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    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
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    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
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    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
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    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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    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.
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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.
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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.
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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.
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    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
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    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.

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      COAI seeks Trai's intervention on alleged denial of RoW nod by Navi Mumbai Int'l Airport

      January 14, 2026

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      New Delhi, Jan 14 (PTI) COAI has sought telecom regulator Trai's intervention on alleged denial of 'right of way' permission by Navi Mumbai International Airport (NMIAL), as the telcos' association accused it of creating an "exclusive, monopolistic" in-building telecom arrangement at a public airport.

      COAI, in its letter addressed to Trai Chairman Anil Kumar Lahoti, has also urged the regulator to lay down and enforce a cost-based pricing framework and appropriate price ceilings for in-building telecom infrastructure in situations where a single entity exercises "monopoly control" over access at public or captive locations, such as airports, metro stations and similar public premises.

      The telecom association - whose members include Reliance Jio, Bharti Airtel and Vodafone Idea - said Trai's intervention is essential to address the emerging structural issue, which, if left unregulated, has the potential to be replicated across various public places/infrastructure projects, thereby "undermining competition and consumer experience".

      NMIAL, being an entity entrusted with the development, operation and management of a public airport, qualifies as a public entity for the purposes of the Telecommunications Act and Right of Way rules.

      Further, the public premises, such as airports, are required to facilitate deployment of telecom networks by licensed Telecom Service Providers (TSPs), including In-Building Solutions (IBS), to ensure seamless availability of telecom services to passengers, visitors, airport workers and other users.

      Put simply, the RoW defines the rules and rights with regard to the deployment and operation of telecom infrastructure by service providers on public and private property.

      COAI has argued that NMIAL is statutorily obligated to grant Right of Way (RoW) permissions for the establishment of telecommunication infrastructure in a non-discriminatory, transparent and time-bound manner.

      "However, contrary to the express mandate of the Telecommunications Act, 2023 and the RoW Rules, NMIAL has declined to grant RoW permissions to licensed TSPs," COAI, in its submission to Trai, said, adding that NMIAL has instead mandated that all telcos must compulsorily utilise a network deployed by NMIAL or its affiliate, on terms unilaterally determined by it and at charges, which are commercially not viable.

      "...we respectfully request Trai to examine the conduct of NMIAL/IBS-Operator (public entity) in denying RoW permissions and creating an exclusive, monopolistic in-building telecom arrangement at a public airport, resulting in a bottleneck situation leading to market failure," COAI said in the letter dated January 13, 2026.

      However, NMIAL said that it has not denied right-of-way to any TSP at the airport, and added that it maintains regular communication with TSPs and has offered IBS services at rates consistent with prevailing industry standards.

      The association has urged the telecom regulator to recommend appropriate directions to ensure that public entities grant RoW permissions to licensed TSPs on a non-discriminatory basis, or alternatively, that any shared infrastructure mandated in such locations is provided strictly on regulated, transparent and cost-oriented terms.

      The association said it has been conveyed to its member telcos that NMIAL is seeking payments of about Rs 92 lakh per month per operator, aggregating to nearly Rs 44.16 crore per annum for four mobile operators.

      "These charges are grossly disproportionate, bear no rational nexus to the underlying cost of related infrastructure, and significantly exceed the capital and operating expenditure ordinarily required for deployment of an independent IBS network," the COAI letter said.

      Such charges are also prima facie inconsistent with the RoW Rules, which permit recovery only of reasonable operational expenses and restoration costs, according to COAI.

      However, NMIAL refuted these allegations, saying airports are recognised as critical national infrastructure, each with unique security requirements. "Globally, it is standard practice for airports to provide a single, neutral host infrastructure enabling mobile operators to connect. At NMIAL, we have adopted this approach, consistent with practices at MIAL, DIAL, BIAL, HIAL, and other airports across India," NMIAL said in a statement.

      It further said that claims that Navi Mumbai International Airport Private Limited (NMIAL) lacks telecom connectivity are factually incorrect. BSNL, a leading government-owned telecom operator, is already onboard and provides fully functional connectivity.

      "We completely deny allegations regarding annual charges of 44.16 crore; the pricing for such services is fixed across all PPP airports, and that applied at NMIAL aligns with these existing norms," NMIAL said. Airports are recognised as critical national infrastructure, each with unique security requirements. Globally, it is standard practice for airports to provide a single, neutral host infrastructure enabling mobile operators to connect. At NMIAL, we have adopted this approach, consistent with practices at MIAL, DIAL, BIAL, HIAL, and other airports across India, the statement said.

      "We understand that NMIAL or its nominated entity (IBS Operator), holds a Category-B Unified Licence as a Virtual Network Operator (VNO - Access Services). By leveraging its control over the airport premises, NMIAL/IBS Operator has effectively positioned itself as the sole provider of in-building telecom infrastructure within the airport, while simultaneously denying competing licensed TSPs the ability to deploy their own networks," COAI wrote.

      Such an arrangement has resulted in a clear market failure, the Cellular Operators Association of India (COAI) alleged.

      "NMIAL/IBS Operator, though licensed only as a VNO, has assumed control over an essential facility, namely, in-building access infrastructure within a public airport, thereby creating a monopolistic bottleneck.

      "In the absence of competitive constraints and cost-based regulation, NMIAL/IBS Operator can impose excessive, non-transparent and non-cost-oriented charges on all TSPs, who have no alternative but to accept such terms if they wish to serve consumers at the airport," the letter said.

      Last month, COAI had sought the telecom department's intervention over alleged denial of Right of Way (RoW) permission and had slammed the imposition of exclusive in-building telecom arrangements and infrastructure by NMIAL.

      Adani Group-owned Navi Mumbai International Airport (NMIA) had at that time hit back with a strongly-worded statement, saying it has not denied the right of way for any telecom service provider and welcomes individual discussions with operators on mobile network charges, but will not give in to cartelisation.

      "The decision to implement advanced In Building Solution (IBS) infrastructure at NMIAL as a neutral host for mobile networks is informed by the observation that certain essential areas, such as baggage belts, utility buildings, and ATC, are often overlooked by Telecom Service Providers (TSPs) in favour of passenger-heavy zones, resulting in inconvenience and reduced operational efficiency," NMIAL said. PTI MBI IAS BAL BAL

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