Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
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Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration. Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.
Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels. Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging. Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination. NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow. The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements. Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions. The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism. The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring. The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices. The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June. Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law. Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels. Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management. The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity. Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse. Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback. Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions. Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review. Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls. The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
Government Aiming at Double Digit GDP Growth in Medium Term - One Trillion US Dollar Required for Infrastructure Sector - Financial Sector Legislative Reforms Commission to be Set up to Clean up Financial Sector Laws: FM
November 19, 2010
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Union Finance Minister Shri Pranab Mukherjee said that the Government is aiming at a double digit GDP growth in the medium term. He said that there is already an upturn in investment and private consumption demand, revival of merchandise exports and buoyancy in capital flows which can support this growth.
Shri Mukherjee was addressing the dignitaries, senior officials, staff and customers of Canara Bank on Founders' Day Celebration of Canara Bank here today. Shri Mukherjee said that the Government has set the target for private and public sector investment in infrastructure to the tune of US1 trillion dollars for the next Five Year Plan. Mr. Mukherjee said that Banks as financial intermediaries have an important role to play in India's growth story. He said that as requirements for infrastructure investment picks up, banks will have to prudentially manage asset liability mismatches. He said that banks also need to make use of innovative credit enhancement mechanism and take out financing for bridging gap between demand and supply of long-term funds.
Finance Minister Shri Mukherjee said that financial inclusion, which is core to the Government's policy agenda, is carried forward in a cost effective manner. He said that the Government is in favour of cost effective technology solutions, implicit and explicit incentives and commitment to increase financial penetration of affordable banking services particularly in the rural and unorganized sectors. He expressed his happiness about the progress made by public sector banks in terms of increasing their penetration and outreach in underbanked and unbanked areas. He said that banks have formulated their Financial Inclusion Plans for 73,000 habitations in the country with population of more than 2000 and these are being monitored at the Central and the State level.
The Finance Minister Shri Mukherjee said with a view to strengthen and institutionalize the mechanism for maintaining financial stability and to address certain regulatory concerns in the Financial sector, the Government of India has decided to set up an apex-level Financial Stability and Development Council (FSDC). He said that the Government has also decided to set-up a financial Sector Legislative Reforms Commission (FSLRC) to rewrite and clean up the financial sector laws and bring them in the line with the requirements of the sector.
Shri Mukherjee said though on-going reforms should help further strengthen and stabilise the financial sector, the emerging challenges before banks cannot be overlooked. He said that care should be taken to ensure that there is no further deterioration of the asset quality as reflected by the increase in the proportion of doubtful and loss assets in the NPA portfolio of banks in 2009-10. He said that the banks at the same time should meet the additional provisioning norms to provide a cushion against asset slippages while maintaining profitability.
The text of the speech made by the Union Finance Minister Shri Pranab Mukherjee on the occasion of Founder's Day celebration of Canara Bank here today is as follows :
I am happy to be here today on the occasion of the Founder's Day of Canara Bank. It is indeed a befitting tribute to Shri Ammembal Subba Rao Pai, the founding father of this bank, that five important initiatives are being launched today in his memory. The bank will be opening 100 additional branches, including 10 Micro Finance Branches; installing 105 ATMs; launching 50,000 smart cards through business correspondents; issuing general credit cards to 100,000 beneficiaries and opening financial literacy and credit counseling centres (FLCC) in 10 districts. I congratulate the bank for these initiatives for financial inclusion.
It is important that financial inclusion, which is core to the Government's policy agenda, is carried forward in a cost effective manner. The Government is in favour of cost effective technology solutions, implicit and explicit incentives and commitment to increase financial penetration of affordable banking services particularly in the rural and unorganized sectors. I am happy to note the progress made by public sector banks in terms of increasing their penetration and outreach in underbanked and unbanked areas. Banks have formulated their Financial Inclusion Plans for 73,000 habitations in the country with population of more than 2000 and these are being monitored at the Central and the State level.
We are aiming at a double digit GDP growth in the medium term. Banks as financial intermediaries have an important role to play in India's growth story. There is already an upturn in investment and private consumption demand, revival of merchandise exports and buoyancy in capital flows which can support this growth. Government has set a target for private and public sector investment in infrastructure of US$ 1 trillion for the next Five Year Plan which should create jobs, improve connectivity, promote greater economic activity and productivity. As requirements for infrastructure investment picks up, banks will have to prudentially manage asset liability mismatches. Banks also need to make use of innovative credit enhancement mechanism and take out financing for bridging gap between demand and supply of long-term funds.
The global banking and financial system is currently undergoing structural transformation with standard setting institutions and national authorities framing new regulatory paradigms to address the weaknesses that emerged during the recent financial crisis. Banks will have to continue to augment their capital base to support higher credit growth and to build capital buffers for cyclical downturns.
With a view to strengthen and institutionalize the mechanism for maintaining financial stability and to address certain regulatory concerns in the financial sector, the government of India has decided to set up an apex-level financial stability and development council (FSDC). The Government has also decided to set-up a financial sector legislative reforms commission (FSLRC) to rewrite and clean up the financial sector laws and bring them in the line with the requirements of the sector.
Though the on-going reforms should help further strengthen and stabilise the financial sector, the emerging challenges before banks cannot be overlooked. One of these challenges concerns management of NPAs and maintaining profitability. Care should be taken to ensure that there is no further deterioration of the asset quality as reflected by the increase in the proportion of doubtful and loss assets in the NPA portfolio of banks in 2009-10. At the same time banks should meet the additional provisioning norms to provide a cushion against asset slippages while maintaining profitability.
In line with the vision of its founder Shri Ammembal Subba Rao Pai and the founding principles formulated over a century ago, the bank has successfully managed to blend commercial and social objectives. I am happy to note that Canara Bank is rapidly progressing in terms of business growth and profits while maintaining a commendable record in promoting financial inclusion, supporting micro, medium and small enterprises (MSMEs), providing finance to farmers and training to the unskilled workers in the rural areas. They need to improve their overseas presence consistent with their peers of comparable size.
I would like to take this occasion to compliment the entire Canara Bank team for their steadfast commitment to the development of the country. I am sure this mega branch opening exercise would spur Canara Bank to even greater heights. I wish the bank and all its employees every success in this venture.
Financial Sector Reform: establishment of apex council and law reform commission to strengthen financial stability and prudential duties.
The government will establish an apex-level Financial Stability and Development Council to institutionalize mechanisms for financial stability and a Financial Sector Legislative Reforms Commission to rewrite and clean up financial sector laws. Banks are directed to manage asset-liability mismatches prudently, employ credit enhancement and take out financing for long term funds, augment capital, and meet additional provisioning norms to guard against deterioration in asset quality. The policy also prioritises cost effective financial inclusion measures and expanded banking outreach.
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