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    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
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    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”
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    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
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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.
August 6, 2026
Show AI Summary
Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
August 6, 2026
Show AI Summary
Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
August 6, 2026
Show AI Summary
Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
August 6, 2026
Show AI Summary
Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
August 6, 2026
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Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
August 6, 2026
Show AI Summary
Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
August 6, 2026
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Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
August 6, 2026
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Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.

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Customs, DGFT & SEZ

Lokpal Bill government’s top priority,will be introduced in Lok Sabha in first three days: Session begins on Aug.1

July 29, 2011

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Press Information Bureau
Government of India
Ministry of Parliamentary Affairs

29-July-2011 14:35 IST

Lokpal Bill government’s top priority,will be introduced in Lok Sabha in first three days: Session begins on Aug.1

The Union Parliamentary Affairs Minister Shri P K Bansal has said that The Lokpal Bill 2011 will be introduced in Lok Sabha by Aug.3. Speaking to the Media at the Parliament house the Minister said that the government has prepared a comprehensive Lokpal bill for the consideration and passing by both houses of Parliament.

The Monsoon Session, 2011 of Parliament (8th Session of Fifteenth Lok Sabha and the 223rd Session of the Rajya Sabha) is scheduled to commence on Monday, the 1st of August, 2011 and subject to exigencies of Government Business, the Session will conclude on Thursday, the 8th of September, 2011. The Session will provide 26 sittings spread over a period of 39 days.   

The Session will mainly be devoted to essential Government legislative and other business, including financial business relating to Supplementary Demands for Grants for the year 2011-12 in respect of Railway and General Budgets.

To finalise the Government Business for the Monsoon Session, 2011, Minister of Parliamentary Affairs and Water Resources took a meeting with the Secretaries/Senior Officers of the various Ministries/Departments on Monday, the 25th of July, 2011.  The Ministers of State in the Ministry of Parliamentary Affairs co-chaired the meeting. During the meeting, 71 items (2 Bills for Introduction, Consideration and Passing, 35 Bills for Consideration and Passing, 32 Bills for Introduction and 2 Financial Business) were identified for being taken up during the Monsoon Session. This includes two Bills in replacement of two Ordinances. A list of Bills identified to be taken up during the 8th  Session of  Fifteenth  Lok Sabha and the 223rd Session of Rajya Sabha is as under:-

I – Bills for Introduction, Consideration and Passing

1.

The Indian Medical Council (Amendment) Bill, 2011 – To replace an Ordinance

2.

The Indian Institute of Information Technology, Design and Manufacturing, Kancheepuram Bill, 2011– To replace an Ordinance

II – Bills for Consideration and Passing

1

The Seeds Bill, 2004.

2.

The Constitution (One Hundred and Eleventh Amendment) Bill, 2009.

3.

The Pesticides Management Bill, 2008.

4.

The Company Secretaries (Amendment) Bill, 2010.

5.

The Chartered Accountants (Amendment) Bill, 2010.

6.

The Cost and Works Accountants (Amendment) Bill, 2010.

7.

The National Commission for Heritage Sites Bill, 2009.

8.

The State Bank of India (Subsidiary Banks Laws) Amendment Bill, 2009.

9.

The Coinage Bill, 2011, as passed by Lok Sabha

10

The Jawaharlal Institute of Post Graduate Medical Education and Research, Pudducherry (Amendment) Bill, 2010.

11.

The Transplantation of Human Organs (Amendment) Bill, 2009.

12

The National Institute of Mental Health and Neurosciences, Bangalore, Bill, 2010.

13.

The New Delhi Municipal Council (Amendment) Bill, 2010.

14.

The Orissa (Alteration of Name) Bill, 2011 (as returned by Rajya Sabha with amendments)

15.

The Constitution (One Hundred Thirteenth  Amendment) Bill, 2011 (as returned by Rajya Sabha with amendments)

16.

The Central Educational Institutions (Reservation in Admission) Amendment Bill, 2010.

17.

The Educational Tribunals Bill, 2010.(as passed by Lok Sabha)

18.

The Institute of Technology (Amendment) Bill, 2011. (as passed by Lok Sabha)

19.

The Architects (Amendment) Bill, 2010.

20.

The National Institute of Technology (Amendment) Bill, 2010

21.

The Copyright (Amendment) Bill, 2010.

22.

 The Right of Children to Free and Compulsory Education (Amendment) Bill, 2010.

23.

 The National Council for Teacher Education (Amendment) Bill, 2010.

24.

The Prasar Bharati (Broadcasting Corporation of India) Amendment Bill, 2010.

25.

The Constitution (One Hundred and Fourteenth Amendment) Bill, 2010.

26.

The Constitution (One Hundred and Eighth Amendment) Bill, 2010. (as passed by Rajya Sabha)

27.

The Commercial Division of High Courts Bill, 2009. (as passed by Lok Sabha)

28.

The Constitution (One Hundred and Tenth Amendment) Bill, 2009.

29

The Constitution (One Hundred and Twelfth Amendment) Bill, 2009.

30.

The Petroleum and Minerals Pipelines (Acquisition of Right to User in Land) Amendment Bill, 2010.

31.

The Railway Property (Unlawful Possession) Amendment Bill, 2008.

32.

The Academy of Scientific and Innovative Research Bill, 2010.

33.

The Juvenile Justice (Care and Protection of Children) Amendment Bill, 2010.

34,

The Chemical Wepons Convention (Amendment) Bill, 2010.

35.

The Motor Vehicles (Amendment) Bill, 2007.

 III – Bills for Introduction

1.     

The Lokpal Bill, 2011.

2.     

The National Food Security Bill, 2011.

3.     

The Narcotic Drugs and Psychotropic Substances (Amendment) Bill, 2011.

4.     

The Prevention of Money Laundering (Amendment) Bill, 2011

5.     

The Benami Transactions (Prohibition) Bill, 2011

6.     

The Constitution (Scheduled Tribes) Order (Amendment) Bill, 2011.

7.     

The Indecent Representation of Women (Prohibition)   Amendment Bill, 2011

8.     

The Agriculture Bio-Security Bill, 2011.

9.     

The Nuclear Regulatory Authority Bill, 2011

10.                        

The Biotechnology Regulatory Authority of India Bill, 2011.

11.                        

The Regional Centre for Biotechnology Bill, 2011.

12.                        

The Electronic Service Delivery Bill, 2011.

13.                        

The Warehousing Corporation (Amendment) Bill, 2011.

14.                        

The Companies (Amendment) Bill, 2011.

15.                        

The Wildlife (Protection) Amendment Bill, 2011.

16.                        

The Indian Stamp (Amendment) Bill, 2011

17.                        

The National Commission for Human Resources for Health Bill, 2011

18.                        

The Customs Law (Amendment and Validation) Bill, 2011

19.                        

The Boarder Security Force (Amendment) Bill, 2011

20.                        

The National Academic Depository (Amendment) Bill, 2011.

21.                        

The National Council for Higher Education and Research Bill, 2011

22.                        

The Universities for Innovation Bill, 2011

23.                        

The Press and Registration of Books and Publications Bill, 2010

24.                        

The Inter State Migrant Workmen [Regulation of Employment & Conditions of Service] (Amendment) Bill, 2011.

25.                        

The Administrator’s General (Amendment) Bill, 2011

26.                        

The Mines and Minerals (Development and Regulation) Bill, 2011.

27.                        

The Emigration Management Bill, 2011

28.                        

The Damodar Valley Corporation (Amendment) Bill, 2011

29.                        

The Passengers Security Bill, 2011

30.                        

The Rajiv Gandhi National Institute of Youth Development Bill, 2011

31.                        

The National Sports Development Bill, 2011

32.                        

Bill relating to Land Acquisition, Rehabilitation and Resettlement.

IV – Financial Business

 

 

1.

Discussion and Voting on First Supplementary Demands for Grants (General) for the year 2011-2012.

2

Discussion and Voting on Supplementary Demands for Grants (Railways) for 2011-12.

*****

DK

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