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    Freedom to Spend Smarter: AU Small Finance Bank Credit Cards Bring Rewards, EMI Flexibility and Lounge Access to India''s Biggest Shopping Month
    Rupee falls 8 paise to 95.25 against US dollar in early trade
    APEDA Facilitates First-Ever Export of GI-tagged Mithila Makhana by Sea Route from Bihar to Australia
    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
    No Charges for UPI Users
    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
    ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executives
    RJD criticises UDF govt's move not to disburse pensions through cooperative banks
    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
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August 10, 2026
Show AI Summary
Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
August 10, 2026
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Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
August 10, 2026
Show AI Summary
GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
August 10, 2026
Show AI Summary
Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
August 10, 2026
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UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
August 10, 2026
Show AI Summary
Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
August 10, 2026
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Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
August 9, 2026
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Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
August 9, 2026
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GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
August 9, 2026
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Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
August 9, 2026
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Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
August 8, 2026
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Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
August 8, 2026
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
August 7, 2026
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Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.

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HIGHLIGHTS

September 2, 2026

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New Delhi, Sep 2 (PTI) Following are the top stories at 5 PM: NATION: DEL25 RIJIJU-GDP-CONGRESS (3.36 PM)

‘Is it in state of deep intoxication?’ Rijiju slams Congress for questioning GDP numbers New Delhi: Attacking the Congress for questioning India’s GDP numbers, Union minister Kiren Rijiju on Wednesday asked if the opposition party was in a “state of deep intoxication” or had become “so swayed by their blind loathing of India's growth that they lost touch with ground reality”.

BOM24 MH-RAHUL-LD BJP-PROTEST (3.48 PM)

Rahul in Nashik: BJP accuses Cong of opposing women’s reservation; Chavan hits back with RSS jibe Mumbai: BJP leaders protested in Nashik on Wednesday against Congress MP Rahul Gandhi’s visit to the city, accusing his party of opposing women’s representation in Parliament and state assemblies.

DEL17 SIBAL-LD SIR (1.39 PM)

SIR aimed at helping BJP win polls, SC must stop bulk deletions: Sibal New Delhi: Rajya Sabha MP Kapil Sibal on Wednesday alleged that the SIR being carried out by the Election Commission is an exercise aimed at helping the BJP win elections and urged the Supreme Court to stop the "bulk deletions" taking place under it.

DEL22 UP-TEMPLE TRUST-2NDLD MEET (2.33 PM)

Ram temple trust set to appoint first CEO Ayodhya (UP): The Shri Ram Janmbhoomi Teerth Kshetra Trust is set to appoint the first full-time chief executive officer (CEO) of the Ram temple here from a shortlist of three candidates picked from 5,585 applications.

DEL24 BJP-PB-CORRUPTION (3.28 PM)

BJP alleges cash-for-transfer scam in Punjab, demands Mann'€™s resignation New Delhi: The BJP on Wednesday alleged corruption in transfer and posting of officials in Punjab and demanded that Chief Minister Bhagwant Mann immediately resign from his post to facilitate an impartial probe.

DEL30 TMC-POLICE - FIR (4.05 PM)

TMC alleges misuse of police in West Bengal against its members New Delhi: Alleging that police were being misused in West Bengal to target her party's leaders and activists, TMC Rajya Sabha deputy leader Sagarika Ghose on Wednesday said authorities were failing to upload FIRs online and serve mandatory notices to the accused.

DEL29 CONG-AIMIM-LD WAQAR (3.58 PM)

AIMIM spokesperson Syed Asim Waqar joins Congress, slams Owaisi-led outfit New Delhi: Syed Asim Waqar, who rose to prominence as an AIMIM spokesperson, joined the Congress on Wednesday and took a swipe at the Asaduddin Owaisi-led party, alleging that it pays lip service to removing the BJP from power but on the ground fights those seeking to dislodge the ruling party.

BOM23 CG- LD VICE PRESIDENT (3.04 PM)

Chhattisgarh emerges from Naxal menace; witnessing new dawn of development: V-P Radhakrishnan Raipur: Vice President C P Radhakrishnan on Wednesday said parts of Chhattisgarh had faced the grave challenge of Left Wing Extremism (LWE) for decades, but the state has now overcome the menace and is witnessing a new dawn of development, progress and prosperity.

CAL11 MN-ASSEMBLY-LD KUKI MLAs (1.49 PM)

Kuki MLAs attend Manipur Assembly session for first time since ethnic strife eruption Imphal: Kuki MLAs on Wednesday attended a session of the Manipur Assembly in Imphal for the first time since ethnic strife erupted in the state over three years ago, officials said.

LEGAL: LGD10 DL-HC-TRANSGENDER-ARREST (4.12 PM)

Take steps on formulating SOP for arresting transgender person: HC to Centre, Delhi Police New Delhi: The high court here on Wednesday asked the Centre and Delhi Police to take appropriate steps for the formulation of an SOP on the arrest and detention of transgender persons here.

LGD9 SC-BCI (1.04 PM)

Any policy decision by BCI to be taken in consultation with AG, Solicitor General: SC New Delhi: The Supreme Court on Wednesday said the Bar Council of India (BCI) has to take any policy decision in consultation with the Attorney General for India and the Solicitor General.

BOM21 MH-HC-DISHA SALIAN-2ND LD PROBE (2.00 PM)

Disha Salian death: Bombay HC orders CBI probe; raps police for delay in investigation Mumbai: The Bombay High Court on Wednesday ordered a CBI probe into the death of Disha Salian, former manager of late actor Sushant Singh Rajput, and pulled up the city police for not registering an FIR for six years, saying their investigation "raises more questions than answers".

BUSINESS: DEL34 BIZ-FSSAI-HOTELS (4.39 PM)

Strictly follow food safety norms; zero tolerance for violations: FSSAI tells 5-star hotel operators New Delhi: Sending out a strong message after multiple violations by hotels, watchdog FSSAI has asked all leading 5-star hospitality firms in the country to strictly follow food safety norms and ensure hygiene benchmarks.

DEL15 BIZ-NCLAT-CHANDRA (1.34 PM)

In personal insolvency case before NCLAT, Subhash Chandra opposes formation of 5-member NCLT bench New Delhi: Essel Group Chairman Subhash Chandra on Wednesday opposed the formation of a five-member bench by the NCLT to decide his personal insolvency case, contending that the tribunal does not have the power to constitute such a bench.

DEL21 BIZ-INDIA-RATING-UPGRADE (2.29 PM)

Japan's JCR upgrades India's sovereign rating to 'A-', cites solid growth, improved financial system New Delhi: Japanese credit rating agency JCR on Wednesday upgraded India's sovereign rating to 'A-' with a stable outlook, citing "solid" economic growth and improved financial parameters.

FOREIGN: FGN28 NEPAL-LD FLOODS (1.04 PM)

Nepal flash flood death toll rises to 1,127; rescuers race to reach thousands missing Kathmandu: The death toll from Nepal's devastating flash floods rose to 1,127 on Wednesday as rescuers are racing to find thousands still missing a week after the Himalayan disaster, police said. By Shirish B Pradhan

FGN36 NEPAL-FLOODS-PM (3.24 PM)

Nepal needs to fight Bhotekoshi floods crisis with 'determination and courage': PM Shah Kathmandu: Nepal’s Prime Minister Balendra Shah on Wednesday briefed the House of Representatives about the devastation caused by the Bhotekoshi floods, saying that “determination and courage” are needed to fight the crisis.

FGN31 PAK-SOCIALMEDIA-BAN (1.38 PM)

Pakistan's Punjab Assembly seeks ban on social media accounts for children under 16 Lahore: Pakistan's Punjab Assembly has passed a resolution seeking an effective legal ban on social media accounts for children under the age of 16, amid growing concerns over cyberbullying, online exploitation and the harmful effects of excessive screen time on minors. By M Zulqernain

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