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    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
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August 7, 2026
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Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
August 7, 2026
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Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
August 7, 2026
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BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
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.

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Techniques of Improving Quality, Reliability and Productivity Can be Applied to Clean up Administration, Improve Reliability of Public Services and Increase Agricultural Productivity : FM

February 8, 2011

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Union Finance Minister, Shri Pranab Mukherjee has said that the techniques of improving quality, reliability and productivity can be applied to clean up administration, improve reliability of public services and increase agricultural productivity. He said that Indian Statistical Institute (ISI) can play a lead role in these areas that can bring about a positive change for the nation at large. Shri Mukherjee was speaking at the inaugural function of the International Congress on International Congress on Productivity, Quality, Reliability, Optimisation and Modelling-ICPQROM-2011 organized by the ISI along with the other two premier organisations Quality Council of India and Defence Research and Development Organisation (DRDO), here today. The International Congress was inaugurated by the Prime Minister of India.

Remembering Prof. P C Mahalanobis, the founder of ISI, Finance Minister Shri Mukherjee said it was he who had realized the need for launching a Statistical Quality Control (SQC) movement for large scale training of industrial managers, executives, engineers, technicians and also government officials. The Finance Minister further said that Indian Industry has benefited a lot from training and problem solving services offered by ISI at an affordable price. 

Finance Minister Shri Mukherjee said that the quality movement now brings together many subjects including reliability, optimization and modelling techniques. He said that the successful applications of these techniques help industries to improve quality of whatever they do. Shri Mukherjee said that in India many sectors like pharmaceuticals, high tech manufacturing, automobiles, design engineering, IT and ITES have successfully used these techniques to improve the quality of their offerings significantly. The Finance Minister said that in many of these fields, India is now considered to be a force to reckon with – a significant change from the scenario that we had a few decades back, the Minister said. 

Shri Mukherjee said that with the passage of time, the form of the quality challenge has changed. With the massive development of computing technology and the huge advancement of the internet, the availability of data has increased manifold, he said. The Finance Minister said that the quality requirements also have become very stringent and now there is a lot of focus on various services and on areas like marketing and human resources. He said that this has required new techniques and approaches to be developed and researchers and practitioners in this field have experimented with many approaches. The Finance Minister further said that the Indian Statistical Institute has played a key role in this area by promoting application of statistical methodologies in many areas. Even within industries these methodologies are being used in hitherto untapped areas like finance, sales, advertisements, customer relationship management and security, said the Minister. 

The Text of the speech of the Finance Minister delivered at the occasion of inauguration of the International Congress on International Congress on Productivity, Quality, Reliability, Optimisation and Modelling-ICPQROM-2011is as follows: 

“It is a great pleasure to address for the International Congress on Productivity, Quality, Reliability, Optimization and Modelling with the very apt theme of ‘A journey towards excellence’. It is a matter satisfaction that this congress is being organized by the Indian Statistical Institute along with the other two premier organisations Quality Council of India and Defence Research and Development Organisation (DRDO). 

The Indian Statistical Institute has all along been pioneer in the quality movement in India. In fact, Prof. P C Mahalanobis, the founder of ISI, was a polymath who had studied physics and mathematics, had deep interest in literature and finally turned to economics and statistics. Furthermore, he had realized the need for launching a Statistical Quality Control (SQC) movement and invited Dr. Walter Shewhart to India for three months during the winter of 1947 – 48. He realized the need for large scale training of industrial managers, executives, engineers, technicians and also government officials. At the same time he understood that industries should be supported for problem solving and accordingly SQC units were set up in different places from 1953 onwards. His untiring efforts to sustain the movement brought about large dividends – he invited all the top experts of the field and organized several seminars / conferences – to keep up the momentum. Indian industry benefited a lot from the large scale training and problem solving services offered by the Institute at an affordable price 

The seed sown by Prof. Mahalanobis has now grown into a huge tree over time. The SQC movement has grown into a full-fledged quality movement. It has been realized by industrialists as well as policy makers within the Government that quality and productivity are essential for growth in any field – be it business or administration. The quality movement now brings together many subjects including reliability, optimization and modelling techniques. The successful applications of these techniques help industries to improve quality of whatever they do. In India many sectors like pharmaceuticals, high tech manufacturing, automobiles, design engineering, IT and ITES have successfully used these techniques to improve the quality of their offerings significantly. So much so that in many of these fields India is now considered to be a force to reckon with – a significant change from the scenario that we had a few decades back. 

With the passage of time, the form of the quality challenge has changed. With the massive development of computing technology and the huge advancement of the internet, the availability of data has increased manifold. The quality requirements also have become very stringent and now there is a lot of focus on various services and on areas like marketing and human resources. This has required new techniques and approaches to be developed. Researchers and practitioners in this field have experimented with many approaches. The Indian Statistical Institute has played a key role in this area by promoting application of statistical methodologies in many areas. Even within industries these methodologies are being used in hitherto untapped areas like finance, sales, advertisements, customer relationship management and security. 

Quality Council of India (QCI) functioning under the aegis of the Department of Industrial Policy and Promotion is responsible for establishment and operation of national accreditation structure. QCI, being a joint venture of the government and the industry association, is a successful example of public-private partnership in the field of accreditation and quality control. Accreditation facilitates international trade by way of establishing equivalence and global acceptance of certification, inspection and testing being undertaken by various conformity assessment bodies, in areas of quality, environment, food safety etc. QCI through its National Quality Campaign has been promoting quality by enabling manufacturers and suppliers of goods and services to apply quality standards and tools and simultaneously empowering consumers to demand quality goods and services. The promotion of quality encompasses all segments including manufacturing, health, education and public services. 

DRDO, as we all know, is working for indigenous development of weapons, sensors & platforms required for the Armed Forces. DRDO also has been playing a crucial role in expanding and deepening the knowledge-base of life sciences in the country through strengthening and use of national resources including know-how and expertise. 

Institutions of research should continuously strive for excellence; constantly review their own performance through self appraisal. There is a need for our research institutions to develop linkages with the field and the intended beneficiaries. The pace of technology dissemination from the lab to the ultimate users in the industry and agriculture is slow. To enhance the productivity we must devise efficient and cost effective ways for transfer of technology. We also need to spend more and more on technology up- gradation and skill development to remain competitive and keep improving the quality of our products and services

Over the years, the exercises carried out in development and implementation of statistical methodologies for solving problems of a wide variety have led to accumulation of rich and varied experiences. On the one hand, practitioners have found innovative solutions and interesting ways to implement them. On the other hand academicians have developed newer tools and methodologies. The exchange of ideas, therefore, will be very valuable. In particular, many ideas will be generated that can be applied to different walks of life. The techniques of improving quality, reliability and productivity can be applied to clean up administration, improve reliability of public services and increase agricultural productivity. I believe that the ISI can play a lead role in these areas that can bring about a positive change for the nation at large. 

I am sure that in this conference a massive exchange of knowledge and ideas will take place. There will be learning from each other and also development of deep understanding regarding the issues involved in implementation of methodologies to reap the benefits of scientific development. I sincerely hope that this conference, with the overwhelming participation of experts that it has and the tremendous enthusiasm that it has generated, will facilitate a journey towards excellence.” 

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