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    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
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    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    August 7, 2026
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    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
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    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
    August 7, 2026
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    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
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    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
    BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
    August 7, 2026
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    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
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    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
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    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
    August 6, 2026
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    Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
    Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
    August 6, 2026
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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.
    August 6, 2026
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    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.
    August 6, 2026
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    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.
    August 6, 2026
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    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.

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      Customs, DGFT & SEZ

      19 FDI Proposals Approved

      January 13, 2011

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      Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on December 31, 2011, Government has approved 19 Proposals of Foreign Direct Investment amounting to `Rs.4340.77 crore approximately. 

      Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 31.12.2010.    

                  Following 19 (Nineteen) proposals have been approved.

      Sl. No.

      Name of the applicant

      Particulars of the proposal

      FDI/NRIinflows (Rs. incrore)

      CORPORATE AFFAIRS

      1

      M/s Responsive Industries Ltd., Mumbai

      To issue warrants to carry out the business ofmanufacturing PVC products such as PVC leather cloth, vinyl floorings, rigid blister films and soft sheeting.

      1.75

      DEFENCE PRODUCTION

      2

      M/s EADS DeutschlandGmbH and M/s LARSEN & TOUBRO Ltd. Mumbai

      Induction of foreign equity upto 26 per cent to carryout the business of manufacturing, distributing andmarketing of products in the market segments of electronic warfare, military avionics, mobile systems (defence related) and radars.

      7.8

      ECONOMIC AFFAIRS

      3

      M/s Future VenturesIndia Limited, Mumbai

      Induction of foreign equity in investing company byway of issue and allotment of equity shares in the IPO of the company to FIIs and NRIs under the PortfolioInvestment Scheme (PIS).

      300.00

      4

      M/s StandardChartered Bank(Mauritius) Limited, Mauritius

      To acquire equity shares of an India company whichwill undertake additional business of operating a stockexchange and specifically trade in currency andinterest rate futures.

      4.50

      5

      M/s TSW Holding GmbH, Austria

      To set up a WOS to act as an investing company.

      0.01

      FINANCIAL SERVICES

      6

      The Karur Vysya BankLtd., Karur

      To issue partly paid up shares.

      107.50

      HEAVY INDUSTRY

      7

      M/s Yorozu Corporation, Japan

      To set up a JV Company to undertake the businessof manufacture of chassis, suspension parts and otherautomotive parts.  The proposal attracts para 4.2.2.2 of Circular No. 2 of 2010 of the Consolidated FDI Policy.

      140.00

      INFORMATION & BROADCASTING

      8

      M/s A&E TelevisionNetworks, LLC, New York, USA

      To subscribe to the equity shares of an Indiancompany engaged in up-linking and down-linking of Non-News and Current Affairs Channels in India.

      22.50

      POST

      9

      M/s Federal ExpressEurope Inc, USA

      To set up a WOS to undertake the business of Courier, Express Transportation, Logistics andWarehousing Services.

      607.00

      STEEL

      10

      M/s JFE Shoji TradeCorporation, Japan

      To subscribe to the shares of an Indian companyengaged in the business of manufacturing of various types of steel products.  The proposal attracts para4.2.2.2 of Circular No. 2 of 2010 of the Consolidated FDI Policy.

      38.39

      (USD 8,577,919)

      11

      M/s Tata SteelLimited, Mumbai

      To issue warrants as part of fund mobilization plan.

      1100.00

      INDUSTRIAL POLICY & PROMOTION

      12

      M/s EnnoreAutomotive LogisticsLimited

      To make amendment in the FC approval to bring innew foreign investor in an Investing Company.

      0.39

      DEFENCE PRODUCTION

      13

      M/s Lakshmi MachineWorks Ltd., Tamil Nadu

      To undertake new activities of manufacture parts, components and accessories for aircraft and spacecraft to be supplied to civil and defence sectors.

      No FreshInflow

      MINES

      14

      M/s HindalcoIndustries Ltd., Mumbai

      Ex-post-facto approval for issuance of partly paidup shares as part of Rights Issue.

      508.63 (already brought)

      TELECOMMUNICATIONS

      15

      M/s Wireless BusinessServices Pvt. Ltd., Mumbai

      Induction of foreign equity to carry out thebusiness of internet and broadband services.

      371.12

      16

      M/s Wireless Broadband BusinessServices (Haryana) Pvt. Ltd., Delhi

      Induction of foreign equity to carry out thebusiness of internet and broadband services.

      20.36

      17

      M/s Wireless Broadband BusinessServices (Delhi) Pvt. Ltd., Delhi

      Induction of foreign equity to carry out thebusiness of internet and broadband services.

      362.78

      18

      M/s Wireless Broadband BusinessServices (Kerala) Pvt. Ltd., Delhi

      Induction of foreign equity to carry out thebusiness of internet and broadband services.

      42.64

      ECONOMIC AFFAIRS

      19

      M/s Falcon Tyres Ltd., Karnataka

      Induction of foreign equity by way of issue partlypaid up shares.

      705.40

                  The following 16 (Sixteen) proposals have been deferred:

      Sl. No

      Name of theapplicant

      Particulars of the proposal

      1

      M/s Aim Star NetworkEnterprise Pvt. Ltd., Mumbai

      Induction of foreign equity upto 100 per cent to undertake the activities of trading of items sourced from Medium & Small Scalesector.

      2

      M/s Rhodia S.A., France

      To set up a WOS to undertake the activities relating tomanufacturing chemicals relating to polyamide meant for engineeringplastics and silica.  The proposal attracts para 4.2.2.2 of Circular No. 2 of 2010 of the Consolidated FDI Policy.

      3

      M/s RahimafroozBatteries Ltd., Bangladesh

      To set up a WOS to undertake import and wholesale distribution of batteries and providing after sales services in India by a companyfrom Bangladesh.

      4

      M/s Maini PrecisionProducts Pvt. Ltd., Bangalore

      To undertake defence related additional activities of manufactureof parts and accessories of aircrafts, spacecrafts.

      5

      M/s KantilalChhaganlal Securities Pvt. Ltd., Mumbai

      Ex-post-facto approval for issuance of warrants to carry out thebusiness of Stock broking activities in cash, futures and options segment.

      6

      M/s DhunseriInvestments Ltd., Kolkata

      To issue and allot equity shares to the non-resident shareholderconsequent upon demerger.

      7

      M/s NetmagicSolutions Pvt. Ltd., Mumbai

      To increase foreign equity from 49 per cent to 74 per cent to carryout the business of ISP with gateways.

      8

      M/s Mango Holding Limited, Bangladesh

      To subscribe to equity shares of an Indian company engaged in thebusiness of manufacturing and Supply of Wireless Equipment by a company from Bangladesh.

      9

      M/s Augere Wireless Broadband India Pvt. Ltd., Delhi

      To increase foreign equity from 49 per cent to 74 per cent to carryout the business of Broadband wireless services, internet services andother telecommunication related services.

      10

      M/s ABG Shipyard Ltd., Mumbai

      To enter into Defence Contracts

      11

      M/s JubilantAeronautics Pvt. Ltd. (JAPL), Delhi

      Induction of foreign equity to carry out the manufacturing ofdifferent types of Unmanned Aerial Systems (UAS) and accessories.

      12

      M/s VerizonCommunications IndiaPvt. Ltd.

      Transfer of equity shares from non-resident shareholder to non-resident group in Telecom Sector.

      13

      M/s Pran Beverages (India) Pvt. Ltd., Kolkata

      Induction of foreign equity by a company from Bangladesh.

      14

      M/s Checkmate Services Pvt. Ltd., Gujarat

      Induction of foreign equity in a company engaged in privatesecurity services.

      15

      M/s RelianceBroadcast Network Ltd., Mumbai

      Induction of foreign investment by FIIs, NRIs by way of freshallotment of shares by private placement or otherwise and/or investments through Stock Exchanges by way of portfolioinvestments, upto the limit of 20% of the total aid up capital of thecompany. The company is engaged in FM Radio Broadcasting.

      16

      M/s Essar CapitalHoldings (India) Ltd., Mumbai

      Acquisition of equity shares by way of subscription to new equity shares and/or purchase of existing equity shares in an investingcompany engaged in the telecom sector.

                  The following 2 (Two) proposals have been rejected:

      Sl. No

      Name of theapplicant

      Particulars of the proposal

      1

      Mr. JaishankarRamchandran and Nicholls Steyn & Associates (Pty) Ltd., South Africa

      Induction of foreign equity to carry out the business of PrivateSecurity Agency.

      2

      M/s B4U TelevisionNetwork (India) Pvt. Ltd.

      Induction of foreign equity by an erstwhile OCB to carry out thebusiness of up-linking a non-news and current affairs TV channel.

                      The following 1 (One) proposal has been withdrawn from the agenda:        

      Sl. No

      Name of the applicant

      Reasons

      1

       

      M/s Forbo Holding AG,Lindenstrasse, Switzerland

      This proposal attracts para 4.2.2.2 of Circular No. 2 of 2010 of the Consolidated FDI Policy. Applicant's contention regardingtermination of agreement is contested by Indian partner.

       

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