RBI imposes ₹4.8 lakh penalty on three entities for lapses
The Reserve Bank of India has fined three entities a total of ₹4.80 lakh for separate compliance failures. The penalties were announced on August 6 and 11, 2026, based on inspections and…
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Official India: RBI, SEBI, and government announcements, decoded into plain English.
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RBI sets SGB premature redemption prices at Rs 14,957 and Rs 15,102
The Reserve Bank of India has fixed premature redemption prices for two Sovereign Gold Bond tranches due in August 2026. For SGB 2019-20 Series IX and SGB 2020-21 Series V, the redemption…
Odisha sons arrested for declaring mother dead to take her property
Two brothers were arrested in Odisha's Bhadrak district for allegedly showing their 60-year-old mother as dead in official records and transferring her house and land to their names, police said. Aisha Bibi…
Madras HC orders district-level SITs to probe fake insurance claims
Madras High Court has ordered the state government to form special investigation teams in every district to probe fraudulent insurance claims. The court noted an 'unholy nexus' among claimants, repair shops, police,…
Over 36,000 private firms shut in Maharashtra; minister wants probe
Industries minister Uday Samant said the state government had no information about the reported closure of over 36,000 private companies in Maharashtra, and would investigate the data provided by the Centre. The…
IAS officer Tukaram Mundhe gets standing ovation in Pune
Maharashtra Food and Drug Administration Commissioner Tukaram Mundhe received a hero's welcome at a public event in Pune. The audience gave the IAS officer a standing ovation as he walked towards the…
MP advisor calls Lord Krishna ‘greatest Gen Z at 12’ in scholarship row
Madhya Pradesh Chief Minister's cultural advisor Shriram Tiwari has said Lord Krishna was the world's greatest Gen Z figure, having achieved remarkable feats at age 12. The remark comes amid a political…
Labour participation dips to 54.6%, rural jobs shift from farms
India's labour force participation rate (LFPR) for people aged 15 and above fell to 54.6% in April-June 2026, down from 55.5% in the previous quarter, according to the latest Periodic Labour Force…
Centre rules out national project status for Telangana lift scheme
The Union government has told Parliament that granting national project status to the Palamuru-Rangareddy Lift Irrigation Scheme is not under consideration. Minister of State for Jal Shakti Raj Bhushan Choudhary said the…
Karnataka cabinet to discuss drought, crop losses on August 13
The Karnataka cabinet will discuss the drought-like situation and crop losses on Thursday, August 13, Minister Priyank Kharge said on Monday after inspecting rain-hit fields in Kalaburagi. The state has recorded a…
