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    Chhattisgarh ACB/EOW arrests Tuteja in DMF 'scam', Dhebar in CSMCL overtime payment irregularities
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    New series will better reflect consumption patterns, reduce volatility: RBI Guv
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February 23, 2026
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Misuse of government funds prompts arrests in alleged DMF and overtime payment diversion probes and ongoing money laundering inquiry.
Anil Tuteja and Anwar Dhebar were arrested on allegations of diversion of public funds: Tuteja is accused of facilitating DMF project allotments to known firms in exchange for commissions, establishing prima facie offences of misuse of government funds, criminal conspiracy and corrupt practices, while the ED probes money laundering; Dhebar is accused of receiving commissions from diverted overtime payments billed by agencies for CSMCL workers, causing reported financial loss to the state. Both were remanded to custodial investigation and further probe is underway.
February 23, 2026
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Exchange rate volatility: Rupee edges higher as oil weakness supports the currency while geopolitical tensions cap gains.
Exchange rate movement recorded the rupee appreciating modestly against the US dollar, settling marginally stronger after declines in global crude oil prices and a softer dollar. Market dynamics included importer and foreign portfolio investor dollar purchases on dips, rising domestic debt yields that capped gains, and geopolitical tensions limiting upside. The report also notes that India's foreign exchange reserves rose to a new high, a factor relevant to reserve adequacy and forex market liquidity.
February 23, 2026
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Flexible inflation targeting review may adjust the CPI inflation target after adoption of a new CPI series.
The RBI will incorporate the new 2024-base CPI series, which broadens the consumption basket and reduces volatility, into upcoming CPI projections and the April policy estimate; this change occurs alongside the review of the flexible inflation targeting regime and the government's periodic determination of the CPI inflation target, for which the RBI has submitted recommendations after stakeholder consultation.
February 23, 2026
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Banking sector review to explore creation of mega-lenders while no current roadmap for public sector bank mergers.
No roadmap exists for public sector bank mergers; the Budget proposes a High-Level Committee on Banking for Viksit Bharat to review the sector and explore creation of mega-lenders while safeguarding financial stability, inclusion and consumer protection. The Budget also proposes restructuring select public sector NBFCs to improve scale and efficiency. The central bank states banks are adequately capitalised to sustain credit growth and notes rising gross FDI alongside moderated net FDI due to repatriations and increased outward investment.
February 23, 2026
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Privacy guidelines extended to advertising data; companies to comply and furnish compliance report following tribunal directions.
Extension of privacy and consent safeguards to advertising-related user data is required, with Meta and WhatsApp indicating they will implement NCLAT directions to apply CCI standards to data collection and sharing for advertising. Stay applications were dismissed without prejudice and a compliance report was ordered. The CCI will examine the companies' affidavit on privacy policy and file a response, while its cross-appeal challenges the tribunal's modification permitting advertising-related data-sharing; a monetary penalty previously imposed by the CCI was retained by the tribunal.
February 23, 2026
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Tariff ruling spurs safe-haven demand, lifting precious metals prices amid renewed trade-policy uncertainty and tariff adjustments.
A US Supreme Court ruling against the contested tariff measure and a subsequent executive increase in the global tariff rate from ten per cent to fifteen per cent intensified trade-policy uncertainty, triggering cross-asset volatility and prompting safe-haven demand that drove silver and gold to multi-week highs in domestic and international markets.
February 23, 2026
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Skill development and sustainability urged to boost competitiveness through technology, design innovation and industry collaboration for graduates.
FDDI's 5th convocation conferred degrees and academic medals across programmes, with the institute stressing its contribution to skill development, research, innovation and industry engagement in the footwear, leather, fashion and retail ecosystem. Speakers urged adoption of technology, sustainability and design innovation to enhance global competitiveness, noted sectoral support for employment and MSME growth, and highlighted Hyderabad campus developments including a Centre of Excellence, modern laboratories and strengthened industry collaborations.
February 23, 2026
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Mis-selling prohibition: banks must stop bundling non-bank products and refund customers with compensation when mis-selling occurs.
Banks must stop mis-selling non-bank financial products and prioritise core banking-mobilising deposits, improving CASA, understanding customers, and lending responsibly. The Finance Minister supported RBI draft guidance that mandates full refunds and compensation for mis-selling and highlighted regulatory gaps between banking and insurance supervisors. The RBI characterised upcoming stricter mis-selling norms as consumer protection measures with effect from the announced implementation timeline.
February 23, 2026
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Workplace certification signals sustained employee trust and cultural investments as bank advances toward universal banking transition.
AU Small Finance Bank's consecutive workplace certification, grounded in employee feedback and an improved Trust Index Score, evidences its focus on employee trust and culture. The recognition reflects targeted investments in leadership, learning and development, inclusion, career mobility and a strengthened digital and IT capability to create future-ready roles, supporting the Bank's strategic progression toward universal banking.
February 23, 2026
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Regulatory clarity for crypto mining: compliance with tax, KYC and disclosure regimes shapes viable mining operations.
India's bitcoin mining market is professionalising as buyers shift to energy efficient ASICs and localised support while infrastructure improvements enable co location and data centre deployments. Electricity availability and sustainability measures (including hybrid renewables and off peak strategies) materially affect operational viability. Mining remains permitted within broader tax, AML, exchange control and emerging disclosure frameworks; operators should observe tax and KYC obligations, transparent accounting, and anticipate formalised reporting or environmental disclosure requirements.
February 23, 2026
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Gold import monitoring: government and RBI flag a recent import spike while keeping external account risks in check.
The government and the Reserve Bank of India are monitoring gold imports after a sudden January surge in value and volume; the RBI is analysing data, attributes part of the rise to global central bank purchases and domestic seasonal demand, and considers the situation not yet alarming while noting the current account remains manageable and external-sector resilience intact.
February 23, 2026
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Taxation of capital gains shifted to the company's residence; dividend rates, PE and information exchange provisions updated.
The Amending Protocol reassigns full taxing rights on capital gains from company share sales to the company's State of residence, removes the MFN clause, replaces a single dividend rate with a split withholding regime based on a ten percent ownership threshold, aligns the Fees for Technical Services definition with an established bilateral model, and expands Permanent Establishment to include Service PE.
February 23, 2026
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Banking and regulatory career preparation integrated into a BBA accelerates readiness for Grade A and Grade B recruitment while studying.
An institution launched an integrated BBA programme that combines an accredited undergraduate degree with concurrent, exam aligned preparation for Grade A and Grade B banking and regulatory recruitment. The modular curriculum covers quantitative aptitude, reasoning, English, finance, economics, current affairs, and interview training, delivered by faculty experienced in elite competitive examinations. The programme emphasises mentorship, mock testing, and time optimisation across three undergraduate years to prepare candidates for public sector regulatory posts and allied private financial sector roles.
February 23, 2026
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Quality-led manufacturing: institutionalise uniform standards and testing to convert market access into sustained export competitiveness.
Policy emphasis focuses on a quality-first agenda anchored in the zero defect, zero effect vision to convert expanded market access into export growth. A five-pillar roadmap mandates standard operating processes with continuous compliance and inspection, skilling and reskilling, gap analysis and global benchmarking, streamlined testing and certification, and shared modern testing infrastructure. Government support will finance testing facilities and assist micro and small enterprises in meeting international conformity requirements. The National Quality Conclave's multi-city, sector-specific consultations will feed into a National Quality Roadmap for Manufacturing to coordinate action across government, regulators and industry.
February 23, 2026
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Mis selling safeguards: banks must stop pushing non bank products and refocus on deposit mobilisation and lending.
The Finance Minister urged banks to stop mis selling non bank financial products and focus on core functions of deposit mobilisation and lending. She identified a regulatory gap between banking and insurance regulators that enabled unnecessary insurance sales. The RBI's draft guidelines require full refunds and compensation for mis sold products, invited public feedback until March 4, and set a proposed implementation date of July 1; the RBI also emphasised deposit and credit growth and its approach to policy rate decisions and liquidity provision.
February 23, 2026
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International drug trafficking leads to seizures and arrests after coordinated police and customs operation
An investigation targeted an international drug trafficking syndicate that used export consignments, logistics firms and courier services to smuggle psychotropic tablets abroad. Police coordination with Customs led to interception of a shipment misdeclared as household goods and, after obtaining police custody remand, a joint raid at a port warehouse recovered and seized a massive quantity of psychotropic tablets, following earlier local seizures and successive arrests that mapped the syndicate's supply chain roles.
February 23, 2026
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Tariff policy struck down spurs market rally while raising questions about future trade renegotiations and investor positioning.
The invalidation of the reciprocal tariff policy prompted investor reassessment of trade risks and the possible scope of renegotiations, boosting domestic equities-notably banks, power, FMCG and consumer discretionary-while IT faced pressure; currency moves, long-term yields, crude prices and a shift in institutional flows (foreign selling, domestic buying) moderated the overall market response.
February 23, 2026
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Currency movement: rupee edged higher as oil and dollar softened, but outflows and geopolitics limited gains.
Rupee appreciation to 90.87 was driven by falling global crude and a weaker dollar but capped by foreign fund outflows and geopolitical concerns; importers and FPIs bought dollars on dips, intraday volatility was influenced by equity and debt yields, and the RBI reported a rise in forex reserves.
February 23, 2026
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Mis-selling offence under criminal law prompts banks to stop cross-selling and face refund and compensation obligations.
Mis-selling of financial products is treated as a criminal offence under the Bharatiya Nyaya Sanhita; the RBI's draft mis-selling guidelines require banks to refund the full amount paid and compensate customers for any loss under an approved policy, with the draft open for public feedback and stricter norms proposed to take effect from July 1. The Finance Minister urged banks to focus on core banking activities and address a regulatory gap between banking and insurance oversight, while the RBI framed the guidance within broader deposit, credit growth and liquidity considerations.
February 23, 2026
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SEBI registered advisory: protects investors through fiduciary duty, transparency, suitability and grievance mechanisms.
Unregulated investment advice creates significant investor risk due to lack of accountability and remedies. SEBI registration imposes qualification, recordkeeping, communication limits, and a duty to act in clients' best interests. Registered advisers must provide transparent fee and risk disclosures, assess client suitability, document recommendations to create an audit trail, and operate within formal grievance redressal frameworks, while promoting investor education and disciplined long-term planning.

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Kiteskraft unveils their latest publication, The Power List to announce the mentors and change-makers that are shaping progress in India

February 12, 2026

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CHANDIGARH, India, Feb. 12, 2026 /PRNewswire/ -- Kiteskraft Productions LLP proudly presents The Power List: Minds and Missions Redefining Success Beyond conventional roles, they stand as mentors and change-makers, inspiring ethical leadership, creativity, and social responsibility. Through visionary impact and community engagement, they shape progress and leave a lasting legacy for future generations. Dr. Zareena Sultana : Dr. Zareena Sultana is a distinguished academic leader known for anchoring educational progress in human values amid rapid technological change. With over three decades of experience, she blends humanistic scholarship, ethical governance, and future-ready vision in higher education. She currently serves as Professor and Dean, Students' Welfare at ISL Engineering College, Hyderabad, where she has built inclusive, student-centric ecosystems extending beyond academics to well-being, leadership, employability, and social responsibility. A PhD in English and post-doctoral researcher in multilingualism, she strongly advocates integrating language, ethics, and culture into professional education. Trained in AI leadership through IIM Bangalore, she champions ethical, human-centred use of technology. Beyond campus, she serves as Telangana State Secretary of NHRCI and National Member of WHRPC, contributing to rights-based education and justice. An IIT Bombay NEC mentor, published scholar, poet, and award-winning educator, Prof. Dr. Sultana exemplifies compassionate leadership shaping future-ready, values-driven global citizens worldwide today. Dr. Kavita Khullar : Dr. Kavita Khullar is a leader whose journey reflects resilience, purpose, and the quiet strength of flowing water—ever moving, ever evolving. Guided by the belief that anything worth doing must be done with full commitment, she has built her success on positivity, discipline, punctuality, devotion, and unwavering faith in the Almighty. Inspired by Mahatma Gandhi's words, "Live as if you were to die tomorrow, learn as if you were to live forever," she approaches each day with passion, purpose, and gratitude. As a leader, Dr. Khullar emphasizes excellence in small details, thoughtful planning, and collaborative teamwork. Known for her calm, balanced decision-making, she avoids haste and negativity, choosing clarity, empathy, and constructive solutions. A lifelong learner, humanitarian, nature lover, and mentor, she continues to grow through constant learning, professional development, and self-reflection. Her journey demonstrates that true leadership is not about authority, but consistency, compassion, courage, purpose, and impact. Dr. A.V. Srinivasan: Dr. A.V. Srinivasan's extraordinary journey in Indian neurology reflects a lifetime devoted to healing, education, and compassion. A distinguished neurologist from Chennai, he has spent over five decades advancing neurological science through clinical excellence, research, and selfless service. His work has not only strengthened neurological practice in India but also brought hope and dignity to countless patients through humane, ethical care. In April 2024, he created history as the first Indian to receive the prestigious General Neurology Award from the American Academy of Neurology, recognizing his global impact on neuroscience and medical education. The same year, he was honored with the Lifetime Achievement Award by Scientific Laurel, presented by eminent personalities including Virender Sehwag and Saina Nehwal, celebrating his enduring leadership and service. Beyond professional recognition, Dr. Srinivasan's commitment to society remains exceptional. For more than 600 consecutive weeks, he has provided free consultations, medicines, and food to tens of thousands of underserved patients. His influence continues to guide leaders. Joydeep Mukherjee: Joydeep Mukherjee is among India's most visionary classical instrumentalists, seamlessly blending ancient tradition with bold innovation. A rare master of seven classical instruments—Sarod, Mohanveena, Sursingar, Tanseni Rabab, Sur-Rabab, Dilbahar, and Nabadeepa—he belongs to the revered Senia Shahjehanpur Gharana and is the only artiste preserving the complete legacy of Pt. Radhika Mohan Maitra across all seven instruments. Honoured with the Sangeet Natak Akademi's Ustad Bismillah Khan Yuva Puraskar, he gained nationwide recognition when Prime Minister Narendra Modi acknowledged his revival of rare instruments on Mann Ki Baat in 2023. His performances span the G20 Leaders' Summit, major national and international festivals, and India's 75th Republic Day celebrations. In 2025, he reached a historic milestone by patenting four classical instruments and designing a four-octave Sarod, expanding tonal depth and expression. A Ministry of Culture Fellow and ICCR-empanelled artiste, he continues to preserve, innovate, and globalise India's classical music heritage worldwide. Dr. Mishil Sandeep Parikh: Dr. Mishil Parikh is a Consultant in the Department of Surgical Oncology at Sir H. N. Reliance Foundation Hospital. He graduated from Dr. D. Y. Patil Medical College, Navi Mumbai, and completed his M.S. and M.Ch. in Orthopaedics at the same institution, followed by advanced training in musculoskeletal oncology at Tata Memorial Hospital, Mumbai. Among India's youngest orthopaedic oncosurgeons, Dr. Parikh runs an exclusive musculoskeletal oncology practice. He has performed over 1,550 surgeries and managed more than 2,000 cases involving bone and soft tissue tumours. He currently serves as Chairperson of the Under-40 Sarcoma Surgeons group of the International Society of Limb Salvage and is an active member and Webmaster of the Bombay Orthopaedic Society. Dr. Parikh has authored over 25 scientific publications, serves on editorial boards of multiple journals, and is a founder-member of the Sarcoma Education Foundation, a non-profit dedicated to training young orthopaedic oncologists nationwide professionals. Sreeraj G. Pai: Sreeraj G. Pai is a committed financial professional known for expertise in inspection, compliance, and operational excellence within India's cooperative credit sector. He serves as Senior Inspection Officer at the Indian Cooperative Credit Society Limited, where he ensures branch operations meet regulatory, risk, and quality standards. His work spans audits, risk assessment, performance evaluation, and strengthening financial transparency, supporting institutional stability and public trust. Beyond his core role, Sreeraj actively contributes through research and thought leadership in capital markets, risk management, and regulatory developments. He holds professional memberships with the All India Management Association and the Kerala Management Association, reflecting dedication to continuous learning and industry engagement. Through an active LinkedIn presence, he promotes education, skill development, and emerging technologies shaping modern finance. With strong ethics, analytical discipline, and a growth-oriented mindset, Sreeraj represents a new generation of finance professionals focused on resilience, accountability, and sustainable progress, nationwide impact. Milli Arora: Milli Arora is a multifaceted spiritual practitioner whose work harmoniously blends intuition, healing, and artistic devotion. A gifted tarot reader, artist, naturopath, reiki healer, numerologist, and crystal healer, she is dedicated to guiding individuals toward emotional balance, spiritual clarity, and inner transformation. As Chairperson of Heart and Soul and Proprietor of Hari Bol, her journey is deeply rooted in faith, service, and compassion. A devoted soul, she creates sacred paintings of Hari, expressing her spiritual beliefs through art that radiates peace and devotion. Beyond personal practice, she actively serves as a companion and jury member for organizations such as Heart and Soul, Earth Saviours Foundation, and Gurukul Sainik Vihar, supporting social upliftment and spiritual growth. Her contributions have earned her several prestigious honors, including the Harmony Women Achievers Award, Kohinoor-e-Taj Achiever's Award, and Renowned Healer Award. Through healing, devotion, and service, Ms. Arora continues to inspire and uplift lives. Dr. B. Nandha Kumar: Dr. B. Nandha Kumar, born on June 25, 1972, in Athigaratty Village, Ooty, The Nilgiris, is a distinguished leader known for academic excellence, professional achievement, and deep commitment to community empowerment. Inspired by his father, J. Bheeman, a National Teacher's Awardee, he imbibed strong values of integrity, education, and perseverance early in life. He holds a B.Sc. in Computer Science, a B.Ed., an MBA in Marketing and Human Resources, and a Ph.D. in Management from Golden State University, USA. With over three decades of experience across banking, NBFCs, healthcare, and FMCG sectors, he served in senior roles at Muthoot Fincorp and HDFC Bank, earning multiple performance and leadership awards. Since 2022, as Director of the Janaasha Group, he has driven financial inclusion, innovation, and social responsibility, empowering communities through savings, literacy, and sustainable growth initiatives. His vision blends ethical leadership with strategic foresight and long-term societal impact, nationwide development. Babita Hundal: Babita Hundal is a renowned professional artist based in Mohali, Punjab, with roots in Ferozepur and over 44 years of artistic experience. Her professional journey began with her first solo exhibition in Chandigarh in 1987, followed by solo shows in New Delhi in 1992 and Panchkula. She also worked as a Textile Designer at L'affair, Greater Kailash, New Delhi. From 2008 to 2017, she served as an artist at an institution in Mohali. Since 2017, she has participated in numerous national and international group exhibitions, both online and offline. Her achievements include multiple awards, medals, and trophies, along with recognitions from Guinness World Records, Harvard World Records, and other global platforms. Notable works such as "Smooth Sail" and "Unveil the Desire" were celebrated as showstoppers. Her artworks are collected across India and internationally, reflecting the universal appeal and depth of her artistry. Supported by strong academic training. Gulnaz Parveen: "Real leadership is not about position; it is about persistence when no one is watching," says Gulnaz Parveen. Gulnaz Parveen's journey from school principal to founder and businesswoman reflects a modern leadership model rooted in purpose and perseverance. As a principal, she worked closely with students, teachers, and parents, gaining deep insight into everyday educational realities. While academic success mattered, she identified gaps in life skills, emotional intelligence, and leadership development for educators. These observations shaped her vision for systemic, long-term change. She founded AIM – All Inspirational Mentors, a professional training initiative that empowers principals and teachers through modern pedagogy, classroom leadership, and positive school culture. Expanding her impact, she developed curriculum content, school books, and reflective learning journals integrating discipline, ethics, and self-awareness. Her commitment to social responsibility led to the creation of Arsh Group Trust and Arsh Inspiration, supporting education, mentorship, and value-based learning through community and digital platforms. About Kiteskraft Productions LLP: Kiteskraft Productions LLP, founded in 2019, is a leading organizer of national and international conferences and award ceremonies across education, business, healthcare, NGOs, and entertainment. ISO and MSME certified, it recognizes excellence, fosters collaboration, and delivers impactful events. Recognized by the Scholar's Book of World Records. Photo: https://mma.prnewswire.com/media/2901950/Kiteskraft_The_Power_List.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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