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Chandigarh and Dadra & Nagar Haveli pioneer digital currency transfer for food subsidies

Chandigarh and Dadra & Nagar Haveli become the first Union Territories to implement programmable digital currency tokens for direct food subsidy transfers, promising improved transparency, speed, and security in welfare delivery. Chandigarh and Dadra & Nagar Haveli have become the…

  • apxadmin
  • August 15, 2026
  • Personal Finance & Wealth

Most personal loans remain non-transferable, complicating debt management for borrowers

While some mortgages and car loans can be transferred with lender approval, most personal loans are tied to the original borrower’s credit profile, limiting options for debt transfer and impacting long-term financial planning. Most personal loans cannot simply be handed…

  • apxadmin
  • August 15, 2026
  • Personal Finance & Wealth

India’s Jan Dhan scheme marks 12 years with over 58 crore accounts, but deeper financial utilisation remains a challenge

India celebrates 12 years of its flagship financial inclusion programme, Jan Dhan Yojana, which has opened over 58 crore accounts, yet faces challenges in driving deeper usage beyond account opening, especially in rural areas. India’s flagship financial inclusion programme has…

  • apxadmin
  • August 15, 2026
  • Tax, Laws & Money Explained

RBI's dollar swap scheme sparks record foreign inflows as reserves hit new high

The Reserve Bank of India has attracted over $56.84 billion through its concessional swap facility, boosting foreign exchange reserves to their highest level in recent weeks amidst ongoing global economic uncertainties. The Reserve Bank of India has attracted $56.84 billion…

  • apxadmin
  • August 15, 2026
  • Tax, Laws & Money Explained

LPG consumers face fuel access risks if Aadhaar e-KYC not completed by August 16, 2026

Households using Indane, Bharat Gas or HP Gas must complete Aadhaar-based e-KYC by August 16, 2026, or risk losing access to domestic LPG rates, amid confusion over the deadline and process options. LPG households using Indane, Bharat Gas or HP…

  • apxadmin
  • August 15, 2026
  • Markets & Investing

Bank Nifty remains stuck in a narrow trading range ahead of key cyclical trigger

The index continues to trade within a tight band amid defensive positioning, with traders awaiting a decisive move amid influenced by charts and astrological cues. Bank Nifty finished Friday still pinned inside a narrow trading band, a sign that intraday…

  • apxadmin
  • August 15, 2026
  • Markets & Investing

Madhusudan Kela's portfolio shows mixed performance with key winners and laggards in 2026

Madhusudan Kela’s disclosed holdings this year reveal a diverse mix of high performers and underperformers, highlighting the complexities of active investing in a volatile market environment. Madhusudan Kela’s disclosed holdings showed a mixed year by mid-August, with a handful of…

  • apxadmin
  • August 15, 2026
  • Markets & Investing

Patanjali Foods' Q1 profit soars 86% driven by sales growth in core segments

Patanjali Foods reported a significant 86% increase in first-quarter net profit, buoyed by strong performance in edible oils and FMCG segments, signalling sustained expansion amid a competitive market. Patanjali Foods reported a sharp rise in first-quarter profit as higher sales…

  • apxadmin
  • August 15, 2026
  • Fintech & Digital Money

UnionDigital Bank clarifies SSS LoanLite status amid ongoing testing and app glitches

UnionDigital Bank uses a Facebook Q&A session to dispel confusion over the still-in-testing SSS LoanLite microloan product, addressing eligibility, approval process, and technical issues faced by users ahead of official launch. UnionDigital Bank has used a live Facebook question-and-answer session…

  • apxadmin
  • August 15, 2026
  • Fintech & Digital Money

AI accelerates insurance document processing, reducing manual data entry bottlenecks

Insurance firms are increasingly adopting AI-powered document intelligence tools that can extract and standardise data from complex paperwork with high accuracy, enabling faster underwriting, claims processing, and improved customer satisfaction. Manual data entry has long been one of the most…

  • apxadmin
  • August 15, 2026
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