Bilateral trade engagement: Canada and India agree to advance Comprehensive Economic Partnership negotiations and explore investment promotion.
Bilateral trade engagement focused on advancing Comprehensive Economic Partnership Agreement negotiations and promoting Canadian investment into India, with both Ministers expressing intent to identify investment barriers and develop strategies to enhance investment. The exchange highlighted sectoral cooperation potential in food processing, energy and education as areas where Canada can contribute, noting a favourable policy environment in India that could support business engagement and job creation.

Banks must build structures and practices to ensure fair, simple and secure customer service, including clear liability and stronger complaint handling.
Banks must establish organisational structures and operational practices to deliver superior, efficient and fair customer service based on BCSBI codes, with stronger implementation through nodal officer action, root cause analysis of complaints, improved customer databases to prevent fraud, adherence to Treating Customers Fairly principles including clarity of liability and product simplicity, and preparedness for forthcoming comprehensive RBI consumer protection regulations imposing explicit customer rights and banker duties.

Risk management in banks: stronger capital, liquidity and macro prudential safeguards to contain systemic vulnerabilities.
Risk management requires identification, measurement, monitoring and reporting to ensure returns align with risk appetite and preserve solvency. Basel III raises loss absorbing capital quality and quantity, prescribes capital buffers, a leverage back stop, and liquidity standards (LCR and NSFR). The Reserve Bank of India is implementing these standards in phases with augmented national measures-enhanced disclosures, liquidity guidance, securitisation norms, exposure limits, frameworks for domestic systemic banks, a proposed Countercyclical Capital Buffer, and forward looking provisioning-while emphasising governance, independent risk functions, MIS, stress testing and balanced use of models and judgment.