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    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
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    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
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    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
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August 10, 2026
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Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
August 9, 2026
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Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
August 9, 2026
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GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
August 9, 2026
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Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
August 9, 2026
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Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
August 8, 2026
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Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
August 8, 2026
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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.

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January 12, 2026

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New Delhi, Jan 12 (PTI) Following are the top stories at 9.10 PM: NATION DEL81 PM-INDIA-LD-GERMANY (08.56 PM)

India, Germany decide to expand strategic ties to navigate global upheaval Ahmedabad: India and Germany on Monday unveiled measures to boost cooperation in areas of defence, trade, critical minerals and semiconductors, with Prime Minister Narendra Modi and Chancellor Friedrich Merz vowing to bolster overall bilateral ties to jointly navigate challenges arising out of geopolitical upheaval.

BOM26 GJ-PM-2NDLD MERZ (08.52 PM)

Modi, Merz engage in 'kite diplomacy'; German Chancellor pays tributes to Mahatma Gandhi Ahmedabad: German Chancellor Friedrich Merz on Monday visited the Sabarmati Ashram in Ahmedabad and paid rich tributes to Mahatma Gandhi, saying the teachings of India's independence movement hero are more needed today than ever.

DEL74 PM-YOUTHS-DIALOGUE (07:52 PM)

India's Gen Z is full of creativity, says PM Modi New Delhi: Prime Minister Narendra Modi on Monday said India's Gen Z is full of creativity and with innovative ideas, energy and purpose, the country's youth is at the forefront of nation-building.

DEL67 CBI-KARUR-2NDLD VIJAY (7.26 PM)

Karur stampede: TVK chief Vijay questioned for 6 hours by CBI; to be called again New Delhi/Chennai: TVK chief and actor Vijay was questioned for nearly six hours by the Central Bureau of Investigation (CBI) here on Monday in connection with the Karur stampede case, officials said.

DEL66 INDIA-US-2NDLD-GOR (7.23 PM)

India most essential to Washington, both sides actively engaged on trade deal: New US envoy New Delhi: Signalling an intent to rebuild strained ties, President Donald Trump's new ambassador to Delhi said on Monday that no country is as essential as India to the United States, and asserted that both sides are actively engaged to firm up a trade deal.

DEL57 SPEAKER-COMMONWEALTH (06.36 PM)

PM Modi to inaugurate Commonwealth speakers' conference; Pak, Bangladesh to stay away New Delhi: Prime Minister Narendra Modi will on Thursday inaugurate the 28th Conference of Speakers and Presiding Officers of the Commonwealth (CSPOC), which is expected to witness participation from 42 of the 56 member nations.

DEL54 DHANKHAR-HEALTH-LD AIIMS (06.24 PM)

Ex-VP Dhankhar admitted to AIIMS after two bouts of unconsciousness New Delhi: Former vice president Jagdeep Dhankhar was admitted to the All-India Institute of Medical Sciences (AIIMS) here on Monday after he fell unconscious twice on January 10, officials said.

DEL79 LD COLD (08.38 PM)

Near-zero temperatures freeze Rajasthan, Haryana; Gurugram sees frost with low of 0.6 deg C New Delhi: As fog floated across cityscapes and open grounds in northern states, the winter weighed much heavier, pushing mercury down to near-freezing temperatures in many areas which experienced the coldest night of the season.

CAL34 WB-ABHISHEK-2ND LD ED (08.30 PM)

Abhishek alleges 'information theft' in ED raid on I-PAC, sharpens TMC's attack on Centre Kolkata: Senior TMC leader Abhishek Banerjee on Monday escalated the party's confrontation with the Centre over the ED raid on I-PAC, alleging that the central agency's objective was not investigation but "stealing political information" to settle scores on behalf of the BJP ahead of the 2026 assembly polls.

CAL35 WB-NIPA-VIRUS AFFECTED (08.38 PM)

Bengal nurses on ventilator support after showing Nipah virus symptoms Kolkata: Two nurses working at a private hospital in West Bengal's North 24 Parganas district are showing symptoms of being infected with Nipah virus, a senior official of the state health department said on Monday.

MDS20 ISRO-LDALL SATELLITE-ANOMALY (07.48 PM)

ISRO's PSLV-C62 rocket encounters 'anomaly', deviates from flight path, misses orbit Sriharikota: In a second consecutive setback, ISRO's PSLV-C62 rocket carrying 16 satellites, including a foreign Earth Observation payload, failed to place them in the intended orbit after encountering an "anomaly" in the critical third stage of the launch on Monday.

MDS22 KL-LDALL SATYAGRAHA (08.20 PM)

Satyagraha sparks political storm in Kerala as CM accuses Centre of financial squeeze Thiruvananthapuram: Kerala saw a heated political showdown on Monday as state ministers led by Chief Minister Pinarayi Vijayan took to the streets with a Satyagraha, accusing the BJP-led Centre of squeezing the state financially.

BUSINESS DEL56 BIZ-LD INFLATION (7.08 PM)

Inflation rises to 3-month high of 1.33 in Dec; remains below RBI tolerance band New Delhi: Retail inflation rose to a three-month high of 1.33 per cent in December, mainly due to higher prices of food items, but remained below the Reserve Bank of India's lower tolerance level.

DEL84 BIZ-TAX-LD COLLECTION (09.02 PM)

Net direct tax kitty swells 9 pc to Rs 18.4 lakh cr on slower refunds, higher corp tax mop-up New Delhi: Net direct tax collection grew about 8.82 per cent to over Rs 18.38 lakh crore in the current fiscal till January 11 due to slower refunds and better corporate tax mop-up.

FOREIGN FGN54 CHINA-SHAKSGAMVALLEY-LD REAX (08:32 PM)

China reaffirms its territorial claims over Shaksgam Valley after India's objections Beijing: China on Monday reaffirmed its territorial claims over the Shaksgam Valley in the backdrop of India's objections, stressing that the Chinese infrastructure projects in the area are "beyond reproach".

FGN20 US-INDOPAK-TRUMP (11:11 AM)

I ended eight wars, India and Pakistan were going at it: Trump New York: US President Donald Trump repeated his claim that he has solved the conflict between India and Pakistan, saying he ended eight wars but still did not get the Nobel Peace Prize.

FGN15 US-TRUMP-VENEZUELA (08:21 AM)

Trump describes himself as 'Acting President of Venezuela' in Truth Social post New York: US President Donald Trump has posted a photo of himself on his social media site Truth Social with his designation listed as "Acting President of Venezuela."

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