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    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
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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.
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.

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NITI Aayog Budget Allocation Increased by More than 20%

February 21, 2018

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NITI Aayog Budget Allocation Increased by More than 20%

Budget 2018 enhances NITI’s role in the national policy, frontier technologies

The New India Budget presented by the  Finance Minister has cemented NITI Aayog’s role as a driver of transformational change in the country, said Hon’ble MoS (IC) for Planning Shri Rao Inderjit Singh, addressing a press conference today highlighting the budget allocations, achievements and programmes of NITI Aayog.

Allocations for the Ministry of Planning, which is embodied by the NITI Aayog, have increased by more than 20% over last year i.e. to ₹ 339.65 crore in 2018-19 from ₹ 279.79 crore in 2017-18.

Further, the budget envisages a defined role for NITI Aayog in critical areas of artificial intelligence and agriculture policy, apart from reiterating a shared vision for national development in line with NITI Aayog’s Three Year Action Agenda, the Seven Year Strategy and the 15 Year Vision Document.                        

NITI in the Budget

NITI Aayog, in consultation with Central and State Governments, will put in place a fool-proof mechanism so that farmers will get adequate price for their produce.

NITI Aayog, in consultation with State Governments, will evolve a suitable mechanism to enable access of lessee cultivators to credit without compromising the rights of the land owners.

NITI Aayog will initiate a national program to direct our efforts in the area of artificial intelligence, including research and development of its applications.

Apart from the above mentions, NITI Aayog through its officers, advisers and policy shaping role has been predominant in the planning of Ayushman Bharat, the world’s largest health insurance scheme.

NITI: Learning from the past, shaping the future

Since its inception NITI Aayog has occupied a niche space in India’s policy environment. Through ambitious recommendations and dynamic initiatives, NITI has mobilized its expertise as the ‘think-tank’ of the government, in areas such as:

  • Envisaging a roadmap for revitalizing Indian agriculture and doubling farmer’s income
  • Framing of new guidelines for devolution of dedicated funds for SC/ST community
  • National Energy Policy
  • National Nutrition Strategy
  • National Medical Council Bill
  • National Medical Strategy
  • Recommendations on strategic disinvestment of CPSEs
  • Formulation of Model Land Leasing Bill
  • Development support to the North East through North East Industrial Development Scheme (NEIDS) 2017
  • Employment task force
  • Appraisal of the 12th Five Year Plan
  • Evolving policy on shared and connected mobility
  • Holistic development of Islands

NITI Aayog is also directly involved in on-ground policy interventions through various programmes and schemes. Some of these are outlined below.

  1. Atal Innovation Mission:

Spurring innovation through Atal Tinkering Labs in schools and Atal Incubation Centres across the country, AIM has been a widely popular programme of NITI. Atal Grand Challenges and Tinkering Marathons have encouraged young entrepreneurs across the country to learn, innovate and engage with cutting-edge technology.

  • 2441 ATL Schools selected as on Date:
    • 941 Selected in Phase 1 announced from the applications invited in 2016.
    • 1500 Selected in Phase 2 announced on 25-Dec-2017 i.e. on Atal Ji’s 93rd Birthday from applications invited in 2017.
    • Grant-in-aid including one-time establishment cost of ₹ 10 lakh and operational expenses of ₹ 10 lakh for maximum of 5 years for each ATL
    • All States are covered as of now in ATL Selections
  • Incubation Centres:
    • Established Incubation Centre: 6 EIC Supported in 16-17. Around 8-10 are in pipeline for approval during 2017-18.
    • Funding support for scaling up of operations of ₹ 10 crore for EICs,  to be paid in installments
    • Atal Incubation Centre: 13 selected in 16-17, around 20-25 in pipeline for consideration during 17-18. Funding support upto ₹ 10 crore for maximum of 5 years
  1. Cooperative Federalism
  • Sub-groups of Chief Ministers on critical subjects(April 2017):
  • Restructuring of Centrally sponsored schemes
  • Skill development
  • Swachh Bharat
  • Promotion of Digital Payments
  • National consultations with Chief Secretaries of all states and Finance secretaries
  • Programme to transform Aspirational Districts by engaging with DMs and Prabhari officers of 115 districts across the country
  • Representations made to NITI by groups of Secretaries, creating cross ministry interactions and collaborations
  1. Competitive federalism
  • Introduction of Digital Transformation Index and Innovation Index for ranking states
  • Launch of the Health Index, which is to become an annual exercise across the country evaluating health outcomes.       
  • Organized extensive workshops for consultation with States and UTs on indices
  • Sustainable Action for Transforming Human Capital (SATH): handholding for states to develop key indicators across areas of health and education
  • School Education Quality Index (SEQI), Composite Water Management Index
  1. Sustainable Development Goals
  • As nodal body for monitoring implementation of SDGs, KPI created by NITI Aayog to assess progress of states
  • Draft mapping of goals with measurable indicators
  1. Outcome based evaluation and monitoring across 15 key sectors of the economy
  • Extensive data-based, performance evaluation of states through DMEO dashboard and progress tracker
  • A rigorous exercise to bring qualitative improvement in the Output-Outcome Framework by
    • reviewing and identifying relevant outputs and outcomes
    • quantifiable and measurable indicators to monitor
    • Strategic Outcomes Verification Process (SOVP) for performance monitoring
    • Program Evaluation
      • 12 programs evaluated
      • Evaluation report finalised for
        • Prime Minister Employment Generation Programme
        • National Scheduled Caste Finance Development Corporation
        •  
        • Harmonized Sarv Siksha Abhiyaan
        • PMAY (Urban)
  • Compiling, transmitting and emulating best practices across states.
  • SAMAVESH: enabling cooperation between NITI and knowledge, research partners and institutions
  1. National and International Partnerships:
  • NITI Lecture Series: 3 lectures held so far by luminaries on governance
  • NITI-DRC dialogue: China Cell constituted at NITI to foster cooperation
  • Global Entrepreneurship Summit 2017: US India summit with over 2500 top entrepreneurs, investors, and ecosystem players
  • Champions of Change: Facilitated Hon’ble Prime Minister’s stakeholder consultation with start-ups and industry for policy inputs across 12 sectors
  1. Adoption of Frontier Technologies
  • NITI Aayog working on a position paper on blockchain technology, AI and its applications in governance
  • Partnering with state governments/UTs to run pilots on land records, Electronic health records, etc.
  • Working on a concept paper for “IndiaChain” – a shared, India specific blockchain infrastructure
  • Implementation of MIS database for NITI Aayog
  • Arbitration and enforcement in India Conference.
  • Digital Hub for Govt. Best Practices for NITI Aayog
  1.  Research, Study and Collaborations
  • 5 Research Studies completed
  • 7 National Seminars and 2 International Seminars Approved
  • 10 New Research Studies approved and 1st instalment Released
  • Release of 2nd instalment for 9 Research studies
  • 15 Logo support proposals approved
  1. Strengthening Arbitration and Legal Reforms
  • Global Conference on ‘Strengthening Arbitration and Enforcement in India’
  • Law Day Conference on ‘Balancing Roles of Three Wings of the State’ in association with Law Commission of India
  • Participation of over 1500 participants each day including Hon’ble President, Speaker, Lok Sabha; PM, other Ministers, Judges of Supreme Court, High Court, legal fraternity and academia.

NITI Aayog, as the premier ‘think-tank’ of the Government of India has been crucial in navigating and charting the course of the country in matters of national and international importance on the economic front, dissemination of best practices from within the country and from other nations, the infusion of new policy ideas and specific issue-based support.

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