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RBI to Enable Interoperability Among Account Aggregators by 2026

The Reserve Bank of India (RBI) announced it will allow interoperability among Non-Banking Finance Company account aggregators (NBFC-AAs), enabling individuals to access all their financial asset information on a single platform. This framework will be implemented by December 31, 2026. RBI will also integrate bank deposit data regulated by SEBI into consolidated account statements (CAS), providing a unified financial overview with customer consent, said RBI Governor Sanjay Malhotra.

Hindu Business··Mumbai

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Politics

DHS Proposes $70,000 OPT Fee for First-Time F-1 Students

The Department of Homeland Security proposed a rule imposing a $70,000 fee on schools for first-time F-1 students participating in the OPT program, and $30,000 for each subsequent OPT authorization, including STEM OPT extensions. DHS clarified this fee is not a backdoor method targeting international students, as schools are responsible for payment, not the students themselves.

TOI World·

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Business

Russia's Crude Oil Exports to India Surpass $43 Billion

Russia is becoming a major energy partner for India, supplying nearly half of India's oil imports. In 2025, crude oil purchases from Russia exceeded $43 billion. A senior Russian diplomat reported a 25% increase in deliveries during the first half of 2026. Both countries are also exploring joint investments in oil, gas, and nuclear energy sectors.

Economic Times·

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Business

Iraq Devalues Currency Amid Mideast War Disruptions

Iraq's Central Bank has devalued the dinar from 1,300 to 1,500 per US dollar following a Cabinet meeting addressing economic and monetary challenges. The move aims to bridge the gap between official and market rates, which widened due to regional conflicts disrupting oil shipping routes. The market rate surged further after the announcement, highlighting ongoing economic difficulties.

ET Markets·

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Politics

Karnataka HC Orders Use of 'Parenting Time' Instead of 'Visitation' in Custody Cases

The Karnataka High Court has directed all family courts to replace the term 'visitation' with 'parenting time' in child custody cases under the Guardian and Wards Act. Justice Lalitha Kanneganti emphasized that no parent is a visitor in a child's life. The court issued this interim order during a custody dispute involving a nine-year-old boy and instructed the Registrar General to circulate the directive to all family courts.

Deccan Herald··Bengaluru

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Politics

Priyanka Gandhi Protests on Road as Rahul Gandhi, MPs Detained

Rahul Gandhi and I.N.D.I.A. MPs clashed with police in New Delhi for the second day demanding Chief Election Commissioner Gyanesh Kumar's resignation. Priyanka Gandhi Vadra lay on the road during the protest while lawmakers were detained. Police blocked roads near Jantar Mantar to stop an indefinite protest. Rahul Gandhi vowed to continue protesting despite detention after an eight-hour standoff.

Deccan Herald··New Delhi

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