      Lucknow — In an era where diversified business models are reshaping India's entrepreneurial landscape, few visionaries demonstrate the breadth and depth of innovation seen in the Oikoshreem Group. Spearheaded by Dr. Saubhagya Vardhan, this multifaceted conglomerate has established itself as a formidable force across real estate, renewable energy, healthcare, financial services, infrastructure, and information technology sectors.​ The Architect Behind the Vision Dr. Saubhagya Vardhan's journey to becoming one of India's youngest and most accomplished entrepreneurs is marked by global exposure and strategic foresight. Having completed his higher education in the United States and the United Kingdom, including credentials from prestigious institutions like London Business School and the University of California, Berkeley, Vardhan returned to India with a mission to revolutionize multiple industries simultaneously.​ His professional background spans roles with renowned organizations and diverse sectors, equipping him with the expertise necessary to challenge conventional business paradigms. This global perspective informs a leadership philosophy centered on uplifting others and ensuring that impact outlives individual presence—an approach that permeates all Oikoshreem Group ventures.​ A 360-Degree Business Ecosystem The Oikoshreem Group operates as a comprehensive business conglomerate encompassing multiple divisions, each addressing critical gaps in India's economy.​ Oikoshreem Infratech Private Limited stands as the flagship entity, transforming infrastructure and real estate through technology-driven solutions and diversified project execution. Recognizing that India's real estate market is largely unorganized, with a market size estimated in the tens of billions of dollars and a shortage of professional, tech-enabled distributors, Infratech positions itself as a comprehensive real estate and infrastructure solution provider using modern systems and robust logistics at scale.​ Beyond residential and commercial real estate, Oikoshreem Infratech has significantly expanded its portfolio into critical government infrastructure projects. The company actively undertakes highway construction, mining-related works, and large-scale earthwork and compaction services, demonstrating its capability to execute complex public sector and infrastructure development initiatives. This diversification underscores the organization’s technical expertise and elevates it from a real estate-focused company to a comprehensive infrastructure solutions provider. The company has brought together thousands of channel partners, associates, and a large on-ground sales and execution force, reflecting the scale at which it now operates across multiple business verticals. These networks enable Oikoshreem to reach diverse customer segments while maintaining operational depth in project delivery.​ Oikoshreem Realtors Private Limited focuses on premium real estate development, management, and advisory services. The division emphasizes quality control and client service excellence, offering residential, commercial, industrial, and hospitality real estate solutions aligned with evolving customer expectations and urban growth patterns.​ Oikoshreem Solar exemplifies the group's commitment to renewable energy and sustainability. As an EPC (Engineering, Procurement, and Construction) solution provider, it contributes to India's national solar mission by deploying rooftop and ground-mounted solar systems and related clean energy solutions, aligning the group with the country's long-term green energy transition.​ Oikoshreem Healthcare Private Limited extends the group's reach into medical services and consulting, offering healthcare-oriented solutions designed to improve accessibility and quality of care through structured, professional services.​ Oikoshreem Infotech Private Limited leverages the digital revolution through application development, web development, digital marketing, bulk messaging, and integrated IT solutions. This division serves as the technological backbone of the group, supporting both internal innovation and external clients’ digital transformation journeys.​ Oikoshreem Financial Solutions Private Limited operates as a specialized financial services arm, providing lending, financing, and related financial products, with an eye on helping individuals and businesses access structured financial solutions in a rapidly formalizing economy.​ Beyond commercial ventures, Oikoshreem Trust underscores the group's social responsibility mandate, addressing complex development challenges through community-centric initiatives focused on empowerment, inclusion, and long-term societal upliftment.​ Redefining Real Estate and Infrastructure Across Multiple Sectors One of Vardhan's most significant contributions has been addressing India's affordable housing crisis while simultaneously building robust infrastructure capabilities. Independent assessments indicate that economically weaker sections and low-income groups account for a very large share of the country's total housing shortage, highlighting the need for innovative delivery mechanisms and inclusive products.​ Oikoshreem Infratech’s response goes beyond conventional real estate models. The company offers tailor-made, cost-conscious housing and land solutions in emerging and tier-2 markets, recognizing that urban and semi-urban regions require localized strategies and thoughtful product design. By treating land and regulatory constraints as design challenges rather than barriers, the organization has enabled thousands of families from middle-income and economically weaker segments to move closer to home ownership and secure asset creation. The company’s expansion into government infrastructure projects—including highway construction, mining-linked works, and large-scale earthwork and compaction—further reflects its commitment to nation-building. These projects demand precision engineering, sophisticated project management, and adherence to stringent public-sector specifications, showcasing Oikoshreem Infratech’s capability to contribute directly to India’s infrastructure growth story. Coal Mining: A High-Growth Opportunity for Oikoshreem India’s coal mining sector has entered a phase of record expansion, creating a significant opportunity landscape for infrastructure-oriented players like the Oikoshreem Group. India’s coal production crossed the one billion tonne milestone in FY 2024–25, with cumulative output reaching around 1,047–1,065 million tonnes and registering annual growth of nearly 5 percent, while production from captive and commercial coal mines has grown at an even faster pace—above 25 percent in recent years.​ Coal still contributes well over half of India’s total energy supply and powers more than 70 percent of electricity generation, even as renewable energy capacity accelerates. With policy reforms opening up commercial coal mining to the private sector and a strong pipeline of new blocks, there is rising demand for specialized partners in overburden removal, mine development, haul roads, and associated civil and earthwork activities. For Oikoshreem Infratech—already engaged in mining-related works and large earthwork compaction—this evolving coal ecosystem represents a natural growth avenue where its engineering capabilities, equipment ecosystem, and project management expertise can be leveraged to secure long-duration contracts, diversify revenue, and contribute directly to India’s energy security and Atmanirbhar Bharat objectives.​ Inclusive Growth and Employment Generation The Oikoshreem Group’s approach to business goes beyond profit maximization, embracing an inclusive employment model that opens opportunities to a wide cross-section of society. Through its real estate, infrastructure, and services ecosystem, the group actively engages retired professionals, homemakers, and unemployed youth, recognizing that construction and real estate are among India’s largest employment generators and can be powerful vehicles for upward mobility.​ In addition, the group emphasizes social initiatives such as women-focused benefits and customer protection measures. Campaigns that promote property ownership among women, coupled with value-added offerings like health insurance linked to product sales, reflect a deliberate commitment to equitable access and long-term customer well-being rather than transactional engagement alone. Technology as a Differentiator Across its verticals, the Oikoshreem Group treats technology as a strategic asset rather than a cost center. Digital platforms, analytics, and automation are integrated into sales, customer engagement, project monitoring, and service delivery, enabling the group to provide more transparent, efficient, and scalable solutions to clients across income segments. This philosophy spans its real estate consulting, digital marketing, IT services, renewable energy monitoring, and infrastructure project management systems. By embedding technology into both front-end and back-end operations, the group enhances customer experience, improves operational control, and positions itself competitively in markets that are rapidly formalizing and digitizing. This tech-forward approach also allows Oikoshreem to adapt quickly to shifts in consumer behavior and regulatory frameworks.​ Navigating Market Evolution The group’s diversified portfolio reflects a deep understanding of macro trends shaping India’s growth story. In real estate, shifts in work patterns, post-pandemic preferences for owned and larger homes, and rising aspirations in tier-2 and tier-3 cities are redefining demand, and Oikoshreem’s presence across land aggregation, distribution, and development provides resilience in this evolving environment.​ Simultaneously, India’s infrastructure push, renewable energy targets, and financial inclusion agenda open multiple growth corridors. The group’s combined capabilities in infrastructure execution, solar EPC, IT services, and financial solutions ensure that it is well positioned to participate in this next phase of India’s transformation, from roads and mining sites to rooftops and digital platforms.​ The Broader Impact What distinguishes the Oikoshreem Group under Saubhagya Vardhan’s leadership is the seamless integration of commercial success with social purpose. The organization demonstrates that sustainable business models can generate shareholder returns while advancing community development, employment, and access to essential services. As India continues its economic expansion and rapid urbanization, enterprises like Oikoshreem—combining global best practices with local insights, technology with human capital, and growth with responsibility—are poised to become defining examples of 21st-century Indian entrepreneurship. Dr. Saubhagya Vardhan’s journey from studying global markets to building a diversified conglomerate that addresses challenges from affordable housing and infrastructure to clean energy and financial access showcases the potential of a new generation of Indian business leaders. In doing so, the Oikoshreem Group contributes not only to enterprise value, but also to the foundational infrastructure and services required for inclusive, sustainable national development. https://oikoshreemgroup.com/ https://saubhagyavardhan.com/ https://youtu.be/jqwiSjy7QiM?si=ZH25mMq8YzHDONdV (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI

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