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    Rs 53 lakh cr transferred to govt beneficiaries through DBT, mostly to Jan Dhan accounts in 12 years
    Forex kitty jumps USD 12.42 bn to all-time high of USD 729.3 bn
    Jio Platforms gets Sebi nod to launch IPO
    PM Jan Dhan Yojana has had unparalleled impact, transformative outcomes: PM Modi
    Bajaj Finance Personal Loan Offers Flexible Repayment Options with Loan Utsav 2026 Benefits
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    CARD91 Launches SpendFlow, a Commercial Card Platform Built for Enterprise Requirements
    Will talk to Japan on increasing basmati rice exports from India: Goyal
    Will consider Air India's biz strategy, other factors before deciding on additional fund requests: Singapore Airlines
    Commerce and Industry Minister Shri Piyush Goyal Concludes Japan Visit; Calls for Greater Japanese Investment and Stronger Industrial Partnerships wit...
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August 28, 2026
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Direct benefit transfer strengthens welfare delivery through Jan Dhan accounts, digital payments, reduced intermediaries, and expanded financial inclusion.
Direct Benefit Transfer has transferred welfare benefits directly to beneficiaries, largely through Jan Dhan accounts, reducing intermediaries and supporting transparent delivery. The Pradhan Mantri Jan Dhan Yojana provides unbanked adults basic accounts without minimum-balance or maintenance-charge requirements, along with RuPay debit cards, accident insurance coverage, and emergency overdraft access. Banking outlets, digital-payment infrastructure, and Bank Mitras extend formal financial services to women, rural and semi-urban communities, strengthening financial inclusion and participation in the formal economy.
August 28, 2026
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Foreign exchange reserves reached a record level, supported by increases in foreign currency assets and gold holdings.
India's foreign exchange reserves increased by USD 12.422 billion to an all-time high of USD 729.328 billion for the week ended 21 August. Foreign currency assets and gold reserves recorded the principal increases, while special drawing rights and the reserve position with the IMF also rose. Foreign currency asset valuation reflects movements in non-US currencies held in the reserves. FCNR(B) and concessional swap arrangements were introduced to attract additional foreign-exchange inflows.
August 28, 2026
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IPO regulatory approval enables Jio Platforms to advance preparations for its proposed fresh equity share public offering.
Jio Platforms Ltd. has obtained Sebi's final observations for its proposed initial public offering. This key regulatory stage enables further preparations for the public issue, subject to applicable regulatory requirements. The proposed offering comprises up to 27 crore fresh equity shares and is expected to account for approximately 2.9 per cent of the company's post-issue equity base.
August 28, 2026
Show AI Summary
Financial inclusion through basic bank accounts expands banking access with no-balance accounts, debit cards, and emergency overdraft support.
Pradhan Mantri Jan Dhan Yojana enables unbanked adults to open basic bank accounts without minimum-balance or maintenance-charge requirements. Accounts include a free RuPay debit card with accident insurance coverage and eligibility for an overdraft facility during emergencies. The scheme promotes digital transactions, financial security and participation in the formal economy, while extending banking access to rural and semi-urban communities and increasing women's financial inclusion.
August 28, 2026
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Flexible personal loan repayment enables eligible borrowers to select longer tenures, subject to eligibility, terms, verification, and repayment capacity.
Bajaj Finance personal loans offer eligible customers collateral-free borrowing with flexible repayment tenures of 12 to 108 months, subject to eligibility, applicable terms, verification and documentation. A longer tenure may reduce monthly EMIs by spreading repayment over more months, but can increase total interest payable. Borrowers should compare the interest rate, tenure, EMI, processing charges and other costs, while considering their income, existing commitments and repayment capacity. Loan Utsav 2026 provides limited-period rewards for eligible customers whose loans are successfully disbursed during the campaign period, subject to applicable terms.
August 28, 2026
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Digital arrest money laundering investigation tracks cyber-fraud proceeds through layered bank accounts, cash withdrawals, and foreign-exchange conversion.
Arrests under the Prevention of Money Laundering Act form part of an investigation into alleged digital arrest cyber fraud and laundering of fraud proceeds. Funds were reportedly routed through numerous bank accounts, withdrawn in cash, and converted into foreign currency through licensed money changers. The financial trail is linked to commodity trading, travel and foreign-exchange entities allegedly connected with cyber-fraud complaints and first information reports. The inquiry also identified alleged shell or dummy companies using proxy directors to conceal control and facilitate fund movement.
August 28, 2026
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Foreign exchange intervention and lower crude prices supported rupee appreciation despite a stronger dollar and foreign institutional investor outflows.
Foreign exchange market conditions supported a six-paise appreciation of the rupee against the US dollar at the close of trading. Lower global crude oil prices and Reserve Bank of India intervention to limit significant rupee depreciation contributed to the movement. A marginal strengthening of the US dollar and foreign institutional investor equity outflows continued to exert pressure, while FCNR(B) scheme inflows supported the currency.
August 28, 2026
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Cyber fraud impersonating enforcement officials coerced a senior citizen into bank and cryptocurrency transfers through terror-funding threats.
Cyber fraudsters allegedly impersonated public officials and threatened a senior citizen with implication in money laundering, terror funding and cybercrime. Using WhatsApp video calls and purported official notices, they allegedly induced the victim to transfer funds to multiple bank accounts and a cryptocurrency wallet on the pretext of proving innocence. The victim reportedly liquidated fixed deposits and mutual fund investments before identifying the deception and reporting it through the cybercrime helpline. A cyber police case was registered for further investigation.
August 28, 2026
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Rupee depreciation against US dollar reflects foreign investor outflows and crude supply disruptions, moderated by weaker dollar and oil prices.
Foreign institutional investor outflows and disruptions in global crude oil supplies placed downward pressure on the rupee against the US dollar. A weaker dollar index and lower Brent crude prices moderated the decline. Market commentary anticipated a narrow trading range, with expected Reserve Bank of India protection at the upper end and oil importer, month-end, and importer demand supporting the lower end. Participants also monitored the US Federal Reserve Chair's Jackson Hole speech.
August 27, 2026
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Emergency flood response measures coordinate rescues, suspend cross-border transport, and address risks to public safety.
Severe flash floods in Nepal and along the Nepal-Tibet border prompted cross-border rescue coordination for missing and stranded persons, warnings of continued downstream flood risk, and international relief support. Preventive public-safety measures included temporary suspension of an Indo-Nepal bus service. Separate developments included disruption of public services during an employee strike, investigation of an aircraft crash, market measures affecting sugar and onion prices, and proposed trade engagement for greater market access for basmati rice and processed food exports.
August 27, 2026
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Regulatory review of fraud allegations requires timely consideration of representations while merits and standing remain undecided.
SEBI must consider and decide, within two weeks, representations alleging fraud by an Indian logistics company and its subsidiary. The allegations concern systematic over-invoicing of freight charges and forged documentation, with a parallel criminal investigation based on an FIR registered by the Delhi Police Economic Offences Wing. No determination has been made on the merits of the allegations or the complainant's standing to approach SEBI. The allegations and criminal proceedings were disclosed in IPO offer documents.
August 27, 2026
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Personal insolvency repayment plans test creditor voting thresholds, valuation safeguards, and limits on commercial review under insolvency law.
Personal insolvency resolution under the Insolvency and Bankruptcy Code involved approval of a repayment plan providing for payment of Rs 6.25 crore to creditors and Rs 25 lakh towards process costs against admitted creditor claims of about Rs 22,006.57 crore. Objections by dissenting creditors were rejected because they held less than 20 per cent of voting share, while the plan received 80.81 per cent support. Valuation indicated that the personal estate was worth less than the amount offered, and the tribunal declined to replace creditor commercial wisdom or assess settlement adequacy.
August 27, 2026
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Sovereign credit rating stability reflects policy continuity, infrastructure investment, external strength, and fiscal consolidation pressures.
India's sovereign credit rating retained a BBB stable outlook, supported by strong growth, an external balance sheet, stable institutions, policy predictability, and infrastructure investment. Public investment and consumer demand are expected to sustain growth and assist fiscal consolidation. Constraints include weak fiscal performance, elevated government debt and interest burdens, and low per-capita income. Long-term rating support depends on financing infrastructure investment without materially widening the current-account deficit and on reducing the fiscal deficit through stable fiscal and monetary policies.
August 27, 2026
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Sugar import liberalisation and stockholding limits seek to moderate retail prices amid constrained domestic supply and restricted exports.
Sugar price-control measures combine duty-free raw sugar imports, stockholding limits for dealers and bulk consumers, and an export prohibition to address elevated retail prices and curb hoarding. Domestic supply remains constrained by reduced sugarcane output, prior exports and diversion of sugar to ethanol. Net production is estimated below projected domestic demand, while closing stocks are expected to remain limited. Import access, inventory restrictions and export controls therefore operate as market-stabilisation mechanisms.
August 27, 2026
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Money-laundering investigation into alleged homebuyer fraud led to searches and freezing of assets linked to realty promoters.
Money-laundering proceedings were initiated under the Prevention of Money Laundering Act on the basis of police FIRs alleging fraudulent inducement and non-delivery of residential plots. Searches at premises linked to real estate promoters resulted in the seizure or freezing of luxury vehicles, jewellery, bank accounts and securities. The investigation alleges that substantial upfront payments for residential plots were received, but a significant portion of promised plots remained undelivered, and certain plots were allegedly sold to third parties without consent.
August 27, 2026
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Commercial card governance enables configurable credit, approvals, virtual cards and controlled supplier payments across enterprise payment workflows.
SpendFlow combines commercial card program configuration, credit management, virtual cards, spend controls, approvals, supplier payments, billing and accounting in one architecture. It supports centrally governed rules with approved corporate-level variations, enterprise hierarchy management, and virtual cards linked to entities, employees, accounts or credit facilities. Multi-tier approvals and virtual-card supplier payments support controlled business payment functions, while core banking and ERP connectivity links card activity with banking and enterprise financial workflows.
August 27, 2026
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Basmati rice market access may be pursued through trade agreement review, subject to import limits and safety standards.
Market access for Indian basmati rice may be pursued through review of the Comprehensive Economic Partnership Agreement, as rice remains a sensitive sector subject to import quantity limits and duties beyond permitted quantities. Processed food exports offer further opportunities where exporters comply with Japanese quality and safety standards. Bilateral cooperation also covers investment, supply chains, technology partnerships and capital flows supporting infrastructure, manufacturing and semiconductor ecosystems.
August 27, 2026
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Capital allocation discipline governs consideration of further Air India funding alongside business strategy, cash flow and investment requirements.
Further capital investment in Air India will be evaluated by Singapore Airlines' board through a disciplined capital-allocation process. Assessment will consider the group's capital requirements, Air India's business strategy, operating cash flow, investment needs for aircraft and products, and multi-hub investments intended to support long-term growth and returns. As a significant minority shareholder, Singapore Airlines supports Air India's transformation programme with Tata Sons, but no commitment to provide additional capital is indicated.
August 27, 2026
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Semiconductor investment cooperation anchors expanded India-Japan industrial partnerships across technology, manufacturing, clean energy, infrastructure, and financial services.
Semiconductor and artificial-intelligence cooperation centres on a six-pillar semiconductor strategy encompassing chip design, semiconductor machinery and materials, fabrication, ATMP/OSAT, research and development, and talent development. Japanese participation is sought across semiconductor materials and equipment, power semiconductors, electronics, AI, logistics and related advanced technologies. Development of semiconductor clusters is linked to reliable power, ultra-pure water, skilled manpower and social infrastructure.
August 27, 2026
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Financial inclusion through basic bank accounts enables direct welfare transfers, digital payments, insurance access and credit for excluded households.
PMJDY provides unbanked adults with basic bank accounts without minimum-balance or maintenance-charge requirements, free RuPay debit cards with accident insurance cover, and eligible overdraft support. Through the JAM framework, PMJDY accounts enable direct transfer of welfare benefits using bank accounts, Aadhaar-based biometric verification and mobile connectivity, reducing intermediary involvement and delays. The scheme emphasises rural, semi-urban, marginalised and women account holders while supporting access to insurance, pensions, savings, digital payments and credit, including MUDRA loans.

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August 27, 2026

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New Delhi, Aug 27 (PTI) Following are the top stories at 9.12 pm: TOP STORIES FGN55 NEPAL-FLOODS-LD TOLL (6.17 PM)

Death toll in Nepal flash floods rises to 359: Police Kathmandu: The death toll from Nepal's devastating flash floods surged to 359 on Thursday, after rescuers recovered more bodies from the affected districts, police said. By Shirish B Pradhan

DEL91 NEPAL-FLOODS-3RDLD INDIA (8.59 PM)

Flash floods along Nepal-Tibet border leave 290 Indians missing, 200 stranded New Delhi: At least 290 Indians remain missing and around 200 others are stranded on the Chinese side following devastating flash floods along the Nepal-Tibet border, with New Delhi in constant contact with authorities in both nations to coordinate their rescue, the Ministry of External Affairs (MEA) said on Thursday.

FGN56 NEPAL-FLOODS-ALERT (6.34 PM)

Fresh flood risk persists downstream of Nepal’s Bhote Koshi as new lake forms Kathmandu: A fresh flood risk persists in downstream areas of the Bhote Koshi River in Nepal's Rasuwa district after a new barrier lake formed near the river's source, with Chinese authorities warning that the lake could breach, officials said on Thursday. By Shirish B Pradhan

DEL71 DL-RACE CLUB-DEMOLITION (7.03 PM)

Bulldozers bring down age-old structures as Centre takes possession of Delhi Race Club New Delhi: Demolition work at the Delhi Race Club commenced in the morning hours on Thursday, shortly after the Centre took possession of the club’s 53-acre premises, marking a dramatic end to horse racing activities at the century-old institution.

NATION DEL63 KHARGE-PM-LD DELIMITATION (6.30 PM)

Share delimitation plans, freeze current LS strength for next 25 years: Kharge to PM New Delhi: Congress president Mallikarjun Kharge on Thursday urged Prime Minister Narendra Modi to share with all political parties the government's proposals for delimitation and called for a 25-year freeze on the Lok Sabha's existing strength of 543, as well as the introduction of one-third reservation for women from the 2029 elections.

BOM23 GJ-NEPAL FLOODS-MISSING (6.21 PM)

11 from Gujarat missing in flood-hit Nepal Ahmedabad: Eleven persons from Gujarat remain missing in flood-hit Nepal, with authorities establishing contact with one woman who was earlier reported untraceable but was found to be safe later, officials said on Wednesday.

CAL38 WB-NEPAL-SUVENDU (7.18 PM)

32 from Bengal missing in Nepal flash flood; contact established with one: Suvendu Kolkata: West Bengal Chief Minister Suvendu Adhikari on Thursday said that 32 people from the state have gone missing in the devastating flash floods in Nepal, and contact has been established with one.

DEL74 DL-DTC-INDO-NEPAL (7.17 PM)

Indo-Nepal bus service on Aug 28, 29 held up due to flash floods: DTC New Delhi: The Delhi government has temporarily put on hold the "Indo-Nepal Maitri Bus Sewa" for the next two days as a preventive measure due to massive flash floods, an official order said on Thursday.

DEL90 PB-EMPLOYEES-2NDLD STRIKE (8.40 PM)

Punjab govt employees strike; public services disrupted, OPD services hit Chandigarh/Ferozepur: Work was affected in various government departments and OPD services remained suspended in public hospitals in Punjab on Thursday as over three lakh government employees went on a statewide strike pressing for their demands that included release of pending dearness allowance.

DEL89 UP-AIRCRAFT-3RDLD CRASH (8.36 PM)

Trainee pilot, instructor killed as training aircraft crashes in Kanpur; DGCA to probe cause Kanpur: A trainee pilot and an instructor were killed on Thursday when a twin-engine training aircraft crashed near the Ganga in Kanpur, with a three-member DGCA team set to probe whether a technical or human error caused the accident, officials said.

CAL46 BH-STUDENT PROTEST-CM (8.29 PM)

Upcoming teachers' recruitment exam to be held in single phase: Bihar CM Patna: The teachers' recruitment exams to be conducted by the Bihar Public Service Commission next month will be held in a single phase, Chief Minister Samrat Choudhary said on Thursday, acceding to a major demand of protesting job aspirants.

MDS30 TN-ASSEMBLY-CM-LD CHAIR (6.17 PM)

In a first, TN CM Vijay sits along with ministers in Assembly Chennai: Tamil Nadu Chief Minister C Joseph Vijay on Thursday made heads turn in the state Assembly when he casually moved from his chair in the House and sat besides ministers in the front row, marking a major departure from a long-standing tradition vis-a-vis seating.

CAL39 WB-ABHISHEK-COPS-2NDLD BILLBOARDS (7.26 PM)

Chaos at Abhishek Banerjee's Kolkata office as civic body removes 'unauthorised' TMC billbord Kolkata: TMC leader Abhishek Banerjee's private guards, supporters and some party leaders on Thursday scuffled with police and Kolkata Municipal Corporation officials, trying to prevent them from entering the Lok Sabha MP's office on Camac Street and dismantling an "unauthorised" billboard.

CAL43 MN-LDALL AMBUSH (8.24 PM)

Four killed, one injured as militants ambush vehicle in Manipur; CM orders arrest of culprits Imphal: At least four members of the Naga community were killed and one was injured when armed militants ambushed their vehicle in a forested region of Kangpokpi district of Manipur, officials said.

BUSINESS DEL73 BIZ-SUGAR-PRICES (7.16 PM)

Sugar prices ease marginally to Rs 64.33 per kg on Thursday New Delhi: Sugar prices eased marginally on Thursday to Rs 64.33 per kg in the retail market following the government's measures to allow imports, imposition of stockholding curbs and crackdown on hoarders.

DEL49 BIZ-ONION-GOVT (5.22 PM)

Centre starts selling onion at a discounted price of Rs 35 per kg in national capital New Delhi: The Centre on Thursday started retail sale of onion at Rs 35 per kg in the national capital, a 44 per cent discount from the current market price, as part of its efforts to provide relief to common people and control rates.

FGN48 BIZ-GOYAL-RICE-JAPAN (5.36 PM)

Will talk to Japan on increasing basmati rice exports from India: Goyal Osaka: Commerce and Industry Minister Piyush Goyal on Thursday said India will take up the issue of greater market access for basmati rice with Japan during a review of the trade agreement, and explore opportunities for exports of processed food products. By Rajesh Rai

FOREIGN FGN60 UN-NEPAL-CHINA-FLOODS (7.12 PM)

UN chief voices deep sadness over flooding in Nepal, China; $2 mn allocated for relief United Nations: UN Secretary General Antonio Guterres has voiced deep sadness over the severe flooding in Nepal and China that has claimed many lives and caused widespread destruction, as the world body allocated an initial tranche of USD 2 million for relief operations. By Yoshita Singh

FGN58 NEPAL-FLOODS-LAMICHHANE (6.55 PM)

Nepal all-party meet calls for coordinated rescue, relief operations in flood-hit areas Kathmandu: Nepal's ruling Rastriya Swatantra Party president Ravi Lamichhane on Thursday convened an all-party meeting in Kathmandu to discuss coordinated search-and-rescue operations and relief efforts following devastating floods. By Shirish B Pradhan

FGN50 UK-NEPAL-FLOODS (5.38 PM)

UK offers funds, emergency responders to Nepal after flash floods London: The UK on Thursday offered 5 million pounds and emergency responders to Nepal after flash floods in the country claimed hundreds of lives and left over a thousand missing, including around 33 British nationals. By Aditi Khanna

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