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    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    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
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    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
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    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
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    China's exports slow slightly in July despite robust demand for high-tech products
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    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...
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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
    Show AI Summary
    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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      Customs, DGFT & SEZ

      Assumption of the Vice Chair by India of the Asia Pacific Region for the World Customs Organisation (WCO); MOS (Finance):Customs administrations need to become more efficient by reducing the transaction costs associated with Customs formalities, so that trade flows are not unnecessarily restricted

      July 16, 2018

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      The Minister of State for Finances, Shri Shukla asked the Customs officials to balance the twin objectives of facilitating the trade and managing the increased risks associated with cross border trade. He also asked them to ensure that the entire supply chain is secure and safe. The Minister said that Customs administrations need to become more efficient by reducing the transaction costs associated with Customs formalities, so that trade flows are not unnecessarily restricted. Shri Shukla said that the Customs administrations also need to become more effective by developing robust risk management and targeting systems so as to ensure that our societies are protected against the ever-increasing threats of illegal trade, trafficking and money laundering.The Minister of State for Finance, Shri Shukla was addressing the distinguished gathering at a function organised here today in New Delhi to mark the assumption of Vice Chair Office by India of the Asia Pacific Region for World Customs Organisation (WCO). The event to mark Assumption of Vice-Chair Office by India was organised by the Central Board of Indirect Taxes and Customs (CBIC) in partnership with CIIwhich was attended among others by the Customs Delegates of more than 30 countries of Asia Pacific Region along with representatives from other Government Agencies and the Trade.

      Speaking further on the occasion, the Minister of State for Finance,Shri Shukla said that while Governments in the past decade have been able to find the political will to commit to a structured approach to facilitation of trade, which culminated in the signing of the WTO’s Trade Facilitation Agreement. However, he added that a lot still remains to be done for the actual implementation of the Agreement to ensure that the global economy truly reaps the benefits of trade facilitation. He appreciated the positive role played by CBIC in smooth implementation of GST in the country and simplifying the same within one year and also highlighted the innate experience of India in handling the diversities be it cultural, linguistic, economic to its advantage. Shri Shukla said that the same experience will be handy to the tax administration in coping with the varying regional diversities and aspirations of Asia Pacific people on this global stage. He assured his full support to CBIC for the role of Vice Chair. He also admired the brave Custom Officers who laid their lives while performing their duties with full commitment, sincerety and dedication.

      India has assumed the Vice Chair of the Asia Pacific Region for the World Customs Organisation (WCO) and will be heading the Region for a period of 2 years from 2018 to 2020. The flag of Vice Chair was handed-over to India from the outgoing Vice Chair, Fiji in the Council Session at WCO, Brussels, held from 28thto 30thJune, 2018.

      The Minister of State for Finance, Sh. Shiv Pratap Shukla was the Chief Guest for the occasion. WCO Secretary General,Dr. Kunio Mikuriya attended the Assumption Ceremony and delivered the Keynote Address. The Customs Heads of Japan, Mr. Atsushi lizuka, and Fiji Mr. Visvanath Das, were present among the dignitaries.

      Earlier in his Opening Address, Sh. S. Ramesh, Chairman, CBIC, expressed his gratitude to WCO and Member Countries and stated that India has been associated with WCO since 1971 and has been contributing for the integral development, and promoting people to people contact among the Member Countries in the Asia Pacific Region. He also mentioned that in the present times, the rapid growth of international trade has amplified the relative importance of border procedures in cutting down transaction costs. Trade Facilitation is seen as the key enabler for simplification and rationalization of procedures and reduction of barriers for the movement of goods across the border. India is committed to the path of trade facilitation and has undertaken several reforms in the last few years to reduce the time and cost at the border for clearance and release of goods. He highlighted that for the next two years, India shall have four strategic guiding principles, i.e., greater communication and connectivity within the Region, Harness Technology Advancements, give voice to the aspirations and priorities of the membership and evolve consensus on core issues.

      In his Key Note Address, the Secretary General WCO,Dr. Kunio Mikuriyathanked outgoing Vice Chair of Asia Pacific Region, Fiji and appreciated the good coordination among the AP Member administrations and expressed his confidence in the successful takeover of this role by the CBIC.

      Secretary General, WCO,Dr. Kunio Mikuriya welcomed India as a new Vice Chair and expressed confidence in India’s capabilities of steering Asia Pacific region. He also talked about India’s long association with WCO and applauded India’s effort in global participation in terms of National Trade Facilitation Action Plan. He thanked India for the support for his re-election as Secretary General of WCO and assured his full support to A/P Region. He also appreciated India’s efforts in Risk management, Data Base Valuation and use of the India ‘expertise for many African counties. He emphasized the use of technology and requested Member Countries to use the modules and tools developed by WCO.

      Sh. Pranab Kumar Das, Member (Customs), CBIC spoke about India’s initiatives w.r.t. steps taken by Indian Customs for facilitating trade and “Ease of Doing Business”.  He highlighted that “in our National Trade Facilitation Action Plan, we have a concrete vision in place now for transforming the trade ecosystem towards more expeditious and efficient cargo clearances. This is not just the requirement of TFA but is also required as a step in the direction of Ease of Doing Business, which will hugely facilitate trade under which importers and exporters will be able to lodge documents at a single point, reducing interface with Governmental agencies, dwell time and the cost of doing business. Combination of AEO, DPD and Advance filing of import declarations have significantly reduced the overall cargo release time in imports”.

      Delegates from Fiji, Japan and Korea congratulated India for assuming Vice Chair and appreciated India’s role and contribution at this global platform.

      There were also, addresses by Australia, Singapore, GATF and Private Sector on various facets of Trade Facilitation highlighting the theme of – “Customs Facilitating Cross Border Clearances”.

      In concluding remarks, the Joint Secretary (Customs), CBIC, Department of Revenue, Government of India, Sh.Satya Srinivas, , expressed thanks to the Minister of State for Finance, for his support and time and also extended gratitude to WCO and all foreign delegation for supporting India to become Vice Chair of the Asia Pacific Region for the World Customs Organisation (WCO).

      This event marking the opening of Vice Chair office is being followed by an high level  seminar on E-commerce Framework of Standards(adopted by WCO recently) for the delegates from member countries of the region.

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