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    DFS Concludes Two-Day Workshop on Enhancing Accessibility of Financial Services for Divyangjans
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August 22, 2026
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Financial accessibility for Divyangjans requires compliance standards, practical implementation measures and stronger institutional capacity across financial services.
Accessibility of financial services for Divyangjans was examined through a workshop focused on public sector banks, insurance companies, regulators and public financial institutions. Discussions covered accessibility standards, compliance requirements, legal provisions, practical implementation challenges and institutional best practices under the Sugamya Bharat initiative. Participants considered operational measures to strengthen institutional capacity, inclusivity and equitable access to financial services.
August 22, 2026
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Audit quality enhancement for small and medium auditors emphasises technology, global standards, inspection insights and stronger financial reporting.
Audit quality and financial reporting reliability were the focus of NFRA's outreach programme for small and medium audit firms. The programme promoted professional capacity-building, alignment with contemporary global standards, adoption of appropriate audit technology, and the public-interest role of the accountancy profession. Technical sessions covered audit strategy documentation, risks of material misstatement, and practical lessons from audit-firm oversight to support improved day-to-day audit practice and high-quality financial reporting.
August 22, 2026
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Cartelisation by agro-input dealer associations attracted monetary sanctions, cease-and-desist directions, and mandatory competition-compliance training for responsible officials.
Cartelisation by the two agro-input dealer associations and named individuals contravened Section 3(3)(b) read with Section 3(1) of the Competition Act, 2002. Monetary sanctions were imposed, and association office-bearers were held liable under Section 48. The parties and liable officials were directed to cease and desist from future anti-competitive conduct and to organise competition-compliance training to promote awareness and compliance within the associations.
August 22, 2026
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Circular economy partnerships promote resilient value chains, resource efficiency and sustainable growth alongside evolving India-EU trade integration.
India-Finland circular economy cooperation is being developed through business, technology, investment and commercial partnerships supporting resource-efficient and sustainable growth. Discussions focused on competitive and resilient value chains based on circularity, traceability, resource efficiency and sustainable business practices. Circular economy principles extend beyond waste management into product design, value chains, resource use, skills development and new business models. The India-EU free trade agreement remains subject to legal review and formal ratification and is not yet in force.
August 22, 2026
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Bid rigging through pre-bid exchange of sensitive price information attracted penalties and cease-and-desist directions in tyre procurement.
Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.
August 22, 2026
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Import tariffs on Canadian products trigger potential retaliatory levies after bilateral negotiations fail to reach agreement.
Import tariffs on Canadian products are set to be imposed by the United States at a 50% rate after bilateral negotiations did not produce an agreement. The measures cover products including hockey sticks and tongue depressors and affect a limited share of Canada's annual exports to the United States. Canada has indicated possible retaliatory levies, intensifying the bilateral trade dispute.
August 21, 2026
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Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
August 21, 2026
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Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
August 21, 2026
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Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
August 21, 2026
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Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
August 21, 2026
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Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
August 21, 2026
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Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
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Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
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Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
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Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
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Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
August 21, 2026
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Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
August 21, 2026
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Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
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Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
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Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.

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HIGHLIGHTS

January 26, 2026

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New Delhi, Jan 26 (PTI) Following are the top stories at 5 pm: NATION DEL62 DAY-LDALL-PARADE (04:55 PM)

From Op Sindoor to indigenous missiles: India flaunts military might at 77th Republic Day New Delhi: India ushered in its 77th Republic Day on Monday with a grand display of its cultural heritage, economic growth and military might that included warplanes, indigenously-built missiles, newly-raised units and lethal weapons used during Operation Sindoor.

DEL9 DAY-SHUBHANSHU-ASHOKA CHAKRA (10:50 AM)

President Droupadi Murmu confers Ashoka Chakra to space hero Shubhanshu Shukla New Delhi: President Droupadi Murmu on Monday conferred India's highest peacetime gallantry award, Ashoka Chakra, to Group Captain Shubhanshu Shukla, who created history by becoming the first Indian to set foot on the International Space Station (ISS).

DEL7 DAY-VANDE MATARAM-PARADE THEME (10:39 AM)

R-Day Parade celebrates 150 years of 'Vande Mataram' with rare artwork display New Delhi: Prints of old paintings by artist Tejendra Kumar Mitra, illustrating the opening stanzas of 'Vande Mataram', adorned the enclosure backdrops along the Kartavya Path at the 77th Republic Day Parade here.

DEL42 DAY-PM-TURBAN (12:29 PM)

77th Republic Day: PM Modi's deep maroon, golden motif turban steals show New Delhi: Prime Minister Narendra Modi sported a deep-maroon coloured turban with a golden peacock feather motif for the 77th Republic Day celebrations, adding a dash of ceremonial elegance to the attire.

DEL60 PM-EU (04:24 PM)

EU leaders' presence at R-Day reflects growing strength of India-EU ties: PM Modi New Delhi: Prime Minister Narendra Modi on Monday said the presence of leaders of the European Union at the Republic Day celebrations underscores the growing strength of the India-EU partnership and the commitment to shared values.

DEL54 DAY-EU-LD CHIEF GUEST (02:52 PM)

A successful India makes world more stable: EU's Ursula von der Leyen New Delhi: A successful India makes the world more stable, prosperous and secure, European Commission President Ursula von der Leyen said on Monday, after witnessing the 77th Republic-Day celebrations at the majestic Kartavya Path here, a day ahead of the India-EU summit.

DEL59 INDIA-EU-SUMMIT (04:02 PM)

EU, India set to announce conclusion of FTA talks, roll out mega agenda to expand ties at summit talks New Delhi: An announcement on the conclusion of talks on an ambitious free trade deal and finalisation of a strategic defence pact as well as a mobility framework are set to be the main deliverables at the India-European Union summit talks on Tuesday.

DEL58 DAY-TRUMP-MESSAGE (03:28 PM)

US, India share a historic bond: President Trump in R-Day message New Delhi: The United States and India share a historic bond as the world's oldest and largest democracies, US President Donald Trump said on Monday as he greeted India on its 77th Republic Day celebrations.

DEL55 CONG-CENSUS (03:07 PM)

Congress questions Modi govt's intentions on caste census, seeks dialogue New Delhi: The Congress on Monday said one of the questions in the houselisting and housing census raises serious questions on the government's true intentions for the caste census and demanded it hold talks with political parties, states and civil society organisations before finalising the details of the caste enumeration exercise.

DEL57 JK-TERROR-OPERATION (03:14 PM)

Search operation extended to new areas to hunt down terrorist in JK’s Kishtwar Jammu: Despite a challenging situation in the wake of recent snowfall, the security forces on Monday extended the ongoing combing operation in the higher reaches of Jammu and Kashmir’s Kishtwar district following a fresh gunfight the previous night, officials said.

BOM13 CG-NAXAL-LD BLAST (02:58 PM)

11 security personnel injured as IEDs planted by Naxalites go off in Chhattisgarh Raipur: Eleven security personnel were injured after improvised explosive devices (IEDs) planted by Maoists went off during an anti-Naxalite operation in Chhattisgarh's Bijapur district, an official said on Monday.

DEL47 AVI-BOEING-INDIA (01:21 PM)

Dreamliners have bright future in India; expect more orders: Boeing New Delhi: US aircraft maker Boeing expects more orders for its Dreamliners in the Indian market, which is poised for substantial growth in the coming years, according to a senior company executive.By Manoj Rammohan

MDS26 KL-CPIM-LD THAROOR (04:50 PM)

Tharoor declines to comment on discussions with CPI(M), leaders dismiss move Thiruvananthapuram: Congress MP Shashi Tharoor has said that he has seen reports claiming that he had held discussions with persons associated with the CPI(M) in Dubai, but declined to comment on the matter.

LEGAL LGD2 UP-HC-LIVE-IN (02:43 PM)

Allahabad HC says live-in influenced by western ideas, sets aside life term in rape case Prayagraj: The increased tendency among the youth to opt for live-in is influenced by "western ideas", said the Allahabad High Court as it set aside the life imprisonment awarded to a man accused of kidnapping and sexually assaulting a girl after it was found that she was an adult who entered into a consensual relationship.

BUSINESS DEL53 BIZ-BUD-TEAM (02:50 PM)

Team of officials assisting Finance Minister in preparing Budget 2026-27 New Delhi: As Finance Minister Nirmala Sitharaman starts to give finishing touches to her record ninth Budget in a row, she is being assisted by an experienced team of bureaucrats at the Finance Ministry.

DEL50 BIZ-INDIA-EU FTA (02:18 PM)

Duty cuts on labour-intensive sectors, cars, wines likely part of India, EU FTA: Sources New Delhi: Import duty cuts on labour-intensive sectors such as textiles and footwear, as well as cars, and wines, are likely to be part of the free trade agreement between India and the 27-nation bloc European Union (EU), the conclusion of which is set to be announced on January 27 here, sources said.

DEL10 BIZ-INDIA-RUSSIAN-OIL (10:54 AM)

Reliance stays away from Russian oil, public sector firms lap it up Betul (Goa): Reliance Industries Ltd, India's biggest buyer of Russian crude oil, has not bought any barrels from Kremlin in January so far while state-run refiners have stepped up imports prompted by discounts hitting some USD 7 per barrel, almost triple the level seen in mid-2025.

FOREIGN FGN19 DAY-LD DIASPORA (03:06 PM)

Indians abroad celebrate 77th Republic Day; greetings pour in from world leaders Beijing/Washington: Indians across the world on Monday celebrated the 77th Republic Day with global leaders, including US President Donald Trump, Chinese President Xi Jinping and French President Emmanuel Macron and Bhutanese Prime Minister, extending their greetings, highlighting their strong friendship with India.

FGN18 CHINA-INDIA-XI (02:29 PM)

China and India are 'good neighbours, friends and partners': President Xi Beijing: Chinese President Xi Jinping on Monday described India and China as "good neighbours, friends and partners", saying that achieving "dragon and elephant dancing together" is the right choice for both countries.

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